Setting up and funding a live trading account with LimeFX is not only straightforward but also incredibly swift. On the downside, LimeFX does not offer negative balance protection to clients under ASIC and the FSA in St Vincent and the Grenadines, whereas it does provide this feature under CySEC. This means you could lose more than your account balance if you day trade through these entities. They include bank wires, credit/debit cards, online payment processors, and cryptocurrencies. Clients may access all available options from their back office, where LimeFX lists all payment processors transparently. The availability depends on the country of residence, and not all traders may have access to all payment processors.
Here, we evaluate the broker’s longevity in the industry, the company’s size, and its transparency. The safety level varies depending on the entity with which you open an account. Engaging with an unregulated offshore entity involves risks, whereas limefx forex brokers reviews holding an account with a CySEC or ASIC-regulated entity is considered relatively safe.
LimeFX provides exceptionally competitive pricing, positioning it as one of the most cost-effective brokers worldwide, particularly for its commission-based ECN account option. However, keep in mind that orders made in demo mode aren’t executed in the live market, potentially giving you quicker execution times for your trades. Forex products are traded through ECN (Electronic Communication Network), while CFD products employ DMA (Direct Market Access) channels. DMA CFDs offer advantages like reduced spreads and swifter execution, as orders are transmitted directly to the underlying market without intermediaries such as dealers or market makers.
- LimeFX delivers a very competitive commission-based alternative with raw spreads of 0.0 pips for a commission of $6.00 per round lot.
- Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps.
- Traders have the flexibility of using all major order types via the MT4 app, including market orders, limit orders, and stop-loss orders.
- Streaming news service is available as one of the twelve plug-ins for MT4, offering traders a valuable service embedded with the trading platform.
- LimeFX also maintains the MAM/PAMM module, enabling retail account management.
Islamic Trading Accounts
LimeFX operates with a no dealing desk (NDD) model and works with various liquidity providers to offer competitive prices and deep liquidity across many instruments. This approach, along with direct market access (DMA) pricing, provides traders with tight spreads and quick execution times, leading to efficient and clear trading conditions. LimeFX delivers a very competitive commission-based alternative with raw spreads of 0.0 pips for a commission of $6.00 per round lot. Commodities, indices, and cryptocurrencies remain free of additional costs, which remain included in the markup. Equity CFDs and DMA traders face a fee between 0.06% and 0.30% with a minimum of $10 or a currency equivalent. The equity trading charges depend on the country of the listed underlying asset, and the pricing environment remains average compared to other brokers.
Compare Trading Instruments
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. The main reason to limefx company reviews 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. 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.
Is LimeFX A Regulated Broker?
LimeFX offers an excellent selection of live accounts, catering to traders at at levels. There is Standard and Raw, plus an Islamic swap-free solution, as well as PAMM/MAM trading accounts. Besides the build-in MT4 copy trading functionality, LimeFX partnered with Myfxbook Autotrade, also available from within the MT4 trading platform. The most recent expansion includes a proprietary copy trading service, LimeFX Copy Trading. VPS hosting is available, but minimum requirements exist to receive it free of charge.
What products does LimeFX offer?
With no real money at risk, the demo account simulates live trading circumstances. The trader can encounter several aspects despite the fact that the funds are virtual. When a trader is ready, they can open a Demo account, which includes all the features of a live account. Autochartist is a trading tool on both MT4 and MT5 platforms that use charts to make traders understand trading opportunities. The forex, metals, commodities, indices, and crypto markets are available on this fully customizable technical analysis tool.
He has a Masters and Commerce degree and has an active role in the fintech community. These educational resources are accessible through the LimeFX website. The MT4 platform has a limited selection of just four stocks, making MT5 or IRESS preferable if you are interested in share trading. Select one or more of these brokers to compare against LimeFX.
