Our ranking process includes detailed testing of execution speeds in different trading situations to guarantee the precision and dependability of our results. LimeFX also offers an Islamic account, which doesn’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. In addition to the trading courses, IG and limefx official site LimeFX also provide live webinars that you can register for. IG Global’s team has partnered with DailyFX’s team of experts to enhance user experience.
Nurturing Trader Knowledge
For enthusiasts looking to dive into the world of social trading, here’s our guide on the best copy trading platforms. Both forex brokers have been around for a long time to be able to provide excellent customer support service. Both LimeFX and IG offer their clients the most popular trading platform, MetaTrader 4 (MT4). LimeFX clients have the option to trade CFDs and Forex on the MetaTrader 5 multi-asset platform, as well as stock trading on their proprietary software IRESS. IG offers a variety of trading platforms, including their own web platform, ProRealTime, and L2 Dealer. For instance, LimeFX consistently offers lower spreads on EUR/USD, USD/JPY, and GBP/USD compared to IG.
It maintains an elevated level of transparency and has established itself as a reliable broker. It continues to earn the trust of clients for over fifteen years and counting. According to five leading user-review and broker ranking sites, LimeFX ranks exceptionally well. Traders should always exercise caution when reading user reviews, especially for overly positive or negative remarks.
Is IG Group or LimeFX The Best Broker?
If you are looking to trade stocks outside Australia with LimeFX then you are best to use the MT5 trading platform or consider TMGM who have IRESS outside Australia. LimeFX equips traders with essential research tools and educational resources, ensuring a well-rounded trading education and informed decision-making through comprehensive market analysis and strategies. LimeFX offers a broad selection of over 10,000 products across multiple asset classes, making it a versatile choice for traders looking for extensive trading options.
Both LimeFX and IG offer copy trading solutions; however, only LimeFX integrates social trading features. Social trading is available via LimeFX copy trading, which also allows traders to engage in discussion and share ideas besides copy trading. IG trading App offers the full dealing functionality of the web platform, including interactive price charts, 28 technical indicators, sentiment data, alerts with push notifications and advanced order types.
First Prudential Markets (popularly known as LimeFX) stands as a beacon of versatility, serving both novice and seasoned traders. With a diverse array of instruments and account types, the Australia-based company caters to all, making it a valuable ally in the world of online trading. LimeFX research tools are designed to provide traders with the insights and analysis necessary to make informed trading decision. LimeFX offers diverse stock trading options, including outright stock trading via the IRESS platform and share CFDs on MetaTrader 4 (MT4) or MetaTrader 5 (MT5). LimeFX offers low minimum deposits and diverse, fee-free payment methods.
- These apps feature a user-friendly interface and robust functionality, enabling traders to manage their accounts and execute trades seamlessly from their smartphones and tablets.
- LimeFX stands out for the competitive pricing available to forex traders with its ECN account.
- They include economic calendars, streaming news, and watch lists but do not include the cutting-edge trading tools LimeFX offers for its desktop trading platforms.
- LimeFX is an ECN – STP forex broker, while IG runs a market maker model.
- MetaTrader platforms are renowned for their reliability, comprehensive charting tools, and extensive support for automated trading.
Deposit Options and Fees
We have conducted an in-depth review of this CFD broker to provide traders with a complete overview of the trading environment at LimeFX. Traders can access LimeFX’ web-based trading platform from any web browser without the need for installation. This web platform offers flexibility and accessibility, making it a convenient choice for traders who prefer to trade from various devices and locations. It provides essential trading features and tools, ensuring a smooth trading experience. Mobile trading, right from the palm of your hand, is possible with both LimeFX and IG.
Australian clients will deal with the subsidiary, regulated by the Australian Securities and Investments Commission (ASIC), First Prudential Markets PTY LTD. LimeFX supports a variety of funding methods, including bank wires, Neteller, PayPal, credit cards, and Skrill, providing flexible options for account deposits and withdrawals. In summary, LimeFX prioritizes efficiency and transparency in its deposit and withdrawal processes, aligning with its commitment to providing trader-friendly services. These policies contribute limefx to LimeFX receiving a top rating for its deposit and withdrawal procedures.