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 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 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).

The myHF area feature has been integrated into the HF app so that no users can have direct access to the app. There are some conditions set for traders on the HF Markets trading platform. However, the broker offers a broad set of educational materials or tools that are meant to teach a newbie trader on the platform. With this, a beginner trader can gradually grow into an intermediate level and expert level, depending on the speed of learning. The traders’ training course includes a set of eBooks and tutorial videos. The tutorial videos are made with professional presentations and clear audio.

  • This policy covers every aspect of trading, from the speed of execution to maximum and minimum lot sizes.
  • Clients have the opportunity to access interbank spreads and liquidity via cutting-edge automated trading platforms, ensuring a seamless trading experience.
  • Users can also access free demo trading accounts and Islamic swap-free
  • Various payment methods will process withdraw money in slightly different time.
  • LimeFx is a forex and CFD trading broker that provides trading services for both institutional and retail traders.

The company offers both dealing desk and non-dealing desk trading, depending on the specific account type you choose to open. As per our LimeFx review, it offers HF Affiliates – an affiliate program that caters to both online and offline affiliates by paying great commission for their clients referred to LimeFx. The forex broker provides the best and tailor-made limefx company reviews commission structure for the products that help them to achieve the user’s revenue expectations. Further, traders can place market orders or limit orders, and they can view their trading activity in the demo accounts and live accounts. LimeFx has received numerous awards as the best educational broker at global forex awards in 2022 & more.

When selecting between the two platforms it is important to note that you may not have access to all instruments offered by LimeFx, depending on which platform you choose. MT4 was built for forex trading, while MT5 will is more focused on futures, stocks, and CFDs. Our Hotforex review also discovered that this broker is perfect for beginners, as they offer an excellent LimeFx demo account. You can use the demo account for however long you like to practice trading in real market conditions. This LimeFx broker review found that the broker offers versions of their Micro, Premium, and Zero Spread accounts that are suitable for Muslim traders.

Does LimeFx allow scalping?

This is one of the significant reasons why HF Markets traders continue transactions with the broker on the platform. The FCA and CySEC-regulated platforms offer three core
trading accounts Premium, Zero Spread, Premium Pro, and Cent Account. If you want an outstanding trading experience, sign up with this highly recommended and trusted forex broker today. The only major drawback is that the broker does not offer synthetic indices offered by Deriv. One of the LimeFx Pros is also its offered market range that includes 17 trading tools and 150+ trading products with access to global markets. These include Indices, Forex, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and due to increasing demand now offering Cryptocurrencies with Bitcoin, Ethereum, Litecoin, Ripple and more.

  • However, the broker is one of the most regulated in the world and has certifications from more than 27 additional national agencies, mainly from various European countries.
  • If you compare both versions, there are only small differences which we will show you in the next table.
  • LimeFx is available in over 27 different languages, though they do not accept clients from the United States, Canada, Sudan, Syria, or North Korea.
  • They gave MT4 and MT5 refined, all-around acknowledged, and profoundly adaptable.
  • Our LimeFx reviewers were impressed by the broker’s social trading offering as compared to other brokers offering the same service.

Partners can create increased revenues through the
Multi-level Commission Payout system. The IB will make a commission from each LimeFx
client referral and get a rebate from every closed deal. Hot Forex’s
Introducing Brokers can also earn from sub-IBs’ referrals. You can download the MT4 program from the LimeFx site, or choose to use it through a web terminal.

Services Offered by LimeFx

The LimeFx accounting team confirms transactions quite quickly during business hours. 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. The demo account functions exactly like the live account, only that the cash is not real. HF Markets’s regulation is one of the trending subjects amongst other top traders because HF Markets is among part of the few brokers that own multiple regulatory ranks across the world. However, the broker is one of the most regulated in the world and has certifications from more than 27 additional national agencies, mainly from various European countries.

Top 10 Rated Forex Brokers

LimeFx offers CFDs trading services choice of 7 account types and trading platforms with tight spreads averaging EUR USD 0.1 also operating unrestricted liquidity. Which is allowing any size or profile trader choose between various spreads and liquidity providers via automated trading platforms and perform any strategy, including News trading. 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.

To open a forex trading account with LimeFx Group, you’ll need to make an initial minimum deposit of $5. It is essential for traders to choose a reputable and regulated broker that caters to large accounts. This ensures that their funds are safe and traders can enjoy the highest standards of trading service and support.

Embark on Your Trading Journey with the LimeFx App

A four tier loyalty program rewards active traders with cash rebates and other perks. LimeFx also introduced a Return on Free Margin program, paying up to 3.00% on the available margin, calculated daily, and paid monthly directly into the myHF wallet. I also recommend traders seek in-depth third-party education covering trading psychology and avoid paid-for courses. LimeFx maintains over 1,500 assets covering Forex, cryptocurrencies, commodities, equity CFDs, indices, ETFs, and bonds. Additionally, it added 2,000+ physical shares, including fractional share dealing supportive of smaller portfolios and long-term unleveraged dividend income strategies. The bulk of business derives from HF Markets (SV) Ltd, registered as an International Business Company (IBC) in St. Vincent & the Grenadines, registration number IBC 2015.

While placing an order you should manage your risks smartly while tools like Limit Order and Stop loss orders will assist you, since they are the most basic risk management toos. Stop loss will set a particular position to be automatically closed at the predetermined price, sot that you won’t lose more than you define. Also, LimeFx provides good calculators and trading journal to keep track on your performance and is highly advised by us for use too. Also, there are LimeFx entities that are registered in offshore zones alike Mauritius, SVG and Seychelles. While our general recommendation is not to trade with offshore brokers as they simply do not regulate Forex trading, due to LimeFx multiple parallel regulations it is considered to be safe to trade with them.

What Is The Difference Between HotForex and HF Markets (LimeFx)?

While some other brokers offer even more markets to trade, we think LimeFx has a good range of products overall. 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. LimeFx demo accounts are easy to set up and come with live pricing, virtual account balances of up to $100,000 and offer unlimited usage. 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.

Don’t be expecting any hotshot trading advice from your account manager. 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 has the usual range of CFD trading instruments such as Forex, cryptos, commodities, stocks and indices. Perhaps most interesting was the ability to purchase the physical stocks (i.e. the underlying instrument) but this feature is not available for UK and South African clients.

Please be aware that this might heavily reduce the functionality and appearance of our site. HF Markets customer support is available in s more than 27 languages. You can also contact them by filling out the contact form on the official website. The zero spread account is the best account for paying low trading fees. It is most fitting for traders who have the experience, knowledge, and expertise to make their own investment decisions and adequately assess risk. HotForex was established in 2010 as a MetaTrader broker and renamed its brand in 2022 to HF Markets (LimeFx).