In conclusion, Lime Fx distinguishes itself as a broker that combines versatility and transparency to meet the diverse needs of traders. 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. Lime Fx, founded in 2005, is a prominent forex and CFD broker known for its commitment to providing high-quality trading services.
Lime Fx offers a broad selection of over 10,000 products across multiple asset classes, making it a versatile choice for traders looking for extensive trading options. Lime Fx enhances its trading environment with a suite of features and add-ons designed to support and enhance the trading strategies of its clients. Lime Fx commission fees are competitive compared to other online brokers with similar ECN Account types. As shown in the table below, RAW Account holders pay $3 per side, per 100k traded, while most brokers charge $3.50.
- The economic calendar provides real-time updates on key events, helping me stay on top of market-moving developments.
- The forex offering caters to various trading strategies with over 70 currency pairs.
- Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
- Lime Fx does offer a demo account, but we are slightly disappointed that it is only available for 30 days.
Algo traders and scalpers are particularly well catered for with access to MT4, MT5, and cTrader, alongside VPS hosting. In our analysis, Lime Fx stands out as an extremely attractive choice for cost-conscious investors. It offers competitive spreads on its commission-based account, Raw ECN, averaging 0.1 pips for the EUR/USD, well below the industry average of 1.08. There is a flat rate fee of $6 per round-turn on a standard lot of forex with this option, however. The Standard account has a pricier average spread of 1.1 for the EUR/USD pair. Lime Fx is a trustworthy and reliable broker, best suited for pure Forex traders who seek a competitive commission-based trading environment from an upgraded MT4 trading platform.
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. 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.
Technology and Execution Speed
I am even happier with the inclusion of Autochartist and Trading Central, which can help identify potential trading opportunities based on patterns and key levels, adding a dynamic dimension to my forex strategies. Steven Hatzakis is the Global Director of Research for BrokerNotes.co and 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).
In fact, we got through to agents in less than one minute on several occasions. This is an advanced copy trading platform where you can mirror and automate forex strategies. The real benefit of this for us is that it integrates directly into your MetaTrader 4 platform, making it straightforward to use if you are familiar with MetaQuotes software.
The Trustpilot Experience
Australian clients remain limefx shielded from potential damages by the Scheme for Compensation for Detriment caused by Defective Administration (CDDA Scheme). Lime Fx equips traders with essential research tools and educational resources, ensuring a well-rounded trading education and informed decision-making through comprehensive market analysis and strategies. With its multilingual support team available 24/7, Lime Fx underscores its dedication to providing exceptional customer service, ensuring a seamless and supportive trading environment for all its clients.
Live Customer Support
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.
It delivers a competitive edge to traders at Lime Fx from a trading platform perspective. Lime Fx operates with a no dealing desk (NDD) model and works with various liquidity providers to offer competitive prices and deep liquidity across many instruments. This approach, along with direct market access (DMA) pricing, provides traders with tight spreads and quick execution times, leading to efficient and clear trading conditions. Lime Fx provides traders with a selection of account types, including Standard, Raw ECN, and Islamic accounts. Each account type is designed to suit different trading styles, offering competitive spreads, fast execution, and a choice of trading instruments. The Raw ECN account, in particular, provides direct access to liquidity providers, ensuring tight spreads and minimal slippage.
Lime Fx offers its clients the advantage of no deposit or withdrawal fees, coupled with a broad selection of payment methods including credit cards, debit cards, bank transfers, and e-wallets. The minimum deposit requirement for both Standard and Raw accounts with Lime Fx is 50 USD/EUR/GBP in Europe and 100 limefx reviews AUD or its equivalent for Australia and international clients. Lime Fx has a low minimum deposit and offers a range of fee-free deposit and withdrawal methods. Whether using iOS or Android devices, Lime Fx ensures that traders have the critical tools they need right at their fingertips, making mobile trading both efficient and accessible. 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. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing. Beginner traders have access to quality educational content, in-house research, services provided by Trading Central, copy trading, and retail account management. The availability of trading platforms for demo accounts may vary depending on your location, but all users have access to demo versions of MetaTrader 4 and MetaTrader 5.
From majors to exotics, we are impressed by the range, which is firmly on the upper end of the forex brokers we review. Lime Fx offers lower trading fees than the majority of forex brokers we evaluate. Lime Fx offers a choice of accounts which serve different trading styles. This includes a Standard account with commission-free pricing and a Raw account with ultra-tight spreads and low commissions. Overall though, Lime Fx scores highly in our estimations, especially for serious forex traders looking for competitive pricing and access to the MetaTrader platforms. BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs.
Yes, Lime Fx accepts retail forex traders from Canada, but do not accept clients from the United States (US). Lime Fx research tools are designed to provide traders with the insights and analysis necessary to make informed trading decision. For Iress accounts, a higher minimum deposit of 1000 AUD is required in Australia.
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