Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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. There is a reason why foreign exchange, or forex, is the largest financial market in the world; It allows trading on currency fluctuations. Go short or long on Forex CFDs, take advantage of the superior trading conditions offered by HF Markets and become an active forex trader in the global markets.

  • There is a large variety of research tools and educational material provided by LimeFx.
  • Still, trading costs at LimeFx are slightly above the industry average, and its LimeFx mobile app does now support trading.
  • They provide service to more than 180 countries across the globe and
    offer both STP and ECN trading platforms.
  • The broker also offers negative balance protection, which protects you against going into debt in times of a losing trading position.
  • Note that MT4 was designed for and is still mostly focused on Forex trading.

However, other types of accounts include different deposit requirements. The Premium account requires $100 at least, Auto and Zero-spread accounts require $200 at least, and the HF copy account requires $100 from a strategy follower and $500 from a strategy provider. In order to better understand the difference between LimeFx and competitors, let’s compare commission-free accounts side by side. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

The final part is choosing your trading platform, depositing funds into your account, and starting trading. Don’t forget to download and install mobile apps that are available for both Android and Apple devices. In addition, you will be asked some questions regarding your trading experience, which financial instruments you are familiar with, and for how long you have been trading.

LimeFx Trading Conditions

It’s situations like these, where you realise that you want to use a broker with well-trained customer support staff, who will pick up the phone as soon as you call. One high leverage, poorly thought-out trade could destroy your capital in an instant. Successful trading is primarily about managing risk and making small, intelligent trades over and over again.

  • LimeFx broker offers a percentage allocation management module (PAMM) account type, where multiple investors put their money into a pool that an account manager uses to invest in different markets.
  • Overall, I can’t fault the LimeFx education resources, but make sure to take your own trading success into your hands, and educate yourself.
  • 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.
  • Of the accounts LimeFx offer, we think their no-commission accounts are a better choice, that said, we think there are better brokers for low spreads.

All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience https://limefx.biz/ covering the forex industry. All that’s left to do is load our chosen trading platform, and make a deposit. Next up, I was offered a top-up bonus, which is an incentive from LimeFx to deposit funds into the account. Sure, there’s plenty of content on how to enter an order, or telling you what a currency pair is and how many trillions of dollars are traded each day.

LimeFx (HF Markets) Forex Broker Review

Which makes LimeFx a great destination for many different types of traders. Each trading account entails a different minimum deposit and different maximum leverage. LimeFx is an online trading brand with high prestige in the
finance world, with certifications and awards to substantiate their
reliability. They are a well-regulated STP broker with awards for its client
protection and limefx scam product offerings. 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). 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.

However, if you join this type of trading as a strategy follower, you need to deposit $100 at least and start copying the strategy provider’s trading tactics for a fee. There are additional safety measures the broker undertakes, such as negative balance protection, segregation of funds, and a trader’s insurance scheme. The research and education section is very well organized
and offers a combination of written analysis, videos, webcasts, and podcasts. The research covers technical as well we fundamental analysis, comes daily, and
features weekly insights as well as monthly, quarterly, and annual outlooks. It
is a very comprehensive offering and is led by the LimeFx Head Markets Analyst.

On the downside, physical stocks are taxed by certain governments. This way, traders at LimeFx are safe if the broker files for insolvency. If you’re from the UK, Europe or the UAE, LimeFx is a highly regulated broker with a respectable amount of tradable products.

INTRODUCING the LimeFx TRADING APP

The firm offers a total of 38 FX pairs, which is a decent amount of currencies, but less than some other major brokers. Brokers like Pepperstone, IC Markets and Eightcap have about currency pairs, while CMC Market and IG have over 100 pairs. All that said, LimeFx do have the most popular traded pairs which is all most traders will need. It does appear you get good value provided you use the right currency pair. LimeFx broker offers one of the largest varieties of tradable products in 7 different markets.

Additionally, the broker facilitates trading for its users by imposing a zero-fees policy on deposits and withdrawals and offering a wide range of tradable assets using several trading platforms. On the downside, there’s a $5/m inactivity fee after 6 months of inactivity, and this becomes worse and worse the longer the account remains inactive. The demo account can be used on MT4 or MT5 trading platforms, in a simulation of real trading scenarios.

Collaborate with a True Multi-Asset Broker

There are hours of webinars and recorded videos, as well as daily market analysis to keep you informed about current market movements. For urgent technical support or inquiries, calling the company’s phone line would be a much quicker option, but be aware that international calling may be costly. When testing out the live chat feature, I found it to be error-prone, and not particularly useful for getting helpful information quickly or efficiently. There’s nothing more annoying for a trader than when you see a killer trade setup, you try to enter your position, and suddenly a technical error occurs.

Note that MT4 was designed for and is still mostly focused on Forex trading. LimeFx offers a sufficient selection of trading platforms that can be used on various devices. MetaTrader 4 and MetaTrader 5 are compatible with your PC, Android, and Apple devices.

The communication was smooth and their customer support agents were able to answer trading-related inquiries in a professional and timely manner. LimeFx demo account enables you to practice your trading strategy or to get familiar with the trading interface. There are no commissions on any side of the trade, and the spread varies according to the market condition starting from 1 pip.

The demo platform will
have $100,000 virtual money when you open the account, where you can check your
trading strategies under close to actual market conditions. The broker does not have a minimum deposit requirement to open cent, zero, and premium accounts. Meanwhile, the pro account requires a minimum deposit of USD $100 or a similar amount in another currency.