The service is also accessible to all, not just LimeFx clients. Importantly, the paper trading account lets you test the broker’s platforms and tools before committing real money. LimeFx offers a free demo account with up to $1 million in virtual funds on the online and mobile platforms. After you sign up, you can use the LimeFx login page to start investing with simulated funds.
Residents of which countries cannot trade on LimeFx
LimeFx also offers a professional account for high-volume traders with a minimum deposit of $5000. The key benefits here are access to more than 50 execution routes, as well as powerful trading software like Sterling Trader Pro. The Forex ECN account is a good option for active forex traders looking for the tightest spreads and limefx review access to popular currency pairs. The broker does not charge a deposit fee on all available methods and there is zero withdrawal fee on withdrawals to the account at FINAM bank and UnionPay payment system. Account service fee is $5 per month, but it is only charged if the customer hasn’t had any trades within the specific month.
LimeFx futures and futures options review
A manager called us within 20 minutes, we discussed all issues and questions and our account was verified in an hour. This is one of the best results in terms of quickness of account opening among the brokers with European regulation. Also, you need to specify the type of the account you want to open. Please note that you can open any type of account https://limefx.biz/ during registration, and then, in your personal account, you can open a different type of account, if necessary. There is exhaustive information about the restrictions on the website of the Cyprus regulator, as the source. At the time when this review was being prepared, citizens of 30 European countries could open an account with the broker.
- Overall, when we used LimeFx, our team found that it stood out for its wide selection of advanced trading tools.
- In the majority of other markets, the broker charges commission as a percentage of the trade volume, while its size ranges from average to high.
- The level of transparency and availability of information about the company is average.
- Traders should also keep in mind that triple rate swap fees are charged on a Wednesday.
- LimeFx offers a free demo account with up to $1 million in virtual funds on the online and mobile platforms.
Trading accounts
In fact, your bonus can be even higher, if your friend funds the account for a large amount. A small number of educational materials can be found in the Blog section on the broker’s website. However, these ‘tidbits’ for the beginners can unlikely be viewed as educational services.
Account types
Accepted funding methods depend on the account type you pick but they include bank wire transfer, credit/debit card, Neteller, Skrill, PayPal, Klarna, FasaPay and other digital wallets. Our research shows that the MT5 Global account is best for experienced traders. Account holders get tight spreads with a very low commission rate, plus access to the powerful MetaTrader 5 platform.
They offer a few account types withdiffering market access, fees, and commissions. LimeFx offers a wide range of trading instruments with sophisticated platform features catering to both trading newbies and market veterans. The platform’s commitment to user-centric solutions is evident in its diverse account types and focus on creating a practical demo trading experience. Furthermore, its reliable customer support and streamlined deposit and withdrawal methods reinforce its reputation. In our review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms. The in-house platforms include the LimeFx+, LimeFx pro, the commission-free LimeFx Lite, and LimeFx mobile apps.
Additionally, the broker charges withdrawal fees which vary depending on the method you choose. Many leading forex brokers we evaluate do not charge at all, so this is a negative, especially for traders who make frequent withdrawals. LimeFx does not charge inactivity fees – a levy we see at many forex brokers we review. Meanwhile, the MT5 Global account offers 0.0 pip spreads with an even lower commission of up to $2. This is firmly toward the low end of the forex brokers we review.
All deposits are free with the MT5 Global and Standard accounts, except Alph-bank which charges a 2.5% commission. ECN accounts incur a 2.25% to 3% commission; Trustly and UnionPay are free to use. 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. LimeFx offers 24/7 customer service,which can be contacted via online chat, email, or telephone. This extendedavailability may be a benefit for traders who operate outside of standardbusiness hours.
ROXPremium – ROX Premium provides access to major USstock and options exchanges (NYSE, NASDAQ, CBOE) for market data and orderrouting. It also offers connectivity to key exchanges in Canada, Mexico, andEurope. 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.
It is available inside the personal account of a LimeFx customer and visually shows the map of ‘hot stocks’. The bigger the circle with the ticker, the more attention the stocks enjoy in the market. For example, from the screenshot above, it is evident that PFE is extremely active.
J2T CryptoExchange proves to be a great place to start investing, in general, since it offers a wide range of different assets for you to tinker with and, evidently, purchase. You can also create a demo account if you’re not still sure about the entire process, which will give you a chance to try out the platform at your own pace. Also, it’s worth mentioning that LimeFx has no deposit fees for cryptocurrencies and tokens – there’s but a 3% fee for a bank wire transfer. J2T CryptoExchange is a certified brokerage platform – it has certifications in the EU, UK, and USA.
The software offers direct-access routing, option tools, and real-time market data. After testing it out for a while, I thought this was the most sophisticated software in LimeFx’s portfolio. Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges. These can only be traded on the broker’s proprietary trading platforms where LimeFx Pro charges $2.50 per trade but are commission-free on the LimeFx lite platform. Also makes it possible for its clients to invest and trade more than 3,000 mutual funds listed on its platforms.
Besides the default routing option, LimeFx + offers Nasdaq and Arca venues. Traders who need more options than these can use Sterling Trader Pro, which offers many more. In this LimeFx review, we determine that they offer good value in the way of software offerings, good commission prices, and offerings that just about match the rest of the industry. Top10stockbroker.com & Indianfranchisereview.com are websites under Medmonx Enterprises Private Limited. We are certified stock broker review & comparison website working with multiple partners.