The interest rates are dependent on the interest rate differentials between the two currencies of a forex pair and can result in either a gain or a cost, based on whether the position is long or short. A $6 commission per standard lot is quite fair since many other leading brokerages charge higher commissions. However, some competitors like Fusion Markets offer considerably lower roundturn commissions of $4.50. For Raw accounts, Lime Fx charges a commission of $3 per 1 standard lot, per side, and $6 in both directions (upon opening and closing a position). Lime Fx adds a nominal markup of around 1 pip to the average spreads on Standard accounts to cover its trading costs.
Withdrawal Times & Fees
- Founded in 2005 in Sydney, Lime Fx has grown from a local Australian broker to a global operation serving traders across 170+ countries.
- Along with other pending order forms, including sell stop limit and buy stop limit, the platform also features detachable charts and an integrated economic calendar.
- Lime Fx offers a variety of trading accounts with different fee structures.
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- For passive investors, integrations with Myfxbook AutoTrade and Signal Start are available.
Lime Fx offers traders a straightforward and efficient process for deposits and withdrawals, emphasizing transparency and convenience. These unique features collectively empower traders 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. First Prudential Markets (popularly known as Lime Fx) stands as a beacon of versatility, serving both novice and seasoned traders.
How can I open an account with Lime Fx?
- Whether you are a beginner or an experienced trader, Lime Fx provides access to industry-leading platforms that are equipped with advanced tools and features.
- With over 10,000 trading instruments available, traders can diversify their portfolios and capitalize on emerging market trends with ease.
- Live chat is the fastest option, typically providing instant responses, while email queries are usually addressed within 24 hours.
- Established in 2005, Lime Fx has become a prominent brokerage firm specializing in forex and CFD trading.
Typically FM Markets confirm and process the withdrawal request within 1-2 business days. As for the deposit options you may choose between the most common ones, also request a support team to advise what is the best option for you according to your residence. In summary, Lime Fx offers a straightforward account opening process. 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.
What are the spreads and commissions?
The WebTrader platforms provide a robust trading experience with access to all the features of the desktop versions. This broker offers 2 main account types, Standard and RAW, with floating spreads from 0.0 pips and a minimum deposit of $50. Our Lime Fx review research indicates that they offer free VPS as a promotion. To request the free VPS, you will need to deposit a minimum of $500 or trade over ten lots on a standard account or 20 lots on the raw account. FP offering is comprehensive with access to more than 10 thousands trading instruments to trade Forex and CFDs on equities, commodities, and cryptocurrencies.
Lime Fx provides the flexibility of choosing from seven base currencies for funding your account, including USD, AUD, NZD, CAD, GBP, EUR, and CHF. Upon registration, you have the option to select your preferred account base currency, which will be used for calculating commissions and managing your funds. The minimum deposit requirement for both Standard and Raw accounts with Lime Fx is 50 USD/EUR/GBP in Europe and 100 AUD or its equivalent for Australia and international clients. The CFD broker boasts a TrustPilot score of 4.9 out of 5 from 8,879 reviews, indicating high levels of client satisfaction and trust in the broker’s services. 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. Lime Fx enhances its trading environment with a suite of features and add-ons designed to support and enhance the trading strategies of its clients.
When we opened our account, a Client Account Manager contacted us, provided their direct contact information, and offered help whenever needed. Lime Fx has received numerous awards limefx review over several years, highlighting its strong position in the forex and CFD brokerage industry. Lime Fx clients from European Economic Area (EEA) countries are provided with investor protection of up to €20,000 through CySEC.
With a low minimum deposit of 100 AUD, it is easy for any trader to get an account and start trading. The biggest selling point of Iress is that it gives you quotes in real-time for over 10,000 tradable financial instruments. That is a number much higher than any of the brokers in the market can provide. Lime Fx adheres to stringent capital requirements to ensure that they can meet client payouts and ensure that risk management, financial reports, staff, and external audits, are all done. In addition to this, the funds from clients are kept in segregated accounts.
Withdrawal times vary depending on the chosen payment method, with e-wallet withdrawals typically processed within 24 hours, while bank transfers may take 3-5 business days to reflect in the trader’s account. FPMarkets strives to process all withdrawal requests promptly, ensuring timely access to funds for its clients. With over 18 years of experience, it gives traders access to more than 10,000 financial instruments across many markets.
The Traders Hub blog publishes daily reviews of the Forex, commodity, and cryptocurrency markets, analyzing key levels and macro data. limefx broker reviews The broker covers 100% of the payment system fees, so all deposit methods operate at a 0% fee — the client receives exactly the amount transferred. For passive investors, integrations with Myfxbook AutoTrade and Signal Start are available.