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 on forex and the financial services industry while assisting in the production of content. 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). Most of LimeFx’ research is found under the Traders Hub section on its website, where it is separated into technical and fundamental analysis.
Does IG or LimeFx offer lower pricing?
LimeFx also earned Best in Class honors for Commissions and Fees in our 2024 Annual Awards. 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 scammed by limefx the platform. That said, the broker’s Iress ViewPoint account option is less affordable, and is geared towards active traders with high-balance accounts. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
Best Forex Trading Apps of 2024
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
- We may receive commissions on purchases made from our chosen links.
- The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe.
- You can make deposits to your LimeFx account in a variety of ways.
- Areas we scored LimeFx the highest were excellent customer service (9/10), great educational resources (8/10) and a wide variety of funding methods (8/10).
- We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations.
Forex broker that has successfully adapted to the ever-changing online brokerage landscape. The company is listed on the London Stock Exchange (LSE) under the ticker symbol CMCX. As you can, LimeFx is extremely well-regulated and look after the needs of their clients no matter what they may be. They have an extensive array of investment products for you to trade, as well as many different trading platforms to choose from.
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The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Forex traders also appreciate the ability to engage in social copy trading. LimeFx provides traders 71 currency pairs (e.g., EUR/USD) compared to Pepperstone’s 62 available pairs. Beginning investors should avail themselves of the wealth of research and educational resources available through trading platforms and sites like Investopedia.
Forex Risk Disclaimer
Because the markets are so different, you’ll also need to evaluate a forex broker on different criteria from what you would use to evaluate a stock broker. The offers that appear on this site are from companies that compensate https://limefx.biz/ us. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Does Pepperstone or LimeFx offer lower pricing?
LimeFx offers competitive no commission spreads, as low as 1.1 pips for the frequently traded EUR/USD forex pair. 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.
Can I trust IG?
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 provides traders with a wide selection of advanced trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Mottai, Iress, TradingView, and the LimeFx trading app. Our mission is to provide in-depth, unbiased reviews of international forex brokers, and to create world-class content about the global forex industry. Since inception, ForexBrokers.com has helped millions of traders compare and choose the best forex and CFD brokers.
One of the only drawbacks to their offering is the charges they have on deposits and withdrawals when using their Iress platform. Otherwise they have a quality customer support team, competitive price and a great reputation in the sector for serving the needs of their customers. Therefore, LimeFx is always kept on their toes and have their operations above board. All of the trader funds are kept safe in their own account with a tier one bank. The accounts for the broker are audited annually by the leading firm in the country, BDO Australia. They have over 600 other CFDs you can trade that have a max margin of 50%.
The global foreign exchange (forex) market is the largest and most actively traded financial market in the world. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs.
Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. 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 IG (99) earned a higher Trust Score than LimeFx (87).
You can get access to 355 share CFDs that are trading with less than 20% margin. In all, there are more than 10,000 different financial products for you to choose from, ranging from indices, equities and commodities. If you need to do so, you are able to put in a request for a special borrow for a particular stock if you get in touch with the customer support team.
Read more about Saxo’s mobile suite in our full-length Saxo review. Yes, if you have a modern smartphone running either an Android or iOS operating system, you can install forex trading apps on your phone. After opening the app, you can log in to your forex account and begin trading from your phone.
