The CFD broker boasts a TrustPilot score of 4.9 out of 5 from 5,478 reviews, indicating high levels of client satisfaction and trust in the broker’s services. LimeFx has an overall trust score of 60 based on regulation, reputation, and reviews. If you live in Australia, you also have the option of opening an IRESS trading account. While designed for stocks, other selected CFD products are also available on the platform. In most cases when using IRESS, you will pay a monthly fee of $55.
Review Methodology
With 71 forex pairs and a total of 10,000 tradable symbols, far surpassing the industry average of 3,623, the broker offers extensive trading opportunities. While our evaluation points to an average performance of the LimeFx mobile trading apps, they still provide a solid, functional mobile trading experience that can meet most traders’ needs effectively. LimeFx is the leading online brokerage of its kind in Australia and this is reflected in their offering of investments. They provide you with access to 8 different global exchanges. You can get all types of ASX shares in the form of CFDs and you are able to short as many as 300 different CFDs.
Is FOREX.com or LimeFx safer for forex and CFDs trading?
Based on our research on the regulatory status of over 60 brokers, we’ve found that Pepperstone holds 3 global Tier-1 licenses, while LimeFx holds 2. Pepperstone holds 2 global Tier-2 licenses, while LimeFx holds 1. 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).
Is FxPro good?
If a client submits a receipt showing an original deposit fee of no more than 50 USD, LimeFx will reimburse the international bank fees charged by the client’s bank for deposits over 10,000 USD. LimeFx’ RAW account offers ultra competitive raw pricing, especially for AUD/USD and EUR/GBP, with spreads at 0.20 and 0.30 pips respectively. When trading LimeFx commission-free spreads, MetaTrader 4 and MetaTrader 5 are available as trading platform options, and for those located outside Australia and the EU, cTrader is also an option. We assess, rate, and rank dozens of international forex brokers. Our country guides dive deep into local financial markets and regulatory agencies to help you choose the best forex broker – wherever you may live.
Is Forex Good for Beginning Investors?
Yes, based on your detected country of FI, you can open an account with this broker. 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 FxPro (90) earned a higher Trust Score than LimeFx (87). In addition, investors will closely follow the US Consumer Confidence Report in Michigan. You can start with as little as $100 in most cases, but it’s important to note that forex trades are made in standard lots of 100,000 units of currency. Then you’ll want to build out your strategy for trading in the forex markets.
Does LimeFx or FxPro offer lower pricing?
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- Pepperstone is ideally suited to traders who want a manageable range of low-cost offerings, multiple choices of user interfaces and account types, and efficient customer support.
- FOREX.com provides traders 91 currency pairs (e.g., EUR/USD) compared to LimeFx’s 71 available pairs.
- There are four main different types of options if you need to get in touch with a member of the FP Market customer support team.
LimeFx provides traders 71 currency pairs (e.g., EUR/USD) compared to FxPro’s 70 available pairs. If you are interested in trading a full range of securities, LimeFx offers traders access to tradeable symbols, while FxPro offers access to 2249 tradeable symbols; so LimeFx offers 7751 more tradeable symbols than FxPro. Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.
Most of LimeFx’ research is found under the Traders Hub section on its website, where it is separated into technical and fundamental analysis. When compared to the best brokers for research, including IG, Saxo, CMC Markets, LimeFx has room to improve, and could enhance its research offering by expanding it to include a wider array of daily content. Both LimeFx and FxPro offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).
There are many great tools and indicators for the trading experience and it is highly customizable. 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 meet all of the appropriate compliance checks and balances. The minimum deposit requirement at LimeFx is 50 USD/EUR/GBP for Europe and 100 AUD (or its equivalent) for both Australia and international clients, with a higher minimum deposit of 1000 AUD for Iress accounts in Australia.
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s https://limefx.biz/ in-depth product testing. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
Finally, we found FOREX.com to provide better mobile trading apps. To compare the trading platforms of both Pepperstone and LimeFx, we tested each broker’s trading tools, research capabilities, and mobile apps. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that LimeFx offers better pricing overall for traders. The Australian broker is known for its low spreads, extensive range of trading platforms like MT4 and MT5, and quick execution speeds. With a wide selection of over 10,000 markets, it caters to various traders, providing educational resources for beginners and ECN pricing for experienced traders.
Upon registration, you have the option to select your preferred account base currency, which will be used for calculating commissions and managing your funds. For Iress accounts, a higher minimum deposit of 1000 AUD is required in Australia. LimeFx has a low minimum deposit and offers a range of fee-free deposit and withdrawal methods.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.
To deliver on this successfully, IG has adopted the time-honored adage, “go big or go home” because it can. Low spread costs, an emphasis on customer service and education, actionable research, and functional user interfaces make this broker well-suited to compete in the online forex broker market. London Capital Group (LCG), founded in 1996, has continued to keep pace in the highly competitive online brokerage space.
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. Regulated by ASIC and CySEC, and offering international services under offshore regulation, it ensures a secure trading environment. However, traders outside Australia and Europe should be mindful of regulatory differences. LimeFx equips traders with essential research tools and educational resources, ensuring a well-rounded trading education and informed decision-making through comprehensive market analysis and strategies. This policy ensures that traders can manage their funds efficiently without worrying about additional costs. For international deposits, LimeFx goes a step further by offering to cover internal bank fees.
You can also make bank transfers and there may be fees that your bank charges you for making such transactions. There is also a number of different e-wallets for you to choose from, such as Skrill, BPAY and PaySEC. Generally, you will not be paying fees to MetaTrader scammed by limefx account, but the e-wallet fees to the Iress platform will range usually from 3-4%. The fees and commission at LimeFx changes depending on what type of account you are signed up to. It also is dependent on the type of asset that you are trading.
