Can It Compete With Top Brokers?

All information on is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. According to its regulation, LimeFx is subject to various restrictions on how to operate the trading process.

  • The desktop trading platform requires a user name, password, security phrase/image, and pin.
  • In our review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms.
  • The broker states that the accounts are opened within one day.
  • To receive them, you must be a broker’s customer and you must send a request to customer support.
  • To obtain these securities, a client might contact their broker.

With the exception of wire
transfers, funding is immediate for other funding methods. Withdrawals are just
as clear, with most withdrawal methods taking 2-3 business days. The exceptions
to this are Skrill and PayPal, which fund within the same day, and credit card
withdrawals, which post within 5-10 minutes. LimeFx is an
established market leading European online discount broker offering its
services to clients in more than 130 countries since 2016. One of them is -trade schedule with equity transactions costing $2.50.

Customer support

This makes trading small lots of UK, German, Japanese and other countries’ stocks unprofitable. Also makes it possible for its clients to invest and trade more than 3,000 mutual funds listed on its platforms. Like stocks, these too can be traded on both their proprietary and third-party trading securities trading platforms. Our review is limefx scammers nonetheless alive to the fact that its platform doesn’t have an integrated mutual funds screener. Our review indicates that the brokerage and its trading platforms feature a host of market analysis tools to trade. LimeFx also makes it possible for its clients to invest and trade more than 3,000 mutual funds listed on its platforms.

The low minimum deposit is the broker’s advantage over such competitors as Swissquote. The procedure of opening an account on LimeFx is classic and similar to other brokers with regulation in Europe. Also, the broker allows the address registration stamp in a national passport as proof of residence. This is relevant for the citizens of the countries, where address registration is mandatory by the law. Individual portfolios is an offer to invest in one of five portfolios created by LimeFx.

We counted around 40 of those, including Tradingview, Sierra, Volfix, ATAS, Multicharts, Jigsaw and other products for different trading styles. There are more methods of withdrawal on LimeFx in addition to a bank transfer and in terms of this the broker compares favorably with Degiro. The third step is Account Settings, where you specify the account type, security word, and set up leverage. MT5 Global account is the successor of the one earlier called Single Trading Account.

Sterling Trader Pro is a direct-access trading services platform that allows you to trade stocks and options. Greeks and volatility are calculated using its options trading interface. LimeFx offers demo versions of numerous third-party futures trading platforms (e.g., Sterling Trader Pro, CQG Trader, OEC Trader, and the iBroker app).

Account Types

But for some features, LimeFx will employ Plaid to authenticate a client’s bank and brokerage accounts. The desktop trading platform requires a user name, password, security phrase/image, and pin. LimeFx fails in a few areas, not least of which is customer service.

After testing it out for a while, I thought this was the most sophisticated software in LimeFx’s portfolio. LimeFx gives its clients access to all the
asset classes you would expect from a modern online broker. For example, there are more than 30,000
stocks on the platform and over 90,000 option assets.

LimeFx trading fees

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. In this broker US review, we will be vetting the truthfulness of these claims, analyze the brokerage products and detail the nature of its services. Traders can feel secure knowing that LimeFx
has a long and proven track record of offering brokerage services and is licensed and regulated in
the European Union. To have access to trading accounts, LimeFx’s mobile applications, LimeFx+, and LimeFx pro offer pin and fingerprint protection.

Geography of broker’s customers

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. In our review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms. Incorporated in 2006, LimeFx is an online brokerage launched by Success Trade Securities.

You can see how the signals are sent and the examples of previous signals on the page by clicking on “Check Previous Ideas”. For the Russian securities market, the rate is 0.044% per day (16.6% annual). A number of top Russian brokers are ready to provide financing for the purchase of shares at less than 10% annual interest. LimeFx offers beneficial conditions for trading cryptocurrencies compared to the majority of classic brokers.

LimeFx Fees

One of the common electronic payment networks in the United States. After establishing an ACH relationship between the LimeFx and the person’s bank account, fund transfers get facilitated. Wire transfer, OFX transfer, ACH transfer help in the funding of a LimeFx account.

Software Fees

Citizens of other countries can also open accounts on LimeFx provided that the broker complies with the laws and regulations of such countries. There is exhaustive information about the restrictions on the website of the Cyprus regulator, as the source. At the time when this review was being prepared, citizens of 30 European countries could open an account with the broker.

There is also a trade ticket, which offers market and limit orders on close. The duration of an order can be set to day, GTC, or extended hours. Derivatives on the per-trade plan cost 50¢ each plus the $2.50 base. After 100,000 contracts in a month, the broker charges just 50¢ per option. That said, if you are trading that kind of volume, you may prefer a broker that caters specifically to options traders, like TastyWorks. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs.

For example, we will calculate how much a trader will have to pay for a USD 5,000 lot. Also, in the course of the review, we will compare LimeFx commissions with competing European brokers – Swissquote and Degiro. Traders must accomplish a profit target while avoiding particular drawdowns and daily loss amounts in the first two stages of the program. If they pass both, they’ll have a funded real-money account and can trade the firm’s capital (a monthly subscription fee applies). LimeFx+ is a browser-based platform that does not require any software to be downloaded. It has a user-friendly interface, access to US exchanges, delayed market data, market depth data, news, and extensive stock information.

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