The asset selection for MT4/MT5 traders consists of more than 250 trading instruments, an adequate level of choice for most traders. Forex traders get 70+ currency pairs, and diversification opportunities exist via cryptocurrencies, commodities and metals, indices, equity CFDs (available through the MT5 trading platform), and bonds. The IRESS trading platform lists over 10,000 equity CFDs and a few futures contracts, but its availability remains geographically restricted.
- Whether you’re a beginner exploring the markets or an experienced trader looking for a range of instruments and advanced platforms, Lime Fx offers a comprehensive solution.
- While Lime Fx’ regulatory framework suggests a commitment to financial stability, complete risk elimination is impossible.
- Lime Fx boasts a multi-platform approach, catering to different trader preferences.
- You’ll need to provide basic personal information, upload some ID documents for verification (KYC compliance), and choose your preferred account type and trading platform.
- The equity trading charges depend on the country of the listed underlying asset, and the pricing environment remains average compared to other brokers.
- For those who prefer desktop trading, Lime Fx supports the MetaTrader 4, MetaTrader 5, and IRESS platforms.
Trading Instruments at Lime Fx
Lime Fx is a globally recognized online broker that has established itself as a reliable and competitive option for both novice and experienced traders. Regulated by top-tier authorities, the broker is known for its transparency, competitive trading conditions, and robust customer support. Our hands-on review of Lime Fx revealed an impressive blend of low trading costs, fast execution, and advanced trading tools, solidifying its reputation as a trusted choice among traders worldwide. Lime Fx stands out as a top-tier broker due to its blend of low-cost trading, diverse asset offerings, and strong regulatory oversight.
Account Currencies
This transparency inspires confidence and demonstrates Lime Fx’ commitment to regulatory compliance. You can open an account at Lime Fx if you are a Canadian citizen. No, Lime Fx does not accept clients from the United States due to regulatory restrictions. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.
A built-in copy trading function is equally available across MT4/MT5 and cTrader, which all support algorithmic trading. MT4 is the market leader for automated trading solutions, while many consider MT5 the failed successor amid a lack of backward compatibility. First Prudential Markets LTD remains authorized by the Cyprus Securities and Exchange Commission (CySEC), a leading Forex regulator. 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. Lime Fx positions itself as a global player, and with that comes the responsibility of adhering to various regulatory frameworks.
However, liquidity can vary depending on the specific currency pair and market conditions. Now, with such a vast selection, there’s always a concern about liquidity. During my testing, even the less popular instruments seemed to have decent liquidity, with tight spreads and smooth execution. No waiting around for orders to fill or getting stuck with massive spreads that eat into your profits. Lime Fx seems to have this instrument buffet well-stocked and well-maintained.
Offering of investments
Australian clients will deal with the subsidiary, regulated by the Australian Securities and Investments Commission (ASIC), First Prudential Markets PTY LTD. Blain Reinkensmeyer has 20 limefx scammers 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. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
Our assessment also considered unique features that set Lime Fx apart from competitors. To learn more, you can read comparisons of Lime Fx vs Plus500, FP Markes vs OANDA, Lime Fx vs Admirals and Lime Fx vs eToro. By comparing Lime Fx against these industry benchmarks, we aim to provide traders with a comprehensive and unbiased view of where Lime Fx stands in the competitive forex brokerage landscape. Lime Fx caters to the modern trader’s need for mobility and flexibility by offering mobile trading options across its platform range.
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Read our full explanation and accounting of our research and testing process to learn more about how we test. Yes, based on your detected country of BG, you can open an account with this broker.
You can initiate a withdrawal through your client portal, choosing your preferred method (bank transfer, e-wallets etc.). Make sure to verify your withdrawal method beforehand to avoid delays. Of course, having a ton of instruments is great, but it’s only half the story.
When trading Lime Fx commission-free spreads, MetaTrader 4 and MetaTrader 5 are available as trading platform options, and for those located outside Australia and the EU, cTrader is also an option. Lime Fx offers competitive no commission spreads, as low as 1.1 pips for the frequently traded EUR/USD forex limefx scammers pair. Trading fees have the most notable direct impact on any strategy, and Lime Fx offers two pricing models. The commission-free Standard account shows an average mark-up of 1.15 for the EUR/USD. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
The multilingual customer support is available in 34 languages, 24/7. Clients may reach out via e-mail, live chat, phone, or the call-back option. A quality FAQ section answers many questions, and most traders may require additional assistance only during emergencies.
Lime Fx operates under the protection of the Act of Grace mechanism under section 65 of the Public Governance Performance and Accountability Act 2013. Australian clients remain shielded from potential damages by the Scheme for Compensation for Detriment caused by Defective Administration (CDDA Scheme). The customer service team via email, told me i had to withdraw the funds myself. They closed my account without my consent and never returned my funds. Lime Fx stands out for the competitive pricing available to forex traders with its ECN account. However, that pricing is only available with the MetaTrader platform, and Lime Fx offers only 764 symbols on MetaTrader 5 (MT5).