Lime Fx Trading Platform Reviews, FAQs, Pros and Cons

These desktop apps provide advanced charting tools, user-friendly interfaces, and support for MetaTrader, algo-trading, and copy trading, making them suitable for traders of all levels and preferences. Traders can access Lime Fx’ web-based trading platform from any web browser without the need for installation. This web platform offers flexibility and accessibility, making it a convenient choice for traders who prefer to trade from various devices and locations.

• In my experience, Lime Fx generally offers good market depth and liquidity.
• The MetaTrader platforms are not the most intuitive, so the MT4/MT5 tutorials are a great addition to the Lime Fx education section.
• Clients may reach out via e-mail, live chat, phone, or the call-back option.
• Lime Fx offers an extensive range of over 10,000 tradeable products across various asset classes including forex, cryptocurrencies, stocks, indices, ETFs, commodities, bonds, and metals.
• MT4 and MT5 supports over 30 languages while cTrader platform also offers similar multilingual support.
• Consider my findings below, and get a head start on your Forex journey.

Account Base Currencies

However, it’s important to note that Lime Fx does not currently accept traders from the United States. This diverse account offering ensures inclusivity and flexibility for traders of varying experience levels and preferences. Lime Fx is a forex and CFD broker that provides online trading services globally.

The MT4/MT5, cTrader, TradingView, Mottai, and Iress platforms cater to advanced traders using sophisticated order types and robust charting. Tools like VPS cater to traders using automated trading strategies and MAM/PAMM enables clients to act as money managers. Withdrawals are processed immediately, but the time it takes for funds to reach the trader’s account depends on the bank or payment provider. Processing is typically completed within one business day, but the actual transfer times vary by method. E-wallets are usually the fastest, while bank transfers may take one to five business days, and credit/debit card withdrawals typically require two to five business days.

• At Lime Fx, traders have access to an extensive array of trading instruments across various asset classes.
• They also provide Direct Market Access (DMA) share trading through the IRESS platform.
• The app is fairly simplistic and easy to navigate, although I think the look and feel have room for improvement.
• Lime Fx offers a comprehensive range of trading options and competitive pricing.
• However, some users do mention occasional problems with withdrawals, although this isn’t a common occurrence.
• It has advanced functionality like automated trading but is a bit dated in its look and feel.
• More than 10,000 stock CFDs are available to FP Market clients based in Australia.

You set your price, and your order only gets filled if the market reaches that specific level. 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. For those seeking a more web-based experience, cTrader provides a sleek and intuitive interface, perfect for scalping and day trading strategies. If you encounter an issue, you can initiate a complaint through their website or by contacting customer support.

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) for this review. 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. If you are looking for a broker with advanced tools and competitive trading conditions, Lime Fx could be a good fit. 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.

Opening an Account

These platforms are renowned for their user-friendly interfaces, advanced charting tools, and customizable features. Most particularly enjoy the competitive prices and the advanced trading tools, along with quality customer support. Experienced traders in particular mention the IRESS platform in addition to MetaTrader 4, and direct market access. However, some users do mention occasional problems with withdrawals, although this isn’t a common occurrence. FP Market forex limefx scammers broker, a leading provider in the industry, offers competitive trading conditions, reliable services, and access to an economic calendar.

Type of Trading Accounts on Lime Fx

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch. Lime Fx offers a wide range of trading instruments, including forex currency pairs, indices, commodities, cryptocurrencies, and equities CFDs.

What demo account does Lime Fx offer?

Lime Fx does not charge any inactive or account maintenance fees. There are also no fees for deposits and withdrawals, including via bank wire. Lime Fx operates across seven entities, each subject to different degrees of regulatory oversight. The broker offers safeguards like negative balance protection, segregated funds, and compensation funds through its CySEC-regulated EU entity.

What is the minimum deposit at Lime Fx?

However, this protection is not universally available and applies only to certain clients based on their jurisdiction. This comprehensive offering makes Lime Fx a versatile platform for both individual and wholesale traders. Lime Fx offers free educational videos, training guides, live webinars, podcasts, events, platform tutorials, eBooks, a trading glossary and newsletters. Together, the platforms available cover a variety of trading styles and limefx official site levels of experience. We had a positive trading experience with Lime Fx, with consistently swift execution on our trades.

Also, traders have the flexibility to work with both futures and spot market CFDs. It has advanced functionality like automated trading but is a bit dated in its look and feel. In light of this, I feel the platform is better suited to experienced traders than beginners. 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 5 with custom add-ons, along with the professional-grade Iress and Mottai platforms.

I assessed that the most reliable and practical medium for support was live chat. TradingView is recognized for its industry-leading charts and social features, while cTrader is an advanced platform offering automated trading within a well-designed interface. The broker maintains client funds in segregated accounts, protecting them from operational risks. While European clients under CySEC have the added benefit from the Investor Compensation Fund. In my experience, Lime Fx generally offers good market depth and liquidity. This means you can enter and exit trades efficiently without significant price gaps.

First Prudential Markets (popularly known as Lime Fx) stands as a beacon of versatility, serving both novice and seasoned traders. With a diverse array of instruments and account types, the Australia-based company caters to all, making it a valuable ally in the world of online trading. Forex and CFD traders will find a versatile, affordable MetaTrader and cTrader offering at Lime Fx, but without the research and educational content offered by industry leaders.