This means that you do not get to own the underlying asset, but you can attempt to pick the direction of the market price. Our impartial review aims to provide you with valuable insight to make an informed decision when considering trading with HF Markets. Particularly about scalping, there is no restriction and LimeFx range of accounts alike with Zero spread may assist you even better to trade this strategy. Also, there are LimeFx entities that are registered in offshore zones alike Mauritius, SVG and Seychelles.
What are the LimeFx account base currencies?
The LimeFx Top Up Account is distinctive for offering a bonus on every eligible deposit but is exclusively for traders under the regulation of the Financial Services Authority (FSA) of Seychelles. LimeFx Top Up account is not available for traders in the EU, UK, and Australia. The LimeFx Cent account is a beginner-friendly trading option only available to international clients under the regulation of the Financial Services Authority (FSA) of Seychelles. Cent account is ideal for those moving from a demo to a real trading environment. THe LimeFx demo account can be used to test your Forex strategies and LimeFx platforms for an unlimited usage of time. If you deposit less than $100 with a bank wire (or less than $250 under the regulation of the Cyprus Securities and Exchange Commission, CySEC), you might be charged processing fees.
HF Markets Educational Tools
I also want to caution beginner traders against using a demo account as a full educational tool. It can create unrealistic trading expectations, and the absence of real risk produces a false psychological simulation of trading with real money. 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).
How do I deposit money on LimeFx?
To compare the trading platforms of both Interactive Brokers and LimeFx, we tested each broker’s trading tools, research capabilities, and mobile apps. Finally, we found Interactive Brokers to provide better mobile trading apps. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). 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.
HF Markets Trading Platforms
You can place your order using market execution, and you are allowed to open up to 500 trades simultaneously with a minimum trade size of 0.01 lot and a trade size increment of 0.01. In countries where HF Markets is not licensed, they usually register clients in another jurisdiction. For example in South Africa, LimeFx is regulated by the government so trading accounts will be registered under laws of South Africa.
Overnight Fees, Rollovers, or Swaps
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. I have been trading with LimeFx since 2016 and i am very pleased with their services, specially super customer care response, faster deposit and withdrawal and most importantly super tight spread.
Multi-lingual customer support is available 24/5, and LimeFx transparently lists all contact methods on its website. LimeFx describes its products and services well, and it has plenty of videos and a well-structured FAQ section. I recommend live chat should traders require assistance for non-urgent matters and phone support for emergencies. I recommend a demo account balance similar to the planned live account real money deposit.
LimeFx has established itself among the most competitive Forex brokers with a quality mix of products and services. It enables all trading strategies with a cutting-edge trading environment and competitive fees. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check regulation and verify it with the regulator by checking the provided license with their database.
Yes, they occasionally offer bonuses and promotions to their traders. These promotions can include deposit bonuses, cashback offers, and other incentives to enhance the trading experience. HF Markets typically offers a revenue-sharing commission structure for affiliate accounts, where affiliates earn a percentage of the trading volume generated by their referred clients. The exact commission rate may vary depending on the trading instrument, account type, and trading volume. MultiTerminal platform makes it possible to manage multiple accounts at the same time from a single screen. Nigerian traders can expect the same familiar trading experience that traders have come to expect from the MT4 platform but with even more power and capability.
LimeFx also commits to executing trades in a timely fashion, although it reserves the right to decline trades should certain market conditions be present. Generally, however, your trades will only be interrupted if there are technical issues such as platform failure or poor connections. From within your limefx company reviews client area, you’ll always have the option to launch each platform available to you. The LimeFx PAMM Account allows investors to invest funds in experienced PAMM Fund Managers who trade the markets on their behalf. PAMM Managers earn a pre-agreed Success Fee when they make a profit for their investors.
LimeFx’s retail investor accounts are suitable for both novice and expert traders, as well as professional traders looking to get a competitive advantage in their trading. LimeFx offers unlimited demo accounts for MT4/MT5, and traders may select their desired demo account balance from within the MT4/MT5 trading platforms. They are ideal for testing strategies and algorithmic trading solutions. LimeFx is an online trading brand with high prestige in thefinance world, with certifications and awards to substantiate theirreliability. 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 Android and iOS are the best choice if Nigerian traders are looking for a mobile trading platform that is both convenient and secure. The brokers accounts come with a variety of features and benefits designed to cater to investors’ needs and enhance their investment experience. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that IC Markets offers better pricing overall for traders.
I recommend caution with trading contests, as they may promote reckless trading habits, especially among beginner traders chasing a prize rather than learning to trade. LimeFx offers an extensive range of over 150 tradeable assetsto its clients. LimeFx’s primary income sources are spreads on all the accounts and trading volume commissions of $6/lot round turn on the Zero account. LimeFx also makes money from swap fees on open positions overnight and inactivity fees of $5 per month after six months. Deposit and withdrawal fees vary, with specific charges for bank wire deposits below $100 and BitPay withdrawals.
- Their Balance Protection Policy safeguards investments, and segregated accounts ensure funds are kept separate from the company’s operational funds, enhancing financial security.
- Besides, LimeFx offers its trading service along with the applicable licenses in each region it operates that regulate the Forex industry, therefore delivers service trustworthily.
- Leveraged trades will have a margin call at 50% and a stop-out level of 20%.
- Only in the event of certain circumstances will these requirements not be fulfilled.
- 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.
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. It’s important to make sure that your forex broker accepts the funding options and deposit methods that work best for you.
This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by the Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading. This LimeFx review will provide traders with the details that they need to consider whether the broker is suited to their unique trading objectives and https://limefx.group/ needs. To open a trading account with IC Markets, you’ll need to make an initial minimum deposit of $200. 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.