Lime Fx Review 2021 Pros and Cons Uncovered

Access to the exchanges of Asia and Oceania is average – only 4, albeit rather large, exchanges. Too long verification, regular technical failures, problems with the execution of transactions – and these are not all the disadvantages of working with this broker. This also facilitates re-earning the money in case the broker turns bankrupt. It is a regulated broker-dealer and is a part of FINRA, SIPC, NFA, as it’s a member. Clients are free to use and create their investment strategies.

FX and МТ5 Investments are essentially a copy trading service, or investment in the so-called PAMM accounts. The selection is impressive and it makes Lime Fx stand out among the competitors. Degiro does not offer any similar products, while Swissquote only has Robo-Advisor (minimum 10,000 CHF) and Theme trading. The above information is applicable to MT-5 Global account types, while there may be differences for Forex-ECN account types.

By leveraging push notifications, traders are kept abreast of real-time market shifts and alterations in their portfolios, ensuring they remain at the forefront of every pivotal movement. Forex trading is one of its focuses, with a plethora of currency pairs across major, minor, and exotic trading pairs. The extensive forex trading options make Lime Fx a perfect broker for an elevated trading experience. For those inclined toward commodities, Lime Fx provides a diverse asset range, including agricultural and non-agricultural securities. There is also an additional email for customer support of ROX accounts holders –

NovoAdvisor / Lime Financial

Two-factor authentication is available, but not on all resources of the broker. By default, you can access your account using simplified login procedure without two-factor authentication. Also, limefx scammers we decided to analyze how beneficial it will be to hold marginal positions on different markets.

1. Premium tools and innovative programs such as Try2BFunded make the offering fairly unique.
2. Lime Fx’s mobile applications also offer a PIN or fingerprint authentication.
3. Too long verification, regular technical failures, problems with the execution of transactions – and these are not all the disadvantages of working with this broker.
4. Personal account on Lime Fx might not be considered to have the purest design or be as user friendly as possible, but its structure is quite intuitive.

Lime Fx+ is a browser-based platform that has some powerful features which are similar to level II data. One of them is -trade schedule with equity transactions costing $2.50. The traders and clients of Lime Fx can use the mobile platform. Quotes and real-time charts are available with technical studies.

Is Lime Fx Good For Day Trading?

In our review, we are focusing on the European branch Lime Fx LTD ONLINE. All other important actions (such as changing password, withdrawing funds), will require additional confirmation (via SMS, for example). For the Russian securities market, the rate is 0.044% per day (16.6% annual). A number of top Russian brokers are ready to provide financing for the purchase of shares at less than 10% annual interest. Lime Fx delivers varieties of accounts depending upon the Traders’ financial requirements.

A customer needs to have a minimum balance of $2500 to start trading. Over the years, it has gained the trust of over 1 55,000 clients across the world. It provides a competitive price and a plethora of trading tools to its day traders and investors. All personal information is secure and safeguarded when processed on the website. Lime Fx’s mobile applications also offer a PIN or fingerprint authentication.

Compare Trading Instruments

The proprietary platform, Novoadvisor (now known as Lime Financial), gives investors access to the top-performing traders and strategies on the Lime Fx network. OEC Trader is a desktop platform that is designed for futures trading. The order system is able to use multiple tickets, and RSS news feed is integrated.

All these accounts have certain area restrictions and are accessible anywhere, excluding a few countries. The second one gives protection to securities and the cash in the brokerage account up to $500000. Lime Fx’s Cyprus SEC- Registered company allows non-US traders to open an account with them and enable spot trading in cryptocurrencies, CDFs. It takes one entire business day for domestic wire transfers, given that the information provided limefx scammers is legit.

In particular, there is a commission per share for the U.S. stock market, which we estimated as low. In the majority of other markets, the broker charges commission as a percentage of the trade volume, while its size ranges from average to high. Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges.

For example, we will calculate how much a trader will have to pay for a USD 5,000 lot. Also, in the course of the review, we will compare Lime Fx commissions with competing European brokers – Swissquote and Degiro. A demo account is available to people with the Lime Fx+ and Sterling Trader Pro.

Documents required for opening an account

Importantly, profits are split 60% to the trader and 40% to Lime Fx. Keep an eye on the broker’s website to stay abreast of new deals. Note, all clients must be 18 years of age or older to open an account. On the downside, to manage all of these from the same interface, a trader will need to use a third-party application.

Platform fees vary between $25 and $595, though CQG Desktop is free. Investing in futures and options costs $1.50 per contract per side (buy or sell). The web-based platform also has a clean and intuitive interface that displays total profit and loss, plus charting functionality. With this live account, you cannot trade CFDs on shares, stocks, futures and bonds. All the above are broker-assisted plans and also include an additional fee of $20 per trade. Overnight funding fees and other transaction charges, require detailed understanding on the Lime Fx platform.

Lime Fx Online Ltd is a broker based in Cyprus and regulated by the CySEC. The brand offers forex, commodities, stocks, ETFs, CFDs, crypto, bonds, futures, and options. Importantly, the paper trading account lets you test the broker’s platforms and tools before committing real money. Commissions on withdrawals vary, with the highest coming in at 2.8%. FINAM Bank and China UnionPay are free, but only ECN accounts are able to use credit cards free of charge.