Best Prop Trading Firms 2024 Reviewed by Top Forex Brokers Review TOP FOREX BROKERS REVIEW
One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check regulation and verify it with the regulator by checking the provided license with their database. LimeFx Demo account is designed to closely resemble the Liveaccount, thereby offering a seamless transition to the Live account for anybodynew and testing the market before putting in their real money.
Trading Platforms at LimeFx
For modern traders, MetaTrader 5 (MT5) offers sophisticated features that cater to their needs. With its built-in news feed, you can stay informed about global market developments, while the Market Watch window lets you quickly execute trades across numerous financial instruments. Although some instruments may charge Carry Charges for prolonged open positions, this account is not limited solely to Sharia-compliant clients.
Deposit and Withdrawal
This allows them full transparency, the ability to charge lower spreads and to focus on excellent customer service. LimeFx allows trading in a variety of markets, offering 102 forex pairs and a total of 500 tradeable symbols, which is below the industry average of 3,623 tradeable symbols. Our research led us to conclude that LimeFx is a commendable choice for traders interested in forex and CFDs.
Copy Trading
For immediate assistance, live chat allows you to connect with the company for quick resolution to inquiries. Renowned for its user-friendly interface, MT4 is a great choice for beginners and experienced traders alike. It boasts advanced charting capabilities, over 50 technical indicators to help traders analyze the markets, and even supports Expert Advisors (EAs) for automated trading limefx broker reviews strategies. Designed from the ground up to suit the needs of all traders, from beginners to advanced, these are the best trading accounts in the industry. LimeFx provides an award-winning MT4 Platform as its main trading software and its newer version MetaTrader 5. HF Markets offers a range of market research and analysis tools to assist traders in making informed trading decisions.
Is Interactive Brokers good?
These materials are perfect for beginners who want to learn forex trading. When selecting between the two platforms it is important to note that you may not have access to all instruments offered by LimeFx, depending on which platform you choose. MT4 was built for forex trading, while MT5 will is more focused on futures, stocks, and CFDs. Our Hotforex review also discovered that this broker is perfect for beginners, as they offer an excellent LimeFx demo account.
LimeFxarkets also offers Negative Balance Protection, a risk management tool that prevents customers from losing more than their account balance. It provides a safety net against turbulent market circumstances that might result in fast balance depletion. 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. MetaTrader5 (MT5) like MT4 is another platform that is commonly available with Forex brokers and one we are very familiar with.
- Please reach out to us via email or live chat to discuss your concerns further.
- Followers, on the other hand, by opening an account will be able to deposit funds and start copying the trades of their selected SPs.
- The LimeFx Trader’s Board has data on how LimeFx clients trade and a lucrative partnership program is also available.
- As a Follower, you benefit from copying diverse strategies, learning from experienced traders, and saving time on market analysis.
LimeFx offers a total of 38 FX pairs, which is a decent amount of currencies, but less than some other major brokers. Brokers like Pepperstone, IC Markets and Eightcap have about currency pairs, while CMC Market and IG have over 100 pairs. All that said, LimeFx do have the most popular traded pairs which is all most traders will need. The HF Markets Group has won a number of industry awards, including best stock broker, best trading platform broker, and best forex trading app. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
Alternatively, you can open a zero spread account with a minimum deposit of $200, or a Premium Pro account with $500. Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets.
They provide service to more than 180 countries across the globe andoffer both STP and ECN trading platforms. LimeFx is a forex and commoditiesbroker and is the brand name of HF Markets Group. In contrast, the Zero account features spreads as low as 0.0 pips on major currency pairs. However, this comes with low commissions starting from $0.03 per 1k lot. Meanwhile, the Pro account offers spreads starting from 0.5 pips on major currency pairs with no commission on forex trades.
Telephone trading is important so you don’t lose money on already opened trades during system downtime or any unforeseen circumstances. Just like Nigerian trading accounts are subject to laws of Saint Vincent & The Grenadines, any legal issues will be heard in the corresponding oversea court. However in jurisdictions where there is no government regulation (such as Nigeria), trading accounts are registered under offshore regulation; meaning under laws of foreign countries.
The lessons can be as simple as explaining basic market terms, and to advanced as learning how to build mathematical models to analyse and trade markets. When testing out the live chat feature, I found it to be error-prone, https://limefx.group/ and not particularly useful for getting helpful information quickly or efficiently. With several options for deposits and withdrawals, and low minimum amounts, HF Markets scores high in this category.
Yes, LimeFx allows scalping and places no restrictions on the strategies, however various entities and regulations may apply some conditions so you better always check terms and conditions. In order to proceed with the Withdrawal, you should access your myHF area and submit a Fund Withdrawal request. Important to consider, there is a fee charged in case you didn’t use your account and show no activity for 6 months or more. After this your account entitled to 5$ LimeFx inactivity fee per month. No, LimeFx is not a scam, we consider LimeFx a safe broker due to being licensed by several top authorities including FCA, FSCA and CySEC. Yes, the broker is regulated by FSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA.