In addition to an above-average range of currency pairs, indices, commodities, and shares, I noted the availability of CFDs on bonds and ETFs, which are less commonly available. Forex traders have access to everything from major pairs like EUR/USD to exotic pairs like USD/ZMW (Zambian Kwacha). Market sentiment data indicates the percentage of client accounts that are long (buyers) or short (sellers). The information is collected from all available cTrader servers across multiple brokers.
deposits/withdrawals
The broker’s client assets reached £561.1 million, reflecting its established position particularly in the UK and European trading landscapes. 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.
- Next, analyze the asset and determine a forecast of the price movement.
- For international deposits, Lime Fx goes a step further by offering to cover internal bank fees.
- Despite this, Lime Fx maintains transparency and boasts a 20-year track record.
- This is significant in getting successful trades due to the fact that charting enables you to read and understand how the market moves.
- Also, there is a monthly GST fee of $22 AUD that is waived for ASX data whenever the trader generates at least $50 AUD of commission in a month.
Can I trust Lime Fx?
Lime Fx provides the flexibility of choosing from seven base currencies for funding your account, including USD, AUD, NZD, CAD, GBP, EUR, and CHF. Upon registration, you have the option to select your preferred account base currency, which will be used for calculating commissions and managing your funds. 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.
This tool automatically detects chart patterns and key price levels, helping traders anticipate potential market trends. Likewise for withdrawals, the range of methods, speed of processing, and absence of fees are better than the industry average. Lime Fx does not apply any fees for deposits/withdrawals, however, in some case,s the payment providers may apply fees. I tested Lime Fx customer service with dozens of queries, ranging from platforms to fees and account-related issues. Key elements include cutting-edge, highly customizable charts with over 100 indicators and 50 drawing tools, as well as a community of millions of like-minded traders and investors.
Guaranteed Stop Order Fee
Lime Fx commits to adhere to strict capital payout obligations and has a risk management program to ensure its clients’ safety. Lime Fx offers 24/7 customer support to both retail and professional clients globally through various channels, including phone / call back service, email, live chat, and social media. The company showcases its customer service awards and emphasizes delivering personalized and proactive support. These unique features collectively empower traders to navigate the complexities of the financial markets with precision and confidence.
It offers more than ten flexible funding options in 10 different base currencies. These payment methods vary in what type of account (either MT4, MT5, or IRESS) you’ll be placing your funds in. Also, the processing time of the deposit varies on the type of your account and the payment method you choose to use.
Higher minimum deposit for certain account types
You can customize your forex trading layouts, and it highlights one-click trading in the palm of your hand. 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.
- Lime Fx offers a broad array 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.
- It is regulated, and we can definitely say that Lime Fx is not a scam.
- For the second IRESS account, the Platinum IRESS Account minimum deposit is $25,000 AUD or equivalent.
- Together, the platforms available cover a variety of trading styles and levels of experience.
Review of trading conditions for traders of Lime Fx
Traders can have confidence in the broker’s commitment to maintaining a secure and trustworthy trading environment. Many users praise the advice from customer service agents and state that their problems are usually resolved quickly. Lime Fx is a safe and trustworthy broker that is regulated by both ASIC and CySEC. These are two high profile regulators, giving you peace of mind that your information and money are both safe and secure.
It provides a demo account, offering a risk-free environment for practice. Managed accounts are available for those preferring professional management. The broker’s user-friendly interface, educational resources, and demo account make it suitable for beginners. Simultaneously, its extensive range of instruments, low spreads, and advanced trading tools cater to professional traders.
In summary, Lime Fx demonstrates its commitment to providing traders with the tools and insights they need for successful trading endeavors. First Prudential Markets (popularly known as Lime Fx) stands as a beacon of versatility, serving both novice and seasoned traders. With limefx website a diverse array of instruments and account types, the Australia-based company caters to all, making it a valuable ally in the world of online 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. Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices.
Lime Fx Account Types and Their Benefits
He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. You can contact a support agent 24/5 via live chat, telephone, or email, and support is available in several languages. Of course, you may experience slight delays during peak times, but this isn’t a regular issue.
Lime Fx also offers an Islamic account, which doesn’t involve any swaps or interest on overnight positions to stay in line with Islamic principles. Rather, you’ll be charged a fee on positions, which is deducted from your account balance. Our broker reviews are reader supported and we may receive payment when you click on a partner site. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site.
As Lime Fx is an Australian licensed forex broker, its clients’ interests’ are the top priority. 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, https://limefx.group/ VIP rebates and/or discounts, and a range of other important fee-based data points. 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. MetaTrader platforms are renowned for their reliability, comprehensive charting tools, and extensive support for automated trading.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago.
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. We used the chat service multiple times and consistently received responses within 10 to 30 seconds. The support team was knowledgeable, promptly addressed our questions, and provided links to relevant resources when needed. We also used the email facility and received a prompt response within 15 minutes answering all of our questions thoroughly.