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Is LimeFX A Scam

This broker is as open as it gets in today’s market space. Hot Forex is divided into two entities, HF Markets UK LTD and HF Markets Europe LTD. Chris Cummings, the chief executive of the Investment Association, reassured investors that they were working closely with regulators, the police and government to prevent further scams. Hot Forex offers a quick and digitized online application form. The research team is led by Head Markets Analyst Stuart Cowell who has over 25 years of trading experience.

scammed by LimeFX

Hot Forex issues a margin call at a 80% Equity-to-Margin ratio with the exception in its Hot Forex Premium Pro Account where this is lowered to 50%. Overall a nice package, the only thing which should be expanded is the Glossary Of Economic Releases which is rather limited. Important information to consider before applying to become a professional client. HF Markets LTD is authorised and regulated Dubai Financial Services Authority .

When Does A Margin Call Take Place At Hot Forex?

Forex traders are cautioned that this page will get you access to your dashboard, but that more documents will be required before a trading account can be used. This is in-line with the regulators’ requirements for KYC and AML procedures. Hot Forex extends its comprehensive offering to a quality research team which covers markets and issues daily trading updates, reports and market commentary.

While this should be standard practice, many brokers conceal those rates and book them as profits. All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. Daytrading.com may receive compensation from the brands or services mentioned on this website. The only thing I found essential to my trading is rare spread widenings and low slippage during market abruption. They allow for news trading, even HFT, but you still have to stay in the frame of fair trading techniques.

  • Hot Forex generates its fees only from spreads and commissions.
  • This broker also offer many tools and services for trader to trade at advanced level, I have followed signal at MQL5 severals ago and LimeFX has intergrated MQL 5 in their platform.
  • This may impact how, where and which companies / services we review and write about.
  • Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
  • A nice feature is that Hot Forex will reimburse traders for the incoming wire fee charged by their bank on deposits above $250.

Anyone serious about trading Forex long-term should consider opening to operate at least one trading account with this global broker. During this Hot Forex review we discovered that Hot Forex offers six different account types to its traders. It is important to point out that clients of Hot Forex UK only have access to four account types as Micro Accounts and HFcopy are unavailable. This is not having a material impact as the Micro Account is not appealing to serious Forex traders and the HFcopy is available to all clients through Hot Forex Europe.

It clearly says that they’re true STP broker, because in-house execution practice do not tolerate news scalping. The MT4 platform is pretty much user friendly and is also one of the oldest well known softwares in the world. Thats the reason most of my trades are completed with in desired limits. Tell our team and traders worldwide about your experience in our User Reviews tab. This is a powerful third party scanner which can identify three types of patterns and identify trading opportunities for you. As a HF Markets trader, you get this MT4 plugin for free which this broker a must have.

Opening An Account

The full coverage of assets makes Hot Forex a great choice for all types of traders, from newbies through advanced retail traders to professional as well as institutional traders . Just received my second withdrawal, both withdrawals are on time. Order execution is okay, spreads and commissions are tighter to average. HFcopy allows traders to become strategy providers and charge a fee for their services. It also caters to Forex traders who wish to follow a strategy and automates the entire process.

The “Tools” section of the Hot Forex website is loaded with in-house developed tools as well as third party tools which are beneficial to all types of traders. While not every trader will need the offered features, the choice is more than sufficient, with something for every type of trader. This publication is a marketing communication and does not constitute investment advice or research. euro dollar forecast Its content represents the general views of our experts and does not consider individual readers’ personal circumstances, investment experience, or current financial situation. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital.

Trading with this broker for the past one year now and i have enough confidence of fulfillment of my orders even when i am away because the server execution is very good. The spreads are also tight which are helpful in closing short term positions. I usually withdraw the profits every weekend with convenience. So i recommend them safe, honest and good one to be used while trading forex. Opening a live trading account with Hot Forex is done through a very simple, one-page form online, common practice in today’s market place.

scammed by LimeFX

It’s regulated broker and never delay my withdrawal, also the spread was good. If you’re not a PP user or US citizen, you should try this broker. I have been trading with this broker a few years but loss because of my terrible trading.

