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. Clients of Lime Fx are offered instantaneous access to indicators and advanced charting and trade futures with CFDs either through MetaTrader4 or WebMetaTrader.
What makes this brokerage firm stand out from the competition is it provides traders with spreads starting from as low as 0.0 pips, flexible leverage, fast execution, and fast deposits and withdrawals. The brokerage office offers a good line of trading instruments to decide between, including futures, commodities, metals, indices, Forex, and shares. At Lime Fx we provide the tools and support to help you develop your trading skills and unlock your potential. You can take advantage of our excellent trading conditions and products, including a wide range of accounts and flexible spreads across a range of assets. Join us and choose the account type that best suits your needs and start trading with competitive spreads.
Traders can go for spot equity indices like NETH25Cash, UK100Cash, UK250Cash, JPY225Cash, and SWE30Cash. Spot energy commodities like WTICash, NAT.GASCash, and BRENTCash are also among the indices traders can deal with. Due to regulatory restrictions, Lime Fx does not accept customers from several jurisdictions, including North Korea, Sudan, Cuba, Syria, the US, and Iran. Additionally, the broker does not target residents of EU countries where it is not licensed.
Lime Fx’s MetaTrader 4 is created to take your trading experience to the next level as traders will benefit from premium conditions, mobile trading, flexible leverage, and several account types. To ensure that traders will be able to gain access to a variety of assets through CFDs seamlessly, the brokerage firm provides reliable technologies and a number of tools and services. Lime Fx provides a range of account types to ensure that finding a type that suits their requirements and trading needs will be a breeze. You can choose between Standard, Privilege, Premium, and Cent accounts that all give traders access to CFDS on futures, shares, metals, indices, Forex, and commodities. While considering which account best suits their requirements, traders should think about their initial investment, their risk tolerance, as well as the time they have to trade. Lime Fx is a well-established online trading platform that offers a compelling range of features and benefits to traders.
Accounts Comparison
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. It is only natural that traders want to have a well-regulated and trusted broker by their side, and because of this, it is a must to check the regulator which oversees its operations. Lime Fx is a brokerage firm, which is licensed and regulated by the Seychelles Financial Services Authority with license number SD029. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. It’s essential to note that the same payment method used for deposits must also be used for withdrawals.
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. Lime Fx allows its clients to participate in the $6.6 trillion-a-day FX market using the leading MetaTrader4 trading platform. In the case of no activity, including funding or trading, within one year, the company reserves the right to charge an annual administrative fee of $50 (or limefx reviews currency equivalent). In case the client’s account balance is below $50 (or currency equivalent), the company will charge any remaining balance and archive the client’s account.
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. 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. 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. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
Lime Fx Platforms Summary
Traders will get instant access to advanced charting and indicators and trade CFDs on the MetaTrader4 platform or while using WebMetaTrader, which also provides a user-friendly interface and full functionality. To ensure that its clients will be able to make informed trading decisions and improve their trading skills, Lime Fx’s recently launched Academy service gives them access to webinars, eBooks, podcasts, and videos. We provide broker reviews and ratings to help users find a suitable broker according to their own needs.
- Cent accounts might be better suited for total novices, and they have a lot in common with live accounts.
- In conclusion, Lime Fx ranks favorably among its peers, offering traders a reliable and safe environment to access a wide range of financial markets with confidence.
- 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.
- One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.
- The Privilege account, as the name suggests, features the most favorable trading conditions, but the minimum deposit requirement is quite elevated.
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. Traders can use the demo account for as long as they prefer as there is no limit on the time it will be valid for. When clients of Lime Fx are ready to switch to a live account, they should get ready to undergo a verification of their identity.
Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?
These products may not be suitable for everyone and you should ensure that you understand the risks involved. 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. Customers of Lime Fx limefx forex broker can trade CFDs on global spot indices such as the German DAX or Aussie 200.
Supported Languages
If traders choose to contact the customer support hosts via live chat, they need to decide if they want to get assistance in English, French, Spanish, Chinese, or Arabic. As for withdrawals, clients of the brokerage firm can make use of most of the payment processors we just mentioned. While transferring funds from your trading account, you need to bear in mind that all withdrawal requests are first reviewed and approved, which might take up to 24 hours. Whatever traders’ experience is, they can start exploring trading opportunities while they are out and about after they scan the QR codes that are available on the brokerage firm’s website.
Traders who access the platform on their computer will also be given access to all order types and execution modes and can monitor Forex rates and prices of financial instruments. Offering a secure trading environment with no requotes and fast execution, MetaTrader 4, which is also known as MT4, is an online trading platform that can suit the requirements of experienced traders and total novices. We’re dedicated to providing our clients with a wide range of educational materials, and we’re thrilled to hear that you have found them helpful. We believe that education is a crucial aspect of successful trading, and we’re here to support you in your journey. Lime Fx seeks to provide its clients with an unparalleled trading experience and works hard to cater to the needs and requirements of its customers by providing them with efficient multi-lingual customer care.
For example, if you buy a CFD on gold, you speculate on the price movement of gold, without owning any actual gold. The minimum contract size for the offered futures is 0.01, with the only exception being coffee, for which the minimum contract size stands at 18.75 USD. In the case of Lime Fx, its regulation by the Seychelles FSA is a positive aspect, as it signifies adherence to recognized standards in the industry. This regulation ensures that Lime Fx operates in a transparent and compliant manner. Investors can have confidence that their funds are protected and that the broker is subject to oversight to prevent malpractice.