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). Yes, based on your detected country of FI, you can open an account with this broker. Featuring negative balance protection and funds security, LimeFxFX makes Islamic accounts available with several other account styles. You can enter contests, and you might want to try CopyTrading if you’re new to the investing space.

1. Whether using iOS or Android devices, LimeFx ensures that traders have the critical tools they need right at their fingertips, making mobile trading both efficient and accessible.
2. Note that you don’t have to install any additional software either.
3. You can enter contests, and you might want to try CopyTrading if you’re new to the investing space.
4. Our partners cannot pay us to guarantee favorable reviews of their products or services.
5. Myfxbook is a platform by LimeFx that provides the Autotrade system to copy the wide range of successful trade systems into the MetaTrader 4 trading accounts.
6. 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.

The global foreign exchange (forex) market is the largest and most actively traded financial market in the world. Scope Markets is a global online trading broker that offers institutional and retail trading services to businesses and traders. This comprehensive Scope Markets review will explore the broker’s trading instruments, fees, trading platforms, regulations, deposit and withdrawal methods, spreads and leverage.

The broker also has a partnership with financial institutions to ensure competitive margins at just 1% with zero commissions. The trading platforms for trading indices are MetaTrader 4 and MetaTrader 5. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

Review Methodology

CMC Market is our top pick, but your needs may be better-suited by another forex broker on our list. 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.

Web Trading Apps

LimeFx also offers customer support five days a week in multiple languages. The outstanding education and learning material are provided by the broker. Overall, the fast execution and tight spreads make it superior to its competitors.

Off Benzinga’s Most Powerful Trading Tools

According to his comments, it was evident that the customer service team issued prompt responses. Another user on Quora shared his great customer service experience in his comment, explaining that the team responded to his queries quickly. The user also mentioned that the spreads and trading conditions are limefx courses scam good even in volatile market conditions. The Quora community largely wrote reviews in support of LimeFx. One of the users raised a query on Quora regarding the legit status of LimeFx, in response to that, Kane Ferdinand shared his personal experience and referred to it as a promising broker.

LimeFx has an overall trust score of 60 based on regulation, reputation, and reviews. If you live in Australia, you also have the option of opening an IRESS trading account. While designed for stocks, other selected CFD products are also available on the platform. In most cases when using IRESS, you will pay a monthly fee of $55. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.

Demo account trading can also help prevent potentially costly errors that might arise from you being unfamiliar with the broker’s trading platform. A good forex broker should offer educational materials, webinars, tutorials and market analysis to help traders enhance their knowledge and make informed trading decisions. As the forex market operates 24/7, it’s essential to choose a broker that provides reliable and responsive customer support. Look for brokers that offer multiple channels of communication, such as live chat, email and telephone support. Test their customer service beforehand to gauge their responsiveness and knowledge.

Additionally, based on ownership, LimeFx accounts have different types as well. We’ll be discussing these different kinds of fees in this section of the review. Following hotter-than-expected US CPI inflation numbers pulling the EUR/USD southbound yesterday, the currency pair is now testing the mettle of long-standing support ahead of today’s ECB rate decision. While the central bank is unlikely to cut rates today, there is mounting speculation that we will see a 25bp cut at June’s policy-setting meeting, particularly… We use dedicated people and clever technology to safeguard our platform.

NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances.

The Metatrader 4, Metatrader 5, Iress Essential, Web Trader, and Mobile App are available on LimeFx. Let’s take a look at both desktop and mobile trading platforms in this section of the review. A step-by-step guide to creating accounts on both platforms will also be explored. LimeFx is a great option for traders who are looking for low-cost forex brokers.

The live podcast is also broadcasted on Spotify and Google Podcasts to deliver educational material in an entertaining way. Technical analysis can be done through charts and a set of indicators. A built-in economic calendar provides the most recent market news, in-depth insights, and macroeconomic releases to support financial news and fundamental research. LimeFx charges no fees for processing bank https://limefx.vip/ wire transfers, but for other methods of withdrawals, the intermediary fee is charged by the financial institutions. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. The support team is really fast and super effective, they did not pay me lol.They actually are really good, spreads, comissions, everything is great.