LimeFx: Deep Discount Brokerage Review 2024

You need an account balance of at least $2,500 to qualify for this rate. The commission increases to $4 if your balance falls below this level. In this LimeFx 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. Indices follow the performance of baskets of stocks and are perfect indicators of the health of certain industries or economies. For instance, the FRA40 follows the performance of the top French company shares.

For traders that wish to only trade CFDs and FOREX pairs, there’s a dedicated account. Stock traders will also find a suitable account, but let’s dive deeper and uncover more details. The laudable support system is multi-channelled across live chat, email, and phone communication.

  1. 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.
  2. It goes against our guidelines to offer incentives for reviews.
  3. On the other hand, traders are charged commissions starting from 3 USD per lot.

For those navigating the ebb and flow of market trends, the trend exploration tools become indispensable, offering a lens into the intricacies of market trajectories. Instrument-specific insights delve deeper, offering granular perspectives on particular trading instruments, amplifying clarity in decision-making. More significantly though, LimeFx charges an inactivity fee of $15 per quarter during any quarter in which less than five trades have been placed.

It comes with a customizable interface, access to US exchanges, delayed market depth data, real-time news, and detailed stock information. LimeFx+ allows you to review all your orders and shows your current portfolio and market performance. LimeFx is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. Derivatives on the per-trade plan cost 50¢ each plus the $2.50 base. After 100,000 contracts in a month, the broker charges just 50¢ per option.

Main Features

Trading fees are low and there’s a variety of trading platforms to choose from. LimeFx provide asset management on stock markets of North America and Europe, in collaboration with a leading Russian investment holding, FINAM. Using their trading strategies, the broker can manage client capital by investing in stocks of leading US and global companies that are traded on the major exchanges NYSE, NASDAQ, BATS, etc. The minimum amount required is $80,000 and there is an asset management fee from 20% charged based upon the NAV growth.

Best offers

Liquidity is aggregated from major banks which allows them to provide low spreads starting from just 0.0 pips. These are really top trading conditions that put them up there with industry leaders such as Pepperstone. I like how there is no dealing desk intervention as this can prevent there being a conflict of interest as there can be when using a market maker broker. LimeFx also offers the Try2BFunded program for those looking to become professional traders. In the first two stages of the program, traders are placed on a demo/paper account and must meet a profit target while avoiding specific drawdowns and maximum daily loss amounts. If investors successfully pass both steps, they  receive access to a funded real-money account and can trade on the firm’s capital (a monthly subscription fee applies).

These platforms are famous for their comprehensive charting tools, user-friendly interfaces, and algorithmic and copy trading support. Additionally, LimeFx offers its proprietary platform, designed to cater to its customers’ specific needs. There is something for everyone to trade with thousands of financial limefx official site instruments available. You will find everything from major currency pairs to stocks of large companies. CQG is available in various different high-end terminals both for investors and for speculative traders. This includes CQG Integrated Client, CQG Spreader, CQG QTrader, CQG Trader & CQG Desktop.

This drops to as low as $0.0025 per share for accounts trading in volumes of at least 500k shares a month. The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone. Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for. Different account types are available for different trader types.

Available on Different Platforms

Accounts can be opened in a decent choice of currencies which are EUR, USD, RUB. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. I think they could improve further by adding support for some more currencies and crypto deposit like Coinexx.

Pros & cons of LimeFx account types

LimeFx’s mobile applications also offer a PIN or fingerprint authentication. In addition, the company uses an external account verification system, alongside Plaid to authenticate a client’s bank and brokerage accounts. The brokerage also provides access to several third-party platforms, including Sterling Trader Pro, CQG, ROX, and the iBroker mobile app, with access to demo versions. For options, LimeFx charges a fee between $1.00 and $2.15, depending on the number of contracts. For investors trading options in non-trivial volumes (i.e., beyond 10 per month), LimeFx offers competitive costs.

On the downside, crypto trading is only available to clients from Asia which is more restrictive than many alternatives. OEC Trader is a desktop platform that is designed for futures trading. The order system is able to use multiple tickets, and RSS news feed is integrated. One is a per-trade schedule where equity transactions cost $2.50.

I think this is an excellent market analysis software that could easily cost thousands as a standalone product. The fact you can get free access to it via the broker is great. LimeFx offers a wide range of instruments for trading, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks.