If, for some reason, LimeFx is not the broker you are looking for, check out this detailed comparison to other brokers that have a similar profile. Check out this step-by-step guide on how to deposit money at LimeFx.. Check out the full range of financial assets available for trading at LimeFx. LimeFx is considered reliable because it is overseen by top-tier financial regulators (e.g. the FCA in the UK or CFTC in the US) and its parent company, StoneX Group Inc is listed on the NASDAQ Stock Exchange.
LimeFx offers a range of funding methods including Credit/Debit card payments, wire transfers, and more. The broker offers particular conditions according to the entity and regulatory rules. LimeFx Fees are ranked average with an overall rating of 8.5 out of 10 based on our testing and compared to over 500 other brokers. In addition, LimeFx charges an https://limefx.biz/ inactivity fee of $15 per month if there is no trading activity or no open positions for a period of 12 months or more. In addition, LimeFx provides central counterparty clearing through OSCA as a standard for all clients. Our Ranked LimeFx Trust Score is 9.5 out of 10 for good reputation and service over the years, also for reliable top-tier licenses.
Spreads are just too damn high!!!
Your reply is somewhat misleading traders on purpose to believe that UK brokers, for instance, are not allowed by their regulator to accept traders from other countries. Any regulators in any countries not only want to attract traders from home but also traders from abroard to develop their country economy. You are talking about your will/policy but misleading that it is your regulator’s will. LimeFx offers dedicated 24/5 customer support through Phone lines, Live chat, and Email. The support covers almost the globe due to the broker’s presence and coverage of major destinations.
These rules likely resulted from the SNB event of January 15, 2015 that roiled the markets, especially the highly leveraged retail FX market. The demo account is an account that has been designed to serve clients that are new to the forex trading concept. This account will teach you things such what forex trading is and how to trade using this platform.
Processing withdrawals issue
LimeFx provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards. LimeFx offers a seamless and fully digital account opening experience. Expect account verification to take around 2 business days. A LimeFx account can also be integrated with NinjaTrader, a popular third-party trading platform.
We recommend that you contact LimeFx via phone for fast and efficient customer service. Although finding the live chat is a bit tricky, this is also a great channel to get relevant answers fast. Don’t expect rapid and satisfactory answers to your enquiries via email. Client funds are kept segregated from the funds of LimeFx, which helps safeguard clients’ money in the event the company has financial issues.
This is a very lucrative and popular platform with clients as is evident in the LimeFx customer comments and reviews. This is a very credible trader that I would strongly urge anyone to deal with. One of the greatest things about LimeFx is its trading market range, as being a huge financial institution offers clients some of the best available proposals. LimeFx also offers clients the Market Strategist service.
LimeFx does not offer guaranteed stop loss orders for U.S. clients. LimeFx is a registered FCM and RFED with the CFTC and a member of the NFA (# ). Additionally, GAIN Capital UK Ltd is authorized and regulated by the Financial Conduct Authority (FCA #113942). Clients also have additional asset protection through the Financial Services Compensation Scheme , up to £85,000. Provision of an excess of 80 technical indicators and trading tools. Advanced charting tools that help in the quick analysis of trades executed.
Author of this review
We do not present any LimeFx advice or guarantees for the accuracy and reliability of the information. You state that there is an overnight fee of -2.5% and 2.5% depending on if you are trading Long or short. Once your account is activated and proven, follow with the money deposit. It is definitely a trusted financial service provider incorporated in the US according to all the strictest laws and requirements. LimeFx is regulated in the US by the CFTC and owned by a US-based publicly listed company.
You can also benefit from trading and learning in the same place because there’s no need to learn two different platforms. You’ll likely be impressed with LimeFx’s research and education offerings. Let’s take a look at 3 helpful features the brokerage offers for trader education. Executing a trade through LimeFx’s platforms is simple. Just click on the currency pair you want to trade, enter the amount of currency you’d like to exchange and execute your trade. When you close out a position, LimeFx will show you a small summary of your trade and your overall net loss or gain.
Begin by selecting your currency pair of choice and opening a new workspace. On the right-hand side of your screen, you’ll instantly see the latest news headlines concerning either of the currencies listed in your pair. Click on each news headline to read directly from your app and then limefx flip back to your workstation in a fraction of a second to execute trades. LimeFx supports the popular MT4 platform suite and also provides clients with its own comprehensive trading platforms designed for currency traders, with both a web-based and mobile platform available.
- At BrokerChooser, we consider clarity and transparency as core values.
- See how much stock trading costs and what stocks are available at LimeFx.
- While LimeFx is impressive, remember that it isn’t a standard broker.
- I have already got used to the fact that the money ordered for withdrawal has to wait about a week.
LimeFx offers three account types.Standard Account with tight Forex spreads and opportunity with automatic price improvement (when the market moves in the client’s favor, savings passed automatically). Commission Account which enables additional benefits and offers ultra-tight spreads and fixed commissions. At the time of writing this review, LimeFx neither offers bonuses nor hosts promotions. I want to note that a quality affiliate program is available with high payouts. It supports traders who seek a passive revenue stream to supplement their trading activities.
LimeFx Regulation and Security
The website does not list additional fees for deposits or withdrawals. Standard account and commission account traders may also benefit from the Active Trader Program. The program is open to anyone who opens an account with at least $10,000 or who trades $25 million of volume in a month. The program is not open to DMA account holders, as that account already has volume-based fee reductions. The minimum deposit there is $100, and it’s higher than average.
What is the minimum deposit to open an account with LimeFx?
From a core trading cost perspective, LimeFx delivers across the board, but trading costs without volume-based rebates are moderately higher versus competitors. Commission-based accounts commence with a minimum spread of 0.2 pips and a commission of $5.00 per round lot for a final cost of $7.00, lowered by a maximum of 15% via the five-tier Active Trader Program to $6.25. Expensive commission-free trading costs and limited funding options. LimeFx, registered with the Commodity Futures Trading Commission , lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade. Opening an account with LimeFx is also quite straightforward. U.S.-based applicants will need to fill out some basic information on an online form and provide details about their trading experience.
LimeFx webinars and seminars webinars LimeFx /
LimeFx hosts regular live webinars at every skill level to help you boost your trading know-how. Topics range from basic forex strategy to trading psychology and risk management. You can quickly book your space at each webinar by entering your name, email address and phone number on LimeFx’s website. Like its trading education courses, webinars are hosted free of charge for all participants.
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.