I needed to determine the type of trader I’d be before choosing the right broker. Brokers brag about their rates, like chat rooms claiming to help thousands of traders. Finding the correct broker and subscribing to the right education program took me a long time. In this LimeFX review, we look at the platforms they offer. Therefore, any trader style should find a suitable platform among the choices.

However, it lags the competition in certain areas, including platforms and tools. Although there are companies with lower minimum deposits, this is still a reasonable amount. This is a professional trading account on MT4 with a $100,000 minimum deposit. Traders have access to metals, oil, index CFDs and 47 forex instruments. In addition to these platforms, there is also ROX, which provides access to US stocks and options exchanges.

Account Types

It could also make better use of contrast with the text/background to help users navigate around. The platform itself is extremely easy to use and navigate thanks to the acquisition of TradeMONSTER back in 2014. Initiating one’s journey with LimeFX is elegantly straightforward and designed with user efficiency in mind.

Regulation and deposit protection

There are webinars which you can register for, but not much else. These would be useful, especially for explaining how some of the unique features and elements of the OptionsHouse platform itself work. The charts are good, but much more could be offered in the way of actual data to allow for independent research. Overall, making trades is relatively simple and the whole process could be executed in a matter of seconds if opportunity presented itself. Actually filling your order and placing a live trade is simple enough and can be done in seconds.

Each day we have several live streamers showing you the ropes, and talking the community though the action. 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. Deciding which one is right for you comes down to differences in the overall trading experience.

Withdrawal Fee

The discount broker further provides limited ETF-related educational and research reports. Any stock that is hard-to-borrow must be requested through chat or limefx broker reviews over the phone. If you need to locate a hard-to-borrow stock, LimeFX will try to find it for you over the phone. The broker does not accept short orders for stocks priced under $3.

Broker maintains up to 14 different types of user accounts on its platform. In this broker US review, we will be vetting the truthfulness of limefx review these claims, analyze the brokerage products and detail the nature of its services. This should help you form an opinion on the reliability of the online broker and aid your decision on whether to trust them with your cash. As the name implies, it has fewer features and would be good for someone who primarily trades from charts. This failing could be considered fair enough considering the fees charged by OptionsHouse, but it’s definitely an area where the broker should look to improve.

LimeFX ensures its traders have a robust set of tools at their disposal. The broker also offers a range of trading platforms, like the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5). 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.

1. These fundamental report cards will only give you very basic information on the company such as its size, market cap, industry sector and trading volume.
2. In other words, LimeFX is for the pragmatic trader seeking simplicity and efficiency.
3. In addition to these platforms, there is also ROX, which provides access to US stocks and options exchanges.
4. The commitment to client security is evident in its provision of segregated accounts, ensuring that the broker separates client funds from its operational finances.
5. This should help you form an opinion on the reliability of the online broker and aid your decision on whether to trust them with your cash.

The platform is also extremely customizable, more so than others. The entire interface can be set up to suit your own preferences, simply by adding or removing different sections to the layout. You can even adjust the size of certain sections or choose to have them open up in a new window. Our content is packed with the essential knowledge that’s needed to help you to become a successful trader. On our site, you will find thousands of dollars worth of free online trading courses, tutorials, and reviews. If you’ve looked for trading education elsewhere then you’ll notice that it can be very costly.