Note, all clients must be 18 years of age or older to open an account. When comparing Lime Fx vs Interactive Brokers, for example, the broker comes out on top in terms of options pricing. ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings. With that said, there is a ‘Contests’ tab in the broker’s platform which can be monitored for the opportunity to win prizes. 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.
The Forex ECN account is a good option for active forex traders looking for the tightest spreads and access to popular currency pairs. Our only complaint is that while this broker offers negative balance protection on their Standard account, it is not available on the other trading accounts. This means clients can lose more than their account balance if the markets move against them. Lime Fx has solid trading platforms and competitive commission fees. Lime Fx provides a free, web-based platform that’s more advanced than most brokerage platforms.
Our review indicates that the brokerage and its trading platforms feature a host of market analysis tools to trade. There also are a host of educational, research, and news resources to help both beginner and expert traders understand and navigate the stock markets. Lime Fx provide asset management on stock markets of North America and Europe, in collaboration with a leading Russian investment holding, FINAM. The minimum amount required is $80,000 and there is an asset management fee from 20% charged based upon the NAV growth.
Deposits are processed within one business day while withdrawals can take up to 3 days. Lime Fx Online Ltd is a broker based in Cyprus and regulated by the CySEC. The brand offers forex, commodities, stocks, ETFs, CFDs, crypto, bonds, futures, and options. Lime Fx offers a free demo account with up to $1 million in virtual funds on the online and mobile platforms.
Our evaluation of Lime Fx shows there are limited trading promotions for retail traders. This is common in the online trading industry, and while it may be a disappointment to some investors, we do not rank Lime Fx down for this. Our team don’t recommend traders choose a broker based on sign-up bonuses. From on our assessment, Lime Fx provides an average offering of market research. There is real-time data to help with trading decisions, including an economic calendar, market news and information on initial public offerings (IPOs). The key benefits of this system are the tight spreads and fast execution speeds, which come in as low as 50 ms based on our evaluation.
We score and compare forex brokers in more than 15 categories. Lime Fx 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. However, customer support isn’t limited to regular work hours.
Lime Fx is a regulated broker in the EU by the (CySEC) Cyprus Securities and Exchange Commission. Additionally, Lime Fx is an accredited member of the Better Business Bureau with an A+ rating.
People come here to learn, hang out, practice, trade stocks, and more. Our trade rooms are a great place to get live group mentoring and training. Moreover, Lime Fx + is user-friendly and a cut above many brokerage-provided platforms. However, active traders may require a more sophisticated platform.
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. 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.
MT4 is our pick for beginners while MT5 is good for experienced traders thanks to its faster processing and greater breadth of indicators, order types and trading tools. Our review shows Lime Fx scores less favorably when it comes to withdrawals. Not all deposit options are available – bank transfers, card payments and some e-wallets such as PayPal are supported. For instant funding, I recommend card payments, which I find easy to set up, while bank wire transfers can take up to 5 days.
I was pleased to see that the broker gives you professional analytical assistance with high-quality research that covers most financial markets and instruments worldwide. This can be an excellent way to improve your knowledge of the markets and your trading strategy. Robo-advisor is a globally recognised service that aims to help traders using modern technologies. It is an automated investment adviser for creating and managing an investment portfolio with minimal human intervention. Investment portfolios are calculated individually for each client, based on the results of a questionnaire with 8 questions to determine your preferred risk preferences.
First, I needed an honest, realistic, and affordable education in the stock market. I needed to determine the type of trader I’d be before choosing the right broker. Brokers brag about their rates, like chat rooms claiming to help thousands of traders.
This means the broker limefx scammers effectively acts as a middleman to give traders access to the forex market. My only criticism is the fees for depositing funds to the ECN account, which don’t stand up against competitors like Pepperstone which doesn’t charge. However, we are disappointed to find that there are fees for depositing in ECN accounts, the amount of which varies depending on the method you use.
Importantly, profits are split 60% to the trader and 40% to Lime Fx. Keep an eye on the broker’s website to stay abreast of new deals. There may be a welcome bonus of up to $2,000 when signing up for a Lime Fx Online LTD pro account, depending on your location. This is a hefty account promotion though there may be limefx website withdrawal terms and conditions.
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