LimeFX vs IG: In-Depth Review 2024
LimeFX offers traders a straightforward and efficient process for deposits and withdrawals, emphasizing transparency and convenience. 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. Forex trading is cost-effective, with tight spreads benefiting traders. LimeFX requires a minimum deposit, providing accessibility for traders at different levels.
LimeFX staff is also available through more modern messaging services like WhatsApp, Messenger, Telegram, etc. Additionally, at LimeFX, traders can seek help in 12 different languages. Both online brokers are globally regulated across multiple tier-1 jurisdictions worldwide.
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Other global clients will deal with First Prudential Markets LLC, an unregulated entity. This unit remains registered as an international business company (IBC) with St. Vincent and the Grenadines Financial Services Authority (FSA), but brokers remain unregulated in that country. Traders should not confuse this setup, as all brokers out of St. Vincent and the Grenadines are unregulated. Clients must rely solely on the reputation of LimeFX, as no additional measures exist to ensure client protection, as available and implemented by other brokers.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms. LimeFX is the winner because of its comprehensive offerings, competitive spreads and fees, superior accounts and features, and overall better trading experience. LimeFX is a trustworthy and reliable broker, best suited for pure Forex traders who seek a competitive commission-based trading environment from an upgraded MT4 trading platform.
- Additionally, LimeFX maintains a comprehensive FAQ section and provides educational resources on its website, empowering traders with the tools to address common queries independently.
- Both accounts offer the same basic features, meaning a choice of MetaTrader 4 or MetaTrader 5 trading platforms with ECN pricing, and both have a minimum deposit of $100.
- In addition to having a good platform, traders need to ensure fast and reliable execution of their orders.
- To compare the trading platforms of both Pepperstone and LimeFX, we tested each broker’s trading tools, research capabilities, and mobile apps.
- IG also has more metals (5 pairs) and more CFD indices (+100) versus 4 metal pairs and 12 CFD indices found at LimeFX.
Commissions and fees
If you live in Australia, you also have the option of opening an IRESS trading account. While designed for stocks, other selected CFD products are also available limefx scam on the platform. Most of LimeFX’ research is found under the Traders Hub section on its website, where it is separated into technical and fundamental analysis. Neither have Int’l Stock Trading (Non CFD) and Cryptocurrency (Physical).
What are the LimeFX’ withdrawal options?
Supporting documentation proving Islamic status may be required from the client in some cases. The $6.00 commission for Forex traders per 1.0 standard lots remains among the best industry wide. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.
However, it’s important to remember that while LimeFX does not charge for withdrawals, clients may face fees from intermediary banks for international transactions. For Iress accounts, a higher minimum deposit of 1000 AUD is required in Australia. 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. Use the calculator below to compare LimeFX’ trading costs with competitors such as Pepperstone and limefx forex broker Eightcap, adjusting for trade size, currency pair, and base currency.