Forex Trading

LimeFx Broker Review 2023 ️ Is It Trsutworthy?

With this wide variety of options available, finding your perfect broker can take some time. Below, we introduce you to three regulated, trusted, and reliable alternatives, definitely worth taking a look at. Also, the MT4 and MT5 versions can be downloaded on Android and iOS devices from the app store.

These include Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and included for last years offering to trade Cryptocurrencies with Bitcoin, Ethereum, Litecoin, Ripple and more. Es, LimeFx Broker offers a demo account for traders who want to practice their skills before trading with real money. It is developed to suit the needs of a more experienced trader who wants to take their trading to the next level. The minimum deposit in ZAR is R1400 ($100) and the account allows you to trade all assets offered by LimeFx.

If you are interested in copy trading, then this is the account type for you. The minimum deposit here is still $0 for both follower and signal provider. It offers the best value in spreads from 0 pips and is an ideal account type for scalpers or those using EAs who are relying on the lowest cost of trading possible. Although it is named a Premium Account, this account type is actually the standard account type offered by LimeFx, and HF Markets. I like to note the awards for best trading conditions and client security, as they belong to the LimeFx core offering to traders, where LimeFx excels.

There is a fantastic selection when it comes to choosing an account for trading at LimeFx. The spread here starts from the bottom at 0 pips of course, and with a very competitive average spread overall at just 0.3 pips on EUR/USD, and remaining low on other assets. This regulatory compliance is worldwide and includes regulation by CySEC, FCA, DFCA, FSCA, FSC, and the FSA for a truly global level of trust. They are a well-respected broker and international entity of HF Markets.

With this regulation, LimeFx can offer non-dealing online forex exchange services to Kenyan investors. We found the course well-structured, including Forex theory and Forex trading basics, reading and interpreting charts, trading strategies, trading psychology, and technical analysis. LimeFx’s research and market analysis is divided into three main sections, each providing a specialised benefit for traders looking for market insight and trading opportunities. Our review found that LimeFx has a competent in-house research team that produces high-quality and useful market analysis materials. It has also partnered with several third-party analysis companies to further enhance its offering. Our documents were checked by the verifications department and were approved in around 48 hours, which is longer than other similar brokers.

  • The webinars do not require an account at LimeFx, but you will need to register.
  • Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.
  • All the features of the desktop platform are available on the WebTerminal, which can be launched from any computer and any browser.
  • Keyboard shortcuts Ctrl and B together can place orders in a blink without any verification.

Alternatively, you can open a zero spread account with a minimum deposit of $200, or a Premium Pro account with $500. It is a very user-friendly platform with good functionality in making deposits, withdrawals, and trading and it is ideal and popular among HF Copy account holders in particular. The minimum deposit you will have within the HF Markets Group depends on which account type you select and also which jurisdiction you are located within.

Yes, Hotforex, now called LimeFx, is legit in South Africa and it is regulated by the FCSA. Enter your personal information, such as your name, email address, phone number, and country of residence.

LimeFx Mobile App has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens limefx review of thousands of words of research. Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital.

Top-tier regulation is in place at the broker and is provided by CySEC, FCA, DFSA, FSCA, and the FSA. 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. LimeFx does not ask unnecessary questions, the process is hassle-free, and the back-office user friendly. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Forex Demo Accounts

I am a client of this broker who has tried to trade on every type of account that this company has.And I think that such experience will be useful to other traders. Therefore, I will describe it in my review.Most likely you know that broker has only 4 types of accounts. There are 3 main accounts and 1 auxiliary account (CENT).CENT account is useful for beginner traders. Those who do not have a sufficient deposit size, but want to get maximum opportunities.The other types of accounts are almost the same except for the size and type of spread.

Our verdict on LimeFx

The lessons can be as simple as explaining basic market terms, to advanced as learning how to build mathematical models to analyze and trade markets. LimeFx has also taken out civil liability insurance up to €5,000,000, to protect client funds against broker error, negligence, fraud, and other risks. If you have an insight on interest rates, or where the bond markets will move, you can trade contracts based on the Bund, Gilt, and U.S. The features found in the app are a bit more basic compared to the MT4 and MT5 app and much more basic than the MT4 and MT5 webtrader and desktop versions. If you are the type of person who likes charts for analysis, you will find MT4 comes with 3 chart types (line, bar and candlestick) along with 30 of the most popular technical indicators.

Best Forex Brokers

A total of three swaps are applied to all positions on Wednesdays as well. ???? SPs and Strategy Followers alike may benefit from this sort of account. SPs can set up an inventory of followers on this account type, which would then enable them to trade and earn a Performance Fee of up to 50%. Users may deposit monies and have their transactions immediately copied from this account. ➡️ LimeFx Investments Limited is regulated by the Capital Markets Authority (CMA) under license number 155.

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LimeFx withdrawal options including cards, bank transfer by far most used option and various ewallets. And the last point withdrawal fee, which is actually 0$ is amazing news that allows you not to worry about extra fees. So in order to deposit money on LimeFx you simply need to select the payment provider of your preference, as well as the one that is available in your region, and proceed with the payment. LimeFx will process your withdrawal within a short time and is available 24/5. Once you ready or decided to start Live Trading you can submit for a Live account where LimeFx may ask you for confirmation of your documents including identity, residency and other proof before you start. In both cases, you will get access to myHF client area where you can manage all your accounts and finances.

Our in-depth Hotforex broker review found that various payment methods are processed in slightly different timeframes on LimeFx forex. The LimeFx accounting team confirms transactions quite quickly during business hours. After your documents are verified proceed to choose your preferred trading platform (MT4, MT5, Webtrader etc) and download it. To leave your personal LimeFx review please visit the company’s profile page on on this site where you can also read broker reviews by other traders. But always remember that a forex broker review may not be objective enough before making any decisions. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors.

By trading conditions, the company means trading with leverage, easy withdrawals, the smallest minimum deposits, and the fastest order execution speed. No, LimeFx is a globally recognized, award-winning forex and commodities broker who is not a fake or scam. It is regulated by the applicable regulatory authority in the jurisdictions where LimeFx brokers offers services, including by the FSCA in South Africa. The three most attractive tools offered to traders are the
Premium Trader Tools, the Autochartist tool, and VPS Hosting.

To log in to your Hotforex (LimeFx) account, simply open the platform you want to trade on e.g WebTrader, MT4, MT5 etc. The good thing about HF Markets (LimeFx) is that they allow users to open multiple accounts with different conditions from their client area. If you have a little more experience under your belt, then the Premium account is a better option for you. With the Premium account, you can open larger positions and benefit from tighter spreads.

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