For traders using the Iress Trader or ViewPoint platform, a monthly platform fee of AU$ 55 applies, though it’s refunded upon completing three trades per month. Additional data fees, such as AU$ 11 for international market access, may apply, but these too are refundable with qualifying trading activity. Lime Fx has a low minimum deposit and offers a range of fee-free deposit and withdrawal methods. 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.
Lime Fx cTrader In Detail
- Whether you are a beginner or an experienced trader, Lime Fx provides access to industry-leading platforms that are equipped with advanced tools and features.
- Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience.
- However, all the links except for the economic calendar and forex trading calculator are redirected to the home page.
- Whatever you are looking to trade, the varying Lime Fx account types will be able to provide you with what you need.
- With a transparent fee structure, diverse account types, and comprehensive educational resources, it is well-suited for people of all levels.
An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Lime Fx shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader, TradingView, 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. Lime Fx is a global broker that started in Sydney, Australia in 2005.
The Lime Fx MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give Lime Fx traders detailed market tools. Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients. In the trading world, brokers like Lime Fx, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don’t require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.
Topics covered here range from trading strategies to money management and more. You will then be taken to the client area and dashboard, confirming that your registration is complete. Please note that in order to fund and withdraw from your trading accounts, you will still need to go through the verification process. Following that, you will be taken to the next page, and now you are 60% complete with the Lime Fx registration. Here you will need to choose your trading platform (MT4 MT5), your account type (which we will discuss later), your base currency, leverage, and password. Over 4,000 reviews from Lime Fx customers give it a 4.9 rating out of a possible 5 stars.
Futures Fees
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. Our in-house research confirms an excellent Lime Fx User Experience. At the time of this review, Lime Fx neither provides bonuses nor grants special promotions. Use the volume comparison below to evaluate which broker, Lime Fx or Pepperstone, handles more trading activity. Higher volume may indicate better liquidity and potentially tighter spreads during active trading hours.
Lime Fx offers a variety of trading platforms to suit different trading styles and preferences. Whether you are a beginner or an experienced trader, Lime Fx provides access to industry-leading platforms that are equipped with advanced tools and features. As a broker offering ECN pricing, Lime Fx streams its prices directly from its liquidity providers. The broker tries to satisfy the demand for deep liquidity and ensure the highest levels of price transparency, coupled with ultra-fast execution and minimal slippage. By connecting to multiple liquidity providers, brokers like Lime Fx can deliver ultra-low latency and minimal slippage.
Traders can choose between the popular platforms, backed by powerful tools and competitive conditions. Lime Fx offers competitive trading commissions and spreads on Raw accounts, but Standard accounts have relatively high spreads. There are no fees on deposits and withdrawals (apart from the fees on payment methods), which is a huge plus. After completing the entire account opening process, including uploading the relevant KYC documents, you must wait for the broker to approve your account. Once your trading account with Lime Fx is approved, you must fund it using one of the payment methods provided by the broker. When selecting a broker such as Lime Fx, one of the most critical factors to consider is the broker’s regulatory body and regulatory status.
- This diverse account offering ensures inclusivity and flexibility for traders of varying experience levels and preferences.
- It’s worth noting that Wikipedia content is highly moderated for accuracy, so having a page dedicated to Lime Fx speaks to its legitimacy and significance.
- Our self-test of the broker highlighted its strong points, including low trading costs, multiple platform options, and excellent customer support.
- Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account.
- In terms of trading experience level, these videos are not only for beginners, as there is an intermediate and advanced section here as well.
The mobile trading platforms have an intuitive interface that is easy to navigate. They bring all the functionalities of the desktop versions to the smaller screens of smartphones and tablets. Available for download on Google Play and the App Store, the mobile apps allow you to place orders and check your positions on the go, as long as you have internet access. All trading platforms at Lime Fx have mobile versions, allowing customers to access the full functionalities of the desktop software on their handheld devices.
This is because they have one of the most comprehensive lists of funding and withdrawal options that are available. There are two account types that you can choose when registering with Lime Fx, and they are, namely, a Standard and a Raw account. One thing to note is that these accounts also come as Islamic Swap Free Accounts. The podcasts section has a playlist of all Lime Fx audio files of these that you can access and listen to straight from the page.
Inactivity Fees
Overall, Lime Fx’ customer support is responsive, knowledgeable, and accessible, making it a reliable choice for traders who value quick and effective assistance. Similar to deposits, Lime Fx does not charge fees for most withdrawal methods. Withdrawals via bank transfers, credit/debit cards, and e-wallets like PayPal, Neteller, and Skrill are generally free. However, international bank withdrawals may incur a fee of approximately AUD $10 to AUD scammed by limefx $20, depending on the bank and the country.
So far, the company has achieved this dream, which is evident from the multiple awards it has earned. Moreover, many users find it reliable and secure when managing their trades. Lime Fx has a fast trade execution speed, reliable support service, quality support service, and more. Holding over 16 years of experience in global financial markets, and 4 B.A.
The company’s vision was to create a superior forex trading destination where traders could access a full suite of trading products in the global markets. It offers the ability to trade CFDs across forex, equities, indices, commodities, futures, and cryptocurrencies. This broker offers its clients the convenience of being able to trade all these assets from a single account.
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. Andrew has a well-established career in fintech and came up limefx reviews with comparebrokers.co to make trading on financial markets more transparent and accessible. Lime Fx is considered good and reputable to trade with Lime Fx. It is important to note that Lime Fx may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Lime Fx platform and features immediately. However, you must pass the verification process to start live trading with Lime Fx, which can take up to a few business days.
The broker’s user-friendly interface, educational resources, and demo account make it suitable for beginners. Simultaneously, its extensive range of instruments, low spreads, and advanced trading tools cater to professional traders. However, it’s important to note that Lime Fx does not currently accept traders from the United States. This diverse account offering ensures inclusivity and flexibility for traders of varying experience levels and preferences. To elevate the trading experience, Lime Fx provides its traders with the iressTrader Platform (IRESS). It is a new and improved active comprehensive trader platform with advanced functions.
Please be aware that trading in financial assets with Lime Fx carries a risk of loss. Lime Fx trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex, CFDs, Bonds due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time. As a trader, you should feel confident that your financial investments are in good hands with Lime Fx.
