He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. 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.
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. You also will not need to select the MT4 or MT5 server you wish to use and lastly funding your account can be done directly via the app. 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.
Unfortunately, if you are in Australia, Canada or the USA you cannot sign with LimeFx. The broker also shines when it comes to education and its global research team, which publishes a large stream of articles and webinars to keep you on top of market news. These currency pairs are referred to as major currency pairs, and they account for more than 80% of the daily trading volume in the Forex market. LimeFx requires a minimum deposit of $0 before you can open an account and start trading forex.
White label solutions provide start-ups with the top-rated technical support that they need without hiring support staff, which is cost-effective and ensures high quality of service. Each piece of software may not cost that much, but it can add up to large sums. There are many issues to consider and address, such as setting up the trading platform, connecting payment systems, developing retail investor accounts, determining to price, and many more.
One high leverage, poorly thought-out trade could destroy your capital in an instant. Successful trading is primarily about managing risk and making small, intelligent trades over and over again. We found LimeFx offer a wide array of tradable markets and instruments. LimeFx demo accounts are easy to set up and come with live pricing, virtual account balances of up to $100,000 and offer unlimited usage. As a follower, you can deposit funds and elect to automatically copy the trades of a strategy provider. 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.
This helps to establish a framework for customer support services and assists with their initial launch. The technology may be perfect, but every broker will occasionally need some technical support. Where investing is concerned, if things go wrong, they must be fixed quickly, or brokers could risk losing their clients’ funds and trust. It may be hard to imagine, but many top-rated forex brokerage firms initially started as white labels. The reason is very simple, and it lies within the fact that when starting a forex brokerage from the ground up, it can be a very complex venture that involves a lot of financial, legal, and technical complications. The official announcement provided a somewhat succinct description, suggesting that LimeFx offers a standard copy trading service, not particularly distinguished from similar offerings by competing brokers.
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. 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.
HOW TO START TRADING CFDs ON FOREX
Yes, based on your detected country of UA, you can open an account with this broker. Help our agents identify you so they can offer more personalized support. We have created a mobile experience specifically tailored to the needs and demands of our traders.
- Aside from the above 4 main account options, there are more selections you can choose from.
- 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.
- If you are the type of person who likes charts for analysis, you will find MT4 comes with 3 chart types (line, bar and candlestick) along with 30 of the most popular technical indicators.
- The HF Markets Group has won a number of industry awards, including best stock broker, best trading platform broker, and best forex trading app.
- Instead, the new start-up broker pays a monthly fee for the white label service provision along with a small set-up fee for the installation and configuration.
It does appear you get good value provided you use the right currency pair. Our LimeFx (HF Markets) review looks at the key features this Forex broker has to offer. With ECN-like trading conditions, MT4 and MT5 trading platforms and over 50 forex pairs, see what we say about the broker. Still, trading costs at LimeFx are slightly above the industry average.
App support
The lessons can be as simple as explaining basic market terms, to advanced as learning how to build mathematical models to analyze and trade markets. When I did get a hold of a customer support agent, I had to suffer through limefx scammers slow responses and less than perfect comprehension of my questions. LimeFx has also taken out civil liability insurance up to €5,000,000, to protect client funds against broker error, negligence, fraud, and other risks.
Our results are really interesting and overall we can say there are brokers with spreads that are lower (at least according to our results). For the EUR/USD pair, LimeFx has a spread of 1.2 pips , which is lower than the industry average of 1.35. However from this point on, LimeFx was wider than the industry average.
LimeFx Pioneers a Game-Changing Trading Experience with its Copy Trading Pro Account
ForexBrokers.com has been reviewing online forex brokers for over six 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. The firm offers a total of 38 FX pairs, which is a decent amount of currencies, but less than some other major brokers. Brokers like Pepperstone, IC Markets and Eightcap have about currency pairs, while CMC Market and IG have over 100 pairs.
I am a client of this broker and I want…
“With the roll-out of our ‘Copy Trading Pro Account’, we are catalyzing a
paradigm shift in our clients’ trading methodologies,” an LimeFx spokesperson
explained. Once you get through, you’re frantically trying to explain the problem to the employee at the other end of the line, but they’re taking their sweet-ass time and seem to not even know what they’re doing. It’s situations like these, where you realise that you want to use a broker with well-trained customer support staff, who will pick up the phone as soon as you call.
The HF Markets Group has won a number of industry awards, including best stock broker, best trading platform broker, and best forex trading app. And I like how easy it is to open a trading account with this company. From the beginning of the account registration process to thr start of trading took very little time.Verification process was also simple. I took photos of my documents and sent them for verification.There were no problems with the documents.
Our Overall Verdict On LimeFx
The company also arms its clients with an arsenal of advanced trading tools. With amenities like VPS hosting and copy trading, traders are endowed with a discernible edge in the fiercely competitive markets. Moreover, with an expansive educational portal, all customers have access to a continuous stream https://limefx.group/ of online courses and market analyses. LimeFx maintains a versatile trading space, recalibrating the benchmarks of excellence in the financial trading arena. And like most no-dealing desk brokers, you can choose between a spread-only ‘Premium’ account and a commission-based ‘Zero Spread’ account.