The web-based platform also has a clean and intuitive interface that displays total profit and loss, plus charting functionality. Note, all clients must be 18 years of age or older to open an account. When comparing LimeFx vs Interactive Brokers, for example, the broker comes out on top in terms of options pricing. Investing.co.uk has been helping British traders find the right broker for over 20 years.
Crypto Purchases with a Credit & Debit Card / Bank Transfer
Deposits to the ECN account may also be charged a commission of up to 3% (apart from Litecoin deposits, which remain at zero commission). Currency conversion fees may apply if the currency in your bank account or on your card is different from the base currency of your LimeFx account. UK investors can access a range of deposit methods to fund their LimeFx accounts, including traditional payment solutions and cryptos. As a result, Jus2Trade scores highly in terms of payment options.
Deposit and Withdrawals
LimeFx is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. This is a special account for beginners with a lower minimum deposit amount of $100, no brokerage commission and protection against negative balance. Spreads on this account type start from 0.5 pips with no commission charged. ROX is a sophisticated electronic order management system with instant routing to exchanges, ECNs, market makers and MTFs world-wide. ROX empowers traders by providing lightning fast access to many sources of liquidity. ROX users can benefit from competition among a large number of market centres, each of which have their very own special advantages and opportunities.
Withdrawal Fee
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. This means the broker effectively acts as a middleman to give traders access to the forex market. The CyprusSecurities and Exchange Commission https://limefx.biz/ (CySEC) regulates the broker (license number281/15). LimeFx follows theEuropean Securities and Markets Authority’s (ESMA) regulatory framework andparticipates in the Investor Compensation Fund. These regulatory associationsprovide monitoring and potential protection for traders‘ funds.
These are the major asset
The broker immediately gives you access to an MT5 user id and password for the web, desktop and mobile app separately along with $100,000 in virtual funds. These can be traded on both the proprietary and third-party trading platforms and their fees are commission-based. LimeFx is a globally renowned online securities trader that best describes itself as a deep discount brokerage house. The brokerage was launched in 2006 in Washington DC by Success Trade Securities.
Importantly, these times and minimum requirements are in line with most of the industry. Although there are companies with lower minimum deposits, this is still a reasonable amount. MetaTrader and CQG have intuitive mobile apps that LimeFx clients can access for free.
There are various factors to consider when making a decision, but the safest brokers are well-regulated ones. The forex broker holds a license with the Cyprus Securities & Exchange Commission (CySEC). The company now has more than 155,000 clients in over 130 countries. This is a good indication that the brand is a large, legitimate brokerage.
In essence, LimeFx has a deposit and withdrawal structure prioritizing efficiency with no hidden costs. Such policies solidify LimeFx’s reputation in the financial trading space. Judging by standard procedures, new customers may get their accounts activated within a day, depending on the availability and genuineness of their documents. If you leave your account unused over a long period, LimeFx will charge an inactivity fee. So, you want to keep your account active and engaged to avoid withdrawal restrictions.
- Second, the Per Share Plan, which caters to high-volume traders, charges tiered rates per share.
- We know that you’ll walk away from a stronger, more confident, and street-wise trader.
- ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers.
- LimeFx offers MT5 through its MT5 Global account, available indesktop, smartphone, and web app versions.
- 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.
ROX simple yet powerful point-and-click screens enable trading in many marketplaces at the same time. Its speed, simplicity, and record-keeping abilities can help to give traders a performance edge in the marketplace. LimeFx doesn’t charge withdrawal fees, prioritizing smooth and straightforward financial transactions.
There are 64 available currency pairs for trading with this broker. However, on Forex and CFD Standard account types, there are only 48 FX pairs. Trading fees on commission-free accounts start from 0.5 pips, which is lower than what most competitors are offering. The broker provides access to trading major, minor, and exotic currency pairs. CQG Trading Platform has been inoperation for more than 35 years.
However, most withdrawals are charged 0.20% – 2.5% of the withdrawal amount. We are pleased to see that LimeFx offers a free demo account. These simulation accounts are a great way for beginners to learn more about forex trading without financial risk. They also offer traders the chance to find out if the broker suits their strategy before committing funds.
It offers single-window trading,advanced charting tools, and a depth of market feature. MetaTrader 5 is offeredwith LimeFx’s MT5 Global account and can be used as a desktop, limefx mobile, orweb app. LimeFx offers a wide range of instruments for trading, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks.
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. Overall, LimeFx is an appealingchoice for traders looking for a reputable broker with a diverse asset rangeand several platform options.
Ultimately, the educational resources are nowhere near as extensive as competitors like Pepperstone. With this in mind, LimeFx isn’t the best forex broker for new traders in our view. From on our assessment, LimeFx provides an average offering of market research. There is real-time data to help with trading decisions, including an economic calendar, market news and information on initial public offerings (IPOs). Our testing shows that both MT4 and MT5 support forex trading and provide an excellent suite of technical indicators, charts and analysis tools. Importantly, we find both platforms easy to use with a sophisticated design and a customizable workspace.