25 Jan Discover a range of assets and start trading with LimeFX
Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. In my estimation, LimeFX’s most useful type of educational content is its webinars. They are held frequently in several languages – English, Chinese, Arabic, and Malay.
Trading Instruments
- In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.
- LimeFX offers a fairly decent range of educational content, providing beginners with a firm basis to further their learning.
- From videos, webinars, to eBooks and more, our Education is your go-to for learning strategies, market insights, and tips that work.
- While setting up their demo account, traders will only be allowed to go for an account with a floating spread.
- Traders who create a Standard account will be given access to the full range of instruments the brokerage firm provides as they will access CFDs on commodities, indices, Forex, metals, shares, and futures.
However, the combination of commission-free trading and floating spreads from 1.8 pips exceeds the industry average. The Privilege account, as the name suggests, features the most favorable trading conditions, but the minimum deposit requirement is quite elevated. The competitiveness of LimeFX’s fees depends on the asset classes traded. For instance, I found the combination of commission-free trading and generally low spreads on share CFDs extremely favorable.
Compared to the broader industry, LimeFX offers an average amount of share CFDs, and a high amount of FX pairs, commodities, indices, and cryptocurrencies. 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.
It also supports automated trading via its Expert Advisors (EAs) feature. Meanwhile, the mobile app version of the platform supports trading on the go. LimeFX has invested time and energy in developing research materials, which I found quite diverse and unconventional. Its podcast and LiveTV feature are two excellent examples of this, giving traders a unique perspective on currently evolving trading opportunities and market developments.
LimeFX’s Non-Trading Fees
Founded in 2013, Trading Pedia aims at providing its readers accurate and actual financial news coverage. Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators. The availability of some of these banking methods depends on the location of traders, so the list of options they will get to see when they access their accounts might differ. Even though future markets are leveraged, traders should bear in mind that they will not only get greater exposure to the market but will also be more susceptible to its negative movements. Customers of LimeFX can trade CFDs on global spot indices such as the German DAX or Aussie 200. Traders can go for spot equity indices like NETH25Cash, UK100Cash, UK250Cash, JPY225Cash, and SWE30Cash.
How does CFD trading work?
Trade seamlessly with our intuitive platforms, reliable support and limefx forex brokers reviews fast execution. LimeFX is not targeted to residents of the EU where it is not licensed. LimeFX does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea.
Clients of the brokerage firm will benefit from flexible leverage and competitive spreads across the entire commodity range. With spreads from 3 points, traders can easily keep their costs on the lower edge of the spectrum. CFDs allow traders to go long and short, meaning that they can make a profit when the commodity falls or rises in value. Traders who are looking limefx forex broker to bring greater diversity to their portfolios and want to hedge risk are given a choice from a number of commodity options.
When you trade CFDs, you can do so by using leverage, which means that traders only need to use a small capital amount to control a much larger position in the market. While leverage enables you to potentially earn bigger profits, it can also incur bigger losses. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. My overall impression of LimeFX is that its offering is sufficient for the needs of beginners but may fall short for seasoned traders.