At a glance, you can see what financial assets are most traded, most volatile, the biggest risers/fallers, and read the latest news. One downside of the web trader is that you cannot set any price alerts. Founded in 2016, LimeFX is a fintech group of companies committed to building the world’s best trading experience.
- The web trading platform has a lot of functionality compared to other brokers.
- LimeFX was founded in 2016, born out of the belief that finance and trading should be more accessible, useful and engaging.
- LimeFX allows investors to trade different commodities, such as gas, oil, coffee beans, and sugar on CFDs.
- Another benefit of the platform is that it provides traders with smart risk management tools allowing traders to control their risk with various stop loss and take profit tools.
- I'll elaborate on this more below, but it's worth mentioning again here that you won't pay any fees (aside from spreads and overnight fees) when you trade CFDs with LimeFX.
The issuer of the ETF directly buys asset or uses derivatives products to replicate the movement in prices of the asset. This has led to a proliferation of ETFs – at the end of 2019 there were 6,970 ETFs on the global market, according to data analytics firm Statista. Trading CFDs can be a risky business, so the principal finding of our LimeFX review is that this is a trading platform best suited to those with some prior experience. However, the ability to explore trading concepts and strategies using the demo account removes some of the risk, making this a useful training resource too.
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It is essential to consider what features are most important to helping you achieve your investing goals. That may be the products offered, safety, fees and additional tools to help your analysis. LimeFX has partnered with customer support experts Zendesk who offer multiple different resources and options for clients to troubleshoot issues, log tickets, and speak directly to representatives. The discover section is well designed and gives the user a very concise but helpful snapshot of the market.
- The plus point is that by using Margin Call or Stop Loss, the negative balance protection can save you from falling into a negative balance.
- Customer support is pretty good too, you can get in touch via the chat widget on the platform, whatsapp or telegram.
- This has led to a proliferation of ETFs – at the end of 2019 there were 6,970 ETFs on the global market, according to data analytics firm Statista.
- And in case you’re worried about losing money on LimeFX, the broker offers you negative balance protection, which keeps you from losing more money than you’ve invested.
- Read all the information carefully as there is a possibility of accounts lose money in certain cases.
Combine with this some tight spreads and you’ll see that it’s possible to really maximise your profits. For the standard retail account starting spreads are dynamic and vairable depending on the financial instrument in use. But, it is certainly not difficult to begin to realise some healthy profits. A real highlight of this LimeFX review is the fact that the broker doesn’t charge anything at all for making deposits and withdrawals on the site.
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Both platforms are extremely easy to use, though what surprised me the most is how powerful the mobile app is. You can do nearly everything on the mobile app, including complex technical analysis and charting, plus get all the research you could want about a stock right there. There are surprisingly few brokers that allow you to trade both stocks and crypto CFDs in a single place, and LimeFX is one of those brokers. Better yet, rather than having to use complex crypto wallets, you can trade all your crypto CFDs just as you would any other stock right inside the LimeFX trading platform. I'll elaborate on this more below, but it's worth mentioning again here that you won't pay any fees (aside from spreads and overnight fees) when you trade CFDs with LimeFX. Retail investors have more choice than ever when it comes to deciding what broker to trade with.
The material is well-structured, comprehensive, and in-depth, providing traders with good trading ideas. Overall, we were disappointed that LimeFX offers fewer trading tools than most other brokers. LimeFX does not offer support for the mobile version of MT4, but traders can download its in-house platform available on both Android and iOS mobile devices and tablets. LimeFX offers a wide range of deposit and withdrawal methods, and no extra fees are charged. Although there is no account choice at LimeFX, its trading fees are lower than other similar brokers.
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If you find you need to speak to a customer service representative, the fastest response times are from the live chat option, which should connect you to someone within minutes. You can also fill out a form, email support or call them on the phone, according to your preference. During the course of preparing our LimeFX review we discovered that signing up to the broker gives you access to three separate types of account. Each one is governed by the amount of money you decide to trade, so you can chop and change according to your circumstances.
It is always possible to sustain a loss of some or all of an initial investment. LimeFX is a relatively new broker but has already attracted over 360,000 clients. They offer an extensive range of educational material and research tools, the only drawback is that there is no choice of the trading platform and MetaTrader4 is not available with this broker. Although the contract for differences (CFDs) trading is a method of offshoot trading that allows traders to gamble on the rising or falling prices of fast-moving global financial markets.
Deposits and Withdrawals
Although there are no options for buying and selling cryptocurrencies at LimeFX, you can trade crypto CFDs across the site. An account balance of more than USD 10,000 awards you Premier account status, giving you all the benefits of the Plus account as well as some additional advantages. You’ll be given exclusive access to webinars and premier events, helping you improve your https://limefx.group/ trading techniques and strategies with some invaluable insights. And if you decide to download one of the dedicated apps, which are available for Android and iOS devices, you could have your new account set up within just a few minutes! The site has won awards for its clean and clear interface and uncluttered design ethos, making it exceptionally easy to find your way around.
Is LimeFX a good broker?
Is LimeFX safe? LimeFX is considered trusted, with an overall Trust Score of 85 out of 99. LimeFX is not publicly traded and does not operate a bank. LimeFX is authorised by two tier-1 regulators (high trust) and one tier-2 regulator (average trust).
If you want more info on spreads, commissions and financing rates, we compiled a detailed breakdown of how much trades cost at LimeFX. Deposit times for online wallets and debit/credit cards range from instant to a few hours. Withdrawal times range from one business day to several days, depending on the method used. The last part limefx company reviews of the setup process involves uploading personal ID such as a passport, driver’s license, or national ID card and proof of residence (bank statement, utility bill, etc.). For some the videos alone will make LimeFX stand out from the crowd and the team are to be applauded for their commitment to educational resources and tools.
How long does it take to withdraw money from LimeFX?
To give you a brief summary: LimeFX is a global CFD broker, regulated by the FCA, CySEC, FSA, and ASIC. THE ESSENCE: LimeFX charges $0 for withdrawal. The withdrawal process is usually executed within 1 day.