LimeFx Review: Key Features, Pros and Cons

Using free market research of LimeFx’s experienced analyst team, clients get the opportunity to create their own investment strategies. You can keep track of current economic data using the provided Economic Calendar. You can see previous, forecasted and actual results of each economic release. If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by LimeFx and its competitors.

NovoAdvisor / Lime Financial

DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Type “LimeFx online LTD CySEC” into Google, and the broker’s accreditation will appear. You can also search for the broker’s name in the respective regulator’s digital register. There may be a welcome bonus of up to $2,000 when signing up for a LimeFx Online LTD pro account, depending on your location.

Commissions on futures

These provide many of the same features you would find on the desktop and web versions but they allow traders to invest from wherever they are in the world. Each of these apps can be downloaded for free from the Apple App and Google Play Stores. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.

Account Types

As a reminder, a marginal position means that you purchase securities not only with your own money, but also borrow from the broker. Let’s review how much a trader will have to pay for these sorts of services. The size of the swap depends on the interest rates of the central banks that issued the currencies in the currency pair. In case of positive https://limefx.club/ swap, a certain number of points is accrued to the account, and in case it is negative – the points are written off the account. According to our analysis, the majority of LimeFx customers come from Russia and its neighbor countries. LimeFx is the first Forex broker to obtain a license from the Bank of Russia at the end of 2015.

Compare Trading Instruments

I like this account because it has the lowest spread on MT4 which is important for my automated scalping systems. This service is for clients who prefer to make investment decisions with professional assistance. Using market research of the brokers experienced analyst team, clients can get the opportunity to create their own investment strategies.

1. Unlike some brokers,LimeFx’s account types are defined by the type of asset traded – forex,stocks and options, futures, or CFDs.
2. New traders can also get started with a low minimum deposit of $100.
3. In addition, professional traders can benefit from a bonus of up to £2,000 when topping up funds in their accounts.
4. LimeFx offer professional customer support 24/7 via online chat, telephone and email.

This is a drawback versus some competitors who offer around the clock customer support. The proprietary platform, Novoadvisor (now known as Lime Financial), gives investors access to the top-performing traders and strategies on the LimeFx network. 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. LimeFx’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads.

The company is also a member of the Investor Compensation Fund (ICF), which provides compensation to eligible clients if the firm is unable to meet its obligations. We were pleased to see that the company’s online website is owned by LimeTrading (CY) Ltd, which is regulated by the reputable Cyprus Securities and Exchange Commission (CySEC). This means that the level of oversight and supervision on this brokerage is likely to be greater than that of an offshore and unregulated firm.

LimeFx offers a wide assortment of markets and instruments, including stocks (both US and international), ADRs, ETFs, futures, commodities, futures, options, forex, and bonds. IPO investing, robo-advisors, and individual investment portfolios are also available, as well as leveraged CFDs. LimeFx applies different approaches to charging commissions on trading with different exchanges.

LimeFx is an online broker that gives you access to a full range of trading products, services, accounts and platforms. They are an international broker who I found to have very competitive trading conditions and fees. You can get direct access to a huge range of markets with low commissions, instant execution and maximum liquidity.

Bank transfers may take a few business days to clear whilst some methods can be instant. Yes – LimeFx is a legitimate brokerage registered with several respectable regulators and financial authorities, including the CySEC, NFA, FINRA, and Bank of Russia. Over 155,000 traders from more than 130 countries have registered an account with the firm. The CFD fees are added to the broker’s spreads, promoting a more affordable trading experience for users trading CFDs. The broker’s trading fees are competitive, making it appealing to both novice and experienced traders.

LimeFx+ is a browser-based platform that requires no software download. It comes with a customizable interface, access to US exchanges, delayed market depth data, real-time news, and detailed stock information. LimeFx+ allows you to review all your orders and shows your current portfolio and market performance. With trading platforms compatible with Windows and Mac desktops, LimeFx ensures non-mobile traders have a comprehensive trading experience in the desktop environment.

I like how there is no dealing desk intervention as this can prevent there being a conflict of interest as there can be when using a market maker broker. LimeFx offers clients access to awide range of asset classes, including forex, precious metals, stocks, indices,energies, futures, options, and bonds. Their selection includes tens ofthousands of individual assets. For example, they offer over 30,000 stocks andmore than 90,000 option assets. 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.

I like the web platform for accessing my account on different devices without needing to install any software. The desktop platform I use for complex chart analysis and auto trading. The trading apps are ideal for me to take the markets with me in my pocket and get price alert notifications. LimeFx’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.

These apps enable traders to execute trades, analyze charts, and manage their accounts from anywhere. Forex trading is one of its focuses, with a plethora of currency pairs across major, minor, and exotic trading pairs. The extensive limefx reviews forex trading options make LimeFx a perfect broker for an elevated trading experience. For those inclined toward commodities, LimeFx provides a diverse asset range, including agricultural and non-agricultural securities.

LimeFx offers a range of trading platforms to support the needs of investors with varying abilities and trading volumes. Our experts tested and reviewed each trading platform in more detail below. This is a special account for beginners with a lower minimum deposit amount of $100, no brokerage commission and protection against negative balance. Spreads on this account type start from 0.5 pips with no commission charged. This is an account for beginners who want to understand how the currency market works, and practice trading without any financial risk.