LimeFx Review: Online Broker With A Low-Cost Platform

MT5 Global account is the successor of the one earlier called Single Trading Account. The broker decided to reorganize the account structure and now it is impossible to open a Single Trading Account, although open positions are still supported on them. In order to open a real account of Forex Standard type, USD 100 is enough. Robo-advisor service from LimeFx strongly resembles https://limefx.vip/ the one offered by Swissquote Bank, which we are using for comparison in this review. The list of coins available on J2t is on the screenshot below (also support of Stellar XLM was announced). Trading and investment in crypto assets are a separate line and there is a dedicated domain for it j2tx.com, where you can conveniently buy cryptocurrency using a debit/credit card.

This is a drawback versus some competitors who offer around the clock customer support. Each profile on Novoadvisor shows full transparency so investors can decide whether a strategy fits their personal needs and expectations. LimeFx offers an excellent range of deposit options to suit traders in different regions. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. You can keep track of current economic data using the provided Economic Calendar.

1. 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.
2. 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.
3. CySEC regulation is quite rigorous, requiring segregated funds, KYC checks, and financial compensation schemes.

This account is for professional traders, trading through one of the most powerful and modern platforms for Forex and MetaTrader 5 stock exchanges. Spreads on this account type start from 0 pips with a $2 per lot commission charged. CQG is available in various different high-end terminals both for investors and for speculative traders. This includes CQG Integrated Client, CQG Spreader, CQG QTrader, CQG Trader & CQG Desktop.

Inactivity Fee

Let’s review a specific example of how much a trader will have to pay for the execution of a standard lot of 100,000 units of base currency in popular trading pairs of different classes. The final figures specified in the table include the spread and all commissions and fees charged by LimeFx and Swissquote. ROXPremium – ROX Premium provides access to major USstock and options exchanges (NYSE, NASDAQ, CBOE) for market data and orderrouting. It also offers connectivity to key exchanges in Canada, Mexico, andEurope. The Forex demo account at LimeFx isdesigned for traders who are new to forex markets. It allows for practicetrading without risking real funds, offering a way to become familiar withtheir trading conditions.

The Standard and currency ECN accountsprimarily provide CFDs for currency, precious metals, andstocks/indices/energies. 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. In this LimeFx broker US review, we will be vetting the truthfulness of these claims, analyze the brokerage products and detail the nature of its services. This should help you form an opinion on the reliability of the online broker and aid your decision on whether to trust them with your cash. Yes, we work hard every day to teach day trading, swing trading, options futures, scalping, and all that fun trading stuff.

Compared to other brokers, LimeFx is significantly behind in terms of available base currencies. The navigation panel (1) is on the left side of the interface. The customer can see information about his accounts on the screen. The information is divided by tabs (2), which correspond to the account type.

Regulation and deposit protection

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, limefx broker reviews news, stock info, and watch list windows. In this review of LimeFx, we’ll discuss the broker’s safety policies and regulations, trading platforms, account types, trading fees, and more. In addition, we’ll guide you through account opening step-by-step.

Demo account

We put all of the tools available to traders to the test and give you first-hand experience in stock trading you won’t find elsewhere. We will help to challenge your ideas, skills, and perceptions of the stock market. Every day people join our community and we welcome them with open arms. We are much more than just a place to learn how to trade stocks. What we really care about is helping you, and seeing you succeed as a trader. We want the everyday person to get the kind of training in the stock market we would have wanted when we started out.

The chance to build an investment portfolio and benefit from dividends sets LimeFx apart from most CFD brokers. Traders can access a decent range of 60+ major, minor and exotic forex pairs through standard and ECN accounts with tight spreads from 0.5 and 0.0, respectively. Execution speeds are also faster than most competitors at 50ms, which will appeal to active forex day traders. LimeFx offer professional customer support 24/7 via online chat, telephone and email. 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.

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. This can be a great way to see if they will meet your specific needs. I think they can be a good choice for anyone who is looking for convenient trading in a regulated environment. Acquired recently by Whotrades Inc, LimeFx is a discount broker that is based in New York.

Also, you need to specify the type of the account you want to open. Please note that you can open any type of account during registration, and then, in your personal account, you can open a different type of account, if necessary. Before starting the procedure of account opening, you need to provide basic information (phone number, email, and full name). The procedure of opening an account is performed fully online. It is green and can be found at the top of LimeFx.online website.

On the other hand, traders are charged commissions starting from 3 USD per lot. The available platform is MetaTrader 4 (MT4) and similarly to the Standard accounts, traders have access to hedging, automated trading, and phone trading. The maximum number of available Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type. You will find that LimeFx have a great variety of flexible and powerful trading platforms suitable for all styles and levels of traders. They offer the MetaTrader 4 (MT5), MetaTrader 5 (MT5), CQG & ROX platforms.