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LimeFx: Forex, Bitcoin, Gol Apps on Google Play

LimeFx forex broker
LimeFx forex broker

One downside to trading with HF Markets is that they charge account inactivity fees after 6 months, but you can avoid this if you withdraw all funds, leaving your balance at zero. Although each account type has a required minimum balance, they are $5 or R70 for Micro Accounts, $10 or R140 for Premium Accounts, and $200 or R2,800 for Zero Spread Accounts. You can convert your Micro, Premium or Zero Spread Accounts to Islamic status and the same features and fees will apply except for the swap fees. This account also requires a minimum trade size of 0.01, a maximum of 60 standard lots per position, and 300 maximum open orders.

Traders can request for the bonus to be released after meeting the volume requirement within 3 months. It is important to note that not all trading instruments count towards the volume requirements. HF Markets offers some of the tightest spreads in the market, starting from 0 pips in Zero Account. This broker quote major foreign exchange currency pairs to five decimal places. Therefore, traders have the opportunity to get more accurate pricing and the best possible spreads.

HF Markets Ltd, authorized and regulated by the Dubai Financial Services Authority under license number F004885. HF Markets SA , is authorized and regulated as a Financial Service Provider by the Financial Sector Conduct Authority in South Africa, under license number 46632. No, I’m not considering suicide, but it’s really annoying to realize that, with this broker, destiny loses it’s meaning and success becomes at hand if you look for the easiest ways to make money.

According to the legal documents section of the broker’s website, a verification bonus of $20 AUD can be accessed. However, this bonus is contingent on a number of factors, including the completion of an eligibility questionnaire and the provision of Know Your Customer information. In terms of card payments, major methods of payment such as Visa, Mastercard and Maestro are all accepted.

The return is calculated based on daily free margin and monthly trading volume, so it’s particularly suitable for active traders with medium spending. The client must be above 18 years old or of legal age in their country of residence to participate in this program and has opened a live trading account with HF Markets. In addition, the program is only available for free margin in a Micro, Premium, Auto, Zero, Premium, HFCopy, and Islamic (swap-free) trading account. This program does not apply to any PAMM account or archived trading account in HF Markets. We want to remind readers that many illicit brokers have no intentions of paying you back.

This account type supports only USD as the account currency and requires a minimum deposit of $300 for strategy providers and $100 for followers. So many features When I visit HFM website, my eyes diverge from the myriads of different tools and instruments. It’s like the broker decided to provide to its traders everything that is available on the market at the moment. ASIC is a top-tier broker that has earned global recognition for adopting stringent broker regulation standards. All ASIC regulated brokers must have at least $1 million in operating capital and must work with tier-one banks for keeping client deposits in a segregated account. It is worth noting that LimeFx updates rollover fees weekly on all its trading platforms.

select the type of account you would like to open

These regulatory bodies have strict guidelines for their brokers and they should keep their client funds segregated and the funds should be used only for trading activities. This broker is authorized and they are safe to trade since it is highly secured. As per our LimeFx review, this platform offers 20 various cryptocurrencies as CFDs, that can be traded in Euros, British pounds, and US dollars. One of the biggest advantages of CFD over the cryptocurrencies is that the trader need not look out for risk of storage, which implies they need not worry about storing the cryptocurrencies in a wallet.

Cryptocurrency – Emirates Business 24/7


Posted: Fri, 03 Mar 2023 11:07:13 GMT [source]

You need to select a forex broker that you want to trade with then create an account on their platform via their website. After you have created an account and completed the KYC, you will receive an email from the broker regarding the login details & app download link. You can download the Forex broker’s app from the Apple App Store or Google play store, and use the credentials to log in. LimeFx, LimeFx, HF Markets, and LimeFx all accept ZAR deposits which are converted to the USD for brokers without ZAR as account currency.

Besides, it also offers Islamic swap-free accounts for trading. HF Trading offers the MT4, WebTrader and Mobile forex trading top platform. offers over 45 forex currency pairs, cfds, commodities, stocks, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal LimeFx and trading options. Silver account while intermediate and experienced traders can go in for gold and platinum accounts. Even though this platform offers different account types, the trader can access several products from LimeFx.

Learn Forex Trading

Spreads start from 1 pip and you pay swap fees whenever you keep a trade position open past the market’s closing time. The ROFM program offered by HF Markets can be a great opportunity for traders to earn additional returns on their trading activities. However, as you mentioned, there are certain conditions that need to be met in order to qualify for the program, such as maintaining a certain level of free margin. Only major banks are used by Markets because they believe that successful traders have to give their full attention to their trading rather than worrying about the safety of their funds. If traders have more experienced, knowledgeable, and sophisticated trading environment, they can join to become Professional Clients, who can manage and assess their own risks.

In all fairness, nearly all brokers provide a dedicated account manager. All LimeFx users are required to go through identity verification by uploading a scan of their government-issued ID cards. The minimum deposit required to trade with this broker is $100. LimeFx appears popular with users given the excellent ratings on most independent consumer feedback platforms. Yes, our review of LimeFx confirms that the broker is regulated by the ASIC and NZFMA .

