LimeFx Review A decent multi-asset broker with the widest range of assets
We are much more than just a place to learn how to trade stocks. Yes, we work hard every day to teach day trading, swing trading, options futures, scalping, and all that fun trading stuff. But we also like to teach you what’s beneath the Foundation of the stock market. We don’t care what your motivation is to get training in the stock market.
Recent LimeFx User Reviews
LimeFx is a discount brokerage founded in 2007 and headquartered in Limassol, Cyprus. The brand was acquired in 2015 by WhoTrades Inc, a company that promotes social trading services. The proprietary platform, Novoadvisor (now known as Lime Financial), gives investors access to the top-performing traders and strategies on the LimeFx network. With this live account, you cannot trade CFDs on shares, stocks, futures and bonds.
Global Futures
- Admittedly, the registration process for LimeFx is rather cumbersome.
- They are going to depend on the cryptocurrency of your choice, but are likely to remain super-low, and mostly dependent on the blockchain.
- Yet while we enjoy using these features, our team finds that the depth and quality of market research don’t rival alternatives like IG Group.
- When comparing LimeFx vs Interactive Brokers, for example, the broker comes out on top in terms of options pricing.
Currency conversion fees may apply if the currency in your bank account or on your card is different from the base currency of your LimeFx account. LimeFx is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. https://limefx.group/ Before making any trading related decision, contact a local professional financial advisor. Our experience shows that once verified, the funds will be returned to your account instantly in the case of e-wallets and within 5 days if you choose bank wire. LimeFx processes withdrawals within 24 hours of the request being made.
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Trading fees on commission-free accounts start from 0.5 pips, which is lower than what most competitors are offering. The broker provides access to trading major, minor, and exotic currency pairs. Our UK team takes a methodical approach to reviewing online brokers. Our experts also factor in their hands-on testing experience into broker ratings. Investors on LimeFx can put money into investment funds that are managed by other users. Clients must allocate a minimum of £100 to take advantage of this feature.
It is useful if you don’t have the time or knowledge to make your own trades, though there is no guarantee you will make money. J2T Copy is also available with a low minimum investment of $100, making it accessible to beginners. This copy trading tool allows traders to choose an investment manager to manage their funds and make investments on their behalf.
Not all deposit options are available – bank transfers, card payments and some e-wallets such as PayPal are supported. Our testing of LimeFx also shows a good range of supported base currencies, including EUR and USD, making this broker accessible to global traders – removing potential conversion fees. The Forex Standard account offers commission-free trading with spreads from 0.5 pips. This is noticeably tighter than the variable spread accounts at the majority of brokerages.
Those with uninvested crypto can also deposit this to earn interest payments through staking and lending. We were unable to find details of a no-deposit welcome bonus. European regulators have taken a tougher limefx broker reviews stance on these types of promotions in recent years. Exchange and clearing fees may also apply to specific positions. In addition to commission and spreads, swap rates may apply for positions held overnight.
New York residents can also walk into the broker’s offices at One Penn Plaza in New York. LimeFx’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads. We have a basic stock trading course, swing trading course, 2 day trading courses, 2 options courses, 2 candlesticks courses, and broker courses to help you get started.
LimeFx is a globally renowned online securities trader that best describes itself as a deep discount brokerage house. The brokerage was launched in 2006 in Washington DC by Success Trade Securities. Currently employs over 1200 employees and maintains offices in over eight countries including the United States, China, and the United Kingdom. In this broker review, we vet its reliability and look at how trimmed trading costs have affected this deep discount broker’s effectiveness and competitiveness. Forex trading is one of its focuses, with a plethora of currency pairs across major, minor, and exotic trading pairs. The extensive forex trading options make LimeFx a perfect broker for an elevated trading experience.
Lime Trading (CY) Ltd – the owner of LimeFx – is regulated by CySEC and subject to oversight from the European Securities and Markets Authority (ESMA). The company is also a member of the Investor Compensation Fund (ICF), which provides compensation to eligible clients if the firm is unable to meet its obligations. This broker was established in 2007 and now operates in 130 countries with over 155,000 clients.
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. LimeFx is an online broker that accommodates the needs of both beginner and experienced investors. The firm boasts a wide range of assets, including stocks, forex, futures and cryptocurrencies, all of which can be found on the MetaTrader 4 and MetaTrader 5 platforms.