Established in 2007, LimeFx is a forex broker with headquarters in Limassol, Cyprus. Now don’t get me wrong, it doesn’t mean you’re guaranteed to lose money. I’m just saying that you need to be aware of what you’re getting yourself into. They have no clue what https://limefx.name/ it’s actually like to run the different types of businesses they write about. All I really wanted, was to actually enjoy life – more vacations, less stress, buy myself nice things without worrying about the cost… but that was something my 9-5 couldn’t provide me.
- LimeFx provides brokerage services since 2007 and is trusted by 155,000 clients from 130 countries.
- Trading can begin with a variety of accounts and varying minimum deposits.
- 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 US brokerage employs a market maker straight-through processing (STP) broker model.
Customer service can be contacted
via an online chat function, through email, or via telephone. J2T CryptoExchange proves to be a great place to start investing, in general, since it offers a wide range of different assets for you to tinker with and, evidently, purchase. You can also create a demo account if you’re not still sure about the entire process, which will give you a chance to try out the platform at your own pace.
Taken all together, LimeFx has an
excellent offering, and the history and oversight to make it a trusted and
worthwhile broker. The following review will go into
greater detail regarding what to expect when trading with LimeFx. For the Cons, there are some limitations in education, and sometimes will be required third-party software for certain research tools. Transfers in from one account – say the IRA – to the LimeFx account are free. Transfers in from one account – say the IRA – to the account are free. LimeFx guarantees that the information provided is safe and secured, and it is protected when the details are sent to the site as well.
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. 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. Yes, LimeFx offers demo accounts and setting it up is very simple and easy.
Wire Transfers
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. McQuilling Partners is a maritime company providing brokerage and marine transportation services. In the United States is licensed and regulated by both the Commodity Futures Trading Commission and National Futures Association(NFA). They have a regulated fee that doesn’t exploit the registered users. It enables the customer to get a certain bonus and use it for multiple benefits. A demo account is available to people with the LimeFx+ and Sterling Trader Pro.
Also, they allow you to deploy a strategy of your choice, either manual or automatic through popular EAs. LimeFxr, the deep discount broker, has throughout the years been awarded and recognized for limefx broker reviews its contributions to the online brokerage industry. Currently employs over 1200 employees and maintains offices in over eight countries including the United States, China, and the United Kingdom.
Buy Crypto
But if you mess up and miss a trade even one time, your month can turn sour pretty quickly. That was until a few years ago when I discovered a way to make money online by actually helping real people. Checking out their website we found it to be
well organized, with all the necessary information a prospective trader might
need easily found. 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.
LimeFx Offers or Deals
Unlike most brokers these days there aren’t a
list of account tiers available at LimeFx. Instead, the trading accounts
are defined by the type of asset traded – forex, stocks and options,
futures, or CFDs. That said, there are a few account types offered that
distinguish between market access as well as fees or commissions. Our LimeFx broker review indicates that traders on the platform can trade up to 90,000 futures and futures options instruments.
LimeFx Review Final Verdict
According to its regulation, LimeFx is subject to various restrictions on how to operate the trading process. LimeFx which is owned by LimeTrading (CY) Ltd operates through its registered office in Cyprus and is authorized and regulated by CySEC. LimeFx is a regulated broker with good trading software and trading capabilities, suitable for robot or auto trading. 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. As discussed already, the minimum balance for keeping an account open is $100.
These are drawn from virtually every market within the finance and securities industry including stocks, indices, currencies, and commodities. Unlike most other trading products listed here, futures and futures options trading are lightly covered in the broker’s educational resources and research reports. LimeFx broker offers professional customer support around the clock. The broker’s customer support service starts with a hugely comprehensive FAQ section that tries to answer most of the common platform user queries. Most of the queries on the page touch on the different services offered by the broker, especially the ones that touch on fees, margin trading, and trader platforms.
Those who already have some trading experience
can opt for the Forex ECN account, which
delivers the greatest execution speed and extremely low spreads that begin at 0
pips. Note that there is a commission on the ECN account, which is $3 per lot
or less. With that being said, though, J2T CryptoExchange isn’t a typical crypto exchange – it’s an asset brokerage. Keeping this information in mind, it makes sense that there are multiple other factors that need to be accounted for.
Account types
Higher account types may require bigger amounts of funds, especially for those traders that are professionals and will be trading through tailored solutions. LimeFx provides traders with competitive floating spreads starting from 0 pip. Based on our finds, the average spread for EUR USD is 0.5 pips with all costs included, and ECN account for active traders features raw spread plus $3 commission per lot. Traders’ protection is provided by coverage through the compensation fund in case things go wrong with the broker, so traders may stay assured of their funds’ safety.
Its trader development program, Try2BFunded, is unusual among brokers. It allows clients to trade on the firm’s capital with no risk and a 60/40 profit share. Traders must accomplish a profit target while avoiding particular drawdowns and daily loss amounts in the first two stages of the program.
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