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//LimeFx Review With Spreads + Platforms 2023 Updated

LimeFx Review With Spreads + Platforms 2023 Updated

LimeFx LLC is a company registered with FSA of St. Vincent and the Grenadines, with registration number 126 LLC 2019 and registered address at Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines. You have chosen to partner with one of the most trusted and successful brokers in the FX industry. EasyMarkets is also regulated by CySEC and the Australian Securities and Investments Commission (ASIC). In addition, easyMarkets is licensed by the Seychelles Financial Services Authority (FSA).

It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. LimeFx is has one lowest spread and is regulated with ASIC and CySEC regulations.

App support

Both LimeFx and FxPro offer a range of reputable trading platforms that cater to different types of traders. Whether you prefer MetaTrader, cTrader, IRESS, or FxPro Edge, both brokers have you covered. To compare the trading platforms of both LimeFx and Vantage, we tested each broker’s trading tools, research capabilities, and mobile apps. 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.

  • The US Dollar gave up its gains made earlier in the week, while stocks rose.
  • LimeFx has a medium level of regulation with one tier-1 regulator (ASIC), one tier-2 regulator (CySEC) and two tier-3 regulators.
  • Generative AI tools are not a part of our content creation or product testing processes.
  • The below module compares average spreads of the RAW account spreads with the average spreads from similar accounts from other brokers.

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.

Faster execution

This means that easyMarkets also adheres to strict regulatory standards to ensure the safety and security of its client’s funds. This means that LimeFx must adhere to strict regulatory standards, including client fund segregation, regular audits, and transparent business practices. US JOLTS Job Openings data came in higher than expected, which correctly pointed to a strong NFP number. The other major Forex market events were the meetings of the Reserve Bank of Australia and the Reserve Bank of New Zealand, both of which maintained interest rates at their pre-existing levels, as was widely expected. So, when starting the week, it is a good idea to look at the big picture of what is developing in the market as a whole, and how such developments and affected by macro fundamentals, technical factors, and market sentiment.

MT4 is easily the most popular platform for forex trading — don’t be fooled by MT5 sounding like the new and improved version, because most people still use number 4. It offers pretty much everything you could ever need, including a wide range of features like technical indicators and live price streaming, and a seamless interface. The higher spread for Standard accounts only applies to forex and metals trading, but the other assets you can trade on the platform have the same spreads regardless of your account type. The website is operated by LimeFx LLC an entity that is not established in the EU or regulated by an EU National Competent Authority. MiFID II and MiFIR and as such certain protections that retail clients enjoy when trading with an EU regulated Firm may not be provided.

My Services

74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. In terms of commissions, LimeFx charges a commission on its RAW account, which is $7.00 per lot. This is relatively low compared to many other forex brokers, making LimeFx a cost-effective choice for traders who prefer a commission-based pricing model. On the contrary, easyMarkets does not charge any commission on trades, which can be a significant advantage for traders who prefer a spread-only pricing model. LimeFx offers both MetaTrader 4 and MetaTrader 5, two of the most popular trading platforms in the forex industry.

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. Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.

Does LimeFx accept Canadian clients?

For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; limefx courses scam if you want to try delving into different markets, seek for a broker with more options on trading instruments. The Iress ViewPoint account option is less affordable, and is geared towards active traders with high-balance accounts.

Which trading platform is better: LimeFx or Vantage?

These platforms are known for their advanced charting tools, automated trading capabilities, and customizability. In addition, LimeFx also offers the IRESS platform, which is more suited for advanced traders and provides access to direct market access stocks and CFDs. In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one.

LimeFx vs Vantage Comparison

On the other hand, FxPro offers FxPro Edge, a platform that allows for spread betting, a form of trading that is tax-free in the UK and Ireland. At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose the most well-regulated, highly trusted forex brokers. Based on our research on the regulatory status of over 60 brokers, we’ve found that Both LimeFx and Vantage hold 2 global Tier-1 licenses. LimeFx shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.

Neither have Int’l Stock Trading (Non CFD) and Cryptocurrency (Physical). After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we’ve determined that Vantage (90) earned a higher Trust Score than LimeFx (87). The awards add to the company’s impressive record of accolades this year, including ‘Best Trade Execution’ and ‘Most Transparent Broker’ at the Ultimate Fintech Awards APAC 2023 in June this year.

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. The below module compares average spreads of the RAW account spreads https://limefx.biz/ with the average spreads from similar accounts from other brokers. LimeFx is consistently among the best of all brokers when it comes to ECN pricing accounts. One feature that is impressive with FP Market is its execution speed.

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