LimeFx forex broker: Interactive Brokers vs LimeFx 2023

LimeFx forex broker
LimeFx forex broker

LimeFx is an Australian based online forex broker that was established in 2007 in Sydney, Australia. Ever since its inception, it has grown drastically over the last one decade to become a global brand with its presence being felt across the sea in Europe and Asia. LimeFx is a no dealing desk broker that uses STP trading execution. This means all quotes are sourced from liquidity providers and the broker does not manipulate the prices.

Forex pairs aside, Interactive Brokers offers traders access to 8500 CFDs while LimeFx has 3583 available CFDs, a difference of 4917. In our analysis of 23 international regulators across 62 of the best forex brokers, Interactive Brokers is considered low-risk, with an overall Trust Score of 99 out of 99. LimeFx is considered average-risk, with an overall Trust Score of 86 out of 99.

But in high volatility environments, losses may exceed this amount. Helps a trader identify the symbols with strong or weak correlations. This occurs on different time scales to enable superior decision-making. The interface is easy to use with prompt order management functionality and risk management tools. Our LimeFxparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Select one or more of these brokers to compare against LimeFx.

  • Provides forex traders with a market overview via a map using local time.
  • Deposits and withdrawals are free of charge and the process is user-friendly.
  • LimeFx has a great mobile trading platform, we really liked the design and the user-friendly features that are easy to find.

Trade with peace of mind knowing that LimeFx is monitored by some of the strictest financial regulators’ bodies in the world. In addition we’re Australian owned, operated and regulated with servers in the lightning fast NY4 facility. This can be harder to judge, but you want someone there when you need them. Many people also like to have a dedicated account manager rather than talking to different people each time they call. Well regulated countries with highly rated banking environments include USA, UK, and Australia.

See How LimeFx Stacks Up To These Brokers

If low-cost forex/CFD trading is all you’re after and you’re not very picky about your choice of platform, Australia’s LimeFx is a worthy option. It has a competitive product selection that includes crypto; and a flexible fee structure offering very tight spreads with a reasonable commission. You can set up your account in no time and enjoy various deposit and withdrawal options, all free of charge.

We ranked LimeFx’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. When funding your trading account client funds are held in client segregated trust accounts at Australian Banks, National Australia Bank and Commonwealth Bank of Australia . These policies and procedures are designed to detect and prevent money laundering activities for occurring. Ádám worked in banking and LimeFx, and holds a professional degree in this field.

Verdict On LimeFx Platform Options

This has also helped it in the acquisition of partners in various regions that aid in its trading activities. Commissions – if you choose an RAW or ECN pricing account, you will need to consider the commission costs. LimeFx commissions are generally in line with what you find with most brokers being $3.50 for each standard lot to open your position. CFD traders can speculate whether 18 different cryptocurrency CFDs pairs including Bitcoin, Ethereum, Litecoin to Ripple will go up or down.

LimeFx forex broker

LimeFx appeals primarily to algorithmic traders that use the MT4, MT5, or cTrader platforms, and who need agency execution coupled with competitive spreads and low commissions. has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker. When funding your trading account your funds are held in client segregated accounts with top tier banking institutions.

Review Methodology

Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor. We tested it and collected the options and costs in How to withdraw money on LimeFx.

Both Interactive Brokers and LimeFx hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Interactive Brokers earned a higher Trust Score than LimeFx. Its forex fees are low and opening an account is fast and easy. Deposits and withdrawals are free of charge and the process is user-friendly. If the balance on your account goes into negative, you will be protected. LimeFx is regulated by several financial authorities globally, including the top-tier ASIC.

At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . Provides a host of advanced tools to enhance trading in charting, drawing, and analytics. Trading Forex and CFDs with leverage poses significant risk of loss to your capital. This differs from the stop-loss order facility, which allows a trader to set the maximum loss.

LimeFx forex broker

Standard accounts have wider spreads that ECN pricing accounts as they do no have commission in addition to the spread. For this reason the commission cost is included in the spread. LimeFx publish their average spreads for each type of account and we include a comparison of these spreads between brokers on this page Low spread brokers. Generally LimeFx spreads compare very well with other brokers. High leverage is particularly suited for forex traders who have a high-risk tolerance when scalping or using expert advisors or trading currency pairings with low volatility .

Account opening

It should be noted that the withdrawal method needs to be the same as the deposit method chosen. As an example, if you use a debit card to make a deposit, then the same card needs to be used for the withdrawal. WebMoney also used to be offered but is no longer available. Illustrates the sentiment based on current positions whether long or short when it comes to open positions. The trading assistant notifies the trader via SMS, email or SMS of market changes and events on the account.

The LimeFx Islamic account is an account type for clients of the Islamic faith who due to their faith do not opt for interest gaining accounts. This account type runs on both the Ctrader, Meta Trader 4 and 5 platforms. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.

Withdrawals take a longer time of up to 72 hours to be processed. LimeFx use among the best platforms that help in enhancing the trading experience of its respective clients. The platforms are the Ctrader platform and the Meta trader limefx platform. Live chat customer service is also offered by the CFD provider. The company is dedicated to providing a high-quality educational centre that is great for those who have no previous knowledge of trading forex and CFDs.

The high risk of losing funds means that lower leverage may be more suited to certain traders like beginners. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! CFDs are leveraged limefx review products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. Interactive Brokers provides traders 90 currency pairs (e.g., EUR/USD) compared to LimeFx’s 61 available pairs.

On the negative side, the company is not listed on any stock exchange and does not disclose financial information publicly. You can only set alerts and notificationson the desktop trading platform. Developing this feature for the mobile trading platform as well would be much appreciated.

LimeFx complies with the Australian Client Money Handling Rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. Well, there are many payment options, and I’d say that’s the only advantage. I’ve been working with this broker for four months, and I can’t say that choosing this broker was the best option for me. There’s a high deposit, especially for novice traders, and to be honest, it’s not worth it.

Similarly to the web trading platform,LimeFx provides only a one-step login. You can’t set alerts and notificationson the LimeFx web trading platform. This feature is available only on the desktop trading platform.

This is a very commendable forex trader that offers the best trading conditions and is well appreciated by its clients. A look into LimeFx customer reviews and comments will give you more than one reason for opting for this trader. LimeFx offer almost 15 different channels in account funding and withdrawals and they include visa and MasterCard, PayPal, Neteller, skrill and also bank transfer. There are no charges on either withdrawals or deposits and with fast processing time in deposits of 1-2 hours.

With the choice of MetaTrader 4, MetaTrader 5 or the cTrader forex trading platforms, the broker is recommended for intermediate or expert traders. LimeFx is an ASIC and CySEC regulated forex broker with solid forex trading platforms, low spreads and high leverage. The broker is a solid choice for traders looking for low fees using the MetaTrader 4 or 5 platforms. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. LimeFx offer the three most popular forex trading platforms worldwide.