Our broker reviews are reader supported and we may receive payment when you click on a partner site. Headquartered in Sydney, Australia, Lime Fx (First Prudential Markets) was founded in 2005 as an online retail forex and CFD broker. The brand’s entities are regulated in Australia and Europe, with a total of 95 employees as of 2019. ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings.
Account funding at Lime Fx
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. 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.
- Additionally, we are pleased to see the broker offers an Islamic account for Muslim investors looking for swap-free trading.
- At the time of this review, Lime Fx neither provides bonuses nor grants special promotions.
- Lime Fx offers competitive no commission spreads, as low as 1.1 pips for the frequently traded EUR/USD forex pair.
- Lime Fx has a low minimum deposit and offers a range of fee-free deposit and withdrawal methods.
- Looking at the negatives, the copy trading app doesn’t compare to rivals like eToro.
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.
Dinesh is a great online support!
We are especially happy to find no fees for deposits or withdrawals, and with zero charges for inactive accounts, the broker is competitive in this department. Lime Fx places a strong emphasis on leveraging advanced technology to provide traders with a seamless and efficient trading experience. The broker’s infrastructure is designed to minimize latency, facilitating fast and precise trade executions even in volatile market conditions.
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. 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.
Lime Fx sets itself apart in the competitive broker landscape with its ECN-style pricing and extensive asset offerings. It’s recognised for providing a variety of trading platforms, including MT4 and MT5, and for its swift execution speeds. As shown in the table below, the availability of these platforms varies depending on your location and the regulatory jurisdiction you fall under. Additionally, each platform is available on different devices, ranging from mobile apps, to webtrader options, and desktop trading platforms.
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.
A quality FAQ section answers many questions, and most traders may require additional assistance only during emergencies. Here is a screenshot of a live Lime Fx MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. 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.
How To Make A Forex Trade
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.
Execution
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.
The Trustpilot Experience
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 limefx website than some other brokers. It does offer traders to complete the first step via a Google or Facebook account.
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.
ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, limefx broker reviews contact a local professional financial advisor. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. Customers registered under the global entity may be entitled to access to a $30 welcome bonus when signing up for an MT4 Standard profile.
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