Check on the LimeFX FAQ section for the latest availability in your country. If your country is not accepted by the broker for whatever reason, you can check out our broker comparison tool for some alternative options. Withdrawal requests are processed within the same day or the next day of made outside of office hours. The withdrawal time limefx scam will vary depending on the payment provider and the selected method. CFDs and Forex are not only complex instruments, but they also have a high level of risk which may result in loss of funds that exceed the trader’s initial deposit. While LimeFX does not appear to charge deposit or withdrawal fees, certain payment methods may incur fees.
While the minimum equity call is outstanding, the account will be restricted to liquidating transactions only. This is a personal LimeFX account registered under one person’s name only. Manage your entire sales cycle, track client communication, and connect your projects, marketing activities and much more with a CRM that’s easy to use. Access the tools you need to unlock your full trading potential.
LimeFX does not supervise the third parties, and does not prepare, verify or endorse the information or services they provide. LimeFX is not responsible for the products, services and policies of any third party. Our passion for providing top-of-the-line technology isn’t limited to desktop platforms. LimeFX brings the power you need to your desktop, browser, and mobile device. No. LimeFX does not provide negative balance protection. If your balance is negative, LimeFX suggests that you contact client services.
With monthly commissions of over $499, the LimeFX Pro platform comes for free. However, for the most inactive traders who will generate less than $199 in monthly commissions, the platform costs $99 per month. Anything in between, and you will be charged a platform fee of $49 per month. ActiveWeb provides real-time streaming market data with Level 1 quotes and live charting, as well as account management and order queue from within the ActiveWeb trading platform. LimeFX offers several advanced trading platforms, which include ActiveWeb, LimeFX Pro, and a mobile trading app. LimeFX’s senior management possesses many years of market experience, and the broker believes that type of experience makes it suited to understanding its clients’ trading needs.
LimeFX offers competitive commissions, direct market access, and third party locates. LimeFX is a direct access broker that has been serving clients for over two decades. The service provides access to extensive short lists, multiple routing options, flexible commission structures and more. Read the full review to see if this is the right broker for you. Investors have a $10,000 minimum for the LimeFX Pro platform and a $2,500 minimum for the Active Web platform. The platform also requires a minimum deposit of $30,000 for day trading.
From there, pricing is based on a per-trade or per-share structure depending on the nature of your account, the routing options you choose and the asset you’re trading. LimeFX does what it promises – to provide active traders with a high-quality day trading brokerage at reasonable terms. Its platforms are based on the DAS Trader framework, well equipped with tools and functionalities and work equally well on desktop and mobile. LimeFX is strongly recommended for you if you are an experienced trader who utilizes direct access order routing and the various available routing options.
Because there is a lot of money moving around the world, LimeFX has to be careful that they don’t breach any money laundering laws and part of that is know as KYC . This means that at all times, LimeFX must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law. If you sign up for a demonstration account with LimeFX, you may set out using a decent amount of virtual currency. It is to establish a feeling of security and confidence in you before you decide to invest your own money. The MetaTrader 4 trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 platform unless they are CFD contracts or Spread bets.
For equally obvious reasons, we cannot recommend LimeFX for retirement savers or mutual fund investors. Moving to LimeFX’s per-share plan, the broker-dealer looks much better. TradeStation charges between 1¢ and 0.6¢ per share, which is quite a bit higher than LimeFX. TradeStation also charges for its software; although its per-share schedule only has a $1 minimum commission.
The brokerage waives software fees if your account meets a fixed commission per month. If the minimum commission is not generated by the account, software fees works out to $25 per month for the web platform, $49 each month for Pro Level 1 and $104 per month for Pro Level 2. LimeFX ActiveWeb is a browser-based HTML5 trading platform loaded with features and optimized for speed. You can access the trading tools you need at any time, from anywhere. I think it is great how you can access it from any browser and you will always get the latest version.
- Industry-standard security measures, such as SSL protocols and firewalls, are used to protect trading platforms, information shared over customer support, and payment methods.
- Keep in mind that there are other account fees and routing fees.
- We’re disappointed that there are no weekend or evening hours; but this brokerage house does cater to experienced traders, so the limited hours aren’t unexpected.
- We can endorse LimeFX for active and day traders due to the broker’s advanced tools and decent commission schedule.
However, the quarterly inactivity fee and software platform fees are more tailored to active intra-day traders, who likely won’t incur the fees. Seasoned day traders who are well versed in order routing to exotic ECNs will enjoy the flexibility of the LimeFX Pro platform. Ultimately, LimeFX will be best for intermediate to advanced day traders who know how to make the most of all of the features.
Commission And Fees Explained
The ActiveWeb browser-based platform costs $25 per month, but waived for clients generating over $199 per month in commissions. LimeFX offers both a per-trade and per-share commission structure for stocks. The per-trade pricing starts at $2.95 and goes up to $4.49 . All-in-all, the dire state of the education section of LimeFX is understandable, considering that it targets advanced traders.
This very advanced desktop program is simply Sterling Trader Pro with LimeFX’s logo on it. The software offers API access for clients who want to use their own self-created software programs. This is LimeFX’s only trading platform with this capability. Something that professional traders might benefit from is multi-account management. LimeFX Pro offers access to multiple accounts with just one login. The simplest platform LimeFX offers is a browser-based system created by DAS.
Rather it indicates the market that this product was designed for. If you have some shorting trade ideas, you can even check whether you can fulfill them on LimeFX through the free short locate tool. LimeFX accepts clients from the USA and some other countries.
LimeFX Review Summary
A mobile platform for LimeFX clients is available at mobile.LimeFX.com. There is charting with technical studies and multiple graph types. What I was really impressed by was the fact that ActiveWeb can be used in a multi-screen layout. This would be really convenient for day traders who use multiple limefx broker reviews tools simultaneously. Having multiple routing options, over 25 with this company, is important when the speed of trade executions and liquidity often determines the success of a trading plan. LimeFX also caters to financial institutions such as hedge funds and Proprietary Trading Firms .
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the difference between the buying and selling price. Financing or overnight prices are people who are charged when you hold a leveraged position for longer than a day. After being founded in 2017, their customer base has become as large as 3,500,000+ clients.
LimeFX also offers a free virtual practice account with virtual buying power. If a change is required in the trade rate, you can request it via email. The change will become effective 1-2 business days from the time the request is received, but the change can only be done once a month. For the https://limefx.club/ less active traders, who will place between 1 and 200 stock or ETF trades per month, the per-trade fee goes up to $4.49. Thanks to the direct market access order routing, LimeFX account holders can take advantage of over 25 routing options, maintaining complete control over their order flow.