- 14 Mar, 2022
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- 7 Mins Read
Lime Fx HF Markets Review 2024: Pros & Cons
We’re thrilled that you found our trading conditions and support to your satisfaction.We’re also glad that our quick deposit and withdrawal processes made your trading smooth and hassle-free. Your recommendation means a lot to us, and we look forward to continuing to serve you.If you need anything, we’re here to help. We’re glad to hear that you satisfied with our dedicated customer support services.
Spreads And Broker Costs
Lime Fx accounting team confirms transactions quite quickly as we had on our trade test, yet the matter might take longer due to payment providers. Alike Wire transfer will take 2-10 working days, also depending on your bank and international policy processing, while ewallets will load the request Instant. limefx reviews As well always consider overnight or rollover fees as trading costs in case you holding an open position longer than a day.
We’re glad to hear you’re impressed with our trade execution and satisfied with the services after a year of trading with us. Your satisfaction is our priority, and we look forward to supporting you in the future. These tools/services are meant to improve your trading experience and help you to stay alert on economic matters. Lime Fx demo accounts are easy to set up and come with live pricing, virtual account balances of up to $100,000 and unlimited usage. Overall, I can’t fault the Lime Fx 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.
- Lime Fx offers traders commission-free Forex trading with higher spreads, a highly competitive commission-based alternative.
- Lime Fx caters to most traders from its headquarters in Saint Vincent and the Grenadines, but it has offices in each country where it maintains a regulatory license.
- For the EUR/USD pair, Lime Fx has a spread of 1.2 pips, which is lower than the industry average of 1.35.
- While our general recommendation is not to trade with offshore brokers as they simply do not regulate Forex trading, due to Lime Fx multiple parallel regulations it is considered to be safe to trade with them.
- Lime Fx is suitable for various traders including European clients, Africa and Asia traders, also beginning traders and experienced looking for good technical trading solutions.
Lime Fx also partnered with Blue Sky Forex for free webinars, enhancing the overall approach to educating beginner traders. I recommend a demo account limefx courses scam balance similar to the planned live account real money deposit. I also want to caution beginner traders against using a demo account as a full educational tool. It can create unrealistic trading expectations, and the absence of real risk produces a false psychological simulation of trading with real money.
What Instruments I can trade in Lime Fx?
Each has a differing minimum deposit amount, ranging from $5 to $100. Lime Fx Trading App is the in-house app developed by Lime Fx allowing traders to trade from their smartphones. The main benefit of using this app is that logging into your trading account is easier since it can be done with your Lime Fx credentials. You also will not need to select the MT4 or MT5 server you wish to use and lastly funding your account can be done directly via the app. Interestingly, Lime Fx also offers 1800 physical shares but only for clients based in Europe, the UAE and other countries outside the UK and South Africa.
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They are a statement of the ongoing efforts by Lime Fx to maintain a competitive edge for its clients. 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. Education is another strong point of Lime Fx since the broker concentrates and puts efforts on Africa and Asia regions so its allows various traders to join in.
Popular Forex Broker Reviews
MT5 has more shares since it is designed to enable trading via decentralised exchanges. The broker also offers negative balance protection, which protects you against going into debt in times of a losing trading position. As a strategy provider, you can trade your strategy and earn additional revenue by allowing people to copy your trades.
HF Markets (Lime Fx) Copy Trading Account
Below you may see a comparison of the most popular instruments, the typical spread based on Standard conditions, as well for your information compare fees to another broker Lime Fx. While trading with Lime Fx FOrex we found available fixed or floating leverage, which is indeed a very useful tool, especially for traders of smaller size. Leverage brings an opportunity to increase your potential gains through its possibility to multiply balance in a particular number of times. Yet remember that leverage may work in reverse too, defining also your risks, that is why it’s so important to understand how to use tool smartly.
In simple terms it means the broker is regulated and authorized to offer its trading service along with necessary safety measures and controls applied. Because the Zero Spread account is an ECN account, HF Markets /Hotforex does provide an ECN account. This account has a very low spread when compared to other accounts, it has a spread ranging around 0.0 pips.
There are no commission costs and you can even buy fractional shares for $5. While the numbers above use the spreads brokers publish on their website, Ross Collins from our team tested the Standard Account Spreads for 20 brokers to see how they performed. When we compare the published results we listed above with the results for our Standard Account testing for other brokers, the conclusion we make is that Lime Fx performs poorly with their Standard account spreads. Established in 2010, and with more than 200 staff globally, the company is one of the top 10 retail forex brokers (by volume) in the world (see Forex Trading Statistics). I like to note the awards for best trading conditions and client security, as they belong to the Lime Fx core offering to traders, where Lime Fx excels. As a trusted and secure Forex brokers Lime Fx has its hard-earned and well-deserved reputation to uphold.
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Alongside quality research and MetaTrader offering, Lime Fx (HF Markets) offers a proprietary copy trading platform, HFcopy, as well as a decent selection of nearly 1,000 CFDs (including 100+ forex pairs). That said, trading costs at Lime Fx are slightly above the industry average across its spread-only accounts. Lime Fx positions itself as a competitive player in the market, offering a compelling proposition to traders.
Lime Fx offer their proprietary online trading app, which is available for both Android and iOS. Clients can access their accounts through the app and trade more than 1200 CFDs. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Another important point while choosing the broker and within our Lime Fx Review is customer service.
We do not present any investment advice or guarantees for the accuracy and reliability of the information. 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, Lime Fx provides good calculators and trading journal to keep track on your performance and is highly advised by us for use too.
Lime Fx offers two interesting types of accounts which differ from the traditional trader and retail investor accounts. Lime Fx 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. Other good features we think are worth noting include being regulated in 6 different countries or regions.