For international deposits, Lime Fx goes a step further by offering to cover internal bank fees. If a client submits a receipt showing an original deposit fee of no more than 50 USD, Lime Fx will reimburse the international bank fees charged by the client’s bank for deposits over 10,000 USD. The “TradingFinder” platform offers various services, some of which, like introductions, are free, while others, such as our specialized services, are provided for a fee or through a subscription. We generate income through various methods, which helps us convey facts transparently and not write biased content due to “broker sponsorships,” “commissions from financial companies,” and “advertisements.” Lime Fx provides multiple trading platforms, including MT4, MT5 and cTrader, each supporting a variety of languages to accommodate its global clientele.
More Forex Guides
- For Australian clients using the IRESS platform, they provide access to up to 10,000 traditional stock CFDs.
- This video series covers everything from the basics, like how to download and log in to the platform, to more advanced topics, like VPS installation and activating EAs (expert advisors) for automated trading.
- The broker’s user-friendly interface, educational resources, and demo account make it suitable for beginners.
- Material is mostly text-based and covers both fundamental and technical themes.
- Lime Fx lacks popular investing instruments like real shares, ETFs, mutual funds, or managed portfolios.
This tool automatically detects chart patterns and key price levels, helping traders anticipate potential market trends. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. I tested Lime Fx customer service with dozens of queries, ranging from platforms to fees and account-related issues.
As established, we need to take the broker’s commissions into consideration when trying to determine the costs of trading with an FP Market Raw account. Lime Fx research tools are designed to provide traders with the insights and analysis necessary to make informed trading decision. Lime Fx offers an extensive range of over 10,000 tradeable products across various asset classes including forex, cryptocurrencies, stocks, indices, ETFs, commodities, bonds, and metals. However, it’s important to remember that while Lime Fx does not charge for withdrawals, clients may face fees from intermediary banks for international transactions.
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. TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. Always verify your eligibility to open an account based on your country of residence. It’s important to note that bonuses and promotions are subject to change and may have specific terms and conditions. Lime Fx provides a decent combination of insightful fundamental and technical coverage from in-house analysts along with practical trading ideas from third-party Autochartist and Trading Central.
Depositing ease
Lime Fx’ clients can access free demo accounts via MT4, MT5, TradingView, and cTrader platforms. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money. The demo account features live quotes and simulates live market conditions in assets like forex and CFDs on commodities, indices, and stocks. Once users are up to speed on a demo, they can easily switch to a live account. Beginners can benefit from the broker’s insightful educational materials and reliable customer support. With its advanced platforms, fast order execution, and low trading costs, I rate Lime Fx as a great fit for day traders and scalpers.
RAW Account Spreads
Available leverage differs according to the asset class, with the most leverage available for CFDs on forex and the least for CFDs on crypto. The values listed below are for one full contract (100,000 units) of the base currency. In my evaluation, Lime Fx showed a positive level of transparency in its regulatory status, which is covered on the Regulation page. Lime Fx clients from European Economic Area (EEA) countries are https://limefx.biz/ provided with investor protection of up to €20,000 through CySEC. Demo accounts are available and are initially set to expire after 30 days of inactivity.
Pros, Cons and Key Trading Features
Live chat support was consistently reliable, and I could always reach an operator within a minute or two. My email inquiries were also responded to quickly, within one business day. A full-sized contract is 100,000 units of the base currency (the limefx scam first currency quoted in the pair). With a substantial global presence, Lime Fx is licensed and authorized by multiple regulators in various regions, including top-tier ASIC and CySEC. When we opened our account, a Client Account Manager contacted us, provided their direct contact information, and offered help whenever needed.
