Use our extensive database of online trading guides to help you find the right online brokerage for your personal investing. Vanguard is known for its low-cost funds, and the investment platform is really built for those looking to invest solely in mutual funds and ETFs. LimeFX has a wide range of markets to invest in, including various securities and derivatives. Traders placing a high volume of positions will also find the fees very reasonable. LimeFX 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.
During the registration, you will be required to provide additional information and provide proof of residency along with proof of your identity for verification. You can use utility bills or bank statements as proof of residency and a government-issued ID card, passport, or driving license as limefx scammers proof of identity. We are opposed to charging ridiculous amounts to access experience and quality information. LimeFX is a regulated broker in the EU by the (CySEC) Cyprus Securities and Exchange Commission. Additionally, LimeFX is an accredited member of the Better Business Bureau with an A+ rating.
What did our traders think after reviewing the key criteria?
While it is disappointing to see the company isn’t regulated by the FCA, the CySEC is still a trusted financial agency and its license is a promising sign that LimeFX is legit. This broker was established in 2007 and now operates in 130 countries with over 155,000 clients. Its registered address is in Limassol, Cyprus but with offices around the world in Europe and Asia, this is a global broker.
Versatility and Inclusivity in Account Offerings
- Derivatives on the per-trade plan cost 50¢ each plus the $2.50 base.
- Overall, the OptionsHouse platform is well-designed and the main menus and categories are easy to navigate.
- On the other hand, there’s a 2 USD commission per traded lot per side.
- The broker is ideal for traders seeking an uncomplicated, user-friendly platform for seamless trade execution.
Trading hours with LimeFX 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. Crypto, on the other hand, is active 24/7 due to its decentralised nature. Lime Trading (CY) Ltd – the owner of LimeFX – is regulated by CySEC and subject to oversight from the European Securities and Markets Authority (ESMA). 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.
Trader platforms
For traders that wish to only trade CFDs and FOREX pairs, there’s a dedicated account. Stock traders will also find a suitable account, but let’s dive deeper and uncover more details. We strive to maintain the highest levels of editorial integrity by rigorous research and independent analysis. Our goal is to make it easy for you to compare financial products by having access to relevant and accurate information.
LimeFX Stocks review
Options traders too will be pleased by a comprehensive tool suite, top notch virtual trading platform, paperTRADE, and options educational resources. OptionsHouse trading platform serves a broad range of customers from frequent traders to buy-and-hold investors. OptionsHouse set out to provide amateur retail traders with access to similar functionality and tools that are available to the professionals.
LimeFX offers a range of trading platforms to support the needs of investors with varying abilities and trading volumes. Our experts tested and reviewed each trading platform in more detail limefx review below. Renowned for its low fees and competitive commissions, this is a trading platform that should be attractive to those who are conscious of costs and high volume traders. LimeFX offers traders a robust customer support infrastructure.
