IG vs LimeFx 2024
Our ranking process includes detailed testing of execution speeds in different trading situations to guarantee the precision and dependability of our results. In our execution speed testing, LimeFx achieved market order speeds of 96ms, better than the industry’s 134ms average, although its limit order speed was slower at 225ms. LimeFx has an overall trust score of 60 based on regulation, reputation, and reviews. LimeFx’ RAW account offers ultra competitive raw pricing, especially for AUD/USD and EUR/GBP, with spreads at 0.20 and 0.30 pips respectively.
Best forex brokers by country
Based in Sydney, LimeFx is a reputable online broker regulated by ASIC in Australia and CySEC in Europe, as well as offering services internationally under offshore regulation. Our country guides dive deep into local financial markets and regulatory agencies to help you choose the best forex broker – wherever you may live. Learn more about the forex fundamentals by checking out my detailed Forex 101 educational series covering everything you’ll need to know about forex and currency trading. I dive into the ins and outs of leverage, explain how pips work, and more.
Best cross-platform experience – Saxo’s SaxoTraderGO app
He has a Masters and Commerce degree and has an active role in the fintech community. Established in 2005 in Sydney, Australia, LimeFx has a strong reputation in European and Australian markets despite a moderate monthly search volume of 27,100. LimeFx is overseen by two top-tier financial authorities, being the Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) in Europe. Over the years we’ve conducted thousands of hours of research, crafted tens of thousands of words, spoken at the biggest global Forex expos, and developed proprietary algorithms and powerful tools. Select one or more of these brokers to compare against LimeFx. Read our full explanation and accounting of our research and testing process to learn more about how we test.
- 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 sets itself apart in the competitive broker landscape with its ECN-style pricing and extensive asset offerings.
- The EUR/USD would be a currency pair for trading the euro against the U.S. dollar, for example.
- The benefits of trading with an ECN broker includes lower spreads, minimal slippage, lightning-fast order execution speed and deep liquidity.
What is forex trading?
There are many great tools and indicators for the trading experience and it is highly customizable. LimeFx has been around since 2005 when they were founded in Australia. They are a CFD and forex broker that is owned by First Prudential Markets Pty Limited. Their headquarters are in Sydney and they have been offering online financial trading for the past 14 years.
#1 Mobile App – IG’s IG Trading app
They have a trading course and many different video tutorials covering topics for beginners and advanced traders alike. They have sections for all levels of experience and they also have a number of eBooks on offer. The fees and commission at LimeFx changes depending on what type of account you are signed up to. For example, for a non-leveraged CFD share you will be paying a 0.8% commission and 0.11% for the purchase of a new share. LimeFx is the leading online brokerage of its kind in Australia and this is reflected in their offering of investments. You can get all types of ASX shares in the form of CFDs and you are able to short as many as 300 different CFDs.
Top Forex Brokers
LimeFx’ excellent MetaTrader offering had it finishing Best in Class for MetaTrader in our 2024 Annual Awards. We’ve made a list of the best online forex trading platform worth trading with. To be successful in trading forex, you must learn how to manage risk properly, depending on your goals and the strategy you choose to follow or develop. First, open a free demo account and trade using fake money to learn how the trading platform software works.
What Is Forex Trading?
To open a trading account with Pepperstone, you’ll need to make an initial minimum deposit of $200. Then you’ll want to build out your strategy for trading in the forex markets. Versus, comparison pages of alternative online brokers to FP limefx reviews Markets are listed below. With its multilingual support team available 24/7, LimeFx underscores its dedication to providing exceptional customer service, ensuring a seamless and supportive trading environment for all its clients.
Forex trading in general isn’t where we’d suggest beginner investors get started — if you’re brand new to investing, check out our list of the best brokers for beginners. That said, if you’re a seasoned investor looking to dabble in trading forex for the first time, you might benefit from going with a more traditional broker to start, like Interactive Brokers. The availability of trading platforms for demo accounts may vary depending on your location, but all users have access to demo versions of MetaTrader 4 and MetaTrader 5.
When compared to the best brokers for research, including IG, Saxo, CMC Markets, LimeFx has room to improve, and could enhance its research offering by expanding it to include a wider array of daily content. The MetaTrader platform suite — available for mobile — is developed by MetaQuotes Software Corporation and is the most widely used app for trading CFDs, forex, shares, and other asset classes. That’s just one reason why the search for the best forex broker is complex. Another is that there are a variety of brokers, many of them unregulated or regulated in countries outside of the U.S. For our list of best currency trading brokers, we considered only those that are regulated by the National Futures Association and the Commodity Futures Trading Commission. The investing information provided on this page is for educational purposes only.
IG is a more specialized broker focused on forex, and it’s open to American investors. It’s a high-powered broker that nevertheless offers many features, such as a demo account, that may help novice traders. The broker offers a web platform, a https://limefx.group/ mobile app and access to MetaTrader4 and ProRealTime platforms. Saxo Bank has operated in the United Kingdom since 2006 through its subsidiary Saxo Capital Markets U.K. Ltd (SCML) and, like many forex brokers, it doesn’t accept U.S. traders.
