This includesthe well-known MetaTrader 4 and MetaTrader 5 platforms. Additionally, theyoffer the CQG Trading Platform (often used for futures and options trading),ROX Premium, Sterling Trader Pro, and Lightspeed Trader. SterlingTrader® Pro – SterlingTrader® Pro is aprofessional-grade trading platform designed for active traders.
Account Minimum
In the per-share plan, there has to be a minimum of $2500 in the trading account, and once the approval comes, the commission gets decided according to the trading volume per month. It provides market access instantly and allows operating and investing in assets, and control account status and withdrawal. This prevents the hassle of trading on the computer all the time.
- Lime Fx US brokerage employs a market maker straight-through processing (STP) broker model.
- Lime Fx’s Cyprus SEC- Registered company allows non-US traders to open an account with them and enable spot trading in cryptocurrencies, CDFs.
- If you leave your account unused over a long period, Lime Fx will charge an inactivity fee.
What did our traders think after reviewing the key criteria?
This also facilitates re-earning the money in case the broker turns bankrupt. It is a regulated broker-dealer and is a part of FINRA, SIPC, NFA, as it’s a member. Clients are free to use and create their investment strategies.
Unique Features
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. It offers market and limits orders on close and the time duration for days or extended hours. The demo account enables limefx website you to review the orders made and displays market performance and current portfolio as well. Over the years, it has gained the trust of over 1 55,000 clients across the world. It provides a competitive price and a plethora of trading tools to its day traders and investors.
Wire Transfers
Lime Fx enables the client’s capital management by investing in stocks of many global companies that get traded on NYSE, BATS, etc. 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.
Pros and Cons
Please note that full access to all assets isavailable on the MT5 account. The Standard and Forex ECN accounts primarilyoffer CFDs for forex, precious metals, and indices/energies. Lime Fx https://limefx.club/ offers traders a robust customer support infrastructure. The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative.
Built for both novice and seasoned traders, the broker offers an impressive suite of account types, ensuring a flexible and rewarding trading environment for its customers. Lime Fx’s commission structure may beattractive to cost-conscious traders. They offer a wide range of assets, andtheir minimum deposit requirements are relatively low. Additionally, theyprovide a greater selection of trading platforms than many other brokers. CQGTrading Platform – CQG offers access to over 40 globalexchanges, providing market data and order routing for futures, options, andtheir combinations. While thebasic desktop CQG platform is free, there are charges for upgraded features anddata packages.
A minimum of $100 needs to be there for an inbound and outbound request of ACH. They have one of the lowest commission schedules in the industry. Transfers in from one account – say the IRA – to the Lime Fx account are free. Initiating one’s journey with Lime Fx is elegantly straightforward and designed with user efficiency in mind.
So, before diving into Lime Fx’s offerings, evaluate the platform based on your goals and preferences. The CFD fees are added to the broker’s spreads, promoting a more affordable trading experience for users trading CFDs. Broker maintains up to 14 different types of user accounts on its platform. More significantly though, Lime Fx charges an inactivity fee of $15 per quarter during any quarter in which less than five trades have been placed. This requirement is waived if you maintain a balance of at least $50,000 in the account. Therefore, this inactivity fee could be a factor for smaller investors who trade sporadically.
Lime Fx offers 24/7 customer service,which can be contacted via online chat, email, or telephone. This extendedavailability may be a benefit for traders who operate outside of standardbusiness hours. To have access to trading accounts, Lime Fx’s mobile applications, Lime Fx+, and Lime Fx pro offer pin and fingerprint protection.
The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders. Details regarding futures trading fees are subject to verification, and potential traders should consult Lime Fx’s official platform for accurate, real-time information. 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 Lime Fx a perfect broker for an elevated trading experience. For those inclined toward commodities, Lime Fx provides a diverse asset range, including agricultural and non-agricultural securities. Lime Fx’s resources seem to lean more towards basic market data and quantitative trading tools than towards detailed, qualitative research.
Lime Fx broker offers professional customer support around the clock. The broker’s customer support service starts with a hugely comprehensive FAQ section that tries to answer most of the common platform user queries. Most of the queries on the page touch on the different services offered by the broker, especially the ones that touch on fees, margin trading, and trader platforms. Our review indicates that traders on the platform can trade up to 90,000 futures and futures options instruments.
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. They both get used to their vast customer-supportive designs and excellent functionalities. It is a reputed, award-winning platform for trading that allows trade executions at reasonable prices. In essence, Lime Fx has a deposit and withdrawal structure prioritizing efficiency with no hidden costs. Such policies solidify Lime Fx’s reputation in the financial trading space.
Lime Fx offers several platforms and doesn’t charge a dime for any of them. The rest of this review will explore theofferings, accounts, and trading conditions available from Lime Fx ingreater detail. However, Lime Fx lacks traditional filters and tools since it caters more to traders who do higher-volume trading. The second one gives protection to securities and the cash in the brokerage account up to $500000. The broker at Lime Fx comes under the regulation of the CySEC – Cyprus Securities and Exchange Commission. The investor’s compensation fund has Lime Fx as one of its members.
Lime Fx maintains up to 14 different types of user accounts on its platform. Forex trading fees work using spreads to eliminate additional commissions or fees. They also ensure traders get a straightforward trading environment. With its regulatory oversight, Lime Fx offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers.
