LimeFX is a regulated online broker offering a wide range of products, services, accounts and trading platforms. They provide global traders with competitive trading conditions limefx and fees. Their website is well-organized, withinformation readily accessible for prospective traders. Unlike some brokers,LimeFX’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. In our review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms.
LimeFX mutual funds review
LimeFX is owned by Lime Trading (CY) Ltd, which is regulated by CySEC and ESMA. It is also a member of the Investor Compensation Fund, which provides additional protection to customers should the broker be unable to meet its obligations. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.
Account Types
The directive contains measures for the organisation and functioning of investment firms, facilitating cross border trading, while creating strategic opportunities. There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips. Let’s compare the fee policy with other brokers to better understand the difference. With its regulatory oversight, LimeFX offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers.
Our experts tested and reviewed each trading platform in more detail below. The FIX API is an electronic communications protocol that was developed for the real-time exchange of trade-related information. It is commonly used by professional traders and allows you to avoid the use of intermediation software. This provides a direct connection to institutional liquidity providers with lower latency and improved fill rates.
Indices trading on LimeFX
With a fee structure that will be attractive to high-volume traders and regulation by the ESMA, LimeFX provides a top-end, competitive investing service. New traders can also get started with a low minimum deposit of $100. This is an account for beginners who want to understand how the currency market works, and practice trading without any financial risk. I also think demo accounts can be a great way to practice a new trading strategy and see what a broker has to offer before making a commitment. I am impressed how by how they incorporate a high-speed trading infrastructure with ultra-modern 100G network covering Europe, America, Asia and Russia.
- If you find that your country is not accepted, please feel free to take a look at our broker ratings for another option.
- LimeFX offers an unusually wideselection of trading platforms compared to many online brokers.
- This means that the level of oversight and supervision on this brokerage is likely to be greater than that of an offshore and unregulated firm.
- Currency conversion fees may apply if the currency in your bank account or on your card is different from the base currency of your LimeFX account.
- They differ in such ways as the depth of their market analysis, access to sophisticated indicators, and platform-based trading costs.
- The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries.
In addition, professional traders can benefit from a bonus of up to £2,000 when topping up funds in their accounts. There are usually no deposit fees but banks may charge a third-party fee for wire transfers. Deposits limefx reviews to the ECN account may also be charged a commission of up to 3% (apart from Litecoin deposits, which remain at zero commission). Currency conversion fees may apply if the currency in your bank account or on your card is different from the base currency of your LimeFX account.
This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets. Investing.co.uk has been helping British traders find the right broker for over 20 years. Lime Trading (CY) Ltd – the owner of LimeFX – is regulated by CySEC and subject to oversight from the European Securities and Markets Authority (ESMA). 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. We were pleased to see that the company’s online website is owned by LimeTrading (CY) Ltd, which is regulated by the reputable Cyprus Securities and Exchange Commission (CySEC).
