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.
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.
Forex Risk Disclaimer
- It continues to earn the trust of clients for over fifteen years and counting.
- 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).
- Financial stability is a cornerstone of trust for any forex broker.
- Here is a screenshot after launching the Lime Fx MT4 trading platform following installation, without modifications.
- Lime Fx is a multi-regulated broker and holder of ASIC, CySEC, FSA, FSCA, FSC licenses.
Processing times also depend on the chosen method, and Lime Fx notes one business day for internal processing times. Per AML guidelines, the name on the trading account and payment processor must be identical. Founded in 2005, Lime Fx is an experienced broker with a clean track record.
Windows users can download the desktop platform, while Mac users can access it through web-based solutions. These desktop apps provide advanced charting tools, user-friendly interfaces, and support for MetaTrader, algo-trading, and copy trading, making them suitable for traders of all levels and preferences. 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.
Is Lime Fx an ECN broker?
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.
Desktop Trading Apps
They are ideal for monitoring portfolios on the go, managing existing positions, and copy trading. Given the relatively small screen, mobile apps are best for portfolio management rather than complex trade analysis, but MT4, MT5, and cTrader offer advanced, technical, analytical suites. None support algorithmic trading, only available on the desktop versions of MT4/MT5 but included in the cTrader web-based platform. Mobile trading is widespread among millennial and GenZ traders, copy traders, and those from emerging and frontier Forex markets. Lime Fx offers four mobile apps, including its proprietary option.
Furthermore, the broker’s commitment to regulatory compliance adds an extra layer of security for clients, assuring them of a safe trading environment. Lime Fx delivers a very competitive commission-based alternative with raw spreads of 0.0 pips for a commission of $6.00 per round lot. Commodities, indices, and cryptocurrencies remain free of additional costs, which remain included in the markup. Equity CFDs and DMA traders face a fee between 0.06% and 0.30% with a minimum of $10 or a currency equivalent. The equity trading charges depend on the country of the listed underlying asset, and the pricing environment remains average compared to other brokers.
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.
Learn about trading, forex, and CFDs from some of the most trusted voices in the industry. Overall, Lime Fx offers a competitive fee structure, as well as transparency, and flexibility. Traders can benefit from cost-effective trading while knowing what to expect in terms of fees and charges. Lime Fx requires a minimum deposit, providing accessibility for traders at different levels. 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.
Our country guides dive deep into local financial markets and regulatory agencies to help you choose the best forex broker – wherever you may live. Since Forex trading consists of currency pairs using two currencies, a currency conversion fee is almost unavoidable. Traders limefx reviews can lower this cost by using the US Dollar as their account base currency, as 80%+ of daily Forex transactions include the US Dollar.
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 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.
It also operates under regulatory oversight from the Australian Securities & Investments Commission and the Cyprus Securities and Exchange Commission. Most international traders limefx website 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.