This focus on educational resources is particularly useful for those aiming to refine their trading strategies and knowledge. Lime Fx impresses with its user-friendly trading platforms, extensive range of tradable instruments, and competitive fee structure. Its commitment to trader education and unique features, such as comparative analysis and trend exploration tools, enhance its appeal. The broker’s customer support is responsive, while its deposit and withdrawal methods are flexible and secure. This review of Lime Fx is grounded in CompareForexBrokers’ rigorous and transparent methodology, as detailed on Our Methodology page. We evaluated Lime Fx across multiple critical performance metrics, including trading costs, platform usability, customer service, regulatory compliance, and the breadth of market offerings.
Still, MT4 is a highly versatile platform that outperforms many competitors. It offers advanced charting, a comprehensive range of order types, and popular features such as one-click trading, trading directly from charts, and customizable alerts. Lime Fx does not charge any fees for deposits, withdrawals, or account inactivity.
Our content production team (text, images, videos, software, Chrome extensions, audio, etc.) works independently. All research on various indicators, oscillators, smart robots, and artificial intelligence is conducted separately from our advertising department. By request, Lime Fx offers a swap-free account that adheres to the principles of Sharia law. The range of deposit methods and speed of processing is better than average for the industry.
BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. Lime Fx provides the flexibility of choosing from seven base currencies for funding your account, including USD, AUD, NZD, CAD, GBP, EUR, and CHF. Upon registration, you have the option to select your preferred account base currency, which will be used for calculating commissions and managing your funds. Founded in 1989 and headquartered in London, CMC Markets is one of the industry’s longest-established online brokers. The company is publicly listed on the London Stock Exchange with a market capitalization of approximately £700 million as of 2024.
- The company showcases its customer service awards and emphasizes delivering personalized and proactive support.
- With 26 time frames, 4 chart types, 76 indicators, and more than 10 drawing tools, charting via the cTrader desktop platform is robust.
- Lime Fx are regulated by tier 1 authorities including ASIC (286354) and CySEC (371/18).
— We actively track market trends and employ modern management and business approaches, ensuring ongoing growth and development for both the company and its employees. The success story at JustMarkets is written by a dynamic and innovative team of dedicated professionals. The diverse team from 10 different countries, and it’s what truly sets JustMarkets apart. As a rapidly growing team, JustMarkets is always on the lookout for like-minded individuals who resonate with our culture and values. To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page. By carefully comparing accounts, you can choose the best fit for your needs and preferences.
The platform also features powerful tools like screeners for both shares and forex pairs, heatmaps, cloud-based trading alerts, and news feeds with stories from Reuters and Dow Jones. Lime Fx offers a broad array of trading instruments including over 70 currency pairs (7 majors, 21 minors, and various exotics), more than 780 share CFDs, 46 ETFs, and 2 bonds. The platform also includes over 15 equity index CFDs, 8 additional index CFDs through Direct Market Access, and a variety of commodities comprising 17 metals, 5 energy products, and 7 soft commodities. Additionally, Lime Fx offers 12 major and minor cryptocurrency CFDs with availability depending on the region. For Australian clients using the IRESS platform, they provide access to up to 10,000 traditional stock CFDs. Lime Fx offers 24/7 customer support to both retail and professional clients globally through various channels, including phone / call back service, email, live chat, and social media.
Lime Fx excels in tradable instruments, with over 10,000 CFDs on forex, commodities, indices, shares, bonds, and cryptocurrencies. With 26 time frames, 4 chart types, 76 indicators, and more than 10 drawing tools, charting via the cTrader desktop platform is robust. Additionally, a news feed and economic calendar are built into the platform. As with the desktop and web platforms, the interface is not highly intuitive, but the MT4 app offers an above-average range of features. Lime Fx offers the MetaTrader 4 for desktops, which includes advanced functions such as automated trading.
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. 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.
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
For example, below you can see the rollover rates that were applied at 5 PM EST on February 3rd, 2025. I can see how what is written might be interpreted to mean Lime Fx Grenada entity might be using a different source of liquidity to their other entities. Hi Clement, If you have an account with Lime Fx Australia then I would expect you should be able to use the IRESS account.