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. 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. This should help you form an opinion on the reliability of the online broker and aid your decision on whether to trust them with your cash.
Lime Fx enables the client’s capital management by investing in stocks of many global companies that get traded on NYSE, BATS, etc. However, higher ratios are available for professionals, thereby proving its efficiency and its status as a trusted trading platform. However, if your account balance falls below this limit, the commission sees an increase to $4. Traders using a desktop program would prefer this as it delivers data and executes it faster than normal browser-based co-parts of it. ROX helps investors of larger sizes by having direct access to the exchanges in Mexico, Europe, the USA, and Canada. They come with better functionality and are easy to use and access.
Lime Fx has one of the lowest commission rates in the trading industry. All the above are broker-assisted plans and also include an additional fee of $20 per trade. In the United States is licensed and regulated by both the Commodity Futures Trading Commission and National Futures Association(NFA).
Best offers
On the other hand, there’s a 2 USD commission per traded lot per side. The available trading platform is MetaTrader 5 with a minimum initial deposit of 100 USD. There are 50 currency pairs available for trading on this account in addition to indices and commodities. Lime Fx 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.
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Option trades cost 75¢ per contract, with a $1 minimum https://limefx.vip/ order. 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.
They also extend their reach to cater to queries during extended hours. Lime Fx delivers varieties of accounts depending upon the Traders’ financial requirements. A customer needs to have a minimum balance of $2500 to start trading. Lime Fx is an often overlooked brokerage firm that provides day traders and other frequent investors with competitive pricing and a large suite of trading tools. It’s worth checking out because it may rival or even beat your current broker. In this Lime Fx review, we attempt to quantify the value it provides to various types of traders.
This is browser-based, but nevertheless incorporates some powerful features. 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.
Lime Fx Customer Service
These apps enable traders to execute trades, analyze charts, and manage their accounts from anywhere. The brokerage offers Basic and Pro accounts, ensuring that both trading enthusiasts and seasoned investors find an accommodating trading environment. Lime Fx is an experienced broker that provides a wide variety of services, products, and trading platforms.
Trading platforms of Lime Fx reviewed
This browser-based platform has some powerful limefx scam features which are similar to level II data. 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.
The broker provides access to trading major, minor, and exotic currency pairs. Our review indicates that the brokerage and its trading platforms feature a host of market analysis tools to trade. There also are a host of educational, research, and news resources to help both beginner and expert traders understand and navigate the stock markets. The broker offers various methods for account funding, including bank transfer, Bitcoin, credit/debit card, crypto, Neteller, POLi, PayPal, Skrill, and iDeal.
Pros & cons of Lime Fx
- For instance, the FRA40 follows the performance of the top French company shares.
- Over the years, he has tried tons of trading services and aims to educate other traders so they can make the smartest decisions.
- For example, mousing over the Greek letter sigma displays all of an option’s Greek data.
- It supports the trade of mutual funds, stocks and bonds, ETFs, futures and futures options.
However, Lime Fx lacks traditional filters and tools since it caters more to traders who do higher-volume trading. The desktop trading platform makes use of images, pins, and phrases for better security of the user and its information. Each account has a different requirement applying to them and requires different minimum balances for their maintenance and working.
Lime Fx Trading hours
- Our review indicates that traders on the platform can trade up to 90,000 futures and futures options instruments.
- The available trading platform is MetaTrader 5 with a minimum initial deposit of 100 USD.
- In a world full of trading possibilities, Lime Fx is a solid choice for investors seeking a seamless blend of affordability and top-notch trading platforms.
- They have one of the lowest commission schedules in the industry.
- 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.
The second one gives protection to securities and the cash in the brokerage account up to $500000. No fee is leviable in building such an association, neither any action linked to ACH deposit, withdrawal, activation requires any fund. Owning to work being paperless, postage charges, too, are not charged.
In this section we’ll show you how to open a live trading account with Lime Fx. The registration process and account activation are fully digital, and the broker’s web page is very initiative and user-friendly. In addition, customer support agents are available 24/7 in case you have any questions.