Additionally, LimeFx offers a few mobile apps, including an advanced app for iOS and Android devices and a swipe app. Likewise, the firm offers an iBROKER Mobile App for futures traders. The LimeFx minimum deposit amount to open an account is $100. However, a minimum balance of $2,500 is required to begin trading.
Customer support of LimeFx
However, most withdrawals are charged 0.20% – 2.5% of the withdrawal amount. The broker has a huge variety of trading instruments across multiple markets including Forex, Cryptocurrencies, Commodities, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, Futures & CFDs. There is something for everyone to trade with thousands of financial instruments available.
Account types available for traders on LimeFx
Using a demo account might assist usersunderstand the broker’s trading circumstances before committing real funds. CQGTrading Platform – CQG offers access to over 40 globalexchanges, providing market data and order routing for futures, options, andtheir combinations. While thebasic desktop CQG platform is free, there are charges for upgraded features anddata packages.
TRADING HELP
This is a drawback versus some competitors who offer around the clock customer support. LimeFx is a discount brokerage founded in 2007 and headquartered in Limassol, Cyprus. The brand was acquired in 2015 by WhoTrades Inc, a company that promotes social trading services. Each profile on Novoadvisor shows full transparency so investors can decide whether a strategy fits their personal needs and expectations. We will help to challenge your ideas, skills, and perceptions of the stock market.
Ultimately, the educational resources are nowhere near as extensive as competitors like Pepperstone. With this in mind, LimeFx isn’t the best forex broker for new traders in our view. MT4 is our pick for beginners while MT5 is good for experienced traders thanks to its faster processing and greater breadth of indicators, order types and trading tools. Our testing shows that both MT4 and MT5 support forex trading and provide an excellent suite of technical indicators, charts and analysis tools. Importantly, we find both platforms easy to use with a sophisticated design and a customizable workspace. Our review shows LimeFx scores less favorably when it comes to withdrawals.
Outstanding Platform for Trading: LimeFx Rocks!
The platform offers clear market data and graphs, though we particularly rate the Excel output option and economic calendar, which are useful for planning trades. The key benefits of this system are the tight spreads and fast execution speeds, which come in as low as 50 ms based on our evaluation. This makes the firm a good option for active forex traders and scalpers in our opinion. This means the broker effectively acts as a middleman to give traders access to the forex market. On a more positive note, our tests show that withdrawal times are in line with competitors, varying between payment methods with e-wallets being instant and bank wires taking up to 5 days.
However, like any financial undertaking, the choice of a broker should be rooted in meticulous research and informed judgment. While LimeFx’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal. So, before diving into LimeFx’s offerings, evaluate the platform based on your goals and preferences.
- Undoubtedly, fees are going to be one of the most important aspects to look into when trying to decide which crypto exchange or brokerage will suit your wants and needs the best.
- These simulation accounts are a great way for beginners to learn more about forex trading without financial risk.
- Robo-advisor is a globally recognised service that aims to help traders using modern technologies.
- The demo account is available to simulate all three types of forex accounts using $100,000 in virtual funds.
- If you find that your country is not accepted, please feel free to take a look at our broker ratings for another option.
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).
With that being said, though, J2T CryptoExchange isn’t a typical crypto exchange – it’s an asset brokerage. Keeping this information in mind, it makes sense that there limefx scammers are multiple other factors that need to be accounted for. J2T CryptoExchange is a certified brokerage platform – it has certifications in the EU, UK, and USA.
The maximum number of available Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type. In this review of LimeFx, we’ll discuss the broker’s safety policies and regulations, trading platforms, account types, trading fees, and more. In addition, we’ll guide you through account opening step-by-step.
As for speed, most transfers are instant, with bank wire taking 2-5 business days. The brokerage also provides access to several third-party platforms, including Sterling Trader Pro, CQG, ROX, and the iBroker mobile app, with access to demo versions. Moreover, LimeFx + is user-friendly and a cut above many brokerage-provided platforms.
Join the ranks of over 155,000 customers who have already chosen LimeFx’s services. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. It has strong regulatory credentials, other positive user https://limefx.vip/ reviews, and has received a number of industry awards. In our assessment, LimeFx is best for active forex traders looking for ultra-tight spreads with ECN pricing and fast execution speeds. We have been fairly impressed with the customer service provided.
For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. Match any two of these requirements to qualify as a professional client. You can keep track of current economic data using the provided Economic Calendar. You can see previous, forecasted and actual results of each economic release.
I also like the automated trading features of these platforms and fact you can find a plethora of free and paid add-ons to enhance the platforms capabilities even more. That being said, the platforms built-in tools should be more than enough for most traders. 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.
Built for both novice and seasoned traders, the broker offers an impressive suite of account types, ensuring a flexible and rewarding trading environment for its customers. The broker’s customer support service starts with a hugely comprehensive FAQ section that tries to answer most of the common platform user queries. Most of the queries on the page touch on the different services offered by the broker, especially the ones that touch on fees, margin trading, and trader platforms.