The spreads on platinum and palladium are, of course, higher since palladium is not only 30 times as rare as gold but also more valuable than gold. Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts. Traders should also consider potential third-party processing costs and currency conversion fees.
Tradable Instruments
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. limefx website Due to the high volume, liquidity, and leveraged positions, Forex provides great speculative opportunities and is preferred by many traders. LimeFx is the trade name of Notesco Limited, a company registered in Bermuda and headquartered in Cyprus.
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The agents are generally knowledgeable though they seem to struggle when communicating more complex information in English. Certain features, such as the one-click trading option and depth of market tool, enhance the platform’s overall performance. They allow traders to easily examine the current market behavior and enter into trades quickly. Round-turn commission, meaning that a trader’s costs will remain constant regardless of the underlying market sentiment.
Experience a highly competitive CFD trading environment
I found these accounts most suitable for experienced high-frequency traders looking for the most competitive prices. LimeFx offers multiple accounts with widely diverging pricing mechanisms. I measured the spreads, swaps, and commissions on its No Commission account and compared the offering to the other 6 account types. I also compared LimeFx’s trading and non-trading fees to other brokers and found out that, as a whole, they fall below the industry average. The broker does not charge deposits and withdrawals, and it does not have an inactivity fee. 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.
Desktop Experience
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. My tests indicate that LimeFx’s floating spread accounts are slightly more competitive than the fixed spread alternatives in normal market conditions. However, this may change at times of heightened market volatility as floating spreads tend to rise at such times.
You can use it to gauge interactions on social media for instruments from several asset classes – cryptos, shares, currencies, commodities, and indices. Essentially, the broker lends the trader https://limefx.group/ money so that the latter can open bigger-sized positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.
The broker also provides email and telephone support on a 24/5 basis throughout the trading week in 45 different languages. LimeFx gives its clients great exposure to global markets and industry-leading companies from the United States, Europe, the United Kingdom, and more. CFDs are available on shares by Walt Disney, Cisco Systems, Facebook, JPMorgan Chase & Co., HP, Apple, HSBC, eBay, Google, Lloyds, Samsung Electronics, Airbus, and many more.
- To access this feature, you must apply for a bank withdrawal from your client portal.
- You can reach customer support directly on the LimeFx website through its live chat feature.
- It asks for name, e-mail, phone number, country of residence and knowledge and experience.
- The account is equally suitable for high-volume and high-frequency trading.
LimeFx charges a fixed commission on two of its account types – Live Zero Fixed and Zero Spread. For the former, there is a $18 round-turn commission per traded lot (100,000 units), whereas the latter has a $10 round-turn commission per traded lot. 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. Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection.
Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the LimeFx account name. Some payment processors have geographic restrictions, but the LimeFx back office will only list the ones available to traders. LimeFx notes the availability of 80+ currency pairs, making it an ideal Forex broker. Traders also get 15+ commodity CFDs, 20+ index CFDs, 30+ futures, and 150+ equity CFDs. I find the well-balanced asset selection suitable for most retail Forex and equity traders requiring fewer but highly liquid trading instruments, like day traders.
VPS hosting exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
What I thought very useful is that some of the available instruments are denominated in different currencies. For instance, you can trade XAUUSD (Gold vs. US Dollar) or XAUEUR (Gold vs. Euro). Traders can avoid paying conversion fees when trading with instruments denominated in their account currency.