They also offer the CQG TradingPlatform, ROX Premium, Sterling Trader Pro, and the Lightspeed Trader platform. LimeFx offers a variety of trading products, including Forex, futures, stocks, and bonds, with stocks primarily focused on U.S. markets. LimeFx is a financial services provider operating globally and the broker is regulated in Cyprus. The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries.
Sterling Trader® Pro
Therefore, the resources LimeFx offers might be better suited to customers pursuing their own trading strategies than for those looking for ideas from fundamental reports on individual companies. Unlike most of the online brokers surveyed, LimeFx does have a minimum account size requirement, though its minimum of $2,500 should not limefx broker reviews be much of a hurdle to the vast majority of investors. On ordinary online stock trades, LimeFx offers a flat-rate commission of just $2.50. Only two of the nineteen brokers MoneyRates surveyed offered lower commission rates, and $2.50 represents of a substantial discount from the average online broker flat-rate commission of $6.05.
Methods and timeframe for deposits
At the time this article was being written (end of 2020), the Trading signals service essentially meant email notifications about potentially profitable opportunities on the financial markets. The signals are developed by the analysts of the partner (or, better, mother) company FINAM. You can see how the signals are sent and the examples of previous signals on the page by clicking on “Check Previous Ideas”. This makes it attractive for using medium-term trading strategies. For long-term investment, many professional traders choose trading towards positive swaps.
Broker Overview
Citizens of other countries can also open accounts on LimeFx provided that the broker complies with the laws and regulations of such countries. There is exhaustive information about the restrictions on the website of the Cyprus regulator, as the source. At the time when this review was being prepared, citizens of 30 European countries could https://limefx.vip/ open an account with the broker. The low minimum deposit is the broker’s advantage over such competitors as Swissquote. The procedure of opening an account on LimeFx is classic and similar to other brokers with regulation in Europe. Also, the broker allows the address registration stamp in a national passport as proof of residence.
Account transfers:
In our review, we are focusing on the European branch LimeFx LTD ONLINE. All other important actions (such as changing password, withdrawing funds), will require additional confirmation (via SMS, for example). To begin with, below is a table of the broker’s commissions on each market, excluding exchange and clearing fees. Then, we will use examples to see how beneficial they are compared to other brokers. LimeFx offers direct access to several dozen international stock markets.
The theme is dark by default and during the first login, the system offers you to discover the platform’s interface. On the sides of the workspace, there are Toolbar panels with menu and quick access buttons. The traders thus can build their own workplace that fits best with their strategy. We counted around 40 of those, including Tradingview, Sierra, Volfix, ATAS, Multicharts, Jigsaw and other products for different trading styles. After you open an account, you cannot change the base currency, but it is possible to open an additional account in a different currency. Personal account on LimeFx might not be considered to have the purest design or be as user friendly as possible, but its structure is quite intuitive.
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The broker does not charge a deposit fee on all available methods and there is zero withdrawal fee on withdrawals to the account at FINAM bank and UnionPay payment system. Account service fee is $5 per month, but it is only charged if the customer hasn’t had any trades within the specific month. Let’s review a specific example of how much a trader will have to pay for the execution of a standard lot of 100,000 units of base currency in popular trading pairs of different classes. The final figures specified in the table include the spread and all commissions and fees charged by LimeFx and Swissquote. LimeFxr, the deep discount broker, has throughout the years been awarded and recognized for its contributions to the online brokerage industry. Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges.
- We estimated the broker’s reliability as high, but not as high as possible.
- LimeFx offers beneficial conditions for trading cryptocurrencies compared to the majority of classic brokers.
- If you want to test demo accounts of different types, you can create a demo of one account, receive access to your personal account and then create a demo of another account type from there.
- Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges.
- We use dedicated people and clever technology to safeguard our platform.
The list of coins available on J2t is on the screenshot below (also support of Stellar XLM was announced). Trading and investment in crypto assets are a separate line and there is a dedicated domain for it j2tx.com, where you can conveniently buy cryptocurrency using a debit/credit card. The information about IPO is updated regularly on the website and the customers have access to purchase shares before they are in free circulation at the exchange. Let’s review how much a trader will have to pay for these sorts of services.
However, analysis, research and signals are three different things in the world of financial markets. We contacted customer support for explanation and learned that the information on the page is slightly outdated. With an MT5 Global account (this is the main type of account, which we will review in detail below), LimeFx customers can trade shares at 15 exchanges of different countries.
The broker states that the accounts are opened within one day. A manager called us within 20 minutes, we discussed all issues and questions and our account was verified in an hour. This is one of the best results in terms of quickness of account opening among the brokers with European regulation.
