Mobile trading is widespread among millennial and GenZ traders, copy traders, and those from emerging and frontier Forex markets. Our review focused on the MT4 trading platform, available to all clients at Lime Fx. The Iress trading platform, restricted by geographical location, focused on global equity trading, features numerous additional costs. They can total above $200 per month for low-frequency traders, but limefx scam Lime Fx has a program in place for active traders to receive reimbursement for most costs. While non-equity trading costs remain very competitive, equity trading tends toward the industry average. Lime Fx delivers a compelling proposition for forex and CFD traders.
During my testing, I did experience some minor slippage on a couple of occasions, but nothing that threw my entire strategy off course. Just a friendly reminder to always be aware of this risk and consider using stop-loss orders to manage any potential slippage surprises. These are the silent assassins that can eat away at your profits if you’re not careful.
The $6.00 commission for Forex traders per 1.0 standard lots remains among the best industry wide. You can initiate a withdrawal through your client portal, choosing limefx broker reviews your preferred method (bank transfer, e-wallets etc.). Make sure to verify your withdrawal method beforehand to avoid delays.
Dinesh is a great online support!
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. Lime Fx impresses with its user-friendly trading platforms, extensive range of tradable instruments, and competitive fee structure. Its commitment to trader education and unique features, such as comparative analysis and trend exploration tools, enhance its appeal. The broker’s customer support is responsive, while its deposit and withdrawal methods are flexible and secure.
Tailored to All Traders
The leverage amount offered by a broker depends on your categorization as a client with them (retail or professional) and which financial regulator the broker falls under. From my own experience, I would recommend avoiding unregulated brokers at all costs. There is no legal recourse should they run away with your funds or handle your capital negligently. The safety and trustworthiness of a broker should be the most important factors when choosing a forex broker with which to trade. After all, it is the broker who will hold your trading funds and execute your trades. Traders can benefit from excellent educational materials covering the futures market in both text and video format via the Futures Trading Academy.
Under regulations like ASIC and CySEC, Lime Fx is mandated to keep client funds separate from their own operational capital. This segregation ensures that even if Lime Fx encounters financial difficulties, your deposited funds remain secure and readily available for withdrawal. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency.
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. Founded in 2005, Lime Fx is an experienced broker with a clean track record. Therefore, traders can rest assured that their deposits, segregated from corporate funds, are safe. The NDD execution model allows for conflict-free trade execution, and external financial audits exist, but Lime Fx does not provide details about the auditor. Overall, Lime Fx is a transparent and trustworthy broker, one of the best out of Australia, and highly competitive globally.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Lime Fx supports a variety of funding methods, including bank wires, Neteller, PayPal, credit cards, and Skrill, providing flexible options for account deposits and withdrawals. Non-trading fees can include charges for account maintenance, account inactivity, deposits, and withdrawals. It is wise to review the deposit and withdrawal methods and their respective fees so you are not surprised by any high charges.
Withdrawal Fee
- The design and UX are outstanding and really place it in a class of its own.
- I love FpMarkets because of their transparency in the system and they have very nice helpline team.
- There is a flat rate fee of $6 per round-turn on a standard lot of forex with this option, however.
- Traders can benefit from excellent educational materials covering the futures market in both text and video format via the Futures Trading Academy.
- Reputable brokers, like Lime Fx (ideally), should publicly disclose relevant financial information.
Lime Fx is an Australian multi-asset broker with more than $1 billion in daily trading volume, serving clients from 80+ countries. Founded in 2005 in Australia, Lime Fx grew into a trusted brand over the past 15+ years with more than 100 employees. The upgraded MT4/MT5 trading platforms, via the Trader Tools consisting of twelve plug-ins, present clients with a competitive edge. 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.
Lime Fx delivers one of the most comprehensive selections of trading platforms and tools in the industry, ensuring traders have everything they need for successful trading. 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 both 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.
Lime Fx Leverage
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. For those seeking a more web-based experience, cTrader provides a sleek and intuitive interface, perfect for scalping and day trading strategies. Brokers regulated by well-established financial regulators have the highest level of investor protection and must follow strict rules to protect your capital. Choosing a regulated broker is essential to keeping your funds safe and ensuring your broker has no conflicts of interest in executing your trades.
I wanted to take a moment to express my appreciation for the excellent service and support provided by Lime Fx.
Australian clients will deal with the subsidiary, regulated by the Australian Securities and Investments Commission (ASIC), First Prudential Markets PTY LTD. 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.
Lime Fx deploys a hybrid market maker/ECN model with NDD order execution. Lime Fx is compliant with two regulators and operates as an authorized entity out of one jurisdiction. According to five leading user-review and broker ranking sites, Lime Fx ranks exceptionally well. Traders should always exercise caution when reading user reviews, especially for overly positive or negative remarks. Our in-house research confirms an excellent Lime Fx User Experience.
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. The benefits of trading with an ECN broker includes lower spreads, minimal slippage, lightning-fast order execution speed and deep liquidity. FX Markets clients can access the ECN pricing model through the RAW account with a minimum deposit of USD 100. We discovered that Lime Fx offers excellent trading platforms, a wide range of CFD markets, and fast execution speeds. Lime Fx offers traders a competitive commission-based cost structure, quality trading tools, deep liquidity, and fast order execution.
With 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. Yes, Lime Fx accepts retail forex traders from Canada, but do not accept clients from the United States (US). 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. To cater to its global clientele, Lime Fx’ live chat service is multilingual and supports over 12 languages, effectively removing language barriers and enhancing the overall customer support experience. 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. 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.