The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders. Account creation requires basic personal details and identity verification through a standard KYC process, typically completed within one business day. For newcomers, Lime Fx offers a demo environment with realistic market conditions to test strategies before committing real funds. Broker maintains up to 14 different types of user accounts on its platform. Copy traders can diversify via the proprietary J2T Copy service, which requires a low minimum capital requirement of $100.
If accepted you can then upload your documents to verify your identification (passport, drivers license, etc) and address (e.g. utility bill no older than 3 months). Once verified by the Lime Fx account team, you can then fund your account and commence trading. Brokerage commission equals 0.006 USD per share on US stocks and commissions start from 1.5 USD per trade.
- Lime Fx is a financial services provider operating globally and the broker is regulated in Cyprus.
- It remains unclear if Lime Fx offers the MT4/MT5 plugin or provides the services via its back office.
- Always use stop-loss orders to define exit points before entering trades, removing emotional decision-making during volatility.
- Such policies solidify Lime Fx’s reputation in the financial trading space.
As the financial realm continues to evolve, so does the need for superior trading tools. Lime Fx’s platform unfurls a tapestry of innovative features tailored to empower traders. By leveraging push notifications, traders are kept abreast of real-time market shifts and alterations in their portfolios, ensuring they remain at the forefront of every pivotal movement.
STOCK TRADING SERVICE
Lime Fx is a regulated broker in the EU by the (CySEC) Cyprus Securities and Exchange Commission. We may receive commissions on purchases made from links in this article. Our editors independently researched the information in this Lime Fx review. Instead, I spent hundreds of dollars a month gobbling the goo of the goo-roos.
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- Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose.
- Lime Fx positions itself as a viable choice for traders by maintaining competitive and transparent fee structures that align with varied trading needs and preferences.
- Trading and investing in financial instruments comes with a high degree of risk and you can lose money.
- Overnight funding fees and other transaction charges, require detailed understanding on the Lime Fx platform.
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 Lime Fx for up to $500,000. Automated clearing houses deposits are free and so are withdrawals.
Learn to Trade
This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. Using free market research of Lime Fx’s experienced analyst team, clients get the opportunity to create their own investment strategies. The broker does not offer services to the United States or any other jurisdiction where such products or services are not permitted.
Deposit and Withdrawals
If you leave your account unused over a long period, Lime Fx will charge an inactivity fee. So, you want to keep your account active and engaged to avoid withdrawal restrictions. Transfers in from one account – say the IRA – to the account are free. Still, it adds that it does not accept clients from countries or « territories where such distribution would be contrary to local law or regulation. » During my review, Lime Fx neither offered bonuses nor promotions; a quality partnership program exists. Free weekly mailout on major world events that have an impact on the quotation of the securities of companies worldwide.
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. Stock traders will also find a suitable account, but let’s dive deeper and uncover more details. We also offer real-time stock alerts for those that want to follow our options trades. You have the option to trade stocks instead of going the options trading route if you wish.
Regulation and deposit protection
Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more of their initial investment. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading.
This includes CQG Integrated Client, CQG Spreader, CQG QTrader, CQG Trader & CQG Desktop. Developed by software company MetaQuotes, MetaTrader is one of the most popular trading platforms, used by millions of traders worldwide. It is known for its user-friendly interface and implemented trading tools. MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The mobile apps and web platforms are useful for those who wish to trade whilst on the https://limefx.name/ go from anywhere at any time.
They cater for beginners with lots of helpful educational content and practice accounts. If you are an institutional trader then you will be impressed with the FIX API connectivity and managed accounts whereas there is the professional account option. If you are looking for a convenient way to trade the markets, I would certainly give them further consideration. Lime Fx is an online broker that gives you access to a full range of trading products, services, accounts and platforms. They are an international broker who I found to have very competitive trading conditions and fees.
Lime Fx Review
The brokerage recommends the platforms according to the type of security traded. And under the categories of “stocks,” “options,” “futures,” and “apps,” Lime Fx lists the ideal platforms. Lime Fx is a front-runner among the diverse online brokerages on the market.
I like the web platform for accessing my account on different devices without needing to install any software. The desktop platform I use for complex chart analysis and auto trading. The trading apps are ideal for me to take the markets with me in limefx reviews my pocket and get price alert notifications. 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.
Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved.