According to its regulation, LimeFx is subject to various restrictions on how to operate the trading process. LimeFx which is owned by LimeTrading (CY) Ltd operates through its registered office in Cyprus and is authorized and regulated by CySEC. Don’t get me wrong – the registration was definitely not “difficult”, in any sense of the word. However, if there was one thing I could change about it, it would have to be the one-page format.
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. Forex and CFD trading is a well-formed offer for the customers of LimeFx. Let’s review how much a trader will have to pay for these sorts of services. According to our analysis, the majority of LimeFx customers come from Russia and its neighbor countries.
Processing times are instant except for bank wires, which take two to three business days. Withdrawal fees and withdrawal processing times depend on the payment processor, which LimeFx transparently lists on its website and in the back office. CQG Trader costs $25 monthly, CQG QTrader $75 monthly, CQG Integrated Client $595 monthly, Sterling Trader Pro, and Lightspeed Trader. 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. Individual traders must transact a monthly minimum of 250,000 shares to qualify. LimeFx provides an economic calendar, trading central, stock exchange forecasts, market analytics, trading signals, and other research materials.
- Therefore, customers can choose the best suitable way to fund the account, and then transfer the money to another account type.
- This account is for those who already have exchange trading experience and want to get the highest execution speed.
- The response of the clients is unbias and always gives a clear picture of any company.
- LimeFx has similar indicators as another discount broker Degiro.
- With that being said, though, J2T CryptoExchange isn’t a typical crypto exchange – it’s an asset brokerage.
What this means is that the fee is fixed, and won’t be changing around due to some trading volume or any other circumstance. Check the analysis report on Top-rated Crypto Wallets that are safest for your funds. 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.
Brokers often offer these broker bonuses to new traders to draw in more customers in addition to encouraging trading activities. Offering a deposit or welcome bonus is the best way in which to assure traders that they will receive some money back depending on the initial deposit made. In comparison with its Russian competitors, LimeFx offers slightly better trading conditions, especially in terms of minimum deposit. In this section, the broker provides a news area that is updated and an economic calendar with all the important events of the day and that every trader should know.
How long does it take to make a withdrawal?
LimeFx applies different approaches to charging commissions on trading with different exchanges. At the stock market, it could be a commission per share (NYSE, Nasdaq), or per trade (EURONEXT, LSE) On the Forex market, the broker charges a low fixed commission per lot. This account is for those who already have exchange trading experience and want to get the highest execution speed. Spreads on this account type start from 0 pips with a $3 per lot commission charged. I like this account because it has the lowest spread on MT4 which is important for my automated scalping systems.
Somehow, remember that different instrument
has different trading conditions. In this case, you have to make sure that your strategy is well
suited for the instrument you chose. Besides lots of currency pair,
LimeFx also offers some instruments you would like to trade on, such as
Forex, CFD, Stocks, Bonds and Crypto for your best choice.
- The only thing LimeFx can offer in terms of education are video tutorials on MT4 and MT5 platforms.
- The Forex and CFD Standard account offers negative balance protection and commission-free trading, unlike the commission-based Forex ECN alternative, where negative balance protection does not apply.
- Based on our finds, the average spread for EUR USD is 0.5 pips with all costs included, and ECN account for active traders features raw spread plus $3 commission per lot.
- This website is using a security service to protect itself from online attacks.
- As an example, we used the purchase of Bitcoin for the amount of $2,000.
Traders who register a real account with LimeFx are not offered either a first-time sign-up bonus, a deposit bonus, or a welcome bonus. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. We have scanned fees (minimal spreads) that LimeFx charges when trading popular currency pairs, here is their breakdown in pips. The daily deposit limit is set at $100,000 and withdrawals capped at $25,000.
Deposit fees and deposit methods
We estimated the selection of investment products on LimeFx as excellent and the commissions as average in the market. The size of the swap depends on the interest rates of the central banks that issued the currencies in the currency pair. In case of positive swap, a certain number of points is accrued to the account, and in case it is negative – the points are written off the account. 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!
How do I make a deposit and withdrawal with LimeFx?
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. The third step is Account Settings, where you specify the account type, security word, and set up leverage. Please note that you can open any type of account during registration, and then, in your personal account, you can open a different type of account, if necessary.
LimeFx Customer Support
Copy traders can diversify via the proprietary J2T Copy service, which requires a low minimum capital requirement of $100. LimeFx also features in-house managed investment portfolios, available from a $250 minimum investment and a minimum investment period between three to twelve months. Trading with a regulated broker will limit the potential for fraud and malpractice.
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. However, I personally prefer the MetaTrader https://limefx.biz/ platforms as I feel that they are the most user-friendly. 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.
They differ in such ways as the depth of their market analysis, access to sophisticated indicators, and platform-based trading costs. LimeFx is a regulated online broker offering a wide range of products, services, accounts and trading platforms. They provide global traders with competitive trading conditions and fees. LimeFx provides all the basic services, features, and tools for a trader, investor, and financial institution to have a successful trading experience. In our review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms.
A dedicated specialist from the customer support will be able to advise you on the instruments used for creation of these portfolios. The above information is applicable to MT-5 Global account types, while there may be differences for Forex-ECN account types. For long-term investment, many professional traders choose trading towards positive swaps. 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.
For instance, Avatrade and LimeFx provide the same trading instruments and minimum deposit requirements, and high liquidity to their customers. To sum up we can say that both are trustworthy brokers however there is an edge to Avatrade over LimeFx brokerage services. MetaTrader 5 – MetaTrader5 trading platform is
a perfect choice for an active trader. The platform enables trading in the
single-window mode on major stock and futures exchanges and the Forex market,
making transactions with stocks, currency, futures and CFDs.
In fact, a whole book can be written about the multiple functions of QTrader platform. However, this is not the purpose of limefx scammers our review, so let’s move to CQG Desktop. The information is divided by tabs (2), which correspond to the account type.