Understand the trading resources available with LimeFX, freetrade & LimeFX below. In case you are withdrawing cash in various currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the money you are choosing to withdraw in. As per the organization’s privacy regulations, customer data is to not be shared with any other institutions or individuals.
The overall support via phone from LimeFX was satisfactory. We phoned LimeFX and the call was answered extremely promptly. We were able to have the call answered within less than 5-10 minutes.
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The modification will take effect 1-2 business days after the request is made, but it can only be made once per month. Account holders can send and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card. This company is a specialist in cross-border B2B transactions.
- A dedicated news tab displays current articles that are trending for the day.
- While LimeFX makes a gesture in that direction with its news and social media feeds, this is simply not a significant part of the platform.
- This LimeFX review covers both the pros and cons you need to know before you make an account.
- Finally, LimeFX charges a significant number of fees that the average trader may not know to expect.
- LimeFX is not responsible for the products, services and policies of any third party.
Most agents don’t charge an excessive amount of money for this particular operation. The first kind of charges to look out https://limefx.vip/ for are trading charges. When you make an actual trade, like buying a stock or an ETF, you are billed trading charges.
They also have the capabilities for servicing institutional traders. I like the platform reliability, execution speed, and their customer service. Keep in mind that you do need to pay monthly data and service fees, which are reasonable considering the products you get access to.
LimeFX is a direct market access broker with access to over 25 routing options. LimeFX offers competitive commissions for both per-share and per-trade plans. LimeFX provides access to advanced trading platforms on all devices. LimeFX offers access to 4 third-party locate services so you have access to the best short lists. Active traders can’t afford to settle for anything short of the best tools.
With LimeFX Pro, you can manage several accounts directly from the platform. You can also control your positions, keep an eye on your profit and loss, and trade easily. As an all-in-one trading workstation, the platform allows you to strategize, analyze and execute all your trades on a single platform. It also limefx website has cutting-edge features that can help you improve your trading results. LimeFX Pro has garnered several positive reviews from many traders and will meet the needs of any experienced trader. With a $30,000 minimum opening deposit requirement, we obviously won’t suggest this broker for small accounts.
For day traders who use multiple setups, a low-resource direct access brokerage platform avoids any lag in pricing and trade execution. Dave has been a part-time day trader and swing trader since 2011 when he first became obsessed with the markets. He focuses primarily on technical setups and will hold positions anywhere from a few minutes to a few days. Over his trading career, Dave has tried numerous day trading products, brokers, services, and courses. He continues to test and review new day trading services to this day. Risk management features are sufficient for most LimeFX brokerage account holders.
LimeFX Is Best For:
For example, a brokerage might charge you for making deposits into your brokerage account, taking money out of it or signing up for additional services. Day traders were one of the first groups to jump into online investing. The upshot is that niche platforms such as LimeFX and the related LightSpeed Financial are some of the oldest trading platforms on the internet. In this case, LimeFX’s history stretches back to 1999. You’ll need to complete an application online or send in a by email, fax, or mail. LimeFX will then send an email to confirm the account opening.
U.S. and foreign clients must comply with a minimum deposit requirement of $30,000. The charting features are also sufficient, featuring many chart types and technical indicators. The platform interface looks like a day-trading platform should look. It is intuitive and focuses on the most important aspects, such as speed and reliability. Furthermore, it allows for advanced customization with over 100 hot-key options to help you cut the lag to the minimum. You can also build customized watch lists and stock scanners.
Mobile Trading App
LimeFX brands itself as a low-cost trading service provider, and rightly so since its trading commissions and fees are among the lowest in the industry. The case isn’t the same regarding software fees, however, although, for most traders, they are reasonable and adequate for the quality of the offering. The platform allows you to customize the layout to make your trading experience convenient. There is also the option to manage multiple accounts directly within the platform.
It’s possible to draw sums up to the sum of your account balance, keeping aside the perimeter used. One thing to remember is that you don’t necessarily need to have any cash on your accounts. This LimeFX review breaks down each of the applicable non-trading charges for you in detail. But, non-trading fees charged by LimeFX are relatively competitive. Consequently, you’re billed more for non-trading activities in your trading accounts, such as deposits and withdrawal. These are not related to the sale and purchase of resources.
Compare to Other Trading Platforms
These are rather basic pieces of information, although we should only expect so much from a browser-based platform. Besides its failure to provide IRA’s, LimeFX fails to offer any portfolio management. The brokerage firm has one physical location in Carmel, New York, which is about an hour and a half from Manhattan. This is available only during normal business hours, however. If you try to use the chat function outside of customer service hours, the pop-up window will present an e-mail form instead; and we thought this was a helpful feature.
However, if you want to ensure a good day trading learning experience, LimeFX isn’t the place for you. LimeFX Pro allows you to manage multiple accounts directly within the platform so that users can control their positions, monitor their P&L, and execute trades with ease. More than just support, we are committed to customer engagement that provides significant value. A company built from the ground floor up with laser-like focus to provide the best tools, service and rates. LimeFX provides information about, or links to websites of, third party providers of research, tools and information that may be of interest or use to the reader. LimeFX receives compensation from some of these third parties for placement of hyperlinks, and/or in connection with customers’ use of the third party’s services.
Information displayed includes the market a security trades on, the 52-week range, and the bid-ask spread. A small chart sits underneath this, and there’s also time & sales data shown. More significantly for some investors will be the lack of mutual funds. If you’re interested in exchange-traded funds, LimeFX offers all US-listed products. However, the broker-dealer does not have a list of commission-free ETF’s; and this puts it at a pretty significant disadvantage here. Furthermore, we did not find much in terms of ETF resources, such as articles or videos on ETF basics, which are available at other brokers.
Skrill also offers cross-border payments through its remittance service Skrill Money Transfer. Customers can transfer funds to a bank account in another country by using their credit card. It was in the year 2015 that Skrill became part of the Paysafe Group along with former competitor Neteller and prepaid payment service paysafecard. However, due to regulations LimeFX can’t accept clients from Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America. Even so, LimeFX doesn’t have assured stop-loss protection.
The platform offers real-time Level II data, a feature not very common on mobile platforms. The platform also has advanced charting with technical studies and multiple timeframes. Watchlists are on tap as well; the day’s change is shown along with last trade price. Based out of New York, it’s part of Stock USA Execution Services Inc. It’s aimed specifically at day traders who require advanced tools to maximize their profitability.
Their commission structure is in line with other discount brokers. Keep in mind that you won’t be able to trade futures or Forex. The COR account has the option of per trade commission which is more cost efficient for those trading larger size orders. LimeFX’s emphasis is on active trading by experienced investors.
Create and save custom stock scanners to pinpoint ideal trading opportunities that align with your strategy. Maintenance Requirement is that part of the value of your securities that is withheld from your equity when holding security in your account. If the account closes (marked-to-market) below $15,000, the account will be reduced to 1 x buying power.