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LimeFX gives clients access to trading contracts for difference (CFDs) on a wide range of asset classes including forex, commodities, spot metals, spot indices, futures and shares. The online broker offers several different account types and trading platforms, as well as a blog, research material and educational resources. LimeFX also offers social trading via its AutoTrade platform and keeps segregated accounts for traders. The broker is also holding the Iron Worlds Championship, a trading competition with a $1,000,000 prize pool.
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. 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.
Digital wallets or e-wallets are fast, secure, and convenient methods to send and receive electronic payments. LimeFX accepts several different e-wallets such as the widely popular Neteller and Skrill, as well as FasaPay, a Malaysian e-wallet that is accepted by various FX brokers. In addition, the broker accepts several instant banking transfer services, which are available locally – Union Pay for Chinese customers, DotPay for Polish traders, etc.
- Also, pricing for most services is slightly higher or on a par with other major forex brokers.
- It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account.
- Had to play with risk tolerance too, the 5% per order sometimes means a system just goes bankrupt right away, but 4% it suceeds on the historic data easily.Small martingale for boost is important too.
- With tight spreads as low as 0.04 and 1% margin requirements, LimeFX offers its clients a great opportunity to profit from the global gold and silver markets.
Industry-Leading Trading Platform MT4
When deciding on which account type to choose, you should consider a number of factors, including the product(s) you wish to trade, the trading conditions, and execution type. You should also think about researching what the platform itself has to offer. Metatrader limefx official site 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions. They also offer the free LimeFX Research app, which has no trading functions.
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It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading. All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations.
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There’s no bond CFD coverage but spot, metals, and index products cover the most popular limefx broker reviews instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed. LimeFX offers several trading platforms, available for PC, Mac, and mobile devices. The options include the popular MetaTrader 4 and the Personal Multi Account Manager but the broker does not have a proprietary software platform. This may be a weak point for the broker but it should not bother traders, especially since MT4 is familiar to most of them.
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. The broker is also regulated by the Australian Securities and Investments Commission (ASIC) and with this license, the broker is authorized to operate in Australia, New Zealand, and South Africa. The method you used for depositing funds is also generally the same one used for withdrawals of profits and any remaining account balance.