Overall, I feel that LimeFx are a really good broker with a vast range of trading products and services that can meet the demands of all traders. They have plenty of experience and are regulated which gives me the peace of mind that I can trust them for my daily trading activity. I found them to have very competitive trading conditions and fees.
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LimeFx recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. One of the better, albeit less-known cryptocurrency exchange and asset brokerage alternatives.
Stock CFD trading on LimeFx
LimeFx offers a wide assortment of markets and instruments, including stocks (both US and international), ADRs, ETFs, futures, commodities, futures, options, forex, and bonds. IPO investing, robo-advisors, and individual investment portfolios are also available, as well as leveraged CFDs. LimeFx offers traders a robust customer support infrastructure. The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative.
What is the difference between a crypto exchange and a brokerage?
There are also withdrawal fees with this account, reducing its appeal. We appreciate that there are no deposit fees on the Standard and MT5 Global accounts, although third-party fees may apply to bank transfers. We put all of the tools available to traders to the test and give you first-hand experience in stock trading you won’t find elsewhere. We don’t care what your motivation is to get training in the stock market.
All these accounts have certain area restrictions and are accessible anywhere, excluding a few countries. Each account has a different requirement applying to them and requires different minimum balances for their maintenance and working. The second one gives protection to securities and the cash in the brokerage account up to $500000. LimeFx offers bonuses today, which are available for individual submissions to the broker.
LimeFx Trading Account Features
ROX is a sophisticated electronic order management system with instant routing to exchanges, ECNs, market makers and MTFs world-wide. ROX empowers traders by providing lightning fast access to many sources of liquidity. ROX users can benefit https://limefx.biz/ from competition among a large number of market centres, each of which have their very own special advantages and opportunities. ROX simple yet powerful point-and-click screens enable trading in many marketplaces at the same time.
With the MT5 Global account, you have access to 50 forex instruments, the Standard account offers 47 pairs and the ECN 45 pairs. With this variety of currency pairs, including majors, minors and exotics, traders won’t be short of opportunities. Based on our tests, LimeFx is an excellent broker for active forex traders. Our evaluation has shown high-quality order executions with speeds of 50ms, alongside tight spreads from 0.0 pips.
Their accounttypes are primarily distinguished by market access. They offer three forextrading account types, as well as a demo account. LimeFx offers clients access to awide range of asset classes, including forex, precious metals, stocks, indices,energies, futures, options, and bonds. Their selection includes tens ofthousands of individual assets.
Customers can also access a wealth of information on the trading platform, including detailed FAQs and tools for answering questions and explaining diverse trading nuances. LimeFx’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice.
limefx official site requires a $3,000 account minimum for trading withthis platform. Finally, for experienced traders, there’sthe MT5 Global account. This provides access to the MetaTrader 5 platform,spreads starting at 0 pips, and a commission of $2 or less. As mentioned above, LimeFx’s accountstructure differs from the tiered approach common among brokers.
The brokerage recommends the platforms according to the type of security traded. And under the categories of “stocks,” “options,” “futures,” and “apps,” LimeFx lists the ideal platforms. The Forex demo account at LimeFx isdesigned for traders who are new to forex markets. It allows for practicetrading without risking real funds, offering a way to become familiar withtheir trading conditions. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
I think they could improve further by adding support for some more currencies and crypto deposit like Coinexx. LimeFx offer professional customer support 24/7 via online chat, telephone and email. It was great to see that support is available on weekends as this is not something that all brokers offer and helps them to stand out from the competition.
For options, LimeFx charges a fee between $1.00 and $2.15, depending on the number of contracts. For investors trading options in non-trivial volumes (i.e., beyond 10 per month), LimeFx offers competitive costs. The laudable support system is multi-channelled across live chat, email, and phone communication.
- Naturally, we’ll also talk about the less-positive sides of the platform, too.
- Brokers brag about their rates, like chat rooms claiming to help thousands of traders.
- We have over 20 years of experience when it comes to trading online so we know what to look for.
- The brand was acquired in 2015 by WhoTrades Inc, a company that promotes social trading services.
- Also, the minimum amount to open a future or margin account is $2,500.
The commission fees are very low, and you’ll also be able to use the platform on all of your main devices (mobile, desktop, the web). This account is for those who already have exchange trading experience and want to get the highest execution speed. Spreads on this account type start from 0 pips with a $3 per lot commission charged. I like this account because it has the lowest spread on MT4 which is important for my automated scalping systems. You will find that LimeFx have a great variety of flexible and powerful trading platforms suitable for all styles and levels of traders. They offer the MetaTrader 4 (MT5), MetaTrader 5 (MT5), CQG & ROX platforms.