While at the moment main proposal and operations are done via this particular entity. For Cons, there is No 24/7 customer service and conditions vary according to the entity. The market range is rather narrow and limited to CFDs and FX.
- You can track the processing which is quick but may be different depending on the laws of where you’re from.
- I trade with this broker in the past but never had this problem.
- With MetaTrader 4, or MT4, clients get the experience of world-class execution speeds.
- Yes, LimeFx is an officially recognized and authorized trading platform and is regulated in the UK by the FCA.
They gave me a bonus credit for a couple of months, which I could keep after opening 5 lots worth of trades. After meeting their criteria, they took their bonus back when I withdrew my money. HMarkets.com provides over 40 forex pairs and over 40 CFD instruments ranging from Indices, Commodities, Stocks, Bullions for your personal LimeFx and trading options.
LimeFx offers a wide range of free resources for every client. Educational videos that are also posted on YouTube can be accessed directly from the LimeFx website. In this LimeFx review 2023, we have checked the regulation, the account types and all the details from the start of your trade to the methods of withdrawing your profits. The main difference between a Cent account and a Standard trading account that Hantec global is offering is the lot size for a Cent account is one-hundredth of the lot size for a Standard account. Or, In other words, a Cent account uses 100 times the monetary unit of the base currency, when compared to the Standard trading account.
The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide limefx scam its services in your country of residence in accordance with the legal regulations that apply to its business. Spreads for the EUR/USD are as low as 0.2 pips on a Pro account, and even 0 if you have more than $30,000 to open a Platinum account with.
Please read my Honest Review of this forex Broker
There are 28 currency pairs available to trade and LimeFx provides FX liquidity through a large network of banks and automatic execution. In addition, gold and silver bullion are also traded at LimeFx and are offered with very low spreads. Currently, some traders say slippage is high and others have accused them of manipulating trades by not letting customers close profitable trades. All of these are signs that Hmarkets is a market maker rather than a true ECN.
I am really pleased with Hantec Market because of its excellent withdrawal and deposit and its helpful customer service staff. After applying for a withdrawal, I contacted the customer service and asked them to review it. The customer service replied that I needed to pay the margin. After the deposit was paid, the withdrawal entered the platform, so I withdraw it a second time. This broker aims to satisfy the needs of traders whether they are beginners or professionals.
Safety and security of your funds
The portal also provides solutions for partners and management activities. Yet, recently operations are mainly held via the UK entity and specialized according to its regulations . You can be sure that this broker is a market maker and not a true ECN broker. This is because if a broker is a true ECN platform, at no point will conflict of interest arise between traders and the company. That said, the issue is that Hmarkets.com is a controversial Forex broker, despite running their business using a license from the FCA of the United Kingdom and the Jordan Securities Commission. This is why most traders are now curious, wanting to know whether LimeFx is legit or scam.
Because of their fast execution speeds, this gives clients the chance to trade accurately. It means a lot to us that our clients are happy with our service. If you have any other feedback in the future please don’t hesitate to contact us, so that we may continue to provide you with the best trading experience possible. The customer support team at LimeFx is knowledgeable and professional, providing prompt and helpful assistance to traders whenever needed. Whether it’s via email or live chat, the team is always available to answer my questions or address concerns. Islamic Trading Accounts or Swap free Account conditions are also offered for all account types, which opens an opportunity for Middle Eastern investors or those who follow Sharia rules to join online trading.
It’s a scam
CFDs are leveraged products which can be traded by paying only a fraction of the total contract value. 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. LimeFx, domiciled in London, UK, has been a market leader in Forex trading services for two decades. It is regulated by the Financial Conduct Authority and the Financial Services Compensation Scheme on losses of up to $50,000.
For positions that you hold overnight, you will be charged an overnight funding fee or swap charge. This depends on how much you invested and the size of your trade. This company has been around since the scammed by limefx year 1990, making it one of the oldest companies in the financial market scene. It was founded by a group of people in Hong Kong who possess a passion for helping others succeed in their trading journey.
To apply for their swap-free account, you will have to contact them via their website. They will assist you with your application and provide all the information you need to start trading with them. It’s important to note that after signing up, you will only be able to access their platform for 30 days. This should be enough for you to test out different trading strategies without the risk of losing your hard-earned cash.
