The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. I think they could improve further by adding support for some more currencies and crypto deposit like Coinexx. Using free market research of Lime Fx’s experienced analyst team, clients get the opportunity to create their own investment strategies.
- These are stocks that we post daily in our Discord for our community members.
- On the downside, to manage all of these from the same interface, a trader will need to use a third-party application.
- This is a good indication that the brand is a large, legitimate brokerage.
- An investor could potentially lose all or more of their initial investment.
- Support is available 24/7 which stands up well against competitors we have tested.
They offer the MetaTrader 4 (MT5), MetaTrader 5 (MT5), CQG & ROX platforms. I think all of the platforms are excellent for anyone looking to analyse the markets, place and manage positions. 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. SterlingTrader® Pro – SterlingTrader® Pro is aprofessional-grade trading platform designed for active traders.
Is Lime Fx a good broker?
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. The web-based platform also has limefx a clean and intuitive interface that displays total profit and loss, plus charting functionality.
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The purpose of the ICF is to secure the claims of covered clients against ICF members through the payment of compensation if the necessary preconditions are fulfilled. The broker puts great emphasis on Anti-Money Laundering (AML), Counter Terrorist Financing (CTF) and Know-Your-Customer (KYC) measures. Yes – Lime Fx is a legitimate brokerage registered with several respectable regulators and financial authorities, including the CySEC, NFA, FINRA, and Bank of Russia.
Lime Fx offers an excellent range of deposit options to suit traders in different regions. This drops to as low as $0.0025 per share for accounts trading in volumes of at least 500k shares a month. The rest of this review will explore theofferings, accounts, and trading conditions available from Lime Fx ingreater detail. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements.
Lime Fx’s mobile applications also offer a PIN or fingerprint authentication. In addition, the company uses an external account verification system, alongside Plaid to authenticate a client’s bank and brokerage accounts. Importantly, the paper trading account lets you test the broker’s platforms and tools before committing real money. CQG gives direct access to over limefx scam 40 global markets and products, including futures and options. The brokerage also provides access to several third-party platforms, including Sterling Trader Pro, CQG, ROX, and the iBroker mobile app, with access to demo versions. In our assessment, Lime Fx is best for active forex traders looking for ultra-tight spreads with ECN pricing and fast execution speeds.
REAL-TIME STOCK ALERTS SERVICE
This way I can discover what works for me and areas in which I can improve. Other brokers with managed accounts to consider include Key to Markets. CQGTrading Platform – CQG offers access to over 40 globalexchanges, providing market data and order routing for futures, options, andtheir combinations. While thebasic desktop CQG platform is free, there are charges for upgraded features anddata packages. Lime Fx requires a $3,000 account minimum for trading withthis platform. The Forex demo account at Lime Fx isdesigned for traders who are new to forex markets.
How To Make A Deposit
Our chat rooms will provide you with an opportunity to learn how to trade stocks, options, and futures. You’ll see how other members are doing it, share charts, share ideas and gain knowledge. Additionally, Lime Fx offers a few mobile apps, including an advanced app for iOS and Android devices and a swipe app. Likewise, the firm offers an iBROKER Mobile App for futures traders.
There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips. Let’s compare the fee policy with other brokers to better understand the difference. In this section we’ll show you how to open a live trading account with Lime Fx.
Final Thoughts: Lime Fx Review
The brokerage also offers FIX (Financial Information Exchange) and REST (Representational State Transfer) APIs. Match any two of these requirements to qualify as a professional client. You can keep track of current economic data using the provided Economic Calendar. You can see previous, forecasted and actual results of each economic release. The broker provides the latest market news from the world of economics and finance. They have a section of their website dedicated to frequently updated news articles.
Although there are companies with lower minimum deposits, this is still a reasonable amount. MetaTrader and CQG have intuitive mobile apps that Lime Fx clients can access for free. These provide many of the same features you would find on the desktop and web versions but they allow traders to invest from wherever they are in the world. Each of these apps can be downloaded for free from the Apple App and Google Play Stores. Lime Fx is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. Brokerage commission equals 0.006 USD per share on US stocks and commissions start from 1.5 USD per trade.
All deposits are free with the MT5 Global and Standard accounts, except Alph-bank which charges a 2.5% commission. ECN accounts incur a 2.25% to 3% commission; Trustly and UnionPay are free to use. As for speed, most transfers are instant, with bank wire taking 2-5 business days.