There is a blog, an index of financial terms and a collection of research notes (both a subscription and a historical library). The broker is also a member of the Investor Compensation Fund, which protects clients with compensation of up to €20,000 in the case of an unresolved dispute with the brokerage. The transaction fee might not tell you that, though – at 0,35% per transaction, it might seem mediocre, at best. However, this is where you should make sure to read the small print – it’s 0,35%, FLAT!

Assets & Markets

1. These platforms are famous for their comprehensive charting tools, user-friendly interfaces, and algorithmic and copy trading support.
2. These are usually used as the deciding factor when it comes to judging a crypto exchange, at least fee-wise.
3. Note, all clients must be 18 years of age or older to open an account.
4. Keep in mind that your bank may also charge fees for transactions.
5. Also makes it possible for its clients to invest and trade more than 3,000 mutual funds listed on its platforms.
6. While using LimeFx, our team were impressed with the breadth of trading tools and extra services.

In addition to these platforms, there is also ROX, which provides access to US stocks and options exchanges. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. MT4 is our pick for beginners while MT5 is good for experienced traders thanks to its faster processing and greater breadth of indicators, order types and trading tools.

Deposit and Withdrawals

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 Details regarding futures trading fees are subject to verification, and potential traders should consult LimeFx’s official platform for accurate, real-time information. The broker’s trading fees are competitive, making it appealing to both novice and experienced traders. LimeFx is a front-runner among the diverse online brokerages on the market.

Is LimeFx Good For Day Trading?

As for speed, most transfers are instant, with bank wire taking 2-5 business days. For options, LimeFx charges a fee between $1.00 and $2.15, depending on the number of contracts. For investors trading options in non-trivial volumes (i.e., beyond 10 per month), LimeFx offers competitive costs.

They are going to depend on the cryptocurrency of your choice, but are likely to remain super-low, and mostly dependent on the blockchain. Naturally, we’ll also talk about the less-positive sides of the platform, too. All the above are broker-assisted plans and also include an additional fee of $20 per trade. The discount broker further provides limited ETF-related educational and research reports. In essence, LimeFx has a deposit and withdrawal structure prioritizing efficiency with no hidden costs. Such policies solidify LimeFx’s reputation in the financial trading space.

With the MT5 Global account, you have access to 50 forex instruments, the Standard account offers 47 pairs and the ECN 45 pairs. With this variety of currency pairs, including majors, minors and exotics, traders won’t be short of opportunities. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party.

Its registered address is in Limassol, Cyprus but with offices around the world in Europe and Asia, this is a global broker. LimeFx has also won multiple awards, including the worldfinance.com award for Best Customer Service 2022. The forex broker holds a license with the Cyprus Securities & Exchange Commission (CySEC). The company now has more than 155,000 clients in over 130 countries. This is a good indication that the brand is a large, legitimate brokerage. On the downside, the minimum investment is fairly high at $500.

The broker offers a complete gamut of financial services that include FX, stocks, bonds, futures and options. Besides providing direct market access (DMA), low commissions, the multi-regulated brokerage provides a modern high-speed infrastructure for instant trade execution. LimeFx is an online broker offering stocks, options, forex and bonds through professional platforms and apps. Premium tools and innovative programs such as Try2BFunded make the offering fairly unique.

We score and compare forex brokers in more than 15 categories. Additionally, the broker charges withdrawal fees which vary depending on the method you choose. Many leading forex brokers we evaluate do not charge at all, so this is a negative, especially for traders who make frequent withdrawals.

Finding the correct broker and subscribing to the right education program took me a long time. In this LimeFx review, we look at the platforms they offer. Therefore, any trader style should find a suitable https://limefx.group/ platform among the choices. 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 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. Sterling Trader Pro is a direct-access platform for equities and options.

Also, similar to the copy trading service, there is no guarantee you will make a profit. Other fees to be aware of are the swap fees that are charged on positions held overnight. Traders should also keep in mind that triple rate swap fees are charged on a Wednesday. Don’t get me wrong – the registration was definitely not “difficult”, in any sense of the word.

This means the broker effectively acts as a middleman to give traders access to the forex market. However, we are disappointed to find that there are fees for depositing in ECN accounts, the amount of which varies depending on the method you use. There are also withdrawal fees with this account, reducing its appeal. One of the better, albeit less-known cryptocurrency exchange and asset brokerage alternatives. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency.

Traders have access to metals, oil, index CFDs and 47 forex instruments. The results from our assessment show that LimeFx is a good forex broker. Dozens of currency pairs are available with below-average fees, high-quality order executions and access to two leading platforms – MT4 and MT5. The research notes are quite useful for forex trading, but there are no videos, webinars or guides to support beginners.