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. We think LimeFx’s (also called HF Markets and formerly Hot Forex) offering is typical of a broker using an electronic communication network (ECN) with no dealing desk execution model. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. LimeFx does not offer services to residents of certain jurisdictions, including the USA, Canada, Sudan, Syria, Iran, North Korea and others.
- Depending on the market
movement, there will be potential for profits.
- Each piece of software may not cost that much, but it can add up to large sums.
- Metals are often more resistant to various macroeconomic
events; hence they are an excellent option to diversify your portfolio.
- Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
- In the sample below, we can see that LimeFx isn’t the best choice for spread-only trading given most other brokers perform better.
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. Our technology collected data from the websites of 50 different brokers so we think this sample size provides a fair base to calculate industry averages. Overall we like LimeFx’s offering since they have all the essential features one needs to trade successfully. However, we feel there are other brokers out there that have more variety in their offerings and lower spreads as well.
In the worst cases, a lack of technical support can mean that the broker will face fines and bankruptcy. White label solutions provide start-ups with the top-rated technical support that they need without hiring support staff, which is cost-effective and ensures high quality of service. It may be hard to imagine, but many top-rated https://limefx.name/ forex brokerage firms initially started as white labels. 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
About this app
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 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.
You will find 9 timeframes ranging from one minute bars, all the way up to monthly bars, which meant we could see trends down to the seconds or over multiple years. To help you make use of these charts, you can open up to 99 simultaneously and create chart templates. With LimeFx, there are a similar amount of options to get your funds out of your LimeFx account as there are to deposit. HF Markets Ltd, formerly Hot Forex is a forex, stocks, and CFD broking company owned by the HF Markets Group.
- The research covers technical as well we fundamental analysis, comes daily, and
features weekly insights as well as monthly, quarterly, and annual outlooks.
- 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.
- LimeFx offers an extensive range of over 150 tradeable assets
to its clients.
- White label solutions provide start-ups with the top-rated technical support that they need without hiring support staff, which is cost-effective and ensures high quality of service.
- By trading Forex CFDs, individuals can buy and sell currencies with the aim of making a profit from the difference in exchange rates.
- The LimeFx customer service is always ready to assist clients throughout the week.
For the best trading conditions, flexibility and reliability LimeFx offers to its traders. Select your preferred currency pairs and use the platform’s advanced trading tools to open, manage, and close your positions. Forex trading also offers several other advantages, such as leveraged trading, high liquidity, low transaction costs, and the ability to trade 24 hours a day, five days a week. You can choose between the MT4 and MT5 platforms and the LimeFx App to start trading Forex. Forex, short for foreign exchange, is a decentralized global market where currencies are traded.
LimeFx is a multi-asset forex broker offering a range of forex pairs and commodities. From the choice of accounts, traders can access CFD trading services with the right spreads and unrestricted liquidity. The main trading products available include forex, energies, metals, indices, shares, bonds, commodities, DMA stocks, ETFs, and cryptocurrencies. LimeFx, previously known as HotForex is an online broker owned by the HF Markets Group. The broker offers a wide variety of account types, high-quality software, and a wide selection of trading assets.
It saves a lot of time
There are no commission costs and you can even buy fractional shares from $5
Another way to trade shares CFDs is with indices and ETFs. 23 indices and 34 ETFs covering US, European and Japanese markets are available. MetaTrader5 (MT5) like MT4 is another platform that is commonly available with Forex brokers and one we are very familiar with.
LimeFx (HF Markets) broker service review. See the comparison of account types here.
The safety of a forex broker has a lot to do with what government regulator is issuing the company a trading license. As a strategy provider, you can trade your strategy and earn additional revenue by allowing people to copy your trades. As an aside, while we haven’t physically tested the spreads ourselves with HF Markets, we have tested RAW spreads with other brokers like Pepperstone, IC Markets, and Fusion Markets. Our results are really interesting and overall we can say there are brokers with spreads that are lower (at least according to our results). For the EUR/USD pair, LimeFx has a spread of 1.2 pips , which is lower than the industry average of 1.35.
LimeFx (HF Markets) Review
White label solutions take care of the technical side of things, and this provides the new brokerage with the time and freedom to focus on building a prosperous and stable business. There are many issues to consider and address, such as setting up the trading platform, connecting payment systems, developing retail investor accounts, determining to price, and many more. HF Markets provides all the tools and services needed for clients of any level to realise their trading ambitions. LimeFx is a unified brand name of the HF Markets Group which encompasses global licensed entities. Offers various accounts, trading software and trading tools to trade Forex, Indices and Commodities for individuals and institutional customers. They provide
lucrative programs without standing support and advanced technology.
Meanwhile, the pro account requires a minimum deposit of USD $100 or a similar amount in another currency. 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. LimeFx offers two interesting types of accounts which differ from the traditional trader and retail investor accounts. Forex brokers often offer different account types, to match different styles of trading, regulatory requirements for certain countries, and your desired trading instrument. 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 perform.
However, Finance Magnates inquired about the details with Chrystanthos Kanari, the Head of Marketing at LimeFx. MetaTrader 4 supports automated trading through the use of Expert Advisors (EAs) and custom indicators, which can be written in MQL4, a programming language. EAs and custom limefx reviews indicators allow traders to automate their trading strategies, test them using backtesting, and execute them in a fully automated manner on the platform. Use MetaTrader 4 to its full potential with LimeFx world-class trading conditions and enjoy a seamless trading experience.
The platform is packed with a series of helpful
features to enhance the trading platform, allow for a quick and simple overview
of the Forex market, and customize how you trade. 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. I am a client of this broker and I want to write a few words about how this company operates.