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.
LimeFx’s Trading Fees
It is vitally important for a chart to be as clear and informative as possible and allow traders to manipulate price action freely by scaling it up and down. Additionally, a good chart should be supplemented by a broad range of technical indicators, drawing tools, and other such instruments to accommodate technical analysis. In my experience, the charts screen is probably the most important component of every platform. It is the window through which traders can observe price action behavior and understand where the market might be headed next.
EUR/USD
The broker’s well-rounded selection of lower-risk securities alongside higher-risk/high-yield assets makes it a fitting choice for diverse trading strategies, including hedging and scalping. I evaluated LimeFx’s fixed/floating spread and STP/ECN account types across multiple factors and discovered certain important differences. As shown above, the latter tend to have more favorable spreads and commissions. I found these accounts most suitable for experienced high-frequency traders looking for the most competitive prices. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures.
Trading Conditions
Several account types allow retail clients to bypass LimeFx’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. The broker does not have a huge range of commodity markets but it offers trade on the most popular ones. Along with trade on spot metals and spot energy commodities, it also gives its clients the opportunity to trade commodity futures. Futures contracts allow traders to make a profit from the price margin before the closing date determined in the contract. CFDs on commodity futures are extremely flexible and convenient for traders compared to trading and owning the physical commodities themselves.
Is LimeFx suitable for spread betting?
I received a rather terse explanation that LimeFx averages speeds of under 50 milliseconds on most orders, without any further context. I had expected to learn more about the total number of trades that were tested over the previous year, the percentages of trades that resulted in positive and negative slippage, etc. It is even more cumbersome than the platform’s desktop version, and carrying out sophisticated technical analyses on a small-screened device is virtually impossible. However, I consider the lack of an instruments search tool to be the biggest drawback of the platform. You have to scroll through the entire list of available instruments in order to find the asset you are looking for, which I find tedious and unnecessary.
- On the whole, the ongoing trading costs are higher than average across all seven accounts, with most accounts requiring a minimum initial deposit of at least 500 USD.
- They provide a variety of professional accounts, introducing broker bran…
- MetaTrader 4 or MT4 can be downloaded directly from the LimeFx website for those who prefer the downloadable software package.
- Overall, LimeFx’s non-trading fees are high when compared to other brokers.
STP (Straight Through Processing) execution does not include commission (the commission is within the spread) and these types of trades are forwarded directly to liquidity providers. With CFD on shares, traders can invest in some of the largest and most successful companies in the world without actually owning any company stock. This type of trading allows investors to speculate and make a profit by taking long or short positions, use leverage and enjoy tight spreads and a 0.10% commission taken by limefx. Besides, shares, especially when traded from long-term positions, are very stable and provide a reliable generation of profit. LimeFx provides 24/5 support, email, and live chat for prospective and existing clients in over 180 countries and in 30 different languages, and in chat was responsive during several contact attempts. A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves.
Round-turn means that half of the commission ($9 in the first case and $5 in the second) is charged when a position is opened, and the other half is then charged when the position is closed. The values listed below are for one full contract (100,000 units) of the base currency. In our tests for the Trust category, we also cover factors relating to stability and transparency.
I did as I was told and sent an email to the address that the agent provided. When we test a broker’s customer support team, we evaluate the agents’ knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. Phone support is available only to active clients with their account managers. We performed our tests on a No Commission account using the MetaTrader 4 desktop platform and its mobile app.
The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. In my experience, market execution is better suited for day trading and position trading strategies where volume is important. But it is less so for intraday trading strategies, such as scalping, where precise order filling is more important. Also, withdrawals from accounts on which there have been no executed trades are liable for a 20% transaction fee charged by LimeFx.
With more than $3 trillion traded daily, the foreign exchange market or Forex is the largest financial market and the most popular option for retail traders. Trading is conducted 24 hours a day, except during the weekends, offering great flexibility to traders. Due to the high volume, liquidity, and leveraged positions, Forex provides great speculative opportunities and is preferred by many traders.
Overall, because of its strong regulation with some of the best international, a long history of responsible behaviour, and wide industry acclaim, LimeFx is considered a safe broker to trade with. The LimeFx website is available in many different languages, while the MT4 platform can be opened in even more, which makes it suitable for traders from all over the world. When registering their account, LimeFx can opt for the following languages – English, German, Spanish, French, Italian, Portuguese, Polish, Russian, Japanese, Arabic, Korean, and Chinese. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Whereas more experienced traders can always find something new to add to their skills and improve their knowledge. The blog is where you can access more articles and opinion pieces to get a broader perspective on what is driving the market.
UK residents will be trading under the subsidiary, Notesco Ltd (UK), authorised and regulated by the FCA in the United Kingdom. I do not really have much experience trading, bit I have found it pretty easy to navigate using this broker. But https://limefx.name/ to be fair, I am still focusing on the forex majors, because that is what I was told to do… Also I’m only going with higher timeframes, never scalping.The educational materials here have been incredible in helping me find a footing.
I achieved great progress just by following their webinars.Also, what keeps me here is their constant improvements and introducing new features. The Vip trading room is a relatively new offer and it is incredibly useful.I recommend checking it out. For the purposes of this review, we found the customer support responsive but uninformed. They were unable to answer many of our questions and seemed generally confused. Overall, LimeFx’s tools are severely limited and its VPS service requires a high minimum deposit. Although LimeFx does not charge fees for deposits, it charges high fees for some withdrawal methods.
LimeFx is one of the most reputable Forex, CFD, Stock and Crypto trading brokers that has many offices around the world and is available to investors in Europe, UK, Australia, and more. It offers more than 200 trading instruments across 6 different asset classes, including Forex, metals, indices, commodities, futures, and shares. The broker promises 24/5 multilingual support, ultra-fast execution of trades within milliseconds, and the lowest market spreads, starting from 0.0 pips. LimeFx offers multiple accounts with widely diverging pricing mechanisms.
There is a limited capacity to scale price action up and down in order to gain a sense of the prevailing market sentiment. The platform also supports one-click trading, which allows traders to execute orders fairly quickly. LimeFx Academy provides impressive educational features for smaller and less-skilled traders.
