19 Oct Can It Compete With Top Brokers?

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.

Market Buzz is another interesting solution for active stocks traders. The broker’s customers can download a plugin for MT4 to use this information right on the chart of the platform. It is located on cqg.com domain, and written mainly in HTML5. The theme is dark by default and during the first login, the system offers you to discover the platform’s interface. Completing this short overview of QTrader, let us say that CQG Incorporated, as a company producing software for trading at the exchange, was established in 1980. And QTrader is a rather complex product with years of work behind it.

The brand was acquired in 2015 by WhoTrades Inc, a company that promotes social trading services. New York residents can also walk into the broker’s offices at One Penn Plaza in New York. Broker maintains up to 14 different types of user accounts on its platform.

Swaps on Forex

A small number of educational materials can be found in the Blog section on the broker’s website. However, these ‘tidbits’ for the beginners can unlikely be viewed as educational services. Analytical materials on Forex, commodity markets and stock indices are posted once a day, closer to the middle of the European session. We counted around 40 of those, including Tradingview, Sierra, Volfix, ATAS, Multicharts, Jigsaw and other products for different trading styles.

How To Open A Lime Fx Account

Algorithmic traders may also have an interest in Lime Fx given the ease with which APIs and custom automated trading applications can be connected. CQG gives direct access to over 40 global markets and products, including futures and options. Lime Fx+ is a browser-based platform that requires no software download. It comes with a customizable interface, access to US exchanges, delayed market depth data, real-time news, and detailed stock information. Lime Fx+ allows you to review all your orders and shows your current portfolio and market performance.

1. The broker offers several account types, but the commissions on them are similar in general.
2. Legally, it belongs to Just 2 Trade Online LTD with the license in Cyprus.
3. Conditions of Lime Fx for holding marginal positions cannot be considered attractive for developed markets.

Alternatively, you can head to forums and sites like Trustpilot for other user reviews. There may be limefx broker reviews a welcome bonus of up to $2,000 when signing up for a Lime Fx Online LTD pro account, depending on your location. This is a hefty account promotion though there may be withdrawal terms and conditions. Sterling Trader Pro is a direct-access platform for equities and options.

These platforms are famous for their comprehensive charting tools, user-friendly interfaces, and algorithmic and copy trading support. Additionally, Lime Fx offers its proprietary platform, designed to cater to its customers’ specific needs. As you can see, Lime Fx offers beneficial conditions for trading US stocks, which can only be comparable to Degiro, the discount broker. In the majority of other markets, we estimated the broker’s commissions as high due to a considerable minimum commission per trade. This makes trading small lots of UK, German, Japanese and other countries’ stocks unprofitable.

News Lime Fx

The broker states that the accounts are opened within one day. A manager called us within 20 minutes, we discussed all issues and questions and our account was verified in an hour. This is one of the best results in terms of quickness of account opening among the brokers with European regulation. Citizens of other countries can also open accounts on Lime Fx provided that the broker complies with the laws and regulations of such countries.

The line of financial products for passive income is a very strong suit of Lime Fx. To begin with, below is a table of the broker’s commissions on each market, excluding exchange and clearing fees. Then, we will use examples to see how beneficial they are compared to other brokers. To help understand Lime Fx commissions on each available market better and unify information, we will calculate the size of the commission on each market, using real examples.

Our review is nonetheless alive to the fact that its platform doesn’t have an integrated mutual funds screener. The broker does not charge a deposit fee on all available methods and there is zero withdrawal fee on withdrawals to the account at FINAM bank and UnionPay payment system. Account service fee is $5 per month, but it is only charged if the customer hasn’t had any trades within the specific month. Lime Fx provides access to an excellent choice of futures in the US, EU and Russia’s markets. We estimated the broker’s commissions as average in limefx courses scam the market. The broker offers the most beneficial conditions in the US market.

As a reminder, a marginal position means that you purchase securities not only with your own money, but also borrow from the broker. Let’s review how much a trader will have to pay for these sorts of services. The size of the swap depends on the interest rates of the central banks that issued the currencies in the currency pair. In case of positive swap, a certain number of points is accrued to the account, and in case it is negative – the points are written off the account. We estimated Lime Fx commission on the Forex market as very low.

Compared to other brokers, Lime Fx is significantly behind in terms of available base currencies. Also, there is a good chance to get confused about the account, as one and the same account could have different names in different places. For example, on the website, the account’s name is US Exchanges, and inside your personal account – Global Markets. The entry is allowed to Russians, Ukrainians, Belarusians and residents of many other countries.

Instrument-specific insights delve deeper, offering granular perspectives on particular trading instruments, amplifying clarity in decision-making. Lime Fx’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads. Lime Fx doesn’t charge withdrawal fees, prioritizing smooth and straightforward financial transactions. With its regulatory oversight, Lime Fx offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers.

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. Besides the default routing option, Lime Fx + offers Nasdaq and Arca venues. Traders who need more options than these can use Sterling Trader Pro, which offers many more. In this Lime Fx review, we determine that they offer good value in the way of software offerings, good commission prices, and offerings that just about match the rest of the industry.