Contents
Winner of numerous awards, the ETX TraderPro software was designed for experienced traders with advanced charting, and numerous drawing and risk-management tools. You will https://limefx.biz/ then be questioned about your financial background and trading skills. When this information is completed, there will remain two more steps for the trader to complete.
There is a broad range of risk management instruments that are made available to every trader on the LimeFX platform. These tools are the stop losses, limit orders, and guaranteed Stops, and they are used to control the level of risk on the platform. If you are a new trader, you can begin with a small trade that fits your financial capability.
Overall, LimeFX offers fewer trading account currencies than most other large international brokers, but it offers accounts denominated in GBP. Average spreads using the TraderPro platform are 0.81 pips for the EUR/USD, 1.40 for the EUR/GBP, and 1.06 for the USD/JPY, which is tighter than the industry average. 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. LimeFX is a secure trading platform with competitive spreads and no hidden fees.
Are you sure you want to miss out on great trading opportunities?
The account opening process at LimeFX is user-friendly, fully digital and accounts are ready for trading within one day. Overall, LimeFX’s trading costs are slightly lower than the industry average on the TraderPro platform but slightly higher than average on the MT4 platform. Another important cost to consider is the swap rate charged on positions held overnight. These are the interbank market ‘tom-next’ rates plus LimeFX’s standard fee of 1.35% per annum. Positions held overnight on a Wednesday will be subject to three days of swap charges.
Here’s our expert view after checking the OvalX trading app. OvalX is regulated by the UK’s Financial Conduct Authority , a top-tier authority. We emailed OvalX four times, and we received relevant and helpful answers in every case.
Deposit and withdrawal
The commissions and fees are high, there are not many features as we would expect, and the platform needs to improve. LimeFX has a limited product portfolio, which doesn’t make it a great trading platform for users. The fees are high, and the dashboard only offers CFDs, forex, and crypto. Charting is the only available research tool, and there are no ideas, fundamental data, or relevant news.
LimeFX offers tight spreads, in a variable spread environment. The average spread for the EUR/USD is 0.6 pips, while the average spread for gold is 0.09 pips. With that type of tight spreads being offered, you can see that fighting profit won’t be overly difficult.
We included any information that is unlikely to go out of date anytime soon. A spread is the amount charged for buying and selling a trading instrument. It is made up of the difference between the buy and sell prices of a product often referred to as ‘pip‘. Our ultimate guide to the OvalX minimum deposit is updated regularly. Live chat is also helpful, but if you don’t provide answers quickly, the live chat platform closes. We tested both TraderPro and MetaTrader 4 research tools, but primarily reviewed TraderPro because it is OvalX’s own platform.
- MT4 supports algorithmic trading and has an embedded copy-trading service but comes with higher trading costs.
- The only charges you could incur are from your bank or building society.
- Monecor Ltd., the entity that handles EU accounts, is regulated by the Cyprus Securities and Exchange Commission .
- Being in operation for a long time and regulated by a top-tier authority are all great signs for OvalX’s safety.
- LimeFX’s range of financial instruments for CFD trading , includes Forex, share CFDs, commodities, bonds, cryptocurrencies, and indices.
The system will demand that you select your country of origin from a list. Before you can be allowed to trade on the platform as a first-timer, there are some questionnaires you must answer. You would be asked to input your email, name, country of origin, and functioning phone number. You would be told to select your kind of trading platform, which could be MT4, TraderPro. Also, you will select your currency, which could be USD, EUR, or GBP. So depending on your chosen trade as a trader, you may either feel bearish or bullish about the longevity of the particular market.
Our Review Rating System (More Info)
Of course, there are other available markets, but traders must register an account to see the full listing. With respect to indices, it’s possible to trade with CFDs without taking ownership of any shares. The list of indices includes France 40, UK 100, Euro stocks, SP 500, Japan 225, and Hong Kong 40. Risk Warning – Trading CFDS, FX and Cryptocurrencies involves a high degree of risk.
This ‚practise‘ account type allows you to get familiar with the site either on desktop or mobile and to learn about the various features. You can get to grips with the software, place some test trades and get a feel for the site in general. All of the features at this CFD trading site are user-friendly and optimized for maximum efficiency. ETX Capital offers a full spread of features including Platforms, Markets, Trading, Education & Tools and an About Us section too.
