Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Recommended limefx forex broker broker Deposits and Withdrawals are very easy and fast.

Commissions and fees

The Aussie broker delivers low spreads, fast order execution, advanced platforms, and minimal fees – without skimping on customer support and research materials. I judged LimeFX as an above-average broker, providing a well-rounded service, as it excelled in almost every category of our review. LimeFX has a desktop, web, and mobile limefx official site trading platform for the ease of its users. The Metatrader 4, Metatrader 5, Iress Essential, Web Trader, cTrader and Mobile App are available on LimeFX.

Moreover, the educational material featured on its website is made up of informative lectures and resources for both new and expert traders to polish their skills and attain trading knowledge. Customer support by LimeFX is available in multiple languages with 24/5 live support. Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com.

EEA traders get an investor compensation fund limited to €20,000 per client. First Prudential Markets LTD remains authorized by the Cyprus Securities and Exchange Commission (CySEC), a leading tier 1 Forex regulator. The MetaTrader platforms are not the most intuitive, so the MT4/MT5 tutorials are a great addition to the LimeFX education section. This video series covers everything from the basics, like how to download the platform, to more advanced topics, like VPS Installation. The courses within the LimeFX academy cover key concepts and terminology like margin, swaps, and spreads. An introduction to charts and various technical indicators like MACD is also provided.

What is the minimum deposit for LimeFX?

Spread is the difference between the bid and the ask price of an asset – making it one of the costs of trading. Spread depends on the liquidity and the broker the trader chooses. LimeFX is one of the brokers with competitive and tight spreads. The spreads are susceptible to many factors including market conditions. The minimum spread on forex and commodities is 0.0 pips while on the GILT bond, it is 0.0 pips. LimeFX delivers a good variety of mobile apps for forex and CFD traders.

Likewise, for withdrawals, the range of methods, speed of processing, and absence of fees are better than the industry average. A Contract for Difference (CFD) is an agreement specifying that the buyer must pay the seller the difference between the current value of an asset and its value at the time the contract was initiated. Like futures and other derivative financial instruments, CFDs allow traders to speculate on price movements without owning the underlying asset. LimeFX excels in the area of tradable instruments, with over 10,000 CFDs on forex, commodities, indices, shares, bonds, and cryptocurrencies. Also, traders have the flexibility to work with both futures and spot market CFDs.

What more could a trader ask for?

LimeFX could improve by providing a user-friendly proprietary platform to cater to newbies and casual traders. Offering third-party account insurance for clients at offshore entities would also be a positive addition. I liked that the analysis covers a wide range of markets including cryptocurrencies. Traders Hub also features reports on technical themes, citing chart patterns and key support and resistance levels. LimeFX provides a good flow of market analysis via its Traders Hub section.

1. The Raw account features direct market pricing, with spreads starting from 0 pips, accompanied by a $3 commission fee per side.
2. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money.
3. The upgraded MT4/MT5 trading platforms, via the Trader Tools consisting of twelve plug-ins, present clients with a competitive edge.
4. The user interface is the same as when MT4 launched in 2005, featuring a dated design, but plug-ins exist to change it.
5. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.

Does LimeFX offer a demo account?

Founded in 2005 in Australia, LimeFX grew into a trusted brand over the past 15+ years with more than 100 employees. The upgraded MT4/MT5 trading platforms, via the Trader Tools consisting of twelve plug-ins, present clients with a competitive edge. We have conducted an in-depth review of this CFD broker to provide traders with a complete overview of the trading environment at LimeFX.

However, it’s important to remember that while LimeFX does not charge for withdrawals, clients may face fees from intermediary banks for international transactions. LimeFX has an overall trust score of 60 based on regulation, reputation, and reviews. Our broker reviews are reader supported and we may receive payment when you click on a partner site. Headquartered in Sydney, Australia, LimeFX (First Prudential Markets) was founded in 2005 as an online retail forex and CFD broker. The brand’s entities are regulated in Australia and Europe, with a total of 95 employees as of 2019. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.