With support for Autochartist plugin integration as well as platform add-ons from FX Blue as part of its Trader Toolbox offering, LimeFx is a great choice for traders who wan to use MetaTrader. LimeFx’ excellent MetaTrader offering had it finishing Best in Class for MetaTrader in our 2024 Annual Awards. LimeFx delivers a good variety of mobile apps for forex and CFD https://limefx.club/ traders. Its proprietary app has a nice layout for a new mobile app but lacks the advanced features that I’ve come to expect from the best brokers in this industry. Thankfully, Metatrader and cTrader platform suites are available as reliable alteranatives. LimeFx shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader or cTrader platform.
- LimeFx fares well across most key categories, though its research and education have room to improve.
- LimeFx complies with stringent regulations to ensure investor fund protection.
- The broker’s user-friendly interface, educational resources, and demo account make it suitable for beginners.
- In summary, LimeFx demonstrates its commitment to providing traders with the tools and insights they need for successful trading endeavors.
- For Apple, we test with the iPhone XS running iOS 16, and for Android we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 13.
Traders can have confidence in the broker’s commitment to maintaining a secure and trustworthy trading environment. Versus, comparison pages of alternative online brokers to LimeFx are listed below. LimeFx stands out for its comprehensive suite of educational resources, designed to enhance the trading knowledge and skills of its clients.
Exante Review 2024: Fees, Platforms, Apps, Safety, Pros & Cons
The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. LimeFx is a global forex trading and CFD broker established in 2005. It has its headquarters in Sydney, Australia, and is regulated by the Australia Securities and Investments Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC). This multi-regulated broker offers online trading services across various financial markets through a single account. LimeFx’ trading instruments, totaling 10,300+, include 60+ forex pairs, 10,000+ stocks CFDs, 19+ indices, 16+ commodities, 290+ ETFs and 2+ bonds. Notably, 5+ cryptos are also available to trade on the broker as CFDs.
Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. The MT4 platform has a limited selection of just four stocks, making MT5 or IRESS preferable if you are interested in share trading.
A Wealth of Trading Opportunities
According to our independent database (currently tracking over 2,200 data points), the average forex broker offers 29 of the 37 products and features currently tracked for our offering of investments category. LimeFx offers 30, which helped contribute to the broker ranking #18 out of 62 brokers overall in this category. Moreover, the platform tutorials are also offered to give a complete overview of the way trading platforms work and how traders can confirm their success using the latest features available on LimeFx platforms.
After carefully examining its terms and safety measures, we can refer to LimeFx as a safe and trustworthy broker. LimeFx charges no inactivity fee but they will disable the account if there is no activity for more than three months and there is no balance in the account. The account can be reactivated anytime by sending an email to LimeFx through the client’s registered email address. LimeFx does not charge an inactivity fee, which benefits traders who may not trade frequently. While there’s no account inactivity fee, it’s essential to note that other fees might apply.
Nurturing Trader Knowledge
FP Markets 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. LimeFx offers its clients the advantage of no deposit or withdrawal fees, coupled with a broad selection of payment methods including credit cards, debit cards, bank transfers, and e-wallets. From advanced tools that facilitate automated and social trading to services that ensure the stability and efficiency of trade execution, these additional offerings cater to the diverse needs of traders.
For international deposits, LimeFx goes a step further by offering to cover internal bank fees. 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. Whether using iOS or Android devices, LimeFx ensures that traders have the critical tools they need right at their fingertips, making mobile trading both efficient and accessible. LimeFx offers a broad selection of over 10,000 products across multiple asset classes, making it a versatile choice for traders looking for extensive trading options. 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. Based in Sydney, LimeFx is a reputable online broker regulated by ASIC in Australia and CySEC in Europe, as well as offering services internationally under offshore regulation.
We also test for the availability of high-quality educational content, actionable market research resources, and the accessibility and capabilities of mobile platforms. All of our ratings and rankings are based on the collection and validation of thousands of data points and our in-depth product testing. 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.
The customer service representative is available anytime to help the users. The spread and commissions are lower than their competitors, which is what most of the users love about the broker. LimeFx has a 4.9/5 rating on Trustpilot – which is an exceptional rating for a forex broker. According to his comments, it limefx forex brokers reviews was evident that the customer service team issued prompt responses. Another user on Quora shared his great customer service experience in his comment, explaining that the team responded to his queries quickly. The user also mentioned that the spreads and trading conditions are good even in volatile market conditions.
According to our database, 92% of forex brokers allow you to trade U.S. stocks as a CFD, while only 28% allow you to own the stock itself. Autochartist is a trading tool on both MT4 and MT5 platforms that use charts to make traders understand trading opportunities. The forex, metals, commodities, indices, and crypto markets are available on this fully customizable technical analysis tool. The future performance of beginners can be improved through complex chart patterns.