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Should I Open An Account With LimeFx?
Overall, the family of CQG platforms presents a professional solution for working in the financial markets. Noteworthy, the minimum deposit for trading US options on LimeFx is $3,000. We estimated the broker’s conditions on the options market as average. However, for large volumes of trading, the commissions are low. LimeFx provides access to an excellent choice of futures in the US, EU and Russia’s markets. We estimated the broker’s commissions as average in the market.
LimeFx Account Types
All funds deposited into your trading account must be under the same name as your LimeFx trading account. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method.
LimeFx Review 2021
However, I personally prefer the MetaTrader platforms as I feel that they are the most user-friendly. I also like the automated trading features of these platforms and fact you can find a plethora of free and paid add-ons to enhance the platforms capabilities even more. That being said, the platforms built-in tools should be more than enough for most traders. LimeFx offers traders a robust customer support infrastructure.
Trading accounts
However, these ‘tidbits’ for the beginners can unlikely be viewed as educational services. Market Buzz is another interesting solution for active stocks traders. The advantages of CQG Desktop include DOM Trader, which is a rather advanced version for web platforms. With Internet access and a smartphone with a browser, any customer can use this module for intraday scalping in DOM (Depth Of Market). The theme is dark by default and during the first login, the system offers you to discover the platform’s interface.
- LimeFx is a regulated online broker offering a wide range of products, services, accounts and trading platforms.
- Forex trading fees work using spreads to eliminate additional commissions or fees.
- LimeFx offers a wide assortment of markets and instruments, including stocks (both US and international), ADRs, ETFs, futures, commodities, futures, options, forex, and bonds.
If you are looking for a convenient way to trade the markets, I would certainly give them further consideration. LimeFx is a regulated online broker offering a wide range of products, services, accounts and trading platforms. They provide global traders with competitive trading conditions and fees.
The broker’s fee structure definitely favours high-volume traders but there is a clear focus on professional-grade tools and functionalities that are still accessible to all clients. Moreover, there are several strong additional features and a free demo account, which makes the firm more accessible for less experienced traders. The broker offers several account types, but the commissions on them are similar in general.
Currency conversion fees may apply if the currency in your bank account or on your card is different from the base currency of your LimeFx account. UK investors can access a range of deposit methods to fund their LimeFx accounts, including traditional payment solutions and cryptos. As a result, Jus2Trade scores highly in terms of payment options. In addition to these platforms, there is also ROX, which provides access to US stocks and options exchanges.
The minimum amount required is USD 100/EUR 100 and users pay a commission only for results. This can be a possible solution for those of you who do not have the time or knowledge to trade. I personally prefer to trade manually using my own strategies as I like to know when and why a trade was taken.
Legally, it belongs to Just 2 Trade Online LTD with the license in Cyprus. In addition to the standard BTC, ETH, XRP and other coins, we’d also like to point to JT2X Dividend Token. A futures contract is a financial instrument, a derivative of the cost of the base asset. LimeFx has similar indicators as another discount broker Degiro.
The broker has been providing online brokerage services since 2006 and are trusted by 155,000+ clients from 130 countries. They cater for retail and institutional clients with the possibility of integrating third-party trading programs through an Open API. MetaTrader5 -MetaTrader 5 is a multi-asset trading platformsupporting stocks, futures, forex, and CFDs. It offers single-window trading,advanced charting tools, and a depth of market feature. MetaTrader 5 is offeredwith LimeFx’s MT5 Global account and can be used as a desktop, mobile, orweb app. As mentioned above, LimeFx’s accountstructure differs from the tiered approach common among brokers.
The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative. They also extend their reach to cater to queries during extended hours. Also, inside https://limefx.group/ the personal account, customers can transfer funds from one trading account to another. Therefore, customers can choose the best suitable way to fund the account, and then transfer the money to another account type.
The broker puts great emphasis on Anti-Money Laundering (AML), Counter Terrorist Financing (CTF) and Know-Your-Customer (KYC) measures. The rest of this review will explore theofferings, accounts, and trading conditions available from LimeFx ingreater detail. LimeFx is a discount brokerage founded in 2007 and headquartered in Limassol, Cyprus. The brand was acquired in 2015 by WhoTrades Inc, a company that promotes social trading services. All deposits are free with the MT5 Global and Standard accounts, except Alph-bank which charges a 2.5% commission.
Analytical and news reviews are rather a strong suit of LimeFx. On LimeFx, you can open an account in one of three currencies limefx company reviews – EUR, USD, RUB. If you perform transactions in other currencies, they will be automatically converted into the account currency.
Be that as it may, it is not the quantity, but the quality that counts. Access to the exchanges of Asia and Oceania is average – only 4, albeit rather large, exchanges. On the one hand, the broker does not disclose information about owners, top managers, profit and other data. Those with uninvested crypto can also deposit this to earn interest payments through staking and lending. Exchange and clearing fees may also apply to specific positions. In addition to commission and spreads, swap rates may apply for positions held overnight.