LimeFX opened for business in Cyprus in 2010 and has now expanded into more than 180 countries. In addition to EU regulation through the Cyprus Securities and Exchange Commission (CySEC), they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa. LimeFX has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional venues. This website is not directed at EU residents and falls outside the European and limefx company reviews MiFID II regulatory framework. LimeFX does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea.

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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 offers CFDs on popular indices, including DAX, S&P 500, Nasdaq, Dow Jones, Euro Stoxx 50, FTSE 100, France CAC40, and many more. Margin requirements on index CFDs are as low as 1%, which means that traders who have a capital of only $100 can control a $10,000 position. There are a number of other benefits for those who wish to speculate on market indices – high volatility, low costs, and leverage, which gives traders more flexibility.

LimeFX incorporates MetaTrader 4, which is quite popular among beginners for its simplistic design though I find it outclassed by newer and more user-friendly platforms. LimeFX also has its proprietary app, which surpasses MT4’s equivalent in functionality. LimeFX charges above-average swaps, though this can also be partially explained by heightened volatility at the time of my review. It is also worth pointing out that the broker permits swap-free trading via its Islamic accounts.

I checked the usability of the mobile app version of MT4 by testing how long it would take me to do just that. In just a few seconds, I was able to log into my account, go to my open orders, and adjust the parameters (move the stop-loss) of a trade. 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.

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Its entry threshold is low, and this is an accessible platform which appeals to new traders like me.But what makes them even better is the trading academy provided. I would have saved so many hours of watching useless trading videos on YouTube. 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.

How do I withdraw money from LimeFX?

Client funds are segregated from company limefx company reviews funds, reducing the potential for misuse. They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types. They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules. Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader's one-time passwords (OTP).

1. With STP or ECN accounts, clients’ orders are not processed by the dealing desk and are instead forwarded to the interbank market.
2. Additionally, all the safety mechanisms, execution methods, and standards are explained in detail in LimeFX’s Client Agreement.
3. Provided by Trading Central, the Technical Views section affords a more detailed insight into current trading opportunities.
4. This type of content is not intended to delve deep into the subject matter but rather to help traders screen potential opportunities as they emerge.

Futures

Additionally, all the safety mechanisms, execution methods, and standards are explained in detail in LimeFX’s Client Agreement. The broker entity does have comparatively high maximum leverage, but selecting a multiplier is up to the trader. Less experienced traders do not have to go for the maximum and can instead choose a lot more comfortable leverage.

Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. Traders can deposit funds into their accounts via a wide range of payment methods, including traditional options 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 other alternative is to use the Personal Multi Account Manager (PMAM) but it is available only to professional traders and money managers.