Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Headquartered in Sydney, Australia, Lime Fx (First Prudential Markets) was founded in 2005 as an online retail forex and CFD broker.

Tighter spreads. Faster execution.

Traders should always trade with a regulated broker but ensure that the trading environment remains competitive. Australian clients will deal with the subsidiary, regulated by the Australian Securities and Investments Commission (ASIC) – a tier 1 regulator, First Prudential Markets PTY LTD. Lime Fx operates under the protection of the Act of Grace mechanism under section 65 of the Public Governance Performance and Accountability Act 2013. Australian clients remain shielded from potential damages by the Scheme for Compensation for Detriment caused by Defective Administration (CDDA Scheme). They have a trading course and many different video tutorials covering topics for beginners and advanced traders alike. They have sections for all levels of experience and they also have a number of eBooks on offer.

For example, for a non-leveraged CFD share you will be paying a 0.8% commission and 0.11% for the purchase of a new share. Lime Fx is well-respected and they are one of the most reliable brokers in the space today. They are limefx review completely transparent and they segregate the customer funds away in a different account to their operational funds. Yes, Lime Fx offers cryptocurrency CFDs, allowing traders to speculate on popular digital assets like Bitcoin, Ethereum, and Litecoin without owning them directly.

A forex broker experience you can trust

I rate the available materials as better than average for the industry, but the section would benefit from being updated and better organized. I tested Lime Fx customer service with dozens of queries, ranging from platforms to fees and account-related issues. Lime Fx offers the MetaTrader and cTrader platforms, which feature strategy backtesting and automated trading. Clients can also benefit from VPS hosting, which maximizes trade execution speed and protects against power and internet outages.

Lime Fx implements robust security measures to protect client funds and data. One of the key safeguards is the use of segregated client accounts, which ensures that client funds are kept separate from the broker’s operational capital. These funds are held with top-tier banks and cannot be accessed by the company for business expenses or in the case of insolvency.

By default, all ASIC-regulated brokers are market makers, but Lime Fx deploys a no dealing desk (NDD) execution model. MT4 has several options to enter orders and limefx fully supports automated trading via EAs. Lime Fx does not offer APIs to allow third-party solutions to connect. The user interface is the same as when MT4 launched in 2005, featuring a dated design, but plug-ins exist to change it.

• During registration, users select their account type, set their preferred leverage option, and choose between the MetaTrader 4 and MetaTrader 5 platforms, all while confirming compliance and trading experience.
• Forex trading can be profitable, and the same could be said for every type of investing.
• It provides a strong trading experience for both new and experienced traders.
• Plus500 has recently expanded into the United States to offer futures trading via its state-of-the-art WebTrader platform.

Lime Fx supports MT4, MT5, and c Trader across web, desktop, and mobile, catering to manual and algorithmic traders. Lime Fx offers a wide range of over 10,000 tradable instruments across seven asset classes, from the Forex market to ETFs and digital assets. This multi-platform approach empowers users with theflexibilityto choose trading tools that match their strategy, from manual to automated trading. We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly. Both Lime Fx and IC Markets do not offer the ability to buy actual delivered cryptocurrency, but they both provide the option to trade cryptocurrency derivatives.

• In Australia, the company is regulated by the Australian Securities and Investments Commission (ASIC) and operates under an Australian Financial Services Licence (AFSL).
• Hi Clement, If you have an account with Lime Fx Australia then I would expect you should be able to use the IRESS account.
• More than half the companies we reviewed charge inactivity fees, and AvaTrade is one of them.

Accompanying this industry-leading CFD offering is an impressive range of tradable assets. IG also offers spread betting, Investment Trusts, and Managed Portfolios. IG is a London-based broker operating as a trusted provider of trading services since 1974.

For traders using the Iress Trader or ViewPoint platform, a monthly platform fee of AU$ 55 applies, though it’s refunded upon completing three trades per month. Additional data fees, such as AU$ 11 for international market access, may apply, but these too are refundable with qualifying trading activity. For more cost-conscious and high-volume traders, the Raw (ECN) account offers spreads from 0.0 pips, paired with a $3 commission per lot per side.

It supports all order types, including complex orders used for custom strategies. It has transparent pricing and market depth with access to over 10,000 products. There are customized real-time trade and news alerts available directly on the platform or via email or text message. This enables you to stay up to date with the latest market news and pricing.

Beginning investors should educate themselves on the wealth of research and educational resources available through trading platforms and sites such as Investopedia. Saxo currently delivers its products and services to customers in over 50 countries. Saxo is also regulated in the European Union via the MiFID passporting system. Saxo stands out for its wide range of investable assets, including access to stocks, bonds, mutual funds, forex, cryptocurrencies, commodities, and options. Traders can express their forex trades using either spot contracts, options, swaps, CFDs, or forwards.