LimeFx: Deep Discount Brokerage Review 2023

Our experts assess minimum deposits, bonuses, demo accounts, spreads, and more. Our review indicates that traders on the platform can trade up to 90,000 futures and futures options instruments. In a world full of trading possibilities, LimeFx emerges as a solid choice for investors seeking a seamless blend of affordability and professional-grade trading platforms.

• Like stocks, these too can be traded on both their proprietary and third-party trading securities trading platforms.
• LimeFx which is owned by LimeTrading (CY) Ltd operates through its registered office in Cyprus and is authorized and regulated by CySEC.
• Other brokers with managed accounts to consider include Key to Markets.
• LimeFx offer professional customer support 24/7 via online chat, telephone and email.
• While it is disappointing to see the company isn’t regulated by the FCA, the CySEC is still a trusted financial agency and its license is a promising sign that LimeFx is legit.
• Free daily mailout of analytical reviews and forecasts for the current date.

The company is a FINRA registered broker-dealer and a member of the SIPC and NFA. While using LimeFx, our team were impressed with the breadth of trading tools and extra services. With this live account, you cannot trade CFDs on shares, stocks, futures and bonds. Traders can speculate on a modest selection of the largest cryptos by market cap including Bitcoin. On the downside, crypto trading is only available to clients from Asia which is more restrictive than many alternatives.

Account types

Personal account security on LimeFx is strengthened by two-factor authentication (2FA). The broker can also restrict account access if it believes security has been breached. Virtual accounts are excellent for beginner investors, as well as more experienced clients looking to test a new trading strategy. LimeFx is astutely discerning in its approach to account types, ensuring that both fledgling enthusiasts and seasoned veterans find an accommodating trading environment.

Another direct access provider is CQG, which allows exposure to over 40 world exchanges and combines futures and options trading. LimeFx provides an economic calendar, trading central, stock exchange forecasts, https://limefx.vip/ market analytics, trading signals, and other research materials. However, the broker does not provide comprehensive educational and learning materials, seminars, or webinars, which are crucial for beginner traders.

• Our review indicates that the brokerage and its trading platforms feature a host of market analysis tools to trade.
• It is an automated investment adviser for creating and managing an investment portfolio with minimal human intervention.
• 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.
• 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 competitive edge for LimeFx could lie in the nuances of their process, such as potentially waiving minimum deposit requirements or offering expedited approvals. Their support system is laudably multi-channel, spanning live chat, email, and phone communication. With platform versions limefx scam compatible with both Windows and Mac desktops, LimeFx ensures that traders have a comprehensive trading experience across various computing environments. Embedded within the spread, the CFD fees promote economical trading experiences for users engaged in CFD trading activities.

Desktop and Web Trading Platforms

There is an abundance of high-quality research that covers all financial markets and instruments which can help to inspire trade ideas. It is quick and easy to get started with an account from just $100. Alternatively, you can open a free demo account if you prefer to get a feel for what the broker has to offer.

Learn to Trade

Type “LimeFx online LTD CySEC” into Google, and the broker’s accreditation will appear. You can also search for the broker’s name in the respective regulator’s digital register. Importantly, profits are split 60% to the trader and 40% to LimeFx. 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. This is a hefty account promotion though there may be withdrawal terms and conditions.

Is LimeFx A Safe Broker?

The second one gives protection to securities and the cash in the brokerage account up to $500000. LimeFx enables the client’s capital management by investing in stocks of many global companies that get traded on NYSE, BATS, etc. Transfer of funds through this account takes two to three dates (approximately). They require a holding period of five days before the availability of trading control is provided.

It is a reliable firm due to its regulation in the European Union by the Cyprus CySEC. LimeFx offers over 30,000 trading instruments with spreads starting from 0 pips and a full range of powerful trading tools. LimeFx has a wide range of markets to invest in, including various securities and derivatives. Traders placing a high volume of positions will also find the fees very reasonable. LimeFx provides access to a free demo account that facilitates risk-free investing practice.

#2 LimeFx futures and futures options review

Forex trading is operationalized on a spread basis, eliminating the necessity for additional commission fees and ensuring a straightforward trading environment. There, however, are no ETF trade screeners on the LimeFx platform. The discount broker further provides limited ETF-related educational and research reports. Compare the markets and instruments offered by LimeFx and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Payment Methods

The broker has been providing online brokerage services since 2006 and are trusted by 155,000+ clients from 130 countries. They cater for retail and institutional clients with the possibility of integrating third-party trading programs through an Open API. LimeFx is an online broker that accommodates the needs of both beginner and experienced investors.

Also, they allow you to deploy a strategy of your choice, either manual or automatic through popular EAs. Higher account types may require bigger amounts of funds, especially for those traders that are professionals and will be trading through tailored solutions. LimeFx underscores its commitment to traders with a robust customer support infrastructure. The broker ensures easy accessibility during standard hours (9 – 6 EST) via a live representative, a testament to their dedication to real-time assistance. Not just confined to the standard hours, they extend their reach to cater to queries during extended hours as well.

I think this is an excellent market analysis software that could easily cost thousands as a standalone product. To evaluate brokers, we test the accounts, trading tools and services provided. 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.