Among other provisions (i.e. margin close-out rule of your account) you should be informed that there is no provision for an Investor Compensation Scheme. 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. EasyMarkets, on the other hand, offers its proprietary easyMarkets platform and the popular MetaTrader 4. The easyMarkets platform is web-based and user-friendly, making it a good choice for beginner traders.
The broker is a no dealing desk broker (NDD) which means straight-through processing of orders. Several other brokers are offering this feature, so a comparison was made focusing on limit orders. These are orders when a trader sets a buy limit, buy stop, sell limit or sell stop. Based on 25 trades, LimeFx achieved an execution speed of 80ms, which was the lowest as shown below. However, it’s important to note that the spread isn’t the only factor to consider when choosing a broker.
However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data. They provide multiple channels of communication, including live chat, email, and phone support. Both brokers also offer extensive educational resources, which can be particularly useful for beginner traders. However, LimeFx has a slight edge in this area, with an average execution speed of less than 40 milliseconds compared to FxPro’s average execution speed of less than 45 milliseconds. In my opinion, LimeFx seems to offer more competitive spreads compared to Forex.com, making it a potentially cheaper option for traders. However, it’s always crucial to consider the overall trading conditions and not just the spreads when choosing a broker.
In this case, provides their pricing with
spread while LimeFx offers
Variable spread. 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.
- Key levels like ¥147.80 and ¥150 hold sway over the market’s direction, and a successful breach of the latter could ignite a robust upward trend.
- As with most trading platforms, LimeFx give you a choice between the MetaTrader 4 (MT4), MetaTrader 5 (MT5).
- Based on our research on the regulatory status of over 60 brokers, we’ve found that Both LimeFx and Vantage hold 2 global Tier-1 licenses.
- MT4 is easily the most popular platform for forex trading — don’t be fooled by MT5 sounding like the new and improved version, because most people still use number 4.
David also has deep knowledge of the Forex industry and spends substantial time fact-checking the accuracy of the information about the brokers for the website. Both LimeFx and FxPro offer a variety of payment methods, including credit/debit cards, bank wire transfers, and various e-wallets. LimeFx has a minimum deposit requirement of $100 for both its Standard and Raw accounts.
Minimum Deposit And Funding
In the “Account Types” category, FxPro wins due to its wider variety of account types, which gives traders more flexibility in choosing the account that best suits their trading style and preferences. When we delve into the standard account spreads, it’s evident that there are some noticeable differences between https://limefx.biz/ LimeFx and Forex.com. LimeFx provides traders 71 currency pairs (e.g., EUR/USD) compared to Vantage’s 57 available pairs. If you are interested in trading CFDs, LimeFx offers traders access to CFDs, while Vantage offers access to 1000 CFDs; so LimeFx offers 9000 more CFDs than Vantage.
- Breaking through this level, particularly on a daily closing basis, could trigger a significant upward surge, potentially propelling the market toward the ¥152 level.
- LimeFx requires a minimum deposit of $50 before you can open an account and start trading forex.
- In a sea of different trading platforms that all have very similar offerings, it’s tough to stand out, but LimeFx really does go above and beyond.
LimeFx also offers Islamic accounts, which don’t involve any swaps or interest on overnight positions to stay in line with Islamic principles. Rather, you’ll be charged a fee on positions, which is deducted from your account balance. When it comes to account types, you certainly can’t fault LimeFx for its flexibility, but it does get a little complicated to understand what’s available and what you’re eligible for. You are submitting an application with LimeFx LLC which is a registered company of St. Vincent and the Grenadines, Limited Liability Number 126 LLC 2019. By continuing you confirm that you have not been solicited to open an account with us, that you over 18 years and agree to the terms of LimeFx privacy policy.
Forex and CFD broker
This happened during last week when the price made a new 11-month high above the big round number at ¥150 before falling back. The USD/JPY currency pair behaved a bit unusually compared to other currency pairs involving the US Dollar, by printing a pin bar supporting rather than undermining the US Dollar. One of the primary factors steering the US dollar’s trajectory is the interest rate differential. This differential plays a pivotal role in determining the currency’s direction. Given the current economic landscape, it’s plausible to anticipate a long-term bullish sentiment in favor of the US dollar. Interest rates in the United States are not on the cusp of a significant rise, and the Bank of Japan faces considerable challenges in attempting to raise rates, given Japan’s substantial debt burden.
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This gives you access to the same tools and instruments as other traders without the stress of losing your money. However, the standard account offers a simpler trading experience, which makes it the best choice for beginners. It also makes more sense for those who trade over the long term, because the spreads won’t affect them as much when they’re only making occasional trades.
Products
Which is a collection of enhancement features for MetaTrader 4 and 5. Major features include alarm managers, extra tick charts and trade terminals. Although MT4 will be the preferred option for most people, don’t rule limefx company reviews out MT5. This advanced platform does offer some extra functionality if you know how to use it, such as the option to test strategies for algorithmic trading and the chance to develop your own custom indicators.
There are more than 60 trading forex pairs available on LimeFx, which is enough to rival pretty much any major forex trading platform. LimeFx social trading platform is similar to Myfxbook in that it is a social trading platform that allows you to automate the copying of other traders but is only available for traders in the UK. You can use either MT4 or MT5 but some providers may limit which platform you can use. As with most trading platforms, LimeFx give you a choice between the MetaTrader 4 (MT4), MetaTrader 5 (MT5). But unlike most, you can also use the special IRESS platform if you’re in Australia. Finally, the Premier account is for professional traders with a high balance, so it will, unfortunately, be out of reach for most people.
Therefore, in terms of commissions, FxPro has a slight edge due to its commission-free options. 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.
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Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. The IRESS trading platform is for clients with the Australian arm of LimeFx only. This platform is best if you are intending to trade stocks (however a limited number of CFDs are available. Otherwise, most forex fees are built into the spreads, except for forex and metals on the RAW account.
The prevailing market conditions suggest that the US dollar is likely to maintain its bullish trajectory, with the Bank of Japan’s policy stance further solidifying this outlook. The rationale behind this potential surge lies in the interest rate differential between the United States and Japan. The United States enjoys a clear advantage in this regard, which bolsters the appeal of the US dollar. In contrast, the Bank of Japan continues to implement aggressive quantitative easing measures, a policy that weighs down the Japanese yen’s value in comparison to other global currencies.