➡️ The payment options available will include Credit/Debit Cards, Bank Transfers, and alternative options. Itis a very comprehensive offering and is led by the LimeFx Head Markets Analyst. You can trade both Spot marketIndices (plural for Index) as well as the Futures market. 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.
Trading and Investment Tools
All that said, LimeFx do have the most popular traded pairs which is all most traders will need. It does appear you get good value provided you use the right currency pair. FxPro Fees and Spreads Trading will involve fees from USD 3.50, spreads from 0.06 pips, and commission-free trading depending on the account traders select. The Top Up account supports various base currencies including USD, NGN, ZAR, and JPY, based on the trader’s location, with a minimum deposit requirement of $0. The LimeFx Premium account includes a choice of base currencies – USD, EUR, PLN, NGN, JPY – varying according to the trader’s location and the broker’s entity.
Compare Trading Accounts
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. These include your full name, gender, country of birth, phone number and the base currency you’d like your account to be held in. The features found in the app are a bit more basic compared to the MT4 and MT5 apps and much more basic than the MT4 and MT5 webtrader and desktop versions. Interestingly, LimeFx also offers 1800 physical shares but only for clients based in Europe, the UAE and other countries outside the UK and South Africa. There are no commission costs and you can even buy fractional shares for $5.
Does LimeFx have a KES Account?
Additionally, the Pro account offers a swap-free option, catering to Islamic traders as well. The LimeFx Zero account offers spreads starting from 0 pips, with a trading volume commission of $6/lot round turn, which is 14% cheaper than the industry standard commission of $7/lot. The base currency options within the LimeFx Zero account include USD, EUR, PLN, NGN, and JPY, depending on the trader’s region and the broker’s entity. The LimeFx Zero account requires a minimum deposit of $0 which makes it readily accessible. 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.
Tools & Education
👉 The broker has access to Civil Liability insurance coverage with a maximum of €5,00,000. This program safeguards traders against the danger of monetary loss resulting from errors, negligence, omissions, and other types of fraud. HF Affiliates is oneof the leading Partner Programs in the industry featuring competitivecommissions, marketing tools, and exceptional support. Withdrawal methods are the same as the deposit methodsexcept that the e-wallets available for withdrawals are limited to Skrill &Neteller. In order to comply with the Islamic faith, HF Markets offers swap-free trading conditions on Zero account for clients who observe Sharia law.
The online brokerage firm LimeFx requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform. The Zero account provides traders access to all LimeFx trading instruments globally, with a minimum trade size of 0.01 lot. At LimeFx you can find over 50 limefx reviews Forex pairs and 500 CFD assets, including metals, energies, indices, stocks, commodities, bonds, ETFs, and cryptos. Forex spreads start from 0 pips and there’s a $6/lot round turn commission. LimeFx provides traders with favourable trading conditions thatare considerably better than many other online trading brokerages.
LimeFx offers two interesting types of accounts which differ from the traditional trader and retail investor accounts. There’s no minimum amount required with LimeFx, and the deposit methods accepted include wire transfer, debit card, credit card and eWallet. It should be noted that the minimum deposit with LimeFx may vary depending on the type of trading account chosen.
Now that you know the minimum deposit amount you can delve into the individual LimeFx account types offered before opening one. Similar trading conditions can be found with the LimeFx pro account, where the cost per trade starts from $6, but by charging spreads from 0,6 pips (which are 40% lower than the industry standard of 1 pip). Traders can utilise MT4, MT5, and the LimeFx App trading platforms with the LimeFx Top Up account.
LimeFx withdrawals are secure, but can be quite slow requiring up to 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. ➡️ Once these 7 Steps to deposit a minimum amount have been successfully completed, you will receive an on-screen confirmation.
He has a Masters and Commerce degree and has an active role in the fintech community. The reason for these subdued levels of leverage is the regulatory bodies that govern brokerage firms in the UK, EU, and UAE have strict limits on how much leverage is allowed. But, when it comes to developing trading skills that are going to mean the difference between profits and losses https://limefx.name/ on your account, LimeFx isn’t going to help you get there. There’s also an economic release calendar, which can be useful for knowing when to expect market volatility and changes in spread sizes. The LimeFx website states that the firm supports 27 different languages, which seems quite impressive, so if English isn’t your chosen language, LimeFx may be a good option for you.
- MT5 has more shares since it is designed to enable trading via decentralised exchanges.
- It’s also a good idea to master your strategy on a demo account before switching to a live account.
- Micro Account has the lowest minimum deposit and offers allthe features of our other account types.& access to all trading instrumentson LimeFx.
- Additionally, the Pro account offers a swap-free option, catering to Islamic traders as well.
- LimeFx excels in Forex trading, offering a broad range of over 50 Forex pairs with competitive conditions like low spreads and reasonable commissions.
No, the only LimeFx demo accounts available are the Cent, Zero, Premium and Pro accounts. THe LimeFx demo account can be used to test your Forex strategies and LimeFx platforms for an unlimited usage of time. Yes, LimeFx offers several bonuses and promotional offers to its traders outside the EU, the UK and Australia. LimeFx enables deposits and withdrawals through several methods including wire transfer, credit/debit cards (Visa and Mastercard), ewallets (Neteller and Skrill), and crypto.
No commission involved, but you have to account for thevariable spread (a benchmark figure of 1.3 pips). You can trade a maximum of 7Lots per trade up to a maximum number of 150 orders. The LimeFx Premium account caters to retail traders globally as it is available under any LimeFx entity. The Premium account offers a straightforward trading experience with no minimum deposit and no trading volume commissions, which makes it a standard account offer for retail traders. LimeFx offers demo accounts across the MT4, MT5 and Webtrader platforms and for most of its trading account types. LimeFx offers CFD (Contract For Difference) trading on Forex, commodities, stocks, cryptos and indices.
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. Please note that there is a limit to the number of trading accounts a client can open on HF Markets MT4 and MT5 trading platforms. When you get to the next step, it’s time to choose which account type you’d like to open.
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. 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.
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. 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 a total of 38 FX pairs, which is a decent amount of currencies, but less than some other major brokers. Brokers like Pepperstone, IC Markets and Eightcap have about currency pairs, while CMC Market and IG have over 100 pairs.
Our LimeFx (HF Markets) review looks at the key features this Forex broker has to offer. With ECN-like trading conditions, MT4 and MT5 trading platforms and over 50 forex pairs, see what we say about the broker. The minimum deposit amount required to register an LimeFx live trading account is $5 USD. This minimum deposit is equivalent to R 70.00 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
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. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. ➡️ Once a trader has pressed the deposit button located on the right-hand side of the screen, Payment options will become available.
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