However, beginning traders frequently report needing to supplement with third-party educational resources to compensate for this gap. User experiences with Lime Fx’s customer support reveal inconsistencies that appear to depend on the complexity of issues encountered. Standard account questions typically receive prompt responses, while more technical trading problems occasionally generate less favorable reviews.
Lime Fx fees compared to Interactive Brokers fees
Lime Fx does not charge any deposit fees but withdrawal fees are charged on some payment methods, but it is unclear exactly which methods. Lime Fx does not charge any deposit fees but withdrawal fees are charged on some payment methods. 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.
Lime Fx provides support via phone, email, and live chat during standard hours (9-6 EST) with extended coverage for urgent issues. Comprehensive FAQ sections offer self-service problem-solving, and support is available in multiple languages for international traders. The broker’s association with WhoTrades offers social trading opportunities to observe successful strategies. Consider allocating commission savings toward third-party educational resources including books, courses, and trading communities for knowledge expansion.
Account Type
- Surely, this is one of the most prominent issues that you’ll probably notice immediately upon visiting the brokerage in question – it’s also among the more-common user Lime Fx complaints, too.
- We want the everyday person to get the kind of training in the stock market we would have wanted when we started out.
- However, while Lime Fx has taken the step of elevating its users’ trading experience, it still has much to do to stand shoulder-to-shoulder with the best brokerages.
- They also ensure traders get a straightforward trading environment.
- They also offer traders the chance to find out if the broker suits their strategy before committing funds.
These platforms provide traders with a range of trading tools and features to execute their trading strategies effectively across various markets. Lime Fx provides several specialized platforms including Sterling Trader Pro, Etna Trading Platform, OEC Trader, and CQG Trader, along with their proprietary Lime Fx Plus platform. Forex trading is one of its focuses, with a plethora https://limefx.club/ of currency pairs across major, minor, and exotic trading pairs. The extensive forex trading options make Lime Fx a perfect broker for an elevated trading experience. For those inclined toward commodities, Lime Fx provides a diverse asset range, including agricultural and non-agricultural securities. Lime Fx offers lower fees than most forex brokers based on our evaluation.
Final Thoughts: Lime Fx Review
The trading apps are ideal for me to take the markets with me in my pocket and get price alert notifications. 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 offers a wide range of instruments for trading, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. Trading fees are low and there’s a variety of trading platforms to choose from.
Broker Overview
It is one of the few local currency brokers, along with VTB24 Forex and Gerchik & Co, and Alpari, although the latter is a much larger company. Nor does the broker provide us with information about the processing of withdrawals or the withdrawal waiting times. Lime Fx applies a minimum trade size for all its accounts of 0.01 lots (micro lot). Match any two of these requirements to qualify as a professional client.
Besides providing direct market access (DMA), low commissions, the multi-regulated brokerage provides a modern high-speed infrastructure for instant trade execution. Their website is well-organized, withinformation readily accessible for prospective traders. Unlike some brokers,Lime Fx’s account types are defined by the type of asset traded – forex,stocks and options, futures, or CFDs. They offer a few account types withdiffering market access, fees, and commissions. Lime Fx is a regulated online broker offering a wide range of products, services, accounts and trading platforms.
- Traders should carefully review these before participating in any promotional offers.
- The broker provides the latest market news from the world of economics and finance.
- However, I personally prefer the MetaTrader platforms as I feel that they are the most user-friendly.
- Lime Fx offers a compelling combination of competitive pricing, diverse trading instruments, and reliable execution—core elements for successful trading.
- While the fees are reasonable, I think they could improve the educational resources for beginners.
Like some of its major competitors, Lime Fx aims to educate its users through various learning resources. However, while Lime Fx has taken the step of elevating its users’ trading experience, it still has much to do to stand shoulder-to-shoulder with the best brokerages. With its regulatory oversight, Lime Fx offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers. In other words, Lime Fx is for the pragmatic trader seeking simplicity and efficiency. In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.
Meanwhile, the demo account allows new and experienced traders to practice strategies in a risk-free environment using virtual funds. The crypto trading fee structure features a flat 0.35% transaction fee, which many reviewers note is higher than specialized crypto exchanges. Users particularly appreciate the ability to purchase crypto with credit/debit cards or bank transfers, though a 3% fee applies for bank wire transfers. Lime Fx is a decent platform, but I found the interface a bit outdated. The customer support is okay—they resolved my issue with a delayed withdrawal within 48 hours.
Account holders get tight spreads with a very low commission rate, plus access to the powerful MetaTrader 5 platform. In this Lime Fx review, we’ll cover their platform, what they do, and pricing. This broker is a US deep discount brokerage owned by WhoTrades, Inc., a Russian-owned company in 2015.
You may fund the account via ACH, wire transfer, or account transfer. In this Lime Fx review, let’s look at their fees and commissions. Furthermore, stocks and options are priced according to two different plans. SterlingTrader® Pro – SterlingTrader® Pro is aprofessional-grade trading platform designed for active traders. It offershigh-speed execution, customizable interfaces, and a wide range of orderrouting options (including DMA, dark pools, market makers, etc.).
N1CM Review
Our tests show that only a select few brokers, such as Saxo Bank, can rival Lime Fx when it comes to the number of trading products. 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. Other fees to be aware of are the swap fees that are charged on positions held overnight. Traders should also keep in mind that triple rate swap fees are charged on a Wednesday. On limefx company reviews the downside, our research has revealed that swap-free accounts are not available.
Now, if you plan on trading cryptocurrencies long-term, that’s not an issue. However, it can still prove to be annoying, granted that many exchanges out there have much smaller requirements, a far as crypto purchases go. However, if you’re already an experienced trader who wants to diversify their assets as much as possible, unfortunately, you won’t be able to do so on J2T CryptoExchange.