Given that 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. The team at CompareForexBrokers have long liked the ultra-intuitive, feature-rich experience that allows you to quickly analyse markets and enter and exit trades with a few mouse clicks. With this in mind, it’s not hard to see why MT4 is popular, finding trading opportunities and executing your trades is just really straightforward when using this platform. 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. 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.
I like the Cent version for testing new EAs or manual trading strategies. My preference remains the Zero option, which I recommend to all active traders. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. LimeFx offers traders commission-free Forex trading with higher spreads, a highly competitive commission-based alternative. Like other accounts above, the premium account allows you to open a minimum trade size of 0.01 lot, a trade size increment of 0.01, and a maximum trade size of 60 standard lots per position. LimeFx generates revenue through spreads, trading commissions, overnight fees, inactivity fees, currency conversion fees and additional premium services.
Using Market Execution, the account allows you to open a minimum lot size of 0.01 lot and a maximum trade size of 60 standard lots per position. These PAMM accounts are specialised for trading in Forex, metals, oil, and indices with a minimum trade size of 0.01 lot. The LimeFx demo account is a type of trading account that allows users to experience the LimeFx service at no cost using virtual funds. In order to meet the LimeFx minimum deposit, you can use payment methods such as bank wires, credit/debit cards, ewallets and cryptocurrencies.
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. 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. With several options for deposits and withdrawals, and low minimum amounts, HF Markets scores high in this category. All that’s left to do is load our chosen trading platform and make a deposit.
- The LimeFx Trader’s Board has data on how LimeFx clients trade and a lucrative partnership program is also available.
- 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.
- The team at CompareForexBrokers have long liked the ultra-intuitive, feature-rich experience that allows you to quickly analyse markets and enter and exit trades with a few mouse clicks.
- If you’re from the UK, Europe or the UAE, LimeFx is a highly regulated broker with a respectable amount of tradable products.
No matter how volatile the market is, LimeFx’s negative balance protection is in place, which means that if the client’s account goes negative, they are not obligated to pay the broker back. The broker uses only major banks worldwide and is regularly audited by Deloitte. The client funds of the broker are held in segregated accounts as required by the official regulatory frameworks. Furthermore, the company provides additional security measures to ensure its liabilities against the customers within the insurance program of Civil Liability.
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They also make money through deposit and withdrawal fees and B-Book execution policies. The LimeFx Premium Pro account offers a range of base currencies including USD, EUR, and PLN. The Premium Pro account has a minimum limefx deposit requirement of $5,000 for Professional Clients and $500 for Experienced Retail Clients (Poland traders only). The LimeFx Premium account supports multiple trading platforms, including MT4, MT5, and the LimeFx App.
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Top Up account grants access to all LimeFx trading instruments and provides a minimum trade size of 0.01 lot. The LimeFx minimum deposit depends on the account type, which ranges between $0 and $500. Traders can deposit in USD, EUR, JPY, and NGN without internal deposit fees. Third-party payment processors and currency conversion fees may apply, and processing times depend on the payment processor. An LimeFx deposit functions similarly to online banking via myHF, the secure and user-friendly LimeFx back office, which handles all financial transactions.
Deposit and Withdrawal Conditions
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, and to advanced as learning how to build mathematical models to analyse and trade markets. For urgent technical support or inquiries, calling the company’s phone https://limefx.biz/ line would be a much quicker option, but be aware that international calling may be costly. When I did get a hold of a customer support agent, I had to suffer through slow responses and less-than-perfect comprehension of my questions. Or, you can choose to withdraw to a crypto account, or e-wallet such as Skrill or BitPay for a much quicker withdrawal.
Therefore, if a trader makes a $500 deposit into a US Dollar base account, they will receive $500. The Copy account allows you to track the leading traders andcopy their trades. An advanced trader with trading experience, can become aStrategy Provider and display their trading strategy, knowledge, and expertisein exchange for a performance fee based on copy trades. When you get to the next step, it’s time to choose which account type you’d like to open. It’s important to pick an account type that matches your trading experience and strategy, so make sure to read the above section on account types. We must warn you, that some of the digital wallets have hefty fees and currency conversion spreads.
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. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.
Meanwhile, the Pro account requires a minimum deposit of $100 or a similar amount in your base currency. 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. Multi-lingual customer support is available 24/5, and LimeFx transparently lists all contact methods on its website. LimeFx describes its products and services well, and it has plenty of videos and a well-structured FAQ section.
Dormant Account & Inactivity Fee
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). 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. ➡️ Aside from great deposit method options, there is a specified minimum deposit amount that is determined by the payment method chosen. Traders will typically be allowed to top up their live trading account from $5. Formerly known as Hot Forex, LimeFx (HF Markets) is a forex and CFD broker that’s a good match for beginner to intermediate traders. Most features on offer are quite generic for typical no-dealing desk brokers.
