However, it’s important to remember that while LimeFx does not charge for withdrawals, clients may face fees from intermediary banks for international transactions. Still, LimeFx secured the 10th spot among 20 brokers, confirming it as a broker with effective execution speeds. Our ranking process includes detailed testing of execution speeds in different trading situations to guarantee the precision and dependability of our results. In our execution speed testing, LimeFx achieved market order speeds of 96ms, better than the industry’s 134ms average, although its limit order speed was slower at 225ms. Outside of Australia and Europe, the online broker is regulated offshore in South Africa (FSCA), Seychelles (FSA), and Mauritius (FSC).
Traders can benefit from credit upgrades and bond yield because of low volatility and fewer risks. The income is fixed and already predictable making the bond investment an attractive opportunity for traders. Exchange-traded funds (ETFs) are a type of security that investors can buy or sell on the stock exchange through a brokerage company.
- Additionally, each platform is available on different devices, ranging from mobile apps, to webtrader options, and desktop trading platforms.
- One of the standout features of LimeFx is its competitive spreads, which enhance the cost-effectiveness of trading across various asset classes.
- One of the users raised a query on Quora regarding the legit status of LimeFx, in response to that, Kane Ferdinand shared his personal experience and referred to it as a promising broker.
- The broker also has a partnership with financial institutions to ensure competitive margins at just 1% with zero commissions.
- 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.
For Iress accounts, a higher minimum deposit of 1000 AUD is required in Australia. LimeFx enhances its trading environment with a suite of features and add-ons designed to support and enhance the trading strategies of its limefx forex brokers reviews clients. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.
ForexPeaceArmy Users Reviews About LimeFx
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active https://limefx.name/ fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Yes, based on your detected country of FI, you can open an account with this broker.
Futures Fees
Investors trade in the forex markets as a hedge against international currency and interest rate risk, as a means to speculate on geopolitical events, and to diversify their portfolios, among other reasons. We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
Is LimeFx good?
It offers a broad variety of brokerage services geared towards sophisticated active traders, investors, professionals, and institutions. Smaller account holders may be disappointed by higher account minimums, a variety of fees, and fewer customer support options. Tiered accounts offer lower trading costs and added benefits as equity grows, but the majority of retail traders will have a tough time reaching the higher customer tiers. Our editorial team is led by Steven Hatzakis, an industry veteran with decades of experience and a deep understanding of the forex market. Our team conducts thorough testing on a wide range of brokers, platforms, products, technologies, third-party trading tools, and mobile apps.
Based on our research on the regulatory status of over 60 brokers, we’ve found that Interactive Brokers holds 9 global Tier-1 licenses, while LimeFx holds 2. Both Interactive Brokers and LimeFx hold 1 global Tier-2 licenses. Both LimeFx and Fusion Markets offer the popular MetaTrader 4 and MetaTrader 5 platforms, known for their reliability, user-friendly interface, and advanced trading features.