The two are different, and represent the different features mentioned above. Lime Fx is best for the self-directed short term trader for whom $4.99 commissions from a big-five broker is too expensive. It is best if you have your own research sources that you pull from, as Lime Fx’s offerings are almost nonexistent. Additionally, this trader should be good at troubleshooting platform issues, as the customer service is not as reliable as a larger broker either.

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The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange.

The views expressed here are based solely on the writer’s opinion, research, and personal experience, and should not be taken as factual information. The author is not a financial advisor and lacks relevant certifications in that regard. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place.

Our review is nonetheless alive to the fact that its platform doesn’t have an integrated mutual funds screener. Lime Fx fails in a few areas, not least of which is customer service. Nevertheless, frequent traders who won’t need much assistance can benefit from the broker’s generous stock, options, and futures commission plans.

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ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. This copy trading tool allows traders to choose an investment manager to manage their funds and make investments on their behalf. There is also the CQG platform with four different solutions that can be used to trade futures and options. The huge range of 35,000+ instruments is a key benefit of opening an account. Our tests show that only a select few brokers, such as Saxo Bank, can rival Lime Fx when it comes to the number of trading products.

Account Types and Opening Procedure

However, on Forex and CFD Standard account types, there scammed by limefx are only 48 FX pairs. Trading fees on commission-free accounts start from 0.5 pips, which is lower than what most competitors are offering. The broker provides access to trading major, minor, and exotic currency pairs. Lime Fx 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).

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The broker’s trading fees are competitive, making it appealing to both novice and experienced traders. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor. The research notes are quite useful for forex trading, but there are no videos, webinars or guides to support beginners.

We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Lime Fx offer professional customer support 24/7 limefx courses scam via online chat, telephone and email. It was great to see that support is available on weekends as this is not something that all brokers offer and helps them to stand out from the competition.

• Yes, we work hard every day to teach day trading, swing trading, options futures, scalping, and all that fun trading stuff.
• This is great news for advanced and experienced traders, who want to make sure they have the ability to change their portfolio whenever they want to.
• MetaTrader 5 is offeredwith Lime Fx’s MT5 Global account and can be used as a desktop, mobile, orweb app.
• This account is for those who already have exchange trading experience and want to get the highest execution speed.
• The company is also a member of the Investor Compensation Fund (ICF), which provides compensation to eligible clients if the firm is unable to meet its obligations.

Execution’s quick and the demo-to-live account transition is painless. I’ve tested a few different brokers over the years, and for the price, Lime Fx is legit. In essence, Lime Fx has a deposit and withdrawal structure prioritizing efficiency with no hidden costs. Such policies solidify Lime Fx’s reputation in the financial trading space.

The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders. Details regarding futures trading fees are subject to verification, and potential traders should consult Lime Fx’s official platform for accurate, real-time information. Forex trading fees work using spreads to eliminate additional commissions or fees. They also ensure traders get a straightforward trading environment.

• However, like any broker, it’s important to carefully review the latest fee schedule to ensure that the pricing aligns with your trading frequency and instrument preferences.
• The broker has been providing online brokerage services since 2006 and are trusted by 155,000+ clients from 130 countries.
• The purpose of the ICF is to secure the claims of covered clients against ICF members through the payment of compensation if the necessary preconditions are fulfilled.
• Also, we provide you with free options courses that teach you how to implement our trades as well.
• Unlike, the traditional “discount” brokerage firms like TD Ameritrade and Scottrade, Lime Fx has very little infrastructure, opting for a more lean business to justify their low fees.
• Investors on Lime Fx can put money into investment funds that are managed by other users.
• This broker is a US deep discount brokerage owned by WhoTrades, Inc., a Russian-owned company in 2015.

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Unlike some other brokers — Interactive Brokers, for instance — they actually pocket that money instead of passing the savings along to the trader. Now, if you don’t know about it, you won’t miss it, but it is an important distinction to be made when it comes to Lime Fx. In order to facilitate these unlimited trades, Lime Fx also offers some fairly workable research tools to go with their existing platform. Members get free research reports and real-time data, also the platform claims of having software in place that does trade analytics. This website and its content are not intended to provide professional or financial advice.

This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets. Lime Fx 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. Trading hours with Lime Fx depend on the market in question. Forex hours are generally Sunday evening until Friday evening, whereas stock markets are often only open during the day, Monday-Friday.