Lime Fx Review in 2024 Spreads & Fees Compared
Lime Fx provides traders 71 currency pairs (e.g., EUR/USD) compared to Lime Fx Group’s 55 available pairs. In our analysis of 23 international regulators across 62 of the best forex brokers, Lime Fx Group is considered low-risk, with an overall Trust Score of 88 out of 99. Lime Fx is considered Trusted, with an overall Trust Score of 87 out of 99. 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.
FpMarket’s live chat support is very…
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. 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). ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
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. Lime Fx is an Australian multi-asset broker with more than $1 billion in daily trading volume, serving clients from 80+ countries. Founded in 2005 in Australia, Lime Fx grew into a trusted brand over the past 15+ years with more than 100 employees. The upgraded MT4/MT5 trading platforms, via the Trader Tools consisting of twelve plug-ins, present clients with a competitive edge.
Overnight Funding Fee
Outside of Australia and Europe, the online broker is regulated offshore in South Africa (FSCA), Seychelles (FSA), and Mauritius (FSC). In our Execution Speeds testing, Lime Fx achieved market order speeds of 96ms, better than the industry’s 134ms average, although its limit order speed was slower at 225ms. Our broker reviews are reader supported and we may receive payment when you click on a partner site. 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.
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 benefits of trading with an ECN broker includes lower spreads, minimal slippage, lightning-fast order execution speed and deep limefx broker reviews liquidity.
The back office limefx scam makes it easy to request a withdrawal, which takes a few seconds. There are no internal withdrawal costs at Lime Fx, but third-party charges may apply, dependent on the selected method. 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.
MetaTrader 4 & 5
Despite the availability, the screen size and absence of multi-screen support make complex analytics impossible to conduct. The user interface is the same as when MT4 launched in 2005, featuring a dated design, but plug-ins exist to change it. Trading with MT4 is simple and does not require a lot of time for new traders to learn. Here is a screenshot after launching the Lime Fx MT4 trading platform following installation, without modifications. Lime Fx also maintains the MAM/PAMM module, enabling retail account management. A built-in copy trading function is equally available across MT4/MT5 and cTrader, which all support algorithmic trading.
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. 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.
Still, Lime Fx secured the 10th spot among 20 brokers, confirming it as a broker with effective execution speeds. Our ranking process includes detailed testing of execution speeds in different trading situations to guarantee the precision and dependability of our results. 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.
- Trading fees have the most notable direct impact on any strategy, and Lime Fx offers two pricing models.
- At the time of this review, Lime Fx neither provides bonuses nor grants special promotions.
- In conclusion, Lime Fx’ commitment to educating traders is commendable.
- Lime Fx is considered Trusted, with an overall Trust Score of 87 out of 99.
- 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.
- The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe.
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.
While Eightcap offers a slightly lower spread for EUR/USD at 0.06 pips, Lime Fx offers a spread of 0.10 pips, on par with leading competitors like Pepperstone and Admiral Markets. This approach allows us to provide a transparent comparison of Lime Fx against its peers, highlighting its strong position in the forex industry, especially for the EUR/USD pair. The account opening process at Lime Fx follows well-established industry practices but requires some more data than many international competitors. While the Lime Fx Trading App only supports rudimentary charting tools, MT4, MT5, and cTrader come with a similarly advanced package as its more powerful desktop versions.
None support algorithmic trading, only available on the desktop versions of MT4/MT5 but included in the cTrader web-based platform. Lime Fx offers the Iress platform suite for share trading, but MetaTrader is the primary platform option 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 2024 Annual Awards.
Lime Fx provides traders with a wide selection of advanced trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Mottai, Iress, TradingView, and the Lime Fx trading app. Lime Fx caters to both 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. Areas we scored Lime Fx the highest were excellent customer service (9/10), great educational resources (8/10) and a wide variety of funding methods (8/10). Other costs traders must consider are swap rates on leveraged overnight positions.
What is the minimum deposit at Lime Fx?
In our analysis of 23 international regulators across 62 of the best forex brokers, Pepperstone is considered Highly Trusted, with an overall Trust Score of 95 out of 99. These unique features collectively empower traders to navigate the complexities of the financial markets with precision and confidence. In summary, Lime Fx demonstrates its commitment to providing traders with the tools and insights they need for successful trading endeavors. The broker’s fees for futures trading remain competitive, allowing traders to engage in this asset class efficiently. The broker offers competitive trading fees, enhancing cost-effectiveness for various asset classes.
Streaming news service is available as one of the twelve plug-ins for MT4, offering traders a valuable service embedded with the trading platform. New traders can benefit from educational resources, including webinars and videos. Lime Fx also offers an Academy for traders, providing trading courses, live webinars, podcasts, trading guides, and more. Overall, the research & education at Lime Fx are of high quality and add value to the core trading environment. Our review focused on the MT4 trading platform, available to all clients at Lime Fx.