It is a mechanism that prevents theaccount balance from going into negative territory and ensures that tradersdon’t end up owing money to the broker. As the prices of these commodities can beaffected by factors like supply and demand, political unrest, etc., traders cantake advantage of this volatility and make profits while trading thesecommodities. CFDs on futures are another popular tradinginstrument on the LimeFX platform. Traders can access some of the most liquidfutures markets like the S&P 500, Nasdaq 100, Dow Jones 30, and more.
Geo-Restrictions on LimeFX Broker
We generate income through various methods, which helps us convey facts transparently and not write biased content due to “broker sponsorships,” “commissions from financial companies,” and “advertisements.” While the broker charges no commission, it provides a simple and straightforward list of Average spreads for various account types. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold.
- The Privilege account, as the name suggests, features the most favorable trading conditions, but the minimum deposit requirement is quite elevated.
- With a deepliquidity pool in futures trading, traders can take large positions withoutworrying about slippage.
- The training programs are designed based on tools for traders of all levels, from “beginner to advanced.”
- I recommend traders select demo account settings similar to their planned live deposits to create the most realistic demo trading experience.
With LimeFX, you can access competitive spreads with both our Live Floating and Live Fixed accounts. Fixed spreads allow you to trade with predetermined and steady spreads without worrying about sudden changes. With floating spreads, you can access more competitive spreads, but these are flexible and could fluctuate according to market conditions. Some praise the competitive trading conditions, user-friendly platform, and quality customer support, while a few complain about withdrawal issues and fraudulent activities. The broker provides over 300 trading instruments across most major asset classes, offers diverse trading accounts, and incorporates the popular MetaTrader 4 platform. LimeFX does not charge a handling fee for deposits and withdrawals, though third-party banking fees may apply.
My Key Takeaways After Exploring LimeFX’s Tradable Instruments
The swap or rollover fee refers to additional charges that can be incurred overnight when traders leave trading positions open. The fee is applied by the broker so traders can continue holding a leveraged position after active market trading hours. To get access to six different asset classes and more than 300 financial instruments with no commission and floating spreads, you must complete the LimeFX registration process. My tests indicate that LimeFX’s swap charges meet the industry average.
In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand. However, it’s essential to recognize that while LimeFX’s range of investments is limefx forex broker extensive, it may not have as many exotic or niche assets compared to some other specialized brokers.
LimeFX Broker Specifications
Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s limefx scammers 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. LimeFX is still a relatively new broker, having been established just a couple of years ago.
Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. Trade forex with fixed or flexible spreads, starting from as low as 0.0 pips. Whether you are a beginner or a professional trader, you can choose the right spread account for you and explore opportunities with our superb conditions. Explore more than 300 instruments across 6 asset classes and trade CFDs with superb trading conditions. LimeFX offers a fairly decent range of educational content, providing beginners with a firm basis to further their learning. Multiple written and video materials cover essential topics related to technical and fundamental analyses, as well as the psychology of trading.
How do I open an account with
While LimeFX’s spreads are competitive for some assets (like cryptocurrencies), they’re higher than average for currency pairs. This multi-asset broker brings a lot to the table, catering to traders of all stripes. Whether you’re into forex, metals, futures, commodities, shares, or indices, LimeFX has got you covered. I conducted my test on 18 December at around 9.50 am CET via live chat. I requested additional information about LimeFX’s execution model, average execution speed, and general trading conditions. An agent connected almost instantaneously to the chat, but they did not introduce themselves.
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