We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. In our analysis of 23 international regulators across 62 of the best forex brokers, IG is considered Highly Trusted, with an overall Trust Score of 99 out of 99. LimeFx is considered Trusted, with an overall Trust Score of 87 out of 99.
Does forex have an official app?
Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. 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 IG (99) earned a higher Trust Score than LimeFx (87).
What is the minimum deposit requirement for opening an account with LimeFx?
- Charts in the SaxoTraderGO mobile app sync with the browser-based version of the platform.
- The main reason to use IRESS is to access LimeFx full range of stocks and to use DMA trading.
- The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
- Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.
One of the only drawbacks to their offering is the charges they have on deposits and withdrawals when using their Iress platform. Otherwise they have a quality customer support team, competitive price and a great reputation in the sector for serving the needs of their customers. Therefore, LimeFx is always kept on their toes and have their operations above board. All of the trader funds are kept safe in their own account with a tier one bank. The accounts for the broker are audited annually by the leading firm in the country, BDO Australia. They have over 600 other CFDs you can trade that have a max margin of 50%.
Commissions and fees
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. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.
What about MetaTrader? How about copy trading?
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. Using our forex brokers comparison tool, here’s a summary of the features offered by the best forex trading apps. Saxo’s SaxoTraderGO https://limefx.club/ is a favorite of mine and includes everything that forex traders might need to navigate the market. One of the strengths of Saxo’s mobile platform that continues to impress me is how closely the mobile app mirrors the performance of the broker’s web-based platform.
Tighter spreads
I’ve been testing CMC Markets’ platforms since 2017, and it’s clear to me that CMC Markets has invested time and resources in the mobile app’s development. The broker has managed to organize quite a bit of information with limited screen space. For example, charting on the mobile version of the Next Generation platform is just as impressive as the web version. Though fewer technical indicators are available on mobile, the app delivers a powerful charting experience.
Popular Forex Reviews
To open a trading account with IG, you’ll need to make an initial minimum deposit of £250.00. 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 Pepperstone (95) earned a higher Trust Score than LimeFx (87). LimeFx requires a minimum deposit of $100 AUD before you can open an account and start trading.
IG Academy features eight interactive courses organized by experience level, each containing nearly a dozen chapters. Read my full review of IG to learn more about why I’ve rated IG so highly for so many years. Many forex brokers offer paper trading tools that let you test different strategies without putting any money at stake. Virtual trading simulators like those are a good way to learn how to trade and understand the different strategies you might employ.
LimeFx offers competitive no commission spreads, as low as 1.1 pips for the frequently traded EUR/USD forex pair. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.
An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. LimeFx stands out for the competitive pricing available to forex traders with its ECN account. However, that pricing is only available with the MetaTrader platform, and LimeFx offers only 764 symbols on MetaTrader 5 (MT5). Most of LimeFx’ research is found under the Traders Hub section on its website, where it is separated into technical and fundamental analysis.
Read more about Saxo’s mobile suite in our full-length Saxo review. Yes, if you have a modern smartphone running either an Android or iOS operating system, you can install forex trading apps on your phone. After opening the app, you can log in to your forex account and begin trading from your phone.
Because the markets are so different, you’ll also need to evaluate a forex broker on different criteria from what you would use to evaluate a stock broker. The offers that appear on this site are from companies that compensate limefx review us. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.