LimeFx Review Forex Brokers

The proprietary ETX TraderPro trading platform offers the best trading experience but only supports manual trading. MT4 supports algorithmic trading and has an embedded copy-trading service but comes with higher trading costs. LimeFx offers commission-free pricing on all platforms when it comes to its forex pairs.

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. I like the 79 currency pairs LimeFx offers, placing it in the top quintile of brokers, but the seven cryptocurrency pairs remain a disappointment.

LimeFx Trader ProThe ETX Trader Pro software is developed by LimeFx. The Software gives you the same tools as the MetaTrader but the interface is much smoother and user-friendly. Multiple chart types, technical indicators, and drawing tools are available for analysis. In addition, you get access to dynamic risk management which helps you to control the risk of different positions very easily. Trading is quite easy on the platform and you can open trade with only one click by the order window. Create your own strategies and templates which you can duplicate on other charts.

Traders Can Find OvalX’s Educational Resources Here

OvalX offers 2 main account types; Standard Accounts for retail traders and Professional Accounts for professional clients. Both account types can be classified as Premium Accounts with special benefits if you maintain a minimum balance of £10,000. LimeFx offers corporate brokerage and finance services as a member of the London Stock Exchange .

LimeFx has high economic reliability and more than 5000 markets. The initial deposit is very low; you need only 250 USD, giving the dealers a good hold-up and educational resources. The deposit can be made through bank transfers, FBP, EUR, SEK, CZK, AUD, CHF, CAD, or HRK. The deposit is made within one working day, whereas the withdrawal is made within 2-3 days. There is no payment for the deposit; you get five withdrawals at liberty.

OvalX Trading Platforms

Our experienced writers publish fresh content from the latest news, reviews and opinion articles daily besides exclusive content, spoilers, and celebrity interviews. Forex, stock markets, stock market movements, and European financial https://limefx.club/ markets are all covered in this section of the blog. A broker company may provide its clients a multi-asset platform to execute their trades that enables them to trade both Forex and other asset classes including CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Brexit significantly impacted profits, leading to a sharp decline in trading revenue – down 45% compared to the previous year. Despite this, their funding revenue climbed by 39% due to an increase in professional clients, giving some insight into Nettle’s strategy for the company.

There’s a broad range of trade on LimeFx, a top industry-leading forex trading platform with a healthy and competitive spread. The CFD Broker is known to provide a flexible trading encounter for customers and gives additional helpful materials like educational materials for clients. In addition to excellent trading platforms and fast executions, the well-established broker offers spread betting, copy trading and excellent educational and research resources.

Also, the intuitive and easy-to-navigate nature of the broker’s 2 supported trading platforms and its copy trading app gives the user an excellent trading experience. The MT4 remastered app, which allows for automation and access to a mini terminal, adds to the MT4 platform’s viability. I like the trading environment at LimeFx for manual traders in the ETX TraderPro trading platform.

• We could not fully determine from the document if OvalX is an STP or ECN broker.
• Scalpers and other high-frequency traders will benefit from the chart-trading functionality, enabling traders to take advantage of opportunities in fast-moving markets.
• Its net loss was £6.8 million after a tax credit, falling from a net profit of £428,000 in the previous year.
• LimeFx MetaTrader 4MetaTrader 4 is one of the most popular trading software for many years.

The educational content offers quality material for beginner traders. Automated traders get the core MT4 trading platform with the ETX MT4 Remastered upgrade, consisting of numerous add-ons and improvements, but not as sophisticated as other MT4 upgrades. LimeFx offers all clients the same CFD trading account and conditions. The only difference remains between the MT4 trading account or the TraderPro alternative. Clients who opt for Trader Pro may choose any major currencies, while LimeFx also caters to specific requests.

Brokers

Deposits made with debit or credit cards can be in GBP, USD, EUR, CZK, DKK, NOK, ZAR, CHF, NOK, or PLN. The application looks just the same as the official website with the same controls and functionalities. All kinds of trade types and offers are the same on the mobile platform, also are the account management features and trade history.

Any instruments that are mentioned throughout are cited only for illustrative and educational purposes. Not all deposit methods are available to all traders, dependent on the geographic location and account base currency. The online application starts with the residence and tax country, followed by the trading account type and personal information to complete the initial step. The multi-step process takes longer and consists of several unnecessary questions but incorporates the account verification process. Scalpers and other high-frequency traders will benefit from the chart-trading functionality, enabling traders to take advantage of opportunities in fast-moving markets. Equity traders get a well-balanced choice of large-cap and mid-cap CFDs, offering all traders and strategies advanced diversification opportunities across countries and sectors.

Their website is very clear and easy to use and caters to a number of languages. Join a leading trading provider with 50 years’ experience in financial markets. The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose.

North American Markets

A trader has to determine if a financial trading platform like OvalX is trustworthy and safe to deal with before deciding to sign up with them to begin trading. Using trading platforms such as OvalX always comes with benefits and drawbacks so it is important to exercise caution. Knowing these details will help you weigh things and come up with your final decision. They do have a comprehensive education offering and this extends to traders of all different types of experience level. They also have training programs and mentoring sessions available. You can also use an online bank transfer which will also have the same times.

Informative list of features, parameters, and service

Step 1) Go to the OvalX website at /en-gb, and click on the ‘Open live account’ button, highlighted in green at the centre of the page or ‘Create Account’ on the top right corner . You can make deposits in other currencies regardless of your chosen account base currency. You have worked or currently working in the financial services sector for at least one year. This account also has negative balance protection, which means you cannot lose more than the money you invested. The TraderPro mobile app is available for both iOS and Android devices. The mobile version accurately emulates the desktop version of the platform and integrates seamlessly with the desktop version.

In an official response to Finance Magnates, OvalX said it is undergoing a strategic review to optimize its business and adapt to the current economic climate. It did not mention anything about the shuttering of its operations. Instead, the company confirmed an ongoing cost-cutting and efficiency program is in place. OvalX might be in the process of shutting down its operations and starting layoffs, an industry insider close to the company revealed to Finance Magnates. It came after the takeover of the FX and CFDs broker by the Swiss private equity firm, Guru Capital. MarkMeets.com is an online news website covering entertainment and media via digital, print and live event coverage.

What is the minimum deposit at LimeFx?

In addition, different base currencies are offered for the trading account. LimeFx provides a very fast execution by using large and trusted liquidity providers. All in all, the company provides very good conditions for investors. DailyLimeFx adheres to strict guidelines to preserve limefx scam editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.

Just as mentioned earlier, the minimum deposit condition on the LimeFx platform is $250, or it’s equal in your chosen currency. Deposits can be made through bank transfers or wire transfers in different currencies such as USD, GBP, EUR, ZAR, SEK, SGD, PLN, NOK, CZK, HKD, AUD, CHF, CAD, or HRK. Deposits take a minimum of one business day, while withdrawal is about two to three days. The same number of days applies for this kind of deposit too.