Many users praise the advice from customer service agents and state that their problems are usually resolved quickly. The exact cost is dependent on the payment method you go for, and the broker has also stressed that entities like one’s financial institution, for example, may attach their own charges to transactions. Then, by dividing the standard commission per lot by 100, we end up with a commission per micro lot of $0.03. For Iress accounts, a higher minimum deposit of 1000 AUD is required in Australia.
The depth-of-market (DOM) features within MetaTrader, and cTrader enables scalpers to see the volume of orders at each price level, providing insight into potential support and resistance levels. In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Lime Fx. As a leading financial media outlet, our editorial content is driven by rigorous research and data-driven insights, free from external influence. This assessment offers a transparent evaluation of Lime Fx’ conditions, tools, support, regulatory standing, and overall suitability for traders.
- Lime Fx offers competitive no commission spreads, as low as 1.2 pips for the frequently traded EUR/USD forex pair.
- Rather, you’ll be charged a fee on positions, which is deducted from your account balance.
- For example, below you can see the rollover rates that were applied at 5 PM EST on February 3rd, 2025.
- My tests also confirmed that the broker provides high-quality research from Trading Central and Autochartist, along with VPS hosting for low-latency execution – ideal for algorithmic traders.
- From detailed videos on YouTube to a Trading Glossary, Lime Fx cover everything a trader needs to start their journey.
An experienced media professional, John has 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 stands out for the competitive pricing available to forex traders with its ECN account. However, that pricing is only available with the MetaTrader platform, and Lime Fx offers only 764 symbols on MetaTrader 5 (MT5).
MetaTrader 4: My Key Takeaways
The Standard account doesn’t charge any commission but the Raw account does, depending on the trade you make. However, these charges are still lower in cost compared to many other brokers. With a commitment to both novice and seasoned traders, Lime Fx offers educational resources and customer service that enhance the trading experience.
- The actual spreads may vary depending on market conditions and the specific instrument being traded.
- It’s recognised for providing a variety of trading platforms, including MT4 and MT5, and for its swift execution speeds.
- Simultaneously, its extensive range of instruments, low spreads, and advanced trading tools cater to professional traders.
- Industry experts recommend Lime Fx for both beginner and expert traders.
Lime Fx offers a Raw ECN account with spreads from 0.0 pips and a $3.00 commission per lot round turn. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience. Regulated by ASIC and CySEC, and offering international services under offshore regulation, it ensures a secure trading environment.
The withdrawal amount will need to be the same amount as your deposit and via the same withdrawal method. Once deposits have been withdrawn, you can use an alternative method to withdraw profits. There is a minimum deposit of $100 AUD (or equivalent) for Standard and Raw Accounts. Traders should be aware of currency conversion fees when trading assets in a different currency. Traders engaging in Contract for Difference (CFD) trading will find Lime Fx’ fees reasonable and competitive.
Lime Fx Account Types
My tests also confirmed that the broker provides high-quality research from Trading Central and Autochartist, along with VPS hosting for low-latency execution – ideal for algorithmic traders. This regulation framework provides traders with a level of security and transparency, although specific restrictions may apply depending on the trader’s location. Lime Fx offers traders a straightforward and efficient process for deposits and withdrawals, emphasizing transparency and convenience. These unique features collectively empower traders to navigate the complexities of the financial markets with precision and confidence.
CTrader is a platform with an intuitive interface that can cater to day traders, scalpers, and advanced/algorithmic traders. It is designed to replicate an institutional trading environment, with features like Level 2 DoM (Depth of Market). The depth of market feature shows incoming liquidity from liquidity providers. limefx website Market orders, limit orders, stop-loss orders, and trailing stop-loss orders are available. Traders also have the option to apply time-in-force conditions such as Good-Til-Canceled (GTC).
Lime Fx Main Features
Lime Fx caters to the modern trader’s need for mobility and flexibility by offering mobile trading options across its platform range. You can manage their accounts, monitor markets, and execute trades from anywhere, at any time. These apps are designed to provide a seamless trading experience on the go, featuring intuitive interfaces, full trading functionality, and access to real-time market data and analysis tools. Lime Fx offers two trading models to its customers in the form of the Standard and Raw account types.
