Lime Fx HF Markets Review 2024: Pros & Cons

Lime Fx broker review

With more than 3,500,000 live accounts supporting 27+ languages, Lime Fx understands the needs and requirements of profitable traders, for which I applaud and recommend them. Our Lime Fx (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. 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. The four trading account types, plus a demo and an Islamic account, cater to various needs and cover the entire spectrum of trader types.

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With several options for deposits and withdrawals, and low minimum amounts, HF Markets scores high in this category. These include your full name, gender, country of birth, phone number and the base currency you’d like your account to be held in. 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. The safety of a forex broker has a lot to do with what government regulator is issuing the company a trading licence. As a strategy provider, you can trade your strategy and earn additional revenue by allowing people to copy your trades.

MT4 and MT5 Lime Fx terminals available in various versions that suit your personal needs and allows efficient trading through the Desktop Platform, WebTerminal which is compatible with any browser. Or by the use of MT4 MultiTerminal with access to manage multiple accounts simultaneously, however desktop version still remains the most complete with all features and add-ons available there. 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. 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.

Lime Fx broker review

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. However African languages are not supported and this is a minus given that some of the clients come from Africa. Thank you for sharing your feedback with us.We’re sorry to learn about your recent experience and want you to know that your concerns are important to us. To provide the appropriate support, we kindly ask for additional details.

Spread on the HF Markets Pro Account starts at 0.6 pip; the account does not charge commission when you trade forex. The account allows you to keep up to 500 open trades simultaneously. However, leveraged trades will get a margin call at 50% and a stop out at 20%.

How do I manage my risk?

All that said, Lime Fx do have the most limefx broker reviews popular traded pairs which is all most traders will need. See our full Pepperstone vs HF Markets comparison for more information. It does appear you get good value provided you use the right currency pair. As a trusted and secure Forex brokers Lime Fx has its hard-earned and well-deserved reputation to uphold. All client deposits remain segregated from corporate funds, and Lime Fx provides negative balance protection to all traders.

I have had the worst experience with…

  1. For ID proof you can upload copy of your driver’s license, passport etc.
  2. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.
  3. The only application form typically takes less than 20 seconds to complete, asking for country of residence, e-mail, and the desired password, which grants access to the myHF back office.
  4. Alike Wire transfer will take 2-10 working days, also depending on your bank and international policy processing, while ewallets will load the request Instant.

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. He has a Masters and Commerce degree and has an active role in the fintech community.

Lime Fx Alternative Brokers

As a follower, you can deposit funds and elect to automatically copy the trades of a strategy provider. 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. Our broker reviews are reader supported and we may receive payment when you click on a partner site. The only application form typically takes less than 20 seconds to complete, asking for country of residence, e-mail, and the desired password, which grants access to the myHF back office.

In terms of transferring your funds from your bank account into your Lime Fx account, there are several options (some are better than others). Each has a differing minimum deposit amount, ranging from $5 to $100. Interestingly, Lime Fx 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.

Please feel free to get in touch with us through email, live chat, or phone so we can assist you effectively.Thank you for your understanding and patience as we work towards a resolution. Thank you for bringing your feedback to our attention.We regret to hear about your experience and would like to assure you that we take your concerns very seriously. In order to assist you more effectively, we kindly request additional information. Please contact us via email, live chat, or phone, and we will be pleased to provide the necessary support.We appreciate your patience and understanding as we work to resolve this issue. We’re glad to hear you’re impressed with our trade execution and satisfied with the services after a year of trading with us.

How to open Lime Fx Live account?

You can get in touch with HF Markets via Phone, Email, Live Chat, or Fax; from Monday to Friday during working hours. However HF Markets does not offer support on weekends, which can be a challenge if you trade weekend markets like Cryptocurrency CFDS. Similarly in Kenya, HF Markets is regulated by the CMA, so trading accounts will be registered under Kenyan law etc.