Dark versionDefault version

LimeFx Forex Broker LimeFx Reviews & Trading Information

LimeFx broker reviews
LimeFx broker reviews

Those residing in the US, Canada, Singapore and Belgium are expressly forbidden from accessing the website and the brokerage. By submitting your review you agree to the REVIEWS.io terms & conditions. In Feb 2023, OvalX agreed to sell client assets to rival London firm Capital.com after having experienced limefx significant losses since the acquisition by Guru Capital. ETX Denmark, ETX Romania and ETX China come online in 2013, and the company launched its affiliates program. The company was originally incorporated on 16 June 1965 as Dusrolgraph Ltd. On 30 May 1973, the company changed its name to Monecor Ltd.

Who owns LimeFx?

In October 2020, Swiss based private equity firm, Guru Capital, completed the acquisition of LimeFx from UK based, JRJ Group. In June 2022, LimeFx was rebranded as OvalX and appointed Luca Merolla as CEO. Merolla has previously ran the bankrupt Oval Money.

The profitability factor of LimeFx is slightly on the lower side, especially considering the fact that other binary brokers offer up to 400% return on several high-risk binary options. The comparitively lower amount of profitability can be attributed to the FCA regulation, which puts several restrictions on the way binary options brokers operate. The platform offers an impressive range of trading tools, in addition to a similarly impressive charting package. Through this platform, traders can open up the charts of various products and then trade away directly from there.

Verdict – Is OvalX right for you?

In addition to full-list LSE fundraising ability, the company can facilitate debt restructuring, buyouts, acquisitions and growth capital financings. And global markets, and it can provide direct access to international initial public offerings and secondary placings. The LimeFx Connect App lets you follow and copy other traders. The copy trading app https://limefx.biz/ 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. For professional clients, the likelihood of execution is the factor considered first.

LimeFx broker reviews

Not saying they are perfect although I can’t see any BO provider out there today that I would trust other than these guy’s. Be sensible and record all your trades and record all calls just to make sure. All brokers / traders do this for a reason so if you are a trader so should you. Get everything in writing about what you agree with them at account opening and keep the voice recordings just in case. I’ve been trading binary options with them since early 2016.

Fees, Limits, and Payment Options on LimeFx

Beside web-based desktop platform, LimeFx also has a mobile version for Android users. It is available for tablets and mobiles, but let’s hope that they will introduce the same possibility for iOS devices. 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.

Traders should note that because OvalX is a multi-asset broker, most of the analysis relates to non-currency assets. OvalX’s mobile platform support is average compared to other brokers. The customized workspaces ensure individual flexibility, a feature that more and more clients demand from a competitive trading platform. Spreads are slightly wider on the MT4 platform, averaging at 1.01 pips for the EUR/USD, 1.54 pips for the EUR/GBP, and 1.35 pips for the USD/JPY. Overall, OvalX’s non-trading fees are low, and fees are only charged for withdrawals under certain circumstances.

Despite the lack of guidance, traders should do their own research. Regulated by four financial organizations, OvalX is considered a legitimate online broker. The company is UK-based and is regulated by the Financial Conduct Authority in aid of British traders. OvalX is an online broker offering Contracts-for-Difference , forex, and spread betting.

Does LimeFx have an inactivity fee?

The LimeFx product portfolio is considered limited with trading offered in forex and CFDs. An inactivity fee of $25 per month is charged if an account is inactive for six months. Limited research tools are available on both the TraderPro and MetaTrader 4 platforms.

Stop Loss manipulation is only part of the problem apparently. Some traders have complained about having their accounts suspended as soon as they became profitable, while others have said that their withdrawal requests were squarely denied. The support staff of the broker is also often derided in trader comments. There is a free demo account which is easily accessible and will allow you to practise trading. Use the MetaTrader 4 version of the ETX trading platform while you familiarise yourself.

Satisfied customer

All UK residents are eligible to open an account at OvalX but have to meet the minimum deposit requirement of 100 USD. Had successful careers as traders and senior managers at top financial institutions. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I have recommended them and their platform to a number of fellow traders. We’re happy to hear our Premium account service is working for you. The icing on the cake with the OvalX service is access to 2 weekly webinars provided by Corellian Academy which are highly useful, professional and informative.

