The brokerage was launched in 2006 in Washington DC by Success Trade Securities. Currently employs over 1200 employees and maintains offices in over eight countries including the United States, China, and the United Kingdom. In this broker review, we vet its reliability and look at how trimmed trading costs have affected this deep discount broker’s effectiveness and competitiveness. 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.
Current Promotions
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. This provides a direct connection to institutional liquidity providers with lower latency and improved fill rates. LimeFx provides a free, web-based platform that’s more advanced than most brokerage platforms.
Is LimeFx Regulated?
We rank the broker down when it comes to educational resources. There is a blog, an index of financial terms and a collection of research notes (both a subscription and a historical library). Yet while we enjoy using these features, our team finds that the depth and quality of market research don’t rival alternatives like IG Group. Yet it doesn’t offer the same user-friendly interface, or have as good a reputation as alternatives like eToro.
Building a Knowledgeable Trading Community
We teach day trading stocks, options or futures, as well as swing trading. If you’re an experienced active day trader, you may find that LimeFx has better rates than your current broker. Other things to consider include the interest they pay on your uninvested funds, the type of securities offered, the initial investment required, etc. Moreover, LimeFx + is user-friendly and a cut above many brokerage-provided platforms.
ROX is a sophisticated electronic order management system with instant routing to exchanges, ECNs, market makers and MTFs world-wide. ROX empowers traders by providing lightning fast access to many sources of liquidity. ROX users can benefit from competition among a large number of market centres, each of which have their very own special advantages and opportunities.
Judging by standard procedures, new customers may get their accounts activated within a day, depending on the availability and genuineness of their documents. Like some of its major competitors, LimeFx aims to educate its users through various learning resources. However, while LimeFx has taken the step of elevating its users’ trading experience, it still has much to do to stand shoulder-to-shoulder with the best brokerages. https://limefx.group/ LimeFx positions itself as a viable choice for traders by maintaining competitive and transparent fee structures that align with varied trading needs and preferences. LimeFx offers a suite of tradable instruments, catering to traders with different all kinds of preferences and methodologies. If your looking for a brokerage that can match the quality and service of other known brands then Justforex is a good option.
Nevertheless, frequent traders who won’t need much assistance can benefit from the broker’s generous stock, options, and futures commission plans. Our experience shows that once verified, the funds will be returned to your account instantly in the case of e-wallets and within 5 days if you choose bank wire. LimeFx processes withdrawals within 24 hours of the request being made. LimeFx is a reasonable forex broker for beginners, but not the best we have tested. The $100 minimum deposit is accessible, there is a free demo account and a copy trading app, however there is little in terms of education or beginner-friendly trading tools.
- Nevertheless, frequent traders who won’t need much assistance can benefit from the broker’s generous stock, options, and futures commission plans.
- CySEC regulation is quite rigorous, requiring segregated funds, KYC checks, and financial compensation schemes.
- The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative.
Before making financial investment decisions, do consult your financial advisor. 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. Naturally, though, this is true assuming that LimeFx supports that specific cryptocurrency (we’ll get to that in a minute). These are usually used as the deciding factor when it comes to judging a crypto exchange, at least fee-wise. 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.
It remains popular and is widely available through onlinebrokers. LimeFx offers MT5 through its MT5 Global account, available indesktop, smartphone, and web app versions. LimeFx offers its users a wide selection of assets to purchase and trade, in addition to 5 of the main cryptocurrencies. The brokerage is secure and reliable, and is certified in the US, EU, and UK. The commission fees are very low, and you’ll also be able to use the platform on all of your main devices (mobile, desktop, the web). LimeFx is an often overlooked brokerage firm that provides day traders and other frequent investors with competitive pricing and a large suite of trading tools.
Our content is packed with the essential knowledge that’s needed to help you to become a successful trader. Our watch lists and alert signals are great for your trading education and learning experience. A margin account requires a minimum balance of $25,000 to qualify for the Per Share Plan. It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
Using market research of the brokers experienced analyst team, clients can get the opportunity to create their own investment strategies. There is a range of asset management solutions for those who wish to invest their funds in global financial markets, with full control over their investment portfolio. LimeFx also offers the Try2BFunded program for those looking to become professional traders. In the first two stages of the program, traders are placed on a demo/paper account and must meet a profit target while avoiding specific drawdowns and maximum daily loss amounts.
Strangely, I was not able to delete a stock after adding to a list. I was also disappointed in the platform’s lack of research tools. 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. ForexBrokersOnline.com earns money from affiliation deals with our partners.
The firm boasts a wide range of assets, including stocks, forex, futures and cryptocurrencies, all of which can be found on the MetaTrader 4 and MetaTrader 5 platforms. This 2024 review will explore LimeFx’s services in more detail, including the price per trade, deposit and withdrawal options, and UK customer service quality. Incorporated in 2006, LimeFx is an online brokerage launched by Success Trade Securities.
These are drawn from virtually every market within the finance and securities industry including stocks, indices, currencies, and commodities. Unlike most other trading products listed here, futures and futures options trading are lightly covered in the broker’s educational resources and research reports. Our review indicates that the brokerage and its trading platforms feature a host of market analysis tools to trade. There also are a host of educational, research, and news resources to help both beginner and expert traders understand and navigate the stock markets.
Account holders get tight spreads with a very low commission rate, plus access to the powerful MetaTrader 5 platform. Although there are companies with lower minimum deposits, this is still a reasonable amount. MetaTrader and CQG have intuitive mobile apps that LimeFx clients can access for free. These provide many limefx company reviews of the same features you would find on the desktop and web versions but they allow traders to invest from wherever they are in the world. Each of these apps can be downloaded for free from the Apple App and Google Play Stores. LimeFx is a reliable multi-regulated broker registered with FINRA, NFA and CySEC.