MT5 has more shares since it is designed to enable trading via decentralised exchanges. 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. With LimeFx, there are a similar amount of options to get your funds out of your LimeFx account as there are to deposit. Each has a differing minimum deposit amount, ranging from $5 to $100.
Followers, on the other hand, by opening an account will be able to deposit funds and start copying the trades of their selected SPs. 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.
LimeFx Broker accepts a variety of payment methods, including credit/debit cards, bank transfers, and e-wallets. Yes, Hotforex, now called LimeFx, is legit in https://limefx.biz/ 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.
Demo accounts are a great way for a new trader to experience trading the markets without having to risk any capital. They can also be great for more experienced traders to try out new strategies. Another important point while choosing the broker and within our LimeFx Review is customer service. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
- You can download the MT4 program from the LimeFx site, or choose to use it through a web terminal.
- I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability.
- You can also contact them by filling out the contact form on the official website.
In terms of trading platforms, LimeFx offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) which from our observations, are the go-to platforms for many brokers using an ECN execution model. The broker also has its own mobile trading platform called LimeFx app (for Premium account holders) which appears to be built on the MT5 platform so shares many common features. Lastly, LimeFx also have another in-house developed app but copy trading called HF Copy.
How To Open A LimeFx Real Account: Step-By-Step Guide
The broker charges a spread for each transaction, and they offer the tightest
spreads we have seen in the general marketplace. Yes, LimeFx provides training course videos, educational videos, forex education/e-course, events, live webinars, exclusive analysis, and a podcast for training purposes for its clients. You can see a complete list of the educational material offered by Hotforex here. Various payment methods will process withdrawals money in slightly different timeframes on LimeFx. During our LimeFx broker review, we found that this broker charges rollover fees, and these differ based on the instrument. For all assets other than forex, gold, and cryptocurrencies, the rollover includes an internal interest fee.
- To obtain entry to the platforms, simply join up with the brokerage for a real account or check the HF Markets demo account and try all of the functionalities with $100k in imaginary money.
- So, chart your course in the diverse world of trading with HF Markets and redefine your trading journey.
- Our trading accounts have been meticulously designed to cater to the diverse needs of traders, ranging from novices to seasoned professionals.
- But always remember that a forex broker review may not be objective enough before making any decisions.
Their traders have free access to more than 150 securities, though with some restrictions. The LimeFx White Label programs are explicitly targeted at
financial institutions and consultancy firms from around the world. We focus on
providing a bespoke service for each client to meet their precise needs. Each
white label is tailor-made for each partner to offer them the best opportunity
to maximize their earning potential. Webinars on current events, advanced trading strategies, and
risk and money management are run every few days.
Is LimeFx a Good Broker?
It has created a separated site, where all instructions how it works, how to sign up are given. That’s convenient and even rookies won’t spend much time sorting things out.but, other conditions scammed by limefx are slightly above average. 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.
Forex Brokers We Recommend
LimeFx also has its own mobile app that has won awards for its design and functionality. LimeFx 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 LimeFx does not accept them via its international brokerages. 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. Here is a screenshot of LimeFx quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
Who is a Forex Broker?
Opt for a broker regulated by reputable financial authorities such as FCA, CySEC, or ASIC, as these organizations maintain strict regulations, guaranteeing a reliable environment for traders. 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.
Most traders should be electing to use wire transfers or credit/debit cards to deposit, depending on how much they’re transferring. 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. It does appear you get good value provided you use the right currency pair. The HF Markets Group has won a number of industry awards, including best stock broker, best trading platform broker, and best forex trading app. By trading conditions, the company means trading with leverage, easy withdrawals, the smallest minimum deposits, and the fastest order execution speed.
Combined with superior trading tools, features, and lightning-fast execution of orders, This LimeFx review offers tools and features that are needed for all types of traders to work on their trading strategies. The company is pioneering the industry through the integration of cutting-edge technology, innovative forex system solutions, and unrivaled customer service, all while maintaining low-cost commissions. LimeFx is a good broker for South African traders because it is regulated by a reputable financial authority, offers competitive fees, and provides a variety of trading platforms and educational resources.
The traders can view financial markets, technical analysis, market price movements, and execute orders without any problems. HFcopy account is developed for strategy providers for generating extra income through trading fees charged to followers to pay for s strategy than developing their strategy. The maximum fee is charged at 50%, the minimum deposit for each strategy provider is $500, and followers are $100.
Bank Cards & e-Wallets – A minimum deposit of 50 USD is
required, and will take approximately 10 minutes to reflect in your trading
account. Whether you’re just starting or a veteran trader, our LimeFx broker review team finds that this broker is an excellent trading partner. This includes LimeFx educational videos, Training course videos, Forex education/e-course, Live Webinars, Events, Exclusive analysis, and a Podcast. These materials are perfect for beginners who want to learn forex trading. LimeFx offers a wide range of payment options, including all major credit and debit cards, wire transfers, Skrill, Neteller, and Bitcoin (some country restrictions may apply).