However, a positive point regarding the withdrawal functions of LimeFx is that there are no additional withdrawal charges which many other brokers apply. Only third-party charges are applicable when clients withdraw funds from this platform. Moreover, even in cryptocurrencies, the withdrawal amount is less than many other brokers which is 2% of the total withdrawal funds. The fees and commission policies are not clearly defined on the website. However, it is mentioned in the trading commissions section that all trading transactions will have a 2.5% commission rate per trade. Comparatively, we can say that the commission charged by LimeFx is relatively low compared to other brokers.
They offer direct access to the markets with competitive commissions, reliable execution and maximum liquidity from their liquidity providers (LPs). Liquidity is aggregated from major banks which allows them to provide low spreads starting from just 0.0 pips. These are really top trading conditions that put them up there with industry leaders such as Pepperstone. I like how there is no dealing desk intervention as this can prevent there being a conflict of interest as there can be when using a market maker broker.
- For trades that are made with the assistance of the broker, there is an additional fee of $20.
- The broker offers a complete gamut of financial services that include FX, stocks, bonds, futures and options.
- Moreover, another positive aspect of LimeFx is that it is a regulated and licensed firm with EU authorization for the security of customers’ funds.
- Over the years, it has gained the trust of over 1 55,000 clients across the world.
- With OTC securities and Exchange listed that are below $1.00, the applicable fees are $2.50 + $0.003 per share for entire order.
Our review indicates that the brokerage and its trading platforms feature a host of market analysis tools to trade. Regardless of these differences in many ways, both these films are also very similar. For instance, Avatrade and LimeFx provide the same trading instruments and minimum deposit requirements, and high liquidity to their customers. To sum up we can say that both are trustworthy brokers however there is an edge to Avatrade over LimeFx brokerage services.
For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your limefx broker reviews own needs. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.
Bank wire transfers:
However, it is time-consuming and exhausting to find one reliable, licensed, and legitimate brokerage firm for trading investments. Among these brokers, LimeFx fits the criteria of an online broker worthy of small or large investments. Hence, for profitable trading one can rely on LimeFx brokerage services.
- This procedure will help readers to have a better insight into the pros and cons of LimeFx as a brokerage company in the financial markets.
- At Asia Forex Mentor (AFM) Evaluation, we try to analyze various brokerage platforms that are operating in the financial markets.
- One of the common electronic payment networks in the United States.
- TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
- The daily deposit limit is set at $100,000 and withdrawals capped at $25,000.
Being used for more than thirty-five decades in the financial industry, it has gained an excellent reputation and stands at a standard place in the trading platforms. All the credit and debit cards as well as the electronic transfer of payments are instant and do not have any additional fees. However, bank transfers take an average time of 3-5 working days depending on the bank procedures. Additionally, bank transfer fees that are applied by the local banks are also charged through this method.
Is LimeFx a good cryptocurrency brokerage?
Don’t get me wrong – the registration was definitely not “difficult”, in any sense of the word. However, if there was one thing I could change about it, it would have to be the one-page format. For any beginner trader, it can seem very overwhelming, and they might opt out and pick another, simpler-looking exchange, instead. First of all, you’ll need to provide your full legal name again, your country of birth, and your nationality. If you’re just starting out with crypto, 5 coins might actually be just enough!
Like any other brokerage firm, LimeFx also provides helpful customer services to clients. Hence, LimeFx users get professional consulting services as well. LimeFx is an online brokerage service, operated by lime financial trading Ltd, that is providing its services worldwide since 2007. After evaluating LimeFx based on the above-mentioned criteria it was observed that it is a firm that has passed these tests. LimeFx provides all the services that are needed by a trader or investor for successful trading in the financial markets. When it comes to reliability, legitimacy, security, profitability, and advanced technology all these elements are present in LimeFx trading services.
LimeFx guarantees that the information provided is safe and secured, and it is protected when the details are sent to the site as well. One of the common electronic payment networks in the United States. After establishing an ACH relationship between the LimeFx and the person’s bank account, fund transfers get facilitated.
Review Methodology
They have convenient rates that are suitable for both beginners and experienced traders. J2T CryptoExchange proves to be a great place to start investing, in general, since it offers a wide range of different assets for you to tinker with and, evidently, https://limefx.biz/ purchase. You can also create a demo account if you’re not still sure about the entire process, which will give you a chance to try out the platform at your own pace. Now, if you plan on trading cryptocurrencies long-term, that’s not an issue.
Supports a Small Variety of Cryptocurrencies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. We have scanned fees (minimal spreads) that LimeFx charges when trading popular currency pairs, here is their breakdown in pips. The rest of this review will go into greater
detail regarding the offerings, accounts, and conditions available from
LimeFx.
How Are You Protected?
LimeFx 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. These can be traded on both the proprietary and third-party trading platforms and their fees are commission-based. LimeFx is an experienced broker that provides a wide variety of services, products, and trading platforms.
LimeFx Customer Service
Lightspeed Trader – Delivers a
robust trading system to professional traders that demand highly established
market data with ultra-low latency and performance. LimeFx is an
established market leading European online discount broker offering its
services to clients in more than 130 countries since 2016. If you are a high volume trader, then Per-Share plan would be more suited for your trading activities. LimeFx offers over 30,000 trading instruments with spreads starting from 0 pips and a full range of powerful trading tools. Derivatives on the per-trade plan cost 50¢ each plus the $2.50 base.
LimeFx offers its clients access to trade Forex, Stocks, Futures, Bonds, Metals, Options, and CFDs on Shares, Energy, Indices, and Cryptos. Based on our findings, for Forex instruments the brokerage commission equals $2 per lot and the margins from 2% and lower. Forex and CFD Standard account is a good option for beginners or regular-size traders with all costs included in the spread.
The per-trade schedule requires $2,500 to start trading, and if an account slips below $2,000, LimeFx will suspend the account’s trading capability. The per-share plan apparently is designed for day traders, as it has a minimum balance requirement of $25,000. It also charges a monthly fee of $333, although this rather uncomfortable charge is reduced by any commissions paid during the month. ROX is a sophisticated electronic order management system with instant routing to exchanges, ECNs, market makers and MTFs world-wide.