39 currency pairs, for example, would put LimeFx at the lower end of the broker for currency choices. LimeFx standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUDUSD and AUDJPY currency pairs. To be able to take advantage of these discounted commissions, you will need a minimum of $25,0000 in equity in your trading account, so will not be a serious consideration for most retail traders. Please note that due to FCA regulation, UK retail traders are not able to trade cryptocurrencies with UK brokers. If you want access to crypto markets, you will need to sign up for an LimeFx subsidiary outside of the United Kingdom. These stats show that LimeFx completes your orders with no slippage more than 60% of the time.
- To be able to take advantage of these discounted commissions, you will need a minimum of $25,0000 in equity in your trading account, so will not be a serious consideration for most retail traders.
- When trading, you will still need to meet initial margin requirements to open trading positions.
- LimeFx operates four subsidiaries around the world that are overseen by different financial authorities.
- All other deposit methods do not have a minimum deposit requirement however may have limits on how much can be deposited each month.
- Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
- We try to update our forex broker comparison tables periodically (including our LimeFx reviews) but if you have any suggestions or areas that may need updating please feel free to contact the owners via our contact us form.
The LimeFx Trading Station forex platform is generally hard to fault, it has a very user-friendly design and comes with has become LimeFx’s hub for investment advice. One of the key features of the platform is the free professional charting tool known as Marketscope 2.0 which consists of price alerts, charts and a wide selection of indicators. One of the key features of Marketplace is the ability to open and manage all your trades directly from the charts. This means you can perform all your trading analysis, opportunity identification and order execution all in one place. This simplified trading process makes the platform a great tool for beginner traders. The range of markets available with LimeFx is quite broad however you can find other brokers that offer more choices for each financial instrument.
See How LimeFx Stacks Up To These Brokers
New traders may appreciate a standard style account, as no commissions mean a simpler cost structure. Long-term or discretionary traders may also like this account as the simpler cost structure compared to a commission account can make trading easier. The LimeFx Standard Account has a minimum requirement of $50 (depending on payment method) when making an account deposit. When trading, you will still need to meet initial margin requirements to open trading positions. This includes an economic calendar, live forex charts, and the latest market news. Additional trading tools are available such as a market scanner and market data signal however to get to the really useful information such as trading signals, technical analyser and trading analytics requires a sign-up with LimeFx.
Interest-Free Account – for Islamic traders
If you wish to call LimeFx, there are 42 country-based numbers one can call from. LimeFx operates four subsidiaries around the world that are overseen by different financial authorities. The leverage you are able to trade with depends on whether you sign up to the UK, European, https://limefx.club/ Australian or South Africa entity. An LimeFx dealing desk determines the best execution means which can result in LimeFx acting as a market maker or using a dealing desk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Data safety
If you are looking for the best possible spreads, then Active Trader is the best choice. Spreads with LimeFx’s active trader account are cheaper than they may appear when you compare with other brokers as LimeFx off lower commission fees. The overall lowest spreads are offered by IC Markets in our head-to-head comparison. Our LimeFx review found the forex broker offers one of the extensive choices of trading platforms from all online brokers. Not only does LimeFx offers a choice of 4 trading platforms (2 of them the best social trading platform) the broker also offers 7 speciality platforms.
The broker claims to offer some of the tightest spreads on the market when it comes to trading BITCOIN. LimeFx is especially proud of their own Trading Station II (not to be confused with another platform TradeStation). It limefx website was built based on the feedback from LimeFx traders and trading data accrued from over 10 years to meet the needs of their clients. LimeFx list statistic regarding their performance when it comes to execution and slippage.
Compare Forex Brokers was created to help Australian forex traders find the right broker to suit their trading requirements. Our forex broker comparison tables were constructed from information from providers’ websites or actual trading accounts. We try to update our forex broker comparison tables periodically (including our LimeFx reviews) but if you have any suggestions or areas that may need updating please feel free to contact the owners via our contact us form. Experienced Australian forex traders that require a very specific niche forex platform should consider LimeFx. Those that require high leverage or are looking for low spreads/fees should review our best Australian forex broker comparison table and a provider like Pepperstone for advanced traders. It is also a great option for active traders who benefit from an abundance of technical analysis tools, including over 150 analytical tools and a wealth of customisable charts and drawing tools.
