Overall, I can’t fault the LimeFx education resources, but make sure to take your own trading success into your hands, and educate yourself. It’s also a good idea to master your strategy on a demo account before switching to a live account. LimeFx offers a reasonably in-depth educational platform suited for reasonably new traders. As a strategy provider, you can trade your strategy and earn additional revenue by allowing people to copy your trades. 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.
Account Opening
For instance, in Europe and the UK, LimeFx offers its Micro,Premium, and Zero Spread only. The reason for these subdued levels of leverage is the regulatory bodies that govern brokerage firms in the UK, EU, and UAE have strict limits on how much leverage is allowed. LimeFx is a safe broker, considering they are regulated by top-tier financial authorities. However, different payment channels require certain amounts ranging from $5 to $100. There’s also an economic release calendar, which can be useful for knowing when to expect market volatility and changes in spread sizes.
How much do I need to start trading Forex?
23 indices and 34 ETFs covering US, European and Japanese markets are available. The broker also offers negative balance protection, which protects you against going into https://limefx.biz/ debt in times of a losing trading position. The safety of a forex broker has a lot to do with what government regulator is issuing the company a trading licence.
Customer Service
All content on ForexBrokers.com 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. There are nolimits on commissions or on how to manage your business. HF Affiliates is oneof the leading Partner Programs in the industry featuring competitivecommissions, marketing tools, and exceptional support. Metals are often more resistant to various macroeconomicevents; hence they are an excellent option to diversify your portfolio.
Trading and Investment Tools
We must warn you, that some of the digital wallets have hefty fees and currency conversion spreads. Most traders should be electing to use wire transfers or credit/debit cards to deposit, depending on how much they’re transferring. Since 2010, HF Markets Group has empowered traders to pursue opportunities in the financial markets.
Trading Platforms at LimeFx
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. There are also energy commodity products, both spot contracts and futures contracts, which allow you to speculate on the price of crude and Brent oil. Soft commodities, such as cotton, cocoa, and sugar are also available. For the EUR/USD pair, LimeFx has a spread of 1.2 pips, which is lower than the industry average of 1.35. However, from this point on, LimeFx was wider than the industry average. For example, the GBP/USD pair has a spread of 1.9 for LimeFx, compared to the industry average of 1.68.
What is the minimum deposit at LimeFx?
Forinstance, traders achieve excellent execution speeds through their premium MT4and WebTrader platforms. When you get to the next step, it’s time to choose which account type you’d like to open. It’s important to pick an account type that matches your trading experience and strategy, so make sure to read the above section on account types. 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.
- LimeFx offers different types of accounts to its clients tosuit a wide range of trading strategies.
- We must warn you, that some of the digital wallets have hefty fees and currency conversion spreads.
- The AUD/JPY pair sees a spread of 2.8 for LimeFx, while the industry average is 2.31.
- Please check your email for the login Account ID.For any further clarification please do not hesitate to contact us.
LimeFx has added the new and updated version of MT5 boastsstate-of-the-art features including options for hedging, while MT4 is slightlyless advanced and more suited to traders who are new to the markets. LimeFx offers different types of accounts to its clients tosuit a wide range of trading strategies. Based on regulator requirements, thereare different account types for each region. The leverage that LimeFx 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.
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. The HF Markets Group has won a number of industry awards, including best stock broker, best trading platform broker, and best forex trading app. The three most attractive tools offered to traders are thePremium Trader Tools, the Autochartist tool, and VPS Hosting. Forex tradersalso get a range of different calculators, which will help them determinecritical aspects of each trade. The platform is packed with a series of helpfulfeatures to enhance the trading platform, allow for a quick and simple overviewof the Forex market, and customize how you trade.
Should shares CFD shares be your preferred trading instrument, LimeFx offers a total of 96 shares to choose from with MT4 and 846 with MT5. MT4 shares are derived from NYSE, NASDAQ and EURONEXT exchanges while MT5 also include stocks from exchanges in Spain, The UK, Germany, Ireland and the Netherlands. MT5 has more shares since it is designed to enable trading via decentralised exchanges. This type of account is certainly for more advanced traders, and if you’re just getting started in the markets, could be a good thing to strive for in the future. All accounts come with a personal account manager, which is just a fancy word for a customer service agent.
Limit and stop levels start from 2 pips, and traders canbegin trading with as little as $100 for the minimum deposit. In addition tothe usual trading conditions, they can be scammed by limefx further improved with the variousbonuses offered by LimeFx. LimeFx offers a total of 38 FX pairs, which is a decent amount of currencies, but less than some other major brokers.