It offers single-window trading,advanced charting tools, and a depth of market feature. MetaTrader 5 is offeredwith Lime Fx’s MT5 Global account and can be used as a desktop, mobile, orweb app. Their website is well-organized, withinformation readily accessible for prospective traders. Unlike some brokers,Lime Fx’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. Under this plan, the trading fees start from as low as $2.50 for stocks, Futures and ADRs.
iBROKER Mobile
For example, mousing over the Greek letter sigma displays all of an option’s Greek data. Mousing over a strike price displays the intrinsic and time values of an option in graph format. The desktop trading platform makes use of images, pins, and phrases for better security of the user and its https://limefx.group/ information. From Monday to Thursday, 9-6 pm EST is the available time for customer support, and on Friday, the timing is 9 am to 5 pm EST. It usually takes five business days, along with an ACH activation form. With customizable charts and real-time data streaming, it is browser-based.
Lime Fx Offers or Deals
Although going with the name, it has fewer features, and it’s useful for someone trading from charts. Lime Fx requests four different platforms, which include MetaTrader4 and MetaTrader5, CQG, and ROX. Two out of these named MetaTrader 4 and 5 are well-known because they are most used by the traders. Lime Fx has one of the lowest commission rates in the trading industry. As a financial services provider operating in the U.S, Lime Fx comes under one of the most regulated sectors in the U.S economy.
- While thebasic desktop CQG platform is free, there are charges for upgraded features anddata packages.
- Traders using a desktop program would prefer this as it delivers data and executes it faster than normal browser-based co-parts of it.
- Haynes & Company, which has been a registered broker-dealer since 1981 and has an almost-spotless regulatory disclosure record since then.
- The broker also offers a range of trading platforms, like the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Inactivity Fee
In other words, Lime Fx is for the pragmatic trader seeking simplicity and efficiency. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. In the United States is licensed and regulated by both the Commodity Futures Trading Commission and National Futures Association(NFA).
Seamless Financial Transactions
The brokerage house promises “high speed with reliable operations.” Presumably, this one should deliver executions and data faster than its browser-based cousins. Historical data can be obtained from the platform, and multiple order types are available. As the name implies, it has fewer features and would be good for someone who primarily trades from charts. With the per-share plan, equity trades are 0.25¢ per share, with a minimum commission of 50¢. The per-share commission drops to 0.15¢ per share for accounts that can trade more than a million shares per month.
Comprehensive Assistance for Traders
They also extend their reach to cater to queries during extended hours. For investors who want to trade on the go, Lime Fx provides a seamless mobile trading experience with dedicated applications for Android and iOS devices. These apps enable traders to execute trades, analyze charts, and manage their accounts from anywhere. Sterling Trader Pro is another platform that is available to Lime Fx customers. Some broker-dealers charge for this, so free access is quite generous. The software offers direct-access routing, option tools, and real-time market data.
Based on the user experience, the following rating and reviews are provided. As discussed already, the minimum balance for keeping an account open is $100. All these accounts have certain area restrictions and are accessible anywhere, excluding a few countries.
ROXPremium – ROX Premium provides access to major USstock and options exchanges (NYSE, NASDAQ, CBOE) for market data and orderrouting. It also offers connectivity to key exchanges in Canada, Mexico, andEurope. MetaTrader 4 is offered with Lime Fx’s Standard, Forex ECN, andForex ECN Pro accounts and can be used as a desktop, mobile, or web app. Lime Fx 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.
So, you want to keep your account active and engaged to avoid withdrawal restrictions. Transfers in from one account – say the IRA – to the account are free. Lime Fx says its “preferred method of contact is either by our online chat function or email.” It seems strange limefx official site that they wouldn’t want phone calls. Personally, I would expect my broker to willingly accept phone calls. There are several technical studies available, including Aroon Oscillator and ZeroLagMa. The company is working in the correct direction for development.
It is just slightly over half of the $4.95 price point that several online brokerage firms have gravitated towards lately. Lime Fx 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.
A demo account is available to people with the Lime Fx+ and Sterling Trader Pro. Lime Fx+ is a browser-based platform that has some powerful features which are similar to level II data. It allows investors to have access to markets without actually trading on their own. This might lead to the potential generation of revenue through investment fund management. It takes one entire business day for domestic wire transfers, given that the information provided is legit. The transferring of the fund in the case of non-US countries may take one to two business days.
Such accounts at Lime Fx are not debit card / Paypal / credit card checks funded. Hence, protecting the consumer leverage ratio is way smaller than Forex offered before. Besides, Lime Fx is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF). So, if the broker fails to settle claims of investors or folds up, they are secured up to $500,000 and €20,000 correspondingly. If you leave your account unused over a long period, Lime Fx will charge an inactivity fee.