Besides, wee see obvious evolvement in LimeFx growth and regulation, now Broker operates fully legally in Africa region too with South Africa and Kenya obtained licenses. We also saw great development of LimeFx along the ttime, before broker mainly operate in Europe and now is one of the trully global brokers with great coverage of regions. I recently opened my account scammed by limefx and was able to activate it and start earning on the same day!! And you can start with as little as 25$Really love the efficiency, customer service and quick responses from the staff. He has always fulfill my request and give good advice.Also my experience with funding and withdrawal form LimeFx has been easy for me, and I like the ease of doing business with LimeFx.
- It has created a separated site, where all instructions how it works, how to sign up are given.
- And now the company has corrected it.Broker is also constantly improving its services./ I have noticed this in my experience.
- After this your account entitled to 5$ LimeFx inactivity fee per month.
Another important point while choosing the broker and within our LimeFx Review is customer service. While trading with LimeFx we founf availabilitty of fixed or floating leverage, which is indeed a very useful tool, especially for traders of smaller size. Leverage brings an opportunity to increase your potential gains through its possibility to multiply balance in a particular number of times. Yet remember that leverage may work in reverse too, defining also your risks, that is why it’s so important to understand how to use tool smartly. However, according to applicable laws and regulations, the conditions vary from one entity to another, see our snapshot of LimeFx licenses below. Based on our Expert finds, LimeFx 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.
As well always consider overnight or rollover fees as trading costs in case you holding an open position longer than a day. This fee is defined by each instrument separately and you will see it directly from the platform or upon the opening of the trade, see below example with Cryptocurrencies. Once you ready or decided to start Live Trading you can submit for a Live account where LimeFx may ask you for confirmation of your documents including identity, residency and other proof before you start. In both cases, you will get access to myHF client area where you can manage all your accounts and finances. Also, there are LimeFx 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 LimeFx multiple parallel regulations it is considered to be safe to trade with them.
How do I manage my risk?
If the price moves the opposite direction to your prediction, the value of the US Dollar will be lower than you originally paid. Click “register” and an email will be sent to you with the activation link. After that, you will be redirected back to the LimeFx website to complete the registration process. LimeFx https://limefx.group/ provides access to trading 3 major bonds as CFDs, namely Euro Bond, UK Gilt, and the US Treasury Note. While reviewing LimeFx, we found many attractive features of the broker, and we’ll discuss them all in detail below. All information on 55brokers.com is only published for general information purposes.
- The website is operated and provides content by HF Markets (Europe) Ltd.
- The Premium account requires $100 at least, Auto and Zero-spread accounts require $200 at least, and the HF copy account requires $100 from a strategy follower and $500 from a strategy provider.
- Another important point while choosing the broker and within our LimeFx Review is customer service.
- Besides DMA access to Futures or Indices trading is not available too.
For any further clarification please do not hesitate to contact us. Access our free educational resources to improve your trading skills and strategy. On the downside, in case you’re interested in trading digital coins, you will not find any physical or coin CFDs on LimeFx’s platforms.
CHOOSE YOUR CFD FOREX TRADING PLATFORM
On the downside, there’s a $5/m inactivity fee after 6 months of inactivity, and this becomes worse and worse the longer the account remains inactive. On the other hand, traders will experience a 1 pip spread markup fee from the broker. You can access all types of assets offered by LimeFx using the Premium account.
Besides this huge offering, the spread and allowed leverage vary between different markets, which we are going to explain in a detailed manner in the following. This way, traders at LimeFx are safe if the broker files for insolvency. Particularly about scalping, there is no restriction and LimeFx range of accounts alike with Zero spread may assist you even better to trade this strategy. So in order to deposit money on LimeFx you simply need to select the payment provider of your preference, as well as the one that is available in your region, and proceed with the payment.
What Instruments I can trade in LimeFx?
In order to get started with LimeFx, there are a few steps you need to take. The registration process is user-friendly, and we’ll guide you through the entire process. Adding commodities to the watch list helps expand the trading portfolio, and there are different types of commodities that you can find on the LimeFx website. There are additional safety measures the broker undertakes, such as negative balance protection, segregation of funds, and a trader’s insurance scheme. Education is another strong point of LimeFx since the broker concentrates and puts efforts on Africa and Asia regions so its allows various traders to join in. 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.
Besides DMA access to Futures or Indices trading is not available too. Besides, LimeFx offers its trading service along with the applicable licenses in each region it operates that regulate the Forex industry, therefore delivers service trustworthily. Overall, trading Forex can offer numerous opportunities for profit, but it also carries a high level of risk of loss. Therefore, it’s important to approach Forex trading with a sound trading plan and a disciplined approach to risk management. At HF Markets, you can access a wide variety of educational resources to help you improve your trading skills. Select your preferred currency pairs and use the platform’s advanced trading tools to open, manage, and close your positions.
However, some intermediary financial companies might charge you transaction fees. PayRedeem might charge you deposit fees and crypto payments are charged with withdrawal fees of 1%. Once your demo account is set up, the broker provides you with up to $100,000 of virtual test currency to start trading and testing your trading strategies. You can turn a Micro account, Auto account, Zero-spread account, or Premium account into an Islamic account. With this type of account, you can only use MT4 for trading, and you may use USD or EUR as your account currency.
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. LimeFx offers a sufficient selection of trading platforms that can be used on various devices.
These indices cover different markets from various regions including US indices, UK indices, German, French, Australian, and more. Having access to a large number of tradable assets is super desirable for every trader, and regardless of the trader’s preference or experience, LimeFx broker has something for everyone. Additionally, LimeFx participates in a civil liability insurance program of up to €5 million, and this ensures the traders and creditors if the broker defaults and goes bankrupt. This insurance scheme protects the traders from any practice of fraud, negligence, or misconduct executed by the broker. 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.
While placing an order you should manage your risks smartly while tools like Limit Order and Stop loss orders will assist you, since they are the most basic risk management toos. 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. Also, LimeFx provides good calculators and trading journal to keep track on your performance and is highly advised by us for use too. 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.
How to open HotForex Live account?
Those who do not have a sufficient deposit size, but want to get maximum opportunities.The other types of accounts are almost the same except for the size and type of spread. For the others there are no restrictions on the minimum deposit. Additionally, the broker facilitates trading for its users by imposing a zero-fees policy on deposits and withdrawals and offering a wide range of tradable assets using several trading platforms.