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. Lime Fx is overseen by two top-tier financial authorities, being the Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) in Europe. Read our full explanation and accounting of our research and testing process to learn more about how we test.
Regulated by ASIC and CySEC, and offering international services under offshore regulation, it ensures a secure trading environment. However, traders outside Australia and Europe should be mindful of regulatory differences. It should not be assumed that limefx website the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
Table of Contents
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. 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.
Can You Make Money Trading Forex With Lime Fx?
Lime Fx has an overall trust score of 60 based on regulation, reputation, and reviews. Still, Lime Fx secured the 10th spot among 20 brokers, confirming it as a broker with effective execution speeds. Our ranking process includes detailed testing of execution speeds in different trading situations to guarantee the precision and dependability of our results. Saxo Markets offers a better spread on the AUD/USD pair at 0.9 pips, which is slightly tighter than Lime Fx’ 1.2 pips. However, Lime Fx holds its ground with tight spreads in other pairs, such as EUR/GBP and EUR/JPY. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
How To Open An Account
He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. Lime Fx has been building out its educational offering, now providing webinars, beginner and advanced videos, and podcasts, but there remains much room for improvement to compete with best-in-class brokers. Lime Fx maintains 21 withdrawal options, including bank wires, credit/debit cards, Neteller, Skrill, Fasapay, Paytrust88, Ngan Luong, and broker-to-broker transfers. They include bank wires, credit/debit cards, online payment processors, and cryptocurrencies. Clients may access all available options from their back office, where Lime Fx lists all payment processors transparently.
Lime Fx’ trading hours vary, with forex markets open 24 hours from Sunday evening until Friday evening with minor gaps for market maintenance. Lime Fx has been around since 2005 and is a global financial technology company dealing in forex and CFDs. Lime Fx does offer a demo account, but we are slightly disappointed that it is only available for 30 days.
This is fairly standard at online brokers, but we still only recommend using high leverage if you are an experienced trader and can manage risk effectively. We also enjoy the broker’s accessibility for international traders, with over 12 base currencies accepted, including USD, EUR, GBP, AUD, and HKD. This makes Lime Fx a great option for global traders looking to manage accounts in their native currency.
Lime Fx delivers one of the most comprehensive selections of trading platforms and tools in the industry, ensuring traders have everything they need for successful trading. Lime Fx could be suitable for beginners, but it is best for seasoned traders in our view. The broker offers educational resources, social trading and a demo account which are helpful for new traders, however the execution model and trading tools will serve serious investors in particular.
We also prefer unlimited demo accounts, and the paper trading solution at Lime Fx expires after 30 days. Their commitment to transparency and fair practices has contributed to a positive reputation within the trading community. They are also regulated by respected authorities, which adds a layer of security for traders. Lastly, the real-time news feeds and customizable alerts keep me well-informed about market developments when I trade with this broker.
- The brokerage is based in Sydney, Australia and also has an office in Limassol, Cyprus alongside employees in the UK, Asia and India, amongst other countries.
- FX Markets clients can access the ECN pricing model through the RAW account with a minimum deposit of USD 100.
- We are especially happy to find no fees for deposits or withdrawals, and with zero charges for inactive accounts, the broker is competitive in this department.
- For international deposits, Lime Fx goes a step further by offering to cover internal bank fees.
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. Since mobile apps cater more to portfolio management, up-to-date developments, and copy trading, they offer the necessary tools to achieve the above. They include economic calendars, streaming news, and watch lists but do not include the cutting-edge trading tools Lime Fx offers for its desktop trading platforms.
Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all limefx scam the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Adding more advanced video courses would only serve to improve Lime Fx’ educational experience. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. Looking at the negatives, the copy trading app doesn’t compare to rivals like eToro.
The equity trading charges depend on the country of the listed underlying asset, and the pricing environment remains average compared to other brokers. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. As well as the copy trading application, MT4, MT5 and cTrader are all compatible with iOS and Android devices. These applications allow forex traders to access their accounts, monitor the markets, execute trades, and manage positions from their smartphones or tablets. What stands out for us are the excellent trading conditions for active traders, from fast execution speeds to deep liquidity and low spreads.
A responsive and knowledgeable customer support team is a cornerstone of Lime Fx’ commitment to client satisfaction. Traders can access support through various channels, including live chat, email, and phone. Additionally, Lime Fx provides educational resources such as webinars and tutorials, empowering traders to enhance their skills and knowledge.
