If you’re Australian, you’ll need to find another broker, as LimeFx doesn’t offer their services to the land down under. 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. Times ticking, and the markets starting to move, but you’re now waiting on hold on your broker’s customer support line. While some other brokers offer even more markets to trade, we think LimeFx has a good range of products overall. A commission charge of USD 0.1% is applied with MT4 while it is 0.01 USD or 0.02 EUR per deal with MT5.
- For any further clarification please do not hesitate to contact us.
- These include your full name, gender, country of birth, phone number and the base currency you’d like your account to be held in.
- As a follower, you can deposit funds and elect to automatically copy the trades of a strategy provider.
- Additionally, LimeFx participates in a civil liability insurance program of up to €5 million, and this ensures the traders and creditors if the broker defaults and goes bankrupt.
- These authorities are responsible for the business conduct of financial institutions in different regions.
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. LimeFx offers an extensive range of over 150 tradeable assets
to its clients. Traders have numerous markets to participate in with many
trading options, including Forex, CFDs, Spot contracts, and Futures contracts. Traders can choose from 50 forex pairs to trade, a range of commodities, many
indices, over 50 shares, seven cryptocurrency pairs, and bonds.
Winner of over 60 Industry Awards
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. 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. While the numbers above use the spreads brokers publish on their website, Ross Collins from our team tested the spreads for standard accounts for 20 brokers to see how they perform.
At HF Markets, we offer multiple account types to suit the specific requirements of different traders. Whatever your trading strategy, level of funding or appetite for risk, there is an account to match your needs. On the other hand, traders will experience a 1 pip spread markup fee from the broker. You can access all types of assets offered by LimeFx using the Premium account.
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. 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. Or, you can choose to withdraw to a crypto account, or e-wallet such as Skrill or BitPay for a much quicker withdrawal. Each has a differing minimum deposit amount, ranging from $5 to $100. This can be a good option if you have a very promising strategy, or if you’re able to find another trader whose strategy you’d like to follow. As a strategy provider, you can trade your strategy and earn additional revenue by allowing people to copy your trades.
- Our LimeFx (HF Markets) review looks at the key features this Forex broker has to offer.
- Even experienced traders will find the material offered by LimeFx useful.
platforms come equipped with all the necessary tools and features a
professional trader needs to trade successfully.
- 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.
Nowadays, most brokers offer Forex, indices, commodities, and stocks as CFDs, but very few can offer physical stocks as an added bonus. With LimeFx you can trade more than 3138 instruments, out of which 2,170 are physical stocks. MetaTrader platforms are well known for their reliability which is the reason why they stay relevant in the modern world. MT4 was developed in 2005 and despite its old-fashioned design, most Forex brokers offer the trading software to their clients. MT5 was released 5 years later, in 2010, and offers access to a wider range of trading assets.
However, we feel there are other brokers out there that have more variety in their offerings and lower spreads as well. Before trading, study basic forex strategies and learn how to analyze currency markets properly. Then, open an HF Markets Live or Demo Account and choose your trading platform. Forex, short https://limefx.name/ for foreign exchange, is a decentralized global market where currencies are traded. One of the key advantages of forex trading is that it allows individuals and institutions to trade on currency volatility. What makes LimeFx stand out from the competition is the huge variety of trading assets available.
What is the minimum deposit for LimeFx?
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). Standard and commission based accounts are available but we are on the fence in terms of their costs. Spreads can be low or wide depending on the currency pair you trade with and commissions are decent for major pairs but not so for minor and exotics. LimeFx provides traders with favourable trading conditions that
are considerably better than many other online trading brokerages. For
instance, traders achieve excellent execution speeds through their premium MT4
and WebTrader platforms.
Other good features we think are worth noting include being regulated in 6 different countries or regions. Unfortunately, if you are in Australia, Canada or the USA you cannot sign with LimeFx. The broker also shines when it comes to education and its global research team, which publishes a large stream of articles and webinars to keep you on top of market news. If there are no trading activities or no transactions for at least 6 months, the account will be considered dormant. LimeFx broker is trusted by many investors who look for trading according to the Islamic faith, and want to keep trading righteously.
MT5 has more shares since it is designed to enable trading via decentralised exchanges. Our technology collected data from the websites of 50 different brokers so we think this sample size provides a fair base to calculate industry averages. 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. 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.
Here Are the LimeFx Pros and Cons
The safety of a forex broker has a lot to do with what government regulator is issuing the company a trading license. 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. If you’re outside of the UK, EU, and UAE, LimeFx offers blisteringly high leverage.
These currency pairs are referred to as major currency pairs, and they account for more than 80% of the daily trading volume in the Forex market. Forex trading also offers high liquidity, low transaction costs, leveraged trading and the ability to trade 24 hours a day, five days a week. You can choose between limefx forex brokers reviews the MT4 and MT5 platforms and the LimeFx App to start trading Forex. The mobile app provides traders with a full set of market and limit orders. However, it’s not recommended to conduct market research using your mobile. In order to trade professionally, you need a PC screen where you can see more clearly.
The beauty of these platforms is the one-click execution of trades,
which allows you to place trades easily on the go. You can even perform several
trading operations like monitoring, access to trading history, real-time
charts, dynamic tracking of account details, etc., which makes it very useful. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Should shares CFD shares be your preferred trading instrument, LimeFx 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.
With this type of account, you can only use MT4 for trading, and you may use USD or EUR as your account currency. You may only use US Dollars for this type of account, and if you are a provider you can get up to 1000 followers. Also, the trading instruments are limited to Forex, indices spot, energy, and gold spot contracts. Exchange-traded funds are another trading option that some traders consider safer security with low volatility, and if you prefer this type of trading, LimeFx has something for you. Bonds are financial instruments issued by different entities such as governments or corporations and enable investors to lend money to the issuer. Generally, bonds are viewed as safe investments and are characterized by low-risk, low-reward ratios.
There is a large variety of research tools and educational material provided by LimeFx. The trading tools such as the economic calendar and calculator give you a better insight into the markets. Whereas, educational material is essential for novice traders to become professionals. MetaTrader is one of the most commonly used trading platforms in the world, and these platforms are mostly used by reliable brokers that are well-established. Once your trading platform is ready, you are ready to make your first deposit.