This account features a minimum deposit amount of $100, nobrokerage commission, and negative balance protection. LimeFx would be a good choice for investors who place a lot of trades every month and want low commissions for these transactions. Many brokers don’t offer trading in futures, so the brokerage firm would also be ideal for traders who are interested in commodities or cryptocurrencies. https://limefx.club/ If you’re an experienced active day trader, you may find that LimeFx has better rates than your current broker. Other things to consider include the interest they pay on your uninvested funds, the type of securities offered, the initial investment required, etc. Brokerage commission equals 0.006 USD per share on US stocks and commissions start from 1.5 USD per trade.
For example, from the screenshot above, it is evident that PFE is extremely active. This is due to the fact that at the time this review was being prepared Pfizer announced production of a Coronavirus vaccine, which is why its securities grew over 6% a day. Noteworthy, the minimum deposit for trading US options on LimeFx is $3,000. We estimated the broker’s conditions on the options market as average. However, for large volumes of trading, the commissions are low.
The broker immediately gives you access to an MT5 user id and password for the web, desktop and mobile app separately along with $100,000 in virtual funds. Ryan is a day trader with over a decade of market experience ranging from basic investing to active day trading. Over the years, he has tried tons of trading services and aims to educate other traders so they can make the smartest decisions.
- I like how there are accounts for different trading styles and flexible payment options fund your account.
- But after that, you will be able to easily navigate your account.
- The global social network, WhoTrades, allows traders to construct a personalized feed and discuss ideas, companies/securities, news, and strategies of interest.
- LimeFx offer professional customer support 24/7 via online chat, telephone and email.
There is something for everyone to trade with thousands of financial instruments available. You will find everything from major currency pairs to stocks of large companies. Overall, the family of CQG platforms presents a professional solution for working in the financial markets. LimeFx offers clients access to awide range of asset classes, including forex, precious metals, stocks, indices,energies, futures, options, and bonds. Their selection includes tens ofthousands of individual assets. For example, they offer over 30,000 stocks andmore than 90,000 option assets.
LimeFx’s Fees and Pricing Review
On the sides of the workspace, there are Toolbar panels with menu and quick access buttons. The traders thus can build their own workplace that fits best with their strategy. We counted around 40 of those, including Tradingview, Sierra, Volfix, ATAS, Multicharts, Jigsaw and other products for different trading styles. There are more methods of withdrawal on LimeFx in addition to a bank transfer and in terms of this the broker compares favorably with Degiro.
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Personal account on LimeFx might not be considered to have the purest design or be as user friendly as possible, but its structure is quite intuitive. You will need to spend a little limefx official site bit of time getting to know where everything is. But after that, you will be able to easily navigate your account. Also, you need to specify the type of the account you want to open.
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Step 2: Time to verify your account
In the United States is licensed and regulated by both the Commodity Futures Trading Commission and National Futures Association(NFA). 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. The discount broker further provides limited ETF-related educational and research reports. For the customers, who prefer to work via email, there are 4 subscriptions depending on the markets and frequency of newsletters.
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. In the United States, LimeFx is licensed and regulated by both the Commodity Futures Trading Commission and National Futures Association(NFA). There, however, are no ETF trade screeners on the LimeFx platform. Contact us directly for further inquiries about our products and services. OEC Trader is a desktop platform that is designed for futures trading.