Category: Forex Trading

The HF Markets Pro Plus account was specifically designed for the Nigerian Market & it supports the trading of all Lime Fx’s CFD products. The Zero Account offers you access to trade CFDs on Forex, commodities, stocks, ETFs, Bonds, Cryptocurrencies, indices, Energies, and Metals. However, these instruments are available as Contract for limefx scam Difference (CFD). This means that you do not get to own the underlying asset, but you can attempt to pick the direction of the market price. Do not forget about the data you are viewing being manipulated to the point where it’s not even accurately represented on the charts on TradingView.

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Lime Fx is a safe broker, considering they are regulated by top-tier financial authorities. Sure, there’s plenty of content on how to enter an order, or telling you what a currency pair is and how many trillions of dollars are traded each day. There’s also an economic release calendar, which can be useful for knowing when to expect market volatility and changes in spread sizes.

1. Our broker reviews are reader supported and we may receive payment when you click on a partner site.
2. You’ll need to show your country of residence, as certain countries are only allowed certain accounts.
3. However, from this point on, Lime Fx was wider than the industry average.
4. Similarly in Kenya, HF Markets is regulated by the CMA, so trading accounts will be registered under Kenyan law etc.
5. For the funds protection, which is an important part of the regulated broker, HF Markets (Europe) Ltd. is a member of the Cyprus Investor Compensation Fund.

For Kenyan traders, Lime Fx acceptsMPesa, and you can deposit minimum of KES 1000. The clients from South African, Nigeria & Kenya can avail this promotion at the time of the last update. For professional traders, allowing followers to copy your strategy can earn you up to a 50% performance fee. This promotion allows eligible clients to receive daily earnings that are calculated based on their daily free margin and total trade volume for the month.

They are ideal for testing strategies and algorithmic trading solutions. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

Popular Forex Guides

ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. We’re glad to hear that you satisfied with our dedicated customer support services. We always strive to provide the best experience for our valued clients. The trade execution is pretty impressive on this broker’s platform especially with the good leverage on micro account. My total trade experience with this broker is around one year trading live.

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). The How-To videos explain essential functions of the myHF back office and the MT4/MT5 trading platforms. Webinars, podcasts, and live events add a personalized touch and interactive educational experience.

How do I withdraw money from Lime Fx?

A PAMM account takes copy trading to a more advanced level and allows you to sign up as a fund manager, where you can manage funds for investors at a pre-agreed percentage of profits. This can be a good option if you have a very promising strategy, or if you’re able to find another trader whose strategy you’d like to follow. As an aside, while we haven’t physically tested the spreads ourselves with HF Markets, we have tested RAW spreads with other brokers like Pepperstone, IC Markets, and Fusion Markets. Our results are really interesting and overall we can say there are brokers with spreads that are lower (at least according to our results).

Range of Offerings

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. Next up, I was offered a top-up bonus, which is an incentive from Lime Fx to deposit funds into the account. The bonus works by giving me some extra capital when I deposit, and I’m then required to turn over enough volume before I can withdraw it. You’ll need to show your country of residence, as certain countries are only allowed certain accounts. With Lime Fx, there are a similar amount of options to get your funds out of your Lime Fx account as there are to deposit.

We are thrilled to hear you’re satisfied with our support service. However, different payment channels require certain amounts ranging from $5 to $100. Beginner traders will find it easy to deposit and withdraw from Lime Fx and be able to trade with tiny amounts of capital. 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. For urgent technical support or inquiries, calling the company’s phone line would be a much quicker option, but be aware that international calling may be costly. Or, you can choose to withdraw to a crypto account, or e-wallet such as Skrill or BitPay for a much quicker withdrawal.

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. All-in-all, there is a good reason why in our mind MT4 is far and away the most popular trading platform for retail forex traders. If you want a program that has the fundamental features you need to trade without superfluous features that some competing platforms tend to have, then MT4 is an excellent choice. Just know that it is not the best option for stock trading, for this, you are better off using its more powerful successor MetaTrader 5. The HF Markets Group has won a number of industry awards, including best stock broker, best trading platform broker, and limefx broker reviews best forex trading app. A nine-member team provides additional market commentary and analytics.

HF Markets Account Types& Spread

Established in 2010, and with more than 200 staff globally, the company is one of the top 10 retail forex brokers (by volume) in the world (see Forex Trading Statistics). 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. Please note that EEA traders must trade with the less competitive Cyprus subsidiary as Lime Fx does not accept them via its international brokerages. So in order to deposit money on Lime Fx you simply need to select the payment provider of your preference, as well as the one that is available in your region, and proceed with the payment.

However in jurisdictions where there is no government regulation (such as Nigeria), trading accounts are registered under offshore regulation; meaning under laws of foreign countries. 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. I found the 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.

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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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. We’re happy that we met your expectations and look forward to serving limefx scam you with the same level of excellence in the future.

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.

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.

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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.