Trading with competitive spreads through MT4 & MT5 platforms generates profits consistently. The commission charged on these trades is executed exactly how they are displayed on the website. Every LimeFx trading account gets access to over 150 instruments, which also a significant plus point. The Premier trading account, in particular, is best suitable for experienced traders.
- Traders can even use the Autochartist and Trader Toolbox plugins for Metatrader to add to the already impressive feature set.
- The Meta Trader platform comes with the EA (Expert Advisors) function, which is something of a market leader in terms of robo trading.
- There is also a very extensive range of advanced settings to allow traders to build trades and contingent orders exactly to their liking.
- Above all, LimeFx is our top CFD broker with competitive ECN-style pricing, and a great range of assets you can trade.
The main reason to use IRESS is to access LimeFx full range of stocks and to use DMA trading. 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. Lastly, the minimum deposit for all accounts is 50 USD/EUR/GBP outside of Australia or AUD$100 for Australian traders.
Review of trading conditions for traders of LimeFx
Nevertheless, according to Forex.com, it may still take to the receiving bank up to 48 business hours to process (but Forex.com does not delay the withdrawal). Access all your favourite products from one convenient app through one account. The profits and losses when trading with LimeFx are leveraged accurately.
As a no dealing desk broker (NDD) with STP (straight-through processing) of orders, LimeFx offers low spreads with its RAW account. In fact, the broker’s RAW account has lower spreads than its Standard account. LimeFx limefx forex broker offers spreads from as low as 0 pips with low commissions, depending on what base currency you fund your account with. To keep spreads low, a commission is paid so that LimeFx doesn’t have to widen its spreads.
The company has partnered with well-known and best platforms in the trading industry. This includes MetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, and cTrader. The MetaTrader 4 and 5 both come with mobile trading apps from the software vendor, MetaQuotes.
- It embodies a fusion of unparalleled capabilities, intuitive interfaces, and technological prowess, designed to cater to traders with varying levels of expertise.
- Some brokers may have to make a minimum deposit of $6,500, while some may have to deposit $10,000.
- The commission charged on these trades is executed exactly how they are displayed on the website.
- Under certain circumstances, the brokers may close the inactive accounts and transfer the balances to the respective clients through the linked bank details.
- When opening a new account you can select between classic or professional accounts which differ in the trading costs that will apply to your trading account.
- Join us on your trading journey and experience the LimeFx advantage.
He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, https://limefx.vip/ among other media outlets. 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.
Platform Info
One thing to note is the broker advertises zero deposit fees, but that isn’t technically true. The charge is 1.8% in the case of an Australian card, and 3.18% for international cards. Overall, LimeFx is a strong choice for traders of varying levels of experience. However, as with any financial decision, it’s essential to conduct thorough research and consider personal trading needs before opening an account with any broker.
Introducing the LimeFx Trading App
It primarily operates in English and provides support for Spanish, Romanian, Portuguese, Bulgarian, Russian, Arabic, Italian, French, and Greek languages. It also operates in the regionally-native languages such as Latvian, Philippines, Polish, Thai, Indonesian, Malay, Vietnamese, and German. The broker runs an excellent customer service, which is rated as a AA (double-A) grade service, particularly due to its responsiveness in live chat, email communications, and multi-linguistic support.
LimeFx Commission and Fees
In exploring the robust functionalities of MT4, traders uncover a world of potential, unveiling new horizons in their trading journey. LimeFx opens up a world of trading possibilities, offering you access to a wide range of financial instruments to diversify your portfolio and seize market opportunities. Whether you’re a seasoned trader or just starting your trading journey, LimeFx caters to your needs.
About This Broker
European accounts are regulated by the Cyprus Securities and Exchange Commission (CySEC). Having their headquarters in a developed economy means it has to deal with a lot of regulatory oversight from the Australian Securities and Investments Commission (ASIC). Regardless, if you are just starting out or a veteran trader who has a large risk capital to safeguard against misconduct by brokers.
Our Verdict of LimeFx
Like most reputable brokers, spreads or commissions are added to every trade (depending on the account type and trading instrument), meaning LimeFx earns a small amount for every trade you make. Additionally, there are overnight fees (also known as swap rates) for open positions. The amount is calculated based on various factors, such as order size, trading instrument, and other factors. On a positive note, we have to mention LimeFx is very transparent about these costs, and as a low-cost broker, the expenses are reasonable, considering the amount of support the broker provides. For the second IRESS account, the Platinum IRESS Account minimum deposit is $25,000 AUD or equivalent.
As of October 2020, the average spread on the AUD/USD pair is 1.31 pips for Standard traders and 0.21 pips for Raw ECN traders. Similarly, the average spread on the EUR/AUD pair is 0.8 pips for Raw ECN traders, while Standard account holders can trade with 1.9 pips. For CFD indices, LimeFx offer a spread ranging between 0.2 pips to 2.21 pips on Australia 200 index Cash (AUS200). Meanwhile, the CFD index of US 30 Index Cash (US30) gets a spread ranging from 0.4 pips to 5.49 pips. Moreover, LimeFx offers a wide range of trading platforms, supporting mobile trading for its clients.
Leave a reply