LimeFx offers tighter spreads, which is a significant advantage for active traders. However, FxPro’s commission-free trading on MT4 and MT5 accounts could be more appealing to certain traders. Overall, I would say LimeFx wins this section due to its lower spreads, but FxPro is a strong contender, especially for traders who prioritize commission-free trading. Copy Trading with LimeFx focuses on the MetaTrader platforms using Expert Advisors and AutoTrade. EA is a market staple and allows clients of FP access the trading signals of third parties and trade them through MetaTrader.
We do not present any investment advice or guarantees for the accuracy and reliability of the information. In fact Leverage levels depending on the entity you will open an account with, since Leverage is one of the first regulated parts, see some of our find below. Hi Clement, If you have an account with LimeFx Australia then I would expect you should be able to use the IRESS account.
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. While fpmarkets.com is a regulated broker with multiple regulators around the world, its head office is based in Sydney. Still, you might want to consider an alternative if you plan to trade outside of Australia and Europe (since LimeFx isn’t subject to the same regulation outside these regions). Also, if you’re a long-term trader and only prepared to trade on a Standard account, you might find the spreads excessive since you can’t take advantage of the low spreads. Then, you’ll choose your desired trading platform (MT4 or MT5), account type (either standard or raw), and base currency.
LimeFx offers access to CFDs across Forex, Shares, Indices, Commodities & Cryptocurrencies. No commission account spread propiety testing data and published wesbite spread information, centralised on our standard account spread page.. According to our research on execution speeds, LimeFx offers faster execution speeds, which can be a significant advantage in fast-moving forex markets. While LimeFx does not have its own social trading platform, it does support copy trading via Myfxbook.
What is the minimum deposit at LimeFx?
LimeFx requires aminimum deposit of $100 for both its Standard and RAW accounts, which is relatively low and accessible for most traders. On the other hand, easyMarkets requires a minimum deposit of $200 for its Standard account, $1,000 for its Premium account, and $2,500 for its VIP account. This means that easyMarkets might be less accessible for beginner traders or those with a smaller trading budget. When it comes to spreads, both LimeFx and easyMarkets offer competitive rates. LimeFx, with its ECN pricing, provides tight spreads starting from 0.0 pips on Forex pairs. This is particularly beneficial for traders who trade in high volumes or those who prefer scalping as a trading strategy.
- They also provide educational resources to help traders improve their trading skills.
- In this case, the fees are the same as those charged on other accounts.
- The Iress ViewPoint platform is an alternative to the MetaTrader platform for Australian clients.
- Which is a collection of enhancement features for MetaTrader 4 and 5.
- It also has more than 10,000 stocks on the global exchanges market.
- When it comes to withdrawals, the internal fees amount to AU$6 for internal bank fees.
LimeFx also offers cTrader, a platform known for its direct market access trading. OANDA, on the other hand, integrates with TradingView, a platform popular for its social trading features and advanced charting tools. LimeFx offer 3 different trading platforms for retail traders to utilise.
There are sections to help develop trading ideas and new strategies. More direct learning is offered in terms of webinars, videos and written articles on the mechanics of the trading universe. Subjects covered, https://limefx.biz/ for example, include trading in markets with varying degrees of volatility, trading fundamentals, and avoiding common mistakes. The Market Maps and the Analytics menu at LimeFx are particularly strong.
The support team of the FP market is…
Our testers noted the supporting research notes on the different currencies improved their understanding of the markets. The broker still manages to outperform on other day-to-day issues which are particularly close to trader’s hearts. Trading costs in some markets are at low as can be found, and the sometimes over-looked financing costs are also noted for being near the lower end of the scale. Traders need to ensure that they can practice risk management along with evaluating their risk exposure and willingness to be exposed to risk.
Who is LimeFx?
While choosing the FPMarkets accounts, the clients can choose between these trading platforms and tools. They can also customize their selections to some levels and use a combination of tools and platforms suitable for their needs. Apart from the scammed by limefx FPMarkets app, these offerings are not owned by the broker. They are third-party products bundled as offerings to the clients. First Prudential Markets is an online financial service provider in the domain of trading and multi-asset brokering.
The advantages of DMA CFDs are lower spreads and faster execution, because orders are passed directly to the underlying market without any intermediate participant, such as a dealer or a market maker. These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. The problem is that not all of these currency pairs are very liquid and safe. Even given the ECN mechanisms at play and countless users on scene (which translates into deep liquidity pools), the spreads can rise very high. The commissions are done away with for the majority of MT4 and MT5 users and for deposits and withdrawals (except for direct bank transfers).
LimeFx trading fees
LimeFx is known for its direct market access trading and low spreads, which are ideal for scalpers and day traders. On the other hand, OANDA offers a user-friendly platform and advanced trading tools, making it suitable for both beginners and experienced traders. It quickly became a market-leading entity, with established forex trading services around the world. LimeFx is fully regulated as a CFD broker, and forex broker, with dozens of awards to its credit. The company offers access to 10,000+ financial instruments, many as CFD products across the world’s premier exchanges. With pips starting as low as 0.0 on major currency pairs, raw pricing, zero restrictions on trading, and rapid executions of trades, LimeFx distinguishes itself from the competition.
Also, LimeFx (PTy) Ltd is now a Financial Services Provider authorised and regulated by the Financial Sector Conduct Authority in South Africa. LimeFx is a popular and large Forex Broker operating professional trading experience for a quite long time since the broker was established in 2005 and ever since serves over 12,000 clients worldwide. One of the main strengths is that LimeFx uses ECN electronic bridges and enhance its proposal with powerful trading technology, also investing in its innovation. Actually, LimeFx accepts clients from all over the world excluding retail FX traders residents in the US, Japan or New Zealand.
Commissions and fees
The transaction commissions on these services are a bit higher, particularly on low deposits. The company, unfortunately, is more active towards serving the clients providing higher deposits. The technical analysis performed by these tools helps these clients in their risk management.
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. The Iress ViewPoint account option is less affordable, and is geared towards active traders with high-balance accounts. It's worth noting that LimeFx' share CFD offering on Iress provides Direct Market Access (DMA) in terms of its pricing and execution process, including full depth of book available within the platform.
I don't want to proceed with my registration or endure the unpleasant phone conversations. In contrast, I have a hassle-free portfolio with Assurity Secure LLC, enjoying regular payouts without any intrusive phone calls. A very straightforward platform to use,easy and hassle free set up.Easy access to obtaining information and are kept well informed about any changes. In the “Trust and Regulation” category, FxPro takes the lead due to its regulation by four reputable financial authorities. However, LimeFx is also a trustworthy broker with strong regulation.
The Iress trading platform is available for Australian investors only. To provide a secure trading environment, First Prudential Markets Pty Ltd. is licensed under the Cyprus Securities and Exchange Commission. This regulatory body monitors the broker’s behavior and takes necessary actions.
Unfortunately, bond CFDs are not available.You can also trade futures CFDs for global stock indices. To have a clear picture, see the following table listing the various account types and the most important fees. We compared LimeFx's fees with those of IC Markets and Pepperstone, two similar brokers selected by our analysts. This selection is based on objective factors such as products offered, client profile, fee structure, etc. We also drew up a more detailed rundown of LimeFx alternatives. They do have some very excellent offers, but they are just not worth it, considering you may lose all of your money to fraudulent actions anyway.