LimeFX is the company that I take proud of, becase they have been in the business for a long time and still on a roll! Imagine how hard it is to stay afloat in such a competitive sphere for limefx scammers such a long period? It has lots of competitors but has a stable clients inflow and I was the one who recently joined them.
Account Currencies
Indices represent the collective value of underlying publicly-traded companies. Clients across Europe and the UK are offered two types of protection – segregated client bank accounts and financial compensation if LimeFX fails to pay its customers. 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.
A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. The payment method also comes with the PMA token, which is the means of value in the PumaPay system and works like most cryptocurrencies. MT4 is suitable for beginners as it is easy to use and can be customised based on personal trading preferences and level of experience. We use dedicated people and clever technology to safeguard our platform.
MT4 WebTrader Features
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. With CFD on shares, traders can invest in some of the largest and most successful companies in the world without actually owning any company stock. This type of trading allows investors to speculate and make a profit by taking long or short positions, use leverage and enjoy tight spreads and a 0.10% commission taken by LimeFX. Besides, shares, especially when traded from long-term positions, are very stable and provide a reliable generation of profit.
If there was a better platform for my…
- The broker does not have a huge range of commodity markets but it offers trade on the most popular ones.
- LimeFX primarily makes its money from dealing spreads, although you might have to pay additional fees depending on the asset and type of account you choose.
- There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide.
- It was developed by MetaQuotes in 2005 and it is the best platform to trade forex and other financial instruments such as CFDs, futures, indices, commodities and cryptocurrencies.
- 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.
- The fixed/floating spread account types, in contrast, have narrower stop-out levels (20%), making them more suitable for applying tight risk management.
I have been working on the Premium account since early September and have had no troubles with it. I decided to try this broker recently and I was impressed by the account options. As with all Micro, Standard, and even VIP accounts they’ve got a tool for every kind of dealer. Being in this industry for a while, I realized their prices were low, and the account creation procedure was easier. The support was quick and double-checked that all my questions would be addressed well.
Keep in mind that the dealing spreads above refer to normal market conditions. After logging in and successfully connecting to the selected server, you will gain instant access to your trading account and you will be able to start trading the markets. You can log in to your account and monitor or close your trades on the go from your mobile device, anywhere limefx reviews at any time. Download MetaTrader 4 for PC to get the most powerful tool for technical analysis and trading in the markets. Need for it to be able to handle some volatility, don’t take profits too early, and don’t hold the losers for far too long.
Why is Choosing the Right Account Type Important?
A much faster alternative is to make a deposit through a digital wallet. 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.