The brand’s https://limefx.club/ entities are regulated in Australia and Europe, with a total of 95 employees as of 2019. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Calculate the interest rate between the two currency pairs on your open positions.
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. The TradingView platform has the rare combination of being powerful in its functionality and intuitive with a well-designed interface, making it suitable for both beginners and experienced traders. 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.
- They have a Traders Hub which includes technical and fundamental analysis in the form of daily reports and news, research, education and video tutorials.
- Lime Fx supplies traders of all experience levels with award winning trading platforms and one of the most generous selections of trading tools that I have seen from any broker.
- Let’s take a look at both desktop and mobile trading platforms in this section of the review.
- The standard platform is so user-friendly that even beginners can set up a trading account without needing extensive guidance.
Test of the Lime Fx trading platforms
- 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.
- The Lime Fx VPS plan seamlessly connects traders to the Equinix NY4 grid, using cutting-edge technology and ensuring trade executions are done in milliseconds.
- Overall, Lime Fx’ customer support, with its responsiveness, accessibility, and supplementary resources, ensures a positive and well-rounded support experience for traders.
- While basic withdrawals are generally free, certain methods incur fees.
- Lime Fx offers four mobile apps, including its proprietary option.
There is a feature on the platforms of Lime Fx where you can select colors in order for you to read and analyze easier the movements of the markets. Two most important things you need to know before trading is charting and analysis. This is significant in getting successful trades due to the fact that charting enables you to read and understand how the market moves.
Other Products and Services at Lime Fx
Lime Fx excels in tradable instruments, with over 10,000 CFDs on forex, commodities, indices, shares, bonds, and cryptocurrencies. Brokers operate multiple entities to serve clients globally, yet regulatory protections vary by jurisdiction. Some regulators enforce strict financial standards, while others are more lenient.
While being the most feature-rich and popular trading platform, MetaTrader 4 does not have a slick interface and requires some time and effort to learn. Scalpers, who are in and out of trading positions within seconds, benefit from Lime Fx’ fast order execution, averaging 29 milliseconds. The depth-of-market (DOM) features within MetaTrader, and cTrader enables scalpers to see the volume of orders at each price level, providing insight into potential support and resistance levels. Scalpers can also keep costs to a minimum via the Raw Spreads account. MetaTrader, cTrader and TradingView provide one-click trading and trading from the chart – essential features for active traders who are in and out of the market throughout the day. Spreads in major forex pairs are also highly competitive, making it easier for traders to reach profitability.
Is Lime Fx a legit Forex broker?
The traders’ funds and other amounts are kept segregated from the company’s account. The tier-1 banks such as National Australia limefx forex brokers reviews Bank and the Commonwealth Bank of Australia are used to keep the trader’s money separate with daily fund reconciliation. The customer service representative is available anytime to help the users. The spread and commissions are lower than their competitors, which is what most of the users love about the broker. Another user on Quora shared his great customer service experience in his comment, explaining that the team responded to his queries quickly.
Lime Fx Trading App
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.
In addition to an above-average range of currency pairs, indices, commodities, and shares, I noted the availability of CFDs on bonds and ETFs, which are less commonly available. Forex traders have access to everything from major pairs like EUR/USD to exotic pairs like USD/ZMW (Zambian Kwacha). MetaTrader is also popular due to its automated trading features, allowing users to develop, test, and apply Expert Advisors (EAs).
The Raw Account, ideal for scalpers, offers spreads starting from 0.0 pips. Importantly, Lime Fx does not charge commissions on forex trades, enhancing affordability. Lime Fx, a well-established name in the world of online trading, offers a comprehensive suite of financial services. Known for its commitment to innovation and a client-centric approach, Lime Fx caters to a diverse range of traders, from beginners to seasoned professionals. In the table below, we summarise the broker’s key features and offerings, providing a clear and concise overview of what you can expect when trading with it. BlackBull Markets is an online trading brokerage firm that has its headquarters in Auckland, New Zealand.
The non-trading fees are the fees incurred without taking into consideration the number and type of trade the traders take. Exchange-traded funds (ETFs) are a type of security that investors can buy or sell on the stock exchange through a brokerage company. ETFs are passive investment instruments that trade in financial assets at their current market price. Investors in ETFs do not need to physically purchase the investment instrument. Lime Fx allow its traders to trade both share CFDs as well as indices. It has 10,000+ Australian and international share CFDs to trade in famous markets like London, Hongkong, and Paris.
Each account type has unique features and benefits, ensuring traders can choose an account type that suits their trading goals and preferences. XTB is one of the leading brokers in the industry and is great for new traders and more experienced people alike. What we particularly like about XTB is their designated and award-winning support for each client. Also, the broker can score with very competitive spread fees and is one of the best choices if the security of your funds is a major concern for you.
Account Types:
The Lime Fx Traders Hub provided daily research and trading ideas, presented in a quality format. 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.
Work out the value per pip in your base currency to accurately monitor your risk per trade. Traders can access the economic calendar and breaking news that may impact market prices from within the platform. Risk management is made easy thanks to the Trader Tools Alarm Manager.
You’ll be prompted to provide your personal details, including your full name, email address, phone number, and residential address. Ensure that the information you provide is accurate and matches your official identification documents. Also, create a username and a strong password for an additional layer of security. Lime Fx also allows a wide range of withdrawal methods that include credit cards, debit cards, bank transfers, Neteller, Skrill, Dragonpay, etc. The method chosen by the client can affect the time taken for the withdrawal process. Any withdrawal made through credit cards, debit cards or domestic bank wire will take only 1 business day while international bank wire can take up to 5 business days to process payments.
Most particularly enjoy the competitive prices and the advanced trading tools, along with quality customer support. Experienced traders in particular mention the IRESS platform in addition to MetaTrader 4, and direct market access. However, some users do mention occasional problems with withdrawals, although this isn’t a common occurrence. 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.
