Overall, LimeFX alternative brokers that support hedging provide traders with increased flexibility and risk management capabilities, which can help to improve their overall trading performance. LimeFX alternative brokers that support hedging can be useful because they allow traders to open multiple positions on the same financial instrument, both long and limefx review short, which can help to offset potential losses and reduce risk. An experienced spread betting trading with a LimeFX alternative broker can bring significant profits to traders but can also lead to substantial losses if the speculation is incorrect. The profitability of spread betting with a LimeFX alternative depends on the money one is betting and the chosen financial instrument.
Deposit and Withdrawal
This is not something exclusive to this broker, you will find most have a demo account available. If you are looking for the smallest possible spreads (starting from 0 pips), then you may consider the zero spread accounts. These do charge a very competitive commission which varies depending on the level of the account. I must admit that the commission is not the lowest I have seen, but I also feel that the quality of the broker makes it worthwhile.
LimeFX Alternatives offering VIP Accounts
- Spread Betting is a popular way for participants to bet and take risks on the financial market with a LimeFX alternative.
- As well as evaluating a broker’s product portfolio, fee structure and trading tools, we consider the availability of GBP-denominated accounts, the presence of UK-based customer support, and FCA authorisation.
- Live news feed helps traders stay on top of the latest market developments.
- Trading price alerts and alarms are automatic, free customisable notifications you can set to receive on your trading platform.
Each clients account is provided with a unique code which is used to ensure that the funds are only for the funding purposes. While the international arm of LimeFX offers a percentage allocation money management (PMAM) account, it is unclear whether this option is available to UK users. Moreover, the broker’s demo contests are not available to traders in the UK. While accounts gain additional security from using a separate login for the client portal and MetaTrader 4 platform, the most substantial protection measures like two-factor authentication (2FA) are not supported. Due to FCA regulation, the broker must hold client funds in segregated bank accounts and participate in the Financial Services Compensation Scheme, which covers client funds for up to £85,000 in the event of broker insolvency.
Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?
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. There is a wide range of stock, commodities and futures available for trading. Compare LimeFX alternatives for your limefx forex broker business or organization using the curated list below.
Learn more about LimeFX with this video
If you would like to see how LimeFX stands up against other brokers you can read some of our LimeFX comparisons below. We compare side by side some of our top rated LimeFX versus comparisons. We list some LimeFX alternatives and the educational resources they offer so you see how they compare with LimeFX.
The responses arrive in a prompt and efficient manner from my experience. While the broker does not state a minimum deposit, there is a maximum deposit amount of $50,000 or equivalent for most payment options. LimeFX clients have several options when it comes to deposit methods. Credit and debit cards, bank wire transfers and Skrill and Neteller payments are the choices best suited to UK clients.
A reliable LimeFX alternative broker will want you to be a successful trader. Each LimeFX alternative has their own measures and policies in place with regards to clients depositing into trading accounts or withdrawing back into their bank. It is important that you research the LimeFX alternative to make sure that they have the type of deposit and withdrawal method that you will want to use, as this will make your trading journey much easier and less stressful. The term overnight fee refers to the interest one pays on their trading leverage. The quantity of options for depositing and withdrawing funds from your LimeFX alternative trading account is critical.While you can deposit with a credit card at LimeFX, you might not be able to do so at its competitors. Every broker has their own policy when it comes to clients depositing money into their trading account, or withdrawing money from the platform into their bank account.
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