Accounts can be opened in a decent choice of currencies which are EUR, USD, RUB. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. I think they could improve further by adding support for some more currencies and crypto deposit like Coinexx. 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. All funds deposited into your trading account must be under the same name as your LimeFx trading account.
- Two out of these named MetaTrader 4 and 5 are well-known because they are most used by the traders.
- Investment portfolios are calculated individually for each client, based on the results of a questionnaire with 8 questions to determine your preferred risk preferences.
- The discount broker further provides limited ETF-related educational and research reports.
- The discount broker is also a member of the Securities Investor Protection Corporation (SIPC) that insures the investor funds deposited with LimeFx for up to $500,000.
- For investors who want to trade on the go, LimeFx provides a seamless mobile trading experience with dedicated applications for Android and iOS devices.
- This allows them to maximise order execution speeds, from 0.05 seconds.
It offers market and limits orders on close, and the time duration can be set today or for extended hours. ROX helps investors of larger sizes by having direct access to the exchanges in Mexico, Europe, the USA, and Canada. They come with better functionality and are easy to use and access. Being used for more than thirty-five decades in the financial industry, it has gained an excellent reputation and stands at a standard place in the trading platforms.
LimeFx Commission or Brokerage or Fees
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 have a variety of 20+ convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card and online payment systems such as Neteller and Skrill. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.
Versatility and Inclusivity in Account Offerings
They both get used to their vast customer-supportive designs and excellent functionalities. It is a reputed, award-winning platform for trading that allows trade executions at reasonable prices. Judging by standard procedures, new customers may get their accounts activated within a day, depending on the availability and genuineness of their documents. For those navigating the ebb and flow of market trends, the trend exploration tools become indispensable, offering a lens into the intricacies of market trajectories.
Web Trading Apps
As discussed already, the minimum balance for keeping an account open is $100. All these accounts have certain area restrictions and are accessible anywhere, excluding a few countries. Each account has a different requirement applying to them and requires limefx reviews different minimum balances for their maintenance and working. The broker at LimeFx comes under the regulation of the CySEC – Cyprus Securities and Exchange Commission. The investor’s compensation fund has LimeFx as one of its members.
Lightspeed Trading Review – Software Option For Day Traders
Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks. LimeFx recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. LimeFx offer professional customer support https://limefx.vip/ 24/7 via online chat, telephone and email. It was great to see that support is available on weekends as this is not something that all brokers offer and helps them to stand out from the competition. This is an account for beginners who want to understand how the currency market works, and practice trading without any financial risk.
There is an abundance of high-quality research that covers all financial markets and instruments which can help to inspire trade ideas. It is quick and easy to get started with an account from just $100. Alternatively, you can open a free demo account if you prefer to get a feel for what the broker has to offer.