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. With a commitment to both novice and seasoned traders, Lime Fx offers educational resources and customer service that enhance the trading experience. Lime Fx offers its clients the advantage of no deposit or withdrawal fees, coupled with a broad selection of payment methods including credit cards, debit cards, bank transfers, and e-wallets. Lime Fx commission fees are competitive compared to other online brokers with similar ECN Account types.
Providing a Secure Trading Environment
Lime Fx offers mobile trading apps for both Android and iOS devices, providing traders with convenient access to the markets while on the go. 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. Lime Fx offers traders a competitive commission-based cost structure, quality trading tools, deep liquidity, and fast order execution. Therefore, Lime Fx ranks among the leading brokers industry wide. The online account opening process remains straightforward, but Lime Fx collects more data than some other brokers. It does offer traders to complete the limefx broker reviews first step via a Google or Facebook account.
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 Lime Fx (87). 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. Use our international search tool to find a broker that accepts clients from your country. After evaluating each broker based on limefx scammers their number of held licenses, years in business, and a range of other data-driven variables, we’ve determined that Lime Fx Group (88) earned a higher Trust Score than Lime Fx (87). In summary, Lime Fx offers a straightforward account opening process. Lime Fx does not charge an inactivity fee, which benefits traders who may not trade frequently.
We have conducted an in-depth review of this CFD broker to provide traders with a complete overview of the trading environment at Lime Fx. Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms. 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.
- Whether using iOS or Android devices, Lime Fx ensures that traders have the critical tools they need right at their fingertips, making mobile trading both efficient and accessible.
- The MT4 platform has a limited selection of just four stocks, making MT5 or IRESS preferable if you are interested in share trading.
- It provides essential trading features and tools, ensuring a smooth trading experience.
- Our assessment also considered unique features that set Lime Fx apart from competitors.
excellent customer support
Other global clients will deal with First Prudential Markets LLC, an unregulated entity. This unit remains registered as an international business company (IBC) with St. Vincent and the Grenadines Financial Services Authority (FSA), but brokers remain unregulated in that country. Traders should not confuse this setup, as all brokers out of St. Vincent and the Grenadines are unregulated. Clients must rely solely on the reputation of Lime Fx, as no additional measures exist to ensure client protection, as available and implemented by other brokers. Most of Lime Fx’ research is found under the Traders Hub section on its website, where it is separated into technical and fundamental analysis.
What products does Lime Fx offer?
The most recent expansion includes a proprietary copy trading service, Lime Fx Copy Trading. VPS hosting is available, but minimum requirements exist to receive it free of charge. On the downside, the Iress trading platform remains geographically restricted and subject to non-trading related fees unless traders fulfill monthly trading volume requirements, which adds pressure to trade.
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 alternatives. Lime Fx shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform.
The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Forex traders also appreciate the ability to engage in social copy trading. 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.
The minimum deposit requirement for both Standard and Raw accounts with Lime Fx is 50 USD/EUR/GBP in Europe and 100 AUD or its equivalent for Australia and international clients. Lime Fx has a low minimum deposit and offers a range of fee-free deposit and withdrawal methods. Whether using iOS or Android devices, Lime Fx ensures that traders have the critical tools they need right at their fingertips, making mobile trading both efficient and accessible. If you live in Australia, you also have the option of opening an IRESS trading account.
Install Our Apps
As shown in the table below, RAW Account holders pay $3 per side, per 100k traded, while most brokers charge $3.50. Lime Fx’ RAW account offers ultra competitive raw pricing, especially for AUD/USD and EUR/GBP, with spreads at 0.20 and 0.30 pips respectively. When trading Lime Fx commission-free spreads, MetaTrader 4 and MetaTrader 5 are available as trading platform options, and for those located outside Australia and the EU, cTrader is also an option. Lime Fx offers competitive no commission spreads, as low as 1.1 pips for the frequently traded EUR/USD forex pair. The withdrawal process remains swift and hassle-free, earning Lime Fx a top rating in this category.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that Lime Fx offers better pricing overall for traders. This review of Lime Fx is grounded in CompareForexBrokers’ rigorous and transparent methodology, as detailed on Our Methodology page. We evaluated Lime Fx across multiple critical performance metrics, including trading costs, platform usability, customer service, regulatory compliance, and the breadth of market offerings.
Lime Fx User Experience
Hi Clement, If you have an account with Lime Fx Australia then I would expect you should be able to use the IRESS account. As I understand it, it’s only the Lime Fx subsidiaries outside Australia that don’t offer IRESS, so in your case I don’t believe you should need to use the VPN. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.
Australian clients remain shielded from potential damages by the Scheme for Compensation for Detriment caused by Defective Administration (CDDA Scheme). 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. 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.
Lime Fx shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader or cTrader platform. 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. Traders can access Lime Fx’ web-based trading platform from any web browser without the need for installation. This web platform offers flexibility and accessibility, making it a convenient choice for traders who prefer to trade from various devices and locations. It provides essential trading features and tools, ensuring a smooth trading experience.
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