As a trader, you can trade CFDs for any financial asset, as you do not need to own the underlying asset. With CFD trading you are trading the price changes of the underlying asset and it is a more popular way for online traders to partake in the financial markets. With LimeFx, traders can access CFDs on a range of markets including currencies, metals, commodities, indices, shares, and futures. LimeFx offers advanced trading tools, comprehensive educational resources and up-to-date market insights to make you a more strategic trader. Traders looking to expand their forex education can access many different learning resources like blogs, webinars, podcasts and videos-on-demand. Traders may also benefit from flexible leverage, low spreads, high-quality 24/5 multilingual customer support, and security of funds.
What platforms does LimeFx offer?
- These products may not be suitable for everyone and you should ensure that you understand the risks involved.
- I consider the Standard account as the most accessible option due to its minimum deposit requirement of $100 (when there are no accompanying bonuses).
- As a chart artist, I have always preferred trading platforms with charts that allow me to scale price action up and down easily.
- Trade over 300 financial instruments in Forex CFDs, metals, futures, shares, indices and commodities from your desktop with MetaTrader 4.
- The platform combines perfectly with any of our trading accounts to provide the essential tools you need to analyse the market and enhance your trading strategy.
For example, if you deposit $100, this will be converted and added to the Cent account as 10,000 cents. Trading on the Cent account is a great way to start trading if you are a beginner. LimeFx provides different accounts with different spreads and conditions so you can choose the best one based on your needs and trading goals. The platform combines perfectly with any of our trading accounts to provide the essential tools you need to analyse the market and enhance your trading strategy.
Metals Trading
I found out that the live spreads listed on the website correlate to the actual price quotes on the platform, underpinning LimeFx’s high level of fee transparency. I also discovered that the broker has a ‘best execution policy’, guaranteeing that traders’ orders will be filled under the most favorable price quotes under the prevailing market sentiment. The platform is essential to both online forex traders limefx review and brokers around the globe. LimeFx is not targeted to residents of the EU where it is not licensed. LimeFx does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. You can choose from our wide selection of currencies, metals, indices, commodities, shares and futures and start trading with competitive conditions and dedicated support.
Which is the best account type?
Tradeco limited is authorised and regulated by the Seychelles Financial Services Authority with licence number SD029. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.
Commodities Trading
With LimeFx, you can access competitive spreads with both our Live Floating and Live Fixed accounts. Fixed spreads allow you to trade with predetermined and steady spreads without worrying about sudden changes. With floating spreads, you can access more competitive spreads, but these are flexible and could fluctuate according to market conditions. With our Standard, Premium, Privilege and Cent accounts you can access CFDs on forex, metals, indices, commodities, futures and shares.
Its content is diverse and provides a basic explanation of current market trends and developments. However, the broker does not incorporate any third-party content, which is essential for affording its clients an additional perspective. The broker operates on a Straight-Through-Processing https://limefx.group/ (STP) basis without a dealing desk. Order requests are transmitted to the interbank level, where LimeFx’s liquidity providers fill them. As long as there is enough liquidity in the market, all order requests will be filled at varying speeds.
An agent connected almost instantaneously to the chat, but they did not introduce themselves. They responded fairly quickly to my question about the inactivity fee policy but struggled to explain their execution model. The competitiveness of LimeFx’s fees depends on the asset classes traded. For instance, I found the combination of commission-free trading and generally low spreads on share CFDs extremely favorable. LimeFx offers commission-free trading and above-average floating spreads. The broker does not charge deposits and withdrawals but has issued an inactivity fee.
In my estimation, LimeFx’s most useful type of educational content is its webinars. They are held frequently in several languages – English, Chinese, Arabic, and Malay. The webinars are geared towards beginners, intermediate-level, and advanced traders. At the time of my review, there were 5 upcoming webinars, all in Arabic.
This includes shares, indices, forex, futures, metals and commodities. Traders can also choose from multiple account types that best suit their trading objectives, level of expertise, risk tolerance and trading acumen. LimeFx is an international broker that has become popular with global traders. The LimeFx MetaTrader 4 platform gives traders access to more than 300 tradable instruments across 6 asset classes, including shares, indices, forex, futures, metals and commodities. Traders can choose from multiple account types that best suit their trading requirements, skills and knowledge. We provide a range of account types to suit your trading requirements.
It illustrates the spreads and commissions I have recorded on the EUR/USD pair for each account type. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10. I performed my tests on a Standard LimeFx trading account using the desktop and mobile app versions of the MetaTrader 4 platform. Some features and services may vary depending on where you reside and which entity you open an account with.
The difference between the bid and ask prices is called “the spread.” The spread is the cost of trading a CFD. Traders look for small spreads, since a smaller spread usually means the specific asset is more liquid. On the other hand, assets with a “wide” bid-ask spread can be more costly and time-consuming.
Our accounts have zero commissions and instant execution.Trading lots start from 0.01 for all account types. With instant access to 300+ instruments across multiple asset classes, quality execution, advanced online trading tools, and trading systems, we provide everything to meet your trading needs. LimeFx offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment.
The market is volatile and ever-changing, and staying on top of the latest developments is made easy with the mobile app version of MT4. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. It also supports automated trading via its Expert Advisors (EAs) feature. Meanwhile, the mobile app version of the platform supports trading on the go. My tests indicate that LimeFx’s trading fees exceed the industry average. Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000.
Trade 300+ financial instruments on 6 asset classes including forex, metals, indices, shares, commodities and futures with competitive spreads. Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. If you’ve just started trading in the forex markets, you’ll need to choose an account type that is best suited to your skill, knowledge and experience.
The easiest way to get in touch with LimeFx is live chat, which is available from the bottom-right corner of the main page. The website also has a dedicated FAQ section intended to help with more general queries about the broker’s services. MT4’s app suffers from the same underlying problem inherent to other mobile apps.