LimeFx offers MT5 through its MT5 Global account, available indesktop, smartphone, and web app versions. Unlike, the traditional “discount” brokerage firms like TD Ameritrade and Scottrade, LimeFx has very little infrastructure, opting for a more lean business to justify their low fees. They offer no advanced https://limefx.biz/ trading platforms, research, or on-demand customer service that a traditional discount brokerage firm would. LimeFx offers its users a wide selection of assets to purchase and trade, in addition to 5 of the main cryptocurrencies. The brokerage is secure and reliable, and is certified in the US, EU, and UK.
- Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process.
- LimeFx have a variety of 20+ convenient methods for depositing and withdrawing funds from your trading account.
- At $2.50 per equity trade, they are undercutting all of their competition and positioning themselves as the value brokerage.
- There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips.
REAL-TIME STOCK ALERTS SERVICE
Spreads on this account type start from 0 pips with a $3 per lot commission charged. I like this account because it has the lowest spread on MT4 which is important for my automated scalping systems. LimeFx offers traders a robust customer support infrastructure. The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative.
Commission-free plan:
Naturally, we’ll also talk about the less-positive sides of the platform, too. If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by LimeFx and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare LimeFx with the top 3 similar brokers that accept traders from your location. You can select your base country when you sign up for a new account.
LimeFx Forex and CFD Standard Account
Clients must allocate a minimum of £100 to take advantage of this feature. There are also robo-advisor and individual investment portfolios, where traders can determine the profitability potential of each position and limit any losses on their investments. Online APIs, such as REST API, support the integration of additional features to the standard broker experience.
Comprehensive Assistance for Traders
The Bullish Bears trade alerts include both day trade and swing trade alert signals. These are stocks that we post daily in our Discord for our community members. Brokers brag about their rates, like chat rooms claiming to help thousands of traders. Finding the correct broker and subscribing to the right education program took me a long time. LimeFx provides a demo for each of the platforms to help you choose. For example, the company offers Sterling Trader Pro, Etna Trading Platform, OEC Trader, and CQG Trader.
Type of Broker
LimeFx offers direct market access through third party DMA platforms like Sterling Trader Pro. Anyone can access a demo of their trading platform at demo-trading.LimeFx.com without an account or application. LimeFx’s minimum initial deposit is somewhat for the industry at $2,500. Once an account is opened, clients must maintain a balance of at least $2,000 or else their capability to trade ceases until they deposit more money. Withdrawal fees vary by quite a bit, and usually depend on two separate factors – the exchange itself, and the blockchain of a specific cryptocurrency that you want to withdraw. LimeFx offers an excellent range of deposit options to suit traders in different regions.
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. Their website is well-organized, withinformation readily accessible for prospective traders. Unlike some brokers,LimeFx’s scammed by limefx account types are defined by the type of asset traded – forex,stocks and options, futures, or CFDs. They offer a few account types withdiffering market access, fees, and commissions. LimeFx offers a wide range of tradable instruments, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks.
This drops to as low as $0.0025 per share for accounts trading in volumes of at least 500k shares a month. Many of the available trading platforms like MT4 and MT5 have a web platform, which runs through a browser and does not require any downloads. That being said, there are sometimes desktop versions available for which a download would be required. In addition, professional traders can benefit from a bonus of up to £2,000 when topping up funds in their accounts. Virtual accounts are excellent for beginner investors, as well as more experienced clients looking to test a new trading strategy. Rates, terms, products and services on third-party websites are subject to change without notice.
Stock traders will also find a suitable account, but let’s dive deeper and uncover more details. LimeFx offers both investment and market speculation opportunities to its clients. In our assessment, LimeFx is best for active forex traders looking for ultra-tight spreads with ECN pricing and fast execution speeds.
They also extend their reach to cater to queries during extended hours. LimeFx has solid trading platforms and competitive commission fees. For traders who require a more robust platform, LimeFx offers several options. The brokerage recommends the platforms according to the type of security traded. And under the categories of “stocks,” “options,” “futures,” and “apps,” LimeFx lists the ideal platforms.
In other words, LimeFx is for the pragmatic trader seeking simplicity and efficiency. It’s important to treat day trading stocks, options, futures, and swing trading like you would with getting a professional degree, a new trade, or starting any new career. The LimeFx minimum deposit amount to open an account is $100.
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. 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.
