LimeFx Review 2024 Expert View On Stocks & Options Broker

For long-term investment, many professional traders choose trading towards positive swaps. To help understand LimeFx commissions on each available market better and unify information, we will calculate the size of the commission on each market, using real examples. For example, we will calculate how much a trader will have to pay for a USD 5,000 lot. Also, in the course of the review, we will compare LimeFx commissions with competing European brokers – Swissquote and Degiro. The company has offices in eight countries, servicing the accounts of 155,000 customers in total (as of the time this review was being prepared).

  1. Read the risk disclaimers on the LimeFx website and seek independant advice.
  2. The platform offers clear market data and graphs, though we particularly rate the Excel output option and economic calendar, which are useful for planning trades.
  3. I think they can be a good choice for anyone who is looking for convenient trading in a regulated environment.
  4. However, those craving advanced features might yearn for more than what the broker offers.
  5. The per-share commission drops to 0.15¢ per share for accounts that can trade more than a million shares per month.

We aren’t impressed with the additional trading features available. Based on our evaluation, there aren’t many forex tools to improve the trading experience. The key benefits of this system are the tight spreads and fast execution speeds, which come in as low as 50 ms based on our evaluation. This makes the firm a good option for active forex traders and scalpers in our opinion.

On a more positive note, our tests show that withdrawal times are in line with competitors, varying between payment methods with e-wallets being instant and bank wires taking up to 5 days. Our review shows LimeFx scores less favorably when it comes to withdrawals. Not all deposit options are available – bank transfers, card payments and some e-wallets such as PayPal are supported. However, we are disappointed to find that there are fees for depositing in ECN accounts, the amount of which varies depending on the method you use. There are also withdrawal fees with this account, reducing its appeal.

Ryan is a day trader with over a decade of market experience ranging from basic investing to active day trading. Over the years, he has tried tons of trading services and aims to educate other traders so they can make the smartest decisions. New York residents can also walk into the broker’s offices at One Penn Plaza in New York. LimeFx maintains up to 14 different types of user accounts on its platform. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process.

LimeFx Review: A Forex broker with numerous tradable instruments

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. We have not discovered any confirmed facts or scandals that blemish the broker’s reputation. The regulators of other countries, for example British FCA, where LimeFx ONLINE LTD offers its services, are aware of its operation. Noteworthy, compared to cryptocurrency exchanges, the brokers offer worse conditions. To start trading, a trader needs to have $3,000, while the brokerage commission is from 0.125% of the transaction volume, but no less than $10.

According to our analysis, the majority of LimeFx customers come from Russia and its neighbor countries. With the per-share plan, equity trades are 0.25¢ per share, with a minimum commission of 50¢. The per-share commission drops to 0.15¢ per share for accounts that can trade more than a million shares per month.

LimeFx Review

LimeFx offers a wide range of trading instruments with sophisticated platform features catering to both trading newbies and market veterans. The platform’s commitment to user-centric solutions is evident in its diverse account types and focus on creating a practical demo trading experience. Furthermore, its reliable customer support and streamlined deposit and withdrawal methods reinforce its reputation.

In addition, we’ll guide you through account opening step-by-step. The minimum amount required is USD 100/EUR 100 and users pay a commission only for results. This can be a possible solution for those of you who do not have the time or knowledge to trade. I personally prefer to trade manually using my own strategies as I like to know when and why a trade was taken. 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.

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This is relevant for the citizens of the countries, where address registration is mandatory by the law. Then, the system will copy trades based on the original strategy to the customer’s account, charging a percentage as a commission for the strategy manager. The information about IPO is updated regularly on the website and the customers have access to purchase shares before they are in free circulation at the exchange. What makes LimeFx special for stock market trading is ‘customization’ or expandable list of shares.

People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. If you have experience trading with LimeFx please share your personal review of scammed by limefx 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.