The daily deposit limit is set at $100,000 and withdrawals capped at $25,000. These amounts can take up to 7 business days to reflect in your Lime Fx account and can only be withdrawn via ACH 10 days after the date of deposit or 60 days via check or bank transfer. The discount broker further provides limited ETF-related educational and research reports.
A Sophisticated & High-End, Yet Simple to Use Trading Platform
Lime Fx doesn’t charge withdrawal fees, but external payment providers may have their fee structures. Judging by standard procedures, new customers may get their accounts activated within a day, depending on the availability and genuineness of their documents. Lime Fx doesn’t charge withdrawal fees, prioritizing smooth and straightforward financial transactions. I took a chance on Lime Fx after a friend recommended them (so far I’m glad I did). I was looking to dip into IPOs without needing a huge capital layout, this was one of the few brokers I found letting you in with $1000.
After this you will need to fill out a questionnaire to ensure your suitability for the products and services offered, this is done to protect inexperienced clients. If accepted you can then upload your documents to verify your identification (passport, drivers license, etc) and address (e.g. utility bill no older than 3 months). Once verified by the Lime Fx account team, you can then fund your account and commence trading.
Withdrawal Methods
These tools can monitor the markets, detect trading opportunities, and execute trades based on predefined criteria. For traders looking for a hands-off approach to trading, EAs can be an essential part of their strategy. Brokerage commission equals 0.006 USD per share on US stocks and commissions start from 1.5 USD per trade.
The MT5 Global account is particularly competitive, with spreads from 0.0 and a commission up to $2, which is significantly lower than most alternatives. Lime Fx also offers a professional account for high-volume traders with a minimum deposit of $5000. The key benefits here are access to more than 50 execution routes, as well as powerful trading software like Sterling Trader Pro. The Forex ECN account is a good option for active forex traders looking for the tightest spreads and access to popular currency pairs. For traders who require a more robust platform, Lime Fx offers several options. The brokerage recommends the platforms according to the type of security traded.
Web Trading Apps
Alternatively, you can open a free demo account if you prefer to get a feel for what the broker has to offer. This can be a great way to see if they will meet your specific needs. I think they can be a good choice for anyone who is looking for convenient trading in a regulated environment. Lime Fx is a globally recognized Forex and multi-asset broker that offers traders access to a broad range of financial instruments, competitive trading conditions, and a variety of account types. The broker focuses on providing excellent platforms, advanced trading tools, and exceptional customer support to meet the needs of traders at every level.
Lime Fx futures and futures options review
Active traders should be wary, though, of Lime Fx’s rudimentary website design and below-par research tools and platform. If you’re an active trader who wants to make sure they can get the most out of their investments, you need the research and a smooth interface by which to do this. Lime Fx, despite their great fee structure, simply doesn’t have that.
- The views expressed here are based solely on the writer’s opinion, research, and personal experience, and should not be taken as factual information.
- When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange.
- The transaction fee might not tell you that, though – at 0,35% per transaction, it might seem mediocre, at best.
On the other hand, there’s a 2 USD commission per traded lot per side. The available trading platform is MetaTrader 5 with a minimum initial deposit of 100 USD. There are 50 currency pairs available for trading on this account in addition to indices and commodities.
We realize that everyone was once a new trader and needs help along the way on their trading journey and that’s what we’re here for. We could charge more, but we have a pay it forward, give back mentality. We want to feel good about what we do, and the results and reviews speak for themselves. However, if you’re a neophyte (a little green behind the ears), your first consideration may be the kind of support and training you’ll receive. Lime Fx provides a demo for each of the platforms to help you choose.
- Keeping this information in mind, it makes sense that there are multiple other factors that need to be accounted for.
- Lime Fx requires a $3,000 account minimum for trading withthis platform.
- MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).
- It’s no wonder, really – buying cryptocurrency with a credit or debit card is probably the simplest and most-straightforward way of going about it.
The broker also provides a range of trading platforms including MetaTrader 4, MetaTrader 5, CQG, J2TX, and Sterling Trader Pro. 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 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.
There are no minimum deposit or withdrawal limits for bank wire transfers. Deposits are processed within one business day while withdrawals can take up to 3 days. Lime Fx offers 24/7 customer service,which can be contacted via online chat, email, or telephone.
TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. The verification process typically takes 1-3 business days, depending on the accuracy and completeness of the submitted documents.
For traders adhering to Islamic finance principles, the broker offers an Islamic (swap-free) account, aligning with Sharia guidelines. The commitment to client security is evident in its provision of segregated accounts, ensuring that https://limefx.club/ the broker separates client funds from its operational finances. Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks. Lime Fx recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. 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.
Withdrawals are processed quickly, with most requests being completed within 1-3 business days. scammed by limefx Lime Fx charges no fees for withdrawals, but like with deposits, third-party payment providers may impose charges. Traders can withdraw funds through the same methods they used to deposit, ensuring a streamlined process.
It offershigh-speed execution, customizable interfaces, and a wide range of orderrouting options (including DMA, dark pools, market makers, etc.). This provides access to the MetaTrader 5 platform,spreads starting at 0 pips, and a commission of $2 or less. The Forex demo account at Lime Fx isdesigned for traders who are new to forex markets. It allows for practicetrading without risking real funds, offering a way to become familiar withtheir trading conditions.
Lime Fx also offers Islamic accounts that comply with Sharia law. These accounts are swap-free, meaning that traders do not have to pay or receive interest on their trades. This option is ideal for Muslim traders who wish to trade in accordance with their religious beliefs. The broker provides trading opportunities in commodities such as gold, silver, oil, and agricultural products. These assets are highly popular with traders who seek diversification and want to capitalize on market movements in these sectors.