The demo account can be used on MT4 or MT5 trading platforms, in a simulation of real trading scenarios. You have access to the same financial markets and real-life market conditions. One of the LimeFx Pros also is offered market range that includes 17 trading tools and 150+ trading products with access to global markets. These include Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and included for last years offering to trade Cryptocurrencies with Bitcoin, Ethereum, Litecoin, Ripple and more. This LimeFx trading account type is designed for traders who are new to the Forex market and are making their first steps.
- At HF Markets, we offer multiple account types to suit the specific requirements of different traders.
- Overall, trading Forex can offer numerous opportunities for profit, but it also carries a high level of risk of loss.
- As well always consider overnight or rollover fees as trading costs in case you holding an open position longer than a day.
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.
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. There are five different types of trading accounts to choose from. Which makes LimeFx a great destination for many different types of traders. Each trading account entails a different minimum deposit and different maximum leverage.
Premium Trader Tools
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.
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.
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.
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.
LimeFx – Forex CFDs, Gold, Stocks
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 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.
Does LimeFx allow scalping?
LimeFx offers CFDs trading services choice of 7 account types and trading platforms with tight spreads averaging EUR USD 0.1 also operating unrestricted liquidity. Which is allowing any size or profile trader choose between various spreads and liquidity providers via automated trading platforms and perform any strategy, including News trading. Spreads and commissions are variable and depend on the market conditions, account type, and markups from the broker. Spread-free accounts or accounts that promise spreads from 0 pips, give you market prices on spreads, on the other hand, they charge you for financial services using a commission. In case you are a high-frequency, active trader, you might prefer to pay less on spreads and more on commissions and vice versa.
Elevate your trading with the HF Markets MT4 Platform
Despite this, there are no deposit fees or some of the withdrawals are free as well, which we will see in our LimeFx review further. For the funds protection, which is an important part of the regulated broker, HF Markets (Europe) Ltd. is a member of the Cyprus Investor Compensation Fund. It constitutes a claim of the covered clients against investment firms. Clients’ deposits are protected under the requirements of the regulators. In addition to its main license from CySEC, the broker holds other licenses to be able to serve clients from some specific jurisdictions including South Africa, Dubai, England etc.
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 for its design and functionality. We have created a mobile experience specifically tailored to the needs and demands of our traders.
The world’s most popular instruments at your fingertips
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.
LimeFx enables you to keep track of your market activity when you are on the go, using the modern mobile app. The app can be installed on any Android or iOS device including iPhones and iPads, which makes it easier for traders to conduct transactions limefx from anywhere. MetaTrader is one of the most commonly used trading platforms in the world, and these platforms are mostly used by reliable brokers that are well-established. LimeFx does not impose any fees on deposits or withdrawals from its end.
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.
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. https://limefx.group/ 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.