We estimated Lime Fx commission on the Forex market as very low. The Bullish Bears team focuses on keeping things as simple as possible in our online trading courses and chat rooms. We provide our members with courses of all different trading levels and topics. On our site, you will find thousands of dollars worth of free online trading courses, tutorials, and reviews.
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There is a blog, an index of financial terms and a collection of research notes (both a subscription and a historical library). Yet while we enjoy using these features, our team finds that the depth and quality of market research don’t rival alternatives like IG Group. Yet it doesn’t offer the same user-friendly interface, or have as good a reputation as alternatives like eToro. It is worth noting that Lime Fx has a margin call of 100% and a stop-out level that is triggered when your account falls below 50% of the required margin.
It allows for practicetrading without risking real funds, offering a way to become familiar withtheir trading conditions. The broker offers various methods for account funding, including bank transfer, Bitcoin, credit/debit card, crypto, Neteller, POLi, PayPal, Skrill, and iDeal. However, most withdrawals are charged 0.20% – 2.5% of the withdrawal amount.
Comparative table of commissions
However, customer support isn’t limited to regular work hours. They also extend their reach to cater to queries during extended hours. Noteworthy, the minimum deposit for trading US options on Lime Fx 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.
The regulator’s website confirms that the license is valid. We have not discovered any confirmed facts or scandals that blemish the broker’s reputation. The regulators of other countries, for example British FCA, where Lime Fx ONLINE LTD offers its services, are aware of its operation.
Steering Through The Financial Waters with Expertise
- Forex trading is one of its focuses, with a plethora of currency pairs across major, minor, and exotic trading pairs.
- Stock traders will also find a suitable account, but let’s dive deeper and uncover more details.
- It is located on cqg.com domain, and written mainly in HTML5.
- The order system is able to use multiple tickets, and RSS news feed is integrated.
- With this variety of currency pairs, including majors, minors and exotics, traders won’t be short of opportunities.
- Other fees to be aware of are the swap fees that are charged on positions held overnight.
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. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. Our experience shows that once verified, the funds will be returned to your account instantly in the case of e-wallets and within 5 days if you choose bank wire. Lime Fx processes withdrawals within 24 hours of the request being made.
However, a minimum balance of limefx scammers $2,500 is required to begin trading. Also, the minimum amount to open a future or margin account is $2,500. And for a pattern day-trading account, no surprise here, the minimum is $25,000. Pricing on options is also divided between the two schedules. Derivatives on the per-trade plan cost 50¢ each plus the $2.50 base.
With low rates and a suite of platforms, Lime Fx aims to meet the needs of various traders. Lime Fx offers individual and two types of joint accounts. The first option is Joint with Rights of Survivorship (JTWROS), and the second is with Tenants in Common (JTIC)s, which offers custodial and trust accounts. Lime Fx would be a good choice for investors who place a lot of trades every month and want low commissions for these transactions. Many brokers don’t offer trading in futures, so the brokerage firm would also be ideal for traders who are interested in commodities or cryptocurrencies. Brokerage commission equals 0.006 USD per share on US stocks and commissions start from 1.5 USD per trade.
Lime Fx offers a wide range of instruments for trading, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. Trading fees are low and there’s a variety of trading platforms to choose from. Based on our tests, Lime Fx is an excellent broker for active forex traders. Our evaluation has shown high-quality order executions with speeds of 50ms, alongside tight spreads from 0.0 pips.
This account features a minimum deposit amount of $100, nobrokerage commission, and negative balance protection. In this section we’ll show you how to open a live trading account with Lime Fx. The registration process and account activation are fully digital, and the broker’s web page is very initiative and user-friendly. In addition, customer support agents are available 24/7 in case you have any questions. On the other hand, there’s a 2 USD commission per traded lot per side.
However, traders should pay attention to potential charges by individual payment channels. The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders. As the financial realm continues to evolve, so does the need for superior trading tools. Lime Fx’s platform unfurls a tapestry of innovative features tailored to empower traders. Lime Fx is a front-runner among the diverse online brokerages on the market.
As the name implies, it has fewer features and would be good for someone who primarily trades from charts. Lime Fx offers several platforms and doesn’t charge a dime for any of them. Lime Fx supports various deposit andwithdrawal methods, including wire transfers, credit cards, PayPal, Skrill, andNeteller. Funding is immediate for most methods, with the exception of wiretransfers. Withdrawals typically take 2-3 business days, though Skrill andPayPal may process within the same day, and credit card withdrawals can postwithin 5-10 minutes.
Step 2: Time to verify your account
Lime Fx 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. SterlingTrader® Pro – SterlingTrader® Pro is aprofessional-grade trading platform designed for active traders.
You can set goals such as general savings, retirement or college savings, which makes the tool user-friendly and gives you clear aims. You then choose an investment portfolio and let the robo-advisor provide advice and services. The platform offers clear market data and graphs, though we particularly rate the Excel output option and economic calendar, which are useful for planning trades. Our review shows Lime Fx scores less favorably when it comes to withdrawals. Not all deposit options are available – limefx bank transfers, card payments and some e-wallets such as PayPal are supported. I like the variety of payment methods supported by Lime Fx, making the broker easy to use.
The broker states that the accounts are opened within one day. A manager called us within 20 minutes, we discussed all issues and questions and our account was verified in an hour. This is one of the best results in terms of quickness of account opening among the brokers with European regulation. Also, you need to specify the type of the account you want to open.
