E-wallets are usually the fastest, while bank transfers may take one to five business days, and credit/debit card withdrawals typically require two to five business days. This type of account is ideal for traders who work with smaller volumes or are fine-tuning their strategies. Overall, Lime Fx is a strong choice for traders of varying levels of experience. However, as with any financial decision, it’s essential to conduct thorough research and consider personal trading needs before opening an account with any broker. The broker offers competitive trading fees, enhancing cost-effectiveness for various asset classes.
Lime Fx sets itself apart in the competitive broker landscape with its ECN-style pricing and extensive asset offerings. It’s recognised for providing a variety of trading platforms, including MT4 and MT5, and for its swift execution speeds. 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 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. Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies.
I tested the spreads at Lime Fx during the London open and just after the New York open on 27 January 2025. At these times, the market is typically highly liquid with the tightest spreads. Lime Fx lacks popular investing instruments like real shares, ETFs, mutual funds, or managed portfolios. Lime Fx offers a steady flow of news and analysis via the Traders Hub section of the website.
I found the Trader Toolbox very useful, especially the technical analysis insights. 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. Scalpers, who are in and out of trading positions within seconds, benefit from Lime Fx’ fast order execution, averaging 29 milliseconds.
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Range of investments
- 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.
- Demo accounts are available and are initially set to expire after 30 days of inactivity.
- The main reason to use IRESS is to access Lime Fx full range of stocks and to use DMA trading.
- The broker’s client assets reached £561.1 million, reflecting its established position particularly in the UK and European trading landscapes.
CMC Markets reported serving 89,978 active clients as of its latest financial reporting, generating £290.5 million in net trading revenue for the 12 months ending March 31, 2024. The broker’s client assets reached £561.1 million, reflecting its established position particularly in the UK and European trading landscapes. Lime Fx enhances its trading environment with a suite of features and add-ons designed to support and enhance the trading strategies of its clients. When trading Lime Fx commission-free spreads, MetaTrader 4 and MetaTrader 5 are available as trading platform options, and for those located outside Australia and the EU, cTrader is also an option. In the hyper-competitive world of CFD brokerage, Lime Fx has emerged as a formidable player, carving out a niche for itself over two decades. The Australian broker has successfully positioned itself as a go-to platform for seasoned traders seeking premium trading conditions and resources.
Lime Fx Account Types and Their Benefits
- Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.
- However, as with any financial decision, it’s essential to conduct thorough research and consider personal trading needs before opening an account with any broker.
- 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.
- At these times, the market is typically highly liquid with the tightest spreads.
- 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.
The account opening process is fully digital and can be completed via the website in less than 10 minutes. 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. 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.
For example, if you hold a EUR/USD position for six days, you will only be charged $5 for the sixth day. Any subsequent days will also be subject to the fee if you continue to hold. In addition, Lime Fx has clarified that the admin costs are not tripled on Wednesdays or Fridays. Yes, Lime Fx accepts retail forex traders from Canada, but do not accept clients from the United States (US).
For cTrader users, the service is free if their monthly trading volume when it comes to forex or metals exceeds 20 lots (Standard). By using the same method, we can see that trading AUD/USD and GBP/USD involves average costs of $5 and $7, respectively, if you decide to create an Lime Fx Raw account. The main reason to use IRESS is to access Lime Fx full range of stocks and to use DMA trading. If you are looking to trade stocks outside Australia with Lime Fx then you are best to use the MT5 trading platform or consider TMGM who have IRESS outside Australia. Lime Fx stands out for its comprehensive suite of educational resources, designed to enhance the trading knowledge and skills of its clients.
Account types
Lime Fx offers the Iress platform suite for share trading, but MetaTrader, cTrader, and TradingView are its primary platform options for forex and CFD trading. With support for Autochartist plugin integration as well as platform add-ons from FX Blue as part of its Trader Toolbox offering, Lime Fx is a great choice for traders who want to use MetaTrader. Lime Fx’ excellent MetaTrader offering had it finishing Best in Class for MetaTrader in our 2025 Annual Awards. There are several accounts to choose from when signing up with Lime Fx. This option doesn’t have any commission charges and offers favorable trading conditions. The Raw account is a good option for more advanced traders, however this account does charge variable commission depending on trades.
Lime Fx Account Types
Lime Fx offers a variety of popular trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader. 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. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. CTrader supports automated trading and strategy backtesting through cBots—automated trading robots that execute strategies, similar to Expert Advisors (EAs) in MetaTrader. Overall, cTrader offers many of MetaTrader’s advanced features within a more modern, well-designed, and user-friendly interface.
We used the chat service multiple times and consistently received responses within 10 to 30 seconds. The support limefx 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. This comprehensive offering makes Lime Fx a versatile platform for both individual and wholesale traders. Lime Fx offers free educational videos, training guides, live webinars, podcasts, events, platform tutorials, eBooks, a trading glossary and newsletters.
In summary, Lime Fx offers a straightforward account opening process. Lime Fx does not charge an inactivity fee, which benefits traders who may not trade frequently. While there’s no account inactivity fee, it’s essential to note that other fees might apply. Yes, based on your detected country of UA, you can open an account with this broker.
Despite this, Lime Fx maintains transparency and boasts a 20-year track record. Lime Fx offers the MetaTrader and cTrader platforms, which feature strategy backtesting and automated trading. Clients can also benefit from VPS hosting, which maximizes trade execution speed and protects against power and internet outages. Headquartered in Sydney, Australia, the broker supports multiple platforms, including MetaTrader 4, MetaTrader 5, cTrader, TradingView, Iress, and Mottai. Clients have access to thousands of CFDs across forex, indices, commodities, shares, ETFs, bonds, and cryptocurrencies. Lime Fx is a global broker that started in Sydney, Australia in 2005.
Most particularly enjoy the competitive prices and the advanced trading tools, along with quality customer support. Experienced traders in particular mention the IRESS platform in addition to MetaTrader 4, and direct market access. However, some users do mention occasional problems with withdrawals, although this isn’t a common occurrence. Lime Fx is a well-rounded broker that has slashed costs to a minimum but has not cut corners in other areas.
If you go with https://limefx.club/ the first one, you will be able to trade with spreads from 1 pip. As all trading costs are built into the spread, Standard users do not need to pay additional commissions. However, this account type also features spreads that can go as low as 0.