LimeFx Review A decent multi-asset broker with the widest range of assets

The Standard and Forex ECN accounts primarilyoffer CFDs for forex, precious metals, and indices/energies. Sterling Trader Pro is another platform that is available to LimeFx customers. Some broker-dealers charge for this, so free access is quite generous. The software offers direct-access routing, option tools, and real-time market data.

The broker is ideal for traders seeking an uncomplicated, user-friendly platform for seamless trade execution. It’s not packed with complicated features, making it less daunting for beginners. Cost-conscious traders would appreciate its competitive spreads, reflecting the broker’s commitment to affordability. LimeFx is a discounted brokerage firm, designed for the value-focused trader.

1. Feel free to ask questions of other members of our trading community.
2. Overnight funding fees and other transaction charges, require detailed understanding on the LimeFx platform.
3. Investing in futures and options costs $1.50 per contract per side (buy or sell).
4. 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.

LimeFx offers several platforms and doesn’t charge a dime for any of them. With the per-share plan, equity trades are 0.25¢ per share, with a https://limefx.biz/ minimum commission of 50¢. The per-share commission drops to 0.15¢ per share for accounts that can trade more than a million shares per month.

In order to receive more ideas for trading shares, you need to have a ROX (Global Exchanges) account. The holders of these accounts can receive signals on US stocks more regularly. Completing this short overview of QTrader, let us say that CQG Incorporated, as a company producing software limefx website for trading at the exchange, was established in 1980. And QTrader is a rather complex product with years of work behind it. In fact, a whole book can be written about the multiple functions of QTrader platform. However, this is not the purpose of our review, so let’s move to CQG Desktop.

You can select your base country when you sign up for a new account. LimeFx caters to active traders with competitive pricing for those who trade in high volumes. The company is a FINRA registered broker-dealer and a member of the SIPC and NFA. LimeFx is licensed by NFA, FINRA, Bank of Russia, and is a CySEC regulated broker-dealer.

Methods of withdrawal and fees

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. Conditions of LimeFx for holding marginal positions cannot be considered attractive for developed markets. Noteworthy, the minimum deposit for trading US options on LimeFx is $3,000. We estimated the broker’s conditions on the options market as average. However, for large volumes of trading, the commissions are low. The broker provides access to trading options on US exchanges.

Commissions on withdrawals vary, with the highest coming in at 2.8%. FINAM Bank and China UnionPay are free, but only ECN accounts are able to use credit cards free of charge. Keep in mind that your bank may also charge fees for transactions.

In this LimeFx review, we look at the platforms they offer. Therefore, any trader style should find a suitable platform among the choices. OEC Trader is a desktop platform that is designed for futures trading.

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The Bullish Bears team focuses on keeping things as simple as possible in our online trading courses and chat rooms. We provide our members with courses of all different trading levels and topics. Each day we have several live streamers showing you the ropes, and talking the community though the action. Brokers brag about their rates, like chat rooms claiming to help thousands of traders. Finding the correct broker and subscribing to the right education program took me a long time.

Swaps on Forex

Each day our team does live streaming where we focus on real-time group mentoring, coaching, and stock training. We teach day trading stocks, options or futures, as well as swing trading. Our live streams are a great way to learn in a real-world environment, without the pressure and noise of trying to do it all yourself or listening to “Talking Heads” on social media or tv. Moreover, LimeFx + is user-friendly and a cut above many brokerage-provided platforms. However, active traders may require a more sophisticated platform. Ryan is a day trader with over a decade of market experience ranging from basic investing to active day trading.

ECN accounts incur a 2.25% to 3% commission; Trustly and UnionPay are free to use. As for speed, most transfers are instant, with bank wire taking 2-5 business days. 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. 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.

Our watch lists and alert signals are great for your trading education and learning experience. Second, the Per Share Plan, which caters to high-volume traders, charges tiered rates per share. Any stock that is hard-to-borrow must be requested through chat or over the phone. If you need to locate a hard-to-borrow stock, LimeFx will try to find it for you over the phone.

In addition, the platform has 11 preconfigured options trade structures available, including butterflies, calendar spreads, covered calls, iron condors, and straddles. The web-based platform also has a clean and intuitive interface that displays total profit and loss, plus charting functionality. Traders can speculate on a modest selection of the largest cryptos by market cap including Bitcoin. On the downside, crypto trading is only available to clients from Asia which is more restrictive than many alternatives. In essence, LimeFx has a deposit and withdrawal structure prioritizing efficiency with no hidden costs.

DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by LimeFx and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare LimeFx with the top 3 similar brokers that accept traders from your location.