LimeFx Review ECN Broker

MetaTrader and CQG have intuitive mobile apps that LimeFx clients can access for free. These provide many of the same features you would find on the desktop and web https://limefx.name/ 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.

FxPro Brokers Fees and Spreads

LimeFxr, the deep discount broker, has throughout the years been awarded and recognized for its contributions to the online brokerage industry. LimeFx also makes it possible for its clients to invest and trade more than 3,000 mutual funds listed on its platforms. Our review is nonetheless alive to the fact that the LimeFx platform doesn’t have an integrated mutual funds screener. 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 account features a minimum deposit amount of $100, nobrokerage commission, and negative balance protection.

LimeFx Trading Account Features

It also offers connectivity to key exchanges in Canada, Mexico, andEurope. MetaTrader 4 is offered with LimeFx’s Standard, Forex ECN, andForex ECN Pro accounts and can be used as a desktop, mobile, or web app. The firm may also be suitable for other types of investors due to the range of different trading platforms, although beginners will likely find cheaper deals elsewhere. This is a professional trading account on MT4 with a $100,000 minimum deposit. Traders have access to metals, oil, index CFDs and 47 forex instruments.

Customer Service

LimeFx offers an array of trading accounts and platforms, plus low spreads and commission charges. The brand is also available in various countries around the world. Its thousands of instruments and leading tools also separate it from competitors. LimeFx limefx forex broker offers traders a robust customer support infrastructure. 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.

Trading Platforms

Before starting the procedure of account opening, you need to provide basic information (phone number, email, and full name). Also, there is a good chance to get confused about the account, as one and the same account could have different names in different places. For example, on the website, the account’s name is US Exchanges, and inside your personal account – Global Markets. Robo-advisor is a service for automatic composition of an investment portfolio. Legally, it belongs to Just 2 Trade Online LTD with the license in Cyprus.

Payment methods

LimeFx offer professional customer support 24/7 via online chat, telephone and email. It was great to see that support is available on weekends as this is not something that all brokers offer and helps them to stand out from the competition. ROX is a sophisticated electronic order management system with instant routing to exchanges, ECNs, market makers and MTFs world-wide. ROX empowers traders by providing lightning fast access to many sources of liquidity.

1. The firm may also be suitable for other types of investors due to the range of different trading platforms, although beginners will likely find cheaper deals elsewhere.
2. LimeFx says its “preferred method of contact is either by our online chat function or email.” It seems strange that they wouldn’t want phone calls.
3. A demo account is available to people with the LimeFx+ and Sterling Trader Pro.
4. Additionally, LimeFx offers its proprietary platform, designed to cater to its customers’ specific needs.

Overnight Funding Fee

As mentioned above, LimeFx’s accountstructure differs from the tiered approach common among brokers. Their accounttypes are primarily distinguished by market access. They offer three forextrading account types, as well as a demo account. The broker’s customer support service starts with a hugely comprehensive FAQ section that tries to answer most of the common platform user queries. Most of the queries on the page touch on the different services offered by the broker, especially the ones that touch on fees, margin trading, and trader platforms. The US brokerage employs a market maker straight-through processing (STP) broker model.

The company offers special conditions for investment portfolios. LimeFx offers its customers an impressive choice of trading instruments at several dozen exchanges of the U.S., Asia, Russia, and EU. We estimated the commissions and fees on the majority of markets as low or market average.

We provide our members with courses of all different trading levels and topics. Our content is packed with the essential knowledge that’s needed to help you to become a successful trader. On our site, you will find thousands of dollars worth of free online trading courses, tutorials, and reviews. Our watch lists and alert signals are great for your trading education and learning experience.

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. Once you open the account with this broker, you can first opt for a demo account to take a tour of the account and the trading market.

The trade-off with savings accounts (compared to CDs) is that they come with interest rates that can go up or down based on market conditions. While opening the LimeFx trading account, charges that the trader has to pay to the broker at different periods and different services are important aspects to consider. The major impression you get with LimeFx is a company that offers record-low trades at the expense of most everything else you might want out of an online brokerage firm. If you’re planning on being an active trader, LimeFx’s rates simply can’t be beat.

In this broker review, we vet its reliability and look at how trimmed trading costs have affected this deep discount broker’s effectiveness and competitiveness. Just like most other brokerage firms, LimeFx offers stocks, mutual funds, options, ETFs and bonds, which can form the backbone of most traders’ portfolios. However, they do lack futures or forex trading, which may turn off some traders who want to focus on those strategies. LimeFx is an often overlooked brokerage firm that provides day traders and other frequent investors with competitive pricing and a large suite of trading tools.