Due to their low or negative correlations, CFDs on commodities provide lots of attention-grabbing trading opportunities. For the most part, commodities markets are open around the clock, so traders can take positions on them 24/5. Indices are used to measure the price performance of a group of shares from an exchange and enable traders to get exposure to an entire sector or economy without opening several positions at once. This is to say that traders will benefit from high volatility and low margin in a more efficient way. Other key reasons why traders choose to trade CFDs on indices is that they can go long or short and benefit from flexible trading hours. The difference between the bid and ask prices is called “the spread.” The spread is the cost of trading a CFD.
LimeFX’s Non-Trading Fees
- There is also the option to get exposure to global stock indices and currency futures.
- LimeFX has an attractive offering of high-yield/risk instruments, such as share CFDs and cryptocurrencies.
- When clients of LimeFX are ready to switch to a live account, they should get ready to undergo a verification of their identity.
Hence, the company is still working on developing a strong brand name that is trusted internationally. It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection. However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place.
Apple and Android
If traders choose to contact the customer support hosts via live chat, they need to decide if they want to get assistance in English, French, Spanish, Chinese, or Arabic. As for withdrawals, clients of the brokerage firm can make use of most of the payment processors we just mentioned. While transferring funds from your trading account, you need to bear in mind that all withdrawal requests are first reviewed and approved, which might take up to 24 hours. While using the simple and intuitive mobile trading app, you can access expert research, explore technical charts, and view the latest real-time prices.
What is CFD Leverage?
They responded fairly quickly to my question about the inactivity fee policy but struggled to explain their execution model. LimeFX has an attractive offering of high-yield/risk instruments, such as share CFDs and cryptocurrencies. This caters to the needs of speculative traders looking to exploit sudden outbursts of volatility in the price action. However, there are no lower-risk securities like bonds and ETFs to be used for hedging one’s overall market exposure. However, as a trader who relies heavily limefx scammers on precise technical analysis, I am highly skeptical of MetaTrader 4. My tests indicate that LimeFX’s trading fees exceed the industry average.
Note• All spreads are indicative, to view real time values clients should refer to their client terminal.• Live Fixed Spreads during Midnight session (11pm-2am, GMT+2) will be changed to Live Floating spreads. Our deposit bonuses provide some extra power when you are just starting out. This website is not directed at UK residents and falls outside the European and MiFID II regulatory framework, as well as the rules, guidance and protections set out in the UK Financial Conduct Authority Handbook.
For example, if you buy a CFD on gold, you speculate on the price movement of gold, without owning any actual gold. I did not find any specific feature in LimeFX’s offering to say that the broker is better suited for high-frequency or longer-term trading. When we test a broker’s limefx scam customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.
Clients of the brokerage firm can only take positions on precious metals like gold, silver, platinum, and palladium. Unfortunately, traders will not have the opportunity to trade CFDs on base metals like copper, nickel, or zinc, among others. Foreign exchange trading has exploded in popularity because of the greater trading opportunities it gives and because of its high liquidity. LimeFX allows its clients to participate in the $6.6 trillion-a-day FX market using the leading MetaTrader4 trading platform. Choose between Standard, Premium, Privilege and Cent accounts and enter the markets with superb trading conditions.