An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Since 2010, HF Markets Group has empowered traders to pursue opportunities in the financial markets. We have become a one-stop shop for cutting-edge technology, wide-ranging education and superior trading conditions.
User Experience
Forex, short for foreign exchange, is a decentralized global market where currencies are traded. One of the key advantages of forex trading is that it allows individuals and institutions to trade on currency volatility. MetaTrader5 (MT5) like MT4 is another platform that is commonly available with Forex brokers and one we are very familiar with. Given that MT5 is an updated version of MetaTrader4, with more advanced features and is still receiving new development and support from Metaquotes, we tend to recommend this platform to most traders. MetaTrader4 (MT4) is the industry-standard workhorse software of the retail forex industry and is offered by many brokers so is one we are very familiar with. We tested the platform with LimeFx and except for some personalised branding, MT4 with LimeFx has all the features we expect to see.
METATRADER 4MAIN FEATURES
The website is operated and provides content by HF Markets (Europe) Ltd. No HE with registered and office address at Spyrou Kyprianou 50, Irida 3 Tower 10th Floor, Larnaca 6057, Cyprus. The reason for these subdued levels of leverage is the regulatory bodies that govern brokerage firms in the UK, EU, and UAE have strict limits on how limefx scam much leverage is allowed. LimeFx is a safe broker, considering they are regulated by top-tier financial authorities. However, different payment channels require certain amounts ranging from $5 to $100. There’s also an economic release calendar, which can be useful for knowing when to expect market volatility and changes in spread sizes.
Fees & Commissions
By trading Forex CFDs, individuals can buy and sell currencies based on the predicted difference in exchange rates. For example, if you believe that the value of the US Dollar will increase against the Euro, you can buy US Dollars with Euros at the current exchange rate. If your prediction is correct and the value of the US Dollar does increase, you can sell your US Dollars for more Euros than you https://limefx.name/ originally paid. If the price moves the opposite direction to your prediction, the value of the US Dollar will be lower than you originally paid. Our mission is to provide the best customer service to our clients by maintaining a superb client-centric culture. HF Markets aims to lead the way through the use of cutting-edge technology, innovative system solutions and unrivalled customer service.
Trading and Investment Tools
Metals are available on the Spot market including Gold,Silver against the USD, and Euro. No, you cannot trade on MT5 if your trading account is opened for MT4. To start trading on the MT4 platform you need to have an MT4 trading account with HF Markets. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Access a wide range of desktop, web and mobile Trading Platforms including the LimeFx platform, MetaTrader 4 and MetaTrader 5.
What are the most traded Forex pairs?
LimeFx does not offer services to residents of certain jurisdictions, including the USA, Canada, Sudan, Syria, Iran, North Korea and others. If you’re from the UK, Europe or the UAE, LimeFx is a highly regulated broker with a respectable amount of tradable products. If you’re Australian, you’ll need to find another broker, as LimeFx doesn’t offer their services to the land down under. LimeFx offers a reasonably in-depth educational platform suited for reasonably new traders. Next up, I was offered a top-up bonus, which is an incentive from LimeFx 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.
The broker does not have a minimum deposit requirement to open cent, zero, and premium accounts. Meanwhile, the Pro account requires a minimum deposit of $100 or a similar amount in your base currency. LimeFx Trading App is the in-house app developed by LimeFx allowing traders to trade from their smartphones. The main benefit of using this app is that logging into your trading account is easier since it can be done with your LimeFx credentials.
No commission involved, but you have to account for thevariable spread (a benchmark figure of 1.3 pips). You can trade a maximum of 7Lots per trade up to a maximum number of 150 orders. MetaTrader 4 is also available on mobile devices through its mobile trading app. The mobile app offers many of the same features as the desktop version, including real-time quotes, advanced charting, and automated trading using EAs. The mobile app also offers the ability to receive push notifications for price alerts and other events, enabling traders to stay connected to the markets even when away from their desks.
- As well, MT4 mobileapplications are available for both Apple and Android smart devices.
- Traders need to stay up to date with economic news and events that can affect currency prices.
- The mobile app offers many of the same features as the desktop version, including real-time quotes, advanced charting, and automated trading using EAs.
- You can trade a maximum of 7Lots per trade up to a maximum number of 150 orders.
- For instance, the MT4 tradingplatform supports multiple market orders, utilizes an impressive chartingpackage, and various technical indicators.
You may refer herefor the full details on various Indices on offer on LimeFx. Yes, based on your detected country of NL, you can open an account with this broker. Access our free educational resources to improve your trading skills and strategy.
MetaTrader 4 (MT4) is the most popular platform for online trading in the forex, CFD and futures markets. It offers advanced charting, customizable indicators and automated trading strategies, as well as a wide range of trading instruments and a large online community for support and education. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. LimeFx is an online trading brand with high prestige in thefinance world, with certifications and awards to substantiate theirreliability.
For example, the GBP/USD pair has a spread of 1.9 for LimeFx, compared to the industry average of 1.68. The AUD/JPY pair sees a spread of 2.8 for LimeFx, while the industry average is 2.31. We think LimeFx’s (also called HF Markets and formerly Hot Forex) offering is typical of a broker using an electronic communication network (ECN) with no dealing desk execution model. Contact us directly for further inquiries about our products and services. Index trading involves speculation on the movement of asection of a market, instead of individual stocks. Depending on the marketmovement, there will be potential for profits.
On the MT4 platform you can trade a wide range of instruments available at HF Markets including CFDs on Forex, Metals, Energies, Commodities, Bonds, Indices and Shares. MT4 has been widely adopted by the online trading industry and has a large user base, which has helped to ensure that it is secure and reliable. Discover unique MetaTrader 4 features and a wide range of analytical opportunities to enhance your trading experience. With an easy-to-use interface, advanced functionality and ultra-fast execution, MetaTrader 4 accommodates the demands of experienced and novice traders alike. LimeFx is under stringent oversight, ensuring a secure trading environment.
Perhaps most interesting was the ability to purchase the physical stocks (i.e. the underlying instrument) but this feature is not available for UK and South African clients. Other good features we think are worth noting include being regulated in 6 different countries or regions. Commodities are sensitive to political and economic events,which makes them attractive to traders. You can trade Palladium contracts on Spot markets and avariety of commodities like Coffee, Cocoa, Copper, Cotton, Sugar, and SoybeanOil contracts on Futures markets on LimeFx. LimeFx supports trading on iPhone, iPad as well as Android MT4platforms.
They are differentfrom trading stocks where the parties don’t own the underlying asset but make profit/loss based on the price fluctuations of the underlying asset. You can trade both Spot marketIndices (plural for Index) as well as the Futures market. Examples of Indicesinclude Australia 200, France 40, US Wall Street 30, etc.