The broker allows traders to deposit and withdraw funds with variousmethods. The minimum deposit amount is only $50, which is very low compared tocompetitors in the industry, and there is no limit for minimum withdrawalamounts. MetaTrader5 (MT5) like MT4 is another platform that is commonly available with Forex brokers and one we are very familiar with. Given limefx forex brokers reviews that MT5 is an updated version of MetaTrader4, with more advanced features and is still receiving new development and support from Metaquotes, we tend to recommend this platform to most traders. MetaTrader4 (MT4) is the industry-standard workhorse software of the retail forex industry and is offered by many brokers so is one we are very familiar with.
Tools & Schulungen
We think LimeFx’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. Our mission is to provide the best customer service to our clients by maintaining a superb client-centric culture. HF Markets aims to lead the way through the use of cutting-edge technology, innovative system solutions and unrivalled customer service.
About this app
The AUD/JPY pair sees a spread of 2.8 for LimeFx, while the industry average is 2.31. Please check your email for the login Account ID.For any further clarification please do not hesitate to contact us.
Compare HF Markets Competitors
Overall, I can’t fault the LimeFx 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. LimeFx offers a reasonably in-depth educational platform suited for reasonably new traders. As a strategy provider, you can trade your strategy and earn additional revenue by allowing people to copy your trades. As a follower, you can deposit funds and elect to automatically copy the trades of a strategy provider. A HFCopy account is a copy trading account, which allows you to sign up as either a strategy provider or a follower.
LimeFx (HF Markets) Review: Fees, Safety, Platforms
Features MT5 offers over MT4 include the ability to trade stocks, more order types (6 vs 4), additional technical indicators (38 vs 30) and analytic tools (44 vs 23). You will also find 21 timeframes vs 9, a Depth of market indicator and even 64-bit (vs 32-bit)processing which makes MT5 a superior option for backtesting. The team at CompareForexBrokers have long liked the ultra-intuitive, feature-rich experience that allows you to quickly analyse markets and enter and exit trades with a few mouse clicks. With this in mind, it’s not hard to see why MT4 is popular, finding trading opportunities and executing your trades is just really straightforward when using this platform.
The world’s most popular instruments at your fingertips
Index trading involves speculation on the movement of asection of a market, instead of individual stocks. Depending on the marketmovement, there will be potential for profits. This account type is the same as the Premium or Zero SpreadAccount but follows Islamic law and therefore is a swap-free account.
- HF Affiliates is oneof the leading Partner Programs in the industry featuring competitivecommissions, marketing tools, and exceptional support.
- LimeFx demo accounts are easy to set up and come with live pricing, virtual account balances of up to $100,000 and unlimited usage.
- 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.
- Traders need to stay up to date with economic news and events that can affect currency prices.
- The broker also offers negative balance protection, which protects you against going into debt in times of a losing trading position.
- We have created a mobile experience specifically tailored to the needs and demands of our traders.
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 offers two pricing options, a commission account and a non-commission account. Using in-house data collection at CompareForexBrokers, we got an insight into the size of the spreads offered by LimeFx. We take published spreads from the broker’s website and compare them with other brokers.
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. Or, you can choose to withdraw to a crypto account, or e-wallet such as Skrill or BitPay for a much quicker withdrawal. These include your full name, gender, country https://limefx.name/ of birth, phone number and the base currency you’d like your account to be held in. You’ll need to show your country of residence, as certain countries are only allowed certain accounts. If you wish to automate your trading or build your custom indicators, MT4 allows you to build Expert Advisors (EAs) to do these.
Select your preferred currency pairs and use the platform’s advanced trading tools to open, manage, and close your positions. Traders can access theWeb Trader on any browser by just launching it and logging in with your accountdetails, placing trades on just a button. Traders can view theirtrading activity and analyse using advanced analytical tools and charts attheir disposal. Theplatforms come equipped with all the necessary tools and features aprofessional trader needs to trade successfully. For instance, the MT4 tradingplatform supports multiple market orders, utilizes an impressive chartingpackage, and various technical indicators.
In summary, LimeFx emerges as a robust contender in the online trading sphere. With high leverage, diverse assets, and zero spreads, it caters to a broad audience, from beginners to experts. LimeFx positions itself as a competitive player in the market, offering a compelling proposition to traders. At HF Markets, we offer multiple account types to suit the specific requirements of different traders. Whatever your trading strategy, level of funding or appetite for risk, there is an account to match your needs.
LimeFx has a strong commitment to not just providing the bestpossible customer experience, but also acknowledging its social responsibilityto communities and organizations around the world. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. But, when it comes to developing trading skills that are going to mean the difference between profits and losses on your account, LimeFx isn’t going to help you get there. There are hours of webinars and recorded videos, as well as daily market analysis to keep you informed about current market movements.
Our LimeFx (HF Markets) review looks at the key features this Forex broker has to offer. With ECN-like trading conditions, MT4 and MT5 trading platforms and over 50 forex pairs, see what we say about the broker. 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. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Being able to code is an advantage for building these EAs but if not, we found you can find many free or paid ones in the MT4 marketplace. There are also energy commodity products, both spot contracts and futures contracts, which allow you to speculate on the price of crude and Brent oil. Soft commodities, such as cotton, cocoa, and sugar are also available. For the EUR/USD pair, LimeFx has a spread of 1.2 pips, which is lower than the industry average of 1.35. However, from this point on, LimeFx was wider than the industry average. For example, the GBP/USD pair has a spread of 1.9 for LimeFx, compared to the industry average of 1.68.
They provide service to more than 180 countries across the globe andoffer both STP and ECN trading platforms. LimeFx is a forex and commoditiesbroker and is the brand name of HF Markets Group. There is a very high degree of risk involved in trading securities.
You can trade Palladium contracts on Spot markets and avariety of commodities like Coffee, Cocoa, Copper, Cotton, Sugar, and SoybeanOil contracts on Futures markets on LimeFx. LimeFx supports trading on iPhone, iPad as well as Android MT4platforms. The beauty of these platforms is the one-click execution of trades,which allows you to place trades easily on the go. You can even perform severaltrading operations like monitoring, access to trading history, real-timecharts, dynamic tracking of account details, etc., which makes it very useful.
ForexBrokers.com 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 of thousands of words of research. Forex trading also offers high liquidity, low transaction costs, leveraged trading and the ability to trade 24 hours a day, five days a week. You can choose between the MT4 and MT5 platforms and the LimeFx App to start trading Forex. Commodities are sensitive to political and economic events,which makes them attractive to traders.
When I did get a hold of a customer support agent, I had to suffer through slow responses and less-than-perfect comprehension of my questions. With LimeFx, there are a similar amount of options to get your funds out of your LimeFx account as there are to deposit. MT4 also comes with 23 drawing tools to help identify support and resistance levels, or trend lines. We found making use of these very easy, just click on the drawing tool and select the points on the chart you’d like to draw a line through. 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. This can be a good option if you have a very promising strategy, or if you’re able to find another trader whose strategy you’d like to follow.
These currency pairs are referred to as major currency pairs, and they account for more than 80% of the daily trading volume in the Forex market. LimeFx provides the universally recognized MetaTrader 4 platform as their trading platform. The platform can be downloaded on thedesktop or used online through the MT4 web-trader platform.