HF Trading Forex Broker Reviews

In total, the broker provides around 30 cryptos and over 60 CFD pairs. Apart from being highly customizable, the MT4 comes with a myriad of tools and functionalities to enhance user experience. LimeFx is a newish broker that is only available for clients in New Zealand and Australia. The broker launched in 2019, and it seems to pay more attention to the quality of service rather than expansion into new markets.

Most competitors offer the likes of Zulu Trade to enhance the social trading experience. Moreover, the LimeFx mobile MT4 appears to be the easiest way to access the demo account. All that is needed to access the LimeFx demo account through the mobile app is to download the MT4 and link it to the broker. After downloading the MT4 app, traders can search for LimeFx through the broker search box and link it to the app by registering an account. The mobile MT4 comes with nearly all the features available in the desktop and web versions.

Traders Reviews

Individuals not familiar with programming have the choice to learn and build their EAs from the MQL4 IDE development environment, or download, rent, purchase, and order robots from the Codebase. A forex account is a trading account held by a trader with a company like LimeFx, that is issued with the primary purpose of trading through its platforms. To be on the safer side, the minimum withdrawal amount starts from 100 AUD, where there are no fees applied.

The forex brokers listed in this review offer deposits from local South African banks directly to your account. The Financial Sector Conduct Authority is the government body that regulates the activities of forex brokers and other financial service providers operating in South Africa. HF Markets offers ZAR as account currency and allows deposit and withdrawal via South African local banks via EFT. It also allows debit card deposits and other alternative options like e-wallets for funding MyHF Account & trading via their app.

#3 LimeFxGO – Good Forex Trading App for Fixed Spread

There is a prominent link in the top menu bar to the account opening and logging in options, so it is difficult to lose track of where you need to be. As outlined above, the usability of the platforms is at a basic but satisfactory level. MetaTrader 4 is a well-established platform and is relatively easy to use.

• Online derivative trading is highly speculative involving a substantial risk of loss and therefore is not suitable for all investors.
• This platform comes with powerful technical analysis tools comprising 30 built-in indicators, 2000+ free custom indicators, and 700 paid ones.
• You have negative balance protection with this account, which means you cannot lose more than the amount of money in your trading account.
• The LimeFx platform user interface is very comprehensive, which presents the traders with the required information about the market movements and offers the traders to make data-driven decisions.
• Visit HF Market’s official website and create a new live trading account if you haven’t already.

This process places importance on the things we know matter most to traders. Below you can see how LimeFx scored in each of our high-priority categories. The broker is based in New Zealand and is operated by a firm called CTRL LimeFxs Limited. This firm is, in turn, an incorporated company in New Zealand and also a registered foreign company in Australia. LimeFx offers a respectable and fairly standard array of payment methods for traders.

Trading Environment

You can get a forex trading education by attending seminars, taking online courses, reading books, and watching videos. It is important to keep up with the latest trends in the forex market to stay ahead of the competition. Real and legitimate trading companies bear enormous operating costs, which, among other things, include advertising, salaries, offices, customer support, licenses, legal services, billing, dealing, and so on. The trading platform is essential as you can’t execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.

LimeFx offers a variety of forex trading pairs – there are almost 50 in total. Major, well-recognised currencies such as the US dollar and British pound are represented, while less well-known ones such as the Mexican peso and the Norwegian krona are also there. Spreads as low as 16 points are available, though this rises as high as 1,000 points for some pairs. This LimeFx forex review will share more about the trading conditions on the platform. As this LimeFx review will show, the broker permits the trading of a range of asset classes.

Return On Free Margin

Spreads and leverage are decent, the process of withdrawal is quite fast and stress-free. I was looking for a decent broker that’s available in Australia for a while and I’m glad I’ve finally found it. LimeFx has an amazing work ethic and approach towards customers. Be aware, AU company has been imposed with trading leverage limitations by ASIC since the end of March 2021. As we wind up our unbiased LimeFx Brokerage Review, we would like to let our readers know that the brokerage is legitimate despite some inconsistencies on the website.

