No commission is charged on deposits in cryptocurrency, while the speed depends on the peculiarities of blockchain, although the broker claims ‘instant funding’. You will be provided with a login to the demo account, which is a simplified version of the real personal account. Individual portfolios is an offer to invest in one of five portfolios created by LimeFx. A dedicated specialist from the customer support will be able to advise you on the instruments used for creation of these portfolios. In the table below, we compared the broker’s instruments with the competitors, although some positions cannot be properly compared, as the brokers provide data in different formats.
- Incorporated in 2006, LimeFx is an online brokerage launched by Success Trade Securities.
- The broker also offers a range of trading platforms, like the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
- However, while LimeFx has taken the step of elevating its users’ trading experience, it still has much to do to stand shoulder-to-shoulder with the best brokerages.
- Furthermore, stocks and options are priced according to two different plans.
- Traders can speculate on a modest selection of the largest cryptos by market cap including Bitcoin.
The maximum number of available Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type. In this review of LimeFx, we’ll discuss the broker’s safety policies and regulations, trading platforms, account types, trading fees, and more. In addition, we’ll guide you through account opening step-by-step. Trading Central is an award-winning fusion of automated analytics & analyst research that has been supporting traders since 1999 and is available in 32 languages.
Swaps on Forex
LimeFxr, the deep discount broker, has throughout the years been awarded and recognized for its contributions to the online brokerage industry. These can be traded on both the proprietary and third-party trading platforms and their fees are commission-based. LimeFx fails in a few areas, not least of which is customer service.
Markets and products
LimeFx clients can buy and sell futures contracts on a mobile platform called iBROKER. It is capable of integrating with Twitter and saving a watchlist. 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. LimeFx offers several platforms and doesn’t charge a dime for any of them. We don’t care what your motivation is to get training in the stock market.
This is due to regulatory restrictions and additional requirements. Finally two-factor authentication is enabled while the desktop platform requires limefx review user credentials (username, password) as well as a security phrase/image and pin. Keep an eye on the broker’s website to stay abreast of new deals.
We put all of the tools available to traders to the test and give you first-hand experience in stock trading you won’t find elsewhere. We will help to challenge your ideas, skills, and perceptions of the stock market. Every day people join our community and we welcome them with open arms. We are much more than just a place to learn how to trade stocks. What we really care about is helping you, and seeing you succeed as a trader. We want the everyday person to get the kind of training in the stock market we would have wanted when we started out.
Our LimeFxr broker review indicates that the brokerage and its trading platforms feature a host of market analysis tools to trade. There also are a host of educational, research, and news resources to help both beginner and expert traders understand and navigate the stock markets. LimeFx is regulated in Cyprus, offering more than 30,000 instruments for trading.
You have the option to trade stocks instead of going the options trading route if you wish. First, I needed an honest, realistic, and affordable education in the stock market. I needed to determine the type of trader I’d be before choosing the right broker.
What did our traders think after reviewing the key criteria?
We are opposed to charging ridiculous amounts to access experience and quality information. Investors cannot purchase shares of LimeFx because the company is privately held. Instead, I spent hundreds of dollars a month gobbling the goo of the goo-roos. Add to this paying for expensive software while I was supposed to learn how to succeed as a trader.
Now, this is one of the more-interesting user LimeFx complaints that you might come across.
It was great to see that support is available on weekends as this is not something that all brokers offer and helps them to stand out from the competition. I was pleased to see that the broker gives you professional analytical assistance with high-quality research that covers most financial markets and instruments worldwide. This can be an excellent way to improve your knowledge of the markets and your trading strategy. For traders adhering to Islamic finance principles, the broker offers an Islamic (swap-free) account, aligning with Sharia guidelines.
A margin account requires a minimum balance of $25,000 to qualify for the Per Share Plan. LimeFx provides a demo for each of the platforms to help you choose. Second, the Per Share Plan, which caters to high-volume traders, charges tiered rates per share. J2T is an excellent broker that provides all the necessary tools for quality trading. During the registration, you will be required to provide additional information and provide proof of residency along with proof of your identity for verification. You can use utility bills or bank statements as proof of residency and a government-issued ID card, passport, or driving license as proof of identity.
Nevertheless, frequent traders who won’t need much assistance can benefit from the broker’s generous stock, options, and futures commission plans. Sterling https://limefx.club/ Trader Pro is another platform that is available to LimeFx customers. Some broker-dealers charge for this, so free access is quite generous.