Their customer service is top-notch, adding to their professional approach. LimeFX offers excellent trading services with a platform that is not only easy to use but also rich in features. Their accurate market insights have been invaluable for making informed trading decisions. LimeFX offers reliable trading services with a seamless platform and excellent market analysis. LimeFX platforms incorporate advanced charting tools, promote ease of use, and support algorithmic trading. Although not proprietary, the platforms provide opportunities for copy trading, allowing users to replicate successful strategies from other traders.
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Founded in 2011, LimeFX holds a regulatory license in Europe via its Cyprus-based entity – LimeFX Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, LimeFX provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). Brent and WTI (West Texas Intermediate) crude oil are two of the most significant commodities traded worldwide, often referred to as ‘black gold’. They are attractive assets for beginners because of their liquidity and frequent price movements, allowing for opportunities to profit in both rising and falling markets.
Currency Conversion Fees
Diversifying also allows traders to take advantage of different market conditions. For instance, when gold prices rise during times of uncertainty, oil may experience price drops due to falling demand. For beginner traders,diversification is an essential risk management strategy. Instead of puttingtheir whole capital into one asset, such as gold or oil, they limefx website can spread theirinvestment across multiple assets, reducing the risk of large losses. Diversifyingalso allows traders to take advantage of different market conditions. Forinstance, when gold prices rise during times of uncertainty, oil may experienceprice drops due to falling demand.
What are the withdrawal fees at LimeFX?
Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money. The MetaTrader 5 mobile app also provides many order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop.
Does LimeFX offer trading in major, minor, and exotic Forex pairs?
Over a week-long testing period, I probed customer support with dozens of inquiries, ranging from available tools to fees and questions relating to the security of client accounts. I was surprised at how fast the responses were, and the agents went the extra mile to provide the information I sought. LimeFX offers a variety of trading instruments, including CFDs on all the major asset classes— forex, commodities, indices, shares, and cryptocurrencies. LimeFX has a strong selection of CFDs on cryptocurrencies, numbering 30 in total. The range of available CFDs on indices is also better than average.
Futures Fees
The figures below reflect the available leverage at the offshore entity of LimeFX. In our tests for the Trust category, we also cover factors limefx scammers relating to stability and financial strength. Here, we focus on how long the broker has been in business, what is the company size, and how transparent the broker overall. The following table summarizes the products available to LimeFX clients.
- One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage.
- Their platform’s ease of navigation and excellent customer support make them a standout choice for traders.
- Users of the LimeFX App should anticipate a smooth transition from desktop to mobile, allowing them to research markets, make trades, and monitor positions at any time and from any location.
- LimeFX helps traders by offering a strong instrument called leverage.
- Their trading tools are effective and their customer support is responsive and helpful.
However, it’s important to note that LimeFX does not currently offer trading in stocks, ETFs, futures, bonds, or options. In terms of commodities, LimeFX presents opportunities to trade in energy products, precious metals, and others. For those interested in trading indices, LimeFX provides access to some of the world’s major indices. Forex trading is a major focus, with over 52 currency pairs available, encompassing major, minor, and some exotic pairs. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.