LimeFx Reviews and Comments written by Real Forex Traders

Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Finally two-factor authentication is enabled while the desktop platform requires user credentials (username, password) as well as a security phrase/image and pin. Importantly, profits are split 60% to the trader and 40% to LimeFx.

1. Investing in futures and options costs $1.50 per contract per side (buy or sell).
2. The firm doesn’t accept deposits in cryptocurrencies, such as Bitcoin and Ethereum.
3. This is a special account for beginners with a lower minimum deposit amount of $100, no brokerage commission and protection against negative balance.
4. Besides the default routing option, LimeFx + offers Nasdaq and Arca venues.
5. So, you want to keep your account active and engaged to avoid withdrawal restrictions.

J2T is an excellent broker that provides all the necessary tools for quality trading. As with all the brokers surveyed though, LimeFx has its particular strengths and weaknesses. Understanding those strengths and weaknesses is a key to recognizing which type of investor might be the best fit for LimeFx. Besides, LimeFx limefx forex broker is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF). So, if the broker fails to settle claims of investors or folds up, they are secured up to $500,000 and €20,000 correspondingly. Transfers in from one account – say the IRA – to the LimeFx account are free.

All the content on BitDegree.org meets these criteria:

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. Another dimension to add to this profile of who is a good fit for LimeFx is the type of investment research resources they provide.

It is known for its user-friendly interface and implemented trading tools. MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The mobile apps and web platforms are useful for those who wish to trade whilst on the go from anywhere at any time.

There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips. Let’s compare the fee policy with other brokers to better understand the difference. LimeFx doesn’t charge withdrawal fees, but external payment providers may have their fee structures.

Over 500 different cryptocurrencies available

The extensive forex trading options make LimeFx a perfect broker for an elevated trading experience. For those inclined toward commodities, LimeFx provides a diverse asset range, including agricultural and non-agricultural securities. These can be traded on both the proprietary and third-party trading platforms and their fees are commission-based. This account is for those who already have exchange trading experience and want to get the highest execution speed. Spreads on this account type start from 0 pips with a $3 per lot commission charged. I like this account because it has the lowest spread on MT4 which is important for my automated scalping systems.

Stock Trading

This is a drawback versus some competitors who offer around the clock customer support. 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 https://limefx.group/ NFA. The proprietary platform, Novoadvisor (now known as Lime Financial), gives investors access to the top-performing traders and strategies on the LimeFx network. LimeFx offers an excellent range of deposit options to suit traders in different regions.

Other Trading Fees

The broker offers various methods for account funding, including bank transfer, Bitcoin, credit/debit card, crypto, Neteller, POLi, PayPal, Skrill, and iDeal. However, most withdrawals are charged 0.20% – 2.5% of the withdrawal amount. LimeFx offers traders a robust customer support infrastructure.