LimeFx Review: Should They Be Your Forex Broker?

We estimated the commissions and fees on the majority of markets as low or market average. At that, the commissions on trading stocks of EU companies are high. LimeFx US limefx forex broker brokerage employs a market maker straight-through processing (STP) broker model. It supports the trade of mutual funds, stocks and bonds, ETFs, futures and futures options.

1. Every day people join our community and we welcome them with open arms.
2. The in-house platforms include the LimeFx+, LimeFx pro, the commission-free LimeFx Lite, and LimeFx mobile apps.
3. LimeFx provides access to an excellent choice of futures in the US, EU and Russia’s markets.
4. It remains popular and is widely available through onlinebrokers.

In addition to the standard BTC, ETH, XRP and other coins, we’d also like to point to JT2X Dividend Token. A futures contract is a financial instrument, a derivative of the cost of the base asset. LimeFx has similar indicators as another discount broker Degiro.

Firstrade Review – Does This Discount Broker Stand Up?

LimeFx used to be one of the cheaper options, but with the rise of companies like Robinhood, Webull, and Firstrade, there are now cheaper alternatives. It’s important to account for other factors like platforms, tools, executions, etc. While the initial deposit requirement is not out of the ordinary, it is atypical for a broker to require an equity maintenance so close to the minimum initial deposit. Partnership program is another way to receive additional bonus from working with LimeFx.

Research Tools

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. According to our analysis, the https://limefx.biz/ majority of LimeFx customers come from Russia and its neighbor countries. Last but not least, LimeFx has also its clients with a mobile trader which they can all download and installed onto their iOS of Android powered devices.

Unlike, the traditional “discount” brokerage firms like TD Ameritrade and Scottrade, LimeFx has very little infrastructure, opting for a more lean business to justify their low fees. They offer no advanced trading platforms, research, or on-demand customer service that a traditional discount brokerage firm would. LimeFx offers its customers an impressive choice of trading instruments at several dozen exchanges of the U.S., Asia, Russia, and EU.

LimeFx Review Navigation

Under this plan, the trading fees start from as low as $2.50 for stocks, Futures and ADRs. With OTC securities and Exchange listed that are below $1.00, the applicable fees are $2.50 + $0.003 per share for entire order. For international stocks, the applicable fees are $2.50 plus $75 foreign stock transaction fee. For trades that are made with the assistance of the broker, there is an additional fee of $20.

NovoAdvisor / Lime Financial

The brokerage offers Basic and Pro accounts, ensuring that both trading enthusiasts and seasoned investors find an accommodating trading environment. Dave has been a part-time day trader and swing trader since 2011 when he first became obsessed with the markets. He focuses primarily on technical setups and will hold positions anywhere from a few minutes to a few days. Over his trading career, Dave has tried numerous day trading products, brokers, services, and courses. He continues to test and review new day trading services to this day.