We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Lime Fx offers a deposit bonus for each deposit, the Lime Fx gadget giveaway promotion, and trading contests for live and demo accounts also exist. Terms and conditions apply, and traders should understand them fully before participating in bonuses and promotions. I recommend caution with trading contests, as they may promote reckless trading habits, especially among beginner traders chasing a prize rather than learning to trade. Lime Fx offers demo accounts across the MT4, MT5 and Webtrader platforms and for most of its trading account types.
Overall, Lime Fx is a well-established customer-oriented broker with secure, regulated trading environment suitable for almost every trader. Lime Fx is a broker with a good reputation and regulations based on our finds. Also, there is truly remarkable education section suitable for beginning traders and one of the best ranges our financial experts saw of webinars and seminars performed globally. Lime Fx offers 4 account types Cent, Zero, Pro, Premium and Top-up Bonus 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. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
Lime Fx 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 Lime Fx to maintain a competitive edge for its clients. I also recommend traders seek in-depth third-party education covering trading psychology and avoid paid-for courses. 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 Lime Fx quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. 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.
Trading Research Tools
There have been no problems encountered using the Lime Fx system.Deposits and withdrawals are easy, convenient, and receive very fast service.There are employees periodically asking about usage problems. Always notify about good promotions.The account I am using does not charge swap fees for orders placed across the day. The leverage that Lime Fx offers you varies greatly, depending on where you’re located, whether you’re a retail or professional trader, and which products you choose to trade. If you’re from the UK, Europe or the UAE, Lime Fx is a highly regulated broker with a respectable amount of tradable products. If you’re Australian, you’ll need to find another broker, as Lime Fx doesn’t offer their services to the land down under.
This account charges a variable spread that starts at 0.2 pip and charges zero commission when you trade forex. Using Market Execution, the account allows you to open a minimum lot size of 0.01 lot and a maximum trade size of 60 standard lots per position. In countries where HF Markets is not licensed, they usually register clients in another jurisdiction. For example in South Africa, limefx website Lime Fx is regulated by the government so trading accounts will be registered under laws of South Africa. We’re glad to hear that the registration and deposit process was seamless and our support team responsive.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. To open an account at HotForex (Lime Fx), you first need to choose an account type. After you have selected the account you want to open, then select it, fill in the details like your Name, email, phone. From time to time, Lime Fx also hosts local webinars and events where they provide physical education and support to clients and potential clients. Return on Free Margin is a promotion that Lime Fx offers to its clients that are registered under The Lime Fx Saint Vincent legal entity. It supports USD, KES, NGN, ZAR, EUR, and JPY account base currencies.
What is the Lime Fx trading platform?
So in our financial review though either you wish to join copy traders or to use EAs, perform scalping or become a partner etc. there is an option for all. Lime Fx withdrawal options include cards, bank transfer by far most used option and various ewallets. And the last point withdrawal fee, which is actually 0$ is amazing, allowing you not to worry about extra fees. However, Wire Transfer may involve some correspondent fees according to your bank and international policies. However and unless you trading through swap-free accounts designed to traders following Sharia rules, as these accounts restricted from any interest rates or swaps. As well always consider overnight or rollover fees as trading costs in case you holding an open position longer than a day.
With USD, EUR, KES, NGN, and JPY as your account base currency on the Pro Account, you can trade all the assets that HF Markets offers. When trading on a margin, you get a margin call at 50% and a stop out at 20%. USD, EUR, KES, NGN, and JPY are supported account-based currencies. Because it is designed to minimize risk, you can only trade Forex & Gold CFDs on it. Instead of a standard lot of 100,000 units of CFDs, a standard lot on the Cent Account is reduced to 1,000 units (called a Cent Lot). Just like Nigerian trading accounts are subject to laws of Saint Vincent & The Grenadines, any legal issues will be heard in the corresponding oversea court.
There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Thank you for your kind words and for sharing your experience with HF Markets. 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. 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).
Besides, Lime Fx offers its trading service along with the applicable licenses in each region it operates that regulate the Forex industry, therefore delivers service trustworthily. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. On the HF Markets official website, they have a plethora of educational material &the Lime Fx Mobile app has one of the best Demo Accounts when compared to features other forex trading apps have. To avoid conversion fees, it is generally recommended to deposit and withdraw funds in your account-base currency. You can earn up to 3% interest on unused margin with HF Markets& the funds have to be lying inside your trading account.
Does Lime Fx charge an inactivity fee?
The broker also offers negative balance protection, which protects you against going into debt in times of a losing trading position. We collected data from the websites of 50 different brokers so we think limefx scammers this sample size provides a fair base to calculate industry averages. In the sample below, we can see that Lime Fx isn’t the best choice for spread-only trading given most other brokers perform better.
I recorded more than 2 instances and sent them to the trading desk with no reply. Their data is delayed or overextends price-taking liquidity that should not be taken, manipulating you out of the trades. We’re glad to hear you had a positive experience with our service.
Swap-free Trading on HF Markets
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. HF Markets Ltd, formerly Hot Forex is a forex, stocks, and CFD broking company owned by the HF Markets Group. The myHF back office handles all withdrawal requests in a straightforward and timely manner.
- We collected data from the websites of 50 different brokers so we think this sample size provides a fair base to calculate industry averages.
- 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.
- We’re glad to hear that you satisfied with our dedicated customer support services.
- On the other hand, Lime Fx has limited portfolio for EU clients, with only Forex and CFDs are offered.
The features found in the app are a bit more basic compared to the MT4 and MT5 apps and much more basic than the MT4 and MT5 webtrader and desktop versions. If you have an insight on interest rates, or where the bond markets will move, you can trade contracts based on the Bund, Gilt, and U.S. Should shares CFD shares be your preferred trading instrument, Lime Fx offers a total of 96 shares to choose from with MT4 and 846 with MT5. MT4 shares are derived from NYSE, NASDAQ and EURONEXT exchanges while MT5 also include stocks from exchanges in Spain, The UK, Germany, Ireland and the Netherlands. MT5 has more shares since it is designed to enable trading via decentralised exchanges. Lime Fx has also taken out civil liability insurance up to €5,000,000, to protect client funds against broker error, negligence, fraud, and other risks.
We gave them this score from evaluating their regulation, reputation, and reviews. For the EUR/USD pair, Lime Fx has a spread of 1.2 pips, which is lower than the industry average of 1.35. However, from this point on, Lime Fx was wider than the industry average. For example, the GBP/USD pair has a spread of 1.9 for Lime Fx, compared to the industry average of 1.68. The AUD/JPY pair sees a spread of 2.8 for Lime Fx, while the industry average is 2.31. We think Lime Fx’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.
