They can keep it in-house (and therefore effectively take the other side of the trade to the client), or they can push the risk out to liquidity providers. There is no way of knowing how much risk a dealing desk broker such as LimeFx would take on. There is no way of knowing how often, if at all, LimeFx trades against its clients.
- Exotic pairs tend to be traded less frequently, in comparison to majors.
- So when one falls, another one rises as the price denomination of any currency is always stated against another currency.
- During the registration process, one of the questions is which trading platform you want to use.
- Anything above this amount can then be transferred via bank wire or e-wallet for the remaining transfer of funds.
- LimeFx delivers a full investing experience with easy-to-usetrading platforms like MT4 and MT5, as well as a vast range of learning toolsfor all skill levels.
Many brokers will have between 20 and 30 different commodities to trade. This is an impressive selection of stock CFDs and is beyond the offering of most brokers. limefx LimeFx is a group of brokers operating in jurisdictions around the world under the umbrella of the parent company Trading Point of Financial Instruments Ltd.
The conventional way of judging the quality of regulation that a broker holds that the more the merrier. LimeFx has been gradually expanding its regulatory licenses over the years and is now up to three. Starting with the regulation in Cyprus (which covers the EU’s ESMA regulation), expansion has included Australia (a strong, tier-one jurisdiction) and latterly in Belize.
Forex Trading via a Broker
With great customer support, excellent research and education content and negative balance protection, LimeFx is certainly great for beginner traders. LimeFx provides CFD trading, which allows traders to speculate on the price movements of these assets without actually owning them. This account offers you the opportunity to directly invest in some of the leading stocks around the world.
LimeFx gives new and currentclients different trading bonuses that give them additional capital andconfidence. For example, there is a $30 No payment Bonus for new clients whowant to start trading without making a down payment. LimeFx is regulated by CySEC,ASIC, FSC and DFSA, which are all well-known regulatory authorities, ensuringclient security, capital requirements, and transparency. Lower overall spreads can be achieved by LimeFx as they are the sole dealer in every single trade. There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps. LimeFx was first started back in 2009 in London and now they have an offering of more than 400 different instruments.
As such, an LimeFx client sells one currency against another at a current market rate. LimeFx TV is a great addition for videos whilst podcasts are also now on the site. LimeFx has also really put the effort in when it comes to Research and Education. The website is jam-packed with content to give traders the most assistance they could ask for on their journey. Some brokers will charge for additional withdrawals in a month, regardless of the method. The fact that LimeFx does not charge for withdrawals helps to keep costs down for the trader.
Tailored to Your Trading Journey
These licenses allow LimeFx to offer services to traders in different parts of the world. Thanks to the CySEC license, this broker has access to the whole European market, while the license from Belize allows it to offer services to numerous jurisdictions around the world. LimeFx is known for charging very low fees and the spreads on major pairs start from as low as 0.6 pips. In today’s LimeFx review, we are going to discuss all the important aspects that make this broker one of the leading companies in the Forex industry. You want a regulated broker with low spreads, low minimum lot size, outstanding execution, technical tools, and flexible leverage. LimeFx offers traders a wide range of learningresources and tools to help them stay up to date on the markets and makeinformed trading decisions.
As you see below, you will be required to provide detailed information about yourself, which includes your first name, last name, phone number, location, email, etc. This account is a perfect fit for those who follow strict sharia law and they pay a fixed fee instead of swaps. This type of fee is not an interest payment and fully depends on the direction of your order. Because of the way it works, it is also sometimes referred to as a swap-free account. Among the indices available on LimeFx are AUS200Cash, SWI20Cash, US500Cash, and many others. As a client moves up theirloyalty levels, they earn more LimeFx Points, which they can use to improve theirtrading experience.
Standard account of LimeFx
LimeFx claims to speak over 25 languages and customer support is available through all the usual channels. However, we are especially impressed by the human contact that is available and is an excellent service for novice traders. It is difficult to think of what they could do more to support their customers. Dealing desk brokers can manage the risk of their clients’ trades in two ways.
This means that the broker will automatically close all of your positions in order to avoid your balance going into a negative. Pleasenote that deposit and withdrawal methods vary based on client location. Spreads are the differencebetween the prices at which you can buy and sell a currency pair and can changedepending on the state of the market, the type of account chosen, and thecurrency pairs being traded. The Micro account is best suited to beginners, with the standard account being ideal for flexible traders. The LimeFx Zero account generally is best suited for regular traders or those who place significant trades.
In order to be able to trade, it is required to open an account and hold currency A and then exchange currency A for currency B either for a long term or a short-term trade, with the ultimate goal varying accordingly. Forex trading, also known by the name https://limefx.group/ of currency trading or FX trading, refers to buying a particular currency while selling another in exchange. Trading Point of Financial Instruments Limited provides investment and ancillary services to residents of the European Economic Area (EEA).
While this is a very common way of trading stocks today, not everyone is really into this strategy. For those who prefer not trading CFDs, LimeFx offers a special “Share Account”, which allows traders to buy and sell shares of leading companies directly. LimeFx’s most famous tradingplatforms are MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Traders can use severaltools and features on these sites to improve their investment experience.
After this, you will create an account password and confirm the registration. The first step that you will have to take is to sit back and think about which account you want to create. For this, you will first have to understand what your interests are in the Forex trading market and choose the account that fits these interests best. This includes the largest and best-known indices around the world, representing industries of countries like the US. One of the policies that LimeFx follows is negative balance protection, which is specifically important for those who use leverage when trading.