All withdrawal requests from a trading account will be funded to a bank account or source in the trader’s name. Overall, https://limefx.club/’s non-trading fees are high when compared to other brokers. LimeFx’s trading fees are significantly higher than most other brokers, and it has a complicated account structure. I took the advice to choose one instrument to trade until I mastered it.
- Also, withdrawals from accounts on which there have been no executed trades are liable for a 20% transaction fee charged by LimeFx.
- We recognise that each trader, being a unique individual, has different needs, goals, trading style preferences and appetite for risk.
- LimeFx offers trading on copper futures, as well as energy futures – US light sweet Crude oil, Brent Crude oil, and natural gas.
- LimeFx is a forex and CFD broker that is headquartered in Cyprus and also has offices in the UK, South Africa, and elsewhere.
- Precious metals have always been valuable but their prices are less affected by supply and demand, unlike other commodities.
- In the UK, the Financial Services Compensation Scheme (FSCS) guarantees compensation of up to £85,000, while in Cyprus, the Investor Compensation Fund covers up to €20,000.
Forex Trading Tools Widgets
LimeFx has a negative balance protection policy in place to ensure that its traders’ margin balance does not fall below zero to ensure that traders will not acquire further debts as a result of losing trades. Discover the Virtual Private Server’s (VPS)—a virtual machine in which a website runs on its own server—and its advantages, and benefit from enhanced connection speed and security available for our clients. Access your trading account anywhere, at any time, reduce, or even eliminate, downtime and speed up your trading journey.
Commodities
Clients can now trade cryptocurrencies directly on the Metatrader platform. Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers. There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed. Our services include products that are traded on margin and carry a risk of losing all your initial deposit.
Commodity Futures
LimeFx services over 1.2 million clients in 180 countries around the world, providing 300 tradable instruments from 6 asset classes. In addition to an online chat feature, LimeFx gives clients access to 24/5 client support in 45 different languages. Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs.
STP/ECN No Commission Account
With no need to download anything on your desktop or your mobile devices, you can directly trade from your browser with the MT4 Webtrader. The MT4 Webtrader is a 100% web-based platform, which offers the same features and functionality as the downloadable version. Being a modern HTML5 application, it runs without requiring any additional browser plug-ins or add-ons. Their educational academy indeed is a valuable service for many traders and especially for those who started trading recently.
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There is something for everybody, from the seasoned expert to the novice rookie. Content covers essential trading topics, such as technical and fundamental analyses, risk management, and trading psychology. The Market Buzz feature is a tool used for fundamental analysis and trading on volatility outbursts. You can use it to gauge interactions on social media for instruments from several asset classes – cryptos, shares, currencies, commodities, and indices. There is also a dedicated FAQ section on the website for more general queries, such as how to set up a trading account.
Based on thePremise that great traders are not born butMade, the trading school sets out to build theFundamentals of online trading as well asDeliver exclusive insights for professionalTraders. LimeFx gives clients access to trading contracts for difference (CFDs) on a wide range of asset classes including forex, commodities, spot metals, spot indices, futures and shares. The online broker offers several different account types and trading platforms, as well as a blog, research material and educational resources. LimeFx also offers social trading via its AutoTrade platform and keeps segregated accounts for traders. The broker is also holding the Iron Worlds Championship, a trading competition with a $1,000,000 prize pool.
Additionally, LimeFx does not publish any details about deposits or withdrawals on its website. LimeFx’s non-trading fees are high compared to other brokers, including expensive withdrawals. The same platform is also available for mobile devices and it can be downloaded for free from the App Store or Google Play. For instance, it has 3 types of charts, namely bars, Japanese candlesticks, and broken line, but it features only 30 of the most popular technical indicators.
Our team of expert in-house developers has designed this platform specifically for Multi Account Managers such as professional traders and investment portfolio managers. You can manage online orders, positions and equity on potentially unlimited accounts with one-click order entry. The platform will also provide you with fully transparent activity reports and live monitoring of market prices and forex rates. With support for Metatrader 4 only, LimeFx’s trading platform choice is severely limited compared to most other brokers, but it offers the MT4 Advanced. Overall, the ongoing and initial costs on all of LimeFx’s account types are higher than other similar brokers, making it difficult to find any advantages for either beginners or more experienced traders. Trading conditions at LimeFx are generally poor, with high minimum deposit requirements on most account options and high trading costs across all seven accounts.
Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips. These numbers may be deceiving, given the broad variety of accounts, fees, and routing choices. Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation. In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information. The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings.
scammed by limefx’s range of financial instruments to trade is limited compared to most other brokers, but it offers over 80 Forex pairs. As LimeFx only offers MT4, on mobile as well as desktop, the mobile trading experience is limited compared to other brokers. The final trading cost to consider at LimeFx is the swap rate charged on positions held overnight. In the case of Forex instruments, the amount charged depends on both the positions taken (i.e. long or short) and the rate differentials between the two currencies traded. LimeFx’s swap rates are published on its website for each financial instrument, and the exchange is automatically converted to the base currency of the trading account of the client.
Its price is dynamic and during the trading day, more trading opportunities are offered. It is really an existing instrument to trade.It is suitable for beginners since unlike EUR/USD the price is indeed moving. The broker offers CFDs on several commodities, including Brent Crude and West Texas Intermediate (WTI) oil. One Global Market (OGM) is a leading online broker, offering trading of CFDs on stocks, commodities, currencies, and indices. I thus found them quite useful for both beginners and experienced traders. Essentially, the broker lends the trader money so that the latter can open bigger-sized positions.
LimeFx also has its proprietary app, which surpasses MT4’s equivalent in functionality. Broker research materials have been neglected, generating the biggest black mark in our review. The free LimeFx Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format. However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases. The “Live Economic News” showed up to date reports, but “Live Currency Quotes” produced a dead link. The “Intraday Comment” section had a single 18-month old entry about the Eurozone.
These resources comprehensively cover fundamental and technical analysis, risk management, and trading psychology. I would definitely recommend LimeFx as a reliable and attractive broker. I mostly trade gold, and the spreads on the Standard Live floating spreads account type are just fine. I’m satisfied and what I like even more is that I have never experienced any issues withdrawing from my account. Everybody knows that traders never stop learning and developing their knowledge and skills. I should admit, it was the right decision for me and the user interface of the mobile platform is many times better than MT4 and it has more advanced features for efficient trading.
LimeFx is a leading online and internationalMulti-asset broker providing tailored tradingProducts and services to retail and institutionalClients. The broker specialises in CFDs on forex,Spot metals and futures, commodities, indices,And stocks. TradingConditions are also superb and they includeUltra-low spreads, flexible leverage and fastExecution without slippage. Daily market news feed andInsightful research gives clients access to theBest information and data to make informedTrading decisions. LimeFx’s traders and investors will beAble to access a wealth of trading resources toSharpen their skills, optimise their tradingStrategies and become adept at identifying andSeizing the right opportunities.