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. We’ll start off by taking a look at some of the more-positive aspects of the brokerage, and discuss those user LimeFx reviews that outline the best benefits and features of the platform. There is no indication LimeFx does not waive broker fees such as inactivity fees or fees about account maintenance and management, but broker fees are charged for Market Research about professional accounts. At the time this review was being prepared, there was only one promo offer.
- The MetaTrader4 developers have used the
advanced technology of the IT industry. - LimeFx provides all the basic services, features, and tools for a trader, investor, and financial institution to have a successful trading experience.
- Only third-party charges are applicable when clients withdraw funds from this platform.
- There are more methods of withdrawal on LimeFx in addition to a bank transfer and in terms of this the broker compares favorably with Degiro.
- Forex traders get a reasonable selection of 64 currency pairs, and commodity traders can choose from 25 CFDs and futures contracts.
- There are news items on the broker’s website, sorted by the tickers and available to all.
Hence, active traders and investors can rely on the information provided here with full confidence. At Asia Forex Mentor (AFM) Evaluation, we try to analyze various brokerage platforms that are operating in the financial markets. Each broker and its services are researched and assessed thoroughly to come to a conclusive opinion so that the traders and investors can make up their minds regarding their investments. Those looking for the lowest trading
commissions will certainly want to have a try at LimeFx.
Desktop and Web Trading Platforms
They cater for beginners with lots of helpful educational content and practice accounts. If you are an institutional trader then you will be impressed with the FIX API connectivity and limefx forex broker managed accounts whereas there is the professional account option. If you are looking for a convenient way to trade the markets, I would certainly give them further consideration.
- All six cater to professional trading requirements and prop trading groups, featuring Level II data, basket trading, full customization, hot-key support, alerts, real-time scanning tools, and many other functions.
- There is no indication of whether LimeFx offers the option of an Islamic account to traders who are of Muslim faith and who operate under Sharia Law.
- In fact, your bonus can be even higher, if your friend funds the account for a large amount.
- The core trading environment is solid, except for above-average trading fees, which I rate as the primary reason I cannot recommend this broker despite numerous bright spots.
- You can see how the signals are sent and the examples of previous signals on the page by clicking on “Check Previous Ideas”.
However, there are no added withdrawals or any other extra charges applied by this broker. All in all, we can say that the customer reviews reveal that LimeFx is a moderate trading platform for any active trader. There are many benefits of investing with LimeFx however, the trader also needs to be patient when it comes to funds withdrawal. A review of any broker is incomplete without the inclusion of customer feedback. The response of the clients is unbias and always gives a clear picture of any company.
LimeFx is the first Forex broker to obtain a license from the Bank of Russia at the end of 2015. It is one of the few local currency brokers, along with VTB24 Forex and Gerchik & Co, and Alpari, although the latter is a much larger company. Nor does the broker provide us with information about the processing of withdrawals or the withdrawal waiting times. LimeFx applies a minimum trade size for all its accounts of 0.01 lots (micro lot). There, however, are no ETF trade screeners on the LimeFx platform.
A Sophisticated & High-End, Yet Simple to Use Trading Platform
Those who already have some trading experience
can opt for the Forex ECN account, which
delivers the greatest execution speed and extremely low spreads that begin at 0
pips. Note that there is a commission on the ECN account, which is $3 per lot
or less. The LimeFx demo account features will depend on the trading platform that the trader uses, in this case, MetaTrader 5, in conjunction with the demo account. In fact, on the website, there is access for them where they can access their private area using a username and password.
Methods of withdrawal and fees
Market Buzz is another interesting solution for active stocks traders. Analytical materials on Forex, commodity markets and stock indices are posted once a day, closer to the middle of the European session. Under the chart, you can read the list of news items by dates, which are related to AAPL. Taking into account that there are thousands of securities and the depth of https://limefx.vip/ the list is more than just one year, the customers thus receive a powerful resource for working with the news items. The theme is dark by default and during the first login, the system offers you to discover the platform’s interface. The benefit of CQG platform is that you can ‘link’ platforms of third-party developers to it to improve analysis and trading efficiency.
Withdrawal Options and Fees
There are multiple withdrawal options available on the LimeFx platform. From standard options of credit and debit cards to traditional bank transfers all these withdrawal methods are provided by this broker. Along with this, major e-wallets and online transaction applications such as Skrill Neteller, and CashU are also available on the LimeFx trading platform. LimeFx offers a wide variety of trading instruments and asset classes for its customers. Traders can have multiple options from Forex, stocks, futures, bonds, CFD and even cryptocurrencies recently added to this list.
Referral bonuses are offered by brokers to traders in an attempt to draw in new clients and expand their customer base. LimeFx does not currently offer referral bonuses to new or existing traders who make use of the products and services offered by LimeFx. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that LimeFx is not a scam, read our trader reviews and check other popular trading related websites and forums. You can also access this new York-based broker’s customer support team by contacting them directly via their different social media handles, email or through the toll-free number on the website.
For these reasons, we can say that LimeFx is a good choice for any day trader, long-term investor, or even large-scale financial institution giving the best of services in the brokerage industry. Even though LimeFx is an offshore broker regulated with only a single-tier commission yet it has been successful in maintaining its position as a reliable broker. Similarly, with many other brokerage platforms giving tough competition in the industry, LimeFx has withheld its customers and is growing as a company.
LimeFx provides massive in-house research for registered clients and via well-trusted third-party provider Trading Central. It remains unclear if LimeFx offers the MT4/MT5 plugin or provides the services via its back office. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations. Demo trading does not grant exposure to the full range of trading psychology and can create unrealistic expectations. LimeFx provides 24/7 customer support via Phone lines and Email. For customer support reasons, the broker has opened representative offices in almost all major locations covering most of Europe and Asia.
Fact-checking Standards
Noteworthy, compared to cryptocurrency exchanges, the brokers offer worse conditions. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method.
As such we may earn a commision when you make a purchase after following a link from our website. All the above are broker-assisted plans and also include an additional fee of $20 per trade. During my review, LimeFx neither offered bonuses nor promotions; a quality partnership program exists. All information on 55brokers.com is only published for general information purposes.
The platforms have the opportunity to customize needs and requirements through MAM or PAMM offerings. While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform. Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use.