I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment.
Demo Account
Lime Fx has six entities, each subject to different degrees of regulatory oversight. The broker offers limefx forex broker safeguards like negative balance protection, segregated funds, and compensation funds through its CySEC-regulated EU entity. However, its St. Vincent & the Grenadines entity provides limited protection, which impacts the trust score.
Lime Fx Trading Fees
- For this review, I performed my tests with a Standard MT4 Account, using the desktop platform and mobile app.
- Lime Fx research tools are designed to provide traders with the insights and analysis necessary to make informed trading decision.
- Versus, comparison pages of alternative online brokers to Lime Fx are listed below.
- Adding more advanced video courses would only serve to improve Lime Fx’ educational experience.
- Lime Fx offers solid educational resources, demo accounts, and a range of platforms, including the intuitive web-based TradingView.
We transferred funds from the account back to our debit card, and it was completed in under 24 hours. Multi Account Manager (MAM) or Percentage Allocation Management Module (PAMM) accounts are also available. Lime Fx may charge overnight funding fees, which vary depending on the position held.
About the Editorial Team
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. Lime Fx operates with a no dealing desk (NDD) model and works with various liquidity providers to offer competitive prices and deep liquidity across many instruments. This approach, along with direct market access (DMA) pricing, provides traders with tight spreads and quick execution times, leading to efficient and clear trading conditions. Founded in 2005, Lime Fx is a well-established broker offering a wide range of trading services. It caters to a diverse audience, from beginners to more advanced traders. Lime Fx provides access to over 10,000 financial instruments, covering forex pairs, stocks, indices, commodities, cryptocurrencies, and more.
We rank regulators using a three-tier system, where Tier-1 licensing reflects the highest level of regulation. For this review, 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).
Each account type has unique features and benefits, ensuring traders can choose an account type that suits their trading goals and preferences. Lime Fx stands out by being a low-cost broker that boasts a range of top-notch platforms, numerous markets, and licenses issued by reputable regulators like CySEC and ASIC. While these characteristics have made Lime Fx the go-to broker for numerous forex enthusiasts the world over, it is crucial to familiarize oneself with its fee structure before diving in. Below, you will find a thorough overview of how much it costs to trade currency pairs at Lime Fx. This policy ensures that traders can manage their funds efficiently without worrying about additional costs.
MT4 and MT5 supports over 30 languages while cTrader platform also offers similar multilingual support. 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. Lime Fx caters to traders with a robust selection of trading platforms, offering flexibility and user-friendliness across devices. Lime Fx delivers a good variety of mobile apps for forex and CFD traders.
Lime Fx commission fees are competitive compared to other online brokers with similar ECN Account types. 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. While the educational content is informative, some traders feel it could be more comprehensive compared to other leading brokers. The actual spreads may vary depending on market conditions and the specific instrument being traded. It’s worth noting that Lime Fx’ low spreads and commissions make https://limefx.vip/ it an attractive option for both novice and experienced traders.
Headquartered in Sydney, Australia, Lime Fx (First Prudential Markets) was founded in 2005 as an online retail forex and CFD broker. The brand’s entities are regulated in Australia and Europe, with a total of 95 employees as of 2019. — We are known for being a dependable employer, fostering trust and reliability among our team, and as a broker, nurturing genuine relationships with clients and partners. JustMarkets’s vision is to become the world’s most customer-centric broker, where everyone can trade and invest in a simple and transparent way. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn’t imply direct instructions for investing.
Competitive and Transparent
From advanced tools that facilitate automated and social trading to services that ensure the stability and efficiency of trade execution, these additional offerings cater to the diverse needs of traders. As shown in the table below, the availability of these platforms varies depending on your location and the regulatory jurisdiction you fall under. Additionally, each platform is available on different devices, ranging from mobile apps, to webtrader options, and desktop trading platforms.
