Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Compare Forex Brokers was created to help Australian forex traders find the right broker to suit their trading requirements. Our forex broker comparison tables were constructed from information from providers’ websites or actual trading accounts. If you are looking for the best possible spreads, then Active Trader is the best choice. Spreads with Lime Fx’s active trader account are cheaper than they may appear when you compare with other brokers as Lime Fx off lower commission fees. The overall lowest spreads are offered by IC Markets in our head-to-head comparison.
Lime Fx can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types. When comparing the spreads to other brokers, FXTM at first glance appears to have only average spreads. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry. Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons.
Commissions and fees
Lime Fx provides four free API solutions for traders across the spectrum to develop automated trading solutions that communicate directly with the Lime Fx trading server. The fast order executions and deep liquidity further support demanding trading requirements. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. Since 1999, Lime Fx, has been a pioneer in developing online forex offerings for retail traders.
Deposit and Withdrawal
You can start your own business by trusting our broker with confidence. The minimum deposit is one of the lowest in the online broker’s industry. If you want to succeed in the broker business, create one of your accounts now without delay. Internal processing times for most payment processors are almost instant, but Lime Fx states up to 24 hours, except for bank wires, which can take up to five days.
Lime Fx is especially proud of their own Trading Station II (not to be confused with another platform TradeStation). It was built based on the feedback from Lime Fx traders and trading data accrued from over 10 years to meet the needs of their clients. The deposit currency for Lime Fx will be dependent on the base currency a trader has chosen to select for their Lime Fx live trading account.
Trading Station Mobile
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. Yes, Lime Fx is a regulated broker in the UK, Europe, Australia, and South Africa, adhering to strict standards. Their global reach and regulation provide a high level of safety and security for traders. If you are a high-volume investor, then the Active Trader account may be for you. This account limefx scam offers Lime Fx’s lowest spreads with the added benefit of discounted commission, dedicated support, and depth of market.
Instead, you can use any of our other deposit methods available on MyLime Fx. In order to be fair to all of our clients, deposits are processed in the order that they are received. In order to transfer funds between accounts, please log into MyLime Fx. Log into MyLime Fx with your live username and password and click “Deposit funds”. You can check the status of your deposit online by running an “Account Report” on MyLime Fx, or by logging into your account and viewing the Account Balance or Equity. Visa prepaid cards cannot be accepted for deposit (this includes prepaid cards with your name on it).
- The former is the base currency denomination of a trading account, and the latter are currencies available for deposits through payment processors.
- I rank trading costs among the most defining aspects when evaluating a Forex broker, as they directly impact profitability.
- If funds are received, Lime Fx will require the client to complete the NETELLER application within 10 business days.
- The deposit choices Lime Fx offers have been selected to provide the most convenient and reliable options to fund your account.
- Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).
The credit card issuer may take from five business days to one billing cycle (approximately thirty days) to post back to the credit or debit card used for funding. Lime Fx clients will have access to the client service portal through their live trading account credentials. Lime Fx offers a range of secure funding options including Credit/Debit Cards, Bank Wire transfers plus Skrill, and Neteller.
Lime Fx is a global forex provider trading with various Lime Fx entities in the UK, Europe, Australia and South Africa. We limefx broker reviews found that Lime Fx has a simple, helpful account type structure, a hybrid trading execution model and a good range of trading platforms. 72% of retail investor accounts lose money when trading CFDs with this provider.
Overall, The minimum deposit amount required to register an Lime Fx live trading account is $50 USD / R750 ZAR. Lime Fx is a UK-based broker that offers CFD trading on shares, stock indices, forex, commodities, and cryptos to a global market. Lime Fx has offices in a wide variety of global locations, including Berlin and Sydney with more than 130’000 customer accounts registered worldwide. The deposit conversion rate is displayed on deposit submission page.
Lime Fx also allows you to use many more methods for depositing deposits. Such as Skrill, Neteller, Union Pay, Visa, Master Card, and bank wire. For Lime Fx account users, deposits must be transacted in USD ($) and Europe (€). In this case, you have to convert your balance to this currency otherwise you will not be able to deposit with an Lime Fx broker.
Long-term or discretionary traders may also like this account as the simpler cost structure compared to a commission account can make trading easier. The Lime Fx Standard Account has a minimum requirement of $50 (depending on payment method) when making an account deposit. When trading, you will still need to meet initial margin requirements to open trading positions. Our review of Lime Fx found that the company offers a straightforward account structure, average spreads, a combination trading execution model, and a good selection of trading platforms.
Yes, after you login to your account in MyLime Fx and go to the Deposit section, you will see which local banks are offering the Offline Transfer option. If your bank offers it, you will have to follow the steps and at the end you will receive a voucher. You will have to go to your local bank branch with the voucher and complete the payment. Funds will typically be credited into your trading account within two days of receipt on business days. Funds will typically be credited into your trading account within one day of receipt on business days. No, Lime Fx will not accept funds from an incomplete NETELLER account.
