By carefully comparing accounts, you can choose the best fit for your needs and preferences. Lime Fx is a reliable broker, regulated by both ASIC in Australia and MiFID in Europe. According to industry research from ForexBrokers.com, with a Trust Score of 87, Lime Fx is considered “Trusted”. Versus, comparison pages of alternative online brokers to Lime Fx are listed below.
Traders Toolbox
Therefore, we decided to shed light on Lime Fx today, discussing every facet of this broker’s offerings. Below, you will learn more about Lime Fx’ strengths and limefx forex brokers reviews weaknesses and explore the opportunities it presents for traders in the ever-dynamic financial markets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
Lime Fx ensures the safety of client funds by segregating them from its operating capital, meaning your money is kept separate and protected from any company liabilities. Lime Fx are regulated by tier 1 authorities including ASIC (286354) and CySEC (371/18). Demo accounts are available and are initially set to expire after 30 days of inactivity. However, they can remain active indefinitely as long as the account is regularly utilized. Lime Fx may require additional documentation or verification steps before processing a withdrawal. We transferred funds from the account back to https://limefx.vip/ our debit card, and it was completed in under 24 hours.
Spreads were much wider than what they advertise, and slippage was a constant issue. Withdrawals were delayed, and the lack of transparency made it hard to trust them. The Lime Fx trading glossary includes a comprehensive list of definitions that will help you understand even the most complex forex trading terms. However, many users feel that the web platform is a little outdated compared to MetaTrader and could use an upgrade.
Mobile Compatibility
It is regulated and authorized by ASIC and secures the funds of its clients by segregating customers’ funds in top-tier banks. 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. It features automatic data sync between Iress Trader and Iress ViewPoint and is compatible with the latest browser versions. It has module linking, an intuitive interface, improved browser alerts, and can manage multiple portfolios. Also, it highlights real-time price streaming and gives you access to genuine exchange pricing and market depth.
Lime Fx offers assistance through the many choices a trader can have when trading with this company. There are several account types and great options of platforms to choose from that are being offered by this broker. It is regulated, and we can definitely say that Lime Fx is not a scam.
Standard Account Fees
Plus, IRESS has enhanced trading tools and better compatibility with a wide range of internet browsers. Lime Fx is a trusted global CFD and Forex broker founded in 2005. 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.
This well-rounded performance underscores the broker’s commitment to meeting the diverse needs of beginners and experienced traders. The MetaTrader platforms are not very intuitive, so the MT4/MT5 tutorials are a great resource to draw from, especially for beginners. Lime Fx has a comprehensive educational offering with courses in text and video format, live webinars, and e-books. The volume of content is substantial and covers mostly basic material but does touch on some more advanced topics.
He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch. Additionally, Lime Fx’ educational resources and responsive customer support enhance the overall trading experience. However, it’s crucial to evaluate your trading goals, risk tolerance, and budget to determine if Lime Fx aligns with your specific needs. Conduct thorough research and consider trying their demo account before making a final decision.
Instruments
- Lime Fx is a trusted and reputable broker that has been operating since 2005.
- These unique features collectively empower traders to navigate the complexities of the financial markets with precision and confidence.
- For Iress accounts, a higher minimum deposit of 1000 AUD is required in Australia.
- Lime Fx has a 4.9/5 rating on Trustpilot – which is an exceptional rating for a forex broker.
In this account, you will be able to practice your trading skills and strategies 100% risk-free. MetaTrader 4 (MT4), MetaTrader 5 (MT5), and iressTrader (IRESS) platforms are available on mobile. Mobile trading enables traders to trade anywhere they are and anytime they want when connected to the internet. This is one of the significant products in the trading industry that traders seek not just for convenience but also to be ankle to track their trades without any hustle. This Mobile Trading App is available on all kinds of platforms Lime Fx is offering. This is free to download in Google Play for Android and in AppStore for iOS.
Is Lime Fx a legit Forex broker?
- These reports are a good source of ideas and help traders better understand market-moving news releases.
- Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst.
- Moreover, multilingual customer support is available 24/7 on the mobile trading app.
The MT4 app also provides standard order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop. In addition to spreads, Lime Fx charges commissions on share CFDs traded via MT5 on both Standard and Raw accounts. In our reviews, we examine the regulatory status of each entity operated by a broker. This allows us to compare the different levels of client protection. We rank regulators using a three-tier system, where Tier-1 licensing reflects the highest level of regulation.
There are powerful platforms absolutely packed with trading tools and even additional trading tools to compliment these. The educational materials make them a suitable brokerage for new traders and the minimum deposit to start trading is just $100. Download the Autochartist MT4/5 Plugin today to your trading platform to access this powerful technical analysis tool and take your trading to the next level. Use the powerful Autochartist technical analysis tools in order to easily understand the trading opportunities in real time.
Lime Fx lacks popular investing instruments like real shares, ETFs, mutual funds, or managed portfolios. They offer negative balance protection which ensures that clients cannot lose more than their account balance. However, this protection is not universally available and applies only to certain clients based on their jurisdiction. Together, the platforms available cover a variety of trading styles and levels of experience. Opening an account in the UK places traders under the jurisdiction of the FSA (St. Vincent and the Grenadines), allowing UK traders to take advantage of the maximum leverage available.
