Traders can choose the platform that aligns best with their specific trading needs and devices. LimeFx, established in 2018, is a well-regarded online trading platform, regulated and authorized by the Seychelles Financial Services Authority. LimeFx boasts a diverse array of strengths, including a robust offering of over 300 instruments across six asset classes, granting traders unparalleled flexibility. Moreover, the platform also offers advancedcharting tools that allow traders to easily perform technical analysis. Traderscan also modify their trading strategies according to market conditions inreal-time.
Can US residents open accounts at
I consider the Standard account as the most accessible option due to its minimum deposit requirement of $100 (when there are no accompanying bonuses). However, the combination of commission-free trading and floating spreads from 1.8 pips exceeds the industry average. The Privilege account, as the name suggests, features the most favorable trading conditions, but the minimum deposit requirement is quite elevated. 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.
Is LimeFx a market maker?
You can choose between the Standard, Premium, Privilege and Cent accounts. The account type which you opt for depends on your risk tolerance, your initial investment size and the available time you have to trade on a daily basis. With LimeFx, you can always improve your trading knowledge with unique educational resources, including webinars, podcasts and trading videos.
Commodities
When you buy a CFD contract, you speculate on the price movement of the underlying asset. For example, if you buy a CFD on gold, you speculate on the price movement of gold, without owning any actual gold. Traders who are looking for portfolio diversification should consider trading shares as thus, they will not only be able to invest in the shares of global companies but can also find new and upcoming brands. LimeFx does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea.
This is because fixedspreads help traders reduce trading costs significantly. The broker also offers various financialinstruments, including Forex, Metals, Futures, Commodities, Shares, andIndices. Most of these instruments have tight spreads, which makes trading withLimeFx a cost-effective option.
LimeFx’s Execution Model
For the most part, commodities markets are open around the clock, so traders can take positions on them 24/5. Compared to other brokers reviewed, LimeFx holds a strong position, particularly due to its commitment to regulatory compliance, transparency, and security. The platform’s multilingual support and diverse deposit and withdrawal options further contribute to its appeal. However, it’s essential to note the regulatory limitations that may restrict access for certain traders based on their location.
LimeFx is an online trading broker where you can buy and sell various financial instruments including forex, stocks, indices and commodities. They can cater for both beginner and professional traders alike, with very good trading conditions including tight spreads, low commission fees and reliable trade execution speeds. The broker has account types to cater for all types of trading strategies with a minimum deposit of just $100 and a quick account opening process. Alternatively, you can open a free demo account to see what the broker has to offer and to brush up on your trading skills before making a commitment.
It is easy to see why traders choose to enter this popular market, as futures are used for speculation or hedging on indices, commodities, or energy futures. Indices are used to measure the price performance of a group of shares from an exchange and enable traders to get exposure to an entire sector or economy without opening several positions at once. This is to say that traders will benefit from high volatility and low margin in a more efficient way.
You can take advantage of very favourable trading conditions, including a good variety of accounts and flexible spreads across a range of assets. Based in the Seychelles, LimeFx strive to provide traders with all of the trading products and services they require to make informed decisions and reach their trading goals. You can trade the financial markets with convenience on user-friendly platforms across all of your devices using a broker that operates with transparency. It seems to be an optimal platform for earning yield and honing skills. It was a surprise to see commissions on futures, but then I was like “damn, yeah, these are futures, it’s okay for them”.
The only time the broker may charge a $55 handling fee is for withdrawals below $300. LimeFx works with multiple payment services to provide its clients with maximum flexibility. Deposits can be made via bank wire, credit or debit card, e-wallets, or crypto wallets. The broker does not charge deposits and withdrawal fees, https://limefx.name/ except for withdrawals below $300. LimeFx does not charge a handling fee for deposits and withdrawals, though third-party banking fees may apply. The broker has also issued a 3% inactivity fee that is charged whenever a client has deposited funds and then requested a withdrawal without having executed a single trade.
- As for withdrawals, clients of the brokerage firm can make use of most of the payment processors we just mentioned.
- While leverage enables you to potentially earn bigger profits, it can also incur bigger losses.
- This makes trading much more accessible and convenient for everyone.
- The broker operates on a Straight-Through-Processing (STP) basis without a dealing desk.
For traders, LimeFx also provides a negativebalance protection policy, ensuring that their margin balance does not go belowzero. This protection ensures that traders do not incur extra debts whilelosing trades. Regarding safety and security, LimeFx isregulated by the Seychelles Financial Services Authority (FSA). In addition,client limefx scam funds are kept in segregated accounts in top-tier banks, and their personal information is guarded under SSLencryption. Note• All spreads are indicative, to view real time values clients should refer to their client terminal.• Live Fixed Spreads during Midnight session (11pm-2am, GMT+2) will be changed to Live Floating spreads.
WebTrader offers the same functionality as the downloadable version, meaning that traders will not lose out on any of the features that are accessible through MetaTrader 4. The brokerage firm allows its clients to trade on stocks with zero commission and from as low as 0.1 shares. Customers can trade shares in either direction, long and short, meaning that they will be allowed to speculate on price falls and rises. Futures are also known as futures contracts and are a great option for professional and beginner investors because they are traded with no requotes and in next to no time.
It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection. However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place. These indicators provide traders with insightsinto the markets and help them identify profitable trading opportunities. Withthe help of these indicators, traders can make informed decisions when trading.
