LimeFx Review 2024 Expert View On Stocks & Options Broker

Most traders will satisfy this by sending a copy of their government-issued ID and one proof of residency document. During my review, LimeFx neither offered bonuses nor promotions; a quality partnership program exists. Besides, LimeFx is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF).

Overnight funding fees and other transaction charges, require detailed understanding on the LimeFx platform. Doing so will help you know how the fees work and how to apply them. If you leave your account unused over a long period, LimeFx will charge an inactivity fee.

The integration of LimeFx’s institutional services signifies a step towards comprehensive market exploration and diversified asset allocation. In comparison with its Russian competitors, LimeFx offers slightly better trading conditions, especially in terms of minimum deposit. Its minimum commercial size is also more favorable and so spread. In this section, the broker provides a news area that is updated and an economic calendar with all the important events of the day and that every trader should know. It also has an area, available under subscription (customers only), with a Forex Daily, Forex Weekly, World Markets Weekly, and Trading Ideas (Market Research). UK investors can access a range of deposit methods to fund their LimeFx accounts, including traditional payment solutions and cryptos.

  1. Our platform is meticulously designed to facilitate access to prominent global stock and futures exchanges, allowing for an enriched and diverse trading experience.
  2. It offers robust coverage of 75,000+ instruments to help investors broaden their trading strategies and diversify their portfolios.
  3. ROX simple yet powerful point-and-click screens enable trading in many marketplaces at the same time.
  4. Voice support in Chinese, Polish, Spanish operates regularly, during working hours on weekdays, taking into account the region’s time zone.
  5. 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.

While LimeFx’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal. So, before diving into LimeFx’s offerings, evaluate the platform based on your goals and preferences. As the financial realm continues to evolve, so does the need for superior trading tools.

Regulation and deposit protection

I tested the MT5 Global account, where LimeFx notes raw spreads from 0.0 pips for a commission of $2.00 per lot. LimeFx also makes it possible for its clients to invest and trade more than 3,000 mutual funds listed on its platforms. Like stocks, these too can be traded on both their proprietary and third-party trading securities trading platforms. Our review is nonetheless alive to the fact limefx website that the LimeFx platform doesn’t have an integrated mutual funds screener. Lime Trading (CY) Ltd provides clients with direct access to major global stock and currency markets, catering to both individuals and legal entities. Our business, banking, legal, and accounting procedures adhere to the highest European standards, aimed at minimizing investment risk and maximizing reliability and trust.

Account Minimum

We estimated the commissions and fees on the majority of markets as low or market average. At that, the commissions on trading stocks of EU companies are high. LimeFx’s commission structure may beattractive to cost-conscious traders.

Account types available for traders on LimeFx

The name on the payment processor and LimeFx account must match, as third-party payments remain prohibited by AML rules. Option traders pay $2.50 in commissions, and futures cost between $0.50 and $1.50. Swap rates are competitive, making LimeFx well-suited for strategies that last seven to ten trading days. In contrast, the actual trading fees discourage high-frequency trading or scalping. Yes, LimeFx offers demo accounts and setting it up is very simple and easy. 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.

LimeFx is a competitive broker that is regulated by a reputable body and offers an impressive range of assets that includes cryptos, options, CFDs and equities. The broker’s fee structure definitely favours high-volume traders but there is a clear focus on professional-grade tools and functionalities that are still accessible to all clients. Moreover, there are several strong additional features and a free demo account, which makes the firm more accessible for less experienced traders.

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