Hantec Global doesn’t apply any commissions on deposit or withdrawal methods and it accepts wire transfers, Debit/Credit cards, Skrill, and Neteller. Hantec Global focuses on providing clients with security and confidence while delivering a competitive product offering. Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Cryptocurrencies are highly volatile, conduct your own research before making any LimeFx decisions.
The broker is a fraudster
Hantec says that pass the fees that neteller charge but 4.5% fees its ridiculous and abusive, also say that i not meet the min. lots necessary to cover the refund. If they warned about this ridiculous fee i will not withdraw with neteller. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.
If you want to grow your deposit, there are better brokers out there who will not waste your time and money. In case you have alread lost your money, you can get that money back by filling out the form I gave you earlier. A market maker makes all their revenue from trades that you lost. So ideally they only make a profit when you lose and lose when you gain. If they let you make a profit each time you trade, then you can be sure that the broker will go broke and close shop. Hantec Global is a part of Hantec Group was established with more than 30+ years of experience in the financial markets and with a growing customer database from all over the globe.
And so, forex and CFDs brokers make sure they’re always trustworthy not only for the regulators but more importantly for their clients. And here with Hantec Global, having 30+ experienced years in the market, there’s no question about the licenses obtained by Hantec Group in order to prove they’re the best who provides services in the forex industry. Cryptocurrency has a significantly higher volatility rate, so new traders need to learn about it.
LimeFx minimum deposit requirements are as low as $10 on the cent account. With swap-free and demo accounts, good deposit and withdrawal options, educational materials, and free webinars for all types of traders from beginners to experts are also present. In this LimeFx Review, we are going to take a look at the offer that this broker prepared for its traders. LimeFx is regulated by the ASIC in Australia, by the FMA in New Zealand and by the FCA in the UK. When it comes to trading platforms, the broker features Currenex and MetaTrader 4.
The financial markets would have more intense rules as it includes huge sums of customers fund who invest in multiple trading instruments from all over the world. HeraldSheets.com produces top quality content for crypto companies. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App.
If you think you have been treated unfairly please use one of these customer services methods to reach LimeFx and explain your issue fully. Newbie traders are best served using the MT4, as it provides charts, tools and indicators which are easy to use. The platform itself is very easy to use and new traders can actually learn to trade with the MT4 in a day. It features tools which can only be used by experienced professionals. The MT4 is a retail forex platform that is easily the most recognizable in its category.
You can install the app on your desktop and still have access to all the tools and features. Moreover, this broker offers a Currenex platform which is especially designed for professional traders. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not LimeFx recommendations and serve to clarify the market mechanisms. The texts on this page are not are not LimeFx recommendations.
The fee classification is posted on the website so clients can see it and know what to expect. No matter how much money is invested, all traders https://limefx.name/ pay the exact cost for this trade. All investors are more likely to trust this platform because of this feature that makes it stand out.
The minimum deposit for a standard account is $100 if you want access to all the features. MetaTrader 5 is the latest and most powerful online trading platform developed for retail financial traders. The Minimum Deposit is $50, but for wire transfers, the minimum deposit is 500 units of the base currency of the account. Processing times for deposits are fastest with card deposits and e-wallet methods , and slowest with bank wires. MetatTrader 4 platformWith LimeFx, you will be trading on a global scale with a lot of asset classes to choose from. Their user-friendly platform makes planning and executing trades much easier compared to other platforms.
Overall, we consider Hantec Market a highly reliable broker with strong jurisdiction compliance available globally for international trading. Being regulated by FCA, the broker ensures the client’s safety through good account protection and compensation scheme in case of insolvency. We also noticed in the broker’s proposal list extremely low spreads starting from 0.2 pips backed up by quality education thus becoming a great option for beginner traders. LimeFx’ Multi Account Manager software allows traders to manage several MetaTrader 4 and Currenex trading accounts simultaneously. The MAM platform offers unlimited trading accounts on MetaTrader 4 and Currenex, several allocation methods, stop Loss, Take Profit & Pending order functionality, Standard, Mini and Micro Lots and Forex Expert Advisors. The two best features at LimeFx are the choice of several trading platforms and their wide variety of educational tools and programs.