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This means that they have control over their clients risk and can ensure that their accounts don’t enter negative balance territory. Keeping true to the “easy” mantra, the easyTrade feature is perhaps one of the simplest ways for a new trader to start using the broker. From a technical perspective, this is very much the same as a vanilla option. When it comes to easyMarket’s spreads, they differ quite a bit and will depend on a few factors. This includes things such as your account, the platform used and the asset / instrument traded.
The content on this website is provided for informational purposes only and isn’t intended to constitute professional financial advice. Trading any financial instrument involves a significant risk of loss. Commodity.com is not liable for any damages arising out of the use of its contents. When evaluating online brokers, always consult the broker’s website. Commodity.com makes no warranty that its content will be accurate, timely, useful, or reliable.
Forex Scams
For users just getting started trading, the minimum account deposit is quite low at just $100, meaning it is relatively easy to get started trading with them. The broker gives you multiple ways to trade on multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs & ETFs. I found the range of financial instruments to be reasonable, especially in terms of currency pairs. It is great that they offer cryptos as these are becoming more and more popular for trading nowadays. However, with a total of just 200+ instruments, they are far off the likes of IG who have over 17,000 tradeable assets in comparison. Client funds are held in segregated top tier global bank accounts away from the company funds so that they cannot be used for any other purpose.
Though there are always chances of improvement, we would say that LimeFx is worth considering. We hope that this LimeFx review might help before you start trading. But, you can also read LimeFx reviews in the market before you trade with it. Due to regulatory oversight, the forex broker is regularly audited and is considered safe for trading.
However, traders will appreciate the fact that LimeFx offers fixed spreads on most of its accounts, making it easy to calculate its trading costs. LimeFx has countered the shortage of LimeFx into MT4 by creating their proprietary webtrader, advertised as an intuitive, powerful, and simplified trading platform. Two of the core features marketed by this broker, dealCancellation and Freeze Rate, are exclusively granted in this platform. The LimeFx webtrader also comes with a hidden cost to traders in the form of higher spreads, which is quite unfortunate, and may serve as a deterrent from traders choosing this option.
Open your free Demo Account with LimeFx
And that is also presented by the availability of trading vanilla options, which allow you to hedge against volatility and perform long-term trading. Log into your account and go to My LimeFx Funds Management. If you have deposited via credit or debit card, your funds will be returned to limefx scammers the same card. Our Ranked LimeFx Trust Score is 8.8 out 0f 10 for good reputation and high compliance with the jurisdiction, the broker is regulated by two top-tier regulators with strong requirements. The only disadvantage is international trading available via the offshore entity.
Traders can select over 175 products ranging from currencies, commodities and metals, to options, using their desktops, tablets or smartphone devices with account. Easy-forex offers a wide range of Energy Commodities including WTI Crude Oil, Brent, Natural Gas, Heating oil and Gasoil. There are also several energy commodity pairs such as HEO / USD, OIL / USD and others.
This price will depend on the asset as well as the volatility present in the markets at the time of the trade. This is actually a really advanced platform and gives you a host of features that are essential to an option trader. For example you can plot out the option graphs and run pay-out scenarios based on the price. All these accounts also have a live telephone support option as well as an account manager. The minimum that you can deposit for any of the accounts is $100. Then you also have a premium account that requires a deposit of $2,000 and a VIP account which requires $10,000.
With 74% operating accounts at a loss, the cash flow remains substantial. This broker additionally levies excessive mark-ups on spreads. The broker’s attempt at providing research is less than ideal, even though the education section is respectable.
LimeFx Platform and Tools
Under the menu, there is another “Deposit Funds” option along with a demo/live account toggle and live chat functionality. This panel contains the live prices and symbols of popular instruments traded on LimeFx. Traders can search for a particular instrument via a search box, or navigate by category through the different asset classes.
- Invest in rising or falling markets in selecting either buy or sell to open a position.
- LimeFx claims to offer simple trading, honesty, and transparency to its clients.
- We have previously done a post that goes into the mechanics of options a bit more in-depth.
- Ask to get answers from the LimeFx staff and other customers.
- Economic Indicators is an excellent interactive breakdown of the various economic indicators (e.g. TIC data, PMI, etc.) and their relative effect on markets.
It seems that they have spent their 19 years in operation honing a comprehensive yet simplistic trading experience for traders of all stripes. If you prefer to download offline content to read later then there is an extensive range of eBooks. These are completely free and you can even download them now from their website.
More so, its innovative business model provides one safe trading conditions for investors in the events of high risk market volatility and events of international economic crises. You can trade limefx review over 200 assets in a wide variety of markets at LimeFx. Assets and contracts for difference include forex, cryptocurrencies, metals and other commodities, indices and vanilla options.
Does LimeFx offer the MetaTrader Trading Platform?
It was developed by trading software company MetaQuotes, is available in multiple languages and free to download. You can choose from over 150+ markets with the simple day trading tickets. Features include the ability to cancel a losing trade within an hour for a small fee using dealCancellation.
We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the LimeFx offering. Each one of these is graded, and an overall score is calculated and assigned to the broker. The Free eBooks section is a repository of 10 eBooks available to LimeFx clients – topics covered include technical analysis, trading psychology, MT4 guides, and vanilla options. If you are more accustomed to learning through reading this is an invaluable resource.
Nonetheless, this does not mean that traders lack sufficient tools to analyze, gather insight, and assist efficient trade executions while on-the-go. The execution screen has a simple design where traders can set amounts, risk limits and dealCancelation rates with the slide of a finger. Traders can contact LimeFx customer service for more information by phone, fax, email, live chat, or directly through the company’s worldwide offices.
Since 2001, LimeFx has been offering traders around the world innovative features, versatile trading platforms and over 200+ global markets. They are an award winning and established broker that is under strict regulation from multiple regulators. This means that you can trade in a secure environment and get access to very competitive trading conditions.
Commodities available to trade include oil, gas, wheat, coffee and sugar. Commodity trading is a popular way to diversify a portfolio and is primarily driven by supply and demand. Forex trading is a massive global market with over $5.3 trillion in currency exchanged every day.
Since 2001, we strive to ensure that our traders receive the best possible trading conditions, products and services. On our platform, we provide fixed spreads which never change regardless the market volatility and you always know the spread you are paying before opening a deal. Likewise, the guaranteed stop loss that we offer on our web platform helps you control your risk on every trade so you never lose more capital than willing to risk.
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