Yes, all of the details mentioned in our LimeFx review indicate that this is a trustworthy forex broker. First off, it features two comprehensive licenses from the ASIC and FMA of Australia and New Zealand, respectively. In addition to that, LimeFx has a transparent pricing structure and has gained popularity in the industry. LimeFx was established in 2019, and it has headquarters at Level 13, 1 Albert Street, Auckland 1010, New Zealand. LimeFx accepts traders from both Australia and New Zealand, yet due to regulation, it does not extend its services to the US, Europe, or the UK. Follow along in this LimeFx review to find out every important detail about this forex broker.

Those financial watchdogs have mandated stringent guidelines for all their members to ensure client privacy and the security of deposits. LimeFx is the trading name of CTRL LimeFxs Limited, a New Zealand based multi-asset forex CFD broker, incorporated in 2019, following the acquisition of MahiFX. Before being sold-off, MahiFX, founded by David and Susan Cooney in 2010, was a well-renowned CFD brokerage in New Zealand and Australia. The multi-regulated, multi-asset broker was supervised by the Financial Conduct Authority , the Australian Securities and LimeFxs Commission , and the New Zealand Financial Markets Authority .

This bonus is available to all clients using Premium and Islamic accounts. Traders can choose to use the cash from this bonus for trading or withdraw it to a bank account. Swap fees differ with traded instruments and pairs, account type, trade size and whether your swap is long or short . Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.

They can create a trading strategy by using the economic calendar. The trader can make the right decisions before they invest their money in trading. This is ideal if you are also offering education or another trade related service such as signals. All of the banking products offered on this website, including bank accounts, payment services, foreign exchange, card services, deposits and precious metals are offered exclusively through Euro Pacific Intl.

To access the offerings, you have to create a client area log in by filling out a simple to complete account opening form. Once your LimeFx brokerage account is open, go to the client area to view your profile, to deposit/withdraw funds, download trading platforms, or connect with the client helpdesk. The https://limefx.name/ HF Markets app has a 4.0-star rating on the Google play store and 3.9-star on Apple App Store. In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one.

Our reviewers found it to be a great choice if you’re looking to diversify your portfolio, thanks to fair fees across all CFDs. LimeFx provides over 750 tradable instruments in spot forex and CFDs in stocks, indices, commodities, and crypto. The broker offers over 45 forex currency pairs, including all the majors, most minors, and a few exotics.

The good news is that clients with Gold and Platinum Accounts are eligible for a 25% and 50% discount on the swap charges correspondingly. Secondly, if the trading account is inactive for more than 60 days, be prepared to pay an inactivity fee, ranging from A$ per month, depending on how long the account has been inactive. LimeFx could also charge clients a withdrawal fee limefx of A$50 if the trading activity is low or the withdrawal amount is less than A$100. LimeFx offers a good trading environment for most types of traders, from beginners to more experienced ones. It is always possible to sustain a loss of some or all of an initial LimeFx. LimeFx uses sophisticated technology to ensure that clients’ data and funds are always secure.

Clients who join this program will get some advantages, such as 60% of Net Spreads based on the volume traded by sub-clients, up to $15 per a lot of net revenue, and many more. More information about HF Markets can be obtained on their official website which is supported in 27 languages. Traders do not need to worry about transaction fees when https://limefx.vip/ depositing and withdrawing. Transaction fees are not charged, and diversity of payment methods enable them to choose between Wire Transfer, Bank Card, and online payments . HF Markets ensures that traders make fast transactions 24/5 during the standard hours. There are many forms of bonus packages offered by various brokers in the market.

LimeFx is a reliable broker with whom I have been working for about a year and a half. I like to trade, thanks to the training materials, I learned new tricks in trading. If you want the fastest response possible, we recommend choosing live chat or phone support as you can get through to an agent within seconds. If you want more detailed answers, however, then it’s worth waiting for an email reply. Identity verification is part of the KYC process, which is a requirement with all well-regulated brokers.

LimeFx Summary

Before deciding to trade Forex or any other financial instrument, you should carefully consider your LimeFx objectives, level of experience, and risk appetite. I have been trading with this broker for a long time and have never had a problem until now. I can say that they are indeed regulated by the FCA and not fake claims. There is no problem at all except the ID card or some bank account information is incorrect or has been updated. But don’t worry; if there is an ID or something wrong with your documents, it will be processed as soon as you correct the information. All in all, Return on Free Margin offers a great opportunity to earn returns from your free margin.