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Both Pepperstone and Lime Fx offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). To open a trading account with Pepperstone, you’ll need to make an initial minimum deposit of $200. Both Lime Fx and FxPro offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). To open a trading account with Lime Fx, you’ll need to make an initial minimum deposit of $100 AUD. One of the only drawbacks to their offering is the charges they have on deposits and withdrawals when using their Iress platform.

What Types of Assets Can I Trade?

Lime Fx delivers a good variety of mobile apps for forex and CFD traders. Its proprietary app has a nice layout for a new mobile app but lacks the advanced features that I’ve come to expect from the best brokers in this industry. Thankfully, Metatrader and cTrader platform suites are available as reliable alteranatives. Forex trading in general isn’t where we’d suggest beginner investors get started — if you’re brand new to investing, check out our list of the best brokers for beginners. That said, if you’re a seasoned investor looking to dabble in trading forex for the first time, you might benefit from going with a more traditional broker to start, like Interactive Brokers.

trusted Forex and CFD broker

1. Our country guides dive deep into local financial markets and regulatory agencies to help you choose the best forex broker – wherever you may live.
2. This influences which products we write about and where and how the product appears on a page.
3. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
4. Major economic data released monthly include employment indicators (think Non-Farm Payrolls data from the US), GDP (Gross Domestic Product) and inflation data, such as CPI (Consumer Price Index) and PPI (Producer Price Index) inflation.
5. It’s worth noting that Lime Fx’ 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.

We believe everyone should be able to make financial decisions with confidence. Currencies, formed as ‘currency pairs’, are influenced by a constant stream of scheduled economic data and central bank policy meetings and speeches. Founded in 2002 as Poland’s first leveraged foreign exchange brokerage house, X-Trade limefx reviews 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. Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com.

What is the minimum deposit requirement for opening an account with Lime Fx?

Saxo Bank has operated in the United Kingdom since 2006 through its subsidiary Saxo Capital Markets U.K. Ltd (SCML) and, like many forex brokers, it doesn’t accept U.S. traders. Lime Fx caters to the modern trader’s need for mobility and flexibility by offering mobile trading options across its platform range. You can manage their accounts, monitor markets, and execute trades from anywhere, at any time. These apps are designed to provide a seamless trading experience on the go, featuring intuitive interfaces, full trading functionality, and access to real-time market data and analysis tools. As one of the major U.K.-based forex brokers, LCG offers a wide range of asset classes and a seamless trading experience.

CMC Markets: Best Overall and Best for Range of Offerings

Day trading creates unique demands on forex traders and the brokers that carry out day trading strategies. Choosing the right broker for your strategy can be the difference between success and failure. Lime Fx provides traders 71 currency pairs (e.g., EUR/USD) compared to Lime Fx Group’s 55 available pairs. If you are interested in trading a full range of securities, Lime Fx offers traders access to tradeable symbols, while Lime Fx Group offers access to 1394 tradeable symbols; so Lime Fx offers 8606 more tradeable symbols than Lime Fx Group. Lime Fx provides traders 71 currency pairs (e.g., EUR/USD) compared to Pepperstone’s 62 available pairs.

Most of Lime Fx’ research is found under the Traders Hub section on its website, where it is separated into technical and fundamental analysis. When compared to the best brokers for research, including IG, Saxo, CMC Markets, Lime Fx has room to improve, and could enhance its research offering by expanding it to include a wider array of daily content. That’s just one reason why the search for the best forex broker is complex. Another is that there are a variety of brokers, many of them unregulated or regulated in countries outside of the U.S.

London Capital Group (LCG): Best for Beginners

Lime Fx has an overall trust score of 60 based on regulation, reputation, and reviews. Saxo Markets offers a better spread on the AUD/USD pair at 0.9 pips, which is slightly tighter than Lime Fx’ 1.2 pips. However, Lime Fx holds its ground with tight spreads in other pairs, such as EUR/GBP and EUR/JPY.

But I also recognize that it is a situation where we could eventually break much higher. After all, we’ve had a nice little pullback and this area here right around 1.36 has been support in the past. However, the market is likely to continue to see a lot of choppy behavior. With this being the case, need to be cautious with your position sizing, recognizing that this pair can be very difficult to hang onto that point in time. A withdrawal will normally take about two working days, but in some cases it can take as long as five working days. There is a 1.8% credit card fee for withdraws and a $20 fee for bank transfer withdrawals.

Pepperstone holds 2 global Tier-2 licenses, while Lime Fx holds 1. Based on our research on the regulatory status of over 60 brokers, we’ve found that Both Lime Fx and FxPro hold 2 global Tier-1 licenses. Lime Fx shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform.

Neither have Int’l Stock Trading (Non CFD) and Cryptocurrency (Physical). It was only launched at the start of 2017 and it is a direct replacement for https://limefx.name/ their previous software that was known as Iresstrader. This new platform runs on HTML 5 technology, which makes it a lot more responsive to trades.

The MetaTrader platform is also available, alongside an extensive selection of forex pairs, CFDs, and other instruments including options, derivatives, and even cryptocurrency CFDs. For a deeper dive into their offerings, check out my full IG review. At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Based on our research on the regulatory status of over 60 brokers, we’ve found that Lime Fx Group holds 4 global Tier-1 licenses, while Lime Fx holds 2. Based on our research on the regulatory status of over 60 brokers, we’ve found that Pepperstone holds 3 global Tier-1 licenses, while Lime Fx holds 2.

The final output produces star ratings from poor (one star) to excellent (five stars). One way is to compare Actual versus Forecast values and trade accordingly. Technical analysts also regularly use economic calendars to help highlight potentially high-impacting economic events that could affect active positions or may influence a trade that is about to be opened. An economic calendar lists scheduled economic data and central bank events. By clicking on the ‘Detail’ tab, you will have access to historical data for the event, related news stories, and specifics about the event, such as its source, what the economic data measures and the frequency of the release.

They meet all of the appropriate compliance checks and balances. Lime Fx is well-respected and they are one of the most reliable brokers in the space today. This has been shown time and time again over the past 14 years.

He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables.

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. Forex trading can be complicated, but it’s certainly possible for beginning investors to diversify their portfolios by trading currencies and other forex assets. 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 of forex trading platforms, so take the time to avail yourself of this information. Pepperstone offers uncomplicated access to the markets, which allows clients to focus on the complicated task of successfully trading the markets. Pepperstone is ideally suited to traders who want a manageable range of low-cost offerings, multiple choices of user interfaces and account types, and efficient customer support.

Established in 2005 in Sydney, Australia, Lime Fx has a strong reputation in European and Australian markets despite a moderate monthly search volume of 27,100. Lime Fx is overseen by two top-tier financial authorities, being the Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) in Europe. Over the years we’ve conducted thousands of hours of research, crafted tens of thousands of words, spoken at the biggest global Forex expos, and developed proprietary algorithms and powerful tools. Read our full explanation and accounting of our research and testing process to learn more about how we test.