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. The asset selection for MT4/MT5 traders consists of more than 250 trading instruments, an adequate level of choice for most traders. Forex traders get 70+ currency pairs, and diversification opportunities exist via cryptocurrencies, commodities and metals, indices, equity CFDs (available through the MT5 trading platform), and bonds. The IRESS trading platform lists over 10,000 equity CFDs limefx and a few futures contracts, but its availability remains geographically restricted. Our mission is to provide in-depth, unbiased reviews of international forex brokers, and to create world-class content about the global forex industry.
Clients may reach out via e-mail, live chat, phone, or the call-back option. A quality FAQ section answers many questions, and most traders may require additional assistance only during emergencies. The $4.00 per trade difference adds up over time and trading volume, allowing traders to save hundreds and even thousands in fees per month. Here is a screenshot of a live Lime Fx MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. First Prudential Markets LTD remains authorized by the Cyprus Securities and Exchange Commission (CySEC), a leading Forex regulator. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
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 limefx broker reviews are held separately, there’s no reason for the broker to withhold them. Financial stability is a cornerstone of trust for any forex broker.
Now, with such a vast selection, there’s always a concern about liquidity. During my testing, even the less popular instruments seemed to have decent liquidity, with tight spreads and smooth execution. No waiting around for orders to fill or getting stuck with massive spreads that eat into your profits.
Lime Fx Fees
- In summary, Lime Fx demonstrates its commitment to providing traders with the tools and insights they need for successful trading endeavors.
- The trading fees at Lime Fx consist of spreads, commissions, swap rates on leveraged overnight positions, and currency conversion fees where applicable.
- Since mobile apps cater more to portfolio management, up-to-date developments, and copy trading, they offer the necessary tools to achieve the above.
- Our review focused on the MT4 trading platform, available to all clients at Lime Fx.
- Lime Fx offers Standard Accounts with commission-free trading and educational resources.
It also operates under regulatory oversight from the Australian Securities & Investments Commission and the Cyprus Securities and Exchange Commission. Most international traders will deal with the unregulated but duly registered St. Vincent and the Grenadines subsidiary. With over fifteen years of experience and a clean operational record, FP Markers established itself as one of the most secure and trustworthy multi-asset brokers. All withdrawals except for Xpay transfers in Thai Baht face costs, especially once traders consider third-party fees, which Lime Fx does not control. Equity CFD traders using the geographically restricted Iress trading platform pay a commission between 0.06% and 0.30% per trade per side, dependent on the exchange, with minimum costs per transaction. Cryptocurrency enthusiasts can delve into popular digital assets like Bitcoin, Ethereum, Ripple, and more.
Traders should always trade with a regulated broker but ensure that the trading environment remains competitive. Australian clients will deal with the subsidiary, regulated by the Australian Securities and Investments Commission (ASIC) – a tier 1 regulator, First Prudential Markets PTY LTD. Lime Fx operates under the protection of the Act of Grace mechanism under section 65 of the Public Governance Performance and Accountability Act 2013. Australian clients remain shielded from potential damages by the Scheme for Compensation for Detriment caused by Defective Administration (CDDA Scheme).
Trading Fees
These policies contribute to Lime Fx receiving a top rating for its deposit and withdrawal procedures. Overall, Lime Fx’ customer support, with its responsiveness, accessibility, and supplementary resources, ensures a positive and well-rounded support experience for traders. Forex trading is cost-effective, with tight spreads benefiting traders. Lime Fx recognizes the diversity of its clientele and has crafted its account offerings to cater to the distinct needs of traders, from beginners to seasoned professionals. From a customer support perspective, Lime Fx delivers across the board. The multilingual customer support is available in 34 languages, 24/7.
Educational Resources
Lime Fx does not charge inactivity fees but archives inactive accounts after 30 days of dormancy. In summary, Lime Fx offers a straightforward account opening process. Traders should be aware of currency conversion fees when trading assets in a different currency. Lime Fx earns a top-notch rating in trust and safety due to its extensive regulation, comprehensive fraud prevention measures, and stringent client fund security protocols. Traders can have confidence in the broker’s commitment to maintaining a secure and trustworthy trading environment.
Lime Fx caters to traders with a robust selection of trading platforms, offering flexibility and user-friendliness across devices. The withdrawal process remains swift and hassle-free, earning Lime Fx a top rating in this category. The back office makes it easy to request a withdrawal, which takes a few seconds. There are no internal withdrawal costs at Lime Fx, but third-party charges may apply, dependent on the selected method.
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 a good variety of mobile apps for forex and CFD traders. 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 also earned Best in Class honors for Commissions and Fees in our 2024 Annual Awards.
Lime Fx remains regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). It maintains an elevated level of transparency and has established itself as a reliable broker. It continues to earn the trust of clients for over fifteen years and counting. At the time of this review, Lime Fx neither provides bonuses nor grants special promotions. Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies.
Markets Offered
Lime Fx seems to have this instrument buffet well-stocked and well-maintained. While Lime Fx’ regulatory framework suggests a commitment to financial stability, complete risk elimination is impossible. To further mitigate risk, I advise traders to opt for the ASIC-regulated entity. Read our in-depth reviews of forex and CFD brokers, and compare the best online brokers side-by-side.