It includes Depth of Market (DOM) features and a built-in economic calendar. However, brokers like IG or CMC Markets provide more options for those seeking a broader variety, particularly in stocks and cryptos. BlackBull also offers a superior range of overall trading opportunities, with over 26,000 instruments available to suit various trader preferences. While offering access to the same markets as other accounts, the swap-free account adjusts fees to ensure fairness without charging interest.
An Easy Process
- Interactive Brokers holds 2 global Tier-2 licenses, while LimeFX holds 1.
- LimeFX may charge an inactivity fee if your trading account remains dormant for a specified period (more than 90 days).
- Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that Interactive Brokers offers better pricing overall for traders.
- LimeFX also provides region-specific local payment methods, such as PayTrust88, that depend on your location.
- New traders will further appreciate the client-exclusive webinars and podcasts led by experienced professionals, covering various trading topics, strategies, and tools, allowing beginners to learn directly from experts.
Compare the markets and instruments offered by LimeFX and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare LimeFX with the top 3 similar brokers that accept traders from your location. Although it took a few hours to get a response, the reply I received was detailed, with step-by-step instructions that made the process easy to follow. I’ve used their live chat a few times when I needed quick assistance. Once, I was having trouble understanding the differences between accounts, so I jumped on live chat.
Known for its efficient trading services, quick execution speeds, and secure trading environment, LimeFX has garnered a positive reputation among our traders and industry experts. LimeFX offers excellent customer support with multiple options, including live chat, email, and phone (Cyprus or Australia numbers). New traders will further appreciate the client-exclusive webinars and podcasts led by experienced professionals, covering various trading topics, strategies, and tools, allowing beginners to learn directly from experts. LimeFX’s trading fees are reasonable having come down in recent years, but they can still be bettered by some day trading brokers, notably LimeFX and Fusion Markets. While it may offer fewer commodities and cryptocurrencies than some market leaders, its overall offering remains competitive, particularly with its extensive stock CFDs and currency pairs.
Clients who wish to trade on multiple asset classes, will have to select the MT5 as their platform of choice during limefx scammers registration. A spread is the difference between the bid and the ask price of a currency pair (buy or sell price), and so to make it even easier it is the price at which your broker or bank is willing to sell or buy your requested trade order. As a retail foreign exchange trader, the most important factors that affect your trading is trade execution quality, speed and spreads. In order to best comprehend the above 6 factors, you will have to keep in mind that currencies are traded against one another. So when one falls, another one rises as the price denomination of any currency is always stated against another currency. As such, an LimeFX client sells one currency against another at a current market rate.
This fee encourages active trading and helps cover administrative expenses. LimeFX offers a transparent fee structure that traders can consider when evaluating their trading costs. In evaluating trust and safety, LimeFX’s strong regulatory framework, fraud prevention measures, client fund security, and emphasis on risk management contribute to its reputation as a reliable and secure broker. Traders can have confidence knowing that their investments are protected and that they are trading with a broker that operates under the supervision of respected regulatory bodies. Your live account will give you access to the LimeFX Members Area, which is were you will be able to deposit and withdraw funds from your trading account. In forex trading, minor currency pairs or crosses are all currency pairs that do not include the USD on one side.
It has robust features such as 60+ technical analysis tools, customizable charts, and support for automated trading via Expert Advisors (EAs). The Ultra Low Micro and LimeFX Ultra Low accounts offer commission-free trading with floating spreads starting from 0.8 pips, typical of many other brokers we’ve analyzed. LimeFX also offers demo trading accounts, providing a risk-free environment in which to explore its platforms and available assets. LimeFX offers a range of trading platforms to suit different preferences and trading styles. LimeFX provides CFD trading, which allows traders to speculate on the price movements of these assets without actually owning them. To deposit funds to the trading platform you trade on, you will first be required to open a live trading account.
What are CFDs?
Yes, based on your detected country of FI, you can open an account with this broker. The account opening process with LimeFX is straightforward and user-friendly. When it comes to trust and security, LimeFX has taken significant steps to establish itself as a regulated and secure broker. If you already have an LimeFX account, please state your account ID so that our support team can provide you with the best service possible.
ForexBrokers.com 2024 Annual Awards
Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. In our analysis of 23 international regulators across 62 of the best forex brokers, Interactive Brokers is considered Highly Trusted, with an overall Trust Score of 99 out of 99.
In the forex trading marketplace, when we refer to execution we mean the speed at which a foreign exchange trader can actually buy or sell what they see on their screen or what they are quoted as bid/ask price over the phone. A good price makes no sense if your bank or broker cannot fill your order fast enough to get limefx forex broker that bid/ask price. The broker has issued a ‘best execution policy,’ a legal mandate that requires brokers to deliver the most optimal price quotes under the prevailing market conditions. It also has a strict Client Categorization policy, which determines the best services for a trader based on their experience level. Compared to the industry benchmark, LimeFX’s swap charges are low to average and suitable for longer-term trading. Furthermore, LimeFX’s 360-degree research content affords the broker’s clients a broad overview of market developments.