Gold account

Moreover, the broker’s educational centre is well-equipped to cater for a beginner as well as the expert traders. The minimum deposit at LimeFx is just $250, which is in line with other similar brokers.This makes the broker highly accessible, as even beginners can afford this small minimum LimeFx. It also gives you limefx the chance to try out the financial service provider before committing a lot of money. In this section of the review, LimeFx fees will be looked at in detail. The broker’s fees tend to vary depending on the account type the trader has opened. There are no commissions levied on traders, regardless of account type.

As would be expected, the spreads are the tightest on the Platinum account, starting from 0.7 pips on the popular EUR/USD pair. Following that, spreads move up to 1.3 pips on the Gold account, and 2.2 pips on the Silver account, for the same pair. Also interesting to note is that the broker does not charge commissions on any of the account types, and instead makes all of its revenue through the spreads. On the product front, the brokerage has covered all the major asset classes, with the LimeFx stocks and the cryptocurrencies range standing out.

  • So, while you stand to benefit from zero commissions, our Review of LimeFx threw up some interesting facts, indicating that LimeFx is somewhat expensive when it comes to client trading costs.
  • The trader can make the right decisions before they invest their money in trading.
  • Really good quality of services, fast execution, transparent trading conditions, it’s a great broker overall.

With this, you can determine if the trading fees are high or low. You can also determine the CFDs you will trade that will not cost you too much money. A trader should check for brokers with low spreads or at best zero spreads to protect their LimeFxs. All this information can be got from the broker’s website and you can check them yourself. A trader wishing to register with any broker should make proper enquiries on their charges and commission. This information is either found on the broker’s web page or you can contact their customer care platform to get authentic info on trading fees.

Smart Trading

As explained earlier, this broker provides variable forex spreads that depend on the pair traded and the type of the trading account used. Plenty of newbies to the foreign exchange market don’t really know who introducing brokers are and what benefit they may bring to the table. You can’t really blame them because most cursory explanations regarding foreign exchange don’t feature descriptions of more advanced elements such as futures and introducing brokers. Education Types of CFDs and CFD trading examples Milan Cutkovic Contracts for difference are popular assets for traders globally as they provide a way to access a wide variety of financial markets. The main priority should be to ensure that new introducing brokers are dealing with a reputable and regulated broker.

All this comes with the ASIC and NZFMA regulations that mandate ample capital requirements, regular audits, appropriate risk management policies, client and data privacy. As per our LimeFx review, it is considered as one of the most innovative online brokers which employs experienced professionals to help the traders to stand out from the crowd. LimeFx helps every customer to develop their trading skills to maximize their profits from trading. It provides cutting-edge technology with the latest analytical trading tools by ensuring that their client’s trading performance always ends up in profit. This broker offers its traders commission-free trades on over 350 CFD instruments which cover commodities, cryptocurrencies, indices, and several more. It offers three types of accounts for its traders, such as gold, platinum, and silver accounts.

This broker adopts the STP model and hence charges variable spreads with zero commissions. Withdrawals are also free but may incur a fee if the amount being withdrawn is below 100AUD. When compared to other brokers, LimeFx’s fee mechanism can be termed quite transparent. LimeFx is an STP broker founded and headquartered in New Zealand.

LimeFx forex broker

All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

LimeFx does not offer ZAR as an account currency although they support local funding/withdrawal methods i.e. LimeFx allows deposits/withdrawals via cards e-wallets crypto (Bitcoin, Ethereum, Litecoin, Tether USDT and Dogecoin). The LimeFxGo App allows traders to view trades at a glance, see live prices and create one’s watch list. This feature allows a trader to protect their LimeFx against losses up to one million USD in exchange for a Hedging fee. For iPhone users, the HFM app is available on iOS devices in the apple store.

Even so, LimeFx has expressed an intention to expand in other markets. This is clear from the broker’s regulation by both the NZFMA and ASIC, and the strong reputation of its parent company. Client fund protection and security measures provide even more confidence for Australian and New Zealander traders. The broker offers the standard desktop package of MetaTrader 4, which in fairness does offer benefits such as price chart analytics and the capacity to set stop losses for risk management purposes. LimeFx describes MetaTrader 4 as a ‘suite for the privileged’, and while it does pack some good features, it’s still only standard-level provision. There is no sign of the new version, MetaTrader 5, which is slowly becoming more common in the broker world.

This broker offers a mobile trading app that is available for Android and iOS devices. This broker offers commission-free trades which means no fees for deposits, no additional commissions or any hidden fees. This is considered as a major factor when compared to other online brokers who charge an exorbitant amount for trading and several hidden charges from the trader. One of the major advantages of this platform is, it offers more than 350 trading instruments and various CFDs and assets such as currency pairs, Forex, cryptocurrencies, precious metals, energies, stocks, etc. This trading platform offers several trading products for trading. By offering more than 750 assets through platinum and gold accounts, it offers a variety of assets for the trader’s benefit.

The LimeFx MetaTrader 4 WebTrader platform allows for browser-based trading, real-time price quotes, viewable trading history, 30 built-in technical indicators, and one-click trading options. The bonus usually compensates traders for choosing a certain broker, since once limefx scam the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader. The minimum deposit amount to open an account with LimeFx is $250.

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