The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Forex traders also appreciate the ability to engage in social copy trading. We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test.
- A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
- LimeFx has done a great job of publishing research &education, and it is visible that plenty of effort and resources are dedicated,especially in the research section.
- All the above tools with the exception of the analysis articles are mostly driven towards experienced traders looking to analyse patterns or trade with particular strategies.
Trading Conditions
When compared to other copy trading providers, HF Markets is definitely taking a great approach towards transparency by displaying this information. 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. It’s very important to point out that deposit options can vary geographically due to each country’s restrictions so always check on your client area before depositing what options are available. Contact us directly for further inquiries about our products and services. Index trading involves speculation on the movement of asection of a market, instead of individual stocks. Depending on the marketmovement, there will be potential for profits.
Customer Support
LimeFx is a CFD (Contract For Difference) Forex broker with execution style based on ECN (Electronic Communications Network) and STP (Straight-Through Processing) models. LimeFx withdrawals are secure, but can be quite slow requiring up to limefx forex broker 10 business days to get through. However, if you withdraw money with Skrill or Neteller, the withdrawal is instant. LimeFx (formerly known as HotForex) is an online brokerage firm founded in 2010 in Cyprus, part of the HF Markets Group.
Is LimeFx good for demo trading?
Autochartist, Advanced Insights, and Traders Board are a few to name. My close friend advised me to try this brokerage platform out and I listened to him.Well, he didn’t deceive me saying that the number of tools here is the biggest I have ever seen. It’s like that, not gonna lie.Education section is a highlight, undoubtedly. When I trade currency pairs, I usually peek at advanced insights for amplifying analysis results.
Popular Forex Education
LimeFx Top Up account is not available for traders in the EU, UK, and Australia. LimeFx may charge a currency conversion fee if deposits and withdrawals do not match the account base currency selected. Additionally, within the European Union, HF Markets provides Negative Balance Protection, which means that traders will never lose more money than they deposit. LimeFx (and all the HF Markets Group entities) ensures client funds’ protection through segregated bank accounts, safeguarding them in case of broker insolvency or bankruptcy.
Additionally, it’s available as a swap-free option for Islamic traders. The LimeFx Cent account offers spreads starting from 1.4 pips, which is 40% higher than the industry standard of 1 pip, and no attached trading volume commissions. However, in the context of Cent Accounts, LimeFx’s spreads are more competitive than its competitors. The firm protects funds with various safeguards such as segregated bank accounts.
BEST SERVICE OFFERED BY LimeFx TEAM
LimeFx delivers an average spread of 1.2 when trading the EUR/USD within a standard account. The all-in cost of trading the EUR/USD with an active account is 0.7. We were able to obtain average spread data for over 30 brokers, and found the industry averages for these data points to be 1.04 (standard) and 0.87 (all-in). LimeFx provides access to 3500 tradeable symbols and 102 different forex pairs, compared to the median number of 982 symbols and an average of 67 available forex pairs across the 60+ brokers reviewed on BrokerNotes. LimeFx has established itself among the most competitive Forex brokers with a quality mix of products and services.
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. To compare the trading platforms of both LimeFx Group and LimeFx, we tested each broker’s trading tools, research capabilities, and mobile apps. Looking at our database, the average forex broker offers 6 of the 11 features variables we track in the commissions & fees category, and has average spreads of 1.04 when trading the EUR/USD. LimeFx offers 5 of the 11 features, while offering average spreads of 1.2 which helped contribute to the broker ranking #29 out of 62 brokers in this category. LimeFx is an online trading brand with high prestige in thefinance world, with certifications and awards to substantiate theirreliability.
On the other hand, LimeFx has limited portfolio for EU clients, with only Forex and CFDs are offered. Also, international trading is done via offshore branches with lower requirements, however LimeFx has good reputation so is considered to sign in. People who write reviews have ownership to edit or delete them https://limefx.biz/ at any time, and they’ll be displayed as long as an account is active. Great team, that is always ready to assist any Trader out there, whether with knowledge or without knowledge about fhe financial markets.I would recommend HF Markets. We appreciate your positive feedback on our Customer Support team!
I recommend live chat should traders require assistance for non-urgent matters and phone support for emergencies. The MT4 trading platform remains the leader in algorithmic trading, and MT4/MT5 features a built-in copy-trading platform. I like the investment LimeFx made into upgrading the sub-standard out-of-the-box MT4/MT5, ensuring traders have an edge in financial markets. LimeFx offers traders MT4/MT5 and upgrades them with 12 trading tools by FX Blue Labs plus Autochartist. They are available as a desktop client, a webtrader, and a mobile app, while MT4 comes with the PAMM module. The upgrades result in a very competitive solution, and LimeFx also developed its proprietary mobile app, HF App.
These may include individual, joint, corporate, or retirement accounts. Segregated accounts with top-tier financial institutions are maintained. In addition, the broker is covered by up to €5,00,000 in Civil Liability insurance. This program protects traders against the risk of financial loss because of mistakes, carelessness, omissions, and other forms of fraud. They are well-regulated by several reputable entities and recently, LimeFx Investments Limited, a subsidiary of the brokerage company, has been given a license by the Capital Markets Authority (CMA) in Nigeria.
They are a well-regulated STP broker with awards for its clientprotection and product offerings. With accounts that suit both beginners andprofessionals, ample training material, frequent market analysis, and a broadselection of trading tools, LimeFx is an excellent choice for new and experiencedtraders. LimeFx offers demo accounts across the MT4, MT5 and Webtrader platforms and for most of its trading account types. Not every broker publishes average spread data, and pricing structures vary.
Theplatforms come equipped with all the necessary tools and features aprofessional trader needs to trade successfully. For instance, the MT4 tradingplatform supports multiple market orders, utilizes an impressive chartingpackage, and various technical indicators. LimeFx provides the universally recognized MetaTrader 4 platform as their trading platform. The platform can be downloaded on thedesktop or used online through the MT4 web-trader platform. As well, MT4 mobileapplications are available for both Apple and Android smart devices.
Consulted with back end agent, and they have confirmed that payment has failed they will bounce back my deposit but still yet to receive. Getting ridiculous and losing trust in LimeFx as they seem incompetent in handling client’s funds and don’t take accountability when something goes wrong. It’s important to make sure that your forex broker accepts the funding options and deposit methods that work best for you.
