is LimeFx regulated

When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. 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.

Their standard account is better than most brokers premium account 🤣 And its not even close.

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 difference between the bid and ask prices is called “the spread.” The spread is the cost of trading a CFD. Traders look for small spreads, since a smaller spread usually means the specific asset is more liquid. On the other hand, assets with a “wide” bid-ask spread can be more costly and time-consuming.

is LimeFx regulated

So, is LimeFx a legit Forex broker?

Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. When it comes to the value and quality of service then I would say that this broker has been doing really well in impacting and training newbies and beginners, most brokers aren’t concerned about that. LimeFx is a trade name of Tradeco Limited, which is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD029.

is LimeFx regulated

Customer Support Test

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 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 is the minimum deposit?

Access multiple financial markets with ease and efficiency using the standard trading platform for both beginner and professional traders. Customisable, with advanced chart functionality and trading tools, the MetaTrader 4 is your go to platform for all markets. The brokerage stands as a synonym for reliability in the trading realm, guaranteeing an unparalleled trading experience marked by competitive spreads and a comprehensive array of trading tools. LimeFx offers a choice of 300+ trading instruments, Forex, commodities, indices, shares, and futures. I like the selection of 84 currency pairs, which ensures that Forex traders have a broad choice of trading instruments, complemented by 30 commodities, 150 stocks, 30 futures contracts, and 30 equity indices. Equity traders get a selection of blue-chip stocks listed in the US, the UK, and the Eurozone, where Czech companies pleasantly surprised me.

  1. Allthese features make LimeFx an excellent choice for traders looking for areliable and user-friendly trading platform.
  2. Our zeal for innovation and relentless pursuit of excellence have driven us to embrace state-of-the-art technology and continuously refine our services and offerings.
  3. Customers can contact customer service representatives by phone, email, etc.
  4. This is to say that traders will benefit from high volatility and low margin in a more efficient way.
  5. LimeFx does not charge a handling fee for deposits and withdrawals, though third-party banking fees may apply.

LimeFx’s Trading Fees

CFDs on commodities enable traders to takepart in the commodities markets without actually owning the asset. The LimeFxplatform gives traders access to global commodity markets with leverage,allowing them to take advantage of price movements. With instant access to 300+ instruments across multiple asset classes, quality execution, advanced online trading tools, and trading systems, we provide everything to meet your trading needs. There are a range of trading platforms available, including online platforms which operate on desktop, or platforms which run on mobile apps. You can choose from our wide selection of currencies, metals, indices, commodities, shares and futures and start trading with competitive conditions and dedicated support. Based on the available information we have gathered about LimeFx, it appears that the broker may not be reliable and trustworthy.

CFD prices are commonly found as a double price quotation called the bid and ask prices. The pair of prices shows the best potential price at which an asset can be sold and bought at a specific time. The bid price is the highest price a buyer is prepared to pay, whereas the ask or “offer” price is the lowest price a seller is willing to accept. Our deposit bonuses provide some extra power when you are just starting out.

However, the platform is quite old, and its rugged design is outclassed by newer and sleeker platforms. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. 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 addition, like any other broker, LimeFxlevies swap fees if the positions remain open overnight. The customer service team is prepared to offer you an unmatched degree of assistance by answering all your questions.

With MT4, traders can also use customindicators and automated trading strategies. Tradersalso have access to a wide range of expiry dates, and they can trade futuresdaily, weekly, or monthly. Moreover, the broker offers a wide range ofeducational materials to help traders understand the market better. Inaddition, the broker provides negative balance protection, which preventstraders from losing more money than they have invested. It is an importantfeature that helps protect customers from financial losses due to unforeseenmarket conditions. Thebroker’s trading platform is the industry standard MetaTrader 4 (MT4).

With the help of these orders,they can also manage their trading activities better and maximise theirprofits. With the help of the LimeFx platform, thesetraders can make informed decisions when trading stocks. Deposits are free and instant; traders canquickly https://limefx.name/ start trading after the deposit is complete. The swap fee is a percentage of the underlyingasset’s price and varies depending on the currency pair and other parameters. Forex traders can trust LimeFx’s platform forsafe and secure trading.

The mobile app for the LimeFx platform is available for both Android and iOS. It’s very good, considering that this broker is fresh in this business and without a reputation. With all due respect to FSA and other authorities, they are all lower tier for a reason. A regulated broker can provide you with security, proper education about trading, and stable trading conditions without a doubt.

This is an offshore trading company offering FX and CFD trading with an FSA license. Then the broker has reason to call you and pitch you for more money. limefx forex broker If you take a look on Trustpilot, out of 109 reviews almost 15% are rated 1-star. That’s why you look for Tier 1 regulation, which LimeFx doesn’t have.

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. We use dedicated people and clever technology to safeguard our platform.

The asset and contract classes that can be traded collectively comprise trading instruments. Each of the instruments listed below is distinct and has qualities that make it advantageous to trade with them. To reach your financial objectives, diversify your portfolio by investing in various instruments depending on your risk tolerance. LimeFx provides traders with low spreads and competitive and reliable pricing. As we mentioned about LimeFx reviews, clients had issues with withdrawals.

Most of these instruments have tight spreads, which makes trading withLimeFx a cost-effective option. Podcasting is a powerful and more contemporary platform for regulated brokers and agents looking to network and broaden their audience. Each episode of the LimeFx series, hosted by eminent professionals, provides traders with useful strategies, insights, and new developments. Foreign exchange, the world’s most common transaction category, is also offered by LimeFx.