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. LimeFx also partnered with Blue Sky Forex for free webinars, limefx forex brokers reviews enhancing the overall approach to educating beginner traders. I recommend a demo account balance similar to the planned live account real money deposit. I also want to caution beginner traders against using a demo account as a full educational tool.
- Also, there is truly remarkable education section suitable for beginning traders and one of the best ranges our financial experts saw of webinars and seminars performed globally.
- This type of account is certainly for more advanced traders, and if you’re just getting started in the markets, could be a good thing to strive for in the future.
- LimeFx processes withdrawal requests on the same business day, but on some occasions, the providers of different payment methods may prolong the processing time of transferring money to your personal account.
Using the Micro account, a trader can place market orders with a minimum contract size starting from 0.01 lots, and a relatively lower deposit requirement. Unfortunately, you won’t find exotic ones with this broker and to be honest, most traders avoid trading exotics anyway due to low liquidity https://limefx.biz/ and high spreads. There are daily webinars where professionals are analyzing the financial markets and show trading ideas. On the other hand, you can ask support for personal support from educated employees. They will help you to understand the trading platforms and build a portfolio.
When we compare the published results we listed above with the results for our Standard Account testing for other brokers, the conclusion we make is that LimeFx perform poorly with their Standard account spreads. In the sample below, we can see that LimeFx isn’t the best choice for spread-only trading given most other brokers perform better. LimeFx doesn’t allow traders to connect their trading account to ZuluTrade.
The company has been in business for over 5 years and seems to have built up a reasonable reputation in that time. LimeFx is a real, legitimate online broker that has been operating since 2017. The company is headquartered in Saint Vincent and the Grenadines and is regulated by the Financial Services Authority (FSA) there. Education is another strong point of LimeFx since the broker concentrates and putting efforts on Africa and Asia regions so its allows you to improve Forex experience and results. Moreover, there is a possibility to copy trade or become a professional master to be copied through an advanced PAMM technology designed by LimeFx. PAMM program is indeed an amazing opportunity to invest at the beginning, or maybe for the long term without having to trade the markets yourself by simple follow of the Fund Manager from the ranking list.
Withdrawals requested via a bank transfer take anywhere from 2-10 days and there are no withdrawal fees. If you’re not sure about which account you should choose, just register for any account because you will be able to create any type of account provided by HotForex later on. HF Markets (LimeFx) Micro Account has the lowest required minimum deposit of $5. We also use different external services like Google Webfonts, Google Maps, and external Video providers.
Where HotForex located?
Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Three are aimed at beginner to intermediate traders, with a separate pro account designed for more experienced traders. Just note that some accounts are only available in certain countries. And like most no-dealing desk brokers, you can choose between a spread-only ‘Premium’ account and a commission-based ‘Zero Spread’ account.
- This is a popular choice particularly among cop traders and offers a great deal of research, analysis, charting, and trading capability all inside one app.
- However, depending on your local bank regulations, it may take them longer to clear the funds and make it available to you, but that’s outside HF Markets control.
- LimeFx (HF Markets) is also regulated with CMA in Kenya, this makes them a low-risk forex & CFD broker.
- LimeFx offers a reasonably in-depth educational platform suited for reasonably new traders.
- MT5 was released 5 years later, in 2010, and offers access to a wider range of trading assets.
Since there is no swap-fee, the broker may apply an additional charge for you to hold positions for longer than 7 days which we will discuss later in this section. The Zero Spread Account is offered by both LimeFx and all HF Markets entities with the exception of the UAE where this account is not available. Although the HF Markets Group and LimeFx as a broker under multiple entities offer trading around the world in most places, there are a few areas that they do not reach. Not only are they highly secure, but LimeFx as a broker, and the complete HF Markets group, are very well decorated in the industry, having won many awards over the years. This adds up to a total of 34 awards some of which include the best FX Broker in Asia for 2019 as well as the Best FX Broker in Latin America for 2019 too. It is also a good chance to earn as a signal provider since you can earn a 35% performance fee from each copier, and overall a good platform for both sides.
LimeFx Mobile App
To verify the availability of any features within your country of residence, please contact the broker directly. These tools/services are meant to improve your trading experience and help you to stay alert on economic matters. After creating your LimeFx trading account you can trade using any of the following platforms. Because the Zero Spread account is an ECN account, HF Markets /Hotforex does provide an ECN account. This account has a very low spread when compared to other accounts, it has a spread ranging around 0.0 pips. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.
Products on offer with LimeFx
LimeFx trading platform is designed in such a way that it is simple to understand and competitive. When compared with other trading platforms, it offers six different types of accounts along with Islamic account that is preferred by the traders in the MENA region. Each of the account types is designed for every possible trader with a trading strategy that allows them to strategically trade with any type of market. LimeFx’s micro account types are preferred by beginners because the minimum deposit is $5; when compared with other accounts, the minimum deposit for this account is very low. To conclude, LimeFx is a well-established and experienced online broker that provides a regulated and secure trading environment that can be suitable for every trader. Their services and investment products can be tailor-made to specific requirements like offering different types of accounts, tools, platforms, and instruments.
IG Review 2023 – The Good and the Bad
With the use of the HF app, all you need to do on the website are made available in a few clicks. The mobile app will enable you to comprehend the markets using fast trading tools and recent news updates, plus financial market analysis. The myHF area feature has been integrated into the HF app so that no users can have direct access to the app. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
Where is LimeFx located?
If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to LimeFx. This regulatory compliance is worldwide and includes regulation by CySEC, FCA, DFCA, FSCA, FSC, and the FSA for a truly global level of trust. We use dedicated people and clever technology to safeguard our platform.
Also, LimeFx FIX/API is ideal for the clients that want to use the FIX protocol. Various payment methods will process withdraw money I slightly different time. LimeFx accounting team confirms transactions quite quickly, within business days of course, yet the matter might take longer due to payment providers. First hand customer service – 24/5 live chat support, fast and effective chat support, email support, as well as phone contact helpline. This insurance covers risk through errors, omissions, negligence, fraud, and other financial risks which may lead to financial losses. You can turn a Micro account, Auto account, Zero-spread account, or Premium account into an Islamic account.