The broker does not offer services to the United States or any other jurisdiction where such products or services are not permitted. If you find that your country is not accepted, please feel free to take a look at our broker ratings for another option. Its main goal is to promote efficient, transparent and integrated financial trading infrastructure, ensuring a higher degree of investor protection. The directive contains measures for the organisation and functioning of investment firms, facilitating cross border trading, while creating strategic opportunities. Feel free to ask questions of other members of our trading community. 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.
Company History
Lime Fx offers an array of trading accounts and platforms, plus low spreads and commission charges. The brand is also available in various countries around the world. Its thousands of instruments and leading tools also separate it from competitors.
Compare Trading Instruments
That being said, the platforms built-in tools should be more than enough for most traders. It’s important to treat day trading stocks, options, futures, and swing trading like you would with getting a professional degree, a new trade, or starting any new career. If you’re an experienced active day trader, you may find that Lime Fx has better rates than your current broker. Other things to consider include the interest they pay on your uninvested funds, the type of securities offered, the initial investment required, etc.
Platform
Also, we limefx scammers provide you with free options courses that teach you how to implement our trades as well. Lime Fx provides a demo for each of the platforms to help you choose. Second, the Per Share Plan, which caters to high-volume traders, charges tiered rates per share. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. The company now has more than 155,000 clients in over 130 countries.
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On the downside, the minimum investment is fairly high at $500. Also, similar to the copy trading service, there is no guarantee you will make a profit. On the downside, our research has revealed that swap-free accounts are not available. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Sterling Trader Pro is a direct-access platform for equities and options. The options chain also highlights in-the-money options for faster decision-making.
Customer service can be reached using the telephone number, email, and live chat on the website. This is a drawback versus some competitors who offer around the clock customer support. The global social network, WhoTrades, allows traders to construct a personalized feed and discuss ideas, companies/securities, news, and strategies of interest.
The broker has been providing online brokerage services since 2006 and are trusted by 155,000+ clients from 130 countries. They cater for retail and institutional clients with the possibility of integrating third-party trading programs through an Open API. For traders who require a more robust platform, Lime Fx offers several options.
ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. 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. There are also withdrawal fees with this account, reducing its appeal. Compare the markets and instruments offered by Lime Fx and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Lime Fx caters to active traders with competitive pricing for those who trade in high volumes.
The Trustpilot Experience
And for a pattern day-trading account, no surprise here, the minimum is $25,000. You can set goals such as general savings, retirement or college savings, which makes the tool user-friendly and gives you clear aims. You then choose an investment portfolio and let the robo-advisor provide advice and services. 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.
The company is a FINRA registered broker-dealer and a member of the SIPC and NFA. Lime Fx is a discount brokerage founded in 2007 and headquartered in Limassol, Cyprus. The brand was acquired in 2015 by WhoTrades Inc, a company that promotes social trading services. In addition, the platform has 11 preconfigured options trade structures available, including butterflies, calendar spreads, covered calls, iron condors, and straddles. 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.
- Account holders get tight spreads with a very low commission rate, plus access to the powerful MetaTrader 5 platform.
- Overall, when we used Lime Fx, our team found that it stood out for its wide selection of advanced trading tools.
- On the downside, to manage all of these from the same interface, a trader will need to use a third-party application.
- The withdrawal time can vary depending on the payment provider and method.
The desktop platform I use for complex chart analysis and auto trading. The trading apps are ideal for me to take the markets with me in my pocket and get price alert notifications. Lime Fx is a leading international brokerage company, empowering traders worldwide with direct access to major global financial markets.
Our team don’t recommend traders choose a limefx broker based on sign-up bonuses. Lime Fx offers ultra-fast trade executions, low fees and powerful platforms, making it a good pick for day traders. It provides a competitive environment for active day traders. In our Lime Fx.online review, we have covered how it works, alongside the pros and cons. The broker is most likely to appeal to independent day traders and active swing traders looking to keep costs down while accessing advanced technology and analysis tools. Algorithmic traders may also have an interest in Lime Fx given the ease with which APIs and custom automated trading applications can be connected.