That being said, there are sometimes desktop versions available for which a download would be required. limefx scammers has a wide range of markets to invest in, including various securities and derivatives. Traders placing a high volume of positions will also find the fees very reasonable. In addition, professional traders can benefit from a bonus of up to £2,000 when topping up funds in their accounts. Virtual accounts are excellent for beginner investors, as well as more experienced clients looking to test a new trading strategy. Additionally, LimeFx offers a few mobile apps, including an advanced app for iOS and Android devices and a swipe app.
Step 2: Time to verify your account
This is especially true if you only want to concentrate on the main crypto assets on the market, such as Bitcoin or Ethereum. The MT5 platform is used for some alternative trading options – we’ll get to that in a bit. For now, it’s worth mentioning that MT5 (otherwise known as the MetaTrader5) is the more-advanced version of MT4 – the most popular and well-known trading interface, to date.
Customer support
LimeFx offers an array of trading accounts and platforms, plus low spreads and commission charges. The brand is also available in various countries around the world. Its thousands of instruments and leading tools also separate it from competitors. LimeFx also offers the Try2BFunded program for those looking to become professional traders. In the first two stages of the program, traders are placed on a demo/paper account and must meet a profit target while avoiding specific drawdowns and maximum daily loss amounts.
Are all the top cryptocurrency exchanges based in the United States?
This is noticeably tighter than the variable spread accounts at the majority of brokerages. LimeFx offers 24/7 customer service,which can be contacted via online chat, email, or telephone. This extendedavailability may be a benefit for traders who operate outside of standardbusiness hours. LightspeedTrader – Lightspeed Trader is designed forprofessional traders who prioritize real-time market data, low latencyexecution, and advanced order types. The firm may also be suitable for other types of investors due to the range of different trading platforms, although beginners will likely find cheaper deals elsewhere. Credit card withdrawals usually take 5-10 minutes, though some other withdrawal methods can take up to three days.
The huge range of 35,000+ instruments is a key benefit of opening an account. Our tests show that only a select few brokers, such as Saxo Bank, can rival LimeFx when it comes to the number of trading products. 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. The broker does not offer services to the United States or any other jurisdiction where such products or services are not permitted. If you find that your country is not accepted, please feel free to take a look at our broker ratings for another option.
Trading Hours
- They’ve figured out all of the security and certification details a long time ago, and thus, offering fiat-crypto support was likely not an issue.
- Brokerage commission equals 0.006 USD per share on US stocks and commissions start from 1.5 USD per trade.
- The Bullish Bears team focuses on keeping things as simple as possible in our online trading courses and chat rooms.
- That being said, there are sometimes desktop versions available for which a download would be required.
- Additionally, theyprovide a greater selection of trading platforms than many other brokers.
I also like the automated trading features of these platforms and fact you can find a plethora of free and paid add-ons to enhance the platforms capabilities even more. That being said, the platforms built-in tools should be more than enough for most traders. As mentioned above, LimeFx’s accountstructure differs from the tiered approach common among brokers. Their accounttypes are primarily distinguished by market access. They offer three forextrading account types, as well as a demo account.
The transferring of the fund in the case of non-US countries may take one to two business days. It usually takes five business days, along with an ACH activation form. In the per-share plan, there has to be a minimum of $2500 in the trading account, and once the approval comes, the commission gets decided according to the trading volume per month. One of them is -trade schedule with equity transactions costing $2.50.
I found them to have very competitive trading conditions and fees. You get to trade on easy to use platforms with all of the tools you need for conducting complex market analysis. I like how there are accounts for different trading styles and flexible payment options fund your account. 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.
The two are different, and represent the different features mentioned above. To have access to trading accounts, LimeFx’s mobile applications, LimeFx+, and LimeFx pro offer pin and fingerprint protection. LimeFx delivers varieties of accounts depending upon the Traders’ financial requirements. A customer needs to have a minimum balance of $2500 to start trading. It provides market access instantly and allows operating and investing in assets, and control account status and withdrawal.
Please note that full access to all assets isavailable on the MT5 account. The Standard and Forex ECN accounts primarilyoffer CFDs for forex, precious metals, and indices/energies. LimeFx offers its users a wide selection of assets to purchase and trade, in addition to 5 of the main cryptocurrencies. The brokerage is secure and reliable, and is certified in the US, EU, and UK. The commission fees are very low, and you’ll also be able to use the platform on all of your main devices (mobile, desktop, the web). User LimeFx reviews will tell you that the platform in question is surely among the better options as far as cryptocurrency purchases are concerned.
https://limefx.club/’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. With trading platforms compatible with Windows and Mac desktops, LimeFx ensures non-mobile traders have a comprehensive trading experience in the desktop environment. LimeFx is a front-runner among the diverse online brokerages on the market.
Besides, LimeFx is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF). So, if the broker fails to settle claims of investors or folds up, they are secured up to $500,000 and €20,000 correspondingly. Transfers in from one account – say the IRA – to the account are free. Importantly, during our tests, the live chat was quick and easy to use with responses in less than a minute and email responses within 24 hours. We rank the broker down when it comes to educational resources.
This is a drawback versus some competitors who offer around the clock customer support. LimeFx caters to active traders with competitive pricing for those who trade in high volumes. The company is a FINRA registered broker-dealer and a member of the SIPC and NFA. LimeFx is a discount brokerage founded in 2007 and headquartered in Limassol, Cyprus.
If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points. Compare LimeFx with the top 3 similar brokers that accept traders from your location. You can select your base country when you sign up for a new account. LimeFx is licensed by NFA, FINRA, Bank of Russia, and is a CySEC regulated broker-dealer. CySEC regulation is quite rigorous, requiring segregated funds, KYC checks, and financial compensation schemes. In addition, the platform has 11 preconfigured options trade structures available, including butterflies, calendar spreads, covered calls, iron condors, and straddles.
Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success. Customer service can be reached using the telephone number, email, and live chat on the website.
That said, as far as the less-known exchanges and brokerages go, it’s actually still not that common to come across a platform that would offer fiat payment support. Yet again, though – while many user LimeFx reviews aren’t going to tell you this, the platform in question has support for this feature. The trading platform also offers zero-dollar commissions on stocks, exchange-traded funds and ADRs with a $0.003 per share charge for after-hours trading, and options for $0.50 per contract. LimeFx is an experienced broker that provides a wide variety of services, products, and trading platforms.