LimeFX is a globally renowned online securities trader that best describes itself as a deep discount brokerage house. The brokerage was launched in 2006 in Washington DC by Success Trade Securities. Currently employs over 1200 employees and maintains offices in over eight countries including the United States, China, and the United Kingdom. In this broker review, we vet its reliability and look at how trimmed trading costs have affected this deep discount broker’s effectiveness and competitiveness.
Is LimeFX a good broker?
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. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. The forex broker holds a license with the Cyprus Securities & Exchange Commission (CySEC).
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Online APIs, such as REST API, support the integration of additional features to the standard broker experience. LimeFX offers a range of trading platforms to support the needs of investors with varying abilities and trading volumes. Our experts tested and reviewed each trading platform in more detail below. LimeFX supports various deposit andwithdrawal methods, including wire transfers, credit cards, PayPal, Skrill, andNeteller. Funding is immediate for most methods, with the exception of wiretransfers.
Regulation and deposit protection
Virtual accounts are excellent for beginner investors, as well as more experienced clients looking to test a new trading strategy. In addition to these platforms, there is also ROX, which provides access to US stocks and options exchanges. Broker maintains up to 14 different types of user accounts on its platform. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. In our assessment, LimeFX is best for active forex traders looking for ultra-tight spreads with ECN pricing and fast execution speeds. Our evaluation of LimeFX shows there are limited trading promotions for retail traders.
How To Make A Withdrawal From LimeFX
- The US brokerage employs a market maker straight-through processing (STP) broker model.
- The Forex demo account at LimeFX isdesigned for traders who are new to forex markets.
- ForexBrokersOnline.com earns money from affiliation deals with our partners.
- Forex trading is one of its focuses, with a plethora of currency pairs across major, minor, and exotic trading pairs.
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. In essence, LimeFX has a deposit and withdrawal structure prioritizing limefx efficiency with no hidden costs. Such policies solidify LimeFX’s reputation in the financial trading space. LimeFX doesn’t charge withdrawal fees, but external payment providers may have their fee structures. LimeFX’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads. LimeFX doesn’t charge withdrawal fees, prioritizing smooth and straightforward financial transactions.
For investors who want to trade on the go, LimeFX provides a seamless mobile trading experience with dedicated applications for Android and iOS devices. These apps enable traders to execute trades, analyze charts, and manage their accounts from anywhere. Details regarding futures trading fees are subject to verification, and potential traders limefx courses scam should consult LimeFX’s official platform for accurate, real-time information. Forex trading fees work using spreads to eliminate additional commissions or fees.
The broker immediately gives you access to an MT5 user id and password for the web, desktop and mobile app separately along with $100,000 in virtual funds. LimeFXr, the deep discount broker, has throughout the years been awarded and recognized for its contributions to the online brokerage industry. These can be traded on both the proprietary and third-party trading platforms and their fees are commission-based. Our experience shows that once verified, the funds will be returned to your account instantly in the case of e-wallets and within 5 days if you choose bank wire. LimeFX processes withdrawals within 24 hours of the request being made.
Negative balance protection exists for certain account types at this broker, meaning traders with the right account types can never lose more than their deposits. 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.). Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges. These can only be traded on the broker’s proprietary trading platforms where LimeFX Pro charges $2.50 per trade but are commission-free on the LimeFX lite platform.