Among the services provided, news alerts , free VPS, dedicated account manager, webinars $videos, hedging, and swap discounts are a few of them. Silver account holders are not benefiting from some of them. Islamic accounts for clients of the Islamic faith as well as retail/professional trading conditions are currently provided, given compliance with the EU regulation. Lightspeed has more trading platforms than any other brokerage firm we know of.
The account can be funded with credit/debit cards, e wallets and wire transfers. The withdrawal is made back to the source of deposit for example if Credit/Debit Card was used depositing the Company will refund the client to the same Credit/Debit Card. Global.LimeFX is the topic for many debates among currency traders. As we are trying to make one of the objective Global.LimeFX reviews, here you will learn everything about this brand.
Its account types, fees, education, and customer support all show signs of a lack of attention and care. Unfortunately, this is where the positives end and they are outnumbered by negatives and red flags which confirm the initial skepticism. If this brokerage is run by individuals skilled in web-commerce and finance, these skills are not wholly obvious. Most services offered return a blank page and there is no excuse for that.
You can contact Trade Desk only in emergent situations and with emergency orders. Just like for the desktop trading platform, we tested the research tools on NinjaTrader 8. The bank withdrawals costs $30, and an international bank transfer costs $/€ 40. The commission, exchange, and order routing fees are the same as futures fees. We ranked NinjaTrader’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. Axi holds a comprehensive Client Money Insurance policy that provides retail clients with protection up to US$1,000,000.
- On the other hand, we also saw lots of positive reviews that praise Global.LimeFX’s website and software supports, legal materials, and trading terms and conditions.
- This may impact how, where and which companies / services we review and write about.
- To access it, first you have to log in to a client platform.
- These include OTCBB quotes, hot keys, Level II data, and options trading.
- Despite that Hoch Capital is CySEC regulated broker, FCA considers its trading practices and aggressive marketing promotion in the UK controversial to its MiFID obligations.
- We compare Axi’s fees with those of two similar brokers we selected, TMGM and Eightcap.
We use dedicated people and clever technology to safeguard our platform. Comparebrokers.co needs to review the security of your connection before proceeding. When it comes to education, LimeFX does a moderately better job than in other sections. The educational section consists of webinars, eBooks, a VOD section, courses, tutorials, and articles. A glossary is also available which lists the key trading terminology. All educational content enjoys its dedicated location on the website as LimeFX appears to have placed a more concentrated effort on education than research.
ZeroFree is able to function on tablets and phones and all operating systems. Charting comes with a few technical studies, multiple graph styles, and extended-hours price history. As on ZeroPro, Level II numbers are color-coded, and the platform’s trade ticket is integrated. One of the really nice features of ZeroPro is the ability to move windows around, add windows, and delete them. Multiple chart windows can be created with different timeframes.
She is the co-founder of PowerZone Trading, a company that has provided programming, consulting, and strategy development services to active traders and investors since 2004. There are still other software programs available to Lightspeed clients. These include Wex, a program designed for options trading; and efutures, which trades what it sounds like. On the plus side, we liked the low commissions.Its advanced platform is great for experienced traders, especially for futures traders. The educational material provided by Ninja is well structured and they have an active user forum as well.
With Global.LimeFX, things are far less suspicious and more straightforward. For one thing, the company that manages Global.LimeFX, Bayline Trading Limited, is registered in Belize and regulated by the country’s Internacional Financial Service Commission . The next important aspect of every broker review is the license. We always advise to our readers to look at the brokers’ licensing materials and judge their credibility from that. There is an abundance of scammers who claim to have an SVGFSA or any kind of suspicious license while in reality, their whole platform reeks of fraudulence.
For instance, traders who use the platinum account enjoy free VPS, free news alert, and a dedicated account manager. LimeFX has in the past been crowned by FXEMPIRE as the best educational broker 2016, therefore you can count on it as a reliable online broker. All deposits made to the trading platform are processed instantly but sometimes it may limefx scam take up to 24 hours for the funds to be reflected in your LimeFX account. After the confirmation, you have to wait for additional 5 to 7 business days for the funds to reflect in your bank account. However, you can expedite the withdrawal processing time by verifying your account in accordance with the company’s guidelines as soon as possible.
Is Axi regulated?
Let’s just hope this broker decides to do a better job in the future. Also, I have to mention that we cannot verify any of these online complaints, so take them with a pinch of salt. Probably the most important things to look for in a broker are regulation and good reputation; LimeFX is regulated but their reputation has some dents in it. Overall they are OK but I cannot see some outstanding trading conditions or special features that would make me recommend them wholeheartedly. After what I’ve been informed, SmartCapitalConsulting is set up by LimeFX.
