Lime Fx offers two interesting types of accounts which differ from the traditional trader and retail investor accounts. Lime Fx has the usual range of CFD trading instruments such as Forex, cryptos, commodities, stocks and indices. Perhaps most interesting was the ability to purchase the physical stocks (i.e. the underlying instrument) but this feature is not available for UK and South African clients. Other good features we think are worth noting include being regulated in 6 different countries or regions.
Lime Fx accounting team confirms transactions quite quickly as we had on our trade test, yet the matter might take longer due to payment providers. Alike Wire transfer will take 2-10 working days, also depending on your bank and international policy processing, while ewallets will load the request Instant. As well always consider overnight or rollover fees as trading costs in case you holding an open position longer than a day.
HF Markets (Lime Fx) Micro Account has the lowest required minimum deposit of $5. Not every account or every country is offered the same bonus (or offered one at all), so it’s important to read the terms & conditions if you’re considering taking up a bonus offer. Next up, I was offered a top-up bonus, which is an incentive from Lime Fx to deposit funds into the account. The bonus works by giving me some extra capital when I deposit, and I’m then required to turn over enough volume before I can withdraw it.
MT5 has more shares since it is designed to enable trading via decentralised exchanges. The broker also offers negative balance protection, which protects you against going into debt in times of a losing trading position. As a strategy provider, you can trade your strategy and earn additional revenue by allowing people to copy your trades.
We’re thrilled that you found our trading conditions and support to your satisfaction.We’re also glad that our quick deposit and withdrawal processes made your trading smooth and hassle-free. Your recommendation means a lot to us, and we look forward to continuing to serve you.If you need anything, we’re here to help. We’re glad to hear that you satisfied with our dedicated customer support services.
HF Markets (Lime Fx) Leverage
Lime Fx offer their proprietary online trading app, which is available for both Android and iOS. Clients can access their accounts through the app and trade more than 1200 CFDs. 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. I always recommend that traders check them before evaluating the total trading costs. Another important point while choosing the broker and within our Lime Fx Review is customer service.
- To provide the appropriate support, we kindly ask for additional details.
- MetaTrader5 (MT5) like MT4 is another platform that is commonly available with Forex brokers and one we are very familiar with.
- The Lime Fx Trader’s Board has data on how Lime Fx clients trade and a lucrative partnership program is also available.
- Thank you for your kind words and for sharing your experience with HF Markets.
- Beginner traders get a well-thought-out introduction to trading and high-quality research, and advanced traders benefit from a trading environment supportive of manual, algorithmic, social, and copy trading.
About the Editorial Team
We do not present any investment advice or guarantees for the accuracy and reliability of the information. While placing an order you should manage your risks smartly while tools like Limit Order and Stop loss orders will assist you, since they are the most basic risk management toos. Stop loss will set a particular position to be automatically closed at the predetermined price, sot that you won’t lose more than you define. Also, Lime Fx provides good calculators and trading journal to keep track on your performance and is highly advised by us for use too.
Also, there is truly limefx scam remarkable education section suitable for beginning traders and one of the best ranges our financial experts saw of webinars and seminars performed globally. Lime Fx offers a wide range of tradable markets, including forex trading, stocks, indices, bonds, commodities, ETFs, energy products, and even crypto CFDs. The company offers both dealing desk and non-dealing desk trading, depending on the specific account type you choose to open.
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They are a statement of the ongoing efforts by Lime Fx to maintain a competitive edge for its clients. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based account. Education is another strong point of Lime Fx since the broker concentrates and puts efforts on Africa and Asia regions so its allows various traders to join in.
We’re glad to hear you’re impressed with our trade execution and satisfied with the services after a year of trading with us. Your satisfaction is our priority, and we look forward to supporting you in the future. These tools/services are meant to improve your trading experience and help you to stay alert on economic matters. Lime Fx demo accounts are easy to set up and come with live pricing, virtual account balances of up to $100,000 and unlimited usage. Overall, I can’t fault the Lime Fx education resources, but make sure to take your own trading success into your hands, and educate yourself. It’s also a good idea to master your strategy on a demo account before switching to a live account.
For example, the GBP/USD pair has a spread of 1.9 for Lime Fx, compared to the industry average of 1.68. The AUD/JPY pair sees a spread of 2.8 for Lime Fx, while the industry average is 2.31. We think Lime Fx’s (also called HF Markets and formerly Hot Forex) offering is typical of a broker using an electronic communication network (ECN) with no dealing desk execution model. Lime Fx caters to traders resident in most countries, except the USA, Canada, Sudan, Syria, North Korea, Iran, Iraq, Mauritius, Myanmar, Yemen, Afghanistan, and Vanuatu. Please note that EEA traders must trade with the less competitive Cyprus subsidiary as Lime Fx does not accept them via its international brokerages. The only application form typically takes less than 20 seconds to complete, asking for country of residence, e-mail, and the desired password, which grants access to the myHF back office.
Unique Features
Multi-lingual customer support is available 24/5, and Lime Fx transparently lists all contact methods on its website. Lime Fx describes its products and services well, and it has plenty of videos and a well-structured FAQ section. I recommend live chat should traders require assistance for non-urgent matters and phone support for emergencies. The How-To videos explain essential functions of the myHF back office and the MT4/MT5 trading platforms. Webinars, podcasts, and live events add a personalized touch and interactive educational experience.
Each has a differing minimum deposit amount, ranging from $5 to $100. Lime Fx Trading App limefx forex broker is the in-house app developed by Lime Fx allowing traders to trade from their smartphones. The main benefit of using this app is that logging into your trading account is easier since it can be done with your Lime Fx credentials. You also will not need to select the MT4 or MT5 server you wish to use and lastly funding your account can be done directly via the app. Interestingly, Lime Fx also offers 1800 physical shares but only for clients based in Europe, the UAE and other countries outside the UK and South Africa.