Lime Fx Trading Platform Reviews, FAQs, Pros and Cons

However, that pricing is only available with the MetaTrader platform, and Lime Fx offers only 764 symbols on MetaTrader 5 (MT5). ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker.

Leverage

• Yes, Lime Fx accepts retail forex traders from Canada, but do not accept clients from the United States (US).
• No waiting around for orders to fill or getting stuck with massive spreads that eat into your profits.
• Overall, my experience with order execution on Lime Fx was positive.
• However, it’s important to remember that while Lime Fx does not charge for withdrawals, clients may face fees from intermediary banks for international transactions.
• You can also try the demo option to practice your trading strategies.
• 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.

While European clients under CySEC have the added benefit from the Investor Compensation Fund. Lime Fx offer a number of platforms including MetaTrader 4 and 5, TradingView, cTrader and WebTrader which are all known for their reliability and advanced trading features. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.

Providing a Secure Trading Environment

However, during my testing, I noticed that with limit orders, there’s always a chance your order might not get filled at all, especially in those crazy volatile markets. So, it’s a bit of a gamble – precision versus guaranteed execution. Of course, having a ton of instruments is great, but it’s only half the story.

• Lime Fx is a well-rounded broker that has slashed costs to a minimum but has not cut corners in areas like customer service and research materials, where it also stands out as above average.
• 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.
• It allows users to trade directly from any browser and operating system without any additional software.
• Lime Fx does not charge any inactive or account maintenance fees.
• Keep in mind though that the bulk of the 10,000+ instruments are CFDs on shares.
• It also provides access to tools like Autochartist, Trading Central, free VPS, social trading, etc.

Excellent customer support with 24/7 availability

Lime Fx offers low minimum deposits and diverse, fee-free payment methods. The minimum deposit requirement for both Standard and Raw accounts with Lime Fx is 50 USD/EUR/GBP in Europe and 100 AUD or its equivalent for Australia and international clients. 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 offers competitive no commission spreads, as low as 1.2 pips for the frequently traded EUR/USD forex pair. Lime Fx’ RAW account offers ultra competitive raw pricing,  especially for AUD/USD and EUR/GBP, with spreads at 0.20 and 0.30 pips respectively.

Type of Trading Accounts on Lime Fx

High regulation such as this means that the broker complies with strict rules and works transparently. I can see how what is written might be interpreted to mean Lime Fx Grenada entity might be using a different source limefx 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. As I understand it, it’s only the Lime Fx subsidiaries outside Australia that don’t offer IRESS, so in your case I don’t believe you should need to use the VPN. The MT4 platform has a limited selection of just four stocks, making MT5 or IRESS preferable if you are interested in share trading.

We have a range of comparison reviews, such as IC Markets vs Lime Fx, to help you make your decision. For peace of mind, Lime Fx is regulated by both ASIC and CySEC. However, it’s important to note that this broker does not accept US clients due to regulatory restrictions. Yes, Lime Fx accepts retail forex traders from Canada, but do not accept clients from the United States (US).

Where is Lime Fx based?

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. Lime Fx has an advanced platform lineup that caters to experienced traders. Clients of the Australian entity can use the popular MetaTrader 4 and MetaTrader limefx website 5 with custom add-ons, along with the professional-grade Iress and Mottai platforms.