The availability depends on the country of residence, and not all traders may have access to all payment processors. Clients can access the trading tools from the back office of their trading account. The $4.00 per trade difference adds up over time and trading volume, allowing traders to save hundreds and even thousands in fees per month. Lime Fx offers Islamic traders the option of opening an Islamic account. Supporting documentation proving Islamic status may be required from the client in some cases. The $6.00 commission for Forex traders per 1.0 standard lots remains among the best industry wide.
Versus, comparison pages of alternative online brokers to Lime Fx are listed below. Lime Fx also offers an Islamic account, which doesn’t involve any swaps or interest on overnight positions to stay in line with Islamic principles. Rather, you’ll be charged a fee on positions, which is deducted from your account balance. 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.
Is Lime Fx ECN?
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Lime Fx offers a range of cutting-edge trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and IRESS. This variety ensures that traders can choose a platform that aligns with their preferences and trading strategies. Whether you prefer the familiarity of MT4, the advanced features of MT5, or the institutional-grade IRESS platform, Lime Fx caters to diverse trading needs.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. From a customer support perspective, Lime Fx delivers across the board. Clients may reach out via e-mail, live chat, phone, or the call-back option.
- New traders should familiarize themselves with the top menu icons, which offer several advantages.
- As shown in the table below, RAW Account holders pay $3 per side, per 100k traded, while most brokers charge $3.50.
- Other costs traders must consider are swap rates on leveraged overnight positions.
While our evaluation points to an average performance of the Lime Fx mobile trading apps, they still provide a solid, functional mobile trading experience that can meet most traders’ needs effectively. Founded in 2005, Lime Fx is an experienced broker with a clean track record. Therefore, traders can rest assured that their deposits, segregated from corporate funds, are safe. The NDD execution model allows for conflict-free trade execution, and external financial audits exist, but Lime Fx does not provide details about the auditor. Overall, Lime Fx is a transparent and trustworthy broker, one of the best out of Australia, and highly competitive globally. 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.
Non-Trading Fees
According to industry research from ForexBrokers.com, with a Trust Score of 87, Lime Fx is considered “Trusted”. It maintains an elevated level of transparency and has established itself as a reliable broker. It continues to earn the trust of clients for over fifteen years and counting. According to five leading user-review and broker ranking sites, Lime Fx ranks exceptionally well.
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. The online account opening process remains straightforward, but Lime Fx collects more data than some other brokers. It does offer traders to complete the first step via a Google or Facebook account.
All in all, I think Lime Fx’ suite of forex tools is excellent for traders of all experience levels. It provides additional timeframes, a broader range of technical indicators, an economic calendar, and an enhanced interface. The choice of high-quality trading software is a key benefit of trading forex with Lime Fx. And importantly, I find the integration with all three platforms seamless. On the negative front, the copy trading app doesn’t rival the features of industry leaders based on our tests.
Brokers Similar to Lime Fx
Lime Fx caters to the modern trader’s need for mobility and flexibility by offering mobile trading options across its platform range. You can manage their accounts, monitor markets, and execute trades from anywhere, at any time. limefx reviews These apps are designed to provide a seamless trading experience on the go, featuring intuitive interfaces, full trading functionality, and access to real-time market data and analysis tools. The Standard account offers spread-only pricing starting from 1 pip on majors, which is around the industry average. However, the ECN account offers tighter spreads of 0.1 pips on the EUR/USD during our tests, with a $3 commission per lot which is lower than many forex brokers.
FpMarket’s live chat support is very…
We see Lime Fx’ payment methods as a strong point, with a wide selection of convenient solutions including bank cards, wire transfers, e-wallets, and cryptocurrencies like BTC, BCH, DASH and ETH. Lime Fx deploys a hybrid market maker/ECN model with NDD order execution. Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies. limefx scam First Prudential Markets LTD remains authorized by the Cyprus Securities and Exchange Commission (CySEC), a leading Forex regulator. 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.
What products does Lime Fx offer?
He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. By default, all ASIC-regulated brokers are market makers, but Lime Fx deploys a no dealing desk (NDD) execution model. 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.
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. Overall, forex and CFD traders will be satisfied by the MetaTrader experience provided by Lime Fx, though the scope of its research and educational offering are limited, when compared to the best brokers. Lime Fx is regulated by reputable financial authorities, including ASIC (Australian Securities and Investments Commission) and CySEC (Cyprus Securities and Exchange Commission). This regulatory oversight helps ensure adherence to industry standards and provides traders with peace of mind.