Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. Compared to the broader industry, LimeFx offers an above-average number of FX pairs, commodities, and indices. These afford traders access to multiple markets with varying degrees of underlying volatility. In general, LimeFx’s offering is slightly more competitive than the industry average. Traders can choose between commission-free, swap-free accounts and accounts with low floating spreads.
Tradable Instruments
Client security is an important component of the group’s concept, with client funds stored in segregated accounts, in compliance with tight regulations. Each client account is assigned a unique code that guarantees that funds are only utilised for trading and not the operational costs of the broker. The LimeFx team has created a list of instructional and enlightening films for both new and experienced traders. LimeFx strives to deliver quality educational videos to all traders in order to help them improve and succeed in their individual trading goals. The LimeFx Economic Calendar covers financial events and economic data to keep global investors informed and help them make sound trading decisions.
Trade 6000 Cipro (7.
Trading costs on all account options at LimeFx are significantly higher than this average – at between 11 and 22 USD per lot traded. While LimeFx claims to support ten trading platforms, it does rather lack the variety in trading software that other online brokers typically provide and that would result in a better review. All platforms come without charge, however, broker provides educational material on how to get them running. LimeFx’s support for the Sirix Social WebTrader platform lets you access financial markets and recent trades. You can also access a network of other traders so you can review their past performance and copy their trades in your own account if you wish. The Sirix Social WebTrader software comes in a web version for desktops, as well as mobile apps for smartphones and tablets.
Trade 4.1 iPlex (V
LimeFx is the trade name of Notesco Limited, a company registered in Bermuda and headquartered in Cyprus. The broker is regulated in multiple jurisdictions, including Cyprus where it has a license from CySEC. For clients based in the United Kingdom, it is regulated by the Financial Conduct Authority (FCA), which is among the most respected financial regulators in the world. The FCA has issued a license to 8Safe UK Limited, which operates LimeFx in the country. You do not need your computer always running if you choose to run your automated trading strategies with a virtual private service (VPS) since your orders can be executed remotely.
Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. The LimeFx group has 10+ years of experience more than 1,5M clients worldwide and offers negative balance protection. To sum it all up, LimeFx is a well-calibrated broker with a balanced offering suitable for both beginners and experienced traders. There is also a dedicated FAQ section on the website for more general queries, such as how to set up a trading account. The agents are generally knowledgeable though they seem to struggle when communicating more complex information in English.
- It is geared towards beginners and intermediates, promising easy-to-use features and straightforward portfolio management.
- Traders can also choose between nine live flexible accounts, including a low-deposit Cent Account that appeals to beginners who prefer to make smaller trades measured in micro-lots.
- Each one of these is graded, and an overall score is calculated and assigned to the broker.
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LimeFx vs. Tickmill
This review will fully report LimeFx’s offering, including exclusive deposit bonuses, demo accounts and fast deposit and withdrawal methods. In terms of asset selection, the platform offers a wide variety of tradable instruments, including forex, stocks, commodities, cryptocurrencies, and indices. This allows traders to diversify their portfolios and take advantage of different market opportunities. The platform also provides access to advanced trading tools, such as charting software, technical analysis indicators, and risk management features, empowering traders to make informed decisions. LimeFx offers multiple accounts with widely diverging pricing mechanisms. I measured the spreads, swaps, and commissions on its No Commission account and compared the offering to the other 6 account types.
While not publicly traded or running a bank, LimeFx is still considered High Risk due to recent regulatory challenges like the FCA license lapse, affecting its Trust Score. These factors underscore the importance of understanding the regulatory landscape and its impact on investor security. Founded in 2013, Trading Pedia aims at providing its readers accurate https://limefx.biz/ 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. The payment method also comes with the PMA token, which is the means of value in the PumaPay system and works like most cryptocurrencies.
The main advantages of choosing to trade with LimeFx include exceptional client benefits and dedicated customer support. LimeFx makes a wide range of markets available including access to Forex, Metals, Indices, Commodities, Futures, and Shares. LimeFx is authorized and regulated by the Financial Sector Conduct Authority (FSCA). Yes, LimeFx allows interested parties to copy the best traders’ strategies via the LimeFx AutoTrade Platform. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.
The minimum deposit required to open an account is only $100 which is great when you consider the industry leading trading platforms and conditions they offer. LimeFx is a reputed trading broker with a global customer base and a diverse selection of trading products across numerous markets. They are subject to stringent controls and are well-regarded within the industry. Because of the modern trading technology, the trading conditions are among the finest available, with competitive spreads, low commission fees and rapid trade execution speeds.
One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. The mobile app affords traders quick and easy access to the market on the go. I checked the usability of the mobile app version of MT4 by testing how long it would take me to do just that. In just a few seconds, I was able to log into my account, go to my open orders, and adjust the parameters (move the stop-loss) of a trade.
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. Precious metals have always been valuable but their prices are less affected by supply and demand, unlike other commodities. Usually, the price of gold, for instance, is a function of the current sentiment. CFDs on indices give traders exposure to the global markets and great opportunities to profit from some of the most popular indices in the US, UK, Germany, China, etc. Indices represent the collective value of underlying publicly-traded companies.
For beginners, trading forex may seem complex, but with the right mindset, it can be a profitable and exciting activity. As a novice trader, one of the most important things to keep in mind is that risk management is an essential part of forex trading. This means deciding how much you are willing to lose on a trade and staying within that limit. Start with realistic expectations and understand that it takes time to generate significant profits; instead, focus on gradually increasing your account. Traders should also consider potential third-party processing costs and currency conversion fees. Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the LimeFx account name.
You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. I like that I can select from a lot of accounts at limefx website absolutely any point, giving me the full range functionality of the platform. If I decide to use a different strategy that would be best with a different set of trading conditions, trade execution, spread and leverage, I can simply create an account that fits my demands. LimeFx is a strong all-round broker with a reliable platform, low fees, high leverage, and a selection of welcome bonuses.
The inclusion of Crypto CFDs adds a modern touch to the platform, although these aren’t available to U.K. LimeFx’s wide selection of asset classes caters to different investor preferences and risk appetites. This variety allows for potential portfolio diversification and the ability to capitalize on market trends across different sectors. Clients across Europe and the UK are offered two types of protection – segregated client bank accounts and financial compensation if LimeFx fails to pay its customers. 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.
When compared to similar brokers a viable alternative broker choice to LimeFx is IC Markets. IC Markets is a renowned Forex CFD provider that offers trading solutions for active day traders and scalpers. IC Markets offers cutting-edge trading platforms, low latency connectivity, and superior liquidity.