Past performance is no indication of future performance and tax laws are subject to change. The information in this website is general in nature and doesn’t take into account your or your client’s personal objectives, financial limefx reviews circumstances, or needs. Please read our legal documents and ensure you fully understand the risks before you make any trading decisions. The MT4 platform offers forex traders the most powerful charting platform on the market.

1. We are an award-winning, multi-asset broker headquartered in Sydney, with over 10 years of market experience, operating in 172 countries.
2. The broker offers access to ForexVPS free of charge for clients that have a minimum balance of $1000.
3. From the table above, the spreads offered by Vantage FX Standard STP Account are a bit higher than those offered by the big names in the industry — IC Markets and Fusion Markets.
4. Vantage has built a decent foundation for a new mobile trading application with its Vantage App.
5. With our RAW ECN account, traders can experience some of the lowest trading costs in the industry.
6. All banks, governments and companies are participants in this vastly liquid global FX market.

Their range of available financial assets compares fairly to other big brokers, such as OANDA and Fusion Markets. The broker provides traders with MT4 and MT5 demo account, which traders can use to practice their trading strategies on over 180 financial instruments without risking real money. As an Australian regulated Forex Broker, Vantage FX offers transparent access to global Forex markets. Vantage FX provides Forex traders access to the most liquid global FX markets. 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.

Their clients are offered over 300 CFD products, including FX pairs, precious metals, commodities, indices, futures, and share CFDs. The broker aims to provide retail and professional https://limefx.name/ clients with unrivaled trading conditions. It isn’t suitable for everyone and, in the case of Professional clients, you could lose substantially more than your initial investment.

Trade Your Way With Vantage

Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience. With our RAW ECN account, traders can experience some of the lowest trading costs in the industry. We fully understand the importance of keeping trading costs to a minimum, so you can realise greater profit.

Banking with :

The app requires Android 5.0 or later, while the iOS app requires iOS 9.0 or later. Vantage FX provides traders with the MT4 trading platform, an advanced trading platform that was introduced in 2005 by MetaQuotes. It is the most popular trading platform among forex and CFD traders due to the abundance of essential trading tools that ensure an enhanced trading experience.

Standard STP Account

This is unlike most financial firms that would charge a certain sum on trading accounts after a prolonged period of inactivity. This is because an equivalent trade on a zero spread account with Fusion Markets will incur a $4.50 commission per round turn, which is, at present, among the most competitive offers within the industry. Vantage FX offers swap-free trading on both the Standard STP and Raw ECN accounts. Both Swap-Free Standard STP and Swap-Free RAW ECN accounts are designed for traders who are unable to receive or pay swaps due to religious beliefs. While this account type does not incur any swaps or interest charges on overnight positions, the account holder is charged an administration fee on trading positions.

Compare Vantage

Widely accepted as the industry benchmark in retail forex trading platforms, MT4 is by far the most popular platform for charting out there today. Additionally, Vantage FX’s traders can trade with the mobile versions of the MT4 and MT5 trading platforms. This brings a whole new level of convenience to the entire trading process as traders can access their trading accounts and place trades on the go, as long as they are connected to the internet. Interestingly, when you trade with the mobile versions of the MT4 and MT5 trading platforms, there is nothing to lose since the mobile app offers the same features and functionalities as the desktop platforms.

The broker is also holding the Iron Worlds Championship, a trading competition with a $1,000,000 prize pool. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives.

1. The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings.
2. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money.
3. The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool.
4. In addition, LimeFx offers expert fundamental and technical analysis, as well as a news feed and a good selection of video tutorials and written educational material.
5. While LimeFx claims to support ten trading platforms, it does rather lack the variety in trading software that other online brokers typically provide and that would result in a better review.

LimeFx primarily makes its money from dealing spreads, although you might have to pay additional fees depending on the asset and type of account you choose. LimeFx is an online forex broker that offers trading in currency pairs, contracts for difference (CFDs), commodities, indices, futures, shares, gold, silver and oil. Overall, LimeFx provides 7 different live trading accounts, Standard, Premium, VIP, Live Zero Fixed Spread, No Commission, Zero Spread, and Absolute Zero. UK traders can make deposits directly in pounds sterling (GBP), as well as in USD, EUR, AUD, JPY, CHF, PLN, RUB and HUF.

Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform. LimeFx lets clients trade multiple markets on an Electronic Communications Network (ECN) and also offers an AutoTrade copy trading platform for social traders. An extensive website section is devoted to trader education, which makes LimeFx suitable for beginners.

LimeFx PMAM Platform

Also, pricing for most services is slightly higher or on a par with other major forex brokers. The lack of 2-tier platform authentication and guaranteed stop-losses could be a problem if your account gets hacked or your stop-loss gets filled in a volatile market. LimeFx’s support for the Sirix Social WebTrader platform lets you access financial markets and recent trades. You can also access a network of other traders so you can review their past performance and copy their trades in your own account if you wish. The Sirix Social WebTrader software comes in a web version for desktops, as well as mobile apps for smartphones and tablets. It lets you execute CFD and forex trades easily, which then get reflected automatically on other platforms.

LimeFx Product Selection

Also works with the Myfxbook AutoTrade platform that was created to help inexperienced traders make better trading decisions by connecting them to a community of experts with a known and verifiable track record. AutoTrade lets you automatically “mirror” or copy another trader’s transactions who then gets paid a small part of the dealing spread. When it comes to forex trading, LimeFx offers access to an impressive range of 120 currency pairs.

Yes, The LimeFx AutoTrade platform will allow users to copy the best traders’ strategies. LimeFx makes a wide selection of account types available that can be divided into two main groups, Floating/Fixed Spread Accounts, and STP/ECN Accounts. The LimeFx TradeCopier Platform allows users to copy the strategies of top-performing traders in real-time. The LimeFx Personal Multi Account Manager (PMAM) platform will allow users to manage several forex accounts with ease. To start trading on the IronX Exchange, you will need to verify an account by showing proof of your address and identity. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners.

LimeFx User Experience

Besides, you can also choose between no commissions, zero spread and absolute zero accounts. Official website has an easy-to-read format with links to all the basic areas you might find useful or have questions about. In addition to a helpful FAQ and some educational material, the website offers the latest market news and in-house expert analysis, as does its free mobile research app.

For Live Floating and Live Fixed Accounts:

Traders enjoy protection against broker defaults of up to GBP 50,000 via the Financial Services Compensation Scheme (FSCS), and provides extra insurance for UK clients of balances up to GBP 1,000,000. The accounts of EU traders are protected up to EUR 20,000 via the Investor Compensation Fund (ICF) of Cyprus. Most clients pay away the dealing spread on a transaction when they enter and exit a position. They offer a spread-free account, although it does charge a commission on each lot transacted instead. The IronX Exchange charges different fees depending on whether you are a “maker” who places limit orders or a “taker” who deals at the market price. The maker fee for exchange transactions is as low as 0.20%, while the taker fee is as low as 0.28%.

In addition to EU regulation through the Cyprus Securities and Exchange Commission (CySEC), they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa. LimeFx has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional venues.

Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures. Several account types allow retail clients to bypass LimeFx’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips. These numbers may be deceiving, given the broad variety of accounts, fees, and routing choices.

FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade. In order for the account application to be completed the applicant will be required to complete a simple online registration limefx forex broker form. LimeFx is authorized and regulated by the Financial Sector Conduct Authority (FSCA). The Financial Sector Conduct Authority (FSCA) is a financial institutions market conduct regulator in South Africa. Inexplicably, the daily web-based “Market Insights” column was not reproduced on the research app.

Unfortunately, that’s the only research product available at the site, other than a single “Week Ahead” video and no video archive. A YouTube search uncovered additional videos that haven’t been integrated into the site but the most recent content was more than two months old. While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need. LimeFx opened for business in Cyprus in 2010 and has now expanded into more than 180 countries.

The main usability issue is with the lack of communication between LimeFx’s CFD and cryptocurrency trading platforms. Offers an unusually broad variety of trading account types that should suit most traders, and traders can register multiple account types. All account types allow traders to access a Dedicated Account Manager on a 24/5 basis and the Dealing https://limefx.biz/ Department Transaction Hotline. All of the accounts currently supported by LimeFx allow dealing in minimum lot sizes of 0.01. Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts. While LimeFx offers sizable first deposit bonuses, that bonus money cannot be withdrawn.