There are many differences between Avatrade and LimeFx as a brokerage firm. At Asia Forex Mentor (AFM) Evaluation, we try to analyze various brokerage platforms that are operating in the financial markets. Each broker and its services are researched and assessed thoroughly to come to a conclusive opinion so that the traders and investors can make up their minds regarding their investments. ROX trading platform provides traders with direct access to the stock markets of Canada, the USA, and other countries.
- The third step is Account Settings, where you specify the account type, security word, and set up leverage.
- It achieves this by fusing together
analyst research with automated analytics such as pattern recognition trading
software on a wide variety of markets and in multiple languages. - LimeFx requests four different platforms, which include MetaTrader4 and MetaTrader5, CQG, and ROX.
- There is also an additional email for customer support of ROX accounts holders –
- Withdrawal requests are processed within 1-5 days depending on issuing bank.
LimeFx is the first Forex broker to obtain a license from the Bank of Russia at the end of 2015. It is one of the few local currency brokers, along with VTB24 Forex https://limefx.biz/ and Gerchik & Co, and Alpari, although the latter is a much larger company. LimeFx applies a minimum trade size for all its accounts of 0.01 lots (micro lot).
The desktop trading platform makes use of images, pins, and phrases for better security of the user and its information. This also facilitates re-earning the money in case the broker turns bankrupt. It is a regulated broker-dealer and is a part of FINRA, SIPC, NFA, as it’s a member.
LimeFx+ is a browser-based platform that has some powerful features which are similar to level II data. The traders and clients of LimeFx can use the mobile platform. Other platforms for trading include Sterling Trader Pro, which has option tools and shows real-time market data as well.
A major part of any broker’s legitimacy and reliability depends upon the legal framework it follows. Hence, LimeFx can be said to be a trustworthy name when it comes to legit online brokers. Overall, the family of CQG platforms presents a professional solution for working in the financial markets. The biggest disadvantage of CQG compared to Metaquotes products is a fee for use, although advanced traders will agree that quality software that provides an advantage in trader deserves to be paid for. LimeFx is an experienced broker that provides a wide variety of services, products, and trading platforms.
Understanding the Impact of Liquidity on Forex Trading with the Most…
As an online broker LimeFx provides direct access to customers in multiple trading assets of the financial markets. From forex, stocks, futures, bonds, metals, and Cryptocurrencies, LimeFx offers numerous trading options to its potential clients. Along with the security of investment and funds, the second advantage of LimeFx is that it provides trading options in many asset classes. Even when major online brokers do not offer trading options in futures and bonds, LimeFx also provides services for these assets as well. Similarly, not just in terms of trading instruments, LimeFx is also diverse in the account types it offers.
We estimated LimeFx commission on the Forex market as very low. Too long verification, regular technical failures, problems with the execution of transactions – and these are not all the disadvantages of working with this broker. Top10stockbroker.com & Indianfranchisereview.com are websites under Medmonx Enterprises Private Limited. We are certified stock broker review & comparison website working with multiple partners. However, LimeFx lacks traditional filters and tools since it caters more to traders who do higher-volume trading. Based on the user experience, the following rating and reviews are provided.
Analytics and market news
It offers market and limits orders on close and the time duration for days or extended hours. The demo account enables you to review the orders made and displays market performance and current portfolio as well. It provides market access instantly and allows operating and investing in assets, and control account status and withdrawal. Lastly, Sterling Trader Pro designed for Professional individual traders and Proprietary trading groups offers all the US equity and options exchanges, and more than 50 execution routes and venues. LimeFx deposits are free of charge, however, for withdrawals, there might be some commissions depending on the funding method the trader chooses. Withdrawal requests are processed within 1-5 days depending on issuing bank.
There are many benefits of trading with LimeFx brokerage company, however, one flaw is in the withdrawal procedure of this company. Even though the broker claims to provide instant withdrawal options to the customers, the customer’s reviews state otherwise. Many clients have disapproved of the withdrawal services of this broker. Like any other brokerage firm, LimeFx also provides helpful customer services to clients. Hence, LimeFx users get professional consulting services as well. In forex trading LimeFx claims to offer tight spreads from 0 pips just like any other reputable software.
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Hence, protecting the consumer leverage ratio is way smaller than Forex offered before. This browser-based platform has some powerful features which are similar to level II data. LimeFx 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.
MetaTrader 5 Global Account
This might lead to the potential generation of revenue through investment fund management. Transfer of funds through this account takes two to three dates (approximately). They require a holding period of five days before the availability of trading control is provided.
LimeFx Pro
Education and research at LimeFx are primarily offered
through a partnership with Trading Central. Trading
Central is a global fintech leader founded in 1999, whose aim is to help
investors make better trading decisions. It achieves this by fusing together
analyst research with automated analytics such as pattern recognition trading
software on a wide variety of markets and in multiple languages. Lightspeed Trader
is another platform favoured by professional traders who require highly
established market data with ultra-low latency and performance. Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer. He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels.
The fees and commission policies are not clearly defined on the website. However, it is mentioned in the trading commissions section that all trading transactions will have a 2.5% commission rate per trade. Comparatively, we can say that the commission charged by LimeFx is relatively low compared to other brokers.
And with its CySEC
regulation and inclusion in the Investor Compensation Fund, you can be pretty
sure that your funds are safe at LimeFx. LimeFx offers customer service on a 24/7 basis, better
than what you’ll find at most other brokers. Customer service can be contacted
via an online chat function, through email, or via telephone. LimeFx offers all the usual deposit and
withdrawal methods you’d expect, such as wire transfers, credit cards, PayPal,
and online web wallets like Skrill and Neteller. With the exception of wire
transfers, funding is immediate for other funding methods.
With customizable charts and real-time data streaming, it is browser-based. Although going with the name, it has fewer features, and it’s useful for someone trading from charts. ROX helps investors of larger sizes by having direct access to the exchanges in Mexico, Europe, the USA, and Canada. They come with better functionality and are easy to use and access. LimeFx has one of the lowest commission rates in the trading industry.
Only third-party charges are applicable when clients withdraw funds from this platform. Moreover, even in cryptocurrencies, the withdrawal amount is less than many other brokers which is 2% of the total withdrawal funds. As we already mentioned, ROX accounts types (it can also be called US Exchanges or Global Markets) and CQG accounts (aka Global Futures) are serviced by a special department limefx scammers inside the broker’s structure. They are less popular and the information about them is less extensive. During the second step, which is titled Economic Profile, you need to specify information about your employment, level of income, trading experience in the financial markets. You will be provided with a login to the demo account, which is a simplified version of the real personal account.