LimeFx: Deep Discount Brokerage Review 2024

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To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.

They also extend their reach to cater to queries during extended hours. With trading platforms compatible with Windows and Mac desktops, LimeFx ensures non-mobile traders have a comprehensive trading experience in the desktop environment. Forex trading is one of its focuses, with a plethora of currency pairs across major, minor, and exotic trading pairs.

One of them is -trade schedule with equity transactions costing $2.50. It offers market and limits orders on close, and the time duration can be set today or for extended hours. With customizable charts and real-time data streaming, it is browser-based. Although going with the name, it has fewer features, and it’s useful for someone trading from charts. LimeFx used to be one of the cheaper options, but with the rise of companies like Robinhood, Webull, and Firstrade, there are now cheaper alternatives. It’s important to account for other factors like platforms, tools, executions, etc.

  1. LimeFx supports various deposit andwithdrawal methods, including wire transfers, credit cards, PayPal, Skrill, andNeteller.
  2. As the financial realm continues to evolve, so does the need for superior trading tools.
  3. LimeFx broker offers professional customer support around the clock.
  4. This extendedavailability may be a benefit for traders who operate outside of standardbusiness hours.
  5. The desktop trading platform makes use of images, pins, and phrases for better security of the user and its information.

Our headquarters are strategically situated at the heart of Limassol’s bustling business district. Limassol, the second-largest town in Cyprus, stands as the island’s primary tourist and commercial hub, boasting the largest harbor. This prime location underscores our commitment to offering exceptional service in a thriving financial environment. Last but not least, LimeFx has also its clients with a mobile trader which they can all download and installed onto their iOS of Android powered devices.

Acquired recently by Whotrades Inc, LimeFx is a discount broker that is based in New York. The brokerage firm is well known among online traders as a broker that offers one of the lowest commission rates. At LimeFx, you can make a trade by paying a commission rate of as low as $2.50. Apart from the low commission rates charged by LimeFx, the broker also offers active traders a selection of advanced trading platforms which they can use to access the financial markets. There is also a wide selection of trading accounts which you can select from to suit your particular trading needs. Incorporated in 2006, LimeFx is an online brokerage launched by Success Trade Securities.

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. If investors successfully pass both steps, they  receive access to a funded real-money account and can trade on the firm’s capital (a monthly subscription fee applies).

LimeFx Account Types

MetaTrader 5 is offeredwith LimeFx’s MT5 Global account and can be used as a desktop, mobile, orweb app. LimeFx broker offers professional customer support around the clock. The broker’s customer support service starts with a hugely comprehensive FAQ section that tries to answer most of the common platform limefx forex brokers reviews user queries. Most of the queries on the page touch on the different services offered by the broker, especially the ones that touch on fees, margin trading, and trader platforms. Our LimeFx broker review indicates that traders on the platform can trade up to 90,000 futures and futures options instruments.

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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. LimeFx’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.

Navigate your way through transparent, flexible, and diverse investment avenues designed to deliver substantial returns while safeguarding your capital. Embark on your Forex trading journey with J2T Copy and discover a world of profitable opportunities, strategic insights, and reliable investment avenues. It’s your gateway to exploring the boundless potentials of the Forex market, making it a seamless and rewarding https://limefx.name/ experience for all. Our partners are integral to our ecosystem, and we are devoted to providing them with the tools, support, and environment needed to thrive in the dynamic world of trading. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets. LimeFx is owned by Lime Trading (CY) Ltd, which is regulated by CySEC and ESMA.

Commissions & Fees

Sterling Trader Pro is a direct-access platform for equities and options. The options chain also highlights in-the-money options for faster decision-making. Contact us directly for further inquiries about our products and services. Based on the user experience, the following rating and reviews are provided.

Traders should take note that with making deposits by using Bank Wire Transfer, the transactions may take a certain amount of time depending on the method, time of the day, and day of the week. More significantly though, LimeFx charges an inactivity fee of $15 per quarter during any quarter in which less than five trades have been placed. This requirement is waived if you maintain a balance of at least $50,000 in the account. Therefore, this inactivity fee could be a factor for smaller investors who trade sporadically. These solutions are your gateway to balanced and informed investing, enabling you to exploit market trends while keeping your capital secure.

The in-house platforms include the LimeFx+, LimeFx pro, the commission-free LimeFx Lite, and LimeFx mobile apps. Some of their shared features include real-time access to the US exchange markets, access to real-time quotes, customizable interfaces, and the fact that they host several technical indicators. They differ in such ways as the depth of their market analysis, access to sophisticated indicators, and platform-based trading costs.

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There are no minimum deposit or withdrawal limits for bank wire transfers. Deposits are processed within one business day while withdrawals can take up to 3 days. On the other hand, there’s a 2 USD commission per traded lot per side.

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