We tested the platform with LimeFx and except for some personalised branding, MT4 with LimeFx has all the features we expect to see. This type of account is certainly for more advanced traders, and if you’re just getting started in the markets, could be a good thing to strive for in the future. Of the accounts LimeFx offer, we think their no-commission accounts are a better choice, that said, we think there are better brokers for low spreads. Standard and commission based accounts are available but we are on the fence in terms of their costs. Spreads can be low or wide depending on the currency pair you trade with and commissions are decent for major pairs but not so for minor and exotics.
Under all entities of the broker, scalping, hedging, and the use of EAs from Metatrader is permitted. In fact, the Zero account is ideal, and very popular with scalpers due to the excellent value trading costs with a low spread and $3 per lot commission. There are more than 50 in total available to trade and a low spread that starts out from 0 pips depending on your account choice.
Tools like VPS Hosting Services, Trading Calculator, Premium Trader Tools, Economic Calendar, Auto Trading, etc. aid trading in every way. The education part is also highly customized with e-courses, webinars, video tutorials and events. First hand customer service – 24/5 live chat support, fast and effective chat support, email support, as well as phone contact helpline. LimeFx (HF Markets) provides its clients trading access on standard MT4 and MT5 platforms. Both the platforms have provision of access from desktop terminal, web terminal and on Android and iOS devices. This insurance covers risk through errors, omissions, negligence, fraud, and other financial risks which may lead to financial losses.
Broker Types
As a seasoned Forex trader with over a decade of experience, I have dedicated myself to mastering the intricacies of the financial markets. Over the years, I have honed my analytical skills, staying updated with market trends, economic news, and technical indicators. This in-depth understanding has empowered me to navigate the dynamic nature of Forex trading with confidence. Driven by my passion for trading, I have taken the initiative to share my insights and experiences with others through my engaging blog posts.
As with deposits, withdrawals with all HF Markets Group entities, are typically fee-free. This means that wire transfers, credit/debit cards, and eWallets can all be used in most areas, though you should check with your specific jurisdiction https://limefx.biz/ to see what is available. The base currency of your account is the currency that you will be trading in. There is a commission of $3 per lot to consider ($6/lot round turn trade), though this is reasonable compared to other brokers.
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. I would like to expand my opportunities by applying to copy trading. But not as a copier, but as a strategy provider.It’s cool that LimeFx has this type of feature in the first place. I think I’m ready to do so with my scalping strategy on the GBP/JPY.
We do not present any investment advice or guarantees for the accuracy and reliability of the information. Yes, LimeFx 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. Important to consider, there is a fee charged in case you didn’t use your account and show no activity for 6 months or more. No, LimeFx is not a scam, we consider LimeFx a safe broker due to being licensed by several top authorities including FCA, FSCA and CySEC. An incredible service level from first application to completion, then numerous follow-ups to ensure that all was still well. If you’re a beginner in trading, you should consider trying their educational platform to ensure you get the most out of this phenomenal WebTrader.
LimeFx HF Markets broker is a well-regulated and trusted asset investing platform. The firm was established in 2010 with headquarters in Cyprus but also has offices all over the world. 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 limefx reviews 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). The bonus works by giving me some extra capital when I deposit, and I’m then required to turnover enough volume before I can withdraw it.
- Check the exact specifications like the Swap fees, trading hours, max.
- The offering is user friendly, with large portfolio for Forex and CFDs, fees are considered low and there is good education section suitable for beginning traders.
- For trading tools, Interactive Brokers offers a better experience.
- They are regulated in South Africa, 3 other Tier-1 & Tier-2 regulations, so the security of your funds is backed by these top-tier regulators.
This comes in many forms, from the technical analysis of the many markets available, to more fundamental analysis, detailed insights from market experts, and a range of reports. When it comes to customer service, this is excellent with the HF Markets Group. There are also several other trading programs and bonuses to note from the HF Markets Group entities depending on where you are based around the world. Added to this, LimeFx premium charting tools caters perfectly for scalpers and others, with one-click trading, regular price alerts, the ability to receive signals, and more. The specialized Auto Account is also offered, but only under the entities based under FSCA and SV jurisdictions.
Do we Recommend LimeFx (HF Markets) Kenya?
Interestingly, LimeFx also offer 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 from $5
Another way to trade shares CFDs is with indices and ETFs. 23 indices and 34 ETFs covering US, European and Japanese markets are available.
LimeFx (HF Markets) Forex Broker Review
When you make a small deposit, they manipulate the market till you blow your account. I started well but since first blow they’re manipulating the market, almost like they red flagged my account. You can withdraw funds via bank transfer in ZAR, and the minimum amount is R70. There are other methods as well like Skrill & Cryptos (only available if you have deposited funds via these methods). We found LimeFx South Africa customer support to be very helpful & available across multiple channels. Their support is quite good compared to many other CFD brokers in SA, plus they also have local phone support available.
Risk Management
LimeFx will process your withdrawal within short time and available 24/5. In addition to its main license from CySEC, the broker holds other licenses to be able to serve clients from some specific jurisdictions including South Africa, Dubai, England and more. On the other hand, LimeFx has limited portfolio for EU clients, and only Forex and CFDs are offered. Last withdrawal made was July 6th, total amount of 560 usd, received in Skrill account on July 7th. We advise to contact their support at if you have any questions regarding their bonus.
This is in addition to the rollover fee charged by the parties the broker works with for that particular security. For forex, gold, and cryptocurrencies, an additional fee is included that considers an internal risk assessment. Our LimeFx reviewers were impressed by the broker’s social trading offering as compared to other brokers offering the same service. Expand your trading spectrum by synergizing and interacting with traders whose insights can amplify your trading proficiency. Open an account, find compatible trading styles to mirror, and accrue returns correspondingly.
With more than 3,500,000 live accounts supporting 27+ languages, LimeFx understands the needs and requirements of profitable traders, for which I applaud and recommend them. Hotforex is very good, they are providing great trading conditions for traders, with a competitive spread on forex, a good number of cdfs and cypto to trade as well. I have been trading for past one year now and i can safely say that the pairs offered for trading are reasonable enough to choose the right profitable pair among them. I still count myself as a developing trader so i am only sticking to major pairs for at least one year more.
To log in to your HotForex account, go to the HotForex website and click on the “Login” button in the top right corner. Enter your login credentials (username and password) and click “Login”. If you have any issues logging in, you can contact HotForex customer support for assistance. You can get in touch with them immediately via live chat, which is available around the clock and in multiple languages. They also offer phone and email support in English, as well as eight other languages. LimeFx offers a wide range of support channels, and their staff respond quickly and are very helpful and knowledgeable.
We also saw great development of LimeFx along the ttime, before broker mainly operate in Europe and now is one of the trully global brokers with great coverage of regions. This review is to warn people who are thinking about open a trading account with LimeFx. I had to program a call with my “Account Manager” in order to verify my phone number because the “Automatic Verification” never worked. So, if they never resolved a minor issue like a phone verification in order I could open a REAL trading account, I dont know what this broker would do if I have an issue with a withdrawal.
They have over 60 industry awards, including the best broker in 2022, the best client fund security in 2021, etc. ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards. To see the complete list of Industry Award winners (and to learn more about our Annual Awards from our Director of Online Broker Research, Steven Hatzakis), check out our ForexBrokers.com Annual Awards page. Yes, based on your detected country of FI, you can open an account with this broker.