Overall, LimeFX’s account-opening process is fully digital and hassle-free and accounts are generally ready for trading within one business day. New traders will have to click on the “Create an Account” button at the top of the page where they will be directed to confirm their country of residence. When making this calculation, we used one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread. As a long-established, publicly-listed financial company with strict regulation and frequent industry recognition, we deem LimeFX a safe broker. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here.
ETX is a market leading financial CFD, Forex and Binary firm. 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. The MT4 EA community of developers is very active, so renting or buying algorithmic trading software is very easy. Monecor Ltd is authorised and regulated by the FSCA under license number 50246. It is either a trader who opens a Spread bet position or selects to make transactions on CFDs.
Top 100 Brokers
Forex with LimeFX can be carried out in two separate ways, such as a CFD or as a Spread bet. This is one of the vital decisions to make because it is a core strategy of any trade, and the kind of deal selected may influence the period a position is held open. As excellent researchers, we have spent several months studying several CFD platforms.
LimeFX’s educational materials are more comprehensive than other brokers, and it caters to both beginners and more advanced traders. LimeFX’s range of financial instruments for CFD trading , includes Forex, share CFDs, commodities, bonds, cryptocurrencies, and indices. A mobile version of the ETX Trader Pro software is available for Android and IOS devices. Still, recent comments from the community suggest that the application has many glitches and that some of the main features do not work. Additionally, people complain that it constantly freezes and times out. LimeFX’s trading platform support is average compared to most other brokers.
- My relationship manager, Stephen, has proved to be a person of integrity and very competent I have no hesitancy in recommending ETX to my friends.
- Here’s our expert view after checking the OvalX trading app.
- Despite the lack of guidance, traders should do their own research.
- You won’t find welcome or no deposit bonuses, particularly in Europe.
LimeFX offers the payment methods of bank wires, credit/debit cards, UnionPay, Skrill, and Neteller. As a regulated broker, LimeFX must satisfy AML/KYC stipulations. Most new clients will complete it by sending a copy of their ID and one proof of residency document not older than three months.
OvalX UK FAQs
We use dedicated people and clever technology to safeguard our platform. This I feel is very refreshing as over the past year or so I noticed from other companies the aforesaid has been lacking. I have been trading with ETX for 4 years and always found them to be professional and extremely competent.
With the ETX MT4 platform, traders can use Expert Advisors for automated trading, trade micro-lots, use MT4 hedging and one-click trading. MT4 also comes with the ETX MT4 Remastered plugin, which will be discussed below in the trading tools section. Additionally, LimeFX provides a comprehensive selection of video tutorials to help familiarise traders with the platform. Overall, Trader Pro provides traders with an excellent trading experience.
We tested it and collected the options and costs in How to withdraw money on OvalX. Check out the current account balance requirements at OvalX in our What limefx review is the minimum account balance at OvalX article. Is OvalX legit features all the key aspects you need to look at to see if a broker is safe and legit.
News Center Section For economic news updates market, technical analysis updates and other market information updates. The LimeFX News Center includes live daily market updates and market commentary and morning overview for each new day. LimeFX news updates are also available on Facebook and Twitter social channels. Trader Pro accounts can be opened in all of the major currencies.
There is a Financial Service Compensation Scheme which safe the client’s money up to £85,000. LimeFX is highly regulated by the FCA in the United Kingdom. This is one of the most famous regulations and licenses in the world. Through this regulation, we can recommend that the broker is safe to invest with. Note that you will be unable to add funds, trade, or withdraw funds until your account is activated. Note that if your balance is below £10,000 at the beginning of the month, Premium Account services will no longer be offered to you.
You can always contact the broker if need be that you want to have more than five accounts on the platform. Brokers like LimeFX offers all their clients permission to access top competitive prices in more than 5,000 several markets as well as balanced management of their customer services. Though the platform has many supporters or fans from all over the countries across the world, its main headquarters is in London. LimeFX is the popular name for Monecor in London, a big company behind LimeFX. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.