limefx review

Yes, limefx holds client funds in segregated accounts at Tier-1 European banks. It also protects eligible retail clients by paying compensation in the event that it fails to reimburse funds due to financial issues. Using Webmoney and local and international bank wire transfers can take from three to five working days.

There are a number of trading features you can expect to find with limefx. Cryptocurrency here can be traded again as CFDs and there are several cryptos available. These are Bitcoin, Ethereum, Ripple, Cardano, Polkadot, Algorand, ChainLink, Solana and Uniswap which are all traded against the USD. limefx has more than 40 major shares available for trading.

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Clients can instantly switch between Day Trading, Forward Trading, Pending Orders, and the easyTrade feature. This is a unique trading ticket that has zero spot spread, the risk is limited, while the reward can be unlimited. The platform also features dealCancellation and Freeze Rate, as well as free guaranteed stop-loss orders. There are also plenty of the so-called exotic pairs that can be traded – they include currencies such as CNH, ZAR, SEK, NOK, and many more.

  • This Plus500 broker review will look through the different parts that make up the Plus500 offering, allowing you to ultimately decide if this broker is a good fit for your needs.
  • Finally, if you are an EU trader, you can further benefit from the ICF fund which provides for an additional amount of up to €20,000 if there is a large scale financial problem.
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Trading times vary by instrument with a typical 24-hour open window Monday to Friday. A full list of market trading hours by instrument can be found on the broker’s website. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors.

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The financial instruments that they have are also diversified and plenty to choose from. Even though the platform is generally easy to use, it does not sacrifice the content that it offers. With the support that is being provided, limefx is showing that they have their clients’ interests in mind. There are multiple avenues in order to communicate with a customer service representative from limefx.

  • However, one thing the app doesn’t offer is the sort of enhanced functionality which MT5 offers.
  • Rest assured, limefx makes the banking or withdrawal process as quick and seamless as possible.
  • Every customer demands transparency and limefx permits the using of an advanced technology – dealCancellation – which allows investors to undo their losing deals up to 1 hour in advance.
  • Because Forex is traditionally seen as a risky means of trading, new users are encouraged to put their skills to the test in limefx’ free demonstration mode first.
  • For those with a little more experience, the “Discover” section looks at popular assets and describes concepts, terminologies and trading history.

If you look around several online trading websites, you’ll notice that limefx offers more commodity trades than most. Metals include the usual gold, silver and copper, but also palladium and platinum. Meanwhile, energy commodities cover a range of oil and gas options, and there are 7 agricultural options with fixed spreads. This account has an indirect minimum deposit, because trading can only be started from a capitalization of $ 25.

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We have scanned fees that limefx charges when trading popular currency pairs, here is their breakdown in pips. With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies. These start from 0.9 pips with trading through the MT4 trading platform. The minimum trade size available at limefx is 1 micro lot. This is equal to 0.01 standard lots or a cash value of $1,000 though it can be less if you are applying leverage on your trading. Forex forwards also known as forex futures can also be traded at limefx.

Is limefx available in Canada?

Online Trading Canada Regulated Broker Forex Cryptos limefx.

These guarantees are free and available on the limefx and MT4/MT5 platforms. This feature lets you freeze a rate on a certain asset for just a few seconds scammed by limefx to give yourself time to get into that position. This is ideal if you are trading volatile markets and spot a low position which may not hold too long.

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With language availability you will find a total of 7 languages available through the broker website. These are English, Chinese, Polish, Arabic, Spanish, German, and Japanese. If you make a mistake and open a position that then starts to lose money on your misjudgement, you can close that position and have your losses refunded for a small fee in many cases. There are also a few more products or features which you may come across during your time trading at limefx.

  • Before deciding to trade foreign exchange you should carefully consider your limefx objectives, level of experience and risk appetite.
  • Vanilla options are also available for trading at limefx and options on forex, commodities, shares, indices, and crypto are all available.
  • Trading costs can vary dependent on the type of account the user opts for, and spreads are fixed across both the web platform and MT4.
  • These are English, Chinese, Polish, Arabic, Spanish, German, and Japanese.

Just be sure to read all the signup documentation so you are clear before starting to trade. At limefx you will also find a couple of very unique features. On the other side, there are plenty of limefx advantages to note. Among these is the huge range of base currencies they make available.

There is also an interesting securities lending aspect to the platform. This allows investors on the Firstrade platform being about to lend their stock positions to financial institutions in return for a side income. This Firstrade broker review looks at all of the various aspects that make up this offering in its current form. When it comes to functionality, MT4 is one of the best options on the market – it is highly customizable, it comes with a great number of analytic tools and features, and it allows automatic trading. Traders can change the overlays and use different technical indicators, while the platform supports tho main types of orders, namely market orders and pending orders. When using the MT4 platform offered by limefx, traders can access more than 80 markets, including Forex, indices, metals, commodities, and cryptocurrencies.

New clients outside the EU receive a first deposit bonus of up to 50% on their initial deposit. Minimum deposits sit at £100, with a minimum credit bonus of £30. Users who make a first deposit between £200 and £1000 will receive the full 50% bonus. As with deposits, limefx offers a variety of ways to withdraw money. Trading costs can vary dependent on the type of account the user opts for, and spreads are fixed across both the web platform and MT4.

When making a deposit, you first need to select the base currency that will be used by your account (i.e. USD). They offer a first deposit bonus in which the client receives 50% or up to a $2000 tradable bonus based on the first deposit . Investors using CFDs as instruments are also exposed to a wider range of markets . They are being utilized by market participants to make bets as to whether the price of the underlying asset will go up or go down. It is a process wherein the resolution between the opening and closing trade prices are settled in cash. It is basically an agreement to exchange the difference in value between the price of a contract when it is opened, and the price when it is closed.

They can be contacted through a web-based live chat, through email, or phone. Again in this area a number of languages are supported and a detailed FAQ section is limefx forex brokers reviews available on the broker website that can help you answer the most common questions. At the moment, limefx does not offer social or copy trading services.

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At limefx, the various account models benefit primarily the provider and not the customer. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.