The broker supports trading on MetaTrader 4 and 5, cTrader, TradingView, as well as IRESS trading platform for a broader selection of assets, particularly equities. Lime Fx is ideal for active traders, offering tight spreads, fast execution, and multiple trading platforms with advanced features. With more than 10,000 assets and low fees, it meets the needs of different types of limefx courses scam traders, including those using high-frequency strategies and experienced traders looking for professional tools. This review of Lime Fx is grounded in CompareForexBrokers’ rigorous and transparent methodology, as detailed on Our Methodology page.
Why trade with Lime Fx broker?
As an Lime Fx Pro Account holder, you will waive certain protections. Among these, you will not be entitled to the protections afforded to retail clients under the Corporations Act 2001. The global and EU entities of Lime Fx offer cTrader and TradingView along with MT4/MT5. MT4 can be accessed via desktop, web, and Android/iOS mobile devices.
Account Types and Terms
The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users have gotten up to speed on a demo account, they can easily switch to a live version. Lime Fx’ trading platforms are designed to support efficient trading with competitive spreads, enabling traders to effectively capitalize on market opportunities. The combination of a robust trading infrastructure and comprehensive educational resources creates an enhanced trading experience that accommodates traders at various skill levels.
The real test is how easy it is to find what you’re looking for and analyze it before pulling the trigger. The good news is Lime Fx’ platform makes navigating this instrument ocean a breeze. Plus, they’ve got a decent selection of technical indicators and charting tools built right in, so you can do your due diligence before entering a trade. So, before you get all excited about pulling out your profits, double-check with your bank and Lime Fx to avoid any unwelcome surprises. Also, keep an eye out for inactivity fees if you take a long break from trading.
Trading Tools & Tech
Active traders get rebates, lowering subscription fees or eliminating them. 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. 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.
It’s basically the difference between the price you expect to get and the price your order actually gets filled at. Think of it as the gremlins of the market occasionally messing with your plans. While Lime Fx strives to minimize slippage, it’s a reality, especially with high volatility or less liquid instruments. During my testing, I did experience some minor slippage on a couple of occasions, but nothing that threw my entire strategy off course. Just a friendly reminder to always be aware of this risk and consider using stop-loss orders to manage any potential slippage surprises. Of course, having a ton of instruments is great, but it’s only half the story.
Reviews
- 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.
- Overall, Lime Fx is a transparent and trustworthy broker, one of the best out of Australia, and highly competitive globally.
- Therefore, Lime Fx is always kept on their toes and have their operations above board.
- The availability depends on the country of residence, and not all traders may have access to all payment processors.
- Experienced and high-volume traders can also benefit from the lowest costs via a Raw Spreads account type.
- Sure, you pay a commission per trade, but with spreads that razor-thin, those commission fees can become a distant memory, especially if you’re an active trader.
- If your funds are held separately, there’s no reason for the broker to withhold them.
Clients must rely solely on the reputation of Lime Fx, as no additional measures exist to ensure client protection, as available and implemented by other brokers. Lime Fx stands out for its comprehensive suite of educational resources, designed to enhance the trading knowledge and skills of its clients. Lime Fx offers diverse stock trading options, including outright stock trading via the IRESS platform and share CFDs on MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Lime Fx offers low minimum deposits and diverse, fee-free payment methods.
- Trade bond CFDs like US 10 YR T-Note Futures and UK Long Gilt Futures on MetaTrader 4 and 5.
- All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
- No waiting around for orders to fill or getting stuck with massive spreads that eat into your profits.
- Yes, Lime Fx provides a range of educational resources, including webinars, tutorials, and trading guides.
- This assessment offers a transparent evaluation of Lime Fx’ conditions, tools, support, regulatory standing, and overall suitability for traders.
- It can be used in 39 different languages, from Arabic to Vietnamese.
These include ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA (St. Vincent and the Grenadines), FSA (Seychelles), FSC (Mauritius) and CMA (Kenya). Overall, Lime Fx makes it easy to withdraw funds, but traders should check the fees and limits involved to ensure a hassle-free experience when accessing their funds. This type of account is ideal for traders who work with smaller volumes or are fine-tuning their strategies.
Trading Platforms
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. Lime Fx offers a large number of tradable instruments including over 70 currency pairs. During my research identifying the limefx forex broker best Forex brokers in Croatia, I uncovered that Croatia applies a capital gains tax of 12%, 24%, or 33%, dependent on the annual income. Otherwise, a 15% to 23% tax applies on monthly income up to €5,000 (€60,000 per year) and a 25% to 33% tax rate on income above that if the income is from self-employment or other income.
The safety level varies depending on the entity with which you open an account. Engaging with an unregulated offshore entity involves risks, whereas holding an account with a CySEC or ASIC-regulated entity is considered relatively safe. Lime Fx does not accept clients from the United States of America due to strict regulatory rules imposed by the Commodity Futures Trading Commission (CFTC ) and National Futures Association (NFA).