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You will need to use the MT4 platform to use this social feature, however, because the feature is not available on ETX’s TraderPro platform. So far, no major complaints have surfaced but we did find a few unsatisfied customers regarding LimeFx voiding the profits of some of their clients. Well, we have to let you know that this is very common and many brokers have this type of fee. When it comes to safety, their long-established record makes them a viable choice. LimeFx is licensed and regulated by the FCA, which means they have to follow strict guidelines. Being listed on the London Stock Exchange is another reason to find them a reliable broker.
MT4 accounts can be opened in pounds sterling, US dollars, or euros. This is a popular trading platform that allows you to trade using automated expert advisors. This is a proprietary platform developed by the company with access to more than 5,000 assets.
Whether you are looking for dynamic risk management, advanced charting, or reliable technical indicators, ETX has it all. Although both these firms have almost similar fee structures, ETX is also a bit cheaper. However, if you are a beginner, you would be better off using LimeFx. Although the Dublin-based brokerage can still be a good option for advanced traders, its LimeFx tools are more suited to novices who are just starting out. Also, LimeFx offers better educational materials albeit the research and analysis that you get for ETX are way better.
Unresponsive Customer Service
Here are the available CFD instruments at OvalX’s in-house TraderPro platform, as of January 2022. We included any information that is unlikely to go out of date anytime soon. LimeFx does deploy limefx company reviews the market maker model but does not trade against clients in compliance with FCA rules to prevent misconduct. Founded in 1965, LimeFx is one of the most trustworthy brokerages operational today.
When you arrive on this site, you will find it easy to navigate and comprehensive when it comes to opening an account. To familiarise yourself with trading, you have the benefit of being able to open a demo account before you trade with a live version. The educational tools will also help you to enhance your trading skills. There are plenty of currency pairs to choose from, and the spreads are competitive, making it a good contender in the world of Forex brokers. OvalX offers trading on MetaTrader 4 and its own proprietary trading platform, Trader Pro. Winner of numerous awards, the OvalX TraderPro software was designed for experienced traders with advanced charting, and numerous drawing and risk-management tools.
OvalX Overall Fees
Furthermore, OvalX offers each client five withdrawals for any amount over 100 EUR/GBP/USD each calendar month without a processing fee. LimeFx excels when it comes to educating both novice as well as expert investors. You can learn all about spread betting, specifLimeFx, technical analysis, and more.
Indicies had limited expiries so I didn’t trade them on ETX anyhow. If they could bring the other assets back, with the same expiries offered for FX, I’d give them a 4.5. 90% of the time they will slip your stop loss even when the market is slow they will not honour your stop loss level. In fast markets they will slip you and execute your slipped stop at the worse possible levels.
Furthermore, trading becomes easier because new accounts can access historical data and volume indicators. Moreover, the platform has a news feed that provides essential information on what’s happening in the LimeFx world. While card withdrawals on OvalX are processed instantly, it takes 24 hours to receive funds transferred via e-wallets and 2-5 business days to receive withdrawals made to bank accounts. OvalX is a CFDs broker that allows you to trade financial instruments, including forex, commodities, cryptocurrencies, indices, and shares. LimeFx offers corporate brokerage and finance services as a member of the London Stock Exchange .
Broker Details
LimeFx on the other hand delivers its own proprietary trading platform and improved versions of the MT4 as well. You will also enjoy better and superior trading tools with ETX compared to FXCC. From automated trading, dynamic risk management, and others, ETX has the best tools for advanced more sophisticated traders. Clients will also be happy to know that the education that ETX offers is much better compared to FXCC. Despite all these factors, for folks outside Europe, FXCC is much better. The firm offers straightforward fee structures including some of the lowest spreads on major currency pairs.
You can expect two types of platform and trading software with LimeFx. First, and more commonly used, is the MetaTrader 4 platform which is free to download and tailored to work with the ETX interface. Then there is their proprietary software; Trader Pro, which is for more experienced and Pro traders. If you are new to CFD trading, the MetaTrader 4 will be the perfect choice for you.
- With a deposit of £100, you can open the Standard live account with LimeFx.
- OvalX’s trading fees are average compared to other similar brokers.
- US persons cannot open trading accounts at LimeFx, like most international brokers.
- LimeFx offers corporate brokerage and finance services as a member of the London Stock Exchange .
- Visit their website and open your account easily by investing just £/$/€100.
