Judging by standard procedures, new customers may get their accounts activated within a day, depending on the availability and genuineness of their documents. Lime Fx offers a suite of tradable instruments, catering limefx courses scam to traders with different all kinds of preferences and methodologies. People come here to learn, hang out, practice, trade stocks, and more. Our trade rooms are a great place to get live group mentoring and training. Our chat rooms will provide you with an opportunity to learn how to trade stocks, options, and futures. You’ll see how other members are doing it, share charts, share ideas and gain knowledge.
Standard account questions typically receive prompt responses, while more technical trading problems occasionally generate less favorable reviews. Retirement account options cover traditional, Roth, rollover, and SEP IRAs. The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone. 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.
Types of Lime Fx Trading Account
The transferring of the fund in the case of non-US countries may take one to two business days. One of the common electronic payment networks in the United States. After establishing an ACH relationship between the Lime Fx and the person’s bank account, fund transfers get facilitated. However, if your account balance falls below this limit, the commission sees an increase to $4. ROX helps investors of larger sizes by having direct access to the exchanges in Mexico, Europe, the USA, and Canada.
However, while Lime Fx has taken the step of elevating its users’ trading experience, it still has much to do to stand shoulder-to-shoulder with the best brokerages. Lime Fx’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads. We have a basic stock trading course, swing trading course, 2 day trading courses, 2 options courses, 2 candlesticks courses, and broker courses to help https://limefx.club/ you get started. We put all of the tools available to traders to the test and give you first-hand experience in stock trading you won’t find elsewhere.
- The laudable support system is multi-channelled across live chat, email, and phone communication.
- Lime Fx doesn’t charge withdrawal fees, but external payment providers may have their fee structures.
- The decisive factor appears to be aligning your current trading knowledge, capital availability, and specific market interests with the broker’s strengths.
- With that said, there is a ‘Contests’ tab in the broker’s platform which can be monitored for the opportunity to win prizes.
In the per-share plan, there has to be a minimum of $2500 in the trading account, and once the approval comes, the commission gets decided according to the trading volume per month. One of them is -trade schedule with equity transactions costing $2.50. It offers market and limits orders on close, and the time duration can be set today or for extended hours. With customizable charts and real-time data streaming, it is browser-based.
Expansive Trading Horizons with Lime Fx
Based on the user experience, the following rating and reviews are provided. From Monday to Thursday, 9-6 pm EST is the available time for customer support, and on Friday, the timing is 9 am to 5 pm EST. Transfer of funds through this account takes two to three dates (approximately). They require a holding period of five days before the availability of trading control is provided. They offer toll-free phone service, email service, and a live chat bot. Similar to the research section, it would be somewhat unreasonable to expect top level customer service from a brokerage firm charing half the industry rate.
Step 3: Make your deposit and start trading
CFDs can also be traded with leverage, which increases potential returns (and losses). We appreciate that there are no deposit fees on the Standard and MT5 Global accounts, although third-party fees may apply to bank transfers. The platform selection accommodates different trading styles and technical preferences while ensuring access to markets from any device with internet connectivity. The broker does not provide information about withdrawal methods. We understand that they are the same methods as for making deposits and that the costs will be the usual ones.
It is useful if you don’t have the time or knowledge to make your own trades, though there is no guarantee you will make money. J2T Copy is also available with a low minimum investment of $100, making it accessible to beginners. The huge range of 35,000+ instruments is a key benefit of opening an account. Our tests show that only a select few brokers, such as Saxo Bank, can rival Lime Fx when it comes to the number of trading products. Importantly, forex can be traded via contracts for difference (CFDs). This type of derivative allows traders to go long or short on currencies.
Dave has been a part-time day trader and swing trader since 2011 when he first became obsessed with the markets. He focuses primarily on technical setups and will hold positions anywhere from a few minutes to a few days. Over his trading career, Dave has tried numerous day trading products, brokers, services, and courses. He continues to test and review new day trading services to this day.
Lime Fx Broker Review – Is There a Cost to Lower Commissions?
Likewise, the firm offers an iBROKER Mobile App for futures traders. Traders should take note that payments made in any other currency apart from the base currencies of the various accounts may be subjected to conversion rates charged by their payment provider. Lime Fx offers a wide range of products to trade in, such as bonds, Stocks, ETFs, Options, Mutual Funds, Forex, Futures, and OTC (Over Counter Stocks) options and cryptocurrencies. This feature offers a guaranteed fill from retail clients up to a definite size for small market orders at the best-posted bid or asks the price. Forex and CFD Standard is an ideal account for beginners as it offers Negative balance protection.
- This means clients can lose more than their account balance if the markets move against them.
- Both offer very basic functionality, but not any less than one would expect from a lower-end brokerage’s app.
- Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites.
- Owning to work being paperless, postage charges, too, are not charged.
- They also extend their reach to cater to queries during extended hours.
- I like the web platform for accessing my account on different devices without needing to install any software.
There is also a campaign to become a professional trader which offers a bonus of up to $2000. There is a blog, an index of financial terms and a collection of research notes (both a subscription and a historical library). Also, similar to the copy trading service, there is no guarantee you will make a profit.
Lime Fx provides a demo for each of the platforms to help you choose. For example, the company offers Sterling Trader Pro, Etna Trading Platform, OEC Trader, and CQG Trader. The brokerage also offers FIX (Financial Information Exchange) and REST (Representational State Transfer) APIs. Therefore, any trader style should find a suitable platform among the choices.
Web Trading Apps
You then choose an investment portfolio and let the robo-advisor provide advice and services. Our testing shows that both MT4 and MT5 support forex trading and provide an excellent suite of technical indicators, charts and analysis tools. Importantly, we find both platforms easy to use with a sophisticated design and a customizable workspace.
Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives. It’s crucial to recognize that online reviews reflect personal opinions and may not capture the full spectrum of client experiences. Traders should view these reviews as one aspect of their comprehensive assessment of Lime Fx.
