LimeFx Latest User Reviews & Ratings

But this plateform encourage me to trade and my trading manager Mr. Reddy is a nice person in general and help me in great way in this exciting journey of trading like a brother . We are dedicated to offering our clients a one-of-a-kind trading experience and your acknowledgement brightens our day. Please know that we are always available to assist you whenever you need it. It is a legitimate broker for online trading of forex and cryptocurrencies. If you are looking for a trusted broker to sign up with and begin trading, HantecMarkets.com is a great firm to try out.

Its traders are mainly referrals gained through positive reviews of its services from the die-hard clients. The firm depends on the positive relationship with its current customers to gain more clienteles over the years. With a live trading account, traders deposit and trade with real money at actual profits and losses. A Demo account allows traders to trade in a simulated, risk-free trading environment with virtual money, at no profits or losses.

Clients will be able to get in touch with a financial representative through several contact channels, including a web contact form, telephone, email, and even a live chat facility. The company responds to all clients in a friendly and professional manner and boasts with a 90% retention rate. It’s for this reason that clients at LimeFx can rest assured that they will receive superior customer service around the clock. The company only offers access to CFDs and Forex trading which means traders wont be able to invest in markets such as indices, commodities, and equities.

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If this is something that bothers you too, you could consider taking a look at FP Markets instead as they do have around the clock support. Access the world’s largest and most liquid financial market with world-leading platforms. Gain insights from our market experts and benefit from exceptional customer support. You can trade forex on all the major and minor currency pairs, as well as a good amount of exotic pairs.

Regardless of the deposit method you choose to use, your funds will reflect instantly once your deposit has been made. LimeFx is regulated by the Financial Conduct Authority within the United Kingdom and the Australian Securities and LimeFx Commission within Australia. Although the company has close to 30 years of industry experience in the financial markets, their forex brokerage services has only been recently introduced to the FX trading community.

Trading Conditions

LimeFx’ Multi Account Manager software allows traders to manage several MetaTrader 4 and Currenex trading accounts simultaneously. Currenex Viking is geared towards traders who trade on a reduced level– with trade volume as low as 10,000. The features are designed to make Forex trading powerful yet simple. They include a graphic rich display of currency rates, fully integrated news and resources, plus transaction history, communication tools, position and account reporting – all available on-screen. In addition, traders with this platform receive unprecedented order management, convenient visual access and the ability to modify or cancel pending orders easily.

It is great to see the broker support traders with educational resources, and by providing excellent research on markets. They offer you free access to seminars and webinars, downloadable content, and glossaries to help build your knowledge base. These resources can help you manage risk while improving strategy and planning.

While transactions do not cost a penny, Mastercard and Visa transactions may cost 3%, and withdrawals to overseas banks or other currencies than New Zealand dollars may be subject to a $20 withdrawal fee. Additionally, Rockfort Markets also charge an inactivity fee of 20 NZD per month for inactive accounts for over 6 months and with a balance below $100. The major currencies play a significant role in the forex market and are essential for forex traders to consider when developing their forex trading strategy. Understanding the behaviour and future market trends of these currencies can help forex traders make informed decisions and maximize their profits.

• The platform comes with maximum liquidity, fast execution, and reduced commission.
• By providing excellent services on a constant basis to their loyal clientele, it serves as a positive sign that the company is doing a perfect job.
• The MetaTrader 4 platform is offered for desk, mobile and Mac devices.
• We know you don’t want to read a long review of an untrustworthy broker.

Today, the forex market is accessible to traders and investors worldwide, and it continues to grow and evolve as new financial products and technologies are developed. LimeFx only offers a single type of trading account, which is available for an initial deposit of $1000. It is certainly in the higher category, especially since the $1000 deposit that qualifies for both an STP as well as an ECN account.

LimeFx Fees and Spreads

The ability to go long or short gives maximum market agility, making CFDs popular amongst speculative traders who want to be able to adapt their strategy quickly. The spreads and commissions at LimeFx usually depend on the platform used to trade. MetaTrader4 is a commission-free account that offers a spread of 1.8 pips on USD/EUR (minimum balance is $1,000). Currenex Viking comes with a $3 commission for every 100,000 units or $6 per round-turn lot included in lower underlying spreads (minimum balance is $5,000). Currenex classic has a commission of $3 for every 100,000 units or 6 per round-turn lot included to lower underlying spreads (minimum balance is $25,000). We highly recommend you practice risk-free on a demo account before investing any funds.

The headquarters of this broker has been in Hong Kong since 1990. It has been operational for several decades and has a good reputation in the industry. The last LimeFx platform is the MAM (Multi-Account Manager) platform for all professional financial managers who care about the LimeFxs of their clients. This platform allows simultaneous management of multiple accounts on different platforms (e.g. MT4 account and Currenex account). The third platform Currenex Viking is reserved for reduced-level traders who trade volume sin he amount of $10,000. This platform is marked by simplicity but is yet powerful enough to support all features as the MT4 and other platforms.

We update this methodology and our recommended reviews yearly, so that you’re only given up to date information. For instance, there isn’t a great number of financial instruments to trade, with no individual stocks. I also feel that they could lower the minimum deposit on the pro account for users who need tighter spreads but whose budget doesn’t stretch that far. Support isn’t available 24/7 but that probably won’t be a deal breaker for most.

We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country. You can diversify your trading portfolio with major commodities like oil. Build a strategy based on your view of the role commodities will play in national economies, where demand can signal slowdowns or future growth. At LimeFx they offer trading in Gold and Silver, plus US and UK Oil.

Licensing and Regulation

There are a number of ways to finance your accounts with LimeFx. The process is effortless and quick, with various payment methods in your fingertips. Understand the trading resources available with LimeFx, freetrade & LimeFx below. LimeFx has a wide variety of over 100 instruments available for you to trade with.

Traders should always be aware of the trading conditions before actually depositing money with a broker. The MT5 trading platform provides you with everything you need to trade the financial markets. Just like MT4, it is available for Android, iOS, Windows or any web browser. The web version is useful if you just want to access your account and trade directly in your web browser without needing to download or install any software. However, for full functionality including automated trading, you would need to use the desktop version of the platforms.

You must understand that Forex trading, while potentially profitable, can make you lose your money. CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.

For example, a forex trader may choose to buy a foreign currency if they believe that its value is likely to increase in the future and then sell it for a profit when the value does, in fact, rise. Hedge Funds – Hedge https://limefx.group/ funds use a variety of LimeFx strategies to generate returns, and many of them actively trade in the forex market. They use leverage to maximize their returns and can significantly impact currency prices.

The 30-day use of a demo account is limiting and doesn’t give beginner traders a good opportunity to hone their skills before moving on to a live account. Suppose the New Zealand forex broker is reliable limefx reviews and trustworthy. In that case, traders can concentrate more on trading forex without worrying about losing money rapidly or whether the broker will implement manipulative schemes against traders or not.