This insurance scheme protects the traders from any practice of fraud, negligence, or misconduct executed by the broker. LimeFx Forex broker has dozens of different promotional programs available for both their new registering and existing users. The broker offers various different contests with various prize pools, as well as bonus programs. The most popular contest at the moment is the Road to Paris Trading Contest.
LimeFx offers traders commission-free Forex trading with higher spreads, a highly competitive commission-based alternative. When you get to the next step, it’s time to choose which account type you’d like to open. It’s important to pick an account type that matches your trading experience and strategy, so make sure to read the above section on account types. 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 $100 or a similar amount in your base currency. All-in-all, there is a good reason why in our mind MT4 is far and away the most popular trading platform for retail forex traders.
- With an array of account options, superior trading conditions, and swift execution, HF Markets is a gateway for clients of varying levels to achieve their trading aspirations.
- LimeFx offers a deposit bonus for each deposit, the LimeFx gadget giveaway promotion, and trading contests for live and demo accounts also exist.
- Such is the case of cryptocurrencies for retail traders residing in the EU, UK and Australia, under the HF Markets entity.
- MT4 was developed in 2005 and despite its old-fashioned design, most Forex brokers offer the trading software to their clients.
LimeFx warns all potential traders that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors. LimeFx offers different types of accounts to its clients tosuit a wide range of trading strategies. Based on regulator requirements, thereare different account types for each region. Based on our research, we can recommend XTB for beginners since it did a great job incorporating state-of-the-art educational resources and research tools.
Are there bonuses or promotional offers on LimeFx?
The upgrades result in a very competitive solution, and LimeFx also developed its proprietary mobile app, HF App. Active traders can lower expenses via the volume-based loyalty program. Equity CFD commissions limefx review of 0.10% and trading costs on commodities, indices, ETFs, and bonds remain equally competitive. We must warn you, that some of the digital wallets have hefty fees and currency conversion spreads.
FAQs on LimeFx
They also offer fast execution times and the option to automate trades with Expert Advisors (EAs). DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
In order to better understand the difference between LimeFx and competitors, let’s compare commission-free accounts side by side. This LimeFx trading account type is designed for traders who are new to the Forex market and are making their first steps. Using the Micro account, a trader can place market orders with a minimum contract size starting from 0.01 lots, and a relatively lower deposit requirement. LimeFx does offer a free demo trading account for beginners to Practice forex trading in a 100% risk-free environment. The LimeFx Demo account is available for unlimited use and closely simulates a real trading environment based on actual market conditions.
What do users think about LimeFx?
We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. That said, trading costs at LimeFx are slightly above the industry average across its spread-only accounts. 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.
With more than 3,500,000 live accounts supporting 27+ languages, LimeFx understands the needs and requirements of profitable traders, for which I applaud and recommend them. LimeFx offers two pricing options, a commission account and a non-commission account. Using in-house data collection at CompareForexBrokers, we got an insight into the size of the spreads offered by LimeFx. We take published spreads from the broker’s website and compare them with other brokers. The HF Markets Group has won a number of industry awards, including best stock broker, best trading platform broker, and best forex trading app.
Leverage brings an opportunity to increase your potential gains through its possibility to multiply balance in a particular number of times. Yet remember that leverage may work in reverse too, defining also your risks, that is why it’s so important to understand how to use tool smartly. However, according to applicable laws and regulations, the conditions vary from one entity to another, see our snapshot of LimeFx licenses below. For the funds protection, which is an important part of the regulated broker, HF Markets (Europe) Ltd. is a member of the Cyprus Investor Compensation Fund.
Soft commodities, such as cotton, cocoa, and sugar are also available. Client funds are segregated, and held by major global banks, in compliance with the regulations of government authorities. We gave them this score from evaluating their regulation, reputation, and reviews.
This fee is defined by each instrument separately and you will see it directly from the platform or upon the opening of the trade, see below example with Cryptocurrencies. We also saw great development of LimeFx along the ttime, before broker mainly operate in Europe and now is one of the trully global brokers with great coverage of regions. My first trade experience sfo with LimeFx.Admin , support and teams are helpful and have very service minded. There have been no problems encountered using the LimeFx 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. Cent account includes transactions and balances in USD cents, with a minimum deposit requirement of $0.
This account allows you to use the HFCopy app which uses the MQL5 MetaTrader Signal network for social trading. All accounts come with a personal account manager, which is just a fancy word for a customer service agent. LimeFx is regulated by several top-tier authorities, and it follows very strict guidelines including segregated bank accounts, negative balance protection, https://limefx.name/ and an international insurance scheme. The LimeFx live chat provides a fast solution for users requiring urgent support. The communication was smooth and their customer support agents were able to answer trading-related inquiries in a professional and timely manner. LimeFx enables you to keep track of your market activity when you are on the go, using the modern mobile app.