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Lime Fx Review 2024: Pros & Cons

Lime Fx broker

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Lime Fx broker

Lime Fx does not charge an inactivity fee, which benefits traders who may not trade frequently. Traders engaging in Contract for Difference (CFD) trading will find Lime Fx’ fees reasonable and competitive. According to five leading user-review and broker ranking sites, Lime Fx ranks exceptionally well. Traders should always exercise caution when reading user reviews, especially for overly positive or negative remarks.

If you encounter an issue, you can initiate a complaint through their website or by contacting customer support. While there’s no account inactivity fee, it’s essential to note that other fees might apply. 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.

Is Lime Fx a legit Forex broker?

Lime Fx broker

Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). 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). Lime Fx is a well-established online broker offering forex and CFD (Contract for Difference) trading services. Headquartered in Sydney, Australia, they’ve carved a niche in the online trading space. With a presence since 2005, they cater to a global audience interested in speculating on currency markets, commodities, indices, and even 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. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.

Our comprehensive Lime Fx fees review, together with the Lime Fx thorough broker review, provides a detailed breakdown of all trading and non-trading fees. It also shows the difference between commission-free trading accounts and commission-based alternatives. Lime Fx offers traders a very competitive choice in its Raw account, available from an Lime Fx minimum deposit of $100. Lime Fx impresses with its user-friendly trading platforms, extensive range of tradable instruments, and competitive fee structure.

  1. By default, all ASIC-regulated brokers are market makers, but Lime Fx deploys a no dealing desk (NDD) execution model.
  2. Non-trading fees refer to costs unrelated to trading, like charges on deposits and withdrawals, account levies, or inactivity fees.
  3. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
  4. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
  5. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
  6. Lime Fx positions itself as a global player, and with that comes the responsibility of adhering to various regulatory frameworks.

In conclusion, Lime Fx’ commitment to educating traders is commendable. By expanding content, improving organization, and diversifying formats, the broker can continue to empower traders with knowledge, setting itself on par with industry leaders. Lime Fx strives to provide limefx broker reviews valuable educational and research resources to its traders, although there is room for further enhancement and expansion in comparison to certain industry leaders.

Educational Resources

Our review focused on the MT4 trading platform, available to all clients at Lime Fx. The Iress trading platform, restricted by geographical location, focused on global equity trading, features numerous additional costs. They can total above $200 per month for low-frequency traders, but Lime Fx has a program in place for active traders to receive reimbursement for most costs. While non-equity trading costs remain very competitive, equity trading tends toward the industry average.

Tailored to All Traders

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. Australian clients will deal with the subsidiary, regulated by the Australian Securities and Investments Commission (ASIC), First Prudential Markets PTY LTD. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.

The application grants access to a clean back-office, from where traders can manage all their trading accounts and financial transactions. Account verification remains mandatory but a swift process at Lime Fx. Most traders will satisfy AML/KYC requirements by submitting a copy of their ID along with one proof of residency document. The Iress trading platform costs $60 monthly, but Lime Fx offers it free of charge when traders generate at least $150 in monthly trading commissions. Below is a detailed list of additional Lime Fx fees for the Iress trading platform, geared towards active equity traders. Lime Fx caters to desktop users by offering trading software compatible with both Windows and Mac operating systems.

Since inception, ForexBrokers.com has helped millions of traders compare and choose the best forex and CFD brokers. The Raw account features Forex commissions of $6.00 per standard round lot, while equity CFD traders pay a percentage-based commission with a minimum cost, depending on the exchange. Non-trading fees refer to costs unrelated to trading, like charges on deposits and withdrawals, account levies, or inactivity fees. Currency conversions can be considered as either part of trading or non-trading fees.

Lime Fx offers all traders the MT4/MT5 and cTrader trading platforms and select clients may qualify for the Iress trading platform, restricted by geographical location. MT4/MT5 and cTrader are available as desktop clients, a webtrader, and a mobile app. The out-of-the-box MT4/MT5 versions remain substandard, but Lime Fx offers twelve plug-ins with its Trading Tools package, plus the Autochartist plug-in and Trading Central services. It delivers a competitive edge to traders at Lime Fx from a trading platform perspective. The online account opening process remains straightforward, but Lime Fx collects more limefx scammers data than some other brokers. It does offer traders to complete the first step via a Google or Facebook account.

Overall, the research & education at Lime Fx are of high quality and add value to the core trading environment. Since mobile apps cater more to portfolio management, up-to-date developments, and copy trading, they offer the necessary tools to achieve the above. They include economic calendars, streaming news, and watch lists but do not include the cutting-edge trading tools Lime Fx offers for its desktop trading platforms. 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).

Lime Fx, operational since 2005, established itself as one of the most trusted and competitive choices. Lime Fx offers both its commission-free Standard and commission-based Raw accounts for a minimum deposit of $100. The Lime Fx fees in the Raw trading account are 66%+ lower, while the remainder of the trading conditions are equal.