LimeFx Review Should LimeFx Be Your Forex Broker?

You can see previous, forecasted and actual results of each economic release. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. There are also lower capital requirements when you incorporate and start the licensing process. This leaves more cash to invest in other areas of the Forex business. The first decision you’ll make is by far the most important, and that is where you will base your operations.

We estimated the broker’s commissions as average in the market. The broker offers the most beneficial conditions in the US market. Opening an account with the broker is a quick and easy process with a short online registration form to complete. After this you will need to fill out a questionnaire to ensure your suitability for the products and services offered, this is done to protect inexperienced clients. If accepted you can then upload your documents to verify your identification and address (e.g. utility bill no older than 3 months).

The FIX API is an electronic communications protocol that was developed for the real-time exchange of trade-related information. It is commonly used by professional traders and allows you to avoid the use of intermediation software. It provides direct access to the market with your own programs. Using the FIX API, advanced developers and quant traders can use their own proprietary algorithms and black boxes to easily connect to the LimeFx server and use the FIX price data feeds. This provides a direct connection to institutional liquidity providers with lower latency and improved fill rates. Opening an account with LimeFx is a quick and easy process with a short online registration form to complete.

Regulation

Finance Magnates is a global B2B provider of multi-asset trading news, research and events with special focus on electronic trading, banking, and investing. Copyright © 2023 “Finance Magnates CY Ltd.” All rights reserved. Our Ranked LimeFx Trust Score is 8.5 out of 10 for https://limefx.club/ good reputation and service over the years, also for a reliable license. However, the broker is authorized by only one regulatory body for its trading services. According to its regulation, LimeFx is subject to various restrictions on how to operate the trading process.

LimeFx portfolios are calculated individually for each client, based on the results of a questionnaire with 8 questions to determine your preferred risk preferences. LimeFx offers you to open a Forex account on favorable terms and start trading on the stock market. Tradable financial instruments offered to investors by LimeFx include Forex, Cryptocurrencies, Commodities, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, Futures & CFDs. Online trading involves significant risk, and you may lose all of your invested capital. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Trading accounts

It offers market and limits orders on close and the time duration for days or extended hours. The demo account enables you to review the orders made and displays market performance and current portfolio as well. Lastly, the ROX platform will provide you with direct access to exchanges in the USA, Canada, Mexico and Europe, which is more suitable and applicable for active traders or investors of a bigger size. Along with its comprehensive functionality, there are designed additions that range by its level of sophistication, yet are easy to use.

If you want to test demo accounts of different types, you can create a demo of one account, receive access to your personal account and then create a demo of another account type from there. 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. ROX is a sophisticated electronic order management system with instant routing to exchanges, ECNs, market makers and MTFs world-wide.

The platform further has already-configured options, including Covered Calls, Iron Condors, etc. Transfer of funds through this account takes two to three dates . They require a holding period of five days before the availability of trading control is provided. One of the common electronic payment networks in the United States. After establishing an ACH relationship between the LimeFx and the person’s bank account, fund transfers get facilitated. It offers market and limits orders on close, and the time duration can be set today or for extended hours.

Commissions on futures

So far, I have just registered and replenished my account, after receiving the first results, I will supplement my review. Shares – More than 30,000 including most of the largest global companies such as Apple, Tesla, and JPMorgan. With internet access, speakers and a microphone, you can receive responses from the managers of the support team within a minute on average after you click on the button with the phone receiver image. Technically, the call is supported by Zingaya, the call quality is good and the competence of the managers of the support team is high. It seems that the broker rebroadcasts the news from a third-party source, but does it extremely ‘awkwardly’. We are hoping that the broker will soon eliminate this drawback.

• However, LimeFx lacks traditional filters and tools since it caters more to traders who do higher-volume trading.
• This service is for clients who prefer to make LimeFx decisions with professional assistance.
• Customer service is friendly and professional, and having the ability to contact them on the weekends is a real bonus for those who have general questions or basic concerns.
• LimeFx Spreads are ranked low with an overall rating of 8.5 out of 10 based on our testing comparison to other brokers.

We found Forex spread much lower than the industry average, and spreads for other instruments are very attractive too. LimeFx provides traders with competitive floating spreads starting from 0 pip. Based on our finds, the average spread forEUR USD is 0.5 pipswith all costs included, and ECN account for active traders features raw spread plus $3 commission per lot. LimeFx offers its clients access to trade Forex, Stocks, Futures, Bonds, Metals, Options, and CFDs on Shares, Energy, Indices, and Cryptos. Based on our findings, for Forex instruments the brokerage commission equals $2 per lot and the margins from 2% and lower. There are three account types designed by LimeFx that are defined by the execution technology, or by the type of trader you may be.

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But after that, you will be able to easily navigate your account. The procedure of opening an account is performed fully online. It is green and can be found at the top of LimeFx.online website. Demo accounts for МТ5-Global are valid for no longer than two weeks. Also, there is a good chance to get confused about the account, as one and the same account could have different names in different places. For example, on the website, the account’s name is US Exchanges, and inside your personal account – Global Markets.

LimeFx has one of the lowest commission rates in the trading industry. Overall, within our LimeFx Review we saw a truly great platform range, so you will definitely find suitable software and having an option to choose from. There are 20+ methods of lime fx funds deposit, so you will definitely find the most convenient method for you personally. Contact us directly for further inquiries about our products and services. Partnership program is another way to receive additional bonus from working with LimeFx.

This means that if you want to buy specific shares that are not on the list, you can contact the broker and ask for it to be added to the list and for permission to perform a transaction with it. The above information is applicable to MT-5 Global account types, while there may be differences for Forex-ECN account types. For the Russian securities market, the rate is 0.044% per day (16.6% annual). A number of top Russian brokers are ready to provide financing for the purchase of shares at less than 10% annual interest.

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.

For better understanding, let’s see how much a trader will have to pay for a $5,000 lot of US, UK and German stocks on the platforms of LimeFx, Degiro and Swissquote. A smart broker with a low initial deposit and the ability to integrate third-party trading programs through the Open API. For 10 months of cooperation with this company, my deposit has doubled! Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.

LimeFx Forex broker description

LimeFx are an international online broker offering a great range of trading products and services. Whatever your interests, there is something for everyone to trade in the way that they want to trade it. The broker has been providing online brokerage services since 2006 and are trusted by 155,000+ clients from limefx official site 130 countries. They cater for retail and institutional clients with the possibility of integrating third-party trading programs through an Open API. A one-time fee of 0.35% + 0.35% is charged for each traded lot of XAGUSD.100 i.e., a bilateral fee of $6 (400₽) per 100 oz is deducted when opening a position.

Therefore, you may count on 24/7 support, as well as professional analytical assistance with coverage of all financial markets. For its supporting reason, LimeFx serves and opened representative offices in almost all major locations covering Europe, Asia and American clients’ needs. There are three account types designed by LimeFx that are defined by the execution technology, or by the type of the trader you may be. At the time this review was being prepared, there was only one promo offer. Within this promo, the new customers could get a bonus for topping up the account of Forex Standard type.

In addition to those two award-winning platforms clients can also choose from the powerful CQG Trading Platform, the ROX Premium platform, the Sterling Trader Pro, and the LightLimeFx platform. LimeFx also offers partnership programs for institutional trading and for individuals who want to become introducing brokers . LimeFx Education ranked with an overall rating of 7 out of 10 based on our research. The broker does not provide seminars, webinars, insights, etc. For beginner traders, we recommend getting the necessary learning materials from other well-known brokers. LimeFx provides 24/7 customer support via Phone lines and Email.