LimeFx offers a wide range of tradable markets, including forex trading, stocks, indices, bonds, commodities, ETFs, energy products, and even crypto CFDs. The company offers both dealing desk and non-dealing desk scammed by limefx trading, depending on the specific account type you choose to open. And like most no-dealing desk brokers, you can choose between a spread-only ‘Premium’ account and a commission-based ‘Zero Spread’ account.
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- Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
- 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.
- It’s important to note that the existing clients of a brokerage tend to account for a larger share of new capital than new business.
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. 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. All accounts come with a personal account manager, which is just a fancy word for a customer service agent. Don’t be expecting any hotshot trading advice from your account manager.
LimeFx supports both MetaTrader 4 and 5…
We compared the spreads for each of these accounts with other brokers for a range of currency pairs and found they were generally below the industry average. So if you are looking for a low-spread broker, you might be better to look elsewhere. 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.
Next up, I was offered a top-up bonus, which is an incentive from LimeFx to deposit funds into the account. I found the volume of research released by the analyst team to be more than sufficient for keeping most traders up to date with the latest market movements. The lessons can be as simple as explaining basic market terms, to advanced as learning how to build mathematical models to analyze and trade markets. For urgent technical support or inquiries, calling the company’s phone line would be a much quicker option, but be aware that international calling may be costly.
LimeFx (HF Markets) Forex Broker Review
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. Still, trading costs at LimeFx are slightly above the industry average, and its LimeFx mobile app does now support trading. Our LimeFx (HF Markets) review looks at the key features this Forex broker has to offer. With ECN-like trading conditions, MT4 and MT5 trading platforms and over 50 forex pairs, see what we say about the broker. At LimeFx, we offer multiple account types to suit the specific requirements of different traders.
If you’ve been around the forex and CFD industry for a while, you’ve probably heard of the occasional dodgy broker running off with client’s funds. When trading with leverage, keep in mind that this involves high risk. If you’re outside of the UK, EU, and UAE, LimeFx offers blisteringly high leverage. If you https://limefx.vip/ 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. We found LimeFx offer a wide array of tradable markets and instruments. MT4 also comes with 23 drawing tools to help identify support and resistance levels, or trend lines.
Reviews3.8
Go short or long on Forex CFDs, take advantage of the superior trading conditions offered by LimeFx and become an active forex trader in the global markets. 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. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. I am a client of this broker and I want to write a few words about how this company operates.
When testing out the live chat feature, I found it to be error-prone, and not particularly useful for getting helpful information quickly or efficiently. LimeFx has also taken out civil liability insurance up to €5,000,000, to protect client funds against broker error, negligence, fraud, and other risks. 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 brokerage firms in the UK, EU, and UAE have strict limits on how much leverage is allowed. 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. It was very easy to set orders to enter and exit the market, as well as place stop-loss orders.
The worst trading app
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. Sure, there’s plenty of content on how to enter an order, or telling you what a currency pair is and how many trillions of dollars are traded each day. LimeFx offers a reasonably in-depth educational platform suited for reasonably new traders. With LimeFx, customer service is available 24 hours per day, five days per week through email, phone, and live support. The broker also offers negative balance protection, which protects you against going into debt in times of a losing trading position.
Or, you can choose to withdraw to a crypto account, or e-wallet such as Skrill or BitPay for a much quicker withdrawal. The simplest option would be a straight wire transfer, which will generally take 2 to 10 business days. Each has a differing minimum deposit amount, ranging from $5 to $100. Access our free educational resources to improve your trading skills and strategy. ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards.
Using in-house data collection at CompareForexBrokers, we were able to get an insight into the size of the spreads offered by LimeFx. This technology takes published spreads from the brokers website and compares them with other brokers. Other good features we think are worth noting include being regulated in 6 different countries or regions.
You’ll need to show your country of residence, as certain countries are only allowed certain accounts. But, when it comes to developing trading skills that are going to mean the difference between profits and losses on your account, LimeFx isn’t going to help you get there. There’s also an economic release calendar, which can be useful for knowing when to expect market volatility and changes in spread sizes. There are hours of webinars and recorded videos, as well as daily market analysis to keep you informed about current market movements. The LimeFx website states that the firm supports 27 different languages, which seems quite impressive, so if English isn’t your chosen language, LimeFx may be a good option for you.
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. Finally, the global appeal of the forex industry makes it very attractive since potential business exists on all parts of the globe. This represents a challenge for a generic call center, which most likely does not offer the breadth of multi-lingual support and sales assistance needed for a brokerage to be successful. Our fx call center is superior because we are in tune with the regional differences that are required to successfully close business. Formerly known as Hot Forex, LimeFx (HF Markets) is a forex and CFD broker that’s a good match for beginner to intermediate traders.
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Help our agents identify you so they can offer more personalized support. The bonus works by giving me some extra capital when I deposit, and I’m then required to turnover enough volume before I can withdraw it.
However from this point on, LimeFx was wider than the industry average. For example, the GBP/USD pair has a spread of 1.9 for LimeFx, compared to the industry average of 1.68. The AUD/JPY pair sees a spread of 2.8 for LimeFx, while the industry average is 2.31.
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