Yes, based on your detected country of FI, you can open an account with this broker. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. The only application form typically takes less than 20 seconds to complete, asking for country of residence, e-mail, and the desired password, which grants access to the myHF back office. LimeFx does not ask unnecessary questions, the process is hassle-free, and the back-office user friendly. They are a statement of the ongoing efforts by LimeFx to maintain a competitive edge for its clients.
LimeFx’s micro account types are preferred by beginners because the minimum deposit is $5; when compared with other accounts, the minimum deposit for this account is very low. As per several LimeFx reviews, these brokers provide 14 types of withdrawal and deposit options on the platform. Some of them include credit and debit cards, domestic transfers, wire transfers, cryptocurrency transfers to specific countries (not for Nigeria and Kenya residents), and several more. Some of the withdrawal methods supported by LimeFx brokers are credit and debit cards, bank transfers, and e-wallets.
The broker provides over 1,200 products in 9 asset classes and having “forex” in their name was no longer a proper reflection of the award-winning trading experience they offer. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that LimeFx offers better pricing overall for traders. Established in 2010, HF Markets(HotForex) is a reputable online forex and commodities broker with strict regulatory control. Transparency, financial stability, and client protection are all ensured by operating under the strict supervision of organizations like Cyprus’ CySEC and South Africa’s FSCA.
MetaTrader 5 is the newest version of the platform, and there are always updates to improve the service. If you compare both versions, there are only small differences https://limefx.biz/ which we will show you in the next table. Wheater HF Markets (formerly Hotforex) is a user-friendly broker or not will be answered in this segment.
Given 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. We tested the platform with LimeFx and except for some personalised branding, MT4 with LimeFx has all the features we expect to see.
- The brokerage house supports the Market Maker execution across a variety of six ferent account types.
- I had to program a call with my « Account Manager » in order to verify my phone number because the « Automatic Verification » never worked.
- From currency pairs and shares to commodities and cryptocurrencies, you’ll find a good list of options.
- LimeFx platform is dedicated to banking with only significant
banks across the globe.
- The dedication to clients emanates from a belief in offering a level of personal customer service that stands unparalleled.
LimeFx offers six types of accounts for their traders’ specific requirements. Whatever their level of funding, trading strategy, risk appetite, starting from micro account to unlimited volume trading, there is an account to match every trader’s needs. The brokers’ users can access numerous trading instruments over commodities, forex pairs, shares, bonds, indices, and cryptocurrency CFDs. They are also offered a free demo account as well as an Islamic account. The trader can operate at LimeFx with floating or fixed leverage which is a useful tool, especially if the user trades a smaller lot. Using leverage offers an opportunity to increase the potential gains via the possibility to increase their balance in numerous ways.
Trader Education in the type of webinars, eBooks, and recordings are accessible. Moreover, there are heaps of rewards, advancements, and challenges to support and reward dedicated customers. HF Markets has enough in its weapons store to challenge the leading brands in the EU and UK, and it is likewise pushing hard to make advances in different markets. The LimeFx Affiliate program is an easy way for enterprising
individuals to start their own business without any experience or investing
money in fees for a start-up. One of the main advantages of the LimeFx programs is that
there is no limit to the number of commissions that are earned.
Which trading platform is better: LimeFx Group or LimeFx?
With over 2.5 million registered users worldwide, it’s a trusted choice for traders, whether experienced or new, seeking reliability and popularity in the forex market. LimeFx is a forex and CFD trading broker that provides trading services for both institutional and retail traders. They started the operation in 2010 and, over the years, became a multi-asset trading broker. They offer the best possible trading conditions for any client that allows scalping and unrestricted access to the liquidity.
- Overall we like LimeFx’s offering since they have all the essential features one needs to trade successfully.
- The upgrades result in a very competitive solution, and LimeFx also developed its proprietary mobile app, HF App.
- Some of the withdrawal methods supported by LimeFx brokers are credit and debit cards, bank transfers, and e-wallets.
- These webinars do not require
an account at LimeFx, but you will need to register to participate.
The MT5 platform offered by LimeFx includes Android options that can be used on a multi-asset variety of devices. The traders can take control of their accounts and explore markets, and trade with any of them. The trader can choose LimeFx Android and trade anywhere anytime on the go. Unleash the world of limitless trading possibilities with the LimeFx App and place the dynamic global markets right within your grasp. Remain ahead of the market curve and execute online trades from anywhere in the world with our innovative app. The LimeFx App is a fusion of simplicity, speed, and comprehensive features, designed to transform your mobile trading experience.
Client funds are segregated, and held by major global banks, in compliance with the regulations of government authorities. That’s why it’s super important to check up on a broker’s regulatory situation before even opening an account. The reason for these subdued levels of leverage is the regulatory bodies that govern limefx review brokerage firms in the UK, EU, and UAE have strict limits on how much leverage is allowed. 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.
Products on offer with LimeFx
LimeFx uses its resource center to update its clients on upcoming webinars and seminars. As with many brokers, It also seeks experienced traders to help in the forex market to provide their insights through interviews, answer sessions, and live sessions. LimeFx MT4 trading platform was primarily developed for trading Forex, and the trader can use it to trade different types of financial instruments like spread betting and CFD trading. The trader will not be able to trade stocks, commodities, ETFs, and futures, or Metatrader 4 platforms except if they have spread bets or CFDs contracts. CFDs are complex instruments and come with the high risk of losing money rapidly due to leverage.
Fees, Costs & Spreads
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 and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). The Metatrader 4 platform of LimeFx offers a user-friendly interface and offers fast execution and interbank liquidity.
The Trustpilot Experience
The platforms give access to six different kinds of accounts if you count the demo account as well, and these accounts vary in price depending on the account a user is operating. A full Metatrader suite on HF Markets is loaded with choice tool packages for their customers. These tools are known as premium trader tools, made to improve users’ experience on the platform. HF Markets is known for its genuineness and the company got more than 30 awards. Our LimeFx broker review team was impressed to see that this online trading broker offers fair minimum deposits across each of their account types.
Minimum deposits and funding methods
Experience tight spreads and ultra-fast execution as you harness the power of our premier trading platforms to discern and seize lucrative opportunities sprawling across global markets. The broker has a variety of trading accounts that are sure to meet the needs of different local forex traders making it one of the best brokers in South Africa. Our in-depth Hotforex broker review found that various payment methods are processed in slightly different timeframes on LimeFx forex.
Forex brokers often offer different account types, to match different styles of trading, regulatory requirements for certain countries, and your desired trading instrument. 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. However, according to applicable laws and regulations, the conditions vary from one entity to another, see our snapshot of LimeFx licenses below. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. 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.
However, both of these platforms provide multi assets, but MT4 is more reliable as forex trading platforms, while MT5 opts for CFDs. The MT5 platform of LimeFx provides all the best features of MT5 and adapts to the needs of the traders who would like to master the trading markets irrespective of their preferred trading style or assets. This user-friendly and powerful platform provides several features, superior support, advanced premium trader tools, and full control of the trades by enhancing their trading experience. The traders can get efficient trading of different types of markets with trading platforms globally. As per our LimeFx review, LimeFx offers an award-winning MT4 and MT5, the latest version as its trading software. This trading platform enables one-click trading, several tools, and provides institutional-grade technology via advanced configuration.