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.
View All Consumer Products & Retail
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.