Lime Fx Fees Explained Updated year

This segregation ensures that even if Lime Fx encounters financial difficulties, your deposited funds remain secure and readily available for withdrawal. Please note that swap rates triple on Wednesday to account for trades kept open over the weekend. Forex traders can avoid them by closing their positions before the cut-off time (at most brokers, this is 5pm in New York). One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. Traders should check them before evaluating the total trading costs.

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Overall, the research & education at Lime Fx are of high quality and add value to the core trading environment. 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. 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).

Does Lime Fx charge inactivity fees?

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. So, it’s a bit of a gamble – precision versus guaranteed execution. Some withdrawal methods used by your bank might have fees attached. So, before you get all excited about pulling out your profits, double-check with your bank and Lime Fx to avoid any unwelcome surprises.

Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Lime Fx stands out for the competitive pricing available to forex traders with its ECN account. However, that pricing is only available with the MetaTrader platform, and Lime Fx offers only 764 symbols on MetaTrader 5 (MT5). Lime Fx is a well-established online broker offering forex and CFD (Contract for Difference) trading services. Headquartered in Sydney, Australia, they’ve carved a niche in the online trading space. With a presence since 2005, they cater to a global audience interested in speculating on currency markets, commodities, indices, and even cryptocurrencies.

Lime Fx does not charge an inactivity fee, which benefits traders who may not trade frequently. Traders engaging in Contract for Difference (CFD) trading will find Lime Fx’ fees reasonable and competitive. According to five leading user-review and broker ranking sites, Lime Fx ranks exceptionally well. Traders should always exercise caution when reading user reviews, especially for overly positive or negative remarks.

Empowering Traders with Insights

The account opening process at Lime Fx follows well-established industry practices but requires some more data than many international competitors. While the Lime Fx Trading App only supports rudimentary charting tools, MT4, MT5, and cTrader come with a similarly advanced package as its more powerful desktop versions. Despite the availability, the screen size and absence of multi-screen support make complex analytics impossible to conduct. The user interface is the same as when MT4 launched in 2005, featuring a dated design, but plug-ins exist to change it. Trading with MT4 is simple and does not require a lot of time for new traders to learn.

Since inception, ForexBrokers.com has helped millions of traders compare and choose the best forex and CFD brokers. The Raw account features Forex commissions of $6.00 per standard round lot, while equity CFD traders pay a percentage-based commission with a minimum cost, depending on the exchange. Non-trading fees refer to costs unrelated to trading, like charges on deposits and withdrawals, account levies, or inactivity fees. Currency conversions can be considered as either part of trading or non-trading fees.

Lime Fx, operational since 2005, established itself as one of the most trusted and competitive choices. Lime Fx offers both its commission-free Standard and commission-based Raw accounts for a minimum deposit of $100. The Lime Fx fees in the Raw trading account are 66%+ lower, while the remainder of the trading conditions are equal.

Withdrawal fees are transparent, ensuring traders know what to expect. Lime Fx maintains 21 withdrawal options, including bank wires, credit/debit cards, Neteller, Skrill, Fasapay, Paytrust88, Ngan Luong, and broker-to-broker transfers. limefx official site Clients can access the trading tools from the back office of their trading account. Here is a screenshot of swap rates at Lime Fx for the EUR/USD from the MT4 trading platform. Illiquid instruments can lead to wider spreads and difficulty entering or exiting trades when you want.

1. Lime Fx does not charge an inactivity fee, which benefits traders who may not trade frequently.
2. The Lime Fx fees in the Raw trading account are 66%+ lower, while the remainder of the trading conditions are equal.
3. Lime Fx is an online Forex and CFD provider which was founded in Australia in 2005.
4. Multi-channel support is a highlight, offering live chat, email, and phone support, enhancing accessibility and allowing traders to choose their preferred communication method.
5. Lime Fx does not levy internal fees on deposits, but traders should check any potential third-party payment processing costs.

Forex Risk Disclaimer

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. The customer service team via email, told me i had to withdraw the funds myself. They closed my account without my consent and never returned my funds. By default, all ASIC-regulated brokers are market makers, but Lime Fx deploys a no dealing desk (NDD) execution model.

We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Lime Fx offers the Iress platform suite for share trading, but MetaTrader is the primary platform option for forex and CFD trading. With limefx broker reviews support for Autochartist plugin integration as well as platform add-ons from FX Blue as part of its Trader Toolbox offering, Lime Fx is a great choice for traders who want to use MetaTrader.

This means FP Markets must maintain a minimum level of capital reserves relative to its liabilities. Healthy capital reserves act as a buffer, further mitigating the risk of Lime Fx facing financial challenges that could impact your ability to withdraw funds. Withdrawal fees depend on the payment processor and are usually percentage-based, which Lime Fx transparently lists on its website. In summary, Lime Fx prioritizes efficiency and transparency in its deposit and withdrawal processes, aligning with its commitment to providing trader-friendly services.

Lime Fx maintains an ideal trading environment for algorithmic traders, scalpers, copy traders, and managed account services. Its commission-based Raw account provides access to deep liquidity pools, transparent pricing, low-latency order execution, and tight spreads. Lime Fx offers mobile trading apps for both Android and iOS devices, providing traders with convenient access to the markets while on the go. These apps feature a user-friendly interface and robust functionality, enabling traders to manage their accounts and execute trades seamlessly from their smartphones and tablets. Besides the build-in MT4 copy trading functionality, Lime Fx partnered with Myfxbook Autotrade, also available from within the MT4 trading platform.

They reveal which trading strategies a broker favors or discourages. Therefore, the cost structure remains one of the most defining aspects when evaluating a broker and assists traders in selecting the best option for their trading requirements. The broker’s fees for futures trading remain competitive, allowing traders to engage in this asset class efficiently. Beginner traders have access to quality educational content, in-house research, services provided by Trading Central, copy trading, and retail account management. Comparing trading costs is challenging, with many variables impacting the final fees. We evaluated the spreads of the EUR/USD, gold, the S&P 500, and WTI crude, four of the most traded assets, available at all brokers.