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.
Consumer Products & Retail
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.