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. Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s 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. CFDs on commodities offer lots of trading opportunities due to their low or negative correlations and potential returns.
Choose between Standard, Premium, Privilege and Cent accounts and enter the markets with superb trading conditions. Lime Fx is not targeted to residents of the EU where it is not licensed. Lime Fx does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea.
What is the minimum deposit for Lime Fx?
In my view, a good chart should afford easy scaling up and down of price action. Lime Fx incorporates the renowned MetaTrader 4 (MT4) platform, which has desktop, web-based, and mobile app versions. MT4 provides a decent range of analytical tools and affords the execution of basic technical analysis, though its charting capabilities are rather cumbersome. I found out that the live spreads listed on the website correlate to the actual price quotes on the platform, underpinning Lime Fx’s high level of fee transparency.
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To finish, select the existing trade account, enter your account number and password, and click finish. The second email will include vital information like your login number, MetaTrader 4 login password, server name, and account currency. You will be required to keep this data at hand as you will need to enter it later. In this video, we’ll discuss how to log in to the MT4 platform on Windows once you’ve registered with Lime Fx.
Download MetaTrader 4 trading platform.
Some features and services may vary depending on where you reside and which entity you open an account with. Lime Fx and its services are generally geared towards copy trading. Traders limefx scam have access to 9 different timeframes, 3 chart types, one-click trading, exceptional support, customisable charts and a flexible trading experience using MetaTrader 4.
CFD prices are commonly found as a double price quotation called the bid and ask prices. The pair of prices shows the best potential price at which an asset can be sold and bought at a specific time. The bid price is the highest price a buyer is prepared to pay, whereas the ask or “offer” price is the lowest price a seller is willing to accept.
With Lime Fx, you can trade over 300 trading instruments from 6 asset classes just by using the leading trading platform MetaTrader 4. All markets are at your fingertips, including forex, shares, metals, futures, commodities and indices. You can buy or sell your favourite assets via CFDs and explore trading opportunities with flexible or fixed spreads. Lime Fx is an international broker that has become popular with global traders. The Lime Fx MetaTrader 4 platform gives traders access to more than 300 tradable instruments across 6 asset classes, including shares, indices, forex, futures, metals and commodities. Traders can choose from multiple account types that best suit their trading requirements, skills and knowledge.
Lime Fx has an attractive offering of high-yield/risk instruments, such as share CFDs and cryptocurrencies. This caters to the needs of speculative traders looking to exploit sudden outbursts of volatility in the price action. However, there are no lower-risk securities like bonds and ETFs to be used for hedging one’s overall market exposure. Lime Fx’s mobile app affords traders quick and easy access to the market on the go. The market is volatile and ever-changing, and staying on top of the latest developments is made easy with the mobile app version of MT4. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.
When you buy a CFD contract, you speculate on the price movement of the underlying asset. For example, if you buy a CFD on gold, you speculate on the price movement of gold, without owning any actual gold. My overall impression of Lime Fx is that its offering is sufficient for the needs of beginners but may fall short for seasoned traders. The easiest way to get in touch with Lime Fx is live chat, which is available from the bottom-right corner of the main page. The website also has a dedicated FAQ section intended to help with more general queries about the broker’s services.
Lime Fx 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. The availability of more than one perspective is advantageous to the trader, who can compare the different vantage points. There is also a lack of a news screener, which traders usually use to stay on top of the latest market developments. Lime Fx does not target residents of the EU where it is not authorized.
- My tests indicate that Lime Fx’s trading fees exceed the industry average.
- I did not find any specific feature in Lime Fx’s offering to say that the broker is better suited for high-frequency or longer-term trading.
- Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid.
- In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.
- I also appreciated the vast amount of over 150 written articles that are available from Lime Fx’s blog section of the website.
The broker operates limefx reviews on a Straight-Through-Processing (STP) basis without a dealing desk. Order requests are transmitted to the interbank level, where Lime Fx’s liquidity providers fill them. As long as there is enough liquidity in the market, all order requests will be filled at varying speeds. I did not find any specific feature in Lime Fx’s offering to say that the broker is better suited for high-frequency or longer-term trading. When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. One of the best things about MT4 is its simplified order execution.
The competitiveness of Lime Fx’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. However, the broker’s spreads on currency pairs are quite elevated. Lime Fx offers commission-free trading and above-average floating spreads. The broker does not charge deposits and withdrawals but has issued an inactivity fee. Get a competitive edge in the market by trading CFDs on gold, silver, palladium or platinum.