Versus, comparison pages of alternative online brokers to Lime Fx are listed below. The MT4 platform has a limited selection of just four stocks, making MT5 or IRESS preferable if you are interested in share trading. Outside of Australia and Europe, the online broker is regulated offshore in South Africa (FSCA), Seychelles (FSA), and Mauritius (FSC). Lime Fx has an overall trust score of 60 based on regulation, reputation, and reviews.
By sharing their links with friends and family, traders can earn up to $800 CPA for affiliates. These regulatory oversights ensure that Lime Fx adheres to strict financial standards, including segregation of client funds and regular audits. My test results place Lime Fx firmly in the above-average category, showing strength across multiple categories. This well-rounded performance underscores the broker’s commitment to meeting the diverse needs of beginners and experienced traders. I appreciate that the analysis covers a wide range of markets, including cryptocurrencies. Traders Hub also features reports on technical themes, citing chart patterns and key support and resistance levels.
Regulation tiers
Lime Fx offers a comprehensive range of trading options and competitive pricing. With platforms such as MetaTrader 4, MetaTrader 5, cTrader, and TradingView traders can access a variety of instruments, including Forex, CFDs, Stocks, and Cryptocurrencies. The broker offers low trading costs and high leverage options, making it suitable for both novice and experienced traders. Additionally, Lime Fx ensures the safety of client funds by keeping them in segregated accounts with top-tier banks, providing peace of mind for users.
Most of Lime Fx’ research is found under the Traders Hub blog section on its website, where it is separated into technical and fundamental analysis. When compared to the best brokers for research, Lime Fx has room to improve and could enhance its research offering by expanding it to include a wider array of daily content. It’s also important to note that Lime Fx isn’t available for US traders. In that case, our forex brokers for USA traders article will give you the information you need. According to Sharia Law, forex swaps are considered Haram and are thus prohibited. Muslim forex enthusiasts are unable to participate in currency trading when it involves holding positions overnight, and this, in turn, has created a demand for forex brokers that can address https://limefx.name/ this issue.
Lime Fx Spreads and Commissions
Overall, I believe Lime Fx is a good choice for advanced, high-volume traders, thanks to the advanced features available. This includes Direct Market Access to specific trading instruments, a VPS option, and EAs (Expert Advisors). Lime Fx shines in the area of fees, offering better-than-average spreads in every asset class. Via the Standard Account, all trading costs are reflected in the spread with the exception of CFDs on shares where commissions are charged.
Our assessment also considered unique features that set Lime Fx apart from competitors. To learn more, you can read comparisons of Lime Fx vs Plus500, FP Markes vs OANDA, Lime Fx vs Admirals and Lime Fx vs eToro. By comparing Lime Fx against these industry benchmarks, we aim to provide traders with a comprehensive and unbiased view of where Lime Fx stands in the competitive forex brokerage landscape. Yes, Lime Fx offers a free demo account, also known as paper trading, with no minimum deposit, allowing traders to practice trading in a risk-free environment.
They offer services to traders around the world and are overseen by several financial regulators in different countries adapting to different rules and requirements. These include ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA (St. Vincent and the Grenadines), FSA (Seychelles), FSC (Mauritius) and CMA (Kenya). Overall, Lime Fx makes it easy to withdraw funds, but traders should check the fees and limits involved to ensure a hassle-free experience when accessing their funds. For instance $10 USD for international bank wire transfers, $25 USD for international broker-to-broker transfers, Neteller charges 2%, Skrill 1%, FasaPay 0.5%, PayTrust 1.5%, and PayPal 2%. In summary, Lime Fx prioritizes efficiency and transparency in its deposit and withdrawal processes, aligning with its commitment to providing trader-friendly services. These policies contribute to Lime Fx receiving a top rating for its deposit and withdrawal procedures.