Any instruments that are mentioned throughout are cited only for illustrative and educational purposes. If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either. We know https://limefx.club/ you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country. Price, cost, speed, the likelihood of execution, and size are OvalX’s core execution factors.

Also, the smartphone app is reliable and lets customers invest on the go. LimeFx offers commission-free pricing across all its platforms. The Trader Pro fees are much smaller than the MetaTrader but have a more complicated user interface. Therefore, we advise using Trader Pro to minimize the fees you’ll pay.

CMC Markets taps TrueLayer to enhance payments and client … – FinanceFeeds

CMC Markets taps TrueLayer to enhance payments and client ….

Posted: Wed, 08 Jun 2022 07:00:00 GMT [source]

UK residents will be trading under the subsidiary, Monecor Ltd, authorised and regulated by the FCA in the United Kingdom. Very responsive, helpful and good range of products to trade on a solid platform. I have a brilliant account manager Stephen O’Sullivan who calls each week to give me heads up on big news in the week ahead. This is very helpful for me to formulate a strategy for trading in the week ahead. The content on this website is provided for informational purposes only and isn’t intended to constitute professional financial advice.

Best Trading App 2023

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. As the name suggests, this platform is geared towards experienced traders. Therefore, it provides comprehensive access to the financial markets and tools to help trading.

Is LimeFx good?

LimeFx Overall Rating

LimeFx's strong 4.5 overall rating comes as a result of its excellent trading platforms, educational resources, pricing and trade executions. The broker also provides access to copy trading and spread-betting services.

In this manner, the minimum initial deposit is 100 GBP, and there are no active trader or VIP discounts. All of these make the platform engaging for different traders. 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. TraderPro and MetaTrader4 are two mobile trading platforms offered by LimeFx. TraderPro is a mobile app that works on both iOS and Android smartphones.

LimeFx fees: How much does it cost to trade?

Commodities and Indicies have gone, probably something to do with them being futures rather than spot and MIFID 2 rules on pricing. That said I never saw a problem with the futures prices when they were there. 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.

Joe Rundle leaves Markets.com to join Capital.com as broker … – FinanceFeeds

Joe Rundle leaves Markets.com to join Capital.com as broker ….

Posted: Tue, 25 Jan 2022 08:00:00 GMT [source]

However, there are of course some areas where the firm can improve on. First, the fact that it’s only available in a few selected countries means that most global traders won’t benefit from ETX at all. Also, the advanced trading technology offered here can feel intimidating for a new trader. But all in all, LimeFx is a solid and reliable online broker that you can trust. When it comes to forex pairs, spreads range from 0.6 pips to 3.87 pips.

  • ETX staff seem pretty relaxed when it comes to customer service especially the guys handling the payment transfer side of things.
  • Good news is that once the account reaches zero, fees will be prevented from charging.
  • They are very unresponsive to my questions regarding withdrawals.
  • Another important cost to consider is the swap rate charged on positions held overnight.
  • LimeFx, which has been operating in the United Kingdom for more than 50 years, is among the top CFD and Forex brokers today.

Users caught spamming or abusing will be deleted from the site and prohibited from future registration at thatsucks.com and affiliates. We recommend staying within the range of good taste and respectful language to avoid any unpleasantness. Tracey, Ive just stumbled accross this broker, and you are right there are notices all over their website saying that binary is not regulated by FCA. Having said this, they are massive and well respected as far as I can tell. Other than that, clients seem to have a positive opinion about this brokerage. Keep in mind that all brokers will have unsatisfied clients at one point or another; in fact, that is true for all companies, no matter the field they activate in.

LimeFx broker reviews

Live Chat support is available, as well as email and support through Facebook messenger. Accounts are not structured in the “classic” way of Beginner, Silver, Gold, VIP, etc. but instead LimeFx offers the possibility to open a Meta Trader 4 account or a TraderPro account. The main difference between the 2 is the platform you’ll be trading on and all other trading conditions are the same.

The same number of days applies for this kind of deposit too. 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.

Is LimeFx legitimate?

Yes. LimeFx is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

Leave A Comment

Your email address will not be published. Required fields are marked *

You cannot copy content of this page