Forex Trading

LimeFx HF Markets Review: Key Findings for 2023

It is developed to suit the needs of a more experienced trader who wants to take their trading to the next level. The minimum deposit in ZAR is R1400 ($100) and the account allows you to trade all assets offered by LimeFx. The MetaTrader4 and MetaTrader5 interfaces are currently only open to Hotforex users with an SV registration. To obtain entry to the platforms, simply join up with the brokerage for a real account or check the HF Markets demo account and try all of the functionalities with $100k in imaginary money. RoboForex is a notable option for intermediate to advanced traders, typically due to the high leverage and the massive amount of tradable assets. The broker has more than 900,000 registered customers around the world and scored in terms of leverage and professional client support.

The HF Markets trading platform has been tested by several users and by us. One of the users on the HF Markets platform gives a story of how he proved the account. He illustrated that when filling out the registration form, accurate details must be provided because one of the HF Markets representatives will put a call through to verify the user’s identity. This process is very important to the company because of the regulatory authorities. Is HF Markets (also known as HotForex) a reliable Forex Broker for international traders?

LimeFx leverage works on fixed or floating leverage, which is a great tool for small investors. However, leverage is also a way to multiply the returns, while it may work opposite too. Apart from regulations, awards are also another measure to check the safety of a broker, and LimeFx received more than 45 industry awards.

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And like most no-dealing desk brokers, you can choose between a spread-only ‘Premium’ account and a commission-based ‘Zero Spread’ account. We compared the spreads for each of these accounts with other brokers for a range of currency pairs and found they were generally below the industry average. So if you are looking for a low-spread broker, you might be better to look elsewhere. I am a client of this broker and I want to write a few words about how this company operates. Some time ago I saw that a few traders complained about the unmodern design. And now the company has corrected it.Broker is also constantly improving its services./ I have noticed this in my experience.

The account provides a clear commission-based structure, and the commissions begin at a minimum of $0.03. Clients of LimeFx have access to high liquidity and variable tight spreads and commission. The company offers up to six account types for customized trading as well as state-of-the-art trading software and tools for individuals and institutions to trade forex and derivatives online. Overall, HF Markets formerly knows as HotForex, is a renowned forex trading platform known for its low-risk environment, competitive spreads, secure transactions, and swift trade execution.

  • Below is a breakdown of each of the different account types offered by LimeFx.
  • The fully digital questionnaire makes the whole process quicker too, as you don’t need to worry about posting your documents to the broker for approval.
  • Don’t be expecting any hotshot trading advice from your account manager.
  • This is because the payment method that is used to fund their account may charge a fee.
  • Since LimeFx has licenses from multiple world-class Forex regulators, I can confidently suggest that traders manage their portfolios at HF Markets (SV) Ltd.

If you are interested in trading CFDs, LimeFx offers traders access to 3500 CFDs, while LimeFx Group offers access to 1429 CFDs; so LimeFx offers 2071 more CFDs than LimeFx Group. HF Markets offers Islamic account options, (Swap-free on all account types) ensuring compliance with Shariah principles for traders who prefer interest-free trading. Platform encryption is essential for safeguarding your trading activities and personal information. A credible broker should provide high-grade encryption technology for their trading platforms – such as SSL encryption – to protect your data from unauthorized access. As per the new rules from different regulators, no forex broker can offer a bonus to the trader. However, they have a loyalty program for the traders who have been trading with LimeFx for a certain period.

If the user is more active, the trader accumulates more, and they can progress. After actively trading in the brokers and accumulating enough bars, the users can choose to exchange them with Forex trading services or tools or for cash. LimeFx provides a wide range of withdrawal and deposit methods, including credit and debit cards, bank wire transfers, limefx numerous e-wallets like Trustly, Neteller, Skrill, and several others. These brokers Fees and processing times will vary, while deposits might take 10 minutes to 2 working days based on the methods used by the trader. Withdrawals are free and are processed in 24 hours when the request is submitted, and they will be processed from Monday to Friday.

➡️️ The only requirement of fund withdrawals is the money has to come from the same electronic purse that the funds were originally deposited into and/or replenished. Whatever we have discussed above are considered as advantages; however, here, we will provide significant advantages at a glance, which makes LimeFx the best forex broker. However, withdrawals may take 1-10 business days, depending on the methods. Furthermore, instant withdrawal is also available for some online transfer options such as Fasapay, Skrill, Neteller, and more.

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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. 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). In this LimeFx review, we’re going to take a deep dive into the reality of trading with LimeFx, who should be interested in this broker, and whether the marketing claims stack up in reality.

What’s great about HF markets is the process of withdrawing requests rather quickly from our experience, usually within one business day. However, depending on your local bank regulations, it may take them longer to clear the funds and make it available to you, but that’s outside HF Markets control. Identity must be approved before permission is granted to access live accounts to prevent money laundering, and this is according to the law governing the system. The MetaTrader is well-known for its professional trading tools and customizability of indicators. For example, there are free indicators to use, but you can add some more if you found a reliable one on the internet. It is possible to program your own tools or automated strategies on the platform.

Experience the Power of the LimeFx App

While we have made this review as international as possible, it’s not practical for us to deep dive into all their offerings across the globe so there will be a slight bias to LimeFx’s UK offerings. Other good features we think are worth noting include being regulated in 6 different countries or regions. Unfortunately, if you are in Australia, Canada or the USA you cannot sign with LimeFx. The broker also shines when it comes to education and its global research team, which publishes a large stream of articles and webinars to keep you on top of market news. Education is another strong point of LimeFx since the broker concentrates and puts efforts on Africa and Asia regions so its allows various traders to join in.

LimeFx also understands the importance of competitive regulation, leverage, and loyalty programs. 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. The traders can also use the education resource center to update their knowledge about the forex market.

Meld with a Global Ensemble of Traders: A Symbiosis of Experience and Recompense

; as a market maker, it provides a wide choice of multi-asset account types more than 3,500,000 live accounts, including forex pairs, currency pairs, Cryptocurrencies, Bonds, ETFs, & Equities. With HF Markets, you get more than just access to diverse markets; you receive the insights, tools, and support to navigate through them efficiently. The seamless trading experience, coupled with our insightful market analysis and world-class platforms, propels your trading endeavors to new heights. It’s not just about identifying potential opportunities; it’s about seizing them with precision, strategy, and confidence. So, chart your course in the diverse world of trading with HF Markets and redefine your trading journey. HF Markets is a reputable and secure Fx and derivatives broker recognized for its no-spread accounts and excellent client support.

LimeFx Regulation and Security

The commission-free trading account lists a minimum spread of 0.5 pips but carries an average one of 1.2 pips or $13 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. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. LimeFx offers traders commission-free Forex trading with higher spreads, a highly competitive commission-based alternative, and fractional share dealing from $5 per transaction. I like the range of products LimeFx provides, starting with the 12-plugin upgrade for MT4/MT5.

Also, international trading is done via offshore branches with lower requirements, however LimeFx has good reputation so is considered to sign in. All content on is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Welcome to a new era of trading with our revolutionary LimeFx Trading App. We’ve meticulously developed a mobile experience that’s been explicitly crafted to meet the dynamic needs and exacting demands of our diverse community of traders.

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Additionally, support via the contact form and email is also available. Moreover, traders can open a demo account if they are not sure about the authenticity of the LimeFx broker or are confused about the LimeFx review. Finally, while researching for this LimeFx review, we also searched for the trust score from TrustPilot, and the score is 83 out of 99, which is relatively higher than other best forex brokers.