Three are aimed at beginner to intermediate traders, with a separate pro account designed for more experienced traders. Just note that some accounts are only available in certain countries. Lime Fx offers two pricing options, a commission account and a non-commission account. Using in-house data collection at CompareForexBrokers, we got an insight into the size of the spreads offered by Lime Fx.

Lime Fx (HF Markets) Review: Fees, Safety, Platforms

After creating your Lime Fx trading account you can trade using any of the following platforms. The minimum deposit amount required to open a broker account with HF Markets (Lime Fx) / HotForex is $5 and there are no deposit fees. However, different payment channels require certain amounts ranging from $5 to $100. If you’re from the UK, Europe or the UAE, Lime Fx is a highly regulated broker with a respectable amount of tradable products. If you’re Australian, you’ll need to find another broker, as Lime Fx doesn’t offer their services to the land down under.

Besides broker issue its very own Lime Fx MasterCard for a straight transaction and the ability to make safe online payments. Based on our Expert finds, Lime Fx provides good trading conditions that might be some of the best for Forex trading and CFDs trading, also available in a global scale for international trading. Lime Fx is suitable for various traders including European clients, Africa and Asia traders, also beginning traders and experienced looking for good technical trading solutions. The leverage that Lime Fx offers you varies greatly, depending on where you’re located, whether you’re a retail or professional trader, and which products you choose to trade.

1. Besides broker issue its very own Lime Fx MasterCard for a straight transaction and the ability to make safe online payments.
2. My total trade experience with this broker is around one year trading live.
3. 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.
4. Stop loss will set a particular position to be automatically closed at the predetermined price, sot that you won’t lose more than you define.
5. Please note that EEA traders must trade with the less competitive Cyprus subsidiary as Lime Fx does not accept them via its international brokerages.
6. A nine-member team provides additional market commentary and analytics.

All accounts come with a personal account manager, which is just a fancy word for a customer service agent. In the sample below, we can see that Lime Fx isn’t the best choice for spread-only trading given most other brokers perform better. Various payment methods will process withdraw money in slightly different time.

In both limefx 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. While our general recommendation is not to trade with offshore brokers as they simply do not regulate Forex trading, due to Lime Fx multiple parallel regulations it is considered to be safe to trade with them.

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. It constitutes a claim of the covered clients against investment firms. Clients’ deposits are protected under the requirements of the regulators.

Lime Fx offers upgraded MT4/MT5 trading platforms and its proprietary mobile trading app. Lime Fx offers traders MT4/MT5 and upgrades them with 12 trading tools by FX Blue Labs plus Autochartist. They are available as a desktop client, a webtrader, and a mobile app, while MT4 comes with the PAMM module. The upgrades result in a very competitive solution, and Lime Fx also developed its proprietary mobile app, HF App. Lime Fx provides an award-winning MT4 Platform as its main trading software and its newer version MetaTrader 5.

Forex Risk Disclaimer

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. 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.

Trading Research Tools

The commission-free trading account lists a minimum spread of 0.5 pips but carries an average one of 1.4 pips or $14 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. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Lime Fx is a broker with a good reputation and regulations based on our finds.

If you wish to automate your trading or build your custom indicators, MT4 allows you to build Expert Advisors (EAs) to do these. Being able to code is an advantage for building these EAs but if not, we found you can find many free or paid ones in the MT4 marketplace. MT4 also comes with 23 drawing tools to help identify support and resistance levels, or trend lines. We found making use of these very easy, just click on the drawing tool and select the points on the chart you’d like to draw a line through. 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. The myHF back office handles all withdrawal requests in a straightforward and timely manner.

Lime Fx offers a deposit bonus for each deposit, the Lime Fx gadget giveaway promotion, and trading contests for live and demo accounts also exist. Terms and conditions apply, and traders should understand them fully before participating in bonuses and promotions. I recommend caution with trading contests, as they may promote reckless trading habits, especially among beginner traders chasing a prize rather than learning to trade. Lime Fx offers unlimited demo accounts for MT4/MT5, and traders may select their desired demo account balance from within the MT4/MT5 trading platforms. They are ideal for testing strategies and algorithmic trading solutions.

What Instruments I can trade in Lime Fx?

Or, you can choose to withdraw to a crypto account, or e-wallet such as Skrill or BitPay for a much quicker withdrawal. 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. If you have an insight on interest rates, or where the bond markets will move, you can trade contracts based on the Bund, Gilt, and U.S. Lime Fx has also taken out civil liability insurance up to €5,000,000, to protect client funds against broker error, negligence, fraud, and other risks. The safety of a forex broker has a lot to do with what government regulator is issuing the company a trading licence.

We always strive to provide the best experience for our valued clients. MetaTrader5 (MT5) like MT4 is another platform that is commonly available with Forex brokers and one we are very familiar with. Given that MT5 is an updated version of MetaTrader4, with more advanced features and is still receiving new development and support from Metaquotes, we tend to recommend this platform to most traders. The team at CompareForexBrokers have long liked the ultra-intuitive, feature-rich experience that allows you to quickly analyse markets and enter and exit trades with a few mouse clicks. With this in mind, it’s not hard to see why MT4 is popular, finding trading opportunities and executing your trades is just really straightforward when using this platform. Lime Fx offers a total of 38 FX pairs, which is a decent amount of currencies, but less than some other major brokers.

I also recommend traders seek in-depth third-party education covering trading psychology and avoid paid-for courses. Here is a screenshot of Lime Fx quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. 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. 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.

Beginner traders get a well-thought-out introduction to trading and high-quality research, and advanced traders benefit from a trading environment supportive of manual, algorithmic, social, and copy trading. We also take an in-depth look at each broker’s commissions limefx scammers and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Lime Fx offers demo accounts across the MT4, MT5 and Webtrader platforms and for most of its trading account types.