For those interested in low spreads, the RAW account is advantageous, though standard account users may find spreads slightly less competitive when compared to other top brokers. LimeFx equips traders with essential research tools and educational resources, ensuring a well-rounded trading education and informed decision-making through comprehensive market analysis and strategies. With its multilingual support team available 24/7, LimeFx underscores its dedication to providing exceptional customer service, ensuring a seamless and supportive trading environment for all its clients.
Bank transfers
Most of LimeFx’ research is found under the Traders Hub section on its website, where it is separated into technical and fundamental analysis. When compared to the best brokers for research, including IG, Saxo, CMC Markets, LimeFx has room to improve, and could enhance its research offering by expanding it to include a wider array of daily content. If you’re looking to get in on this action, you’ll need a broker who deals in currency, and many of the big names in stock trading simply don’t offer this feature. Because the markets are so different, you’ll also need to evaluate a forex broker on different criteria from what you would use to evaluate a stock broker. The offers that appear on this site are from companies that compensate us. But this compensation does not influence the information we publish, or the reviews that you see on this site.
What is forex trading?
Our editors independently research and recommend the best products and services. You can learn more about our independent review process and partners in our advertiser disclosure. We may receive commissions on purchases made from our chosen links. Nevertheless, a caveat to consider, albeit unlikely to influence a push higher this week, is that the monthly timeframe shows a clear long-term downtrend still in play. LimeFx has been around since 2005 when they were founded in Australia.
MT4 and MT5 accounts
CMC Markets (CMC), founded in 1989, is a well-established, publicly traded, and highly regarded U.K. Forex broker that has successfully adapted to the ever-changing online brokerage landscape. The company is listed on the London Stock Exchange (LSE) under the ticker symbol CMCX. It’s important to use caution when entering the forex market and make sure you have a solid understanding of the currencies, derivatives, commodities, cryptocurrencies, spreads, and other offerings in which you wish to trade. They have over 600 other CFDs you can trade that have a max margin of 50%. You can get access to 355 share CFDs that are trading with less than 20% margin.
- These are managed accounts where account managers trade on behalf of other traders or investors using one Master account.
- Upon registration, you have the option to select your preferred account base currency, which will be used for calculating commissions and managing your funds.
- We may receive commissions on purchases made from our chosen links.
- LimeFx provides the flexibility of choosing from seven base currencies for funding your account, including USD, AUD, NZD, CAD, GBP, EUR, and CHF.
- However, traders outside Australia and Europe should be mindful of regulatory differences.
- Read our in-depth reviews of forex and CFD brokers, and compare the best online brokers side-by-side.
Great Experience so far
LimeFx offers a broad selection of over 10,000 products across multiple asset classes, making it a versatile choice for traders looking for extensive trading options. When trading LimeFx commission-free spreads, MetaTrader 4 and MetaTrader 5 are available as trading platform options, and for those located outside Australia and the EU, cTrader is also an option. LimeFx offers competitive no commission spreads, as low as 1.1 pips for the frequently traded EUR/USD forex pair. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
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A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). That let you test different strategies without putting any money at stake. For more details about the categories considered when rating brokers and our process, read our full methodology. Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. You can start with as little as $100 in most cases, but it’s important to note that forex trades are made in standard lots of 100,000 units of currency.
They are a CFD and forex broker that is owned by First Prudential Markets Pty Limited. Their headquarters are in Sydney and they have been offering online financial trading for the past 14 years. The main reason to use IRESS is to access LimeFx full range of stocks and to use DMA trading. If you are looking to trade stocks outside Australia with LimeFx then you are best to use the MT5 trading platform or consider TMGM who have IRESS outside Australia.
