Month: March 2021

LimeFx requires a minimum deposit of $50 before you can open an account and start trading forex. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed limefx website during that time. 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.

The ¥150 level has recently acted as a formidable barrier, leading to sharp market declines upon approaching it. Breaking through this level, particularly on a daily closing basis, could trigger a significant upward surge, potentially propelling the market toward the ¥152 level. The ¥152 https://limefx.group/ level carries historical significance as a prior resistance point from which the market retraced. At present, the ¥147.80 level emerges as a critical support area to watch. This level has the potential to provide a strong foothold for the US dollar amidst the ongoing market fluctuations.

• The prevailing interest rate differentials and market fundamentals favor a bullish stance on the US dollar, making it an attractive proposition for those seeking opportunities in the currency market.
• Each account offers free delayed market data and free telephone trading.
• On the other hand, FxPro offers FxPro Edge, a platform that allows for spread betting, a form of trading that is tax-free in the UK and Ireland.
• Not every broker publishes average spread data, and pricing structures vary.

Also, the non-Premier accounts require you to pay $22 for ASX live data unless you generate $50 a month, but this is again waived for the Premier account. If you live in Australia, you’ll be able to open an IRESS trading account instead, which isn’t a million miles away from the accounts outlined above but does work differently. You would only choose this account if you want to trade stocks however selected other CFD products are available. After eleven consecutive weeks of gains, the US Dollar Index finally closed lower at the end of last week, but only by a very small amount. These factors may indicate that while the long-term trend remains bullish, we are about to see a deeper retracement. This could be supported by markets beginning to re-establish some risk appetite despite the environment of relatively high bond yields.

My Services

Both LimeFx and FxPro offer a range of trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader. These platforms are highly regarded in the forex trading community for their advanced charting tools, automated trading capabilities, and user-friendly interfaces. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that LimeFx offers better pricing overall for traders. Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.

• Both LimeFx and FxPro offer a range of reputable trading platforms that cater to different types of traders.
• We’ve made a list of the best forex trading accounts worth trading with.
• LimeFx is consistently among the best of all brokers when it comes to ECN pricing accounts.
• At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose the most well-regulated, highly trusted forex brokers.
• This LimeFx vs easyMarkets review found big contrasts between each broker.

All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Actually, LimeFx accepts clients from all over the world excluding retail FX traders residents in the US, Japan or New Zealand.

LimeFx vs easyMarkets

LimeFx offers the Iress platform suite for share trading, but MetaTrader is the primary platform option for forex and CFD trading. 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 2023 Annual Awards. LimeFx shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader or cTrader platform. 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. All LimeFx trading platforms have an impressive range of features.

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One broker has no dealing desk and variable spreads, the other is a market maker with fixed spreads. The trading platform is essential as you can’t execute a trade without it. Additionally, trading platforms provide
price charts and an assortment of analytical tools to help traders with their strategies. It comes with advanced features like direct market access, advanced order types, and comprehensive charting tools.

EURUSD

Yes, based on your detected country of FI, you can open an account with this broker. LimeFx offer many different ways to contact their representatives, and customer service is open 24/7. Cryptocurrency CFD trading is not available to clients in the UK as the FCA banned the trading of this derivative. After beginning the registration process, you’ll be prompted to enter your personal details, including your name, address, and experience as an investor. To ensure you have the best MetaTrader experience, LimeFx also includes the ‘Traders toolbox’.

FxPro, on the other hand, requires a minimum deposit of $100 for its MT4 and MT5 accounts, and $500 for its cTrader and FxPro Edge accounts. 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.

As long as bond markets maintain their current course, a significant pullback in the US dollar seems unlikely. We’ve made a list of the best forex trading accounts worth trading with. A potential support level lies around ¥147.80, a region where the 50-day Exponential Moving Average is converging.

Compare Vs LimeFx: Which is the Better Forex Broker in 2023?

It also offers unique features like dealCancellation, which allows traders to undo losing trades within an hour for a small fee. Here’s a list of some of the best Forex trading platforms to check out. Recent weeks have seen a deterioration in risk sentiment, which has sent stock markets lower and the US Dollar higher, but a more complex picture has emerged in recent days despite high yields and volatile bond markets.

The selection of stocks is very limited if you are using the MetaTrader 4 trading platform. So you are better off using the MetaTrader 5 or IRESS (Australia only) when trading stocks. LimeFx is really a CFD broker since they offer more than just forex CFDs. In addition to the 60+ currency pairs, you can trade various other assets. After making a declaration regarding your experience with trading, you’ll finish the sign-up process and be given an account number.

I can see how what is written might be interpreted to mean LimeFx Grenada entity might be using a different source of liquidity to their other entities. Hi Clement, If you have an account with LimeFx Australia then I would expect you should be able to use the IRESS account. As I understand it, it’s only the LimeFx subsidiaries outside Australia that don’t offer IRESS, so in your case I don’t believe you should need to use the VPN. One of the things we love about LimeFx is that there’s a wealth of resources available on the website to help you educate yourself on using the platform — and trading in general.

On the other hand, FxPro offers FxPro Edge, a platform that allows for spread betting, a form of trading that is tax-free in the UK and Ireland. At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose the most well-regulated, highly trusted forex brokers. Based on our research on the regulatory status of over 60 brokers, we’ve found that Both LimeFx and Vantage hold 2 global Tier-1 licenses. LimeFx shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.

