Scalpers can also keep costs to a minimum via the Raw Spreads account. XTB is one of the leading brokers in the industry and is great for new traders and more experienced people alike. What we particularly like about XTB is their designated and award-winning support for each client.

Lime Fx Account Opening Process

The TradingView platform has the rare combination of being powerful in its functionality and intuitive with a well-designed interface, making it suitable for both beginners and experienced traders. As with the desktop and web platforms, the interface is not highly intuitive, but the MT4 app offers an above-average range of features. Lime Fx does not charge any fees for deposits, withdrawals, or account inactivity. For this review, I performed my tests with a Standard MT4 Account, using the desktop platform and mobile app. The account was opened with the Australian entity of Lime Fx (First Prudential Markets PTY Ltd). Lime Fx stands out for its comprehensive suite of educational resources, designed to enhance the trading knowledge and skills of its clients.

Withdrawal fees are transparent, ensuring traders know what to expect. Lime Fx recognizes the diversity of its clientele and has crafted its account offerings to cater to the distinct needs of traders, from beginners to seasoned professionals. Lime Fx earns a top-notch rating in trust and safety due to its extensive regulation, comprehensive fraud prevention measures, and stringent client fund security protocols.

Average Monthly Branded Searches By Country

• Also, the financial accounts are audited by external audit firms to ensure constant compliance with regulations across the operations of the company.
• For example, if you think that the market value is going to fall, then choose to sell instead of buy.
• 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).
• You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.

Lime Fx provides a decent combination of insightful fundamental and technical coverage from in-house analysts along with practical trading ideas from third-party Autochartist and Trading Central. Available leverage differs according to the asset class, with the most leverage available for CFDs on forex and the least for CFDs on crypto. By request, Lime Fx offers a swap-free account that adheres to the principles of Sharia law. The range of deposit methods and speed of processing is better than average for the industry.

The trust score was pulled lower due to having multiple offshore entities. Third-party account insurance for all clients would be a welcome addition, especially for those holding accounts at the offshore entity. Lime Fx earned a perfect score in this category, providing an excellent flow of market analysis via its Traders Hub section.

Overall, cTrader offers many of MetaTrader’s advanced features within a more modern, well-designed, and user-friendly interface. Still, MT4 is a highly versatile platform that outperforms many competitors. It offers advanced charting, a comprehensive range of order types, and popular features such as one-click trading, trading directly from charts, and customizable alerts. Headquartered in Sydney, Australia, the broker supports multiple platforms, including MetaTrader 4, MetaTrader 5, cTrader, TradingView, Iress, and Mottai.

Nurturing Trader Knowledge

We discovered that Lime Fx offers excellent trading platforms, a wide range of CFD markets, and fast execution speeds. Like most reputable brokers, spreads or commissions are added to every trade (depending on the account type and trading instrument), meaning Lime Fx earns a small amount for every trade you make. Additionally, there are overnight fees (also known as swap rates) for open positions. The amount is calculated based on various factors, such as order size, trading instrument, and other factors. On a positive note, we have to mention Lime Fx is very transparent about these costs, and as a low-cost broker, the expenses are reasonable, considering the amount of support the broker provides. Reputation and credibility in trading vary in the products and services offered and executed by an online broker.

Standard Lot is 100,000 units of the base currency displayed as 1.0, Mini Lot is 10,000 units of the base currency displayed as 0.10 and Micro Lot is 1,000 units of the base currency displayed as 0.01. We transferred funds from the account back to our debit card, and it was completed in under 24 hours. However, most payment methods typically have a minimum withdrawal amount ranging between $5 USD and $50 USD. The withdrawal amount will need to be the same amount as your deposit and via the same withdrawal method. Once deposits have been withdrawn, you can use an alternative method to withdraw profits.

Yes, based on your detected country of UA, you can open an account with this broker. To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page. The values listed below are for one full contract (100,000 units) of the base currency. I can see how what is written might be interpreted to mean Lime Fx Grenada entity might be using a different source https://limefx.biz/ of liquidity to their other entities.

I found that the active TradingView community is very helpful for users to draw inspiration from thanks to features like the ideas stream. Brokers operate multiple entities to serve clients globally, yet regulatory protections vary by jurisdiction. Some regulators enforce strict financial standards, while others are more lenient. Traders should understand the protection offered by the entity where they intend to open an account. Lime Fx offers the MetaTrader and cTrader platforms, which feature strategy backtesting and automated trading.

Standard and Raw MT4/MT5 accounts cater to beginners and advanced traders with low trading costs, a wide range of base currencies, and demo accounts. Scalpers, who are in and out of trading positions within seconds, benefit from Lime Fx’ fast order execution, averaging 29 milliseconds. The depth-of-market (DOM) features within MetaTrader, and cTrader enables scalpers to see the volume of orders at each price level, providing insight into potential support and resistance levels.

Demo Account

However, traders outside Australia and Europe should be mindful of regulatory differences. This policy ensures that traders can manage their funds efficiently without worrying about additional costs. For international deposits, Lime Fx goes a step further by offering to cover internal bank fees. If a client submits a receipt showing an original deposit fee of no more than 50 USD, Lime Fx will reimburse the international bank fees charged by the client’s bank for deposits over 10,000 USD. Lime Fx offers its clients the advantage of trading CFDs across forex, equities, indices, commodities, futures, and cryptocurrencies from a single account. This broker promotes fast execution, convenience, and customer satisfaction.

• Traders Hub also features reports on technical themes, citing chart patterns and key support and resistance levels.
• Note, however, that the majority of CFDs on shares are available via the Iress platform.
• Overall, Lime Fx offers a competitive fee structure, as well as transparency, and flexibility.

Like futures and other derivative financial instruments, CFDs allow traders to speculate on price movements without owning the underlying asset. The offering is especially strong in the areas of fx pairs and commodities. Note, however, that the majority of CFDs on shares are available via the Iress platform. With 26 time frames, 4 chart types, 76 indicators, and more than 10 drawing tools, charting via the cTrader desktop platform is robust. Additionally, a news feed and economic calendar are built into the platform. The main reason to use IRESS is to access scammed by limefx Lime Fx full range of stocks and to use DMA trading.

An introduction to classic technical indicators like MACD and RSI is also provided. The MT4 app also provides standard order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop. The MetaTrader 4 Web Platform (WebTrader) is a stripped-down version of the desktop platform. It allows users to trade directly from any browser and operating system without any additional software.

Lime Fx provides a variety of account types tailored to different trading needs and experience levels. Lime Fx strives to provide valuable educational and research resources to its traders, although there is room for further enhancement and expansion in comparison to certain industry leaders. Overall, Lime Fx offers a competitive fee structure, as well as transparency, and flexibility.

Also, it highlights real-time price streaming and gives you access to genuine exchange pricing and market depth. Plus, IRESS has enhanced trading tools and better compatibility with a wide range of internet browsers. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. Lime Fx is another well-regarded MT4 forex broker that has a range of advanced trading tools and competitive pricing.