Each of these apps can be downloaded for free from the Apple App and Google Play Stores. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. In our assessment, LimeFx is best for active forex traders looking for ultra-tight spreads with ECN pricing and fast execution speeds. Our evaluation of LimeFx shows there are limited trading promotions for retail traders. This is common in the online trading industry, and while it may be a disappointment to some investors, we do not rank LimeFx down for this.
Trading Hours
Our only complaint is that while this broker offers negative balance protection on their Standard account, it is not available on the other trading accounts. This means clients can lose more than their account balance if the markets move against them. Yes, LimeFx offers demo accounts and setting it up is very simple and easy. The broker https://limefx.vip/ immediately gives you access to an MT5 user id and password for the web, desktop and mobile app separately along with $100,000 in virtual funds. However, traders should pay attention to potential charges by individual payment channels. The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders.
Recent LimeFx User Reviews
- Additionally, the broker charges withdrawal fees which vary depending on the method you choose.
- In a world full of trading possibilities, LimeFx is a solid choice for investors seeking a seamless blend of affordability and top-notch trading platforms.
- For now, it’s worth mentioning that MT5 (otherwise known as the MetaTrader5) is the more-advanced version of MT4 – the most popular and well-known trading interface, to date.
- If investors successfully pass both steps, they receive access to a funded real-money account and can trade on the firm’s capital (a monthly subscription fee applies).
LimeFx offers a wide assortment of markets and instruments, including stocks (both US and international), ADRs, ETFs, futures, commodities, futures, options, forex, and bonds. IPO investing, robo-advisors, and individual investment portfolios are also available, as well as leveraged CFDs. On the other hand, there’s a 2 USD commission per traded lot per side. The available trading platform is MetaTrader 5 with a minimum initial deposit of 100 USD. There are 50 currency pairs available for trading on this account in addition to indices and commodities. Brokerage commission equals 0.006 USD per share on US stocks and commissions start from 1.5 USD per trade.
Seamless Financial Transactions
Commissions on withdrawals vary, with the highest coming in at 2.8%. FINAM Bank and China UnionPay are free, but only ECN accounts are able to use credit cards free of charge. Keep in mind that your bank may also charge fees for transactions. LimeFx+ is a browser-based platform that requires no software download.
You’ll see how other members are doing it, share charts, share ideas and gain knowledge. The LimeFx minimum deposit amount to open an account is $100. However, a minimum balance of $2,500 is required to begin trading. Also, the minimum amount to open a future or margin account is $2,500.
Note, all clients must be 18 years of age or older to open an account. On the downside, to manage limefx official site all of these from the same interface, a trader will need to use a third-party application.
Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks. LimeFx recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. With its regulatory oversight, LimeFx offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers. In other words, LimeFx is for the pragmatic trader seeking simplicity and efficiency.
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). Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges. These can only be traded on the broker’s proprietary trading platforms where LimeFx Pro charges $2.50 per trade but are commission-free on the LimeFx lite platform.
Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. Incorporated in 2006, LimeFx is an online brokerage launched by Success Trade Securities.
What this means is that the fee is fixed, and won’t be changing around due to some trading volume or any other circumstance. The Bullish Bears team focuses on keeping things as simple as possible in our online trading courses and chat rooms. We provide our members with courses of all different trading levels and topics. Our content is packed with the essential knowledge that’s needed to help you to become a successful trader. If you’ve looked for trading education elsewhere then you’ll notice that it can be very costly. Also, we provide you with free options courses that teach you how to implement our trades as well.
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. In this section we’ll show you how to open a live trading account with LimeFx.