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). For traders who require a more robust platform, LimeFX offers several options.
Should I Open An Account With LimeFX?
- With this in mind, LimeFX isn’t the best forex broker for new traders in our view.
- These simulation accounts are a great way for beginners to learn more about forex trading without financial risk.
- BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency.
- Forex hours are generally Sunday evening until Friday evening, whereas stock markets are often only open during the day, Monday-Friday.
Let’s compare the fee policy with other brokers to better understand the difference. Different account types are available for different trader types. For traders that wish to only trade CFDs and FOREX pairs, there’s a dedicated account. Stock traders will also find a suitable account, but let’s dive deeper and uncover more details. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.
A Sophisticated & High-End, Yet Simple to Use Trading Platform
LimeFX offers clients access to awide range of asset classes, including forex, precious metals, stocks, indices,energies, futures, options, and bonds. Their selection includes tens ofthousands of individual assets. For example, they offer over 30,000 stocks andmore than 90,000 option assets. Please note that full access to all assets isavailable on the MT5 account.
LimeFX Forex and CFD Standard Account
LimeFX offers a wide range of tradable instruments, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. There are more than 30,000 instruments available through various trading platforms and account types. The broker also provides a range of trading platforms including MetaTrader 4, MetaTrader 5, CQG, J2TX, and Sterling Trader Pro. LimeFX’s commission structure may beattractive to cost-conscious traders. They offer a wide range of assets, andtheir minimum deposit requirements are relatively low. Additionally, theyprovide a greater selection of trading platforms than many other brokers.
It has strong regulatory credentials, other positive user reviews, and has received a number of industry awards. In our assessment, LimeFX is best for active forex traders looking for ultra-tight spreads with ECN pricing and fast execution speeds. We have been fairly impressed with the customer service provided. Support is available 24/7 which stands up well against competitors we have tested. This copy trading tool allows traders to limefx forex broker choose an investment manager to manage their funds and make investments on their behalf.
A margin account requires a minimum balance of $25,000 to qualify for the Per Share Plan. Additionally, LimeFX is an accredited member of the Better Business Bureau with an A+ rating. Second, the Per Share Plan, which caters to high-volume traders, charges tiered rates per share. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Importantly, during our tests, the live chat was quick and easy to use with responses in less than a minute and email responses within 24 hours. With that said, there is a ‘Contests’ tab in the broker’s platform which can be monitored for the opportunity to win prizes.
Our review shows LimeFX scores less favorably when it comes to withdrawals. Not all deposit options are available – bank transfers, card payments and some e-wallets such as PayPal are supported. For instant funding, I recommend card payments, which I find easy to set up, while bank wire transfers can take up to 5 days.
Now, I’m getting a tad bit ahead of myself, but when you’ll find yourself registering on the site, you’ll have two options to pick from – either the MT5 platform, or the cryptocurrency exchange. The two are different, and represent the different features mentioned above. You can set goals such as general savings, retirement or college savings, which makes the tool user-friendly and gives you clear aims. You limefx broker reviews then choose an investment portfolio and let the robo-advisor provide advice and services.
