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. Furthermore, the broker offers Live TV, which is a feature that provides real-time market updates, news, and analysis.
- The most ignored trading costs are swap rates on leveraged overnight positions.
- Secondly, wanna mention the work of customer spuport who hinted me on the account types.
- Investors can have confidence that their funds are protected and that the broker is subject to oversight to prevent malpractice.
- Moreover, as the supply and demand of metals fluctuate, traders can
take advantage of price movements to increase their profit potential. - But I like to use these auxiliary services, which are available in this broker’s Academy.
While creating their demo accounts, traders are allowed to decide between a great number of deposit amounts that start from $500 and can run into $5,000,000 at the most. While setting up their demo account, traders will only be allowed to go for an account with a floating spread. LimeFx does not list minimum deposit or withdrawal https://limefx.biz/ requirements and does not levy internal fees. Traders may face third-party processing costs or currency conversion fees. Supported transaction currencies are USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, and HUF. LimeFx converts deposits and withdrawals in other currencies to the account base currency at market rates.
LimeFx Mobile Trading App:
LimeFx offers a choice of 300+ trading instruments, Forex, commodities, indices, shares, and futures. Equity traders get a selection of blue-chip stocks listed in the US, the UK, and the Eurozone, where Czech companies pleasantly surprised me. I am missing ETFs and cryptocurrencies, but the range of assets at LimeFx suits most retail traders and is excellent for Forex traders. The Fractional share dealing offer is ideal for smaller portfolios. I like the educational content for beginners at LimeFx, which also maintains a balanced asset selection. The flexible leverage and customizable demo accounts are also excellent, offering traders two core trading tools.
- Access multiple financial markets with ease and efficiency using the standard trading platform for both beginner and professional traders.
- The broker offers 300+ tradable instruments from 6 asset classes including forex, shares, indices, futures, commodities, and metals.
- The MT4 platform is available in different
versions, such as the desktop version and the mobile app. - In
addition, forex traders can also trade exotic currency pairs, such as USD/MXN,
EUR/TRY, and more. - In
addition, the broker offers low spreads on metals, and traders can take
advantage of volatile market conditions. - Podcasting is a powerful and more contemporary platform for regulated brokers and agents looking to network and broaden their audience.
Only a legal address is provided, which may limit the ability to engage in direct face-to-face interactions or visit a physical location for assistance or resolution of issues. Copytrading provided by this broker is in my opinion an excellent option to make money on the financial markets. I’m sure that this way of making profit should be treated no less responsibly than independent trading. The only thing I’m sure about LimeFx so far is its trustworthiness. But I’m indecisive about if its trading conditions will suit my trading tactics. On the one hand I get the high levergae for higher profits but on the other the spreads are not as tight as I hoped they would be.
What are the withdrawal methods
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. Foreign exchange trading has exploded in popularity because of the greater trading opportunities it gives and because of its high liquidity.
The swap fee is a percentage of the underlying
asset’s price and varies depending on the currency pair and other parameters. Leverage allows
traders to make a much higher return, but the disadvantage is that a small
price movement in the opposite direction of the trade can magnify losses as
well. Traders
can trade CFDs on global spot indices with LimeFx, such as the Aussie 200 or
the German DAX, and more. Traders can enjoy low margin and take advantage of
the volatile markets. The
swap fee applies to all base currencies, including EUR, USD, and JPY.
What trading platforms does LimeFx offer?
They provide traders with
assistance when it comes to trading accounts, deposits, withdrawals, and more. Their customer team is knowledgeable and friendly and always willing to help
traders with any issues they may have. The broker offers both the MT4 (MetaTrader 4) and LimeFx trading platforms.
Opening an Account
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, limefx official site commodities, indices, shares, and futures. Hi Marcos,
Thank you for taking the time to share your positive feedback with us. At LimeFx, we strive to provide a range of trading options and tools to cater to the diverse needs of our clients.
For Forex traders who use scalping as a trading strategy, low spreads are crucial. In the long run, these lower your trading expenses, especially if you are a frequent trader. Trading using a zero-spread account, as long as there are no additional commissions or fees, makes it simple to initiate and exit a transaction without worrying about racking up trading charges. The question of which forex broker to use is one of the most challenging for traders.
LimeFx’s Academy is comprised of a variety of webinars, podcasts and videos-on-demand, through which trading tips, daily updates and the latest financial news are delivered by top LimeFx analysts. 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.
In
addition, the broker provides negative balance protection, which prevents
traders from losing more money than they have invested. It is an important
feature that helps protect customers from financial losses due to unforeseen
market conditions. LimeFx offers an extensive range of educational forex content to broaden your scope of expertise and make you a more tactical trader. This includes a popular blog page, resourceful FAQs, and strategic market insights.
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. The secure LimeFx client portal handles all financial transactions for verified clients. Traders must submit their name, e-mail, country of residence, mobile number, and date of birth. It also includes the account selection process, which I find convenient.