In the United States is licensed and regulated by both the Commodity Futures Trading Commission and National Futures Association(NFA). The discount broker is also a member of the Securities Investor Protection Corporation (SIPC) that insures the investor funds deposited with LimeFX for up to $500,000. The discount broker further provides limited ETF-related educational and research reports. They have a regulated fee that doesn’t exploit the registered users. The desktop trading platform makes use of images, pins, and phrases for better security of the user and its information.
LimeFX Rating & Review by Top10StockBroker
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. LimeFX’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads. LimeFX offers a suite of limefx review tradable instruments, catering to traders with different all kinds of preferences and methodologies.
LimeFX Trading Platforms
However, while LimeFX has taken the step of elevating its users’ trading experience, it still has much to do to stand shoulder-to-shoulder with the best brokerages. Automated clearing houses deposits are free and so are withdrawals. The daily deposit limit is set at $100,000 and withdrawals capped at $25,000. It allows investors to have access to markets without actually trading on their own.
Pros & cons of LimeFX
This might lead to the potential generation of revenue limefx forex broker through investment fund management. The traders and clients of LimeFX can use the mobile platform. Quotes and real-time charts are available with technical studies. Another direct access provider is CQG, which allows exposure to over 40 world exchanges and combines futures and options trading. The CyprusSecurities and Exchange Commission (CySEC) regulates the broker (license number281/15).
Trust and safety remain paramount for investors in the complex world of finance.
- LimeFX requires a $3,000 account minimum for trading withthis platform.
- In our review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms.
- This provides access to the MetaTrader 5 platform,spreads starting at 0 pips, and a commission of $2 or less.
However, those craving advanced features might yearn for more than what the broker offers. In other words, LimeFX is for the pragmatic trader seeking simplicity and efficiency. All the above are broker-assisted plans and also include an additional fee of $20 per trade. However, LimeFX lacks traditional filters and tools since it caters more to traders who do higher-volume trading.
The brokerage offers Basic and Pro accounts, ensuring that both trading enthusiasts and seasoned investors find an accommodating trading environment. The broker offers various methods for account funding, including bank transfer, Bitcoin, credit/debit card, crypto, Neteller, POLi, PayPal, Skrill, and iDeal. However, most withdrawals are charged 0.20% – 2.5% of the withdrawal amount. LimeFX delivers varieties of accounts depending upon the Traders’ financial requirements. A customer needs to have a minimum balance of $2500 to start trading. LimeFX offers 24/7 customer service,which can be contacted via online chat, email, or telephone.
However, traders should pay attention to potential charges by individual payment channels. The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders. The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone. Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for. Different account types are available for different trader types. For traders that wish to only trade CFDs and FOREX pairs, there’s a dedicated account.
Broker maintains up to 14 different types of user accounts on its platform. It provides market access instantly and allows operating and investing in assets, and control account status and withdrawal. This prevents the hassle of trading on the computer all the time. Other platforms for trading include Sterling Trader Pro, which has option tools and shows real-time market data as well. Being used for more than thirty-five decades in the financial industry, it has gained an excellent reputation and stands at a standard place in the trading platforms. LightspeedTrader – Lightspeed Trader is designed forprofessional traders who prioritize real-time market data, low latencyexecution, and advanced order types.
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