Demo trading does not grant exposure to the full range of trading psychology and can create unrealistic expectations. However, the latter may exist on the Sterling Trader platform, where LimeFX claims to grant access to all US equity and options exchanges. I prefer more clarity concerning available assets, as LimeFX does not list sectors besides Forex, metals, stocks, options, futures, bonds, and CFDs. Many of the available trading platforms like MT4 and MT5 have a web platform, which runs through a browser and does not require any downloads. That being said, there are sometimes desktop versions available for which a download would be required. For example, MT5 is protected using data encryption, server authentication and more.
- Be aware, the company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
- This is firmly toward the low end of the forex brokers we review.
- Option traders pay $2.50 in commissions, and futures cost between $0.50 and $1.50.
- Accepted funding methods depend on the account type you pick but they include bank wire transfer, credit/debit card, Neteller, Skrill, PayPal, Klarna, FasaPay and other digital wallets.
- During the registration, you will be required to provide additional information and provide proof of residency along with proof of your identity for verification.
- Embark on a journey to invest in a company’s first steps into the public market.
How To Make A Deposit
With this variety of currency pairs, including majors, minors and exotics, traders won’t be short of opportunities. Meanwhile, the MT5 Global account offers 0.0 pip spreads with an even lower commission of up to $2. This is firmly toward the low end of the forex brokers we review.
Stock CFD trading on LimeFX
You can use utility bills or bank statements as proof of residency and a government-issued ID card, passport, or driving license as proof of identity. In essence, LimeFX has limefx scam a deposit and withdrawal structure prioritizing efficiency with no hidden costs. Such policies solidify LimeFX’s reputation in the financial trading space.
Inactivity Fee
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 LimeFX when it comes to the number of trading products. For instant funding, I recommend card payments, which I find easy to set up, while bank wire transfers can take up to 5 days. During the registration, you will be required to provide additional information and provide proof of residency along with proof of your identity for verification.
The choice of payment processors is good, but I still need cryptocurrency deposits and withdrawals. While the 30,000+ asset selection looks good on paper, it focuses on equities and CFDs listed on 36 exchanges, making LimeFX an excellent choice for equity traders. Other sectors need to be included or underrepresented besides the 25 commodity CFDs and futures. LimeFX is a competitive broker that is regulated by a reputable body and limefx review offers an impressive range of assets that includes cryptos, options, CFDs and equities. The broker’s fee structure definitely favours high-volume traders but there is a clear focus on professional-grade tools and functionalities that are still accessible to all clients. Moreover, there are several strong additional features and a free demo account, which makes the firm more accessible for less experienced traders.
The broker’s trading fees are competitive, making it appealing to both novice and experienced traders. LimeFX offers 24/7 customer support, but an FAQ section needs to be included. A direct line to the trading desk exists, but I am missing one from the finance department, where most issues can arise. LimeFX explains its products and services well, and I doubt traders will require assistance. The bulk are equity stocks and CFDs listed on 36 global exchanges, which is an excellent selection.
Yet it doesn’t offer the same user-friendly interface, or have as good a reputation as alternatives like eToro. Other fees to be aware of are the swap fees that are charged on positions held overnight. Traders should also keep in mind that triple rate swap fees are charged on a Wednesday. Indices follow the performance of baskets of stocks and are perfect indicators of the health of certain industries or economies. For instance, the FRA40 follows the performance of the top French company shares. For this reason, the indicator is used to assess the French economy.
