The HF Markets Pro Plus account was specifically designed for the Nigerian Market & it supports the trading of all Lime Fx’s CFD products. The Zero Account offers you access to trade CFDs on Forex, commodities, stocks, ETFs, Bonds, Cryptocurrencies, indices, Energies, and Metals. However, these instruments are available as Contract for limefx scam Difference (CFD). This means that you do not get to own the underlying asset, but you can attempt to pick the direction of the market price. Do not forget about the data you are viewing being manipulated to the point where it’s not even accurately represented on the charts on TradingView.
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Lime Fx is a safe broker, considering they are regulated by top-tier financial authorities. Sure, there’s plenty of content on how to enter an order, or telling you what a currency pair is and how many trillions of dollars are traded each day. There’s also an economic release calendar, which can be useful for knowing when to expect market volatility and changes in spread sizes.
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- You’ll need to show your country of residence, as certain countries are only allowed certain accounts.
- However, from this point on, Lime Fx was wider than the industry average.
- Similarly in Kenya, HF Markets is regulated by the CMA, so trading accounts will be registered under Kenyan law etc.
- 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.
For Kenyan traders, Lime Fx acceptsMPesa, and you can deposit minimum of KES 1000. The clients from South African, Nigeria & Kenya can avail this promotion at the time of the last update. For professional traders, allowing followers to copy your strategy can earn you up to a 50% performance fee. This promotion allows eligible clients to receive daily earnings that are calculated based on their daily free margin and total trade volume for the month.
They are ideal for testing strategies and algorithmic trading solutions. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
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ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. We’re glad to hear that you satisfied with our dedicated customer support services. We always strive to provide the best experience for our valued clients. The trade execution is pretty impressive on this broker’s platform especially with the good leverage on micro account. My total trade experience with this broker is around one year trading live.
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). The How-To videos explain essential functions of the myHF back office and the MT4/MT5 trading platforms. Webinars, podcasts, and live events add a personalized touch and interactive educational experience.
How do I withdraw money from Lime Fx?
A PAMM account takes copy trading to a more advanced level and allows you to sign up as a fund manager, where you can manage funds for investors at a pre-agreed percentage of profits. This can be a good option if you have a very promising strategy, or if you’re able to find another trader whose strategy you’d like to follow. As an aside, while we haven’t physically tested the spreads ourselves with HF Markets, we have tested RAW spreads with other brokers like Pepperstone, IC Markets, and Fusion Markets. Our results are really interesting and overall we can say there are brokers with spreads that are lower (at least according to our results).
Range of Offerings
Not every account or every country is offered the same bonus (or offered one at all), so it’s important to read the terms & conditions if you’re considering taking up a bonus offer. Next up, I was offered a top-up bonus, which is an incentive from Lime Fx to deposit funds into the account. The bonus works by giving me some extra capital when I deposit, and I’m then required to turn over enough volume before I can withdraw it. You’ll need to show your country of residence, as certain countries are only allowed certain accounts. With Lime Fx, there are a similar amount of options to get your funds out of your Lime Fx account as there are to deposit.
We are thrilled to hear you’re satisfied with our support service. However, different payment channels require certain amounts ranging from $5 to $100. Beginner traders will find it easy to deposit and withdraw from Lime Fx and be able to trade with tiny amounts of capital. The lessons can be as simple as explaining basic market terms, and to advanced as learning how to build mathematical models to analyse and trade markets. For urgent technical support or inquiries, calling the company’s phone line would be a much quicker option, but be aware that international calling may be costly. Or, you can choose to withdraw to a crypto account, or e-wallet such as Skrill or BitPay for a much quicker withdrawal.
You will also find 21 timeframes vs 9, a Depth of market indicator and even 64-bit (vs 32-bit)processing which makes MT5 a superior option for backtesting. All-in-all, there is a good reason why in our mind MT4 is far and away the most popular trading platform for retail forex traders. If you want a program that has the fundamental features you need to trade without superfluous features that some competing platforms tend to have, then MT4 is an excellent choice. Just know that it is not the best option for stock trading, for this, you are better off using its more powerful successor MetaTrader 5. The HF Markets Group has won a number of industry awards, including best stock broker, best trading platform broker, and limefx broker reviews best forex trading app. A nine-member team provides additional market commentary and analytics.
HF Markets Account Types& Spread
Established in 2010, and with more than 200 staff globally, the company is one of the top 10 retail forex brokers (by volume) in the world (see Forex Trading Statistics). Lime Fx 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 Lime Fx does not accept them via its international brokerages. So in order to deposit money on Lime Fx you simply need to select the payment provider of your preference, as well as the one that is available in your region, and proceed with the payment.
However in jurisdictions where there is no government regulation (such as Nigeria), trading accounts are registered under offshore regulation; meaning under laws of foreign countries. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I found the volume of research released by the analyst team to be more than sufficient for keeping most traders up to date with the latest market movements. This is comprised of numerous daily articles, and occasional webinars that are created by a team of analysts located around the globe.
