Our extensive testing and review of LimeFX reveal it as a top choice for forex and CFD traders seeking a robust trading environment with competitive fees. Our experience and the data show that LimeFX stands out in the industry, especially for those looking to trade a wide variety of instruments. LimeFX caters to desktop users by offering trading software compatible with both Windows and Mac operating systems. Windows users can download the desktop platform, while Mac users can access it through web-based solutions. These desktop apps provide advanced charting tools, user-friendly interfaces, and support for MetaTrader, algo-trading, and copy trading, making them suitable for traders of all levels and preferences. limefx scam LimeFX offers mobile trading apps for both Android and iOS devices, providing traders with convenient access to the markets while on the go.
Nurturing Trader Knowledge
Traders should always trade with a regulated broker but ensure that the trading environment remains competitive. Australian clients will deal with the subsidiary, regulated by the Australian Securities and Investments Commission (ASIC) – a tier 1 regulator, First Prudential Markets PTY LTD. LimeFX operates under the protection of the Act of Grace mechanism under section 65 of the Public Governance Performance and Accountability Act 2013. Australian clients remain shielded from potential damages by the Scheme for Compensation for Detriment caused by Defective Administration (CDDA Scheme). Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency.
He has Finance degree at Monash University and is an investor in shares and equities and successfully started and sold the online business Hearing Choices. While IG doesn’t require an initial amount, they do recommend traders start with at least $100. With a search volume of 2,000,000 hits monthly on Google, IG Group sure is pretty popular among traders worldwide. IG advertises 14ms execution speed and over 7 million orders executed each month.
Does IG Group or LimeFX Have Lower Costs?
New traders can benefit from educational resources, including webinars and videos. LimeFX also offers an Academy for traders, providing trading courses, live webinars, podcasts, trading guides, and more. Overall, the research & education at LimeFX are of high quality and add value to the core trading environment. LimeFX is an Australian multi-asset broker with more than $1 billion in daily trading volume, serving clients from 80+ countries. Founded in 2005 in Australia, LimeFX grew into a trusted brand over the past 15+ years with more than 100 employees. The upgraded MT4/MT5 trading platforms, via the Trader Tools consisting of twelve plug-ins, present clients with a competitive edge.
- In summary, LimeFX demonstrates its commitment to providing traders with the tools and insights they need for successful trading endeavors.
- Multi-channel support is a highlight, offering live chat, email, and phone support, enhancing accessibility and allowing traders to choose their preferred communication method.
- Traders passionate about MT4 will appreciate the offerings from LimeFX.
- LimeFX stands out for its comprehensive suite of educational resources, designed to enhance the trading knowledge and skills of its clients.
LimeFX Unique Trading Features
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. In summary, LimeFX offers a straightforward account opening process. Traders should be aware of currency conversion fees when trading assets in a different currency. While there’s no account inactivity fee, it’s essential to note that other fees might apply. Traders engaging in Contract for Difference (CFD) trading will find LimeFX’ fees reasonable and competitive. Versus, comparison pages of alternative online brokers to LimeFX are listed below.
The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option. 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.
It provides a demo account, offering a risk-free environment for practice. Managed accounts are available for those preferring professional management. The broker’s user-friendly interface, educational resources, and demo account make it suitable for beginners. Simultaneously, its extensive range of instruments, low spreads, and advanced trading tools cater to professional traders. However, it’s important to note that LimeFX does not currently accept traders from the United States. This diverse account offering ensures inclusivity and flexibility for traders of varying experience levels and preferences.
Adding more advanced video courses would only serve to improve LimeFX’ educational experience. No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page. However, with the $100 minimum they recommend, we feel that LimeFX comes close. Overall, LimeFX has more funding methods and accepts more currencies than IG. Finally, we found LimeFX does limefx courses scam not charge any withdrawal fees, which makes this broker a better choice.