I like the trading environment at LimeFX for high-frequency, high-volume traders, and scalpers, as they can lower trading costs via volume-based rebate programs. LimeFX offers clients a competitive trading environment starting with three trading platforms, which support algorithmic trading solutions. The well-balanced asset selection serves both beginner traders and professionals well. Research and education rank among the best-quality services industry-wide. Additionally, a margin calculator and an array of trading and charting tools can be found on all of its trading platforms. The broker’s “premium” and “pro” accounts have the option of receiving research tailored to the client’s needs.
- Likewise, LimeFX will offer particular conditions according to the entity and regulatory rules.
- At the end they have all your document copies, your private and confidential information and reject to open an account.
- Bank transfers can take 2-3 business days, while credit/debit card withdrawal can take longer, up to 5 business days.
- LimeFX is a forex trading company founded in 2013, specializing in financial technology and is a regulated broker with CySEC, FCA, and BaFin licenses.
- These catch-all benchmark fees includes spreads, commissions and financing costs for all brokers.
- And the platform sets you up with pro charts, real-time trade alerts, narrow spreads and transparent order executions.
I also recommend checking the costs from the payment processor to the bank account unless a debit/credit card is available. Deposit processing times for bank wires are between one and two business days. The LimeFX minimum deposit is $100, but the recommended amount for the Standard and Commission accounts is $1,000. LimeFX recommends $25,000 for the DMA alternative due to the minimum transaction size of 100K. MT4/MT5 algorithmic traders must trade with the expensive commission-free Standard account. Equity markets open and close each trading day and are not operational continuously like Forex and cryptocurrencies.
Why LimeFX Over Others?
LimeFX is considered one of the best brokers simply because they do not target a particular market or community, creating diversity in everything they bring to the trading community. They have a lot of markets available, each with a good number of assets that you can trade individually. Creating an account and getting started on LimeFX is relatively straightforward. Signing up with this broker can be completed within minutes, but your account must be verified in order to begin funding your account and start trading. LimeFX verification typically takes between 1-3 business days.
- Furthermore, traders can look into upgrading to a premium package with trading signals from Faraday research.
- US customers are charged with a withdrawal fee if their withdrawal is under $10,000.
- You’ll likely be impressed with LimeFX’s research and education offerings.
- Having said that, we advise you to trade with caution to avoid incurring heavy losses in funds.
Fortunately, LimeFX has a positive reputation for delivering above-standard customer service, allowing traders to contact support in a number of different ways. International traders outside of the US are able to access all forex pairs, including majors, minors and exotic pairs. LimeFX also offers shares, indices and commodities to international traders, alongside a range of cryptocurrency pairs. The LimeFX trading experience is suitable for traders of all levels, offering dedicated smartphone and desktop trading applications alongside a web trading platform and MetaTrader support. Please note that the above list has been compiled in paid partnership with select forex brokers around the world, and is not a comprehensive one. FX Leaders offers reviews and information only on established forex brokers that are licensed and regulated by the leading financial regulation authorities.
We are required to request some information from you before you make your deposit to show that you are the sole owner of the bank account being used to fund your trading account. When you are ready to make a new deposit with a verified account, it should be automatically posted. Thank you for leaving a review, and we appreciate your kind words.
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Price-based alerts and trade notifications can be sent to you via email and push notifications. Find out how our mobile platform works with these short and informative video guides. Our experienced staff are on hand to assist you 24 hours a day, 5 days a week. As part of a NASDAQ-listed company, we’ve got financial strength and security you can depend on.

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Its fees are competitive overall and the broker generates most of its revenue from spreads. The products and services available to you at LimeFX will depend on your location, and on which of its regulated entities holds your account. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun. In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own.
Broker Types
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 https://limefx.group/ but misleading that it is your regulator’s will. The online application at LimeFX remains lengthier and collects more personal details than at many competitors.
- Learn why many traders prefer LimeFX over other brokers in this in-depth LimeFX review.
- Some platforms, our MetaTrader 4 platform included, do display a sort of “volume” indicator, but it does not represent the volume of FX contracts traded.
- Usually, the withdrawals take 2-3 business days to reflect into your bank account, in our case it was within 48 hours.
- Hence, accounts with less than $10,000 and no trading activity for over 12 months are subject to a $15 monthly inactivity fee.
