LimeFX guarantees that its clients will be able to top up their accounts and withdraw their funds quickly and easily as there is a good range of deposit and withdrawal methods to decide between. To ensure that its clients will be able to make informed trading decisions and improve their trading skills, LimeFX’s recently launched Academy service gives them access to webinars, eBooks, podcasts, and videos. Begin by clicking on Trading Platform on the left of your dashboard and choose the Windows version. When the platform has finished downloading, run the set-up to instal MetaTrader 4 on Windows. The platform should open automatically or there should be a shortcut that appears on your desktop.
Due to their low or negative correlations, CFDs on commodities provide lots of attention-grabbing trading opportunities. For the most part, commodities markets are open around the clock, so traders can take positions on them 24/5. Indices are used to measure the price performance of a group of shares from an exchange and enable traders to get exposure to an entire sector or economy without opening several positions at once. This is to say that traders will benefit from high volatility and low margin in a more efficient way. Other key reasons why traders choose to trade CFDs on indices is that they can go long or short and benefit from flexible trading hours. The difference between the bid and ask prices is called “the spread.” The spread is the cost of trading a CFD.
- When the platform has finished downloading, run the set-up to instal MetaTrader 4 on Windows.
- A CFD (Contract for Difference) offers the opportunity to traders to speculate on the price movement of different financial assets without owning them directly.
- Clients of LimeFX are offered instantaneous access to indicators and advanced charting and trade futures with CFDs either through MetaTrader4 or WebMetaTrader.
- Other payment methods traders can use to transfer money to their accounts are Sofort Banking, Rapid Transfer, bank transfers, Apple Pay, Perfect Money, open banking, and cryptocurrencies.
- It is regulated locally by the Financial Services Authority (FSA) of Seychelles and adheres to some of the main safety requirements in the trading industry.
Online Trading the LimeFX Way
Clients of the brokerage firm can only take positions on precious metals like gold, silver, platinum, and palladium. Unfortunately, traders will not have the opportunity to trade CFDs on base metals like copper, nickel, or zinc, among others. Foreign exchange trading has exploded in popularity because of the greater trading opportunities it gives and because of its high liquidity. LimeFX allows its clients to participate in the $6.6 trillion-a-day FX market using the leading MetaTrader4 trading platform. Choose between Standard, Premium, Privilege and Cent accounts and enter the markets with superb trading conditions.
LimeFX’s Non-Trading Fees
LimeFX allows its clients to take long and short positions on the price of precious metals and buy or sell CFDs with competitive spreads. Since traders will speculate on the price movements of these precious metals with CFDs, they limefx broker reviews will not take physical delivery of the underlying asset. The brokerage firm ensures that its clients get the best prices while trading forex as they are offered fixed and flexible spreads that start from 1 pip.
They responded fairly quickly to my question about the inactivity fee policy but struggled to explain their execution model. LimeFX 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. However, as a trader who relies heavily on precise technical analysis, I am highly skeptical of MetaTrader 4. My tests indicate that LimeFX’s trading fees exceed the industry average.
Account Types
Hence, the company scammed by limefx is still working on developing a strong brand name that is trusted internationally. It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection. However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place.
How do I access the MetaTrader 4 platform once it has been downloaded?
The webinars are geared towards beginners, intermediate-level, and advanced traders. At the time of my review, there were 5 upcoming webinars, all in Arabic. I quite appreciated that there is detailed personal info about market experts who lead the webinars. Most deposit and withdrawal requests are processed by LimeFX within 24 hours. In most cases, payments to and from LimeFX accounts are free of charge, though third-party banking fees may apply.