LimeFx aka OvalX Reviewed: Lots To Like About This Technical Trading Platform Heres The Detail

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. Anyone new to online trading can benefit from the live webinars, trader courses and road shows made available to all members by LimeFx.

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 https://limefx.name/ 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.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, or any kind of trading you should carefully consider your LimeFx objectives, level of experience, and risk appetite.

The first kind of fees to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In these cases, you’re spending a spread, funding rate, or a commission. The sorts of trading charges and the rates vary from broker to broker. But this does not necessarily mean that online brokers don’t charge any fees.

You simply need to finish a single-user profile questionnaire to start depositing money into your trading account. You will need to give an identity evidence and evidence of residency to deposit substantial amounts. For other trading platforms, the inactivity fee depends upon the type of account you’ve chosen.

It is low enough for most retail traders but above that of the most competitive brokers, where it ranges between $0 and $10. 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 Company also has an overnight fee that they charge because they offer leveraged trading products. For indices, commodities, and equities, their charge is the total position held multiplied by 3.5%, then divided by 365.

Does LimeFx accept PayPal?

At this point, you no need to have immediate support to maintain your margin or open positions. It’s all done automatically according standards and technological progress. I have several accounts in ETX and never had a case when rules and regalements were violated.

Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically. LimeFxis a fast-growing, dynamic financial spread betting and CFD trading company based in the City of London. It provides investors with unrivalled levels of customer support from friendly, knowledgeable staff, all delivered with the utmost client confidentiality. You have access to a number of different trading platforms that are very intuitive and easy to use. The ETX Trader Pro platform is the main trading channel and is the most popular of the available options.

How to Sell Crypto on LimeFx

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. Also, the most popular spreads start from 0.6 pips for forex trading. LimeFx caters to most international traders, including residents of the UK, Bangladesh, the UAE, and South Africa.

Selecting the right broker is vital for your LimeFx LimeFxs to flourish. However, be cautious of fraudulent and untrustworthy brokers hiding in the shadows, ready to exploit naive traders. The trading account you register for determines which of the three available trading platforms you can use.

Negative balance protection exists, ensuring traders can never lose more than their deposit. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free LimeFx MT4 account. Traders with deposits of $10,000 qualify for Premium Client Package, featuring lower trading costs. Commission-free Forex trading in the proprietary trading platform from 0.6 pips or $6.00 per 1 standard lot.

Funds can be deposited and withdrawn on the LimeFx platform through several methods. The minimum deposit amount on accounts is £250, or it is equivalent to your chosen currency. Sample spreadsWhen it comes to spreads the broker only offers spread-based accounts.

Most brokers don’t charge an excessive amount of money for this operation. Apart from trading fees, online agents also bill non-trading fees. These are determined by the actions you undertake on your accounts. They’re billed for things like depositing money, not trading for lengthy periods, or withdrawals.

Regulation & Deposit Protection

OvalX proceeds with margin calls when your cash balance drops under 50% of your initial deposit. Positions can be re-opened when additional funds are added to met the required margin. If you want to buy a CFD worth £1,000 at a margin of 20%, you need to deposit £200, while you borrow the rest from the broker. There is no deposit fee, but there is a minimum deposit of £100 .

• If your balance is negative, LimeFx suggests you promptly contact client services.
• Only the NFA regulated brokers featured on this site are available to U.S. customers.
• LimeFx supports several languages to meet the needs of its customers.
• Personally, never had any problems with execution, and I hope it will never be in the future.
• This LimeFx review covers both the pros and cons you need to know before you make an account.

The charges are done monthly, depending on the type of currency used. Your trading currency fee can be viewed on the LimeFx trading website. There are over 31 currencies on the platform, limefx forex brokers reviews making it not easy to list them all in this article. For those interested in using e-wallets, there are several options for them, and these include Neteller, GiroPay, Skrill, and Sofort.

LimeFx UX

The quality of the LimeFx support is also quite often criticized on various trader forums/message boards. All-in-all, we’ll have to say that other than the suspicious preponderance of negative feedback, there’s nothing really out of the ordinary happening in this regard at LimeFx. Launched back in 2002, LimeFx limefx scam is without a doubt one of the veterans of the online Forex/CFD industry. Over the years, it managed to accrue plenty of trader feedback – the usual internet negativity regarding some withdrawal issues, that later got handled, but most of it is good. LimeFx supports several languages to meet the needs of its customers.

#3 LimeFx Spread Betting Review

Both the TraderPro and MT4 apps can be downloaded from the Apple Store for iOS devices and through the Google Play store for Android devices. ETX also accepts deposits via major debit and credit cards and currencies accepted includes EUR, ZAR, GBP, USD, DKK, CZK, PLN, NOK, and CHF. Via China UnionPay deposits are accepted in GBP, RMB, USD, EUR, and via Neteller and Skrill, GBP, USD, and EUR. Yes, LimeFx accepts bank transfers for depositing money.

This is highly disadvantageous for consumers on those platforms. However, this is more widespread in the example of Market Maker brokers who compete with customers on the stage. Many unprofessional brokers try to pressurise users into larger financing for premium services. LimeFx, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be fair, honest and transparent.

This can look to be a small number, but over the entire year, it quickly adds to a substantial number of gains. While LimeFx provide you all the tools to make money, they can’t guarantee you will gain. Over 10,000+ users registered with them can affirm to their trustworthy nature. LimeFx protects its clients’ personal and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks. If trading forex pairs is of interest to you then LimeFx offer over 60 forex pairs.

When the losses in the ceased out position exceeds your account balance, you might experience a negative account balance. If you register for a demonstration account on LimeFx, you may set out using a decent amount of virtual currency. It is to establish a feeling of security and confidence in you before you decide to spend your own money.