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. Lime Fx offers a range of value-added services, consisting of VPS hosting for automated trading solutions, the limefx website MT4 Myfxbook service for copy trading, and the MT4 MAM/PAMM module for retail account management.
Deposit and Withdrawals
The MT4 platform has a limited selection of just four stocks, making MT5 or IRESS preferable if you are interested in share trading. The CFD broker boasts a TrustPilot score of 4.9 out of 5 from 5,478 reviews, indicating high levels of client satisfaction and trust in the broker’s services. Lime Fx has an overall trust score of 60 based on regulation, reputation, and reviews. 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.
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 equips traders with essential research tools and educational resources, ensuring a well-rounded trading education and informed decision-making through comprehensive market analysis and strategies. They include bank wires, credit/debit cards, online payment processors, and cryptocurrencies. Clients may access all available options from their back office, where Lime Fx lists all payment processors transparently. The availability depends on the country of residence, and not all traders may have access to all payment processors.
Lime Fx does not offer APIs to allow third-party solutions to connect. First Prudential Markets LTD remains authorized by the Cyprus Securities and Exchange Commission (CySEC), a leading tier 1 Forex regulator. EEA traders get an investor compensation fund limited to €20,000 per client.
Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. Lime Fx is overseen by two top-tier financial authorities, being the Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) in Europe. Lime Fx deploys a hybrid market maker/ECN model with NDD order execution. Lime Fx remains regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
A Wealth of Trading Opportunities
FX Markets clients can access the ECN pricing model through the RAW account with a limefx minimum deposit of USD 100. 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 Fees
Yes, based on your detected country of BG, you can open an account with this broker. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Lime Fx may charge overnight funding fees, which vary depending on the position held.
Lime Fx Reviews
- New traders can benefit from educational resources, including webinars and videos.
- Not every broker publishes average spread data, and pricing structures vary.
- However, it’s important to note that Lime Fx does not currently accept traders from the United States.
- In summary, Lime Fx demonstrates its commitment to providing traders with the tools and insights they need for successful trading endeavors.
- Overall, Lime Fx’ customer support, with its responsiveness, accessibility, and supplementary resources, ensures a positive and well-rounded support experience for traders.
The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Forex traders also appreciate the ability to engage in social copy trading. At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers.
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Lime Fx delivers a good variety of mobile apps for forex and CFD traders.
Lime Fx is a trustworthy and reliable broker, best suited for pure Forex traders who seek a competitive commission-based trading environment from an upgraded MT4 trading platform. Lime Fx also earned Best in Class honors for Commissions and Fees in our 2024 Annual Awards. It’s worth noting that Lime Fx’ share CFD offering on Iress provides Direct Market Access (DMA) in terms of its pricing and execution process, including full depth of book available within the platform.
Lime Fx shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader or cTrader platform. The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option. Traders can access Lime Fx’ web-based trading platform from any web browser without the need for installation. This web platform offers flexibility and accessibility, making it a convenient choice for traders who prefer to trade from various devices and locations. It provides essential trading features and tools, ensuring a smooth trading experience.
First Prudential Markets (popularly known as Lime Fx) stands as a beacon of versatility, serving both novice and seasoned traders. 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. Lime Fx research tools are designed to provide traders with the insights and analysis necessary to make informed trading decision. Lime Fx offers low minimum deposits and diverse, fee-free payment methods. Lime Fx maintains 21 withdrawal options, including bank wires, credit/debit cards, Neteller, Skrill, Fasapay, Paytrust88, Ngan Luong, and broker-to-broker transfers.