LimeFx Review 2023 Expert View On Stocks & Options Broker

It offers market and limits orders on close, and the time duration can be set today or for extended hours. LimeFx requests four different platforms, which include MetaTrader4 and MetaTrader5, CQG, and ROX. Two out of these named MetaTrader 4 and 5 are well-known because they are most used by the traders. LimeFx also offers partnership programs for institutional trading and for individuals who want to become introducing brokers (IB).

• LimeFx provides access to a free demo account that facilitates risk-free investing practice.
• LimeFx is considered a reliable broker with good trading solutions.
• Besides, LimeFx is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF).
• This should help you form an opinion on the reliability of the online broker and aid your decision on whether to trust them with your cash.

LimeFx currently employs over 1200 employees and maintains offices in over eight countries including the United States, China, and the United Kingdom. In this LimeFx broker review, we vet its reliability and look at how trimmed trading costs have affected this deep discount broker’s effectiveness and competitiveness. CQG is available in various different high-end terminals both for investors and for speculative traders.

Per trade plan:

LimeFx have a variety of 20+ convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card and online payment systems such as Neteller and Skrill. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal. The FIX API is an electronic communications protocol that was developed for the real-time exchange of trade-related information. It is commonly used by professional traders and allows you to avoid the use of intermediation software.

Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries.

The platform is also offered for partnership programs by LimeFx. However, some account types, such as the Forex ECN account, have higher minimum deposits https://limefx.vip/ (£200 in this case). LimeFx offers a range of trading platforms to support the needs of investors with varying abilities and trading volumes.

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. Traders’ protection is provided by coverage through the compensation fund in case things go wrong with the broker, so traders may stay assured of their funds’ safety. We found that LimeFx also provides negative balance protection while trading Forex.

#2 Futures and Options

If you are an institutional trader then you will be impressed with the FIX API connectivity and managed accounts whereas there is the professional account option. If you are looking for a convenient way to trade the markets, I would certainly give them further consideration. LimeFx is a regulated online broker offering a wide range of products, services, accounts limefx forex broker and trading platforms. They provide global traders with competitive trading conditions and fees. In our LimeFx broker review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms. The in-house platforms include the LimeFx+, LimeFx pro, the commission-free LimeFx Lite, and LimeFx mobile apps.

This includes CQG Integrated Client, CQG Spreader, CQG QTrader, CQG Trader & CQG Desktop. Also makes it possible for its clients to invest and trade more than 3,000 mutual funds listed on its platforms. Our review is nonetheless alive to the fact that its platform doesn’t have an integrated mutual funds screener. Our review indicates that the brokerage and its trading platforms feature a host of market analysis tools to trade. 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.

Account types

If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points. Our website provides detailed reviews and ratings on trading brands. Alternatively, you can head to forums and sites like Trustpilot for other user reviews. In addition, the platform has 11 preconfigured options trade structures available, including butterflies, calendar spreads, covered calls, iron condors, and straddles. 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.

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. However, higher ratios are available for professionals, thereby proving its efficiency and its status as a trusted trading platform. With customizable charts and real-time data streaming, it is browser-based.

The brokerage also provides access to several third-party platforms, including Sterling Trader Pro, CQG, ROX, and the iBroker mobile app, with access to demo versions. For options, LimeFx charges a fee between $1.00 and $2.15, depending on the number of contracts. For investors trading options in non-trivial volumes (i.e., beyond 10 per month), LimeFx offers competitive costs. This drops to as low as $0.0025 per share for accounts trading in volumes of at least 500k shares a month. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs.

LimeFx Review Navigation

LimeFx offers bonuses today, which are available for individual submissions to the broker. The platform further has already-configured options, including Covered Calls, Iron Condors, etc. Wire transfer, OFX transfer, ACH transfer help in the funding of a LimeFx account. Such accounts at LimeFx are not debit card / Paypal / credit card checks funded. Hence, protecting the consumer leverage ratio is way smaller than Forex offered before.

LimeFx Fees

They roll out a basic and a Pro account, thereby catering to a range of trader proficiencies. LimeFx maintains up to 14 different types of user accounts on its platform. 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 global social network, WhoTrades, allows traders to construct a personalized feed and discuss ideas, companies/securities, news, and strategies of interest. The service is also accessible to all, not just LimeFx clients. LimeFx offers a free demo account with up to $1 million in virtual funds on the online and mobile platforms. After you sign up, you can use the LimeFx login page to start investing with simulated funds. CQG gives direct access to over 40 global markets and products, including futures and options. To have access to trading accounts, LimeFx’s mobile applications, LimeFx+, and LimeFx pro offer pin and fingerprint protection.

For traders adhering to Islamic finance principles, the broker courteously offers an Islamic (swap-free) account, aligning with Sharia guidelines. The commitment to client security is underscored with their provision of segregated accounts, ensuring client funds remain distinct from the broker’s operational finances. However, they’ve made a conscious choice to veer away from managed accounts. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method.