While Eightcap offers a slightly lower spread for EUR/USD at 0.06 pips, LimeFx offers a spread of 0.10 pips, on par with leading competitors like Pepperstone and Admiral Markets. This includes an IF-DONE order type, which is a two-step order where the second step can’t be executed until the first step is completed. I also found you can use OCO orders which can be useful in trading breakouts.
Does Interactive Brokers or LimeFx offer lower pricing?
Additionally, it offers the opportunity to experiment with automatic trading strategies using Expert Advisors, further enhancing the learning and testing experience. LimeFx operates with a no dealing desk (NDD) model and works with various liquidity providers to offer competitive prices and deep liquidity across many instruments. This approach, along with direct market access (DMA) pricing, provides traders with tight spreads and quick execution times, leading to efficient and clear trading conditions. Areas we scored LimeFx the highest were excellent customer service (9/10), great educational resources (8/10) and a wide variety of funding methods (8/10). LimeFx has low spreads and is regulated with ASIC, CySEC and FSCA.
- Overall, LimeFx is a strong choice for traders of varying levels of experience.
- Many traders prefer to trade via an STP or ECN execution method, as your trades are sent directly to the market without any broker intervention.
- Through our hands-on analysis, we’ve narrowed down the top 13 options to meet diverse trading needs.
- By comparing LimeFx against these industry benchmarks, we aim to provide traders with a comprehensive and unbiased view of where LimeFx stands in the competitive forex brokerage landscape.
- You can view the sentiment of an instrument on a daily or hourly basis and adjust the confidence levels on predicted sentiment levels.
Research Tools
One of the standout features of LimeFx is its competitive spreads, which enhance the cost-effectiveness of trading across various asset classes. This can significantly benefit traders by reducing their transaction costs and optimizing profitability. Furthermore, the broker’s commitment to regulatory compliance adds an extra layer of security for clients, assuring them of a safe trading environment. https://limefx.group/ 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. Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that Interactive Brokers offers better pricing overall for traders.
Best for Share CFD Trading
London Capital Group (LCG), founded in 1996, has continued to keep pace in the highly competitive online brokerage space. This coupled with the ubiquitous MT4 (downloadable) platform and a functional mobile application, comprises LCG’s online consumer offerings. LCG provides access to a broad selection of CFDs and spread betting instruments across several different asset classes.
Whether using iOS or Android devices, LimeFx ensures that traders have the critical tools they need right at their fingertips, making mobile trading both efficient and accessible. From advanced tools that facilitate automated and social trading to services that ensure the stability and efficiency of trade execution, these additional offerings cater to the diverse needs of traders. LimeFx offers diverse stock trading options, including outright stock trading via the IRESS platform and share CFDs on MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Investors trade in the forex markets as a hedge against international currency and interest rate risk, as a means to speculate on geopolitical events, and to diversify their portfolios, among other reasons.
In the forex markets, currencies trade against each other as exchange rate pairs. The EUR/USD would be a currency pair for trading the euro against the U.S. dollar, for example. We research and reviewed dozens of forex brokers to help you decide which broker is right for your needs. One reason foreign exchange trading has grown in popularity over the years is because of CFD trading accounts. A ‘contract for difference’ trading account allows you to trade long and short using leverage. If you are based in the US and looking for an industry-leading forex broker, then tastyfx could be the broker for you.
Professionals can access commission-free ECN accounts from advanced trading platforms and become a strategy manager on its copy trading platform. To compare the trading platforms of both LimeFx and FxPro, we tested each broker’s trading tools, research capabilities, and mobile apps. To compare the trading platforms of both Interactive Brokers and LimeFx, we tested each broker’s trading tools, research capabilities, and mobile apps.
Choosing a safe, well-regulated broker that has competitive fees and easy to access to the markets is essential to competing in the world’s foreign exchange market. On top of the factors already discussed in this guide, you should also pay attention to the following points outlined below. In my experience, having the ability to access a wide range of research tools can help to execute high-probability trades.
Overall, LimeFx offers a competitive fee structure, as well as transparency, and flexibility. Traders can benefit from cost-effective trading while knowing what to expect in terms of fees and charges. Headquartered in Sydney, Australia, LimeFx (First Prudential Markets) was founded in 2005 as an online retail forex and CFD broker. The brand’s entities are regulated in Australia and Europe, with a total of 95 employees as of 2019.
It would be wise to exercise caution and take the time to educate yourself on the assets in which you wish to trade. There’s a wealth of education and research resources available through a number of forex trading platforms, so take the time to avail yourself of this information. Read our in-depth reviews of forex and CFD brokers, and compare the best online brokers side-by-side.
Although you don’t have to be a beginner to benefit from its offerings, LCG is hard to beat if you are just starting out. LimeFx caters to the modern trader’s need for mobility and flexibility by offering mobile trading options across its platform range. You can manage limefx scammers their accounts, monitor markets, and execute trades from anywhere, at any time. These apps are designed to provide a seamless trading experience on the go, featuring intuitive interfaces, full trading functionality, and access to real-time market data and analysis tools.
This policy ensures that traders can manage their funds efficiently without worrying about additional costs. For international deposits, LimeFx goes a step further by offering to cover internal bank fees. If a client submits a receipt showing an original deposit fee of no more than 50 USD, LimeFx will reimburse the international bank fees charged by the client’s bank for deposits over 10,000 USD.
Our ranking process includes detailed testing of execution speeds in different trading situations to guarantee the precision and dependability of our results. The CFD broker boasts a TrustPilot score of 4.9 out of 5 from 5,478 reviews, indicating high levels of client satisfaction and trust in the broker’s services. LimeFx has an overall trust score of 60 based on regulation, reputation, and reviews.