According to our analysis, the majority of Lime Fx customers come from Russia and its neighbor countries. Also, we provide you with free options courses that teach you how to implement our trades as well. Second, the Per Share Plan, which caters to high-volume traders, charges tiered rates per share. Any stock that is hard-to-borrow must be requested through chat or over the phone. If you need to locate a hard-to-borrow stock, Lime Fx will try to find it for you over the phone. The broker does not accept short orders for stocks priced under $3.
Trading accounts
The company offers special conditions for investment portfolios. Each day our team does live streaming where we focus on real-time group mentoring, coaching, and stock training. We teach day trading stocks, options or futures, as well as swing trading.
Every day people join our community and limefx we welcome them with open arms. We are much more than just a place to learn how to trade stocks. Our traders support each other with knowledge and feedback.
We aren’t impressed with the additional trading features available. Based on our evaluation, there aren’t many forex tools to improve the trading experience. This means the broker effectively acts as a middleman to give traders access to the forex market. We appreciate that there are no deposit fees on the Standard and MT5 Global accounts, although third-party fees may apply to bank transfers. Judging by standard procedures, new customers may get their accounts activated within a day, depending on the availability and genuineness of their documents.
Lime Fx’s commission structure may beattractive to cost-conscious traders. They offer a wide range of assets, andtheir minimum deposit requirements are relatively low. Additionally, theyprovide a greater selection of trading platforms than many other brokers. As mentioned above, Lime Fx’s accountstructure differs from the tiered approach common among brokers. Their accounttypes are primarily distinguished by market access. They offer three forextrading account types, as well as a demo account.
Option trades cost 75¢ per contract, with a $1 minimum order. After 100,000 contracts in a month, the broker charges just 50¢ per option. That limefx website said, if you are trading that kind of volume, you may prefer a broker that caters specifically to options traders, like TastyWorks. The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone. Trading fees with this broker are low compared to competitors.
This type of derivative allows traders to go long or short on currencies. CFDs can also be traded with leverage, which increases potential returns (and losses). Other fees to be aware of are the swap fees that are charged on positions held overnight.
How to open an account: step-by-step guide
- Additionally, the broker charges withdrawal fees which vary depending on the method you choose.
- I was disappointed in the lack of equity trading on this platform, however.
- I needed to determine the type of trader I’d be before choosing the right broker.
- There is also an additional email for customer support of ROX accounts holders –
To start trading, a trader needs to have $3,000, while the brokerage commission is from 0.125% of the transaction volume, but no less than $10. This makes it attractive for using medium-term trading strategies. For long-term investment, many professional traders choose trading towards positive swaps. For better understanding, let’s see how much a trader will have to pay for a $5,000 lot of US, UK and German stocks on the platforms of Lime Fx, Degiro and Swissquote. We put all of the tools available to traders to the test and give you first-hand experience in stock trading you won’t find elsewhere.
ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings. Yes, Lime Fx is regulated by a respected governing body. The forex broker holds a license with the Cyprus Securities & Exchange Commission (CySEC). There is also a campaign to become a professional trader which offers a bonus of up to $2000. With that said, there is a ‘Contests’ tab in the broker’s platform which can be monitored for the opportunity to win prizes.
Commissions on options
Please note that you can open any type of account during registration, and then, in your personal account, you can open a different type of account, if necessary. Citizens of other countries can also open accounts on Lime Fx provided that the broker complies with the laws and regulations of such countries. There is exhaustive information about the restrictions on the website of the Cyprus regulator, as the source. At the time when this review was being prepared, citizens of 30 European countries could open an account with the broker. FX and МТ5 Investments are essentially a copy trading service, or investment in the so-called PAMM accounts. The information about IPO is updated regularly on the website and the customers have access to purchase shares before they are in free circulation at the exchange.
Comparing Lime Fx fees with other brokers
It offershigh-speed execution, customizable interfaces, and a wide range of orderrouting options (including DMA, dark pools, market makers, etc.). The results from our assessment show that Lime Fx is a good forex broker. Dozens of currency pairs are available with below-average fees, high-quality order executions and access to two leading platforms – MT4 and MT5. Additionally, the broker charges withdrawal fees which vary depending on the method you choose. Many leading forex brokers we evaluate do not charge at all, so this is a negative, especially for traders who make frequent withdrawals. Meanwhile, the MT5 Global account offers 0.0 pip spreads with an even lower commission of up to $2.
Lime Fx provides a free, web-based platform that’s more advanced than most brokerage platforms. You get real-time streaming data and analysis and level II market data. Also, the layout is customizable, with over a dozen widgets available to open or close anytime. For example, widgets include charting, orders, basket orders, option chains, market depth, news, stock info, and watch list windows.
You will be provided with a login to the demo account, which is a simplified version of the real personal account. Individual portfolios is an offer to invest in one of five portfolios created by Lime Fx. A dedicated specialist from the customer support will be able to advise you on the instruments used for creation of these portfolios. What makes Lime Fx special for stock market trading is ‘customization’ or expandable list of shares.
Trading with Lime Fx, you receive access to the most popular exchanges of the world. The list includes all major pairs, cross rates and some exotic instruments, such as USDILS. Access to the exchanges of Asia and Oceania is average – only 4, albeit rather large, exchanges. This universal combination is designed to satisfy the demands of the majority of customers and make the broker stand out against the competition.
Their website is well-organized, withinformation readily accessible for prospective traders. Unlike some brokers,Lime Fx’s account types are defined by the type of asset traded – forex,stocks and options, futures, or CFDs. They offer a few account types withdiffering market access, fees, and commissions.