The minimum deposit starts from only $200, but before deciding on this account Forex traders should carefully consider the full costs involved. Depending on the type of strategy, frequency of trades as well as volume, this account type could be beneficial to certain traders and more expensive to others. Having the option of a zero spread account is a great addition to the overall great service Hot Forex provides. This Forex broker claims that its traders are paramount to their operations and they back it up with an excellent trading environment. The research team is offering comprehensive analytics to its traders and this broker is loaded with educational material for new traders.

Investment Scams Quadruple With Covid Frauds

Then there is also one of their prime offerings, HFcopy. This is for strategy providers and followers alike and offer an limefx broker reviews attractive alternative revenue stream for traders. Hot Forex offer the full range of the MT4 and MT5 trading platforms.

scammed by LimeFX

Minimum deposit, spread, commissions and leverage all depend on the account type. Hot Forex generates its fees only from spreads and commissions. Spreads refer to the difference in bid and ask prices, which at Hot Forex can be as low as 0.1 on select premium accounts with an average starting pip of 1.0.

I’d been using LimeFX for about 8 months, they even offered me support in my own language-Chinese, I’m also happy with the spreads and the execution time. As every other brokers there are some small problems from time to time. However i’m satified with their service since my issues were resolved very quickly. Quickly passed their verification process and get down to trading on their micro MT4 platform. Have to confess that they have very smart and fast trading platform, would like to point out very fast execution and reasonable swaps on exotic pairs . Heedful and well-qualified support entertain thoroughly my every request on personal trading adjustments as well as general trading inquiries.

It really had helped me while I am a part time trader so i usually set up limit orders with stop loss in place. Most of the time i make money however sometimes my bad i hit my stop losses but it is not due to the brokers part. They have low spreads and with much margins/leverage the trading makes good money. Overall, we were more than satisfied with the offerings we discovered and tested during this Hot Forex review. I have traded with a few brokers and LimeFX is the last one. Spread is not quite good on all pairs but very tight on major pairs.

LimeFX Review

I have switched to the PAMM program and made steadily income, it’s not easy but not hard as well. You need experience to know which fund is reliable to get long-term profit. Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted.

Broker Comparison

LimeFX is a global company that has its headquarters in Europe but it has sub-branches. I found out this broker when I was looking for a broker to test my system. It has good feed-backs in some forex forums and I run a demo for 3 months. Everything looks good, especially the spread in major pairs. Hot Forex is a multi-asset broker and allows its trader to fully diversify their portfolios as well as risk. Choices include Forex, cryptocurrencies, metals, indices, shares, energies, commodities and bonds.

There are couple of account choices from no commision to no spread and signal account. This broker also offer many tools and services for trader to trade at advanced level, I have followed signal at MQL5 severals ago and LimeFX has intergrated day trading MQL 5 in their platform. Hot Forex offers traders wire transfers, credit and debit cards as well as Skrill and Neteller as options. This covers all the basics, but it would be nice to see this expanded to include other options as well.

Of course this broker doesn’t pay interest on investments, but it is for the better actually, because most of interesting paying brokers are scam. Happy that I found that I managed to establish trustful relations with a company thousand miles ago from me.. Have been using LimeFX for the past 9 months, most my funds are with this broker, still keeping another account with another broker never the less. Over all this broker is very good, very decent services and withdrawals are on time.

How Can I Deposit Into An Hot Forex Account?

Successful traders can unlock an additional revenue stream by charging for their strategy, great for those who have a profitable strategy with limited capital. It is also great for those traders who simply lack the time to create their own strategy and prefer to pay a fee in order to follow the strategy of a fellow trader. While this account type may appeal to new traders due to its $50 minimum deposit, it appears rather pointless as the next account, the Premium account, comes with a minimum deposit of $100. I am trading with them for the last few months and i have noticed that they have tight spreads and friendly trading conditions. I have also availed their bonus and have made few withdrawals too. They are very helpful and I am making good returns on my investments.

Hot Forex is part of the HF Markets Group, and is the branch that serves traders located outside of the EU. HF Markets is the brand-name for the EU branch of this company. Company is a multi-national online Forex broker in operation since 2010.

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