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Two-factor authentication is available, but not on all resources of the broker. By default, you can access your account using simplified login procedure without two-factor authentication. The size of the swap depends on the interest rates of the central banks that issued the currencies in the currency pair.
The global social network, WhoTrades, allows traders to construct a personalized feed and discuss ideas, companies/securities, news, and strategies of interest. The service is also accessible to all, not just LimeFx clients. Importantly, the paper trading account lets you test the broker’s platforms and tools before committing real money. CQG gives direct access to over 40 global markets and products, including futures and options. This drops to as low as $0.0025 per share for accounts trading in volumes of at least 500k shares a month. LimeFx Online Ltd provides customers with direct access to the major world stock and currency markets.
Contact us directly for further inquiries about our products and services. The rest of this review will go into greater detail regarding the offerings, accounts, and conditions available from LimeFx. Customer service is reported to be very friendly and helpful, and we found that to be the case when we contacted them to answer some basic questions regarding the accounts at LimeFx.
LimeFx offers customer service on a 24/7 basis, better than what you’ll find at most other brokers. Customer service can be contacted via an online chat function, through email, or via telephone. LimeFx offers all the usual deposit and withdrawal methods you’d expect, such as wire transfers, credit cards, PayPal, and online web wallets like Skrill and Neteller. With the exception of wire transfers, funding is immediate for other funding methods. Withdrawals are just as clear, with most withdrawal methods taking 2-3 business days. The exceptions to this are Skrill and PayPal, which fund within the same day, and credit card withdrawals, which post within 5-10 minutes.
Deposit Options
With that being said, it still does not mean that LimeFx is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions. Those who already have some trading experience can opt for the Forex ECN account, which delivers the greatest execution speed and extremely low spreads that begin at 0 pips. Note that there is a commission on the ECN account, which is $3 per lot or less. LimeFx offers direct market access through third party DMA platforms like Sterling Trader Pro. 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.
Read the risk disclaimers on the LimeFx website and seek independant advice. The minimum amount required is USD 100/EUR 100 and users pay a commission only for results. This can be a possible solution for those of you who do not have the time or knowledge to trade. I personally prefer to trade manually using my own strategies as I like to know when and why a trade was taken. This way I can discover what works for me and areas in which I can improve.
I was also disappointed in the platform’s lack of research tools. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Type “LimeFx online LTD CySEC” into Google, and the broker’s accreditation will limefx courses scam appear. You can also search for the broker’s name in the respective regulator’s digital register. There may be a welcome bonus of up to $2,000 when signing up for a LimeFx Online LTD pro account, depending on your location.
IPO – this section contains data about the shares of the companies that are about to go public. The third step is Account Settings, where you specify the account type, security word, and set up leverage. The customer chooses the amount on the demo account during the procedure of demo account opening. The entry is allowed to Russians, Ukrainians, Belarusians and residents of many other countries. The broker assures that residents of nearly all countries can open accounts.
Languages and operating hours of customer support:
Real-time quotes are available, and so are charts with technical studies. I was disappointed in the lack of equity trading on this platform, however. All contents on this site is for informational purposes only and does not constitute financial advice.
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 .
Swaps on Forex
You can see how the signals are sent and the examples of previous signals on the page by clicking on “Check Previous Ideas”. The line of financial products for passive income is a very strong suit of LimeFx. What makes LimeFx special for stock market trading is ‘customization’ or expandable list of shares. 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. However, this does not mean that the broker does not care about the security of data of its customers, because after simple login , you will be able to only download a trading platform. All other important actions , will require additional confirmation .
- Margin rates are subject to change and vary according to the margin balance, but indications are that LimeFx could be a cost-effective option for investors who plan to make regular use of margin.
- Traders who would rather use a desktop program should check out LimeFx Pro.
- The company is a FINRA registered broker-dealer and a member of the SIPC and NFA.
- LimeFx gives its clients access to all the asset classes you would expect from a modern online broker.
- Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
LimeFx has great leverage and very tight spreads, which opens up great opportunities for earning. We have scanned fees that LimeFx charges when trading popular currency pairs, here is their breakdown in pips. Mostly very basic explanations of trading styles and platform help.
On the Forex and CFD Standard accounts, the broker uses a small spread on top of the market spread as a commission. 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. At that, the commissions on trading stocks of EU companies are high. This account is for professional traders, trading through one of the most powerful and modern platforms for Forex and MetaTrader 5 stock exchanges. Spreads on this account type start from 0 pips with a $2 per lot commission charged.
Customer Support
The transaction fee might not tell you that, though – at 0,35% per transaction, it might seem mediocre, at best. However, this is where you should make sure to read the small print – it’s 0,35%, FLAT! What this means is that the fee is fixed, and won’t be changing around due to some trading volume or any other circumstance.
Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved.
Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal. We do endorse LimeFx for active stock, options, and futures traders due to the company’s effective trading technology and low commission schedule. Clients who place a large number of stock trades every month of less than a thousand shares will save a tremendous amount of money compared https://limefx.biz/ to very low-cost brokers like Schwab and Fidelity. 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. MetaTrader 5 is offered with the MT5 Global account and can be used as a desktop, mobile, or web app.