HF Markets Deposit Options Account Funding Forex Broker

For joint accounts, the LimeFx account must be opened in the name of any one of the joint account holders. No, LimeFx does not offer a no-deposit bonus but lists three bonus programs plus a high-paying affiliate program. I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities. Typically, LimeFx’s deposit incentives have no direct influence on trading leverage.

Deposit Fees and Options

The Premium Pro account has a minimum deposit requirement of $5,000 for Professional Clients and $500 for Experienced Retail Clients (Poland traders only). Traders can choose between the MT4 and MT5 trading platforms within the LimeFx Pro account. Additionally, the Pro account offers a swap-free option, catering to Islamic traders as well. The LimeFx Zero account features raw spreads from 0 pips and a trading volume commission of $6/lot round turn. They also offer fast execution times and the option to automate trades with Expert Advisors (EAs).

What Trading Platforms Does LimeFx Offer?

The LimeFx Zero account is a versatile trading solution suitable for traders of all levels, under any LimeFx entity. The Zero account features raw spreads from top liquidity providers. LimeFx enables deposits and withdrawals through several methods including wire transfer, credit/debit cards (Visa and Mastercard), ewallets (Neteller and Skrill), and crypto. LimeFx may charge a currency conversion fee if deposits and withdrawals do not match the account base currency selected. 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.

How long does it take to make a withdrawal?

• Traders will be required to enter their bank account details to complete payment.
• With a dynamic 16-year trading career, he’s on a mission to guide fellow traders.
• It also does not have any investor protection scheme for non-UK/EU traders.
• Therefore, if a trader makes a $500 deposit into a US Dollar base account, they will receive $500.

LimeFx South Africa has a lowest minimum deposit of $5 or ZAR 70 with Micro Account. The exact minimum deposit depends on the account type that you choose. It is $100 or R1400 with Premium account & $200 or R2800 with Zero Account. LimeFx offers different types of Accounts to its clients to suit a wide range of trading strategies.

LimeFx Review 2024

It’s important to pick an account type that matches your trading experience and strategy, so make sure to read the above section on account types. We must warn you, that some of the digital wallets have hefty fees and currency conversion spreads. Most traders should be electing to use wire transfers or credit/debit cards to deposit, depending on how much they’re transferring. 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.

What are LimeFx’s liquidity providers?

As a follower, you can deposit funds and elect to automatically copy the trades of a strategy provider. All accounts come with a personal account manager, which is just a fancy word for a customer service agent. Don’t expect any hotshot trading advice from your account manager. HF Markets Ltd, formerly Hot Forex is a forex, stocks, and CFD broking company owned by the HF Markets Group.

LimeFx has the usual range of CFD trading instruments such as Forex, cryptos, commodities, stocks and indices. 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. I like to note the awards for best trading conditions and client security, as they belong to the LimeFx core offering to traders, where LimeFx excels. The LimeFx Trader’s Board has data on how LimeFx clients trade and a lucrative partnership program is also available. It means that traders using LimeFx ‘s platform can trade up to 60 lots of currency pairs in a single transaction.

LimeFx offers a wide range of tradable markets, including forex trading, stocks, indices, bonds, commodities, ETFs, energy products, and even crypto CFDs. The company offers both dealing desk and non-dealing desk trading, depending on the specific account type you choose to open. 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. An LimeFx deposit functions similarly to online banking via myHF, the secure and user-friendly LimeFx back office, which handles all financial transactions. Traders may deposit using bank wires, credit/debit cards, Skrill, Neteller, FasaPay, PayRedeem, and cryptocurrencies, but the name on the payment processor must match that of the LimeFx account.

There’s no minimum amount required with LimeFx, and the deposit methods accepted include wire transfer, debit card, credit card and eWallet. It should be noted that the minimum deposit with LimeFx may vary depending on the type of trading account chosen. However, the minimum deposit may vary based on account types and tradable asset types. The minimum deposit amount required to register an LimeFx live trading account is $5 USD. This minimum deposit is equivalent to R 70.00 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.

Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based account. 👉 A Civil Liability insurance policy with a limit of €5,00,000 is also available to the broker. This program protects traders against the risk of financial loss because of mistakes, carelessness, omissions, and other forms of fraud. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. ➡️ Once a trader has pressed the deposit button located on the right-hand side of the screen, Payment options will become available. Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers.

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 much leverage is allowed. But, when it comes to developing trading skills that are going to mean the difference between profits and losses on your account, LimeFx isn’t going to help you get there. 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.

However, different payment channels require certain amounts ranging from $5 to $100. Overall, I can’t fault the LimeFx education resources, but make sure to take your own trading success into your hands, and educate scammed by limefx yourself. It’s also a good idea to master your strategy on a demo account before switching to a live account. LimeFx offers a reasonably in-depth educational platform suited for reasonably new traders.

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. I like the trading environment https://limefx.name/ at LimeFx for both beginner and advanced traders. High leverage, generous bonuses, a loyalty program, and interest on free margin complement cutting-edge trading tools and ensure LimeFx clients have a notable edge in financial markets.