However, mobile apps are quite handy in emergency situations like power outages and computer failures. LimeFx’s mobile versions of MT4 and MT5 provide all the necessary features for monitoring your trades effectively. If you choose to be a strategy provider, you can start by depositing at least $500, build your trading strategies, and create your followership base, where you can earn 50% from followers’ fees. You can either use the previously mentioned Premium account, or an additional Premium Plus account with a smaller spread starting from 0.4 pips, but with a fixed commission of $8 on a round-turn. Physical stocks are preferred for long-term investors as usually, there’s no leverage offered and swaps are not charged for keeping positions longer than a day.
- 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.
- If you’re Australian, you’ll need to find another broker, as LimeFx doesn’t offer their services to the land down under.
- We tested the platform with LimeFx and except for some personalised branding, MT4 with LimeFx has all the features we expect to see.
- 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.
You can trade Palladium contracts on Spot markets and a
variety of commodities like Coffee, Cocoa, Copper, Cotton, Sugar, and Soybean
Oil contracts on Futures markets on LimeFx. Traders can access the
Web Trader on any browser by just launching it and logging in with your account
details, placing trades on just a button. Traders can view their
trading activity and analyse using advanced analytical tools and charts at
LimeFx offers a wide range of tradable markets, including forex trading, stocks, indices, bonds, commodities, ETFs, energy products, and even crypto CFDs. The company offers both dealing desk and non-dealing desk trading, depending on the specific account type you choose to open. Formerly known as Hot Forex, LimeFx (HF Markets) is a forex and CFD broker that’s a good match for beginner to intermediate traders.
LimeFx Trading Conditions
When trading with leverage, keep in mind that this involves high risk. 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. It was very easy to set orders to enter and exit the market, as well as place stop-loss orders. 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.
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. The AUD/JPY pair sees a spread of 2.8 for LimeFx, while the industry average is 2.31. Established in 2010, and with more than 200 staff globally, the company is one of the top 10 retail forex brokers (by volume) in the world.
These authorities are responsible for the business conduct of financial institutions in different regions. As the broker is regulated by the top guidelines, it gives a sense of trust and confidence to the trader. LimeFx does not offer services to residents of certain jurisdictions, including the USA, Canada, Sudan, Syria, Iran, North Korea and others. We have created a mobile experience specifically tailored to the needs and demands of our traders. The LimeFx App is modern, innovative, intuitive and awarded by Capital Finance as Best Forex Trading App. You can trade both Spot market
Indices (plural for Index) as well as the Futures market.
Select your preferred currency pairs and use the platform’s advanced trading tools to open, manage, and close your positions. To see the full list of account types and their trading conditions, go to LimeFx Official Website. You find webinars, video tutorials, training videos, and courses that help beginners understand trading from scratch. Even experienced traders will find the material offered by LimeFx useful.
platforms come equipped with all the necessary tools and features a
professional trader needs to trade successfully. For instance, the MT4 trading
platform supports multiple market orders, utilizes an impressive charting
package, and various technical indicators. LimeFx provides the universally recognized MetaTrader 4 platform https://limefx.vip/ as their trading platform. The platform can be downloaded on the
desktop or used online through the MT4 web-trader platform. As well, MT4 mobile
applications are available for both Apple and Android smart devices. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
When you get to the next step, it’s time to choose which account type you’d like to open. I found the volume of research released by the analyst team to be more than sufficient for keeping most traders up to date with the latest market movements. There’s also an economic release calendar, which can be useful for knowing when to expect market volatility and changes in spread sizes. The lessons can be as simple as explaining basic market terms, to advanced as learning how to build mathematical models to analyze and trade markets. With LimeFx, customer service is available 24 hours per day, five days per week through email, phone, and live support.
Account Opening Options
The Copy account allows you to track the leading traders and
copy their trades. An advanced trader with trading experience, can become a
Strategy Provider and display their trading strategy, knowledge, and expertise
in exchange for a performance fee based on copy trades. LimeFx offers different types of accounts to its clients to
suit a wide range of trading strategies. Based on regulator requirements, there
are different account types for each region. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital.
LimeFx Fees, Costs & Spreads
MetaTrader5 (MT5) like MT4 is another platform that is commonly available with Forex brokers and one we are very familiar with. Given 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. MetaTrader4 (MT4) is the industry-standard workhorse software of the retail forex industry and is offered by many brokers so is one we are very familiar with. We tested the platform with LimeFx and except for some personalised branding, MT4 with LimeFx has all the features we expect to see. Of the accounts LimeFx offer, we think their no-commission accounts are a better choice, that said, we think there are better brokers for low spreads. By trading conditions, the company means trading with leverage, easy withdrawals, the smallest minimum deposits, and the fastest order execution speed.
CHOOSE YOUR CFD FOREX TRADING PLATFORM
They are different
from trading stocks where the parties don’t own the underlying asset but make profit/loss based on the price fluctuations of the underlying asset. Metals are often more resistant to various macroeconomic
events; 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.
A HFCopy account is a copy trading account, which allows you to sign up as either a strategy provider or a follower. This account allows you to use the HFCopy app which uses the MQL5 MetaTrader Signal network for social trading. For the EUR/USD pair, LimeFx has a spread of 1.2 pips , which is lower than the industry average of 1.35.
LimeFx offers demo accounts across the MT4, MT5 and Webtrader platforms and for most of its trading account types. In terms of trading platforms, LimeFx offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) which from our observations, are the go-to platforms for many brokers using an ECN limefx website execution model. The broker also has its own mobile trading platform called LimeFx app (for Premium account holders) which appears to be built on the MT5 platform so shares many common features. Lastly, LimeFx also have another in-house developed app but copy trading called HF Copy.
How much do I need to start trading Forex?
They provide service to more than 180 countries across the globe and
offer both STP and ECN trading platforms. LimeFx is a forex and commodities
broker and is the brand name of HF Markets Group. Still, trading costs at LimeFx are slightly above the industry average, and its LimeFx mobile app does now support trading. Our LimeFx (HF Markets) review looks at the key features this Forex broker has to offer. With ECN-like trading conditions, MT4 and MT5 trading platforms and over 50 forex pairs, see what we say about the broker.