This coupled with the ubiquitous MT4 (downloadable) platform and a functional mobile application, comprises LCG’s online consumer offerings. LCG provides access to a broad selection of CFDs and spread betting instruments across several different asset classes. CMC Markets is for all types of traders, from the novice retail trader looking to dip their toes into the online trading of forex, CFDs, and spread betting, to the experienced veteran seeking exposure to a broad array of products. Areas we scored LimeFx the highest were excellent customer service (9/10), great educational resources (8/10) and a wide variety of funding methods (8/10). Beyond these factors, LimeFx offers very competitive spreads, particularly with its RAW account, its own intuitive LimeFx trading app, and the unique ability to trade spot shares (in certain regions) using the IRESS platform. IG allows spreads as low as 0.8 pips (a pip is one ten-thousandth of a point) on the most traded currency pairs, and says that its pricing is at least 20 percent lower on the euro-dollar pair than the top U.S. brokers.
He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. LimeFx also earned Best in Class honors for Commissions and Fees in our 2024 Annual Awards. 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. That said, the broker’s Iress ViewPoint account option is less affordable, and is geared towards active traders with high-balance accounts.
This review of LimeFx is grounded in CompareForexBrokers’ rigorous and transparent methodology, as detailed on our methodology page. We evaluated LimeFx across multiple critical performance metrics, including trading costs, platform usability, customer service, regulatory compliance, and the breadth of market offerings. Our assessment also considered unique features that set LimeFx apart from competitors like Plus500, OANDA, Admirals and eToro. By comparing LimeFx against these industry benchmarks, we aim to provide traders with a comprehensive and unbiased view of where LimeFx stands in the competitive forex brokerage landscape. LimeFx caters to the modern trader’s need for mobility and flexibility by offering mobile trading options across its platform range.
But, the basic service becomes free when you trade 10 lots from a standard account or 20 lots from a raw account within a month. New clients will get the service at no cost if they deposit $1,000 or more. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
Europe’s single currency wrapped up the week on the ropes versus its US counterpart, shedding -0.2% and snapping a five-week bullish phase. Month to date, EUR/USD is up +1.7% and poised to end the month trimming a four-month losing streak. Monthly/Daily Flow Supports Short-Term Bid Bolstered by limefx review Friday’s rebound from trendline resistance-turned-support on the… LimeFx has been a great start for me into the world of trading, customer service has been excellent in helping me and any doubts I have. Steve Tee has been only a text away through any questions I have needed answering.
Our country guides dive deep into local financial markets and regulatory agencies to help you choose the best forex broker – wherever you may live. They have a trading course and many different video tutorials covering topics for beginners and advanced traders alike. They have sections for all levels of experience and they also have a number of eBooks on offer. You can also make bank transfers and there may be fees that your bank charges you for making such transactions. There is also a number of different e-wallets for you to choose from, such as Skrill, BPAY and PaySEC. Generally, you will not be paying fees to MetaTrader account, but the e-wallet fees to the Iress platform will range usually from 3-4%.
The only problem is that both platforms are not compatible and so, MT4 apps will not run on the MT5. The minimum deposit required is $ 50,000 AUD; a commission of 0.08% applies for each trade and there is no minimum. It is preloaded with $100,000 https://limefx.name/ virtual funds meant for practice purposes. LimeFx account types are designed for the MetaTrader platforms and the IRESS platforms. Generally, account currencies can be maintained in USD, EUR, GBP, AUD, SGD, CHF, CAD, JPY and HKD.
As shown in the table below, RAW Account holders pay $3 per side, per 100k traded, while most brokers charge $3.50. Based in Sydney, LimeFx is a reputable online broker regulated by ASIC in Australia and CySEC in Europe, as well as offering services internationally under offshore regulation. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.
Typically, card deposits are instant but takes up to a business day for the IRESS platform. Withdrawals also take 1 working day and all card transactions are free. Neteller, Skrill, PayTrust, NganLuong.vn, FasaPay, DragonPay, Perfect Money, ZotaPay, FairPay, Paylivre, Sofort, GiroPay and Indian Payment method are the available options. Most deposits are processed instantly but some may take up to a day. There are no deposit fees but withdrawal fees ranging from 0.5% to 2% is applicable. LimeFx LLC is a company registered in St. Vincent and the Grenadines.
Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Overall, forex and CFD traders will be satisfied by the MetaTrader experience provided by LimeFx, though the scope of its research and educational offering are limited, when compared to the best brokers.