So depending on your chosen trade as a trader, you may either feel bearish or bullish about the longevity of the particular market. LimeFX has different display styles that are accompanied by a broad range of trading tools that meets a trader’s requirement. It is possible to do your research and save the settings just as you want. No stress, it’s just a click on the chart button on the particular market. Right there, you can select the Charts window and click on the kind of selection and style you want. The minimum deposit on OvalX is £100 for card payments, while bank transfers have no minimum deposits.
Live Chat support is available, as well as email and support through Facebook messenger. 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. LimeFX is one of the “big guys” when it comes to online trading, so the answer to the title question should be Yes. However, if you are looking for an extremely user-friendly broker, this may not be it. Their web-based, proprietary platform is very complex and as I’ve said above, it can be a bit difficult for beginners.
To read much more details about the broker’s services and features, expand on the sections below. Overall, the ETX MT4 Remastered is a great enhancement to the MT4 platform, but LimeFX would do well to add more trading tools to https://limefx.name/ its trading arsenal. While MT4 has great customizability, the platform feels outdated, and some of the features may be hard to find. In addition, only the basic orders are available, including Market, Limit, Stop, and Trailing Stop.
With the demo platform, you can boost your trading skills and get acquainted with some tools without risking your real money on the LimeFX. As a trader, you can have limefx website over one trading account on the LimeFX broker, and also for each of the trading platforms available. One can register over five trading accounts with LimeFX.
By virtue of it being a subsidiary of Monecor Limited, a firm publicly traded on the London Stock Exchange, OvalX must also comply with regulatory oversight from the FCA in the UK. OvalX has one Standard account, without the confusion and frustration of having to deal with a series of benefits tied to the size of your account balance. There are statutory requirements that must be fulfilled in order to qualify for a Professional account, but more benefits apply, including a dedicated account support representative. The latter benefit also applies if you have a deposit in excess of $10,000.
For instance, major FX pairs start at 0.1 lot, with an average spread of 1.21 pips. Each customer is entitled to 5 free withdrawals per calendar month for transactions over £100. Those who withdraw money more than 5 times a month will be charged a processing fee of £10 per transaction. LimeFXs are subject to market risk, including the loss of principal. LimeFX takes the necessary precautions to provide the best security for its clients. They hold funds in a segregated account from company funds, making it near impossible for hackers to steal your funds.
Excellent service from OvalX and in…
The standard live trading account comes with a comprehensive collection of features and tools, as well as a £100 minimum initial deposit. Excellent customer service and I really like the fact I get regular weekly calls from my account manager, giving me the heads up for upcoming events later in the week. Also, it would be great if OvalX could start linking up with Tradingview in the future so I could trade directly from the charts on this platform as I find MT4 a little dated nowadays.
Note that none of its services or products are transacted with the citizens of the United States. The official regulation of an online broker is very important nowadays. Traders should check the regulatory status of the company before investing.
- When you choose a platform on LimeFX, you will find classic MT4 platform options.
- Therefore, beginners should avoid leverage trading until they grasp the concepts.
- The conventional MT4 platform is available for FX, commodities, metals, and CFDs trading, while the TraderPro platform is available for equities and indices trading.
- After a month they started to cut down trading assets and expires I won on, after then set max trading limit of 500 eur – the amount you can trade at once, and later suspended my account.
- OvalX supports both MT4 mobile apps, as well as mobile apps for its TraderPro web-based platform.
I’ve known Phil, for ages and 15 years ago worked across the aisle from him when he was running GNI, where they pioneered CFD trading. This was of course when it was mainly for sophisticated investors and you needed a minimum of at least £10k to trade. GNI Touch was a great platform and the first to offer DMA trading en-mass. The minimum deposit amount is £100, €100 or $100, and you can deposit funds in all three base currencies.
The online application takes roughly 20 minutes to complete. The verification process on LimeFX may take up to 24 hours. Having been regulated by top global financial regulators, it is no surprise to say that LimeFX operates legally and is safe to trade with. Apart from this, the company has headquarters at 26 Finsbury Square, London, EC2A 1DS.
LimeFX trade sizes and limits
OvalX was originally an MT4 shop, but it has focused on the development of its proprietary trading platform, TraderPro. There are incentives for using this award-winning platform in the form of tighter spreads. It is web-based, whereas MT4 is only supported in its downloadable or mobile versions. Traders find TraderPro to be user-friendly and full featured. It is a proprietary trading platform, which is aimed at professional and high-volume traders.
A trader could either be on the ETX TraderPro or the ETX MT4. When an account is opened on any of these platforms, it is still permitted to trade on the other platform. There is the MetaTrader 4 and the own developed ETX Trader Pro. There is not so much difference between the MetaTrader 4 and the ETF Trader Pro.
$10,000 Welcome Bonus – Join LimeFX and get a New Clients Bonus up to $10,000
The support staff of the broker is also often derided in trader comments. The platform may get some time to get used to but it has useful features and solid functionality. The website is clean, with well-structured information and is translated in 11 languages. Demo accounts are available, as well as mobile apps but U.S. clients are not accepted. The charts are basic, but come with pretty much all the indicators you could need.
On some of the commodities, low spreads are coupled with massive leverage, so this popular asset class in indeed an interesting one. On the other hand, the broker is quick to admit that some 76% of its CFD traders end up losing money. It could also be that there are in fact scores of disgruntled losers voicing their rage. At any rate, you – a prospective client of the this brokerage – should know about this state of affairs.
The copy trading app features traders from more than 15 major brokerages that you can choose to follow and copy their trades into your own account. 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. The proprietary ETX TraderPro trading platform offers the best trading experience but only supports manual trading.
All customer funds are held separately from the company’s funds and are protected by the FSCS compensation Fund for up to £ 85,000 in the event of the company’s bankruptcy. This part of the website is delivered by Corellian, a partner of LimeFX. On first impression, LimeFX’s website has a clean, intuitive interface and is relatively easy to navigate. ETX’s TraderPro platform can take a bit of getting used to, but the mobile apps are simple to understand and generally hassle-free. LimeFX is open for business around the world with a few exceptions. For example, current residents of the United States, Canada, Singapore, and Switzerland cannot open a live trading account with LimeFX.
It is highly likely that you will want to be able to trade on the move. With LimeFX, using the MetaTrader 4 software, you can do precisely that. You can choose to use the mobile-friendly version of the site in your browser or download the LimeFX app. With the app, you have access to charts which you can customize to suit how you trade, and you can monitor your positions and trade on the go.
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Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide LimeFX or any other advice, for further information please read our General Terms and Conditions. LimeFX does not charge for deposits, but for withdrawals under 100 USD, or currency equivalent, a 10 USD administration fee will be charged.
With headquarters in London, LimeFX is a well-regulated forex and CFD broker. The broker offers trading in CFDs and Forex, as well as excellent customer services, and has decades of expertise. Even though web and mobile trading platforms are very comparable, the latter is highly appreciated for its simplicity and ease of use.