LimeFx Broker Review 2024: Pros, Cons and Pricing

While using LimeFx, our team were impressed with the breadth of trading tools and extra services. Sterling Trader Pro is a direct-access limefx scammers platform for equities and options. The options chain also highlights in-the-money options for faster decision-making.

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Importantly, we find both platforms easy to use with a sophisticated design and a customizable workspace. The Forex Standard account offers commission-free trading with spreads from 0.5 pips. This is noticeably tighter than the variable spread accounts at the majority of brokerages. Our research shows that the MT5 Global account is best for experienced traders.

Markets & Assets

Unlike some brokers,LimeFx’s 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’s commission structure may beattractive to cost-conscious traders. They offer a wide range of assets, andtheir minimum deposit requirements are relatively low. Additionally, theyprovide a greater selection of trading platforms than many other brokers. LimeFx offers a wide range of tradable instruments, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks.

MetaTrader 5

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 caters to active traders with competitive pricing for those who trade in high volumes. The company is a FINRA registered broker-dealer and a member of the SIPC and NFA.

• Instead, I spent hundreds of dollars a month gobbling the goo of the goo-roos.
• Traders placing a high volume of positions will also find the fees very reasonable.
• It is useful if you don’t have the time or knowledge to make your own trades, though there is no guarantee you will make money.
• Finding the correct broker and subscribing to the right education program took me a long time.

Shorting Stocks

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. 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. Each day our team does live streaming where we focus on real-time group mentoring, coaching, and stock training.

You get real-time streaming data and analysis and level II market data. Also, the layout is customizable, with over a dozen widgets available to open or close anytime. For example, widgets include charting, orders, basket orders, option chains, market depth, news, stock info, and watch list windows. LimeFx ensures its traders have a robust set of tools at their disposal.

The Forex ECN account offers ultra-tight spreads from 0.0 pips, although a low commission of up to $3 applies. Again, this fares well with many firms that charge a commission of $3.50+ on their ECN solutions. 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. 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.

Developed by software company MetaQuotes, MetaTrader is one of the most popular trading platforms, used by millions of traders worldwide. It is known for its user-friendly interface and implemented trading tools. MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The mobile apps and web platforms are useful for those who wish to trade whilst on the go from anywhere at any time.

To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. Our evaluation of LimeFx shows there are limited trading promotions for retail traders. This is common in the online trading industry, and while it may be a disappointment to some investors, we do not rank LimeFx down for this. Our team don’t recommend traders choose a broker based on sign-up bonuses.

The Bullish Bears team focuses on keeping things as simple as possible in our online trading courses and chat rooms. We provide our members with courses of all different trading levels and topics. We could charge more, but we have a pay it forward, give back mentality. We want to feel good about what we do, and the results and reviews speak for themselves. Also, we provide you with free options courses that teach you how to implement our trades as well.

For any beginner trader, it can seem very overwhelming, and they might opt out and pick another, simpler-looking exchange, instead. First of all, you’ll need to provide your full legal name again, your country of birth, and your nationality. The transaction fee might not tell you that, https://limefx.name/ though – at 0,35% per transaction, it might seem mediocre, at best. However, this is where you should make sure to read the small print – it’s 0,35%, FLAT! What this means is that the fee is fixed, and won’t be changing around due to some trading volume or any other circumstance.

It should be mentioned that during the registration process, we experienced technical issues. Which is why the registration process gets a low rating from us. Free weekly mailout on major world events that have an impact on the quotation of the securities of companies worldwide. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. No – LimeFx does not accept clients from the United States. This is due to regulatory restrictions and additional requirements.

Finally, for experienced traders, there’sthe MT5 Global account. This provides access to the MetaTrader 5 platform,spreads starting at 0 pips, and a commission of $2 or less. Investors on LimeFx can put money into investment funds that are managed by other users. 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.

I like this account because it has the lowest spread on MT4 which is important for my automated scalping systems. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. LimeFx offers an array of trading accounts and platforms, plus low spreads and commission charges. The brand is also available in various countries around the world.

There is also a trade ticket, which offers market and limit orders on close. The duration of an order can be set to day, GTC, or extended hours. Pricing on options is also divided between the two schedules. Derivatives on the per-trade plan cost 50¢ each plus the $2.50 base. Option trades cost 75¢ per contract, with a $1 minimum order. After 100,000 contracts in a month, the broker charges just 50¢ per option.