I like the Cent version for testing new EAs or manual trading strategies. My preference remains the Zero option, which I recommend to all active traders. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. Lime Fx offers traders commission-free Forex trading with higher spreads, a highly competitive commission-based alternative. Our comprehensive analysis of HF Markets sheds light on their trading conditions, including regulations, fees, diverse account types, CFD instruments, educational resources, and payment options. Hot forex is currently one of the best forex broker at the moment.
Customer Service
When I did get a hold of a customer support agent, I had to suffer through slow responses and less-than-perfect comprehension of my questions. When testing out the live chat feature, I found it to be error-prone, and not particularly useful for getting helpful information quickly or efficiently. 23 indices and 34 ETFs covering US, European and Japanese markets are available.
The Trustpilot Experience
However, it’s important to note that some of the products we discuss are from our partners. Read our full explanation and accounting of our research and testing process to learn more about how we test. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH. After you have submitted your KYC documents, these will be reviewed by Lime Fx, and if it is sufficient, they will accept it, and your account will be registered. For ID proof you can upload copy of your driver’s license, passport etc.
Very good services from customer…
- This account allows you to use the HFCopy app which uses the MQL5 MetaTrader Signal network for social trading.
- For professional traders, allowing followers to copy your strategy can earn you up to a 50% performance fee.
- Below you may see a comparison of the most popular instruments, the typical spread based on Standard conditions, as well for your information compare fees to another broker Lime Fx.
- Thank you for sharing your feedback with us.We’re sorry to learn about your recent experience and want you to know that your concerns are important to us.
- Alongside quality research and MetaTrader offering, Lime Fx (HF Markets) offers a proprietary copy trading platform, HFcopy, as well as a decent selection of nearly 1,000 CFDs (including 100+ forex pairs).
Since Lime Fx 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 Lime Fx since the broker concentrates and puts efforts on Africa and Asia regions so its allows various traders to join in. Particularly about scalping, there is no restriction and Lime Fx range of accounts alike with Zero spread may assist you even better to trade this strategy.
Alongside quality research and MetaTrader offering, Lime Fx (HF Markets) offers a proprietary copy trading platform, HFcopy, as well as a decent selection of nearly 1,000 CFDs (including 100+ forex pairs). That said, trading costs at Lime Fx are slightly above the industry average across its spread-only accounts. Formerly known as Hot Forex, Lime Fx (HF Markets) is a forex and CFD broker that’s a good match for beginner to intermediate traders. Most features on offer are quite generic for typical no-dealing desk brokers. For example, trading via MetaTrader 4 and MetaTrader 5 trading platforms and a decent range of CFD trading products like Forex, cryptos, stocks, commodities and bonds. I particularly want to highlight the management team at Lime Fx, who understands the importance of competitive regulation, the safety of clients, and the benefits of leverage and loyalty programs.
I value the Lime Fx investment made using AI and big data to help clients navigate financial markets, especially with more than 1,200 assets available to trade. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Active traders can lower expenses via the volume-based loyalty program. Equity CFD commissions of 0.10% and trading costs on commodities, indices, ETFs, and bonds remain equally competitive.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. 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. USD and NGN are the account-based currencies that the Pro Plus account supports.
Overview of the Non Trading Fees
I can only recommend Lime Fx, where traders get a broker who cares about them and understand the trading conditions that enable profitable traders to succeed. Multi-lingual customer support is available 24/5, and Lime Fx transparently lists all contact methods on its website. Lime Fx describes its products and services well, and it has plenty of videos and a well-structured FAQ section. I recommend live chat should traders require assistance for non-urgent matters and phone support for emergencies. The commission-free trading account lists a minimum spread of 0.5 pips but carries an average one of 1.4 pips or $14 per 1.0 standard lot. The commission-based alternative commences with a raw spread of 0.0 pips and average spreads of 0.2 pips for a commission of $6.00 per lot or total costs of $8.00 for major currency pairs.
Lime Fx offers a reasonably in-depth educational platform suited for reasonably new traders. With Lime Fx, customer service is available 24 hours per day, five days per week through email, phone, and live support. All that’s left to do is load limefx website our chosen trading platform and make a deposit.
Lime Fx caters to most traders from its headquarters in Saint Vincent and the Grenadines, but it has offices in each country where it maintains a regulatory license. Yes, based on your detected country of UA, you can open an account with this broker. To become a strategy follower, you need to open a live HF Markets Account, sign up as a follower, and choose the strategy provider you wish to copy. Leveraged trades will have a margin call at 50% and a stop-out level of 20%.
Lime Fx has multiple account types & supported currencies for different regions. For example, Lime Fx is one of the few brokers that have ZAR accounts for traders based in South Africa. Of the accounts Lime Fx offer, we think their no-commission accounts are a better choice, that said, we believe there are better options among lowest spread forex brokers to consider.
Lime Fx also partnered with Blue Sky Forex for free webinars, enhancing the overall approach to educating beginner traders. The MT4 trading platform remains the leader in algorithmic trading, and MT4/MT5 features a built-in copy-trading platform. I like the investment Lime Fx made into upgrading the sub-standard out-of-the-box MT4/MT5, ensuring traders have an edge in financial markets. I like the range of products Lime Fx provides, starting with the limefx reviews 12-plugin upgrade for MT4/MT5. Lime Fx also understands the importance of competitive regulation, leverage, and loyalty programs.
