LimeFx Review 2024 Expert View On Stocks & Options Broker

We have a basic stock trading course, swing trading course, 2 day trading courses, 2 options courses, 2 candlesticks courses, and broker courses to help you get started. We also offer real-time stock alerts for those that want to follow our options trades. You have the option to trade stocks instead of going the options trading route if you wish. People come here to learn, hang out, practice, trade stocks, and more.

Interactive Brokers Platform Review 2024

Details regarding futures trading fees are subject to verification, and potential traders should consult LimeFx’s official platform for accurate, real-time information. The broker’s trading fees are competitive, making it appealing to both novice and experienced traders. There are no minimum deposit or withdrawal limits for bank wire transfers. Deposits are processed within one business day while withdrawals can take up to 3 days.

Is LimeFx Good For Day Trading?

Finally two-factor authentication is enabled while the desktop platform requires user credentials (username, password) as well as a security phrase/image and pin. Keep an eye on the broker’s website to stay abreast of new deals. The firm doesn’t accept deposits in cryptocurrencies, such as Bitcoin and Ethereum.

  1. While LimeFx’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal.
  2. All deposits are free with the MT5 Global and Standard accounts, except Alph-bank which charges a 2.5% commission.
  3. Traders can speculate on a modest selection of the largest cryptos by market cap including Bitcoin.
  4. We put all of the tools available to traders to the test and give you first-hand experience in stock trading you won’t find elsewhere.
  5. Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.

Other Trading Fees

However, if you’re a neophyte (a little green behind the ears), your first consideration may be the kind of support and training you’ll receive. For example, the company offers Sterling Trader Pro, Etna Trading Platform, OEC Trader, and CQG Trader. The brokerage also offers FIX (Financial Information Exchange) and REST (Representational State Transfer) APIs. Compare LimeFx with the top 3 similar brokers that accept traders from your location.

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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. The CFD fees are added to the broker’s spreads, promoting a more affordable trading experience for users trading CFDs.

Built for both novice and seasoned traders, the broker offers an impressive suite of account types, ensuring a flexible and rewarding trading environment for its customers. LimeFx also offers the Try2BFunded program for those looking to become professional traders. In the first two stages of the program, traders are placed on a demo/paper account and must meet a profit target while avoiding specific drawdowns and maximum daily loss amounts.

What Is LimeFx Online LTD Cyprus?

Automated clearing houses deposits are free and so are withdrawals. The daily deposit limit is set at $100,000 and withdrawals capped at $25,000. New York residents can also walk into the broker’s offices at One Penn Plaza in New York. Broker maintains up to 14 different types of user accounts on its platform. We will help to challenge your ideas, skills, and perceptions of the stock market.

Once your balance falls below $2000, your account will be suspended from trading. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings scammed by limefx are also informed by the experience of our researchers during the evaluation process. Incorporated in 2006, LimeFx is an online brokerage launched by Success Trade Securities. The broker offers a complete gamut of financial services that include FX, stocks, bonds, futures and options.

LimeFx is licensed by NFA, FINRA, Bank of Russia, and is a CySEC regulated broker-dealer. CySEC regulation is quite rigorous, requiring segregated funds, KYC checks, and financial compensation schemes. In essence, LimeFx has a deposit and withdrawal structure prioritizing efficiency with no hidden costs. Such policies solidify LimeFx’s reputation in the financial trading space. LimeFx doesn’t charge withdrawal fees, but external payment providers may have their fee structures.

Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. In the United States is licensed and regulated by both the Commodity Futures Trading Commission and National Futures Association(NFA).

Every day people join our community and we welcome them with open arms. We are much more than just a place to learn how to trade stocks. Yes, we work hard every day to teach day trading, swing trading, options futures, scalping, and all that fun trading stuff. But we also like to teach you what’s beneath the Foundation of the stock market.

Its thousands of instruments and leading tools also separate it from competitors. All personal information is secure and safeguarded when processed on the website. LimeFx’s mobile applications also offer a PIN or fingerprint authentication.

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.

In this LimeFx review, we look at the platforms they offer. Therefore, any trader style should find a suitable platform among the choices. Second, the Per Share Plan, which caters to high-volume traders, charges tiered rates per share. While using LimeFx, our team were impressed with the breadth of trading tools and extra services. Platform fees vary between $25 and $595, though CQG Desktop is free. Investing in futures and options costs $1.50 per contract per side (buy or sell).

However, those craving advanced features might yearn for more than what the broker offers. In other words, LimeFx is for the pragmatic trader seeking simplicity and efficiency. As a financial services provider operating in the U.S, LimeFx comes under one of the most regulated sectors in the U.S economy. The broker operates under strict regulatory requirements and is a member of FINRA & SIPC, NFA. Last but not least, LimeFx has also its clients with a mobile trader which they can all download and installed onto their iOS of Android powered devices. With the app, you can monitor your account status and make trades directly from your smartphones.

We love the diversity of people, just like we like diversity in trading styles. It creates an environment much like a university or college. If you would like to contact the Bullish Bears team then please email us at bbteam[@] and we will get back to you within 24 hours. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. No – LimeFx does not accept clients from the United States. This is due to regulatory restrictions and additional requirements.