LimeFx Trading Platforms, Commission, Leverage, Features & more
Traders will have to verify the likelihood of additional charges waived by their banking institution with their chosen payment provider. LimeFx is an ECN and STP broker based in Cyprus that has been in operation since 2006 and which is strictly regulated by CySEC in offering various traders online trading solutions and services. LimeFxr, the deep discount broker, has throughout the years been awarded and recognized for its contributions to the online brokerage industry.
Additional Features
SterlingTrader® Pro – SterlingTrader® Pro is aprofessional-grade trading platform designed for active traders. It offershigh-speed execution, customizable interfaces, and a wide range of orderrouting options (including DMA, dark pools, market makers, etc.). MetaTrader 4 is offered with LimeFx’s Standard, Forex ECN, andForex ECN Pro accounts and can be used as a desktop, mobile, or web app. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor.
Commissions on investment services
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LimeFx Trading Account Features
- 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.
- We estimated the broker’s commissions as average in the market.
- It’s no wonder, really – buying cryptocurrency with a credit or debit card is probably the simplest and most-straightforward way of going about it.
- It offershigh-speed execution, customizable interfaces, and a wide range of orderrouting options (including DMA, dark pools, market makers, etc.).
- However, I personally prefer the MetaTrader platforms as I feel that they are the most user-friendly.
I am impressed how by how they incorporate a high-speed trading infrastructure with ultra-modern 100G network covering Europe, America, Asia and Russia. This allows them to maximise order execution speeds, from 0.05 seconds. They offer direct access to the markets with competitive commissions, reliable execution and maximum liquidity from their liquidity providers (LPs). limefx website Liquidity is aggregated from major banks which allows them to provide low spreads starting from just 0.0 pips. These are really top trading conditions that put them up there with industry leaders such as Pepperstone. I like how there is no dealing desk intervention as this can prevent there being a conflict of interest as there can be when using a market maker broker.
Currency conversion fees may apply if the currency in your bank account or on your card is different from the base currency of your LimeFx account. In addition to these platforms, there is also ROX, which provides access to US stocks and options exchanges. With a fee structure that will be attractive to high-volume traders and regulation by the ESMA, LimeFx provides a top-end, competitive investing service. New traders can also get started with a low minimum deposit of $100. However, like any financial undertaking, the choice of a broker should be rooted in meticulous research and informed judgment. While LimeFx’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal.
Trading accounts
CySEC regulation is quite rigorous, requiring segregated funds, KYC checks, and financial compensation schemes. The firm doesn’t accept deposits in cryptocurrencies, such as Bitcoin and Ethereum. Accounts also cannot be funded by credit card checks, traveler’s checks, money orders, or Western Union. In addition, the platform has 11 preconfigured options trade structures available, including butterflies, calendar spreads, covered calls, iron condors, and straddles. Sterling Trader Pro is a direct-access platform for equities and options.
However, I personally prefer the MetaTrader 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. That being said, the platforms built-in tools should be more than enough for most traders. LimeFx offers its customers an impressive choice of trading instruments at several dozen exchanges of the U.S., Asia, Russia, and EU. We estimated the commissions and fees on the majority of markets as low or market average.
Funding is immediate for most methods, with the exception of wiretransfers. Withdrawals typically take 2-3 business days, though Skrill andPayPal may process within the same day, and credit card withdrawals can postwithin 5-10 minutes. The rest of this review will explore theofferings, accounts, and trading conditions available from LimeFx ingreater detail. Our evaluation of LimeFx shows there are limited trading promotions for retail traders.
This is a drawback versus some competitors who offer around the clock customer support. Many of the available trading platforms like MT4 and MT5 have a web platform, which runs through a browser and does not require any downloads. That being said, there are sometimes desktop versions available for which a download would be required.
For the customers, who prefer to work via email, there are 4 subscriptions depending on the markets and frequency of newsletters. Market Buzz is another interesting solution https://limefx.group/ 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.
LimeFx would be a good choice for investors who place a lot of trades every month and want low commissions for these transactions. Many brokers don’t offer trading in futures, so the brokerage firm would also be ideal for traders who are interested in commodities or cryptocurrencies. 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.
Similar to the research section, it would be somewhat unreasonable to expect top level customer service from a brokerage firm charing half the industry rate. That being said, their customer service reputation is less than stellar. Anyone can access a demo of their trading platform at demo-trading.LimeFx.com without an account or application.
The traders thus can build their own workplace that fits best with their strategy. The benefit of CQG platform is that you can ‘link’ platforms of third-party developers to it to improve analysis and trading efficiency. MT5 Global account is the successor of the one earlier called Single Trading Account.
LimeFx offers an unusually wideselection of trading platforms compared to many online brokers. This includesthe well-known MetaTrader 4 and MetaTrader 5 platforms. Additionally, theyoffer the CQG Trading Platform (often used for futures and options trading),ROX Premium, Sterling Trader Pro, and Lightspeed Trader.
The brand offers forex, commodities, stocks, ETFs, CFDs, crypto, bonds, futures, and options. LimeFx+ is a browser-based platform that requires no software download. It comes with a customizable interface, access to US exchanges, delayed market depth data, real-time news, and detailed stock information. LimeFx+ allows you to review all your orders and shows your current portfolio and market performance. LimeFx offers access to bonds, commodities, futures, CFDs, stocks, forex, ETFs, cryptocurrency and options on its main proprietary platform, alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The firm may also be suitable for other types of investors due to the range of different trading platforms, although beginners will likely find cheaper deals elsewhere.