Most of LimeFx’ research is found under the Traders Hub section on its website, where it is separated into technical and fundamental analysis. When compared to the best brokers for research, including IG, Saxo Bank, CMC Markets, LimeFx has room to improve, and could enhance its research offering by expanding it to include a wider array of daily content. Forex and CFD traders will find a versatile, affordable MetaTrader and cTrader offering at LimeFx, but without the research and educational content offered by industry leaders. There are a few commodities available, including gold, oil, agricultural products, and silver.

• In this case, supports trading with
  , while
  LimeFx presents the ability of trading with
  Forex, Indexes, Metals, Crypto, ETFs, Stocks, Commodities, Gold & Silver.
• Headquartered in Sydney, Australia, LimeFx (First Prudential Markets) was founded in 2005 as an online retail forex and CFD broker.
• Additionally, trading platforms provide
  price charts and an assortment of analytical tools to help traders with their strategies.

It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios. Our research team conducts thorough testing on a wide range of features, products, services, and https://limefx.name/ tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. LimeFx is has one lowest spread and is regulated with ASIC and CySEC regulations.

LimeFx vs FxPro Comparison

Our LimeFx review found this Forex broker has a good trading platforms, a wide range of CFD markets as well as fast execution speeds. On the commission front, both brokers charge a commission for certain types of accounts. LimeFx charges a commission of $7 per lot for its RAW account, while FxPro charges a commission for its cTrader account, with the exact amount depending on the trading volume. However, FxPro offers commission-free trading on its MT4 and MT5 accounts, which could be a significant advantage for traders who prefer these platforms.

• Then, you’ll choose your desired trading platform (MT4 or MT5), account type (either standard or raw), and base currency.
• Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
• If you live in Australia and open an IRESS account, you’ll need to download the IRESS trading platform software, which we’ll explain in more detail later.
• This could be supported by markets beginning to re-establish some risk appetite despite the environment of relatively high bond yields.

Conversely, the ¥150 level looms as massive resistance, significantly influencing the market’s behavior. Both LimeFx and FxPro offer excellent customer service and provide a wealth of educational resources. In the “Trading Environment” category, LimeFx takes the lead due to its slightly faster execution speeds and deep liquidity. However, FxPro’s no-dealing desk environment is also a strong point in its favour. Adding more advanced video courses would only serve to improve LimeFx’ educational experience.

For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments. The Iress ViewPoint account option is less affordable, and is geared towards active traders with high-balance accounts.

EURUSD

Other factors such as execution speed, ease of use, and the trading environment can also play a significant role in your trading experience. To open a forex trading account with LimeFx, you’ll need to make an initial minimum deposit of $100 AUD. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. In our analysis of 23 international regulators across 62 of the best forex brokers, LimeFx is considered Trusted, with an overall Trust Score of 87 out of 99.

Neither have Int’l Stock Trading (Non CFD) and Cryptocurrency (Physical). After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we’ve determined that Vantage (90) earned a higher Trust Score than LimeFx (87). The awards add to the company’s impressive record of accolades this year, including ‘Best Trade Execution’ and ‘Most Transparent Broker’ at the Ultimate Fintech Awards APAC 2023 in June this year.

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Vantage is considered highly trusted, with an overall Trust Score of 90 out of 99. Overall, forex and CFD traders will be satisfied by the MetaTrader experience provided by LimeFx, though the scope of its research and educational offering are limited, when compared to the best brokers. LimeFx stands out for the competitive pricing available to forex traders with its ECN account. However, that pricing is only available with the MetaTrader platform, and LimeFx offers only 764 symbols on MetaTrader 5 (MT5). 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.

LimeFx has a medium level of regulation with one tier-1 regulator (ASIC), one tier-2 regulator (CySEC) and two tier-3 regulators. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Markets seem to have rediscovered some risk appetite despite relatively high and in some cases rising rates and yields.

About LimeFx

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. The below module compares average spreads of the RAW account spreads with the average spreads from similar accounts from other brokers. LimeFx is consistently among the best of all brokers when it comes to ECN pricing accounts. One feature that is impressive with FP Market is its execution speed.

Forex Spreads And Fees

Both LimeFx and FxPro offer a range of reputable trading platforms that cater to different types of traders. Whether you prefer MetaTrader, cTrader, IRESS, or FxPro Edge, both brokers have you covered. To compare the trading platforms of limefx company reviews both LimeFx and Vantage, we tested each broker’s trading tools, research capabilities, and mobile apps. As with most brokers, you can also open a demo account to test the waters before you trade your own money or pay a minimum deposit.

This LimeFx vs FxPro forex broker review found LimeFx has ECN-like spreads starting from 0 pips with USD 6 commission with MT4 and MT5. FxPro has variable and fixed spreads and has no commissions except with cTrader. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. There’s a minimum deposit of just $100, so you can get started on the platform without being a millionaire or committing all your money.

These features can be particularly useful for beginner traders who are still learning how to manage risk effectively. LimeFx provides deep liquidity, which ensures fast execution speeds and minimal slippage. On the other hand, FxPro offers a no-dealing desk environment, which means there is no conflict of interest between the broker and the traders.

In a sea of different trading platforms that all have very similar offerings, it’s tough to stand out, but LimeFx really does go above and beyond. Above all, its ECN-style pricing is hard to beat, and the range of assets you can trade and types of accounts and trading platforms available are other winning features. If you’re an experienced trader, it tends to be advantageous to opt for a raw account to take advantage of lower spreads. This makes it easier to do scalping, day trading, and other similar activities. This type of account is sometimes called an STP or ECN account since there is no dealing desk which means spreads are provided by the liquidity providers without price intervention from the broker.