The list of coins available on J2t is on the screenshot below (also support of Stellar XLM was announced). Trading and investment in crypto assets are a separate line and there is a dedicated domain for it j2tx.com, where you can conveniently buy cryptocurrency using a debit/credit card. In the table below, we compared the broker’s instruments with the competitors, although some positions cannot be properly compared, as the brokers provide data in different formats.
The daily deposit limit is set at $100,000 and withdrawals capped at $25,000. These amounts can take up to 7 business days to reflect in your LimeFx account and can only be withdrawn via ACH 10 days after the date of deposit or 60 days via check or bank transfer. Embedded within the spread, the CFD fees promote economical trading experiences for users engaged in CFD trading activities. Noted for its economical approach, LimeFx’s trading fees are distinguished by their competitiveness, frequently appealing to both novice and experienced traders alike. LimeFx is astutely discerning in its approach to account types, ensuring that both fledgling enthusiasts and seasoned veterans find an accommodating trading environment.
Overall, the clientage looked satisfied and happy with the services of this broker. LimeFx provides access to an excellent choice of futures in the US, EU and Russia’s markets. LimeFx applies different approaches to charging commissions on trading with different exchanges. At the stock market, it could be a commission per share (NYSE, Nasdaq), or per trade (EURONEXT, LSE) On the Forex market, the broker charges a low fixed commission per lot. Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges. Currently employs over 1200 employees and maintains offices in over eight countries including the United States, China, and the United Kingdom.
- A smart broker with a low initial deposit and the ability to integrate third-party trading programs through the Open API.
- Furthermore, its robust customer support and streamlined deposit and withdrawal mechanisms add credence to its reputation.
- Thus, before diving into LimeFx’s offerings, immerse yourself in a comprehensive evaluation process tailored to your aspirations and constraints.
- New York residents can also walk into the broker’s offices at One Penn Plaza in New York.
- In the United States is licensed and regulated by both the Commodity Futures Trading Commission and National Futures Association(NFA).
You will need to spend a little bit of time getting to know where everything is. The third step is Account Settings, where you specify the account type, security word, and set up leverage. Please note that you can open any type of account during registration, and then, in your personal account, you can open a different type of account, if necessary.
What did our traders think after reviewing the key criteria?
Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience https://limefx.vip/ when it comes to trading online so we know what to look for. Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites.
LimeFx is a Cyprus-based company that offers its trading services since 2007 and has gained the trust of over 155,000 clients from 130 countries. One of the most attractive offerings from LimeFx is the low margins and no hidden fees policy. Over the years, it has gained the trust of over 1 55,000 clients across the world. It provides a competitive price and a plethora of trading tools to its day traders and investors. MetaTrader 4 – MetaTrader4 is designed for
trading operations and technical analysis in real-time while working in the
Forex, CFD, and Futures markets.
- In this broker US review, we will be vetting the truthfulness of these claims, analyze the brokerage products and detail the nature of its services.
- LimeFx minimum deposit is a thing, however – and that minimum deposit is $100.
- For long-term investment, many professional traders choose trading towards positive swaps.
The commission rate in this account type ranges from 0.006% to 2.5% depending on the trading instrument. LimeFx impressively integrates a broad array of trading instruments with sophisticated platform features, catering deftly to both trading neophytes and market veterans. The platform’s commitment to user-centric solutions is evident in its diverse account types and its focus on enhancing the demo trading experience. Furthermore, its robust customer support and streamlined deposit and withdrawal mechanisms add credence to its reputation. In a world full of trading possibilities, LimeFx emerges as a solid choice for investors seeking a seamless blend of affordability and professional-grade trading platforms. Tailoring to both novice and seasoned traders, the broker offers an impressive suite of account types, ensuring an adaptable and rewarding trading environment for its diversified clientele.
Advantages and Disadvantages of Trading with LimeFx
I am impressed how by how they incorporate a high-speed trading infrastructure with ultra-modern 100G network covering Europe, America, Asia and Russia. This allows them to maximise order execution speeds, from 0.05 seconds. They offer direct access to the markets with competitive commissions, reliable execution and maximum liquidity from their liquidity providers (LPs). Liquidity is aggregated from major banks which allows them to provide low spreads starting from just 0.0 pips. These are really top trading conditions that put them up there with industry leaders such as Pepperstone. I like how there is no dealing desk intervention as this can prevent there being a conflict of interest as there can be when using a market maker broker.
LimeFx Review 2021
According to its regulation, LimeFx is subject to various restrictions on how to operate the trading process. LimeFx which is owned by LimeTrading (CY) Ltd operates through its registered office in Cyprus and is authorized and regulated by CySEC. For the Cons, there are some limitations in education, and sometimes will be required third-party software for certain research tools. As discussed already, the minimum balance for keeping an account open is $100. Each account has a different requirement applying to them and requires different minimum balances for their maintenance and working. LimeFx enables the client’s capital management by investing in stocks of many global companies that get traded on NYSE, BATS, etc.
Regulation And Licensing: Securities Investor Protection Corporation (SIPC) And CySec
You can get direct access to a huge range of markets with low commissions, instant execution and maximum liquidity. I like how they take an individual approach to each client regardless of your investment size and have 24/7 support. There is an abundance of high-quality research that covers all financial markets and instruments which can help to inspire trade ideas. Alternatively, you can open a free demo account if you prefer to get a feel for what the broker has to offer.
However, I personally prefer the MetaTrader platforms as I feel that they are the most user-friendly. I also like the automated trading features of these platforms and fact you can find a plethora of free and paid add-ons to enhance the platforms capabilities even more. That being said, the platforms built-in tools should be more than enough for most traders. LimeFx+ and LimeFx Pro offer PIN or fingerprint authentication for a trading account. But for some features, LimeFx will employ Plaid to authenticate a client’s bank and brokerage accounts.
Trading on the LimeFx network is made easier by Novoadvisor, a proprietary trading platform developed by LimeFx that connects investors with the best-performing investors and trading strategies. The company has also recently begun accepting cryptocurrency deposits, such as Bitcoin and Ethereum. PayPal, credit cards, checks, money orders, and Western Union cannot be used to fund accounts.
The broker’s customer support service starts with a hugely comprehensive FAQ section that tries to answer most of the common platform user queries. Most of the queries on the page touch on the different services offered by the broker, especially the ones that touch on fees, margin trading, and trader platforms. This account is for professional traders, trading through one of the most powerful and modern platforms for Forex and MetaTrader 5 stock exchanges. Spreads on this account type start from 0 pips with a $2 per lot commission charged.
After establishing an ACH relationship between the LimeFx and the person’s bank account, fund transfers get facilitated. It further does not includes traveler’s checks, money orders, and Western unions as well. Wire transfer, OFX transfer, limefx website ACH transfer help in the funding of a LimeFx account. Such accounts at LimeFx are not debit card / Paypal / credit card checks funded. However, if your account balance falls below this limit, the commission sees an increase to $4.
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