Lime Fx Review And Rating

Sure, you pay a commission per trade, but with spreads that razor-thin, those commission fees can become a distant memory, especially if you’re an active trader. During my testing, on higher volume trades, the tighter spreads in the Raw Account definitely outweighed the commission costs. When a broker prioritizes financial stability through measures like client money segregation and capital adequacy, it directly translates to secure and timely payouts for traders. If your funds are held separately, there’s no reason for the broker to withhold them.

Costs and fees

The brand’s entities are regulated in Australia and Europe, with a total of 95 employees as of 2019. The MetaTrader platforms are not the most intuitive, so the MT4/MT5 tutorials are a great addition to the Lime Fx education section. This video series covers everything from the basics, like how to download the platform, to more advanced topics, like VPS Installation. The range of deposit methods and speed of processing is better than average for the industry. Lime Fx operates entities licensed by top-tier regulators that offer relatively high account security and others that are regulated offshore or unregulated.

Additionally, you should review the broker’s policy and terms of service. Lime Fx offers a broad array limefx website of trading instruments including over 70 currency pairs (7 majors, 21 minors, and various exotics), more than 780 share CFDs, 46 ETFs, and 2 bonds. The platform also includes over 15 equity index CFDs, 8 additional index CFDs through Direct Market Access, and a variety of commodities comprising 17 metals, 5 energy products, and 7 soft commodities. Additionally, Lime Fx offers 12 major and minor cryptocurrency CFDs with availability depending on the region. For Australian clients using the IRESS platform, they provide access to up to 10,000 traditional stock CFDs. They also provide Direct Market Access (DMA) share trading through the IRESS platform.

• The Standard account is designed for beginners and intermediate traders, offering commission-free trading with competitive spreads from 1.0 pip for Forex and Metals.
• Guaranteed stops are typically not available with ECN brokers due to the fast-moving nature of the market.
• Lime Fx offers a broad selection of over 10,000 products across multiple asset classes, making it a versatile choice for traders looking for extensive trading options.
• Now, with such a vast selection, there’s always a concern about liquidity.
• While there’s no account inactivity fee, it’s essential to note that other fees might apply.
• Lime Fx is a global broker that started in Sydney, Australia in 2005.

Top Forex Trading Strategies for Maximum Profit

• You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.
• They’ve got everything from the major forex pairs you’d expect (think EUR/USD, USD/JPY) to more obscure minors and even exotic pairings.
• We evaluated Lime Fx across multiple critical performance metrics, including trading costs, platform usability, customer service, regulatory compliance, and the breadth of market offerings.
• However, if you heavily rely on social sentiment analysis or require a proprietary platform, you might need to explore other options.
• You can initiate a withdrawal through your client portal, choosing your preferred method (bank transfer, e-wallets etc.).
• Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange.

I rate the quality of research materials to be better than the industry average. I performed my tests with a Standard MT4 Account, using the desktop platform and mobile app. The account was opened with the Australian entity of Lime Fx (First Prudential Markets PTY Ltd) for this review. Some features and services may vary depending on where you reside. This is because they use ECN pricing, which means orders are filled at the best available market price once triggered.

Trading tools

This broker offers many forex and CFD offerings, along with several advanced trading tools. I found the Trader Toolbox very useful, especially the technical analysis insights. With a commitment to both novice and seasoned traders, Lime Fx offers educational resources and customer service that enhance the trading experience. MetaTrader platforms are renowned for their reliability, comprehensive charting tools, and extensive support for automated trading. Both MT4 and MT5 offer features such as customisable charts across multiple time frames, a wide range of technical indicators, one-click trading, and support for trading robots (Expert Advisors). Lime Fx caters to 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.

It does not have a sleek interface and requires some time and effort to learn, but that is typical of advanced platforms. For example, clients with the CySEC-regulated EU entity benefit from a high level of regulatory scrutiny and a compensation scheme in the event of broker insolvency. Meanwhile, offshore entities of Lime Fx have a reduced level of account protection. In my experience, Lime Fx generally offers good market depth and liquidity. This means you can enter and exit trades efficiently without significant price gaps.

Minimum deposit

Here you can find what Forex Peace Army users think about Lime Fx. Lime Fx does not accept clients from the United States of America due to strict regulatory rules imposed by the Commodity Futures Trading Commission (CFTC ) and National Futures Association (NFA). Lime Fx ensures the safety of client funds by segregating them from its operating capital, meaning your money is kept separate and protected from any company liabilities. Other useful tools include Trading Central, TradeMedic, AutoChartist, Toolbox (12 online trading tools through MT4/5), MyFXBook and Signal Start. They offer 12 cryptocurrency CFDs including the major cryptocurrencies such Bitcoin, Ethereum, Ripple etc. They offer 15 Index CFDs, including popular choices like the US100, US500 and UK100.

Web Trading Apps

This approach allows us to provide a transparent comparison of Lime Fx against its peers, highlighting its strong position in the forex industry, especially for the EUR/USD pair. In summary, Lime Fx offers a straightforward account opening process. When we opened our account, a Client Account Manager contacted us, provided their direct contact information, and offered help whenever needed.

FX Markets clients can access the ECN pricing model through the RAW account with a minimum deposit of USD 100. Lime Fx has low spreads and is limefx company reviews regulated with ASIC and the CySEC. We discovered that Lime Fx offers excellent trading platforms, a wide range of CFD markets, and fast execution speeds.

Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money. The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users have gotten up to speed on a demo account, they can easily switch to a live version. Lime Fx sets itself apart in the competitive broker landscape with its ECN-style pricing and extensive asset offerings. It’s recognised for providing a variety of trading platforms, including MT4 and MT5, and for its swift execution speeds. Areas we scored Lime Fx the highest were excellent customer service (9/10), great educational resources (8/10) and a wide variety of funding methods (8/10).

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. Offers higher leverage for EU residents but unfortunately not for the US residents in St.Vincent and Grenadines or Seychelles jurisdictions. One thing Lime Fx emphasizes is ECN (Electronic Communication Network) pricing for many instruments.