- It said I had no open positions and there was no information at all on the app.
You can’t use a credit card, debit card or electronic wallets if you want to transfer money. A disadvantage for many traders can be that TD Ameritrade only offers trades on US markets. Although you can call, email, fax or visit them physically, this broker does now offer live chat as part of their customer support. LimeFX offers transparent pricing that varies depending on your account.
He has reported from more than a dozen countries, with datelines that include Sao Paolo, Brazil; Phnom Penh, Cambodia; and Athens, Greece. A former attorney, before becoming a journalist Eric worked in securities litigation and white collar criminal defense with a pro bono specialty in human trafficking issues. He graduated from the University of Michigan Law School and can be found any given Saturday in the fall cheering on his Wolverines. LimeFX was founded in 2001 and is headquartered in Bedminster, New Jersey.
We use over 50,000 data points and a consistent, fact-based methodology. You can solve your problems relatively quicker on LimeFX than on other forex brokers with old-school customer support methods. LimeFX is regulated by multiple high-trust international governmental regulatory authorities. The total assets held by LimeFX exceed $1.232 billion, making it one of the most secure and trustworthy FX trading platforms online.
Why choosing a regulated USA Forex broker doesn’t mean you have Enough Protection
A recipient of several best forex broker awards, the full-fledged forex trading platform has built up its reputation through years of seamless service. It is a globally regulated broker, thanks to their affiliates. Demo accounts provide traders with a demo account loaded with $10,000 in virtual capital in order to test the platform and try trading strategies risk-free. Rather than charge a percentage fee on all Forex trades, LimeFX trading costs are incurred via the spread.
Overall, LimeFX checks off most of the boxes needed to be considered a good broker. However, the impression that one gets is that it could be so much better if a bit more attention was paid to the primary revenue generator – the customer. limefx broker reviews New investors will find some helpful background information, but relying solely on LimeFX’s education to become proficient in the markets is unlikely. That said, the material covers all the major topics that a beginner should need to know.
The one difference between the web-based and downloadable offering is that guaranteed stop loss orders are only available on the latter and, furthermore, only for U.K./E.U. Globally, LimeFX offers clients access to a wide range of product offerings that span several asset classes. Clients have access to forex, equities, commodities, indices, bonds, ETFs, industry sectors, cryptocurrencies, gold & silver , and futures . Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide LimeFX or any other advice, for further information please read our General Terms and Conditions.
LimeFX does not offer “negative balance protection” for U.S. clients. This means that U.S. traders with negative account balances are on the hook for more money than they initially deposited into their accounts. LimeFX is recommended for forex traders who value a user-friendly platform and great research tools. LimeFX provides a wide variety of free resources and educational content, including free courses based on traders’ skill level and trading goals and webinars.
LimeFX is well established and regulated broker that offers the MetaTrader4, MetaTrader 5, NinjaTrader, and GTX-Forex ECN trading platforms for US residents and traders from other countries. LimeFX offers over 40 currency pairs, gold, and silver for your personal LimeFX and trading options. Unique FeaturesActive Trader ProgramLimeFX offers clients the out-of-the-box MT4 and MT5 trading platforms, best suitable for automated trading, plus its embedded social trading platforms.
How we make money
Margin or leverage trading increases your initial capital by multiple folds, depending on the leverage you have chosen. Even if you have a low amount to start trading with, you can increase it with margin trading for better profits. You need to fulfill some requirements before you can margin trade on the platform. LimeFX accepts credit and debit cards, direct bank deposits, international wire transfers, and even some e-wallets like Skrill, Neteller, or PayPal, depending on the region you are living in. The quickest methods are credit or debit card deposits, as your transaction will be instant and you will be able to start trading on the platform right away. Direct wire transfers or bank deposits might take some time due to the verification process.
In the few instances when they had technical issues, the trades/errors were reversed. It also has gained approval from several major regulators, including the NFA, CFTC, FCA, FSA, IIROC and CIMA. All kinds of deposits, whether they are credit/debit card deposits, wire transfers, or e-wallets, are free. LimeFX requires users to put in a lot of info before proceeding to the next registration step, where you will be asked to provide even more information. You also have to submit your official documents in order to verify your identity. The whole process of opening your account can take anywhere between 1 to 3 days.