Trading indices are used in all kinds of investment vehicles, such as mutual funds or retirement plans. They can also be used to measure the performance of individual stocks in the stock market. Cryptocurrencies have been around for about a decade now, and in the last few years, they have seen an unprecedented rise in value.

This detailed LimeFx review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex trading, CFD trading, Share Dealing. If you have experience trading with LimeFx please share your personal review of the broker and what you think are strong and weak points. If you have traded with LimeFx we would really like to know about your experience – please submit your own review. This average customer rating is based on 1 LimeFx customer reviews submitted by our visitors. Compare the markets and instruments offered by LimeFx and its competitors.

Because I get enough stress at trading, so I don’t need it outside of it. For example, the EUR/USD currency pair is the most liquid currency pair in the forex market, so it generally has the tightest dealing spread. If an important news event occurs, such as a key economic data release, the EUR/USD dealing spread can widen considerably depending on how much market volatility the event causes.

Does LimeFx accept clients in Asia area?

Importantly, all instruments benefit from zero commissions. This makes LimeFx a low-cost trading brokerage when compared to alternatives. Live spreads average at 0.2 https://limefx.group/ pips for EUR/USD and around 1.0 pip for GBP/USD. LimeFx has a webpage with a 15 minute average spread chart for major instruments, including spot gold and silver.

The forex trading market must meet strict financial standards that include capital adequacy requirements as per its regulations. They have to submit the financial reports to the regulators on a daily basis. If they violate the regulatory requirements, FCA has the full authority to fine firms and terminate their regulatory status.

The broker designed various accounts with comprehensive features and different minimum deposit requirements that allows traders of different level to start trading in LimeFx conveniently. Based on our findings, the broker offers a wide range of trading instruments all based on FX and CFDs trading. It allows trading major, minor, and exotic currency pairs, and cryptocurrencies with access to Bitcoin, Litecoin, and Ethereum, major indices from the EU, US, UK, and Asia. It also allows the trading of precious metals and energies. Lastly, there are several offers on hand for Forex traders.

• According to LimeFx, many of the procedures the broker has adopted “go beyond” the basic rules and regulations imposed upon it in various countries.
• Because LimeFx is a registered and fully compliant broker, new traders must pass account verification in accordance with AML/KYC requirements.
• Sometimes it is a bit slow if compare to desktop version, but I guess it is due to internet connection, because platform is optimized well for portable devices.
• LimeFx offers clients Forex trading, CFD trading, and Share Dealing trading.
• Instead, it uses institutional partners’ liquidity pool to guarantee the tightest spreads and best quality of service to its customers.

To trade effectively with LimeFx, it’s important to have a good understanding
of the LimeFx trading tools and the markets. The effect of leverage on profits and losses magnifies them in both directions. In other words, LimeFx leverage profits and losses are magnified when trading.

Services Offered by LimeFx

Trading online with LimeFx requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the LimeFx trading tools and features. That’s why we’ve compiled this detailed LimeFx review with some important information that will hopefully make you more informed when online trading with LimeFx. In addition, LimeFx is a member of the Investor Compensation Fund (ICF) which insures clients in the event of insolvency.

Who Is LimeFx Recommended For?

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, LimeFx leverage magnifies both profits and losses in trading. You can trade a wide variety of instruments with LimeFx
over 120 instruments in fact. This means LimeFx are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies. Other helpful features include a glossary of terms, an economic calendar and forex news.

A minimum deposit of 500 dollars is required to open an account with LimeFx. The spread starts from 0.1 pips and can go extremely high. There is also a rollover fee involved for trading positions that are held overnight. Moreover, the commission charges on various securities are expensive too. The account opening process of LimeFx seems pretty time-consuming and tiring. One has to go through several steps, fill in multiple questionnaires.

LimeFx Trading Tools

There is a provision to sign up with a Facebook account too. The email address entered should be verifiable as a link will be sent to the address to confirm the identity of address owner. These are codes made up of an alphabet or alphabets, numbers and special characters. FX Central Clearing, known as LimeFx for short, is a foreign exchange platform created in 2010. Its founders are industry professionals with many years of experience in the exchange industry, buying and selling commodities in the financial market.

DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare LimeFx with the top 3 similar brokers that accept traders from your location. A selection of free downloadable e-books and PDFs is also provided.

The current 100% First Deposit Bonus (up to $2000) promotion for non-EU clients doubles account equity with the first deposit. Crypto payments are also accepted limefx reviews in several major coins such as BTC, ETH and USDT. Eight cryptocurrencies are provided, including Bitcoin (BTC), Ethereum (ETH), and Monero (LimeFxR).

Also, conditions for traders might vary depending on the jurisdiction. On top of that, the broker provides only the MT4 platform and no other alternatives. Customer support is very important for new traders, and LimeFx offers it in the form of 24-hour customer service that runs five days a week.

Leverage levels depend on the instrument you trade and are defined by the regulatory restrictions together with your personal level of proficiency. If the customer has his website, he can integrate a free currency converter widget with a banner ad displayed. He can also get premium customization that will allow him to add the widget to his site without any advertisement for an annual fee. Traders of gold, silver, and palladium can trade against their preferred currency. Gold dealers, for example, can conduct transactions in dollars or euros and vice versa.