LimeFx, a forex and CFD broker, serves over 1.5 million clients worldwide, providing access to more than 500 tradable instruments from various asset classes. With respect to customer service, the broker provides decent contact options and support in 45 languages, which could be a plus. The trading competition might also be an incentive to open an account, and the broker’s https://limefx.vip/ support for the popular MT4 platforms seems to be the best feature of this broker. Digital wallets or e-wallets are fast, secure, and convenient methods to send and receive electronic payments. LimeFx accepts several different e-wallets such as the widely popular Neteller and Skrill, as well as FasaPay, a Malaysian e-wallet that is accepted by various FX brokers.
Experience a highly competitive CFD trading environment
Notesco Limited is registered in Bermuda with registration number and registered address of Nineteen, Second Floor #19 Queen Street, Hamilton HM 11, Bermuda. The group also includes CIFOI Limited with registered office at 28 Irish Town, GX11 1AA, Gibraltar. Success in online trading and investing depends on proper planning based on solid information and useful market insight. Try our exclusive STP Zero Spread account and enjoy spreads as low as 0 pips.
Customer Support Test
Earlier in 2018, LimeFx announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. I checked the usability of LimeFx’s seven retail account types and found them quite diverse, with hugely varying pricing mechanisms. Each account type supports swap-free trading via LimeFx’s Islamic accounts. Compared to the broader industry, LimeFx offers an above-average number of FX pairs, commodities, and indices.
LimeFx’s Trading Fees
There are no internal deposit or withdrawal fees, except for traders who request a withdrawal without placing a trade, which carries a 3% fee. Traders must ensure they execute risk management to avoid magnified losses. LimeFx limefx official site offers negative balance protection, meaning traders can never lose more than their deposits. Proprietary to LimeFx, the Market Insights section comprises lengthy and comprehensive takes on current trading opportunities.
Traders have eight account options at LimeFx, where the minimum deposit is $0 for most. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-free Absolute Zero account. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. In my experience, market execution is better suited for day trading and position trading strategies where volume is important.
They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types. They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules. Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords (OTP). 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.
- For example, a long position on gold would generate a profit as the price rises or incur a loss as it falls.
- Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital.
- 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.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade.
- The same platform is also available for mobile devices and it can be downloaded for free from the App Store or Google Play.
We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making.
Trade forex through our bespoke MT4 platform from any device or via Webtrader directly from your internet browser. For a wider range of asset classes, you might want to look for a different online broker. LimeFx lets clients trade multiple markets on an Electronic Communications Network (ECN) and also offers an AutoTrade copy trading platform for social traders. An extensive website section is devoted to trader education, which makes LimeFx suitable for beginners.
The products listed above represent only a partial list of the more than 300 CFDs, futures and other assets that you can trade at LimeFx. Go to ‘Bonus’ under ‘Trading Requests’, choose your trading account and submit your request. Founded in 2013, Trading Pedia aims at providing its readers accurate and actual financial news coverage. Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators. Broker research materials have been neglected, generating the biggest black mark in our review.
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. Beginners will find value in its variety of account types and in-depth educational content, while professionals can leverage its fast execution speeds and a broad array of trading instruments. The broker’s well-rounded selection of lower-risk securities alongside higher-risk/high-yield assets makes it a fitting choice for diverse trading strategies, including hedging and scalping.
Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. 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. Trading on spot metals is similar to Forex trading – traders can speculate on the prices of precious metals, taking short or long positions. With metals such as gold and silver, traders can hedge against risk and make their investment portfolio more diverse and well-balanced.
LimeFx processes payments in several different currencies and deposits in any other currency would be converted into the base currency of the client account. Accounts can be registered in USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, and HUF. The broker does not charge any fees for deposits and withdrawals and the minimum deposit than can be made is $250, although that varies, depending on the type of trading account one opens. We recognise that each trader, being a unique individual, has different needs, goals, trading style preferences and appetite for risk. Therefore, to cater to the needs of almost any type of trader, we offer exclusive account types. Get the most out of our 6 different account types, 3 Live and 3 STP/ECN with the lowest spreads and flexible leverage.