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The offering is well-balanced and suitable for the execution of multiple trading strategies. 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. However, the broker’s spreads on currency pairs are quite elevated. limefx website 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.
Live and Cent Accounts
Even though I am not a seasoned trader I have an interesting strategy based on combinations of MACD and RSI. I think of becoming a strategy provider.Finally, it’s of utmost importance for me to trade with narrow spreads and this platform ensures them from ~1 pip in general. 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.
Does the broker support MT4 and
- Traders can go for spot equity indices like NETH25Cash, UK100Cash, UK250Cash, JPY225Cash, and SWE30Cash.
- LimeFx is an online trading broker where you can buy and sell various financial instruments including forex, stocks, indices and commodities.
- For traders who prioritize tight spreads and prefer not to pay commissions, LimeFx’s model aligns with their needs.
Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. In our reviews, we examine the licenses and regulations of each entity operated by a broker. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. In addition, like any other broker, LimeFxlevies swap fees if the positions remain open overnight.
Deposit and Withdrawal
I am glad I stuck with this broker, I wanted to change a while ago but it’s proved to be worth the wait. Traders can use the demo account for as long as they prefer as there is no limit on the time it will be valid for. When clients of LimeFx are ready to switch to a live account, they should get ready to undergo a verification of their identity. The availability of some of these banking methods depends on the location of traders, so the list of options they will get to see when they access their accounts might differ.
There are also thousands of free and paid add-ons that you can install to further enhance the already substantial capabilities of this leading platform. Whatever your idea for a trading strategy, you can bring it to life by creating customised trading templates for all of your charts. There are technical analysis tools https://limefx.group/ and drawing objects to mark key price levels, identify trends and find price reversal points. It is good to see that LimeFx treat all clients the same, regardless of your investment size or prior trading experience. Simply choose the account that is best suited to your skill, knowledge, experience and trading goals.
What trading instruments does LimeFx offer?
You can choose between Standard, Privilege, Premium, and Cent accounts that all give traders access to CFDS on futures, shares, metals, indices, Forex, and commodities. While considering which account best suits their requirements, traders should think about their initial investment, their risk tolerance, as well as the time they have to trade. To better cater to the needs of all its clients, the brokerage firm offers assistance via email, contact form, or live chat. We provide a range of account types to suit your trading requirements. Start trading and access more than 300 underlying instruments from 6 asset classes with some of the most competitive conditions. Enjoy trading and fast execution through the industry-leading MT4 trading platform.
For that period that I have been trading here I can specify several strong advantages of working with the LimeFx broker. Firstly, it’s a reliable solution for everybody, just check some reviews and legal documents provided by the company, you won’t even question company’s robustness. Secondly, there is a possibility to copy trading which is the most attractive feature in my opinion.
Investors can have confidence that their funds are protected and that the broker is subject to oversight to prevent malpractice. LimeFx offers a fairly decent range of educational content, providing beginners with a firm basis to further their learning. Multiple written and video materials cover essential topics related to technical and fundamental analyses, as well as the psychology of trading. The broker operates on a Straight-Through-Processing (STP) basis without a dealing desk.
There is also the added benefit of getting assistance around the clock. LimeFx allows its customers to set up demo accounts and test their strategies and improve their skills using virtual cash. While creating their demo accounts, traders are allowed to decide between a great number of deposit amounts that start from $500 and can run into $5,000,000 at the most. While setting up their demo account, traders will only be allowed to go for an account with a floating spread.
Traders can also download the apps from the App Store or Google Play for free. With our Standard, Premium, Privilege and Cent accounts you can access CFDs on forex, metals, indices, commodities, futures and shares. The type of account that is right for you also depends on your risk tolerance, your initial investment size and the available time you have to trade on a daily basis. The LimeFx live accounts can be separated into fixed and floating spreads. If you are using a strategy that depends on consistent spreads, then the fixed spread account might be ideal. If you are looking for the lowest spreads possible, then you might want to consider the floating spreads account.
Tradeco limited is authorised and regulated by the Seychelles Financial Services Authority with licence number SD029. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Due to regulatory restrictions, LimeFx does not accept customers from several jurisdictions, including North Korea, Sudan, Cuba, Syria, the US, and Iran. Additionally, the broker does not target residents of EU countries where it is not licensed. Follow all steps to close your positions and withdraw any outstanding balance.
The difference between the price of the underlying asset from when you open and close the position is the profit or loss, minus the broker spread. CFD’s are flexible and can be traded with leverage to further enhance possibilities in the markets. I want to write not just about broker, but about trading platform available with it. I believe that trading platform is a part of broker’s trading conditions. Therefore, it has great importance and influence on trading.So, trading platform.
With its commitment to delivering state-of-the-art trading software and a seamless CFD-based trading experience, LimeFx caters to the needs of both beginners and seasoned professionals. Clients of the brokerage firm can make use of MetaTrader 4, which is the most widely used platform on a global scale. LimeFx is a multi-asset broker that is gaining prominence for its fast execution and low spreads. To give its clients the most out of their trading experience and cater to all levels of experience, the broker offers them a choice from several account types, including Cent, Standard, Premium, and Privilege. LimeFx provides a range of account types to ensure that finding a type that suits their requirements and trading needs will be a breeze.
The most obvious difference, however, is that dollars are denominated in cents. Thus, if we suppose that traders add $100 to their accounts, this amount will be converted into 10,000 cents. As you might expect, USC is the only currency you will be allowed to use if you settle on this account type. LimeFx allows its clients to use a number of time-efficient and convenient deposit methods like Visa, Mastercard, and Maestro-branded debit and credit cards, Neteller, Skrill, and Paysafecard. Other payment methods traders can use to transfer money to their accounts are Sofort Banking, Rapid Transfer, bank transfers, Apple Pay, Perfect Money, open banking, and cryptocurrencies. Clients of LimeFxr can access their MT4 trading account straight from the browser of any device, be it handheld or desktop, without downloading any software before that.
Users of the brokerage firm can also execute their trades while they are out and about, as LimeFx’s mobile apps make it exceptionally easy to keep tabs on the market anytime and anywhere. Choose from 9 chart timeframes and multiple order types including instant execution, pending orders, limit orders and one-click trading. One of the main advantages of the LimeFx MT4 platform is its ease of use. You can seamlessly switch between the desktop, web and mobile MT4 app. This means you can analyse the markets and manage your positions from anywhere, at any time.