Category: Forex Trading

Companies on Trustpilot can’t offer incentives or pay to hide any reviews. Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. CFD prices are commonly found as a double price quotation called the bid and ask prices. The pair of prices shows the best potential price at which an asset can be sold and bought at a specific time. The bid price is the highest price a buyer is prepared to limefx courses scam pay, whereas the ask or “offer” price is the lowest price a seller is willing to accept.

Many Asset Available

We’re consistently looking at various features that might make the platform more useful for our traders. The swap or rollover fee refers to additional charges that can be incurred overnight when traders leave trading positions open. The fee is applied by the broker so traders can continue holding a leveraged position after active market trading hours.

My experience is similar to many others who have dealt with Lime Fx….missing and lost money, inability to withdraw, scam alerts etc. They are not FCA registered but tell you they are so you have little recourse via that route and their Compliance/Support Teams actively refuse to investigate named individuals in a fraud case. Lime Fx is not targeted to residents of the EU where it is not licensed.

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A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, how big the company is, and how transparent it is in terms of readily available information. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.

There are many financial instruments…

The trading platform also supports its traders with a vast educational resources and tools to help fast track the process. We’re so glad to hear that you enjoyed your experience with Lime Fx! We strive to offer our clients the best platform and customer service possible, so it’s great to know that we’re on the right track.Lime Fx ⚡️Empowering traders. As a trader, you can trade CFDs for any financial asset, as you do not need to own the underlying asset. With CFD trading you are trading the price changes of the underlying asset and it is a more popular way for online traders to partake in the financial markets. With Lime Fx, traders can access CFDs on a range of markets including currencies, metals, commodities, indices, shares, and futures.

• Lime Fx broker as well as other credible brokers are very serious about the protection of personal info.
• CFD prices are commonly found as a double price quotation called the bid and ask prices.
• At least when it comes to executing penetrating technical analysis.
• Best brokers for forex trading are evaluated based on factors such as market reputation, trading platforms, conditions, and additional services/resources.
• Meanwhile, the mobile app version of the platform supports trading on the go.
• You can benefit if the price moves in the direction you have speculated, but you may incur losses if the price of the underlying asset moves against you.

What can you say about the broker’s webinars?

According to the financial institutions, those currencies are going to be parity against the dollar. So i’m going to trade only these pairs and focus on making big profits. If you choose to trade with such a high-risk Forex broker, your funds and personal information will not be effectively protected. To sum up, I think Lime Fx (Tradeco Limited) is not a safe enough forex broker. Based on the broker information on the FxGecko app, I believe there are at least 5 significant high-risk signals for Lime Fx (Tradeco Limited) as follows. Suggested companies are based on people’s browsing tendencies.

What kind off assets is it possible to trade with Lime Fx?

Overall, a decent experience that met my expectations. A CFD (Contract for Difference) offers the opportunity to traders to speculate on the price movement of different financial assets without owning them directly. With a CFD contract you agree to pay the difference between the opening and closing prices of an underlying asset. You can benefit if the price moves in the direction you have speculated, but you may incur losses if the price of the underlying asset moves against you. I quite enjoyed Lime Fx’s educational guides covering very basic trading topics that novice traders are likely to ask.

Bid and ask prices

It was my surprise to know that beside competent and on time answers, the support can speak several other languges. Lime Fx is a Seychelles CFD broker that was founded in 2021. It is regulated locally by the Financial Services Authority (FSA) of Seychelles and adheres to some of the main safety requirements in the trading industry. I did not find any specific feature in Lime Fx’s offering to say that the broker is better suited for high-frequency or longer-term trading. One of the best things about MT4 is its simplified order execution. limefx reviews However, the platform is quite old, and its rugged design is outclassed by newer and sleeker platforms.

• It is very useful for making snap adjustments to any open trades.
• Spreads are within average values, like for trading gpb/usd they rarely widen more than 3-4 pips during peak hours.
• You can take advantage of our excellent trading conditions and products, including a wide range of accounts and flexible spreads across a range of assets.
• To execute trades, you may use a variety of orders on a Forex trading platform, such as market orders, stop orders, limit orders, and trailing stop orders.
• That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand.
• Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid.
• One of the best things about MT4 is its simplified order execution.

An agent connected almost instantaneously to the chat, but they did not introduce themselves. They responded fairly quickly to my question about the inactivity fee policy but struggled to explain their execution model. Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.

Deposits can be made via bank wire, credit or debit card, e-wallets, or crypto wallets. The broker does not charge deposits and withdrawal fees, except for withdrawals below $300. Transaction times vary but are generally within the norm. When we test a broker’s 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. Lime Fx offers 24/5 support over live chat and email.