Founded in 2002 as Poland’s first leveraged foreign exchange brokerage house, X-Trade morphed into X-Trade Brokers in 2004 to comply with new Polish regulations. The company went public in 2007, listing on the Warsaw Stock Exchange under the ticker symbol XTB, and it was rebranded as XTB Online Trading (XTB) in 2009. In my experience, each account type may come with a different minimum deposit. Generally speaking, the higher the minimum deposit is, the better the trading terms, products, and services will be.

Trading Fees

It would be wise to exercise caution and take the time to educate yourself on the assets in which you wish to trade. There’s a wealth of education and research resources available through a number limefx forex brokers reviews of forex trading platforms, so take the time to avail yourself of this information. Read our in-depth reviews of forex and CFD brokers, and compare the best online brokers side-by-side.

Mobile Trading Apps

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. Headquartered in Sydney, Australia, LimeFx (First Prudential Markets) was founded in 2005 as an online retail forex and CFD broker. The brand’s entities are regulated in Australia and Europe, with a total of 95 employees as of 2019.

Best for Professional Traders

London Capital Group (LCG), founded in 1996, has continued to keep pace in the highly competitive online brokerage space. This coupled with the ubiquitous MT4 (downloadable) platform and a functional mobile application, comprises LCG’s online consumer offerings. LCG provides access to a broad selection of CFDs and spread betting instruments across several different asset classes.

However, that pricing is only available with the MetaTrader platform, and LimeFx offers only 764 symbols on MetaTrader 5 (MT5). The benefits of trading with an ECN broker includes lower spreads, minimal slippage, lightning-fast order execution speed and deep liquidity. FX Markets clients can access the ECN pricing model through the RAW account with a minimum deposit of USD 100. LimeFx caters to both beginners with its standard spreads and no commission structure, and more experienced traders through ECN pricing with raw spreads, offering tailored solutions for every trading level. FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).

• Powered by Acuity, the tool provides market insights from an FCA-regulated signal provider across all asset classes.
• Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.
• Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that Interactive Brokers offers better pricing overall for traders.
• Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
• Choosing a regulated broker is essential to keeping your funds safe and ensuring your broker has no conflicts of interest in executing your trades.

Empowering Traders with Insights

This policy ensures that traders can manage their funds efficiently without worrying about additional costs. For international deposits, LimeFx goes a step further by offering to cover internal bank fees. If a client submits a receipt showing an original deposit fee of no more than 50 USD, LimeFx will reimburse the international bank fees charged by the client’s bank for deposits over 10,000 USD.

While Eightcap offers a slightly lower spread for EUR/USD at 0.06 pips, LimeFx offers a spread of 0.10 pips, on par with leading competitors like Pepperstone and Admiral Markets. This includes an https://limefx.club/ IF-DONE order type, which is a two-step order where the second step can’t be executed until the first step is completed. I also found you can use OCO orders which can be useful in trading breakouts.

Additionally, it offers the opportunity to experiment with automatic trading strategies using Expert Advisors, further enhancing the learning and testing experience. LimeFx operates with a no dealing desk (NDD) model and works with various liquidity providers to offer competitive prices and deep liquidity across many instruments. This approach, along with direct market access (DMA) pricing, provides traders with tight spreads and quick execution times, leading to efficient and clear trading conditions. Areas we scored LimeFx the highest were excellent customer service (9/10), great educational resources (8/10) and a wide variety of funding methods (8/10). LimeFx has low spreads and is regulated with ASIC, CySEC and FSCA.

Another feature I was impressed with was the charting functionality. After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we’ve determined that Interactive Brokers (99) earned a higher Trust Score than LimeFx (87). In summary, LimeFx offers a straightforward account opening process. LimeFx does not charge an inactivity fee, which benefits traders who may not trade frequently. Traders should be aware of currency conversion fees when trading assets in a different currency.

LimeFx provides traders 71 currency pairs (e.g., EUR/USD) compared to IC Markets’s 61 available pairs. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Overall, forex and CFD traders will be satisfied by the MetaTrader experience provided by LimeFx, though the scope of its research and educational offering are limited, when compared to the best brokers. ForexBrokers.com 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. This brokerage trading firm is regulated in three tier-one jurisdictions (FCA, ASIC and CySEC) and your money is held in segregated accounts with leading banks (National Australia Bank or Commonwealth Bank of Australia).

These unique features collectively empower traders to navigate the complexities of the financial markets with precision and confidence. In summary, LimeFx demonstrates its commitment to providing traders with the tools and insights they need for successful trading endeavors. IC Markets is considered Trusted, with an overall Trust Score of 84 out of 99. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.

Professionals can access commission-free ECN accounts from advanced trading platforms and become a strategy manager on its copy trading platform. To compare the trading platforms of both LimeFx and FxPro, we tested each broker’s trading tools, research capabilities, and mobile apps. To compare the trading platforms of both Interactive Brokers and LimeFx, we tested each broker’s trading tools, research capabilities, and mobile apps.

Choosing a safe, well-regulated broker that has competitive fees and easy to access to the markets is essential to competing in the world’s foreign exchange market. On top of the factors already discussed in this guide, you should also pay attention to the following points outlined below. In my experience, having the ability to access a wide range of research tools can help to execute high-probability trades.

All of these factors were weighted based on their importance to users. If you’re a professional trader looking for an ECN broker offering interbank market spreads, then FXTM could be an option. Founded in 2011, FXTM is authorized and regulated by the UK FCA, CySEC, FSCA and the FSC Mauritius.

One of the standout features of LimeFx is its competitive spreads, which enhance the cost-effectiveness of trading across various asset classes. This can significantly benefit traders by reducing their transaction costs and optimizing profitability. Furthermore, the broker’s commitment to regulatory compliance adds an extra layer of security for clients, assuring them of a safe trading environment. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that LimeFx offers better pricing overall for traders. Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that Interactive Brokers offers better pricing overall for traders.

Our LimeFx review found this Forex broker has good trading platforms, a wide range of CFD markets as well as fast execution speeds. CMC Markets (CMC), founded in 1989, is a well-established, publicly traded, and highly regarded U.K. Forex broker that has successfully adapted to the ever-changing online brokerage landscape. The company is listed on the London Stock Exchange (LSE) under the ticker symbol CMCX.