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 https://limefx.biz/ is why it’s so important to understand how to use tool smartly. 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.
- With the demo account, you will get all the access like a real account, including access to the Meta Trader platform.
- If you’ve been around the forex and CFD industry for a while, you’ve probably heard of the occasional dodgy broker running off with client’s funds.
- Since then LimeFx managed to receive numerous awards in different nominations.
- They are also offered a free demo account as well as an Islamic account.
LimeFx warns all potential traders that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors. The minimum deposit for this VIP account type is $20,000 or 74,000 AED. For that though, you gain access to a range of benefits including your own personal relationship manager and an excellent spread starting from 0 pips with a $6 round turn commission per lot, or 44AED. This LimeFx trading account type is designed for traders who are new to the Forex market and are making their first steps.
Detailed statistics are provided to the
affiliate so that he can tweak his marketing effort accordingly. Payments to
members are made regularly every week so that they do not have to wait to
receive payment. Video tutorials are available without registration, and
these cover introductory concepts, Metatrader tutorials, trading strategies,
and lessons in economic theory. Overall, LimeFx can be summarised as a safe broker that is fully regulated by a tier-1 regulator (highest trust score in the industry). This is another great feature that is not available with all top brokers.
LimeFx – Loyalty Program
In addition, you will be asked some questions regarding your trading experience, which financial instruments you are familiar with, and for how long you have been trading. Checking your level of experience is requested by strict regulators to protect traders’ interests. This type of account includes two subaccounts – the strategy providers and followers, and you can choose to trade using any of these two types. Micro accounts are very useful not only for beginners that are trying to test the waters but also for experienced traders that are trying to test their trading systems without risking too much money. I like to note the awards for best trading conditions and client security, as they belong to the LimeFx core offering to traders, where LimeFx excels.
Since LimeFx has licenses from multiple world-class Forex regulators, I can confidently suggest that traders manage their portfolios at HF Markets (SV) Ltd. 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. Also, there are LimeFx entities that are registered in offshore zones alike Mauritius, SVG and Seychelles.
website states that copy trading services are conducted through HFcopy. The Pro Account
complements the existing tool, giving strategy providers new possibilities. From within your client area, you’ll always have the option to launch each platform available to you. LimeFx withdrawal options include cards, bank transfers and various e-wallets.
These webinars do not require
an account at LimeFx, but you will need to register to participate. LimeFx platform is dedicated to banking with only significant
banks across the globe. Liquidity is offered through these significant banks
based on the strength and international recognition of the broker.
Resources Offered by LimeFx
MT5 has more shares since it is designed to enable trading via decentralised exchanges. Trading platforms are your gateway to the markets, where you’ll see all your price quotes, charts, order entry boxes, and analysis tools. A HFCopy account is a copy trading account, which allows you to sign up as either a strategy provider or a follower. This account allows you to use the HFCopy app which uses the MQL5 MetaTrader Signal network for social trading. All accounts come with a personal account manager, which is just a fancy word for a customer service agent.
Deposit & Withdrawal Options
The demo account is one of the best ways to get to know any broker, and LimeFx is no different. In fact, this list is much shorter than that of other major forex brokers and this in itself is another great credit to LimeFx. When it comes to regulations, the broker does very well in ensuring that they are regulated by some of the most well-respected bodies in global forex trading and finance.
Services Offered by LimeFx
The main downside with this broker though is the limited number of markets made available to trade in. This is limited to just more than 100 which may not suit particularly more experienced traders. The spread here typically starts from 1 pip but on a VIP, Zero, or MAM/PAMM account type this drops to 0 pips with a $3 commission.
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. LimeFx caters to traders resident in most countries, except the USA, Canada, Sudan, Syria, North Korea, Iran, Iraq, Mauritius, Myanmar, Yemen, Afghanistan, and Vanuatu. Please note that EEA traders must trade with the less competitive Cyprus subsidiary as LimeFx does not accept them via its international brokerages.
Where HotForex located?
HF Markets has made reasonable efforts to protect her liabilities from clients and third parties using a Civil Liability insurance system for a limit of €5,000,000. This incorporates market-leading coverage in counter against omissions, errors, fraud, negligence, and any other kind of activity that can lead to loss of cash investment on the platform. LimeFx supports 10 European languages on its platform, and they
have dedicated support managers for each language they support. The HF Affiliates is targeted at individuals from across the globe and includes rewarding commissions plans and a multi-tier affiliate tracking system. HF Affiliates will benefit from full marketing support and complimentary promotional materials.
The myHF area feature has been integrated into the HF app so that no users can have direct access to the app. Users can access 1000+ trading instruments
ranging limefx scam from Forex, Commodities, Indices, Shares, Bonds, and Cryptocurrency
CFDs. Users can also access free demo trading accounts and Islamic swap-free