This means not every available option may be featured on this page. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. 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).
All client deposits remain segregated from corporate funds, and Lime Fx provides negative balance protection to all traders. 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. Lime Fx provides a variety of account options with 5 different accounts based on specific requirements. The range offers Cent, Zero, Pro, Premium, Top-up Bonus, Copy Trading and PAMM account with Swap Free Trading, also you can select the Islamic Account suitable for traders from the MENA region or beyond.
All accounts come with a personal account manager, which is just a fancy word for a customer service agent. In the sample below, we can see that Lime Fx isn’t the best choice for spread-only trading given most other brokers perform better. Various payment methods will process withdraw money in slightly different time.
I like the trading environment at Lime Fx for both beginner and advanced traders. Beginner traders get one of the most comprehensive educational services industry-wide, and the advanced traders benefit from a trading environment supportive of manual, algorithmic, social, and copy trading. High leverage, generous bonuses, a loyalty program, and interest on free margin complement cutting-edge trading tools and ensure Lime Fx clients have a notable edge in financial markets. The absence of cryptocurrency CFDs, for now, in an otherwise well-balanced asset selection is the only criticism in an otherwise excellent trading environment.
We’re happy that we met your expectations and look forward to serving you with the same level of excellence in the future. HF Markets (Lime Fx) formerly known as Hotforex is a broker that is reliable, regulated and very popular. You get access limefx scam to trade all the instruments(Forex, DMA Stock, Commodities, Shares, Bonds, ETF’s, Indices, Metals, and energies ). Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
Web Trading Platform
While some other brokers offer even more markets to trade, we think Lime Fx has a good range of products overall. A commission charge of USD 0.1% is applied with MT4 while it is 0.01 USD or 0.02 EUR per deal with MT5. Some brokers like Lime Fx, IG, and TMGM allow you to choose from 1000s of global shares so Lime Fx might not be the best choice if you like trading and require a variety of shares CFDs. A HFCopy account is a copy trading account, which allows you to sign up as either a strategy provider or a follower. This account allows you to use the HFCopy app which uses the MQL5 MetaTrader Signal network for social trading.
How do I manage my risk?
In both cases, you will get access to myLime Fx client area where you can manage all your accounts and finances. Also, there are Lime Fx entities that are registered in offshore zones alike Mauritius, SVG and Seychelles. While our general recommendation is not to trade with offshore brokers as they simply do not regulate Forex trading, due to Lime Fx multiple parallel regulations it is considered to be safe to trade with them.
HF Markets (Lime Fx) Withdrawal
The commission-free trading account lists a minimum spread of 0.5 pips but carries an average one of 1.4 pips or $14 per 1.0 standard lot. The commission-based alternative commences with a raw spread of 0.0 pips and average spreads of 0.2 pips for a commission of $6.00 per lot or total costs of $8.00 for major currency pairs. 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. Lime Fx is a broker with a good reputation and regulations based on our finds.
- Lime Fx caters to traders resident in most countries, except the USA, Canada, Sudan, Syria, North Korea, Iran, Iraq, Mauritius, Myanmar, Yemen, Afghanistan, and Vanuatu.
- Generally speaking, we think the only real reasons to stick with MT4 are if you are already comfortable with MT4 or if you desire to use EAs built for MT4 since MT5 uses a different programming language).
- Yes, Lime Fx allows scalping and places no restrictions on the strategies, however various entities and regulations may apply some conditions so you better always check terms and conditions.
- Perhaps most interesting was the ability to purchase the physical stocks (i.e. the underlying instrument) but this feature is not available for UK and South African clients.
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Deposit Methods And Fees
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I also recommend traders seek in-depth third-party education covering trading psychology and avoid paid-for courses. Here is a screenshot of Lime Fx quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Despite this, there are no deposit fees or some of the withdrawals are free as well, which we will see in our Lime Fx review further. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
Lime Fx does not ask unnecessary questions, the process is hassle-free, and the back-office user friendly. A four tier loyalty program rewards active traders with cash rebates and other perks. Lime Fx also introduced a Return on Free Margin program, paying up to 3.00% on the available margin, calculated daily, and paid monthly directly into the myHF wallet.
The spreads on this account are from 1 pip and the best thing is that there is no commission charged. But, as a side note, no matter how great a broker’s research team is, you should always be formulating your trades and strategies using techniques that you’ve backtested and have found to be profitable for you. I found the limefx volume of research released by the analyst team to be more than sufficient for keeping most traders up to date with the latest market movements. This is comprised of numerous daily articles, and occasional webinars that are created by a team of analysts located around the globe. The lessons can be as simple as explaining basic market terms, and to advanced as learning how to build mathematical models to analyse and trade markets. With several options for deposits and withdrawals, and low minimum amounts, HF Markets scores high in this category.
We take published spreads from the broker’s website and compare them with other brokers. Lime Fx 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.