limefx reviews is an online broker that gives you access to a full range of trading products, services, accounts and platforms. They are an international broker who I found to have very competitive trading conditions and fees. You can get direct access to a huge range of markets with low commissions, instant execution and maximum liquidity. I like how they take an individual approach to each client regardless of your investment size and have 24/7 support. There is an abundance of high-quality research that covers all financial markets and instruments which can help to inspire trade ideas. Alternatively, you can open a free demo account if you prefer to get a feel for what the broker has to offer.
The proprietary platform, Novoadvisor (now known as Lime Financial), gives investors access to the top-performing traders and strategies on the LimeFx network. Importantly, the paper trading account lets you test the broker’s platforms and tools before committing real money. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.
Doing so will help you know how the fees work and how to apply them. If you leave your account unused over a long period, LimeFx will charge an inactivity fee. So, you want to keep your account active and engaged to avoid withdrawal restrictions. Besides, LimeFx is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF).
- LimeFx’s platform unfurls a tapestry of innovative features tailored to empower traders.
- This is a hefty account promotion though there may be withdrawal terms and conditions.
- Incorporated in 2006, LimeFx is an online brokerage launched by Success Trade Securities.
- If accepted you can then upload your documents to verify your identification (passport, drivers license, etc) and address (e.g. utility bill no older than 3 months).
- So, you want to keep your account active and engaged to avoid withdrawal restrictions.
There may be a welcome bonus of up to $2,000 when signing up for a LimeFx Online LTD pro account, depending on your location. This is a hefty account promotion though there may be withdrawal terms and conditions. Overall, when we used LimeFx, our team found that it stood out for its wide selection of advanced trading tools. Note, all clients must be 18 years of age or older to open an account. Free daily mailout of analytical reviews and forecasts for the current date. Overnight funding fees and other transaction charges, require detailed understanding on the LimeFx platform.
LimeFx Account Types
All personal information is secure and safeguarded when processed on the website. https://limefx.vip/’s mobile applications also offer a PIN or fingerprint authentication. In addition, the company uses an external account verification system, alongside Plaid to authenticate a client’s bank and brokerage accounts. Commissions on withdrawals vary, with the highest coming in at 2.8%.
Account Types
LimeFx is licensed by NFA, FINRA, Bank of Russia, and is a CySEC regulated broker-dealer. CySEC regulation is quite rigorous, requiring segregated funds, KYC checks, and financial compensation schemes. In addition, the platform has 11 preconfigured options trade structures available, including butterflies, calendar spreads, covered calls, iron condors, and straddles. Platform fees vary between $25 and $595, though CQG Desktop is free. Investing in futures and options costs $1.50 per contract per side (buy or sell). Traders can speculate on a modest selection of the largest cryptos by market cap including Bitcoin.
Building a Knowledgeable Trading Community
The broker provides the latest market news from the world of economics and finance. They have a section of their website dedicated to frequently updated news articles. Judging by standard procedures, new customers may get their accounts activated within a day, depending on the availability and genuineness of their documents. LimeFx doesn’t charge withdrawal fees, prioritizing smooth and straightforward financial transactions.
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. I think all of the platforms are excellent for anyone looking to analyse the markets, place and manage positions.
Instrument-specific insights delve deeper, offering granular perspectives on particular trading instruments, amplifying clarity in decision-making. With its regulatory oversight, LimeFx offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers. In other words, LimeFx is for the pragmatic trader seeking simplicity and efficiency.
With this live account, you cannot trade CFDs on shares, stocks, futures and bonds. Match any two of these requirements to qualify as a professional client. Using free market research of LimeFx’s experienced analyst team, clients get the opportunity to create their own investment strategies. LimeFx positions itself as a viable choice for traders by maintaining competitive and transparent fee structures that align with varied trading needs and preferences. LimeFx offers a suite of tradable instruments, catering to traders with different all kinds of preferences and methodologies.
LimeFx US brokerage employs a market maker straight-through processing (STP) broker model. It supports the trade of mutual funds, stocks and bonds, ETFs, futures and futures options. On its website, LimeFx claims to have integrated modern technologies into its wide range of brokerage services to bring about a low priced as well as “fresh and native” trading experience. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
The CFD fees are added to the broker’s spreads, promoting a more affordable trading experience for users trading CFDs. For traders adhering to Islamic finance principles, the broker offers an Islamic (swap-free) account, aligning with Sharia guidelines. The commitment to client security is evident in its provision of segregated accounts, ensuring that the broker separates client funds from its operational finances. In this LimeFx broker US review, we will be vetting the truthfulness of these claims, analyze the brokerage products and detail the nature of its services. This should help you form an opinion on the reliability of the online broker and aid your decision on whether to trust them with your cash.
This can be a great way to see if they will meet your specific needs. I think they can be a good choice for anyone who is looking for convenient trading in a regulated environment. 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. You get to trade on easy to use platforms with all of the tools you need for conducting complex market analysis.
Leave a Comment