Online Forex Broker Reviews and Ratings

We have in-depth guides on MetaTrader if you’d like to learn more; check out our guide to MT4, or read our in-depth guide to MT5. Yes; in case you were wondering, 78% of the brokers reviewed on BrokerNotes.co offer copy trading. To learn more about social copy trading (and to see our picks for the best forex brokers for copy trading), check out our guide to copy trading. Here’s how LimeFx fares in providing clients with the most common types of educational content. 92% of the brokers in our database (60+) offer Visa/Mastercard, 77% offer Skrill, 70% offer Neteller, and 45% offer PayPal.

This ensures a high level of investor protection and adherence to strict regulatory standards. However, it’s worth noting that LimeFx offers a commission-free account type (the Standard account), where costs are included in the spread. This might be a more suitable option for beginner traders or those who trade in smaller volumes. LimeFx provides many trading tools to enhance the trading experience of its clients.

Traders should be aware of currency conversion fees when trading assets in a different currency. Withdrawal fees are transparent, ensuring traders know what to expect. Traders engaging in Contract for Difference (CFD) trading will find LimeFx’ fees reasonable and competitive. Following hotter-than-expected US CPI inflation numbers pulling the EUR/USD southbound yesterday, the currency pair is now testing the mettle of long-standing support ahead of today’s ECB rate decision. While the central bank is unlikely to cut rates today, there is mounting speculation that we will see a 25bp cut at June’s policy-setting meeting, particularly… These educational resources are accessible through the LimeFx website.

The company allows beginner traders to come on board by keeping its deposit requirement as low as 100 AUD. LimeFx has a desktop, web, and mobile trading platform for the ease of its users. The Metatrader 4, Metatrader 5, Iress Essential, https://limefx.biz/ Web Trader, and Mobile App are available on LimeFx. Let’s take a look at both desktop and mobile trading platforms in this section of the review. A step-by-step guide to creating accounts on both platforms will also be explored.

1. As shown in the table below, RAW Account holders pay $3 per side, per 100k traded, while most brokers charge $3.50.
2. 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.
3. LimeFx does not charge an inactivity fee, which benefits traders who may not trade frequently.
4. PAMM is a Percentage Allocation Management Module Manager that acts as a pooled money for forex trading.

This article will discuss in detail the broker’s pros and cons, regulations, online reviews, mobile app, deposits and withdrawals, fees and commissions, account types, education, and customer service, among many other things. During standard hours from 9 AM to 6 PM EST, traders can access live customer support for prompt assistance. Beyond these standard hours, the broker ensures that support remains available, accommodating its global clientele. Multi-channel support is a highlight, offering live chat, email, and phone support, enhancing accessibility and allowing traders to choose their preferred communication method.

To login to your LimeFx trading account, open the trading platform and select the appropriate server (MT4/MT5). In addition to all the customer services mentioned above, the broker also has social media handles to keep their customers up to date. Their phone number and official social media links are mentioned below here in this review. Email support is also available, with a wait time of only 30 minutes.

Does LimeFx accept Canadian clients?

ETFs are passive investment instruments that trade in financial assets at their current market price. Investors in ETFs do not need to physically purchase the investment instrument. These unique features collectively empower traders to navigate the complexities of the financial markets with precision and confidence. In summary, LimeFx demonstrates its commitment to providing traders with the tools and insights they need for successful trading endeavors.

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. For those interested in low spreads, the RAW account is advantageous, though standard account users may find spreads slightly less competitive when compared to other top brokers. 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.

Is LimeFx ECN?

Our mission is to provide in-depth, unbiased reviews of international forex brokers, and to create world-class content about the global forex industry. Since inception, ForexBrokers.com has helped millions of traders compare and choose the best forex and CFD brokers. LimeFx is a multi-regulated broker that has been serving the needs of traders for over 17 years. It provides access to a wide range of trading instruments and multiple platforms. Additionally, it provides all of the fundamental and sophisticated tools necessary for an engaging trading experience.

The broker also provides an extensive range of charting capabilities across its platforms. Investors should seek out a broker that offers reasonable fees, a user-friendly interface, exceptional customer service, and a breadth of offerings. CMC Market is our top pick, but your needs may be better-suited by another forex broker on our list. 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. At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers.

Range of Offerings

We’ll be discussing these different kinds of fees in this section of the review. In summary, LimeFx prioritizes efficiency and transparency in its deposit and withdrawal processes, aligning with its commitment to providing trader-friendly services. These policies contribute to LimeFx receiving a top rating for its deposit and withdrawal procedures. LimeFx earns a top-notch rating in trust and safety due to its extensive regulation, comprehensive fraud prevention measures, and stringent client fund security protocols.

LimeFx provides access to famous 19+ indices like S&P 500, NASDAQ 100, EUREX, etc. The broker also has a partnership with financial institutions to ensure competitive margins at just 1% with zero commissions. The trading platforms for trading indices are MetaTrader 4 and MetaTrader 5. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including limefx scammers the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Interactive Brokers is well known for its low costs and powerful trading platforms preferred by active and professional traders.

While conducting our evaluations of online forex brokers, we’ve collected over 360 data points that track the research-specific features that are most important to traders and investors. LimeFx offers 4 of those 5 features, whereas the average forex broker offers 3 of those features. LimeFx received an overall rating of 7/10 in the research category, contributing to its overall category ranking of #25 out of the 62 brokers in the BrokerNotes database.

ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. One downside for American traders is that many top forex brokers are based in the U.K. And simply won’t accept them as clients because of their citizenship. IG allows spreads as low as 0.8 pips (a pip is one ten-thousandth of a point) on the most traded currency pairs, and says that its pricing is at least 20 percent lower on the euro-dollar pair than the top U.S. brokers.