The other two, however, are a measly 8 and 10 pages, which won’t bring much education to a trader. Clients will be able to watch webinars a few times a week which is a high amount of webinars, though it’s not clear who exactly will have access to these. There is no library to watch previous webinars, so assessing the value these will bring is difficult. With education, LimeFX puts in slightly more effort than the other sections. Within the educational section we can see eBooks, webinars, courses, articles, and tutorials.
- It provides access to multiple charting, a wide range of technical indicators, and the ability to build or use pre-existing Expert Advisors.
- One of the few brokers that you really enjoy working with.
- Futures are $1.29 per side, and options on futures are $1.79.
- It’s simply because these countries have much stricter financial regulations and not even many legit entities fulfill those requirements.
The NinjaTrader platform is geared toward active traders—not long-term investors. As a result, it doesn’t offer any portfolio analysis tools or reports that would help buy-and-hold investors make decisions about asset allocation or specific holdings. A great feature of the platform worth mentioning is the ability to place simulated trades, complete with an imaginary account and profit/loss summary.
Web trading platform
There’s also a mobile app available at LimeFX.com, compatible with Android. The company claims to have a version for iOS, but in reality for iOS is the MetaTrader 4 app. As we’ll see in the following sections, other details are misleading as well, a fact that does not build any confidence in the long run. It’s still hard to understand why the broker did not try to get licenses from other European regulators like the FCA or BaFIN.
In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading. We think the demo account is the best way to get familiar with the platform. You can also use a ‘Simulated trading’ feature, where all market prices and conditions are simulated.
TradeZero Broker Review
CFDs and cryptocurrency trading entails significant risks and there is a chance that potential clients lose all of their invested money. LimeFX continues to be an advocate of the MetaTrader 4 platform by MetaQuotes. The platform had long been the most popular trading software and continues to be trending around experienced traders. It provides access to multiple charting, a wide range of technical indicators, and the ability to build or use pre-existing Expert Advisors. Automation in the trading industry continues to advance, but it does not seem LimeFX managed to make any advancement when it comes to upgrading the platform. The range of results in these three studies exemplify the challenge of determining a definitive success rate for day traders.
The very first point of contact between the broker and its client is the website. The users go to the website in order to find out more about the broker’s offerings, its license, and all sorts of other stuff. Therefore, it is absolutely essential to have the website as polished and streamlined as possible. LimeFXs lists a minimum deposit of $250 to open an account.
- The latter has fewer features but costs $200 less per month.
- The larger the spread, the more your broker takes from your trades.
- TradeZero is worth a shot if you have less than $25,000 in assets but want to day trade inside a brokerage account with insurance.
- The additional help of market liquidity helps traders in executing correct trades while understanding the market activities.
On the day we did our research, we found resources on arbitrage strategies and trading copper futures. For futures trading Lightspeed offers Eze EMS. The platform is available in both Pro and Express formats. The latter has fewer features but costs $200 less per month. We recommend NinjaTrader’s services for professionals because trading with futures is not covered by investor protection schemes. If the balance on your account goes negative, you would be responsible for those losses. The Trade Desk is available at all times, when the futures market is open, while brokerage support teams are available during US market hours.
Sterling Trader Pro is available at Lightspeed, although there are no software fee rebates for active traders. While it is possible to trade options, there are no derivative scanners. Futures are $1.29 per https://limefx.vip/ side, and options on futures are $1.79. Moving to other instruments, things get a little more complicated. Day traders will find lots to enjoy about Lightspeed—and probably one thing they don’t like.
These include an options scanner, multi-account access, and a basket order-entry system. It’s called the portfolio margin account, and it has a minimum balance of $175,000. The broker-dealer also requires a minimum level of day trading experience for this account. The NinjaTrader desktop trading platform might be too complex for beginners, but for advanced users, this is where NinjaTrader really shines.
Compared to some of its rivals, it is fair to say that LimeFX has competitive prices. The good thing about the fixed spreads is that during volatile news the spreads are static and don’t widen. The Hoch Capital Limited is the owner of the ITRDAER trading name.
The broker does mention swap rates, which implies that both positive and negative swap rates are transferred onto traders. However, due to my inexperience, I unfortunately quickly found myself in difficulty and scammed by limefx decided to end trading. While the majority of retail traders use the MT4 as is, limitations of it are evident to advanced users. This is another example of a broker making big claims and failing to deliver.
We recommend staying within the range of good taste and respectful language to avoid any unpleasantness. I have learned the different aspects of this market easily. I just lost USD 8,000.00 by the means you and MR. Alexander G. Muir well described.