LimeFx will process your withdrawal within a short time and is available 24/5. Despite this, there are no deposit fees or some of the withdrawals are free as limefx scam well, which we will see in our LimeFx review further. Also, there are LimeFx entities that are registered in offshore zones alike Mauritius, SVG and Seychelles.

LimeFx offers a reasonably in-depth educational platform suited for reasonably new traders. Once you get through, you’re frantically trying to explain the problem to the employee at the other end of the line, but they’re taking their sweet-ass time and seem to not even know what they’re doing. It’s situations like these, where you realise that you want to use a broker with well-trained customer support staff, who will pick up the phone as soon as you call.

About the Editorial Team

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your https://limefx.name/ country of residence, please contact the broker directly. FxPro requires a minimum deposit of $0 before you can open an account and start trading forex. The foreign exchange or ‘Forex Market’ is the world’s largest financial market.

There are hours of webinars and recorded videos, as well as daily market analysis to keep you informed about current market movements. 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. There’s nothing more annoying for a trader than when you see a killer trade setup, you try to enter your position, and suddenly a technical error occurs. If you wish to automate your trading or build your custom indicators, MT4 allows you to build Expert Advisors (EAs) to do these. Being able to code is an advantage for building these EAs but if not, we found you can find many free or paid ones in the MT4 marketplace. ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards.

How to open HotForex Demo Account?

Designed from the ground up to suit the needs of all traders, from beginners to advanced, these are the best trading accounts in the industry. To see the full list of account types and their trading conditions, go to LimeFx Official Website. HF Markets provides all the tools and services needed for clients of any level to realise their trading ambitions. Neither have Int’l Stock Trading (Non CFD) and Cryptocurrency (Physical). AvaTrade requires a minimum deposit of $0 before you can open an account and start trading forex.

Just know that it is not the best option for stock trading, for this, you are better to use its more powerful successor MetaTrader 5. Three are aimed at beginner to intermediate traders, with a separate pro account designed for more experienced traders. Just note that some accounts are only available in certain countries. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry.

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. With LimeFx, customer service is available 24 hours per day, five days per week through email, phone, and live support. The broker also offers negative balance protection, which protects you against going into debt in times of a losing trading position.

Can I trust LimeFx?

We found LimeFx offer a wide array of tradable markets and instruments. 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. Or, you can choose to withdraw to a crypto account, or e-wallet such as Skrill or BitPay for a much quicker withdrawal. With LimeFx, there are a similar amount of options to get your funds out of your LimeFx account as there are to deposit.

Who trades Forex

Still, trading costs at LimeFx are slightly above the industry average, and its LimeFx mobile app does now support trading. At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose the most well-regulated, highly trusted forex brokers. Based on our research on the regulatory status of over 60 brokers, we’ve found that AvaTrade holds 4 global Tier-1 licenses, while LimeFx holds 2. Based on our research on the regulatory status of over 60 brokers, we’ve found that Both FxPro and LimeFx hold 2 global Tier-1 licenses. Still, trading costs at LimeFx are slightly above the industry average. In a recent revelation, experts from TU (Traders Union) have meticulously analyzed and presented their findings on the top high leverage forex brokers operating in 2023.

Unfortunately, if you are in Australia, Canada or the USA you cannot sign with LimeFx. The broker also shines when it comes to education and its global research team, which publishes a large stream of articles and webinars to keep you on top of market news. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. This review is to warn people who are thinking about open a trading account with LimeFx. I had to program a call with my “Account Manager” in order to verify my phone number because the “Automatic Verification” never worked. So, if they never resolved a minor issue like a phone verification in order I could open a REAL trading account, I dont know what this broker would do if I have an issue with a withdrawal.

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. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What about MetaTrader? How about copy trading?

At HF Markets, we offer multiple account types to suit the specific requirements of different traders. Whatever your trading strategy, level of funding or appetite for risk, there is an account to match your needs. HF Markets, also known as HotForex, is a well-established forex broker with a solid reputation among high-net-worth and institutional clients. The broker offers customizable trading solutions and dedicated account managers for large account holders, along with high-quality research materials and customer service.

The in-depth analysis casts light on the critical elements traders should consider while selecting a broker, emphasizing security, customer service, versatility, and, importantly, the best use of high leverage. LimeFx offers demo accounts across the MT4, MT5 and Webtrader platforms and for most of its trading account types. There is a reason why foreign exchange, or forex, is the largest financial market in the world; It allows trading on currency fluctuations.

This can be a good option if you have a very promising strategy, or if you’re able to find another trader whose strategy you’d like to follow. HF Markets Ltd, formerly Hot Forex is a forex, stocks, and CFD broking company owned by the HF Markets Group. In this LimeFx review, we’re going to take a deep dive into the reality of trading with LimeFx, who should be interested in this broker, and whether the marketing claims stack up in reality. 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. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.

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