The company’s current promotions include its Iron Worlds Championship live trading competition held from mid-June 2021 until mid-December 2021. This competition has a $1 million prize pool with multiple prizes awarded to winners at different stages of the competition. Keep in mind that the dealing spreads above refer to normal market conditions.
Choose your Deposit Booster
The application also asks traders to select their account type, base currency, followed by the desired password for the back office. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. The LimeFx group presents clients with two regulated trading entities and maintains a secure trading environment. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
Does LimeFx accept US clients?
- Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers.
- MetaTrader 4 or MT4 can be downloaded directly from the LimeFx website for those who prefer the downloadable software package.
- LimeFx offers demo accounts that introduce traders to the broker’s services and allows them to tweak their strategies in a risk-free environment.
- Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading.
- This may be a weak point for the broker but it should not bother traders, especially since MT4 is familiar to most of them.
LimeFx offers trading on copper futures, as well as energy futures – US light sweet Crude oil, Brent Crude oil, and natural gas. Unlike hard commodities like metals and oil, soft commodities are typically agricultural products that are being grown rather than mined. The soft commodity futures on LimeFx include cord, wheat, rice, soybeans, coffee, cocoa, sugar, and cotton. 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. Indices represent the collective value of underlying publicly-traded companies.
Tools & Features
In addition, the broker accepts several instant banking transfer services, which are available locally – Union Pay for Chinese customers, DotPay for Polish traders, etc. Traders can deposit funds into their accounts via a wide range of payment methods, including traditional options limefx forex broker such as bank wire and credit/debit cards. While credit card deposits are usually instant, transfers via bank wire may take up to 3 working days to appear in the trading account of the client. The most ignored trading costs are swap rates on leveraged overnight positions.
Is LimeFx suitable for spread betting?
Articles in this section underpin major economic developments and the underlying factors driving price action. Technical, fundamental, and psychological analyses are implemented to provide a balanced and well-researched picture of current trading opportunities. What stood out the most to me in LimeFx’s offering is its comprehensive research content.
Range of Assets
Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. To sum it all up, LimeFx is a well-calibrated broker with a balanced offering suitable for both beginners and https://limefx.group/ experienced traders. You can use the filters of the calendar to search for events depending on their expected market impact. Live news feed helps traders stay on top of the latest market developments. Each piece is light and easy to grasp, containing no more than 2-3 sentences.
While LimeFx offers sizable first deposit bonuses, that bonus money cannot be withdrawn. Also, pricing for most services is slightly higher or on a par with other major forex brokers. The lack of 2-tier platform authentication and guaranteed stop-losses could be a problem if your account gets hacked or your stop-loss gets filled in a volatile market.
The blog is where you can access more articles and opinion pieces to get a broader perspective on what is driving the market. Materials in the website’s blog section are written in support of the rest of the technical and fundamental content. MetaTrader became the first successful retail platform, pretty much setting the benchmark for what should be incorporated into such a platform.
You can manage online orders, positions and equity on potentially unlimited accounts with one-click order entry. The platform will also provide you with fully transparent activity reports and live monitoring of market prices and forex rates. We offer a variety of trading accounts to meet your needs and style of trading. Choose between Live and STP/ECN trading accounts and enjoy the benefits of forex trading through the industry-leading MT4 online trading platform.
I checked LimeFx’s multiple educational materials and found them highly practical. There is something for everybody, from the seasoned expert to the novice rookie. Content covers essential trading topics, such as technical and fundamental analyses, risk management, and trading psychology. The Market Buzz feature is a tool used for fundamental analysis and trading on volatility outbursts.