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Lime Fx forex broker review

Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. The majority of these payment methods do not charge any fees, especially for MT4 and MT5 accounts. However, IRESS accounts usually charge a small percentage of the fee for processing your deposit. It also makes sense due to the fact that IRESS accounts require a large amount of deposit compared to MT4 and MT5 accounts.

Trading Fees

Lime Fx forex broker review

It features a depth of market display, has six pending order types (including Buy Stop Limit and Sell Stop Limit), is an improved strategy tester for EAs, and has a built-in market of trading apps. It has Time & Sales (exchange data) and trading alerts with e-mail and pushes notifications on mobile devices. Fintana stands out as a reliable and globally accessible online broker, offering a diverse range of assets, including forex, crypto, and stocks, to cater to both short-term and long-term traders. Our Lime Fx review team found that this broker offers quite a few limefx forex broker options in terms of trading platforms, though it does differ by jurisdiction. All clients can trade using MetaTrader 4 and MetaTrader 5, including the WebTrader and mobile versions of these platforms. Certain international clients will also be able to access the Iress suite of trading platforms and tools, which include a downloadable app, a web-based platform, and a mobile one.

  • The amount is calculated based on various factors, such as order size, trading instrument, and other factors.
  • Croatian Forex traders must pay taxes on their trading revenues, and Croatia has a complex system.
  • Iress offers you the ability to manage multiple portfolios, access to real-time price streaming, genuine exchange pricing, market depth, and an intuitive interface.
  • Let’s dissect Lime Fx’ regulatory landscape to understand its strengths and potential limitations for traders.
  • You can also try the demo option to practice your trading strategies.
  • All other instruments on the Raw account have the commission built into the spread, which also applies to the Standard account.
  • Most of the material can be found on the Traders Hub Blog, run by Lime Fx.

Higher minimum deposit for certain account types

  • The company has well-developed technical indicators that you will find helpful in trading.
  • For peace of mind, Lime Fx is regulated by both ASIC and CySEC.
  • 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.
  • The commission-free Standard account shows an average mark-up of 1.15 for the EUR/USD.
  • Both accounts offer ECN pricing and high leverage, ensuring that Lime Fx provides a cost-effective and flexible trading environment for all types of traders.

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. The latest development of the in-house social trading service at Lime Fx introduced it to the resurgence in demand from retail traders for this sub-sector of trading. Investing in social trading represents an intelligent management decision and shows a fluid broker seeking to offer the best services to clients. Yes, Lime Fx is a safe forex broker by all industry standards. As shown in the table below, the availability of these platforms varies depending on your location and the regulatory jurisdiction you fall under.

Account Opening

They were always friendly and did their best to walk us through the solutions step-by-step. Overall, our team of experts concluded that Lime Fx offers truly outstanding customer service. While reviewing Lime Fx, our experts found that the broker offers excellent educational materials that are perfect for beginner traders. You can benefit from ebooks, video tutorials, and a wide range of easy-to-understand articles that cover everything from trader psychology to using VPS hosting.

Commodities

For this, we shall look at the index CFDs, stock CFDs, and forex fees. During our Lime Fx review, we looked at the terms and conditions of their bonuses. There are a few key details you should know about the welcome bonus which is announced directly from via online advertisement, email, or phone.

How does Fintana’s WebTrader compare to other platforms like MT4 and cTrader?

No waiting around for orders to fill or getting stuck with massive spreads that eat into your profits. Lime Fx seems to have this instrument buffet well-stocked and well-maintained. Sure, you pay a commission per trade, but with spreads that razor-thin, those commission fees limefx official site can become a distant memory, especially if you’re an active trader. During my testing, on higher volume trades, the tighter spreads in the Raw Account definitely outweighed the commission costs. You’ll need to provide basic personal information, upload some ID documents for verification (KYC compliance), and choose your preferred account type and trading platform.

Lime Fx forex broker review

We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Fintana is a global online broker that offers all types of traders access to global markets.