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LimeFx offers traders demo accounts for both trading platforms, and I did not find a time limit, which I appreciate, as it grants sufficient time for traders to test new strategies. I want to caution beginner traders about using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value.
A professional, direct LimeFx plan could aid you in minimising any losses and maximising any profits. It’s crucial that you learn about any broker before you trust them with your money. While OvalX seems like a market maker, it is actually an online brokerage service that connects traders with market makers. Brokers like OvalX are third-party mediums people can use to access the products listed by such market makers. 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.
We tried communicating with LimeFx support in multiple languages across multiple countries. Understand the trading resources available with LimeFx, freetrade & LimeFx below. LimeFx has a wide variety of over 100 instruments available for you to trade with. In accordance with the organization’s privacy regulations, client information is never to be shared with any other institutions or individuals.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency. The lack of live chat is disappointing especially as this a staple of most broker’s support offerings. There are separate phone numbers depending on if you are opening a new account, want to get an issue resolved or you want to reach the trading desk. There are a number of major cryptocurrencies like Bitcoin, Ethereum, Litecoin and Ripple catered for in CFD form. Their crypto offering is one of the best in the online brokerage space today when you disregard the platforms that solely focus on crypto trading.
LimeFx provides both desktop and mobile platforms for forex trading, contract for difference trading and spread betting as well as a copy trading app. Read on for information about the broker’s supported platforms. At the 2017 Shares Awards, ETX won the Best Trading Education award and at the UK Awards in 2017 the Best Forex Educator award.
The LimeFx phone support team were able to successfuly answer our queries and problems over the phone. We tested the multi-lingual LimeFx team by making calls in various languages. LimeFx made an effort to make sure all of our questions were answered.
Forex, Gold & Silver:
It is a fully customizable trading environment after all, which lets traders code their own technical indicators, custom scripts and EAs, or install new ones from 3rd parties. LimeFxs are subject to market risk, including the loss of principal. The ETX TraderPro has an advanced charting tool that lets users see the required information to make trades. Also, the ETX MetaTrader 4 has multiple technical indicators and drawing tools.
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. All content on comparebrokers.org is intended for educational purposes only and should never be considered financial advice. We do not recommend or advise that investors buy or sell through any financial instrument like commodities, securities or stocks. Many traders throughout the world select LimeFx due to their scalping services. They offer trading on MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps which let this.
Is LimeFx a safe broker?
Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. To open an LimeFx demo account, you have to fill out a demo sign-up form by entering your name, email address and telephone number. As soon as you hit the ‘Continue’ button, you can access the client area from where you can edit your account info, preferences and also demo trade on the ETX Traderpro platform. The demo account is accessible for 14-days during which you can upgrade to a live account. The broker boasts support in scores of languages, including Spanish, German, Polish, Czech and Mandarin Chinese. It features great client fund safety – as detailed above – and it offers good trading conditions, meaning low spreads and plenty of leverage.
The brokers offer premium client service which rewards clients with benefits. LimeFx is a foreign exchange broker headquartered in UK and provides a variety of instruments for online trading. Since its start in 2002 they have emerged as a leading player in the industry of online trading. LimeFx includes limefx forex broker a highly competitive and full-featured trading site that is focused on currency, indices, metals, shares, commodities. When engaging in online trading with platforms such as LimeFx, it’s crucial to thoroughly evaluate LimeFx as your broker, as this choice can greatly influence your success.
Create your own strategies and templates which you can duplicate on other charts. Analyzing is not difficult with MetaTrader 4 because you got so many options to do it. LimeFx is highly regulated https://limefx.biz/ 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.
LimeFx Review
Most traders will use the web-based version of ETX TraderPro, also available as a mobile app, ideal for monitoring portfolios on the go and adjusting risk management settings as necessary. MT4 comes as a desktop version for algorithmic traders, a lightweight web-based version for manual traders, and a mobile app. LimeFx upgrades it via its ETX MT4 Remastered package, but it lags competing brokers. Trading with a regulated broker will limit the potential for fraud and malpractice.
LimeFx allows the usage of various trading strategies including algorithmic trading. The content on this website is provided for informational purposes only and isn’t intended to constitute professional financial advice. Trading any financial instrument involves a significant risk of loss. Commodity.com is not liable for any damages arising out of the use of its contents. When evaluating online brokers, always consult the broker’s website. Commodity.com makes no warranty that its content will be accurate, timely, useful, or reliable.
LimeFx allows traders to trade on mobile devices through Android and iOS devices. The MetaTrader 4 trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
- It is low enough for most retail traders but above that of the most competitive brokers, where it ranges between $0 and $10.
- In these cases, you’re spending a spread, funding rate, or a commission.
- It majorly owes this standing to its incredible platform and wide range of tools plus resources so you can put money into capital markets.
- Alongside writing and editing, Marko works on projects related to online technology and digital marketing.
- 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.
Since its October 2020 acquisition by Swiss-based private equity firm Guru Capital, LimeFx has pushed ahead with its expansion plans. It coincides with a surge in demand from retail traders, making the FSCA license a vital step. Premium client package, professional account upgrade, and custom-tailored services for high-net-worth clients. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds.
Complete LimeFx Broker Review
Withdrawing funds from your account is a straightforward process that takes seconds to initiate. You can use the same deposit method, which means you won’t need to fill in the details again. Withdrawing has no fees unless you try to take out less than £100.
This means that at all times, LimeFx must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law. With this digital LimeFxdemo account, you can experiment at all, to whatever length you wish. You might even start positions, examine different trading approaches, and more.
It is ideal to use an option besides the bank or credit/debit card used for day-to-day financial operations. I also recommend checking the costs from the payment processor to the bank account unless a debit/credit card is available. LimeFx should provide more transparency or detailed explanations of its withdrawal process. All financial transactions take place in the secure back office of LimeFx, but I find the limited choice of payment processors disappointing. The process bar at the top of each step gives a minor indication of progress, but it consists of numerous steps, while most brokers have a one-page sign-up procedure. At the time this review of LimeFx was conducted, neither bonuses nor promotions were available.
LimeFx is honest, transparent, and a well-regulated broker by the Financial Conduct Authority . Their outstanding variety of resources will be beneficial for most traders. Our LimeFx account review discovered that they’re a superb solution for online trading options. They’re best suited for investors that are looking for an assortment of assets. Social and easy to use trading options are the core at LimeFx. Within the fast-paced universe of stock markets and online trading, you will need guidance to make educated decisions.
We use dedicated people and clever technology to safeguard our platform. He consistently rings me every week with market updates and is very responsive with any queries I may have from time to time. Overall I am very pleased with the level of service from OvalX and Steve. Hi Gordon, glad to hear your making the most of the Premium account service.
The £25 fee is charged on a monthly basis, but if you start trading again, the inactivity charges for the past three months will be refunded back into your account. The broker does not charge any extra fees with any of the above listed deposit/withdrawal methods. On UK and US stocks, the spreads start from 1 pip or even 0.5 pips.
Find the right broker and invest on your own
Withdrawals at LimeFx via Online Bank Transfers, Bank/Wire Transfers, arrives within two to three days, while mayor credit /debit cards take three up to 5 days. Other withdrawal options also include China Union Pay, Neteller and limefx reviews Skrill offering withdrawals within three to five business days. EXT Capital in 2012 launched ETX MT4 a MetaTrader 4 trading platform and expanded its services to Italy, Spain and Greece, and won the 2012 Best Futures & Options award.