The procedure of opening an account is performed fully online. It is green limefx broker reviews and can be found at the top of Lime Fx.online website. MT5 Global account is the successor of the one earlier called Single Trading Account.
Forex Fees
Pricing on options is also divided between the two schedules. Derivatives on the per-trade plan cost 50¢ each plus the $2.50 base. Option trades cost 75¢ per contract, with a $1 minimum order. After 100,000 contracts in a month, the broker charges just 50¢ per option. That said, if you are trading that kind of volume, you may prefer a broker that caters specifically to options traders, like TastyWorks. There are no minimum deposit or withdrawal limits for bank wire transfers.
Top Brokers
However, customer support isn’t limited to regular work hours. They also extend their reach to cater to queries during extended hours. It is available inside the personal account of a Lime Fx 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.
Such accounts at Lime Fx are not debit card / Paypal / credit card checks funded. Hence, protecting the consumer leverage ratio is way smaller than Forex offered before. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. No – Lime Fx does not accept clients from the United States. This is due to regulatory restrictions and additional requirements.
Analytics and market news
The per-trade schedule requires $2,500 to start trading, and if an account slips below $2,000, Lime Fx will suspend the account’s trading capability. The per-share plan apparently is designed for day traders, as it has a minimum balance requirement of $25,000. It also charges a monthly fee of $333, although this rather uncomfortable charge is reduced by any commissions paid during the month. Lime Fx offers traders a robust customer support infrastructure. The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative.
The options chain also highlights in-the-money options for faster decision-making. Under the ‘Options’ tab, the platform displays calls and puts. Nevertheless, I was impressed with some of the features available. For example, mousing over the Greek letter sigma displays all of an option’s Greek data. Mousing over a strike price displays the intrinsic and time values of an option in graph format. Strangely, I was not able to delete a stock after adding to a list.
- Lime Fx also offers the Try2BFunded program for those looking to become professional traders.
- Please note, some markets may only be available via CFDs or other derivatives.
- So, before diving into Lime Fx’s offerings, evaluate the platform based on your goals and preferences.
These can only be traded on the broker’s proprietary trading platforms where Lime Fx Pro charges $2.50 per trade but are limefx broker reviews commission-free on the Lime Fx lite platform. Also makes it possible for its clients to invest and trade more than 3,000 mutual funds listed on its platforms. Like stocks, these too can be traded on both their proprietary and third-party trading securities trading platforms.
In addition, the company uses an external account verification system, alongside Plaid to authenticate a client’s bank and brokerage accounts. 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 Lime Fx clients.
Lime Fx futures and futures options review
Lime Fx offers an array of trading accounts and platforms, plus low spreads and commission charges. The brand is also available in various countries around the world. Its thousands of instruments and leading tools also separate it from competitors. Lime Fx is an often overlooked brokerage firm that provides day traders and other frequent investors with competitive pricing and a large suite of trading tools. It’s worth checking out because it may rival or even beat your current broker. In this Lime Fx review, we attempt to quantify the value it provides to various types of traders.
Besides providing direct market access (DMA), low commissions, the multi-regulated brokerage provides a modern high-speed infrastructure for instant trade execution. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. Our review indicates that traders on the platform can trade up to 90,000 futures and futures options instruments.
Lime Fx offers several platforms and doesn’t charge a dime for any of them. One is a per-trade schedule where equity transactions cost $2.50. You need an account balance of at least $2,500 to qualify for this rate.
Such policies solidify Lime Fx’s reputation in the financial trading space. Lime Fx positions itself as a viable choice for traders by maintaining competitive and transparent fee structures that align with varied trading needs and preferences. There are news items on the broker’s website, sorted by the tickers and available to all. On the sides of the workspace, there are Toolbar panels with menu and quick access buttons.
