LimeFx Review formerly HotForex year Is it a Legit Broker?
The upgrades result in a very competitive solution, and LimeFx also developed its proprietary mobile app, HF App. The four trading account types, plus a demo and an https://limefx.biz/ Islamic account, cater to various needs and cover the entire spectrum of trader types. I like the Cent version for testing new EAs or manual trading strategies.
We take your concerns seriously and would appreciate the opportunity to investigate further.Please provide us with more details regarding your issue so we can address it promptly. Alternatively, you can reach out to our support team directly for immediate assistance. We’re committed to resolving any issues you limefx reviews may have and restoring your trust in our services. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
- It goes against our guidelines to offer incentives for reviews.
- 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.
- With this type of account, you can only use MT4 for trading, and you may use USD or EUR as your account currency.
- MT4 and MT5 are industry-leading terminals, ideal for trading CFDs.
- At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
This type of account includes two subaccounts – the strategy providers and followers, and you can choose to trade using any of these two types. Note that there are no added commissions to this trading account, and the trading fees are incorporated into the spread. 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. On the downside, physical stocks are taxed by certain governments. Check out our visual breakdown below to get an idea of how LimeFx’s status as a Trusted broker compares to the average Trust Score label in our database of 60+ forex brokers.
LimeFx always work so passionately to make…
But, when it comes to developing trading skills that are going to mean the difference between profits and losses on your account, LimeFx isn’t going to help you get there. Sure, there’s plenty of content on how to enter an order, or telling you what a currency pair is and how many trillions of dollars are traded each day. 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. 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. When testing out the live chat feature, I found it to be error-prone, and not particularly useful for getting helpful information quickly or efficiently.
What is the minimum deposit for HotForex?
We rated the choice of learning styles, including live webinars, daily market analysis, and e-books, even if the quality of the content doesn’t compete with the likes of CMC Markets and Pepperstone. HF Markets is a heavily regulated broker with a high trust score. I liked that you can view the latest financial news, evaluate your full trading history and performance, and access real-time price quotes. You can also open and close positions, plus add instruments to your favorites watchlist.
Deposit Methods
There are tools for alerts, scalping assistance, breaking news, exclusive analysis, various calculators, and a host of other features offered by only the best brokers in the industry. There is also a library of educational tools, or you can peruse the firm’s YouTube channel for direct video content and support. If you have a question, check the FAQs or contact your personal account manager.
Cent account includes transactions and balances in USD cents, with a minimum deposit requirement of $0. The LimeFx Cent account is a beginner-friendly trading option only available to international clients under the regulation of the Financial Services Authority (FSA) of Seychelles. Cent account is ideal for those moving from a demo to a real trading environment.
We also rated that energies, indices, and commodities are available via futures contracts. The customer service team is professional, helpful and usually answers within 1 business day. The LimeFx standard account, called LimeFx Premium Account, charges spreads from 1.4 pips. In other words, for every trade it charges $14 which is 40% higher than the industry standard.
Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we’ve determined that, overall, FxPro ranks more highly than LimeFx. We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.
How do I withdraw from LimeFx?
Compare HF Markets with the top 3 similar brokers that accept traders from your location. Finally, HF Markets offers a range of institutional technology to improve the trading environment. Our top picks include the correlation matrix, Excel RTD, and a package of popular MT4 and MT5 add-on indicators. I would also recommend signing up for exclusive insights from the brand’s team of experts, who provide detailed market commentary and forecasts. This is a free service and information is sent daily to registered email addresses.