Historical data can be obtained from the platform, and multiple order types are available. 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. Forex hours are generally Sunday evening until Friday evening, whereas stock markets are often only open during the day, Monday-Friday. Crypto, on the other hand, is active 24/7 due to its decentralised nature.
- You can even run “what if” scenarios through expiration and much more.
- Each of these apps can be downloaded for free from the Apple App and Google Play Stores.
- However, it is one of the best options on the web for traders looking for low fees and you will be hard pressed to find another platform that puts pressure on OptionsHouse in this regard.
- I think they could improve further by adding support for some more currencies and crypto deposit like Coinexx.
- MT4 and MT5 might be known to any trader, as they are the most used platforms in the industry especially loved for their great functionality and customer-friendly design.
Forex trading is operationalized on a spread basis, eliminating the necessity for additional commission fees and ensuring a straightforward trading environment. You can see real-time streaming of prices, inclusive of price graphs that move in real time, and there’s a search feature at the top which allows you to look for any price you wish. The platform is easy enough to use and understand, but it runs the risk of overwhelming at the same time. There’s a lot going on the minute you log on, and even though it’s all simple enough to the initiated, it could understandably intimidate a beginner. Overall, this is a good offering and there should be enough here to keep intermediate to advanced level traders interested. LimeFx also offers partnership programs for institutional trading and for individuals who want to become introducing brokers (IB).
Cryptocurrency Trading Details
LimeFx positions itself as a viable choice for traders by maintaining competitive and transparent fee structures that align with varied trading needs and profiles. One big point of criticism for OptionsHouse is its poor customer support, which according to many customer reviews is awful. There are many complaints about long wait times and dropped connections.
- LimeFx has recently spruced up this demo environment with enhanced features, making virtual trading ever more aligned with real market conditions.
- In our review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms.
- There are two commission plans for trading, one of which is aimed at those that trade relatively infrequently and one of which is aimed at the more active traders.
- All of the information about these options is available right on the screen, including the bid/ask prices, price changes, deltas, trading volumes, and expiration dates.
- Crypto exchange fees are usually segmented into three different parts.
Each of these apps can be downloaded for free from the Apple App and Google Play Stores. In addition to these platforms, there is also ROX, which provides access to US stocks and options exchanges. OptionsHouse set out to provide amateur retail traders with access to similar functionality and tools that are available to the professionals. It’s fair to say that this has been achieved, and with very competitive commissions too. If OptionsHouse has a weak spot it’s probably in the research tools they offer. There is no third party research available, something which most brokers do provide, and much of the research features they do have are somewhat lacking in depth.
LimeFx mutual funds review
Keeping this information in mind, it makes sense that there are multiple other factors that need to be accounted for. Also, it’s worth mentioning that LimeFx has no deposit fees for cryptocurrencies and tokens – there’s but a 3% fee for a bank wire transfer. Undoubtedly, fees are going to be one of the most important aspects to look into when trying to decide which crypto exchange or brokerage will suit your wants and needs the best.
Thus, before diving into LimeFx’s offerings, immerse yourself in a comprehensive evaluation process tailored to your aspirations and constraints. Details regarding futures trading fees are subject to verification, and potential traders should consult LimeFx’s official platform for accurate, real-time information. LimeFx provides traders with competitive floating spreads starting from 0 pip. Based on our finds, the average spread for EUR USD is 0.5 pips with all costs included, and ECN account for active traders features raw spread plus $3 commission per lot. This service is for clients who prefer to make investment decisions with professional assistance.
Is LimeFx A Good Broker?
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Traders placing a high volume of positions will also find the fees very reasonable. 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. Virtual accounts are excellent for beginner investors, as well as more experienced clients looking to test a new trading strategy.
OptionsHouse provides customer support via phone, email, and live chat. The staff appears to be very knowledgeable and they are certainly helpful. It can be something of a chore to https://limefx.biz/ connect to live chat as you have to input a fair amount of details, but this is a very minor issue. Telephone support is available from 7am to 7pm Central time, Monday to Friday.
It provides robust, customized options chains so that you can execute trades quickly. This includes the ability to view 16 different options chains and to select single options and strategies to place your orders quickly from the same page. Overall, LimeFx is a reliable broker with competitive trading options to choose from.
There is absolutely zero guarantee on the performance when investing in asset management. Read the risk disclaimers on the LimeFx website and seek independant advice. LimeFx is a globally renowned online securities trader that best describes itself as a deep discount brokerage house.
For customer support reasons, the broker has opened representative offices in almost all major locations covering most of Europe and Asia. Also, traders always need to consider swap or rollover fees which may be charged for positions held open for longer than a day. Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. All funds deposited into your trading account must be under the same name as your LimeFx trading account.