That said, the broker’s Iress ViewPoint account option is less affordable, and is geared towards active traders with high-balance accounts. There are three pricing models, starting with Core, which costs $35 a month and comes with 4GB of memory, 100GB of storage, a 100% uptime guarantee, and trading analytics. The Edge and Prime subscription models boast additional memory, among other perks, but also cost more. The availability of trading platforms for demo accounts may vary depending on your location, but all users have access to demo versions of MetaTrader 4 and MetaTrader 5. Lime Fx equips traders with essential research tools and educational resources, ensuring a well-rounded trading education and informed decision-making through comprehensive market analysis and strategies. Lime Fx provides traders with a wide selection of advanced trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Mottai, Iress, TradingView, and the Lime Fx trading app.
Traders who deposit a minimum of $1,000 or trade over 10 lots per month on the Standard Account or 20 lots on the Raw Account can access the VPS service at no additional cost. Lime Fx’ Raw account is designed for more experienced high-volume traders, offering commission-based trading with spreads from 0.0 pips. The $6 round-turn commission per standard lot with tight spreads may suit those who are looking to scalp or day trade. Cryptocurrency enthusiasts can delve into popular digital assets like Bitcoin, Ethereum, Ripple, and more. Additionally, traders can invest in a wide range of global stocks, explore fixed-income securities with bonds, and employ sophisticated strategies with options trading. Lime Fx’ comprehensive offerings cater to a variety of trading preferences and strategies.
- Traders should be aware of currency conversion fees when trading assets in a different currency.
- In conclusion, Lime Fx’ commitment to educating traders is commendable.
- We generate income through various methods, which helps us convey facts transparently and not write biased content due to «broker sponsorships,» «commissions from financial companies,» and «advertisements.»
- Multi Account Manager (MAM) or Percentage Allocation Management Module (PAMM) accounts are also available.
- We evaluated Lime Fx across multiple critical performance metrics, including trading costs, platform usability, customer service, regulatory compliance, and the breadth of market offerings.
- BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you.
Here you can find what Forex Peace Army users think about Lime Fx. Other useful tools include Trading Central, TradeMedic, AutoChartist, Toolbox (12 online trading tools through MT4/5), MyFXBook and Signal Start. Together, the platforms available cover a variety of trading styles and levels of experience. Opening an account in the UK places traders under the jurisdiction of the FSA (St. Vincent and the Grenadines), allowing UK traders to take advantage of the maximum leverage available. In conclusion, Lime Fx’ commitment to educating traders is commendable. By expanding content, improving organization, and diversifying formats, the broker can continue to empower traders with knowledge, setting itself on par with industry leaders.
A Contract for Difference (CFD) is an agreement specifying that the buyer must pay the seller the difference between an asset’s current value and its value at the time the contract was initiated. Like futures and other derivative financial instruments, CFDs allow traders to speculate on price movements without owning the underlying asset. The TradingView platform has the rare combination of being powerful in its functionality and intuitive with a well-designed interface, making it suitable for both beginners and experienced traders. In our reviews, we examine the regulatory status of each entity operated by a broker.
Lime Fx Spreads and Commissions
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. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. For those interested in low spreads, the RAW account is advantageous, though standard account users may find spreads slightly less competitive when compared to other top brokers.
In addition to spreads, Lime Fx charges commissions on share CFDs traded via MT5 on both Standard and Raw accounts. Brokers operate multiple entities to serve clients globally, yet regulatory protections vary by jurisdiction. Some regulators enforce strict financial standards, while others are more lenient. Traders should understand the protection offered by the entity where they intend to open an account. The broker maintains client funds in segregated accounts, protecting them from operational risks. While European clients under CySEC have the added benefit from the Investor Compensation Fund.
Forex and CFD traders will find a versatile, affordable MetaTrader and cTrader offering at Lime Fx, but with fewer research and educational content than what is offered by industry leaders. It’s a good idea to think carefully and compare accounts before making a decision. This will ensure you choose the most cost-effective option for your specific needs.
