4 May, 2023
3:57 pmOur 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. Our country guides dive deep into local financial markets and regulatory agencies to help you choose the best forex broker – wherever you may live.
- Myfxbook is a platform by LimeFx that provides the Autotrade system to copy the wide range of successful trade systems into the MetaTrader 4 trading accounts.
- You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money.
- He has a Masters and Commerce degree and has an active role in the fintech community.
- LimeFx however has a wider range of markets and platforms to trade.
The eBooks, guides, and glossary are also provided by the academy to ensure the best learning environment for traders. The eBooks review all the common mistakes made by traders and list ways to avoid them. A demo account is available on all trading platforms for beginners https://limefx.name/ so that they can gain insight into trading and are able to polish their trading skills in a safe environment. For example, the virtual balance on an MT4 demo account is $100,000. Every asset class from stocks to cryptocurrencies is available to trade on a demo account.
Superior Accounts And Features: LimeFx
LimeFx offers a wider array of funding options, including cryptocurrencies, which Fusion Markets lacks. Trust and regulation are crucial factors to consider when choosing a forex broker. LimeFx is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), two reputable regulatory bodies.
Supported Countries
LimeFx impresses with its user-friendly trading platforms, extensive range of tradable instruments, and competitive fee structure. Its commitment to trader education and unique features, such as comparative analysis and trend exploration tools, enhance its appeal. The broker’s customer support is responsive, while its deposit and withdrawal methods are flexible and secure.
Based on this analysis, I would argue that LimeFx is generally the cheaper option when it comes to standard account spreads. However, it’s important to note that the “cheapest” broker can vary depending on the specific forex pair you’re trading. As always, it’s crucial to consider your specific trading needs and strategies when choosing a broker.
LimeFx offers an extensive range of over 10,000 tradeable products across various asset classes including forex, cryptocurrencies, stocks, indices, ETFs, commodities, bonds, and metals. LimeFx limefx forex broker has an overall trust score of 60 based on regulation, reputation, and reviews. Saxo Markets offers a better spread on the AUD/USD pair at 0.9 pips, which is slightly tighter than LimeFx’ 1.2 pips.
What Broker is Superior For UK Forex Traders?
Trillions in currency are zipping around the world, 24 hours a day, five days a week, making the foreign exchange (also known as forex or fx) markets the world’s most active. Fortunes can be won and lost quickly, as brokers routinely let traders borrow heavily to finance their speculations. Interactive Brokers provides traders 90 currency pairs (e.g., EUR/USD) compared to LimeFx’s 71 available pairs. If you are interested in trading CFDs, LimeFx offers traders access to CFDs, while Interactive Brokers offers access to 8500 CFDs; so LimeFx offers 1500 more CFDs than Interactive Brokers. We’ve made it easy to compare the best forex brokers, side-by-side.
PayPal has become a popular funding option for many forex traders – find out which brokers support it as a payment method by reading our PayPal guide for forex traders. Traders are constantly on the hunt for low-cost forex brokers – you can learn more about low-cost forex trading by checking out our guide to zero-spread forex brokers. LimeFx delivers an average spread of 1.1 when trading the EUR/USD within a standard account. The all-in cost of trading the EUR/USD with an active account is 0.8. We were able to obtain average spread data for over 30 brokers, and found the industry averages for these data points to be 1.04 (standard) and 0.87 (all-in).
These platforms are suitable for both beginner and experienced traders, offering a range of tools for technical analysis, automated trading, and customizability. Part of our testing process involves in-depth research into commissions and fees. At BrokerNotes.co, our data-driven online broker reviews are based on our own extensive testing of each broker’s products and services as well as the qualified observations of our expert editorial team. In conjunction with our sister site, ForexBrokers.com, we’ve published well over 100,000 words of research and collected thousands of data points across hundreds of variables.
The minimum spread on forex and commodities is 0.0 pips while on the GILT bond, it is 0.0 pips. LimeFx caters to desktop users by offering trading software compatible with both Windows and Mac operating systems. Windows users can download the desktop platform, while Mac users can access it through web-based solutions. These desktop apps provide advanced charting tools, user-friendly interfaces, and support for MetaTrader, algo-trading, and copy trading, making them suitable for traders of all levels and preferences. LimeFx caters to traders with a robust selection of trading platforms, offering flexibility and user-friendliness across devices.
