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For CFD trading, Lime Fx offers a wide range of assets and has been recognized for its excellent trading conditions. Lime Fx caters to most traders from its headquarters in Saint Vincent and the Grenadines, but it has offices in each country where it maintains a regulatory license. 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. A four tier loyalty program rewards active traders with cash rebates and other perks.
Which Account Types Are Available with Lime Fx?
By reading this review, you will gain a better understanding of whether Lime Fx (HF Markets) is the right broker limefx scammers for your trading needs and preferences. If you’re a trading expert, you can become a regional representative for Lime Fx. This means you’ll promote Lime Fx in your area and manage an office there, offering brokerage services for Lime Fx. The Affiliate Partners and Introducing Brokers (IB) program is open to people and groups worldwide. It lets you earn money by bringing new customers to the broker.
What is Lime Fx’s mission?
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Notice that each trader charges a performance fee, which is important to keep into consideration when choosing to follow or copy a particular trader. Once you log in to HF Markets (Lime Fx) app, you’ll be able to perform every single action that you would want to do from the web browser but in your mobile app. After your accounts are open, you’ll find that you can easily manage them as wallets from your client area.
What are the Lime Fx pros and cons?
The account provides a clear commission-based structure, and the commissions begin at a minimum of $0.03. The Premium account is for retail traders who are looking for swap-free trading with lower spreads and no commissions. You can open a premium account on all trading platforms available, the Lime Fx Platform, MetaTrader 4, and MetaTrader 5. MetaTrader 5 enhances this with access to over 3000 instruments, superior analysis tools, and support for all order types. Limit and stop levels start from 2 pips, and traders canbegin trading with as little as $100 for the minimum deposit.
Swap-Free Account Fees
Trying to navigate the world of forex trading can feel overwhelming, especially when choosing a reliable broker. Lime Fx (formerly known as HotForex) has established itself as a prominent player in the online trading arena. This comprehensive review dives deep into Lime Fx’s offerings, exploring its advantages, potential drawbacks, and how it compares to the competition. It also does not have any investor protection scheme for non-UK/EU traders.
- The features found in the app are a bit more basic compared to the MT4 and MT5 apps and much more basic than the MT4 and MT5 webtrader and desktop versions.
- According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit.
- You can start trading with just $100 as the minimum deposit.
- Also, there are Lime Fx entities that are registered in offshore zones like Mauritius, SVG and Seychelles.
- For instance, the MT4 tradingplatform supports multiple market orders, utilizes an impressive chartingpackage, and various technical indicators.
Lastly, for reliability, Lime Fx is highly regulated by authorities and holds top-tier licenses ensuring credibility. Alongside quality research and MetaTrader offering, Lime Fx (HF Markets) offers a proprietary copy trading platform, HFcopy, as well as a decent selection of nearly 1,000 CFDs (including 100+ forex pairs). That said, trading costs at Lime Fx are slightly above the industry average across its spread-only accounts. There are some conditions set for traders on the HF Markets trading platform. However, the broker offers a broad set of educational materials or tools that are meant to teach a newbie trader on the platform. With this, a beginner trader can gradually grow into an intermediate level and expert level, depending on the speed of learning.
- Even during peak hours, the phone support service—available in several languages—connected us with a person in three to five minutes.
- It is possible to lose some or all of your money and investment.
- Lime Fx is under stringent oversight, ensuring a secure trading environment.
- Traders using the Lime Fx Zero account can choose between the MT4 and MT5 trading platforms.
- The HF Markets trading platform has been tested by several users and by us.
- Additionally, traders can earn rewards through the Refer a Friend program, where they can receive up to $200 for inviting new clients.
Lime Fx has a Rollover Policy to make sure fees are fair for all tradable assets. For most assets, except Forex, Gold, and Cryptos, the rollover fee includes an internal interest fee plus or minus the rollover fee. The actionable insights from Lime Fx have been game-changing for our business, helping us streamline our financial strategies effectively. Thank you so much for taking the time to review Lime Fx’S platform.
How can I withdraw funds from my Lime Fx account?
The Lime Fx Zero account requires a minimum deposit of $0 which makes it readily accessible. The Zero account provides traders access to all Lime Fx trading instruments globally, with a minimum trade size of 0.01 limefx forex broker lot. The Lime Fx Cent account supports both MT4 and MT5 trading platforms, catering to a range of trader preferences. Additionally, it’s available as a swap-free option for Islamic traders. Yes, Lime Fx is considered a good broker for a variety of trading activities.
It’s very important to point out that deposit options can vary geographically due to each country’s restrictions so always check on your client area before depositing what options are available. Contact us directly for further inquiries about our products and services. They are differentfrom trading stocks where the parties don’t own the underlying asset but make profit/loss based on the price fluctuations of the underlying asset.