All that said, LimeFx do have the most popular traded pairs which is all most traders will need. 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. LimeFx offers two interesting types of accounts which differ from the traditional trader and retail investor accounts.
- Some brokers like LimeFx, IG, TMGM allow you to choose from 1000s of global shares so LimeFx might not be the best choice if you like trading require a variety of shares CFDs.
- If there are no trading activities or no transactions for at least 6 months, the account will be considered dormant.
- 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.
- Next up, I was offered a top-up bonus, which is an incentive from LimeFx to deposit funds into the account.
- Additionally, support via the contact form and email is also available.
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. 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 (HF Markets) Forex Broker Review
Many of the account types facilitate no minimum deposit, but it can rise up to $5,000 for the professional account types. With these sub-accounts, you can trade in forex, metal, oil, and indices with a minimum deposit of $250 on the two different accounts that are available, PAMM Premium, and PAMM Premium Plus. This LimeFx review will detail all important areas of the broker including their trading platforms, assets selection, and costs to help you gain valuable insight when making your broker choice. LimeFx supports trading on iPhone, iPad as well as Android MT4
- 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.
- Part of our testing process involves in-depth research into commissions and fees.
- For a super-fast trade order entry, you can make use of the Ctrl key to input orders without verification.
- The broker also offers negative balance protection, which protects you against going into debt in times of a losing trading position.
- Standard and commission based accounts are available but we are on the fence in terms of their costs.
- There are also several other trading programs and bonuses to note from the HF Markets Group entities depending on where you are based around the world.
When logging in for the first time via MetaTrader 4 or 5, you’ll be asked to select which server or entity of HF Markets you want to access, this information will also be provided when creating your account. HF Markets also charges an inactivity fee of $5 monthly after 6 months of inactivity but on the positive side they don’t charge deposit or withdrawal fees. Another positive point is that internal transfers between accounts are possible yet it’s very important to point out that when you open an account, your base currency cannot be changed after. The good thing about HF Markets (LimeFx) is that they allow users to open multiple accounts with different conditions from their client area. HF Markets Ltd. is regulated by market watchdogs like Financial Conduct Authority in the UK, Cysec and South Africa FSCA. In case you decide to deposit using a wire transfer, LimeFx broker will pay for bank transfer fees in case your deposit is greater than $250.
How long does LimeFx withdrawal take?
As an additional benefit, they are offering access to xStation 5, one of the best and most beginner-friendly trading platforms on the market. With HF Markets, you get more than just access to diverse markets; you receive the insights, tools, and support to navigate through them efficiently. The seamless trading experience, coupled with our insightful market analysis and world-class platforms, propels your trading endeavors to new heights.
LimeFx supports both MetaTrader 4 and 5…
They also offer phone and email support in English, as well as eight other languages. LimeFx withdrawal options include cards, bank transfers and various e-wallets. LimeFx charges an inactivity fee on all accounts that have remained dormant for more than six months. Should your account remain unused for between six months and one year, a $5 fee is charged. This increases to $10, $20, and the previous year’s fee + $10 per month for inactivity periods of 1-2 years, 2-3 years, and over 3 years respectively.
The HF Markets Group has won a number of industry awards, including best stock broker, best trading platform broker, and best forex trading app. 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. MT4 and MT5 platforms are usable via desktop computer, mobile, and web browser. But, nowadays, access via web browser and mobile apps are more popular than the PC. Moreover, traders can open a demo account if they are not sure about the authenticity of the LimeFx broker or are confused about the LimeFx review.
Best Australian Forex Brokers List for 2023
The MetaTrader is well-known for its professional trading tools and customizability of indicators. For example, there are free indicators to use, but you can add some more if you found a reliable one on the internet. It is possible to program your own tools or automated strategies on the platform. After a few hours of practice, you will feel comfortable using the platform.
If you’re from the UK, Europe or the UAE, LimeFx is a highly regulated broker with a respectable amount of tradable products. If you’re Australian, you’ll need to find another broker, as LimeFx doesn’t offer their services to the land down under. All that’s left to do is load our chosen trading platform, and make a deposit. Not every account, or every country is offered the same bonus (or offered one at all), so it’s important to read the terms & conditions if you’re considering taking up a bonus offer. Next up, I was offered a top-up bonus, which is an incentive from LimeFx to deposit funds into the account. When you get to the next step, it’s time to choose which account type you’d like to open.
However, we feel there are other brokers out there that have more variety in their offerings and lower spreads as well. And I like how easy it is to open a trading account with this company. From the beginning of the account registration process to thr start of trading took very little time.Verification process was also simple. I took photos of my documents and sent them for verification.There limefx website were no problems with the documents. So I was able to start trading almost immediately.I think that all this is because system that this broker has built allows all services to work well. The official announcement provided a somewhat succinct description, suggesting that LimeFx offers a standard copy trading service, not particularly distinguished from similar offerings by competing brokers.
The spreads on these accounts start from 1.1 pips with the PAMM Premium Account, or 0.3 pips with the PAMM Premium Plus Account though the latter has a $10/lot round turn commission attached. This account type is only offered by HF Markets (DIFC) Ltd. the broker entity in the UAE. Starting with the downsides, it could be thought that HF Markets https://limefx.club/ offering different services in different areas is a negative depending on where you are located. The fact there are no social trading features is also something that detracts slightly from the offering. The spread here typically starts from 1 pip but on a VIP, Zero, or MAM/PAMM account type this drops to 0 pips with a $3 commission.
LimeFx offers traders commission-free Forex trading with higher spreads, a highly competitive commission-based alternative, and fractional share dealing from $5 per transaction. 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. As per the new rules from different regulators, no forex broker can offer a bonus to the trader. However, they have a loyalty program for the traders who have been trading with LimeFx for a certain period. It is a reward for the trader; you may find more about loyalty on their website.