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 limefx website 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.
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.
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.
Overall, LimeFx is a well-established customer-oriented broker with secure, regulated trading environment suitable for almost every trader. I am a client of this broker who has tried to trade on every type of account that this company has.And I think that such experience will be useful to other traders. Therefore, I will describe it in my review.Most likely you know that broker has only 4 types of accounts. There are 3 main accounts and 1 auxiliary account (CENT).CENT account is useful for beginner traders.
Another great aspect is that it doesn’t have a minimum deposit requirement making it favorable amongst newbies. There is a reason why foreign exchange, or forex, is the largest financial market in the world; It allows trading on currency fluctuations. Go short or long on Forex CFDs, take advantage of the superior trading conditions offered by HF Markets and become an active forex trader in the global markets. However, other types of accounts include different deposit requirements. 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.
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.
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.
MetaTrader 4 and MetaTrader 5 are compatible with your PC, Android, and Apple devices. There are no limitations on the financial markets that an Islamic account can access, with a changing spread that starts from 1 pip. However, if you join this type of trading as a strategy follower, you need to deposit $100 at least and start copying the strategy provider’s trading tactics for a fee. You can either use the previously mentioned Premium account, or an additional Premium Plus account with a smaller spread starting from 0.4 pips, but with a fixed commission of $8 on a round-turn.
How do I withdraw money from LimeFx?
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.
- LimeFx processes withdrawal requests on the same business day, but on some occasions, the providers of different payment methods may prolong the processing time of transferring money to your personal account.
- Alike Wire transfer will take 2-10 working days, also depending on your bank and international policy processing, while ewallets will load the request Instant.
- As well, LimeFx pricing is one of the lowest rates in the industry.
- If your prediction is correct and the value of the US Dollar does increase, you can sell your US Dollars for more Euros than you originally paid.
- Besides broker issue its very own LimeFx MasterCard for a straight transaction and the ability to make safe online payments.
- 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.
You may only use US Dollars for this type of account, and if you are a provider you can get up to 1000 followers. Also, the trading instruments are limited to Forex, indices spot, energy, and gold spot contracts. Bonds are financial instruments issued by different entities such as governments or corporations and enable investors to lend money to the issuer. Generally, bonds are viewed as safe investments and are characterized by low-risk, low-reward ratios. As a result, not many brokerage firms offer bonds in their portfolio.
Getting started on LimeFx – Main steps
LimeFx supports both MetaTrader 4 and 5 platforms, which are the most popular ones. LimeFx also has its own mobile app that has won awards https://limefx.club/ for its design and functionality. We have created a mobile experience specifically tailored to the needs and demands of our traders.
Leverage
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.
Elevate your trading with the HF Markets MT4 Platform
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.
Markets
That’s convenient and even rookies won’t spend much time sorting things out.but, other conditions are slightly above average. 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. Before trading, study basic forex strategies and learn how to analyze currency markets properly. Then, open an HF Markets Live or Demo Account and choose your trading platform. Our exclusive trading tools will help you take your trading experience to the next level.
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.