I will give 5 star + To great customer service and the important thing is the spreads are tight, my previous broker made my too many losses by their wide spreads and technical issues, I highly recommend LimeFx . An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research https://limefx.club/ on forex and the financial services industry while assisting in the production of content. 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. 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.

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When selecting your forex broker, you should consider trading platforms and tools, the number of currency pairs offered, customer service and, of course, trading costs. City Index is a dealing desk broker and part of the Gain Capital umbrella who are listed on the NYSE and also own the CFTC regulated Forex.com limefx in the USA. Based on trader opinions, May 2024 spreads and forex trading platform our forex broker reviews provide up-to-date ratings on the top regulated forex brokers. LimeFx, founded in 2005, is a prominent forex and CFD broker known for its commitment to providing high-quality trading services.

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The minimum deposit requirement for both Standard and Raw accounts with LimeFx is 50 USD/EUR/GBP in Europe and 100 AUD or its equivalent for Australia and international clients. LimeFx has an overall trust score of 60 based on regulation, reputation, and reviews. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.

LimeFx reviews

Learn about trading, forex, and CFDs from some of the most trusted voices in the industry. The Raw account features direct market pricing, with spreads starting from 0 pips, accompanied by a $3 commission fee per side. LimeFx provides exceptionally competitive pricing, positioning it as one of the most cost-effective brokers worldwide, particularly for its commission-based ECN account option. With 71 forex pairs and a total of 10,000 tradable symbols, far surpassing the industry average of 3,623, the broker offers extensive trading opportunities.

LimeFx Review: Fees, Safety, Platforms

You can also view our 5 effective trading tips, share vs. currency trading guide, commodities and overall trading strategies. If you see any element (no matter how basic) that may require updating, feel free to contact the authors using the Contact Us form. We aim to update this site regularly and provide dates on each page of when the last update was. We recommend that the website and tables be used as a guide when formulating your trading forex strategies to help make your decision easier.

Instead, the forex broker makes its money primarily from the spread (the difference between the buy and sell price). These spreads will differ based on the currency pair and the time of the day. Generally, the more major traded pairs such as the EUR/USD will have lower spreads than more exotic pairings.

Does LimeFx Offer Low Fees?

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. 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. Regulated by ASIC and CySEC, and offering international services under offshore regulation, it ensures a secure trading environment. However, traders outside Australia and Europe should be mindful of regulatory differences. This policy ensures that traders can manage their funds efficiently without worrying about additional costs.

As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. It is an all-in-one CFD and forex trading platform with enhanced tools and features. It is the second most popular platform and has an interface that is more modern and attractive compared to MetaTrader 4. In addition to the rich charts, there is also level II pricing, advanced order types and fast execution. Lastly, ThinkMarkets offer MetaTrader 4, 5 and their own developed platform ThinkTrader, the no.1 mobile trading app in the world.

This is relevant for individuals who trade items in multiple currencies since the market exchange rates and the current currency pair determine fees. The purpose of this app is to offer traders all the necessary trading functionalities in a mobile-friendly layout. Specifically crafted for those who have to manage their accounts and execute trades when on the go, it presents an effortless and uncomplicated platform that does not forego any vital tools required for effective decision-making.

1. When a position is left open overnight, exchange costs, sometimes referred to as overnight fees, are charged.
2. Traders who want a more basic price structure without extra commission fees could choose this alternative.
3. Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to share trading and selection of CFDs.
4. These online resources combined with the in-person seminars they hold periodically across Australia, which was why this FX broker was considered the best in the category.
5. With average spreads of just 0.1 on the EUR/USD in its Raw account, the broker provides competitive pricing for day traders.
6. This allows anyone to make strategic decisions and charge a fee for others to copy trades.

However, as with any financial decision, it’s essential to conduct thorough research and consider personal trading needs before opening an account with any broker. From advanced tools that facilitate automated and social trading to services that ensure the stability and efficiency of trade execution, these additional offerings cater to the diverse needs of traders. LimeFx commission fees are competitive compared to other online brokers with similar ECN Account types. As shown in the table below, RAW Account holders pay $3 per side, per 100k traded, while most brokers charge $3.50. 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.

The primary distinction between the Standard and Raw accounts lies in their spreads and commission fees. The Standard account is commission-free but offers spreads from 1 pip, whereas the Raw account incurs a charge of $3 per lot per trade, but offers spreads from 0 pips. The Raw account is therefore best suited to active day traders and scalpers looking to make profits from small price movements. LimeFx provides a vast clientele with a wide range of trading platforms, including MetaTrader and cTrader, providing flexibility across several devices and customer preferences. With many account types tailored to fit various trading techniques, LimeFx provides a competitive spread structure to a worldwide clientele.

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. As shown in the table below, the availability of these platforms varies depending on your location and the regulatory jurisdiction you fall under. Additionally, each platform is available on different devices, ranging from mobile apps, to webtrader options, and desktop trading platforms. 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.

LimeFx shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader or cTrader platform. The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option. Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to share trading and selection of CFDs.