LimeFx: Deep Discount Brokerage Review 2023

Along with this the customers also valued the broker for providing multiple options of assets for trading including not just forex or stock markets but mutual funds and options trading as well. With these praises, there were also some flaws that were highlighted by the customers including slow and delayed withdrawal of funds and high minimum deposit payment. In addition, there are many other value-added features of this brokerage service. For instance, it provides STP and ECN account types for trading forex and cryptocurrencies with high liquidity and fast order executions.

LimeFx offers over 30,000 trading instruments with spreads starting from 0 pips and a full range of powerful trading tools. When we compare LimeFx with Roboforex, there are many differences. First is that Roboforex has a high commission rate of $ 20 whereas LimeFx works on a very low commission of $ 3, this makes the latter more cost-effective than the former broker. However, the minimum deposit requirement of Roboforex is quite less which is $ 10 whereas for LimeFx it is $100 making it an affordable broker. By entering the name, last name, email, and phone number of the account holder, the user can select the box which confirms that the customer is agreeing to the terms and conditions of the brokerage firm. The AFM evaluation has set standard criteria for the evaluation procedure of various brokerage firms.

  • First of all, you’ll need to provide your full legal name again, your country of birth, and your nationality.
  • This is a special account for beginners with a lower minimum deposit amount of $100, no brokerage commission and protection against negative balance.
  • In this review, we’ve taken a look at whether a low fee broker can still provide a high quality service.
  • ROX empowers traders by providing lightning fast access to many sources of liquidity.

LimeFx offers customer service on a
24/7 basis, better than what you’ll find at most other brokers. Customer
service can be contacted via an online chat function, through email, or via
telephone. Lightspeed Trader
is another platform favoured by professional traders who require highly
established market data with ultra-low latency and performance.

#2 LimeFx futures and futures options review

The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone. Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for. For traders that wish to only trade CFDs and FOREX pairs, there’s a dedicated account.

  • It’s worth checking out because it may rival or even beat your current broker.
  • The platform’s charting supports over 60 indicators and configurable studies.
  • You need to understand that you are taking a very big risk with financial products.
  • MetaTrader 5 – MetaTrader5 trading platform is
    a perfect choice for an active trader.
  • Taken all together, LimeFx has an
    excellent offering, and the history and oversight to make it a trusted and
    worthwhile broker.
  • There are various factors to consider when making a decision, but the safest brokers are well-regulated ones.

Comparatively, we can say that the commission charged by LimeFx is relatively low compared to other brokers. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings.

The broker has a huge variety of trading instruments across multiple markets including Forex, Cryptocurrencies, Commodities, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, Futures & CFDs. There is something for everyone to trade with thousands of financial instruments available. You will find everything from major currency pairs to stocks of large companies. I am impressed how by how they incorporate a high-speed trading infrastructure with ultra-modern 100G network covering Europe, America, Asia and Russia. This allows them to maximise order execution speeds, from 0.05 seconds.

Deposit And Withdrawal

Traders can have multiple options from Forex, stocks, futures, bonds, CFD and even cryptocurrencies recently added to this list. All in all, each and every requirement of a trader, investor, or financial institution is available through the LimeFx online brokerage service. Hence active traders who are looking for brokers with profitable trading opportunities can surely select LimeFx as a reliable trading partner. After evaluating LimeFx based on the above-mentioned criteria it was observed that it is a firm that has passed these tests. LimeFx provides all the services that are needed by a trader or investor for successful trading in the financial markets. When it comes to reliability, legitimacy, security, profitability, and advanced technology all these elements are present in LimeFx trading services.

LimeFx Pros and Cons

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. Lightspeed Trader – Delivers a
robust trading system to professional traders that demand highly established
market data with ultra-low latency and performance. LimeFx is an
established market leading European online discount broker offering its
services to clients in more than 130 countries since 2016.

What is the minimum deposit for LimeFx?

There is also a $3,000 account minimum for trading with this platform. In addition to the real-money accounts,
you can also take advantage of a Forex demo account at LimeFx. This demo
account is meant for beginner traders who are trying to understand how the
currency market works. It gives them the opportunity to try out trading without
taking on any financial risk.

Generally, the customer reviews we came across were positive in nature. Overall, the clientage looked satisfied and happy with the services of this broker. User limefx courses scam will tell you that the platform in question is surely among the better options as far as cryptocurrency purchases are concerned. While J2T doesn’t primarily deal in crypto assets, the brokerage has all of the necessary features that you would expect out of a high-end exchange, and should thus suit most users‘ wants and needs.

The relationship between a trader and an online broker is always very important. Different traders have different demands, so it is necessary to provide them with certain conditions. The company, which provides for this kind of service, should be the one that, while taking into account all requests, will never lose its main values ​​and core functions. LimeFx confirms that you can withdraw all your money without any problems. LimeFx covers all the costs of withdrawal, including the fees charged by the payment provider and broker. You can withdraw at any time since there are no minimum volume requirements to keep your account active.

At $2.50 per equity trade, they are undercutting all of their competition and positioning themselves as the value brokerage. What they lack in research and infrastructure, they make up for in low fees. There are three account types designed by LimeFx that are defined by the execution technology, or by the type of trader you may be. It is a reliable firm due to its regulation in the European Union by the Cyprus CySEC.

LimeFx Forex ECN Account

It allows clients to trade on the firm’s capital with no risk and a 60/40 profit share. The company has also recently begun accepting cryptocurrency deposits, such as Bitcoin and Ethereum. PayPal, credit cards, checks, money orders, and Western Union cannot be used to fund accounts.