Please reach out to us via email or live chat to discuss your concerns further. LimeFx is under stringent oversight, ensuring a secure trading environment. LimeFx demo accounts are easy to set up and come with live pricing, virtual account balances of up to $100,000 and unlimited usage.
- You also will not need to select the MT4 or MT5 server you wish to use and lastly funding your account can be done directly via the app.
- Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
- 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.
- Their Balance Protection Policy safeguards investments, and segregated accounts ensure funds are kept separate from the company’s operational funds, enhancing financial security.
- The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe.
What Trading Platforms Does LimeFx Offer?
23 indices and 34 ETFs covering US, European and Japanese markets are available. We gave them this score from evaluating their regulation, reputation, and reviews. 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. We think LimeFx’s (also called HF Markets and formerly Hot Forex) offering is typical of a broker using an electronic communication network (ECN) with no dealing desk execution model.
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Don’t expect any hotshot trading advice from your account manager. In the sample below, we can see that LimeFx isn’t the best choice for spread-only trading given most other brokers perform better. LimeFx has the usual range of CFD trading instruments such as Forex, cryptos, commodities, stocks and indices.
Worst broker ever… manual bank…
The company offers both dealing desk and non-dealing desk trading, depending on the specific account type you choose to open. 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 on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Our results are really interesting and overall we can say there are brokers with spreads that are lower (at least according to our results). For the EUR/USD https://limefx.name/ pair, LimeFx has a spread of 1.2 pips, which is lower than the industry average of 1.35. 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. We collected data from the websites of 50 different brokers so we think this sample size provides a fair base to calculate industry averages. LimeFx does not offer services to residents of certain jurisdictions, including the USA, Canada, Sudan, Syria, Iran, North Korea and others. They are differentfrom trading stocks where the parties don’t own the underlying asset but make profit/loss based on the price fluctuations of the underlying asset. You can trade both Spot marketIndices (plural for Index) as well as the Futures market.
But, once again, these could come with a bunch of fees to pay. 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. MT4 also comes with 23 drawing tools to help identify support and resistance levels, or trend lines. We found making use of these very easy, just click on the drawing tool and select the points on the chart you’d like to draw a line through. 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.
Examples of Indicesinclude Australia 200, France 40, US Wall Street 30, etc. You may refer herefor the full details on various Indices on offer on LimeFx. Withdrawal methods are the same as the deposit methodsexcept that the e-wallets available for withdrawals are limited to Skrill &Neteller. LimeFx charges no commission or fees on deposits orwithdrawals. 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. LimeFx is a safe broker, considering they are regulated by top-tier financial authorities.
Always notify about good promotions.The account I am using does not charge swap fees for orders placed across the day. We’re concerned to hear about the difficulties you’ve experienced with our services. To better assist you and address your concerns promptly, please email us or join our live chat to provide more details. We are committed to resolving your issues and improving your experience with us. This broker will pending your deposits when you need to hold your positions. They give excuses that they followed AML regulations and you are required to submit some documents.
LimeFx is one of the most respected forex brokers on themarket. They provide service to more than 180 countries across the globe andoffer both STP and ECN trading platforms. LimeFx is a forex and commoditiesbroker and is the brand name of HF Markets Group. Interactive Brokers is a highly trusted limefx review multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite. In summary, LimeFx emerges as a robust contender in the online trading sphere.
Traders can view theirtrading activity and analyse using advanced analytical tools and charts attheir disposal. 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.
The broker allows traders to deposit and withdraw funds with variousmethods. The minimum deposit amount is only $50, which is very low compared tocompetitors in the industry, and there is no limit for minimum withdrawalamounts. 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. Features MT5 offers over MT4 include the ability to trade stocks, more order types (6 vs 4), additional technical indicators (38 vs 30) and analytic tools (44 vs 23). You will also find 21 timeframes vs 9, a Depth of market indicator and even 64-bit (vs 32-bit)processing which makes MT5 a superior option for backtesting.
