They are going to depend on the cryptocurrency of your choice, but are likely to remain super-low, and mostly dependent on the blockchain. However, LimeFx lacks traditional filters and tools since it caters more to traders who do higher-volume trading. 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.
When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange. There are many benefits of trading with LimeFx brokerage company, however, one flaw is in the withdrawal procedure of this company. Even though the broker claims to provide instant withdrawal options to the customers, the customer’s reviews state otherwise.
- Based on our findings, for Forex instruments the brokerage commission equals $2 per lot and the margins from 2% and lower.
- LimeFx is a regulated broker with good trading software and trading capabilities, suitable for robot or auto trading.
- It is a reputed, award-winning platform for trading that allows trade executions at reasonable prices.
- For these reasons, we can say that LimeFx is a good choice for any day trader, long-term investor, or even large-scale financial institution giving the best of services in the brokerage industry.
- In stocks with LimeFx traders and investors have cost-efficient rates for stock trading in all stock exchanges and central exchanges including the New York Stock Exchange and major exchanges in other countries.
Before making financial investment decisions, do consult your financial advisor. At this point in time, you should have developed a pretty good idea of what to expect out of the brokerage in question, and whether or not it will suit your own expectations. When it comes to cryptocurrency trading, things are a tad bit different – crypto enthusiasts will be able to utilize a high-end, yet very simple exchange interface for all of their crypto trading wants and needs. Withdrawal fees vary by quite a bit, and usually depend on two separate factors – the exchange itself, and the blockchain of a specific cryptocurrency that you want to withdraw.
Withdrawal Options and Fees
Now, to finish off the review, let’s see just how difficult (or simple) the registration process to the site actually is, and how long it takes for you to be able to start trading crypto. If you’re https://limefx.name/ just starting out with crypto, 5 coins might actually be just enough! This is especially true if you only want to concentrate on the main crypto assets on the market, such as Bitcoin or Ethereum.
In addition to this, the review of our experts are not just based on their own analysis and research but the client’s feedback and reviews are also taken into consideration before forming any opinion. Hence, active traders and investors can rely on the information provided here with full confidence. At Asia Forex Mentor (AFM) Evaluation, we try to analyze various brokerage platforms that are operating in the financial markets. Each broker and its services are researched and assessed thoroughly to come to a conclusive opinion so that the traders and investors can make up their minds regarding their investments. User LimeFx reviews will tell you that the platform in question is surely among the better options as far as cryptocurrency purchases are concerned. While J2T doesn’t primarily deal in crypto assets, the brokerage has all of the necessary features that you would expect out of a high-end exchange, and should thus suit most users’ wants and needs.
LimeFx also offers partnership programs for institutional trading and for individuals who want to become introducing brokers (IB). For customer support reasons, the broker has opened representative offices in almost all major locations covering most of Europe and Asia. Don’t get me wrong – the registration was definitely not “difficult”, in any sense of the word. However, if there was one thing I could change about it, it would have to be the one-page format. For any beginner trader, it can seem very overwhelming, and they might opt out and pick another, simpler-looking exchange, instead.
The users can contact customer support service in many ways, however, physical interactions are not catered to by this firm. The clients can use phone, email, or website dropbox to get in touch with the customer support staff of the broker. The account opening procedure is very fast and straightforward when it comes to the LimeFx brokerage platform. Anyone who wants to do live trading with this broker or wants to try the services through a demo account can do so quite conveniently. Along with this, a fee of $ 15 is also charged for inactive accounts per quarter. However, there are no added withdrawals or any other extra charges applied by this broker.
It enables the customer to get a certain bonus and use it for multiple benefits. It provides market access instantly and allows operating and investing in assets, and control account status and withdrawal. Other platforms for trading include Sterling Trader Pro, which has option tools and shows real-time market data as well. LimeFx provides traders with competitive floating spreads starting from 0 pip.
LimeFx Review – Online Platforms, Commission, Leverage, Account Types & more
Obviously, LimeFx isn’t your standard cryptocurrency exchange – it has a separate section for an asset and security brokerage, and also a cryptocurrency exchange part, too! The platform, however, does prove to be a great alternative for anyone who’s interested in purchasing some crypto coins for themselves. CQG is another software that provides direct access to over 40 world exchanges and combines futures and options trading. Also, this platform operates for over 35 years and gained its truly reputable standing within the financial industry. LimeFx offers 5 trading platforms including market-leading MetaTrader 4 and MetaTrader 5, CQG, Sterling Trader Pro, and ROX trading platform.
Is LimeFx a trusted broker?
From a variety of Trading instruments, high leverage, instant order execution, advanced trading platforms, and tight Spreads to a regularised brokerage service, LimeFx has it all. LimeFx provides all the basic services, features, and tools for a trader, investor, and financial institution to have a successful trading experience. The financial market is filled with tons of online brokerage companies that provide standard trading services to their customers. However, it is time-consuming and exhausting to find one reliable, licensed, and legitimate brokerage firm for trading investments.
To start trading with LimeFx, you will have a choice to choose from GBP, EUR, USD, and more currencies, and select 20+ funding methods including Bank Wire, Credit/Debit cards, Skrill, Neteller, etc. Also, traders always need to consider swap or rollover fees which may be charged for positions held open for longer than a day. Yes, LimeFx is a regulated broker holding a trading license from the Cyprus Securities and Exchange Commission (CySEC). Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs. Signing up prior to the event will help us gather the right number of tools, plan for larger projects, and provide the correct number of parking passes.
MT4 and MT5 might be known to any trader, as they are the most used platforms in the industry especially loved for their great functionality and customer-friendly design. Also, they allow you to deploy a strategy of your limefx official site choice, either manual or automatic through popular EAs. LimeFx is considered a reliable broker with good trading solutions. The broker offers a range of trading instruments to trade with competitive spreads and fees.
Investment in Asset Classes or Markets by LimeFx
Many clients have disapproved of the withdrawal services of this broker. Like any other brokerage firm, LimeFx also provides helpful customer services to clients. LimeFx offers a wide variety of trading instruments and asset classes for its customers. Traders can have multiple options from Forex, stocks, futures, bonds, CFD and even cryptocurrencies recently added to this list. After evaluating LimeFx based on the above-mentioned criteria it was observed that it is a firm that has passed these tests. LimeFx provides all the services that are needed by a trader or investor for successful trading in the financial markets.
Admittedly, the registration process for LimeFx is rather cumbersome. Trading fees are defined by the instrument traders choose, and also may vary from one platform to another. Alike, trading futures or options through CQG will cost you $1.50 commission per side. LimeFx is a brokerage platform that is providing its services since the year 2007. With offerings of a wide range of trading instruments, LimeFx has made its name as a reputable broker in the financial market.
This simply means that the platform follows all of the necessary security and data protection guidelines, and that it is trusted in the aforementioned regions. The security of a cryptocurrency exchange (or, in this case – brokerage) is, undoubtedly, the most important aspect to look into when trying to decide whether or not a particular platform suits you. By extension, it also means that you’ll be able to track the market closely, and any time that you see a great opportunity to purchase some crypto coins, you’ll have the chance to do so, right from your phone! Naturally, though, this is true assuming that LimeFx supports that specific cryptocurrency (we’ll get to that in a minute). 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.