It provides these ideas through a blog page called Traders Hub. The trading ideas are grouped into technical and fundamental analyses. We liked the quality of the trading ideas; the analyses are up to date and a new piece is published almost every day.Autochartist is another tool that can be used via the MetaTrader platforms.
- LimeFx does not provide negative balance protection for clients under ASIC and the Financial Services Authority of St Vincent and the Grenadines, though it does so under CySEC.
- 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.
- The costs for the ‘ECN Raw’ account include a lower spread cost and a $3 per lot per trade commission.
- In particular, the spreads on the raw account are exceptionally low, almost less than a pip for every major currency pair.
- I have been working with this broker for the past year, and I must say, the broker’s spreads are incredibly low, and slippage is very rare and minimal.
Although there’s no option to choose an Islamic Account when you sign up, don’t panic. You can switch to one easily by contacting LimeFx, so just set up an account like normal. Select one or more of these brokers to compare against LimeFx. ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. Read our full explanation and accounting of our research and testing process to learn more about how we test.
Forex Pairs And Other Trading Products
Active shareholders can also save several thousand dollars – depending on the investment volume and the number of transactions. This Markets Insider comparison shows that the cost of an order to buy or sell securities also varies considerably. For example, a $10.000 order costs around $10 dollars in the most favorable case, and more than $50 in the most expensive. It now only offers a blog page (Traders Hub) that includes daily market wraps, in addition to regular technical and fundamental analysis. Events are neatly displayed in chronological order; if you click on an entry, you can read a short explanation of the indicator and view some historical data (if applicable).
- If you’re an experienced trader, it tends to be advantageous to opt for a raw account to take advantage of lower spreads.
- Our LimeFx review found this Forex broker has a good trading platforms, a wide range of CFD markets as well as fast execution speeds.
- One feature that is impressive with FP Market is its execution speed.
- 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.
- Unfortunately, trading stock CFDs at LimeFx is quite expensive, so it’s probably worth shopping around for brokers that charge lower fees.
This can be a valuable option, especially for beginners who are still getting the hang of things and wish to leverage the expertise of more seasoned traders. In a sea of different trading platforms that all have very similar offerings, it’s tough to stand out, but LimeFx really does go above and beyond. Above all, its ECN-style pricing is hard to beat, and the range of assets you can trade and types of accounts and trading platforms available are other winning features. 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.
PREFERRED – MAYBE THE BEST ONLINE BROKER AND TRADING PLATFORM (Advertisement)
Both LimeFx and Vantage offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. 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. 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.
Yes, LimeFx accepts retail forex traders from Canada. Actually, LimeFx accepts clients from all over the world excluding retail FX traders residents in the US, Japan or New Zealand. The selection of stocks is very limited if you are using the MetaTrader 4 trading platform. So you are better off using the MetaTrader 5 or IRESS (Australia only) when trading stocks.
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We tested withdrawal by credit card and it took 1 day.You can only withdraw money to accounts that are in your name. You can only withdraw money to accounts in your name. LimeFx charges a withdrawal fee, except for domestic bank transfers and withdrawals to credit cards.You can limefx forex broker use bank transfer, credit cards, and electronic wallets for withdrawal. The same electronic wallets are accepted for withdrawals as for deposits, except PoliPay, PaySec, and BPay. A bank transfer can take several business days, while payment with a credit/debit card is instant.
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Enter additional details about yourself such as your date of birth and full address. Then, enter your financial situation which includes your employment status, occupation, annual income, and source of funds. To illustrate overall stock CFD trading costs at LimeFx and its competitors, we calculated with a $2,000 position size, holding it for one week and then selling it. Want to exploit these benefits while steering clear of the risks? Read our overview of some of the most common CFD trading tips and strategies. One of the things we love about LimeFx is that there’s a wealth of resources available on the website to help you educate yourself on using the platform — and trading in general.
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. LimeFx doesn’t charge an inactivity fee or account fees, except for the IRESS Trader platform.
But unlike most other brokers, you’ll be able to supplement your “experimental” trading with webinars and tutorials to help you get to grips with how the platform works, which enhances the learning experience. And if you have any qualms or roadblocks along the way, you can always turn to the stellar customer service team to help you out or clear any doubts. Finally, the Premier account is for professional traders with a high balance, so it will, unfortunately, be out of reach for most people. LimeFx stands out for the competitive pricing available to forex traders with its ECN account. However, that pricing is only available with the MetaTrader platform, and LimeFx offers only 764 symbols on MetaTrader 5 (MT5).
Based on 25 trades, LimeFx achieved an execution speed of 80ms, which was the lowest as shown below. 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. LimeFx’s web trading platform offers great customizability. You can easily change the size and the position of the tabs.On the other hand, the platform feels outdated, and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist. A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank.
You would only choose this account if you want to trade stocks however selected other CFD products are available. However, the standard account offers a simpler trading experience, which makes it the best choice for beginners. It also makes more sense for those who trade over the long term, because the spreads won’t affect them as much when they’re only making occasional trades. In all other respects, the accounts are pretty similar.
However, you cannot filter or sort entries according to country or indicator. We ranked LimeFx’s fees as low, average or high based on how they compare to those charged by all the brokers reviewed by us. In particular, the spreads on the raw account are exceptionally low, almost less than a pip for every major currency pair. If you are https://limefx.club/ unsure about these document requirements, I recommend contacting LimeFx’ customer service for more information. They will be able to provide specific guidance and address any concerns you may have regarding document translation. It’s always a good idea to seek clarification directly from the broker to ensure a smooth KYC process.