LimeFx Review 2023 Wide range of trading products

30 May 2022
LimeFx: US Financial Services Company Review
21 June 2022

LimeFx Review 2023 Wide range of trading products

It’s important to account for other factors like platforms, tools, executions, etc. LimeFx also offers partnership programs for institutional trading and for individuals who want to become introducing brokers (IB). LimeFx provides 24/7 customer support via Phone lines and Email. For customer support reasons, the broker has opened representative offices in almost all major locations covering most of Europe and Asia. Also, traders always need to consider swap or rollover fees which may be charged for positions held open for longer than a day.

After the registration process, the verification step will take place where a code will be sent to the email or contact number of the user. After clicking on the verification link in the email or entering the code sent to the phone, the user’s trading or demo account will be open if the information is verified. The first step is to open the official website of the broker and on the very first page either click the tab “apply” for live trading and “demo” for opening a demo account.

  • Deposit fees are, admittedly, a very rare sight to see – most exchanges are void of them.
  • The FIX API is an electronic communications protocol that was developed for the real-time exchange of trade-related information.
  • I think all of the platforms are excellent for anyone looking to analyse the markets, place and manage positions.

All funds deposited into your trading account must be under the same name as your LimeFx trading account. The purpose of the ICF is to secure the claims of covered clients against ICF members through the payment of compensation if the necessary preconditions are fulfilled. The broker puts great emphasis on Anti-Money Laundering (AML), Counter Terrorist Financing (CTF) and Know-Your-Customer (KYC) measures. With that being said, though, J2T CryptoExchange isn’t a typical crypto exchange – it’s an asset brokerage. Keeping this information in mind, it makes sense that there are multiple other factors that need to be accounted for.

LimeFx Assets: Financial Markets Options, Mutual Funds, Etc.

The broker provides access to trading major, minor, and exotic currency pairs. 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 nonetheless alive to the fact that its platform doesn’t have an integrated mutual funds screener. LimeFx+ and LimeFx Pro offer PIN or fingerprint authentication for a trading account. But for some features, LimeFx will employ Plaid to authenticate a client’s bank and brokerage accounts.

LimeFx has six different
platforms to choose from, including the always popular MetaTrader 4 and
MetaTrader 5 platforms. LimeFx + is their free advanced web-based trading platform, available to all clients. It offers all the basic features one would expect from a web-based broker platform, and then some. In addition to the staple features like candlestick charting, watch lists, and an option chain, the platform also features level 2 and time & sales. LimeFx is a discounted brokerage firm, designed for the value-focused trader. Since 2010, the company has positioned themselves as the value brokerage.

Crypto exchange fees are usually segmented into three different parts. Deposit fees are, admittedly, a very rare sight to see – most exchanges are void of them. LimeFx comes with the leading platform globally, which is MetaTrader 5.

Merrill Edge Review – Affordable Brokerage Firm For Day Traders

LimeFx fails in a few areas, not least of which is customer service. Nevertheless, frequent traders who won’t need much assistance can benefit from the broker’s generous stock, options, and futures commission plans. Sterling Trader Pro is another platform that is available to LimeFx customers.

Basic information from this LimeFx Review

Lastly, Sterling Trader Pro designed for Professional individual traders and Proprietary trading groups offers all the US equity and options exchanges, and more than 50 execution routes and venues. However, a positive point regarding the withdrawal functions of LimeFx is that there are no additional withdrawal charges which many other brokers apply. Only third-party charges are applicable when clients withdraw funds from this platform. Moreover, even in cryptocurrencies, the withdrawal amount is less than many other brokers which is 2% of the total withdrawal funds. Moreover, according to the official website customer service is available 24 hours a day for the users to ask questions, seek advice or adhere to any technical support that they require.

Get Ezekiel Chew’s 5 Day Email Course on “How to be in the Top 10% league of Forex Traders”

When it comes to trading platforms, the broker features MetaTrader 5 and MetaTrader 4. LimeFx 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.

The diagnostic will also suggest traders follow Novoadvisor, which is strong in areas where the trader is weak. LimeFx now has a new program called Try2BFunded for those who want to trade without investing any money. Margin requirements for long stock limefx reviews positions are based on the share price. Stocks valued at $3.00 or less per share demand 100% margin (for both initial and maintenance margin). A trader must employ a third-party trading application to manage all of these from the same interface.

MT5 offers sophisticated analytical objects, including two new types of charts, trend lines, and channels. There is a full set of drawing tools to add objects anywhere on the chart, even if it is already overcrowded with indicators or price zones. There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips. Let’s compare the fee policy with other brokers to better understand the difference. Novoadvisor’s main focus is collecting investment tips from the general public and sharing them with other traders and investors. Trading on the LimeFx network is made easier by Novoadvisor, a proprietary trading platform developed by LimeFx that connects investors with the best-performing investors and trading strategies.

???? What is the LimeFx minimum deposit?

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. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. J2T is an excellent broker that provides all the necessary tools for quality trading. During the registration, you will be required to provide additional information and provide proof of residency along with proof of your identity for verification. You can use utility bills or bank statements as proof of residency and a government-issued ID card, passport, or driving license as proof of identity.

Besides providing direct market access (DMA), low commissions, the multi-regulated brokerage provides a modern high-speed infrastructure for instant trade execution. Our LimeFx broker review indicates that traders on the platform can trade up to 90,000 futures and futures options instruments. These are drawn from virtually every market within the finance and securities industry including stocks, indices, currencies, and commodities. Unlike most other trading products listed here, futures and futures options trading are lightly covered in the broker’s educational resources and research reports.

Leave a Reply

Your email address will not be published.