Furthermore, if LimeFx cannot satisfy any repayment claims, eligible UK-based clients can claim up to £85,000 in compensation through the Financial Services Compensation Scheme. On the other hand, it does not support fundamental data such as P/E ratios, market capitalization, and dividend yields. As for the liquidation margin, otherwise referred to as the minimum required margin, this is typically set to 50% of the entry margin, which means that if your account equity drops below this set level, all open positions will be closed.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. All LimeFx traders can access the client-service portal via their live trading account login details. As you would expect, LimeFx’s Active Trader account is ideal for active traders as it offers very competitive spreads when compared to the individual standard trading account.
There are plenty of order types to choose from on the LimeFx platform such as market orders, limit orders as well as some order time limits like GTD and IOC.
So, let’s take a look at the markets and products you can access when trading with LimeFx. It is recommended that all LimeFx users call the trading desk if they cannot access the internet, they fail to receive a confirmation when placing an order online, or they cannot connect to the LimeFx servers. The requirements are that you have an existing LimeFx trading account and that you meet a minimum notional volume bracket of at least $10 million per month. As with any financial transactions, the security of the information being
transmitted is of fundamental importance. The LimeFx MetaTrader 4 Broker software
transmits information to and from the markets on 128-bit encrypted connections.
LimeFx is a UK-based online broker that provides access to CFD and forex trading with tight spreads as low as 1.3 pips on popular currency pairs such as EUR/USD. If you are looking to open an account with LimeFx we recommend reading this thorough broker review beforehand. MetaTrader 4 is one of the most popular forex trading platforms in
the world today. All the necessary trading tools and resources are
on hand to allow traders to conduct research and analysis, enter and
exit trades and even use third-party automated trading software
(Expert Advisors or EA’s). MetaTrader uses its own programming language MQL4, which
allows you to program your own automated trading robots.
Step 2: Login and deposit funds to start online trading with LimeFx
After having completed the application you will be given your login credentials. The quickest method to use when depositing funds to your account is with a credit card or debit card. LimeFx users can buy and sell 40 different currency pairs including majors, minors, and exotics. These include AUD/CAD, EUR/JPY, GBP/JPY, USD/JPY, EUR/USD, USD/TRY, just to name a few. Launched in 1999, LimeFx is a CFD and forex broker based in the UK and is owned by Jeffries Financial Group which is listed on the New York Stock Exchange under the ticker symbol JEF and has a market cap of $7.25 billion.
- If you plan on opening an account with LimeFx there are four options to choose from including either a Standard or Active Trader individual account, a Joint account and a Corporate account.
- These include AUD/CAD, EUR/JPY, GBP/JPY, USD/JPY, EUR/USD, USD/TRY, just to name a few.
- As we have already discussed, LimeFx provides access to a variety of trading platforms, and as a result, you can trade via the Trading Station, MT4, or ZuluTrade mobile trading app.
- With access to some of the industry’s lowest spreads, 17 different stock markets, fractional share trading, innovative copy trading features, eToro traders have all the right tools and resources to take their trading experience to new heights.
- As well as low spreads LimeFx also supports a range of trading platforms such as its flagship Trading Station platform which is compatible with desktop, web, and mobile trading apps.
Because CFD trades involve a contract to exchange the difference between the opening and closing price of the trade, investors can trade on both bullish and bearish markets. Perhaps the most attractive feature of contracts for difference trading is that investors have access to leverage. Simply put, with leverage your purchasing power increases, as you are only required https://limefx.vip/ to deposit a percentage of the investment’s total margin to open positions. On the one hand, this lowers the overall cost of opening a position, but on the other hand, leverage comes with the inherent risk of maximizing potential losses. EToro is regulated by major financial institutions including the FCA, CySEC, ASIC, and the US Securities and Exchange Commission.
MetaTrader 4 includes a whole range of easy-to-understand functions, so it
only takes a few minutes to get comfortable with all the different options
available to you as a trader. The platform has a built-in “Help” function so you
can get answers to the most common questions directly from within the software
itself, so you can concentrate on the important stuff – trading. MetaTrader 4 includes all the trading functions the modern forex trader
needs. Market orders, pending and stop orders, trailing stops – all are right
there at your fingertips with MT4. Should LimeFx go into liquidation, segregated client funds cannot be used to compensate shareholders.
Trading cryptocurrency CFDs with LimeFx appeals to many traders as they can control their position sizes with small contract sizes. For example, a single contract of BTC/USD at LimeFx is the same as one percent limefx official site of the underlying price of Bitcoin. Furthermore, CFD traders have the option to either go short or long by speculating on the potential price movements of the underlying asset without actually owning it.
LimeFx User Experience
Simply put, a demo account is a practice trading account that provides access to a simulated trading environment with virtual capital known as paper funds. At eToro, paper trading accounts provide users with $100,000 worth of paper funds to practice their trading strategies in a risk-free trading environment and to familiarize themselves with the trading platform. Once you have deposited funds into your account, you can start trading financial instruments with the click of a button.
LimeFx Mobile App Review
MQL4 allows you to create your own EA (Expert
Advisor) and automate your trading based on your own programmed strategy. Using
MQL4 you can build-up your own library of custom indicators, scripts and
function database. Forex trading is very popular amongst beginner and experienced traders as it offers access to high levels of liquidity and often requires a low amount of capital to get started. LimeFx’s proprietary Trading Station platform is compatible with iOS and Android mobile devices. During our research, we found that the web platform offers a better user experience when compared to the mobile app as you cannot set price alerts or push notifications and 2FA (two-factor authentication) is not supported.
What Can You Invest in and Trade on LimeFx?
Choose from the supported trading platforms such as MT4 and Capitalise.ai based on your trading goals and preferences. Placing your first trade involves a myriad of key elements such as leverage, margin requirements, choosing whether to go long or short, placing an order type and more. As such you can expect to invest in 40 different currency pairs, stock index CFDs, stock CFDs, commodity CFDs, and crypto-derivatives. CFD trading is a type of derivatives trading which means that you trade on prices derived from underlying markets. As we have already discussed, LimeFx provides access to a variety of trading platforms, and as a result, you can trade via the Trading Station, MT4, or ZuluTrade mobile trading app. As LimeFx supports a wide range of trading platforms and features, both beginner and experienced traders will find that this online broker has a lot to offer to help meet their trading needs and goals.
What is LimeFx?
Since its launch in 2007 it has become home to over 20 million traders worldwide. Firstly, you need to choose your country of residence and your preferred trading platform. The LimeFx Rebate Program is ideal for investors who are active in the financial markets. In summary, the LimeFx web trading platform is highly customizable, supports heaps of order types, and has a plethora of educational resources from online Live Classrooms, to Free SMS Trade Alerts. LimeFx trading accounts use a Tiered Margin system which is based on an entry and maintenance margin as well as a liquidation margin. When investing in crypto CFDs with LimeFx, the trading fees are included in the spread and there are no commission fees when opening and closing positions.
eToro – Top Copy Trading Platform for Commission-Free Stock Trading
The greatest advantage of commodity CFD trading is that it allows you to participate in the markets, gaining exposure to the products and markets, without taking ownership of the underlying assets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86% of retail investor accounts lose money when trading CFDs with this provider.