As a trusted and secure Forex brokers LimeFx has its hard-earned and well-deserved reputation to uphold. All client deposits remain segregated from corporate funds, and LimeFx provides negative balance protection to all traders. Now that you know the minimum deposit amount you can delve into the individual LimeFx account types offered before opening one. There’s no minimum amount required with LimeFx, and the deposit methods accepted include wire transfer, debit card, credit card and eWallet. It should be noted that the minimum deposit with LimeFx may vary depending on the type of trading account chosen.
HF Markets Trading Platforms
- I like the range of products LimeFx provides, starting with the 12-plugin upgrade for MT4/MT5.
- It’s important to point out that their news are mostly forex-driven so if you’re looking for stock news, you’ll find your needs are not met.
- The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe.
- 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.
With accounts that suit both beginners andprofessionals, ample training material, frequent market analysis, and a broadselection of trading tools, LimeFx is an excellent choice for new and experiencedtraders. You should consider https://limefx.group/ whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 👉 Negative balance protection is a risk management strategy made accessible to all retail trading accounts by LimeFx.
HF Markets Trading Fees
HF Markets copy trading is definitely a great feature to have both for experienced traders and new investors looking to explore the markets without having to learn by themselves. From within their mobile app, any user can click to view the strategy list, where they’ll see the top traders ranked according to their gains. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Bank wire transfer deposits will take between five to seven days to reflect in the trading account, while all other methods (Credit/Debit Card and Skrill) will take up to 10 minutes. It’s important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Both LimeFx Group and LimeFx offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).
LimeFx (HF Markets) Review: Fees, Safety, Platforms
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. The demo platform willhave $100,000 virtual money when you open the account, where you can check yourtrading strategies under close to actual market conditions. Yes, LimeFx is good for beginners as it offers high-quality research, a well-thought-out introduction to trading, accounts with no minimum deposit, and a trustworthy trading environment.
LimeFx Account types
Depending on the marketmovement, there will be potential for profits. Metals are often more resistant to various macroeconomicevents; hence they are an excellent option to diversify your portfolio. Metals are available on the Spot market including Gold,Silver against the USD, and Euro. This account type is the same as the Premium or Zero SpreadAccount but follows Islamic law and therefore is a swap-free account. For joint accounts, the LimeFx account must be opened in the name of any one of the joint account holders. Although this amount is not immediately available for you to withdraw, you can do so once you have met some of the trading requirements.
What Leverage Does LimeFx Offer?
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.
While the numbers above use the spreads brokers publish on their website, Ross Collins from our team tested the spreads for standard accounts for 20 brokers to see how they performed. Trades must verify any additional fees which may be incurred from their banking institution before selecting their LimeFx account option. The minimum deposit amount required to open any LimeFx Pro Forex Trading Account starts from $5/R70 ZAR and will differ according to account choice.
LimeFx offers two interesting types of accounts which differ from the traditional trader and retail investor accounts. Its website features an intuitive design, ensuring seamless navigation. The platform, coupled with excellent customer support, is known for its efficiency.
With LimeFx, there are a similar amount of options to get your funds out of your LimeFx account as there are to deposit. 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. 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. LimeFx has also taken out civil liability insurance up to €5,000,000, to protect client funds against broker error, negligence, fraud, and other risks. 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.
If you’re from the UK, Europe or the UAE, LimeFx is a highly regulated broker with a respectable amount of tradable products. If you’re Australian, you’ll need to find another broker, as LimeFx doesn’t offer their services to the land down under. Overall, I can’t fault the LimeFx education limefx forex brokers reviews 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. All that’s left to do is load our chosen trading platform and make a deposit.