LimeFx Hotforex Broker Review for South African Traders 2024

Choose the payment method that you want, and fund your trading account to start trading and making money. Once your demo account is set up, the broker provides you with up to $100,000 of virtual test currency limefx official site to start trading and testing your trading strategies. This type of account includes two subaccounts – the strategy providers and followers, and you can choose to trade using any of these two types.

1. The How-To videos explain essential functions of the myHF back office and the MT4/MT5 trading platforms.
2. LimeFx is a trusted broker that offers an enhanced MetaTrader experience.
3. LimeFx offers a reasonably in-depth educational platform suited for reasonably new traders.

As I am not an experienced trader, there are conditions for me.Still, I believe those who are true experts in the field also can find the place under the sun here.Have almost no quibbles so far. It is important to note that due to regulation constraints, clients in some countries will have limited access to available trading instruments. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Overall, LimeFx ranks #23 out of the 62 brokers that have been evaluated and scored within our investment types category.

In conjunction with our sister site, ForexBrokers.com, we’ve published well over 100,000 words of research and collected thousands of data points across hundreds of variables. Our online trading guides are created with the same rigorous, data-driven approach. Additionally, the broker facilitates trading for its users by imposing a zero-fees policy on deposits and withdrawals and offering a wide range of tradable assets using several trading platforms. On the downside, there’s a $5/m inactivity fee after 6 months of inactivity, and this becomes worse and worse the longer the account remains inactive. On the other hand, traders will experience a 1 pip spread markup fee from the broker. You can access all types of assets offered by LimeFx using the Premium account.

LimeFx Trading tools and analysis

Clients’ deposits are protected under the requirements of the regulators. Beginner traders will find it easy to deposit and withdraw from LimeFx and be able to trade with tiny amounts of capital. I found the volume of research released by the analyst team to be more than sufficient for keeping most traders up to date with the latest market movements. With LimeFx, customer service is available 24 hours per day, five days per week through email, phone, and live support.

So far, more than 500,000 live accounts have been opened with LimeFx. They’ve also won many industry awards and sponsored prestigious events, earning titles like Best Clients Funds Security Broker and Best Forex Provider. Official numbers and awards show that LimeFx is a trustworthy business.

HF Markets is one of fhe best Broker in…business, Having a good relationship with all fhe clients and Partners

Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. However, the broker has some limitations, such as a limited portfolio for EU clients and its international offerings being provided through offshore branches. Despite these limitations, LimeFx’s comprehensive range of services, commitment to customer support, and competitive trading conditions make it a popular choice among traders worldwide. The demo account can be used on MT4 or MT5 trading platforms, in a simulation of real trading scenarios.

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. The team at CompareForexBrokers have long liked the ultra-intuitive, feature-rich experience that allows you to quickly analyse markets and enter and exit trades with a few mouse clicks. With this in mind, it’s not hard to see why MT4 is popular, finding trading opportunities and executing your trades is just really straightforward when using this platform.

Popular Forex Broker Reviews

Client funds are segregated, and held by major global banks, in compliance with the regulations of government authorities. This can be a good option if you have a very promising strategy, or if you’re able to find another trader whose strategy you’d like to follow. For the EUR/USD pair, LimeFx has a spread of 1.2 pips, which is lower than the industry average of 1.35.

LimeFx 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 MT4 trading platform remains the leader in algorithmic trading, and MT4/MT5 features a built-in copy-trading platform.

Mobile Compatibility

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. We collected data from the websites of 50 different brokers so we think this sample size provides a fair base to calculate industry averages.

I can only recommend LimeFx, where traders get a broker who cares about them and understand the trading conditions that enable profitable traders to succeed. A nine-member team provides additional market commentary and analytics. https://limefx.group/ Real-time market news from FXStreet completes the research tools. I value the LimeFx investment made using AI and big data to help clients navigate financial markets, especially with more than 1,200 assets available to trade.

They have certificates and prizes to prove they are trustworthy. They follow strict rules and get awards for protecting clients and offering good products. They have accounts for beginners and experts, lots of training, regular market analysis, and many trading tools.