The out-of-the-box MT4/MT5 versions remain substandard, but Lime Fx offers twelve plug-ins with its Trading Tools package, plus the Autochartist plug-in and Trading Central services. It delivers a competitive edge to traders at Lime Fx from a trading platform perspective. Lime Fx delivers a very competitive commission-based alternative with raw spreads of 0.0 pips for a commission of $6.00 per round lot.
The Trustpilot Experience
These policies contribute to Lime Fx receiving a top rating for its deposit and withdrawal procedures. Overall, Lime Fx’ customer support, with its responsiveness, accessibility, and supplementary resources, ensures a positive and well-rounded support experience for traders. Lime Fx requires a minimum deposit, providing accessibility for traders at different levels. First Prudential Markets (popularly known as Lime Fx) stands as a beacon of versatility, serving both novice and seasoned traders.
Withdrawing Money
It provides a demo account, offering a risk-free environment for practice. Managed accounts are available for those preferring professional management. The broker’s user-friendly interface, educational resources, and demo account make it suitable for beginners. Simultaneously, its extensive range of instruments, low spreads, and advanced trading tools cater to professional traders. However, it’s important to note that Lime Fx does not currently accept traders from the United States.
Lime Fx does not charge an inactivity fee, which benefits traders who may not trade frequently. Traders should be aware of currency conversion fees when trading assets in a different currency. While there’s no account inactivity fee, it’s essential to note that other fees might apply. Traders engaging in Contract for Difference (CFD) trading will find Lime Fx’ fees reasonable and competitive. Versus, comparison pages of alternative online brokers to Lime Fx are listed below. In our Execution Speeds testing, Lime Fx achieved market order speeds of 96ms, better than the industry’s 134ms average, although its limit order speed was slower at 225ms.
This is great for managing risk and aiming for those sweet entry or exit points you’ve identified on your charts. 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. Of course, having a ton of instruments is great, but it’s only half the story.
FxPro is a leading CFD broker regulated by multiple authorities globally, including FCA and CySEC. It offers 2,100+ tradable instruments covering forex, stocks, indices, commodities, and cryptos. All clients benefit from order execution in under 12 milliseconds, which is substantially faster than the industry average and helps give day traders and scalpers an edge.
Commissions and fees
Multi-channel support is a highlight, offering live chat, email, and phone support, enhancing accessibility and allowing traders to choose their preferred communication method. Additionally, Lime Fx maintains a comprehensive FAQ section and provides educational resources on its website, empowering traders with the tools to address common queries independently. This review of Lime Fx is grounded in CompareForexBrokers’ rigorous and transparent methodology, as detailed on Our Methodology page. We evaluated Lime Fx across multiple critical performance metrics, including trading costs, platform usability, customer service, limefx reviews regulatory compliance, and the breadth of market offerings.
One of the benefits of trading Forex is leverage, which means borrowing funds from the broker to manage more significant trading positions. It incurs financing costs, known as swap rates, and the longer a trade remains open, the higher the fees. Third-party withdrawal charges may apply, but there is no inactivity fee at Lime Fx. Lime Fx shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader or cTrader platform.
Demo accounts provide access to live market prices, enabling traders to gain real-time insights into market movements. Additionally, it offers the opportunity to experiment with automatic trading strategies using Expert Advisors, further enhancing the learning and testing experience. 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. Lime Fx offers one commission-free trading account, but trading costs are higher there than in its commission-based alternative. Active traders get rebates, lowering subscription fees or eliminating them.
How do I open an account with Lime Fx?
At the time of this review, Lime Fx neither provides bonuses nor grants special promotions. Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies. Read our full explanation and accounting of our research and testing process to learn more about how we test.
While designed for stocks, other selected CFD products are also available on the platform. The $4.00 per trade difference adds up over time and trading volume, allowing traders to save hundreds and even thousands in fees per month. Other global clients will deal with First Prudential Markets LLC, an unregulated entity.
However, competitive trading costs are available via the Raw+ and Elite Accounts. Where I feel Eightcap really shines is through access to the Crypto Crusher dashboard. This provides real-time, daily crypto trading ideas, market analysis, and research all from one dashboard.
However, liquidity can vary depending on the specific currency pair and market conditions. Now, even with ECN and all its glory, there’s this thing called slippage. 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.
- 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.
- 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.
- He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.
- As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
- Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
These unique features collectively empower traders limefx official site to navigate the complexities of the financial markets with precision and confidence. In summary, Lime Fx demonstrates its commitment to providing traders with the tools and insights they need for successful trading endeavors. The availability of trading platforms for demo accounts may vary depending on your location, but all users have access to demo versions of MetaTrader 4 and MetaTrader 5.
A regulated broker must adhere to strict rules, which, if broken, will result in fines or the loss of their license to operate. The FXTM Invest portal, the broker’s copy trading service, allows professionals to become strategy managers and earn extra income from followers. Managers can receive up to a 30% profit share on profitable trades from each investor following their strategy. In summary, Lime Fx offers a straightforward account opening process.