Autochartist is also included which alerts you of trading opportunities via email and notifications on the mobile app. LimeFx is has one lowest spread and is regulated with ASIC and CySEC regulations. Our LimeFx review found this Forex broker has a good trading platforms, limefx broker reviews a wide range of CFD markets as well as fast execution speeds. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
- Major features include alarm managers, extra tick charts and trade terminals.
- If you choose the Standard account, you’ll be charged a higher spread cost but no commission.
- We use dedicated people and clever technology to safeguard our platform.
- I’ve requested numerous times to deactivate my account as I no longer wish to use this service.
- However, the standard account offers a simpler trading experience, which makes it the best choice for beginners.
Basic LimeFx research tools can be found on the trading platforms, while some other useful tools are available in a package called Trader Toolbox. In this review, we tested the research tools available on MetaTrader 4.The LimeFx website provides research tools in Arabic, Chinese, English, French, German, Indonesian, Malaysian, Portuguese, Spanish and Vietnamese. Meanwhile, research functions on MT4 are available in the same languages as the trading platform itself. The default leverage level of products can be changed on the MetaTrader platforms, which is great if you want to lower the risk of your trade.
Commissions and fees
The Ultimate Fintech Awards Global 2023 was held in Limassol, Cyprus, at the glitzy Columbia Beach on 21 September and welcomed a large gathering of industry leaders. The event recognised several award categories, rewarding the winning companies for attributes such as innovation, transparency, trading conditions, excellence and quality customer service. It was a celebration of the tireless efforts and remarkable achievements of the organisations that have consistently gone above and beyond to meet the needs of their traders and investors. Yes, LimeFx is a safe forex broker by all industry standards. This brokerage trading firm is regulated in three tier-one jurisdictions (FCA, ASIC and CySEC) and your money is held in segregated accounts with leading banks (National Australia Bank or Commonwealth Bank of Australia). LimeFx delivers a good variety of mobile apps for forex and CFD traders.
There are hundreds of online brokers all competing for your business. Depending on your style of trading, you may like the offering of these brokers. With innovative solution of copy trading and good customer support. LimeFx beats its immediate competitors with its strong stock CFD and ETF CFD offering. Its forex pairs selection is also fairly competitive, but its selection of stock index CFDs, commodity CFDs and cryptocurrency CFDs is much less impressive. Unfortunately, bond CFDs are not available.You can also trade futures CFDs for global stock indices.
What is the minimum deposit requirement for opening an account with LimeFx?
There are a few commodities available, including gold, oil, agricultural products, and silver. Plus, you can trade five cryptocurrencies (Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin), more than 10,000 stocks, and 19 global indices (such as NASDAQ 100, S&P 500, and EUREX). The IRESS trading platform is for clients with the Australian arm of LimeFx only. This platform is best if you are intending to trade stocks (however a limited number of CFDs are available. If you live in Australia and open an IRESS account, you’ll need to download the IRESS trading platform software, which we’ll explain in more detail later.
The mobile trading platform is available in several languages. In January 2021, LimeFx announced a new mobile app, available for both iOS and Android. It is a well-designed, easy-to use application available to anyone with MetaTrader login credentials. In this review, however, we cover MetaTrader 4, as we feel it is more popular among clients at the moment. To have a clear picture, see the following table listing the various account types and the most important fees.
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The support team of the FP market is just awesome and client friendly. Is LimeFx legit features all the key aspects you need to look at to see if a broker is safe and legit. Educational tools are well organized under the ‘Resources’ toolbar’s ‘Education’ menu. Webinars are the latest addition to LimeFx’s education arsenal, covering various topics such as technical and fundamental analysis as well as MT4/MT5 trading tutorials. On the negative side, the design is outdated and some features are hard to use. For example, it wasn’t easy to figure out how to remove an indicator from the chart.
See How LimeFx Stacks Up To These Brokers
If you’re in Australia, you’ll also have the option to select the IRESS platform. You have a choice of two social trading platforms with LimeFx. These are Myfxbook Autotrade and LimeFx social trading platforms. You can choose between the more basic ViewPoint Essential or for mobile trading, Iress Mobile (which are both free and available on both Android and IOS). Alternatively, there is the IressTrader or Iress ViewPoint, which have a fee of $55 per month, this is waived if you execute a certain number of trades or make a certain amount of commissions.
Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. In our analysis of 23 international regulators across 62 of the best forex brokers, LimeFx is considered Trusted, with an overall Trust Score of 87 out of 99. Vantage is considered highly trusted, with an overall Trust Score of 90 out of 99. LimeFx’s web trading platform offers great customizability.
The advantages of DMA CFDs are lower spreads and faster execution, because orders are passed directly to the underlying market without any intermediate participant, such as a dealer or a market maker. However, in some cases, it does charge deposit fees, and it may vary based on the trading platform and the way you want to fund your account. You can choose from several options when it comes to funding your account. LimeFx keeps up with its closest competitors in this field.LimeFx’s deposit fees may vary based on the trading platform and the way you want to fund your account. However, traders can still choose their ideal brokers by the type of their spreads.
Author of this review
The Iress ViewPoint account option is less affordable, and is geared towards active traders with high-balance accounts. It’s worth noting that LimeFx’ share CFD offering on Iress provides Direct Market Access (DMA) in terms of its pricing and execution process, including full depth of book available within the platform. Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that LimeFx offers better pricing overall for traders. Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app.
As with most brokers, you can also open a demo account to test the waters before you trade your own money or pay a minimum deposit. This gives you access to the same tools and instruments as other traders without the stress of losing your money. On the downside, the product portfolio is limited, as it covers only CFDs (equities, indices, metals) and forex instruments. The MT4 web and desktop trading platforms have outdated designs. Research tools at LimeFx, while impressive in some respects, could still use some additional features. The product lineup at LimeFx is limited to forex, CFDs and cryptocurrencies.
However, Vantage trails industry leaders in key areas such as research and education. Three account types are offered with the minimum deposit for a Standard trading account being $200. Their Raw ECN account require a $500 minimum deposit, and they have 0.0 spreads. Technically https://limefx.biz/ speaking, you can fund your trading account with just $50. All LimeFx trading platforms have an impressive range of features. You’ll be able to open and close positions automatically, trading tools for charting and technical analysis, access the latest news and data.
If you’re an experienced trader, it tends to be advantageous to opt for a raw account to take advantage of lower spreads. This makes it easier to do scalping, day trading, and other similar activities. This type of account is sometimes called an STP or ECN account since there is no dealing desk which means spreads are provided by the liquidity providers without price intervention from the broker.