The company now has more than 155,000 clients in over 130 countries. This is a good indication that the brand is a large, legitimate brokerage. There is also a campaign to become a professional trader which offers a bonus of up to $2000. There is also the CQG platform with four different solutions that can be used to trade futures and options. Importantly, forex can be traded via contracts for difference (CFDs).
How To Make A Withdrawal From LimeFX
Our research shows that the MT5 Global account is best for experienced traders. Account holders get tight spreads with a very low commission rate, plus access to the powerful MetaTrader 5 platform. However, traders should pay attention to potential charges by individual payment channels.
Web Trading Apps
DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
- They also offer traders the chance to find out if the broker suits their strategy before committing funds.
- I like that LimeFX offers eight trading platforms, which ensures traders and investors get one suitable for their preferred strategy.
- Before making any trading related decision, contact a local professional financial advisor.
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. New York residents can also walk into the broker’s offices at One Penn Plaza in New York. From on our assessment, LimeFX provides an limefx website average offering of market research. There is real-time data to help with trading decisions, including an economic calendar, market news and information on initial public offerings (IPOs). The platform offers clear market data and graphs, though we particularly rate the Excel output option and economic calendar, which are useful for planning trades. However, we are disappointed to find that there are fees for depositing in ECN accounts, the amount of which varies depending on the method you use.
Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, limefx forex broker and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. In the United States is licensed and regulated by both the Commodity Futures Trading Commission and National Futures Association(NFA).
Available Assets
The company is also a member of the Investor Compensation Fund (ICF), which provides compensation to eligible clients if the firm is unable to meet its obligations. This level of regulation and membership in theInvestor Compensation Fund provides a strong legal framework for traderprotection. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. Besides, LimeFX is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF). So, if the broker fails to settle claims of investors or folds up, they are secured up to $500,000 and €20,000 correspondingly.
The key benefits here are access to more than 50 execution routes, as well as powerful trading software like Sterling Trader Pro. The Forex ECN account is a good option for active forex traders looking for the tightest spreads and access to popular currency pairs. The brokerage offers Basic and Pro accounts, ensuring that both trading enthusiasts and seasoned investors find an accommodating trading environment. LimeFX provides a free, web-based platform that’s more advanced than most brokerage platforms.
Opening an Account
It allows for practicetrading without risking real funds, offering a way to become familiar withtheir trading conditions. There are no minimum deposit or withdrawal limits for bank wire transfers. Deposits are processed within one business day while withdrawals can take up to 3 days.
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