For those interested in low spreads, the RAW account is advantageous, though standard account users may find spreads slightly less competitive when compared to other top brokers. Regulated by ASIC and CySEC, and offering international services under offshore regulation, it ensures a secure trading environment. However, traders outside Australia and Europe should be mindful of regulatory differences.

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1. However, with the $100 minimum they recommend, we feel that LimeFX comes close.
2. Yes, based on your detected country of UA, you can open an account with this broker.
3. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.
4. The latest development of the in-house social trading service at LimeFX introduced it to the resurgence in demand from retail traders for this sub-sector of trading.
5. When selecting a broker, it is important to consider which one aligns best with your trading style and needs, as each has its own strengths.

Each year we publish tens of thousands of words of research limefx scammers on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). IG provides a form of social trading through its platform, enabling traders to emulate the strategies of market leaders. FP Markets, in contrast, doesn’t focus heavily on social or copy trading.

Trading Platforms

LimeFX offers one commission-free trading account, but trading costs are higher there than in its commission-based alternative. Active traders get rebates, lowering subscription fees or eliminating them. LimeFX offers all traders the MT4/MT5 and cTrader trading platforms and select clients may qualify for the Iress trading platform, restricted by geographical location. MT4/MT5 and cTrader are available as desktop clients, a webtrader, and a mobile app.

Both LimeFX and IG have spreads that are generally below or around the industry average, indicating their competitiveness in the market. Other factors such as commission fees, platform usability, and customer service should also play a role in your decision. LimeFX provides traders 71 currency pairs (e.g., EUR/USD) compared to LimeFX’s 55 available pairs. LimeFX shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform.

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. 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 scam Demo accounts provide access to live market prices, enabling traders to gain real-time insights into market movements. Additionally, it offers the opportunity to experiment with automatic trading strategies using Expert Advisors, further enhancing the learning and testing experience. LimeFX sets itself apart in the competitive broker landscape with its ECN-style pricing and extensive asset offerings.

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Thankfully, MetaTrader and cTrader platform suites are available as reliable alternatives. LimeFX also earned Best in Class honors for Commissions and Fees in our 2024 Annual Awards. It’s worth noting that LimeFX’ share CFD offering on Iress provides Direct Market Access (DMA) in terms of its pricing and execution process, including full depth of book available within the platform. That said, the broker’s Iress ViewPoint account option is less affordable, and is geared towards active traders with high-balance accounts. LimeFX provides traders 71 currency pairs (e.g., EUR/USD) compared to Pepperstone’s 65 available pairs.

Account Fee

When it comes to trading platforms, tools, and overall experience, IG consistently ranks high among UK traders. For those keen on understanding the UK Forex landscape better, here’s our detailed analysis of the Best Forex Brokers In UK. ECN pricing account offers the lowest spreads, so we recommended this type of account to most brokers.