LimeFx offers direct access to several dozen international stock markets. In particular, there is a commission per share for the U.S. stock market, which we estimated as low. In the majority of other markets, the broker charges commission as a percentage of the trade volume, while its size ranges from average to high.
- And QTrader is a rather complex product with years of work behind it.
- He makes six figures a trade in his own trading and behind the scenes, Ezekiel trains the traders who work in banks, fund management companies and prop trading firms.
- As a reminder, a marginal position means that you purchase securities not only with your own money, but also borrow from the broker.
- Also, it’s worth mentioning that LimeFx has no deposit fees for cryptocurrencies and tokens – there’s but a 3% fee for a bank wire transfer.
The brokerage is secure and reliable, and is certified in the US, EU, and UK. The commission fees are very low, and you’ll also be able to use the platform on all of your main devices (mobile, desktop, the web). To be fair, that is likely because of the fact that J2T CryptoExchange isn’t primarily a cryptocurrency exchange, but rather a stock-and-other-asset brokerage. They’ve figured out all of the security and certification details a long time ago, and thus, offering fiat-crypto support was likely not an issue. That said, as far as the less-known exchanges and brokerages go, it’s actually still not that common to come across a platform that would offer fiat payment support.
When it comes to cryptocurrency trading, things are a tad bit different – crypto enthusiasts will be able to utilize a high-end, yet very simple exchange interface for all of their crypto trading wants and needs. There is no indication of whether LimeFx offers the option of an Islamic account to traders who are of Muslim faith and who operate under Sharia Law. The broker’s customers can download a plugin for MT4 to use this information right on the chart of the platform.
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We do not present any investment advice or guarantees for the accuracy and reliability of the information. Now, to finish off the review, let’s see just how difficult (or simple) the registration process to the site actually is, and how long it takes for you to be able to start trading crypto. 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 LimeFx complaints, too. 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. It’s very quick, super-beginner-friendly, and you can also expect the crypto coins to reach your wallet in minutes. The MT5 platform is used for some alternative trading options – we’ll get to that in a bit.
- 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.
- Those who already have some trading experience
can opt for the Forex ECN account, which
delivers the greatest execution speed and extremely low spreads that begin at 0
- Nevertheless, many customer reviews have complained about the slow customer service of this broker.
- Therefore, is easier and more straightforward for traders to trade without worrying about the cost of trading.
- I think this is an excellent market analysis software that could easily cost thousands as a standalone product.
On LimeFx, you can open an account in one of three currencies – EUR, USD, RUB. If you perform transactions in other currencies, they will be automatically converted into the account currency. Before starting the procedure of account opening, you need to provide basic information (phone number, email, and full name). It is green and can be found at the top of LimeFx.online website.
Also, there is a good chance to get confused about the account, as one and the same account could have different names in different places. For example, on the website, the account’s name is US Exchanges, and inside your personal account – Global Markets. In order to open a real account of Forex Standard type, USD 100 is enough. Robo-advisor is a service for automatic composition of an investment portfolio. Legally, it belongs to Just 2 Trade Online LTD with the license in Cyprus.
Our review indicates that traders on the platform can trade up to 90,000 futures and futures options instruments. The US brokerage employs a market maker straight-through processing (STP) broker model. It supports the trade of mutual funds, stocks and bonds, ETFs, futures and futures options. On its website, claims to have integrated modern technologies into its wide range of brokerage limefx company reviews services to bring about a low priced as well as “fresh and native” trading experience. Our LimeFxr broker 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.
MetaTrader 4 is offered with the
Standard, Forex ECN, and Forex ECN Pro accounts and can be used as a desktop,
mobile, or web app. LimeFx is an
established market leading European online discount broker offering its
services to clients in more than 130 countries since 2016. LimeFx is a brokerage company offering trading services for clients
Cyprus. Besides lots of currency pair,
LimeFx also offers some instruments you would like to trade on, such as
Forex, CFD, Stocks and Crypto for your best choice.
LimeFx Review Navigation
Personal account on LimeFx might not be considered to have the purest design or be as user friendly as possible, but its structure is quite intuitive. You will need to spend a little bit of time getting to know where everything is. MT5 Global https://limefx.club/ account is the successor of the one earlier called Single Trading Account. The broker decided to reorganize the account structure and now it is impossible to open a Single Trading Account, although open positions are still supported on them.
It is available inside the personal account of a LimeFx customer and visually shows the map of ‘hot stocks’. The bigger the circle with the ticker, the more attention the stocks enjoy in the market. For example, from the screenshot above, it is evident that PFE is extremely active. This is due to the fact that at the time this review was being prepared Pfizer announced production of a Coronavirus vaccine, which is why its securities grew over 6% a day.
The broker’s commission depends on the volume of trading – the higher the number of the contracts, the lower the commission. To begin with, below is a table of the broker’s commissions on each market, excluding exchange and clearing fees. Then, we will use examples to see how beneficial they are compared to other brokers.
Markets and products
Transfers in from one account – say the IRA – to the LimeFx account are free. The secure LimeFx back office handles all financial transactions for verified clients. Still, it adds that it does not accept clients from countries or “territories where such distribution would be contrary to local law or regulation.” Account verification is mandatory as LimeFx complies with AML/KYC requirements. Most traders will satisfy this by sending a copy of their government-issued ID and one proof of residency document.
In this review, we will analyze the features and services the broker provides, outline its strong suits and weaknesses and also compare the broker with such strong competitors as Degiro and Swissquote. Competitive commissions and fees and a wide range of available markets are the key advantages of LimeFx. 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 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.
Spreads on this account type start from 0.5 pips with no commission charged. This service is for clients who prefer to make investment decisions with professional assistance. Using market research of the brokers experienced analyst team, clients can get the opportunity to create their own investment strategies. There is a range of asset management solutions for those who wish to invest their funds in global financial markets, with full control over their investment portfolio. LimeFx is a brokerage platform that is providing its services since the year 2007. With offerings of a wide range of trading instruments, LimeFx has made its name as a reputable broker in the financial market.