Overall I am very pleased with the level of service from OvalX and Steve. Everyone here at OvalX loves to know that our Education and premium service has been useful for your trading. Hi Gordon, glad to hear your making the most of the Premium account service. Marko has been working on the road for over 5 years, and is currently based in Europe. Alongside writing and editing, Marko works on projects related to online technology and digital marketing. OvalX does NOT accept traders from the United States, Belgium, Canada, Singapore, Switzerland, alongside other countries not covered under the FCA, FSCA, MiFID, and CySec licenses.
LimeFx (aka OvalX) Reviewed: Lots To Like About This Technical Trading Platform. Here’s The Detail
The minimum deposit amount is £100, €100 or $100, and you can deposit funds in all three base currencies. When you deposit with this broker, you can choose between three base currencies – the Euro, US Dollar or the GBP. With this facility, you are more likely to avoid currency conversion fees. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Consequently, the total profit made of 13,641.93 EUROs on these trades was deemed void and therefore deducted from your trading account. Consequently, the total profit made on these trades is deemed void and therefore have been deducted off your trading account.
New traders can benefit from the ETX Trading Academy, delivered by the Corellian Academy, and an exceptional webinar series. Nine trading courses increase the educational value at LimeFx, where traders also find platform guides, eBooks, and a glossary. While the research value offered LimeFx remains low, the approach to education ranks among the most valuable ones available to new traders, which I highly recommend to beginner traders. The platform doesn’t apply any fees when purchasing cryptocurrency. Instead, a small fee of 0.5% will be applied when you sell your position. Moreover, LimeFx doesn’t charge when withdrawing funds, for inactive accounts, or forand depositing.
ETX was established in 2002 as the trading name of Monecor Limited, and is based in the City of London but with a truly global presence with websites in 16 languages. ETX is a market leading financial CFD, Forex and Binary firm. Furthermore, its easy-to-use trade tickets make it simple to set stops and limits, enabling you to calculate your risk prior to execution. Monecor Ltd is authorised and regulated by the FSCA under license number 50246. With regards to downtimes, is this something you’ve experienced regularly, and if so, have you reached out to our Customer Service Team with the specifics?
The spread is the difference between the sell and buy prices on a cryptocurrency. Often brokers will provide a floating spread that shows the best current prices. The spread for Bitcoin is +10 and for Ethereum is +8 spread. Also, the most popular spreads start from 0.6 pips for forex trading.
It presents a professional user interface with quality trading tools and 5,000+ assets from a reasonably priced commission-free cost structure. CFDs remain acceptably priced, and overall, LimeFx remains an excellent broker to consider for manual traders. LimeFx lists its address, phone numbers, and e-mails, but the most convenient contact form remains the live chat function. An FAQ section answers many of the most common questions, and LimeFx explains its products and services well on its website.
LimeFx provides both desktop and mobile platforms for forex trading, contract for difference trading and spread betting as well as a copy trading app. Read on for information about the broker’s supported platforms. Traders choose LimeFx because of its reputation built up over 50 years in the market and FCA regulation. One of the unique features of the LimeFx offer is telephone trading, which allows traders to make trades over the phone at no additional cost.
LimeFx offers the payment methods of bank wires, credit/debit cards, UnionPay, Skrill, and Neteller. At the time this review of LimeFx was conducted, neither bonuses nor promotions were available. Traders must choose between the MT4 and ETX TraderPro platforms. You should see a button to “Open live Account”, which takes you to the trading interface. OvalX is owned by a joint venture between a UK company JRJ Group and a Netherlands company BXR Group. The two companies acquired Monecor Limited group in 2007 and changed its trading name from TradIndex to LimeFx.
LimeFx Mobile App
Also, the ETX MetaTrader 4 has multiple technical indicators and drawing tools. CFDs are Contract for Difference Trading meaning users can invest in an asset by engaging in a contract between the broker and themselves. Also, CFDs provide tools to trade with additional capital to maximize profits.
For traders that trade in large volumes , it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with a GBP account, there will be a small conversion fee for every trade made. OvalX offers an https://limefx.vip/ average number of payment methods compared to other brokers. Deposits are free, and fees are only charged for withdrawals under certain circumstances. It is also insured by the Financial Services Compensation Scheme . In the event of liquidation, clients may be compensated by the FSCS up to a limit of 85,000 EUR per person.
The ETX TraderPro trading platform gives you access to advanced trading tools like a complete charting package. This lets you take advantage of trading opportunities in real time with powerful technical analysis tools powered by the latest technology. The first five withdrawals of the month are free and consequent withdrawals incur a processing fee of 10 GBP each.