Please be aware that this might heavily reduce the functionality and appearance of our site. With over 50 years of existence in business, plus being regulated under the FCA, the platform has proven to be a secure place for limefx scam any interested broker. It is either a trader who opens a Spread bet position or selects to make transactions on CFDs. Forex with limefx can be carried out in two separate ways, such as a CFD or as a Spread bet.

What’s missing is social trading, US stock, and international stock trading, as well as physical trading of crypto. limefx is one of the “big guys” when it comes to online trading, so the answer to the title question https://limefx.club/ 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.

OvalX (limefx) Review 2022

limefx lists its address, phone numbers, and e-mails, but the most convenient contact form remains the live chat function. An FAQ section answers many of the most common questions, and limefx explains its products and services well on its website. Most traders may only require customer support during emergencies, and limefx ensures swift access when needed. The proprietary ETX TraderPro trading platform offers the best trading experience but only supports manual trading.

Card deposits on OvalX are credited instantly and bank deposits are handled manually by the accounts department and may take up to 5 business days for your account to be credited. The minimum deposit on OvalX is £100 for card payments, while bank transfers have no minimum deposits. Below is a list of the most common questions about ETXCapital.co.uk that traders ask about this broker. There is the option to make virtual trading, desktop and web platforms, proprietary platforms, MetaTrader 4 , and trades from charts. However, many limefx reviews show that the platform fails to deliver quality content and is therefore below the industry standard. For instance, limefx uses tighter spreads at 0.81 pips compared to MT4.

At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He’s also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo-trading, programming and trading.

Poor Customer Support

If you are wondering whether you should trade with this platform, the overall limefx review is that you should bypass it. While there are some good features and customer support, there are still plenty of potential improvements. The commissions and fees are high, there are not many features as we would expect, and the platform needs to improve. In this manner, the minimum initial deposit is 100 GBP, and there are no active trader or VIP discounts.

Existing clients are also provided with direct phone numbers to shorten waiting times. In our test of limefx’s live chat support, agents were connected within a minute and provided relevant answers. We also enjoyed the professional tone of the customer service team. However, if you don’t respond quickly enough, the live chat closes.

limefx (aka OvalX) Reviewed: Lots To Like About This Technical Trading Platform. Here’s The Detail

Overall, limefx’s trading costs are slightly lower than the industry average on the TraderPro platform but slightly higher than average on the MT4 platform. Had successful careers as traders and senior managers at top financial institutions. FXScouts has been the UK’s most trusted Forex broker review site since 2019. Our team has written 100+ broker reviews and we constantly test to maintain accuracy. We tested the Trader Pro platform across several categories.

One can register over five trading accounts with limefx. You can always contact the broker if need be that you want to have more than five accounts on the platform. When it comes to spreads the broker only offers spread-based accounts. The advantage of this is that you pay no commission on most of your trades . The spread is starting with 0.6 pips in forex and 1 point in indices. The trading costs are very competitive with other CFD Brokers.

How to trade with limefx:

The user interface of OvalX is a bit unfriendly, and it takes some time to find some information. At the time of this writing, the support on the new website is still not good enough. 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. News Center Section For economic news updates market, technical analysis updates and other market information updates.

• Consequently, the total profit made on these trades is deemed void and therefore have been deducted off your trading account.
• For example, you can find webinars about trading strategies, trading tools, technical analysis, etc.
• The mobile version features advanced charting and most of the features of the desktop version.
• Trading products on margin carry a high level of risk and may not be suitable for all investors as it may result in a loss that rapidly exceeds your deposit.
• However, if you are looking for an extremely user-friendly broker, this may not be it.
• limefx has been around since 2002 and the parent company was founded in 1965.

Visit their website and open your account easily by investing just £/$/€100. You can utilize the demo account to learn more about the trading platforms and their features before you invest real money. 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.

Equity markets open and close each trading day and are not operational continuously like Forex and cryptocurrencies. Negative balance protection exists, ensuring traders can never lose more than their deposit. 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. 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.

In the unlikely event, you do get a customer service agent, they typically have an attitude or are unable to help you resolve your problem. 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 asked 4 different questions from different areas and I got a very detailed and easy to understand response. Excellent brokers, clean execution good personal support, and honest education.

Trading products on margin carry a high level of risk and may not be suitable for all investors as it may result in a loss that rapidly exceeds your deposit. It is highly recommended limefx forex broker that investors fully understand the risks or seek independent advice if necessary. Toll-free number or a direct number to the new accounts office where hours are 8 a.m.

• All of this is done to ensure there is fairness in the final price quoted to traders.
• Being in operation for a long time and regulated by a top-tier authority are all great signs for OvalX’s safety.
• To familiarise yourself with trading, you have the benefit of being able to open a demo account before you trade with a live version.
• limefx provides a learn forex platform video tutorial section where traders can learn how to trade with the platforms of limefx Broker.

We also liked the professional tone of the customer service team. OvalX offers only MetaTrader 4 as a desktop trading platform. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

• With competitive pricing and state-of-the-art technology, investors can enjoy fully regulated trading, a comprehensive demo platform and top-notch trader education.
• Access over 5,000 CFD markets across Forex, Indices, Shares and Commodities with a premium, advanced trading platform.
• We tested TraderPro’s mobile trading platform as it is OvalX’s own in-house trading platform.
• ETX is a market leading financial CFD, Forex and Binary firm.

The tradable assets covered by the brokerage include FX pairs, commodities, indices and equities. To gain access to perks such as higher leverage, traders need to up their trading volumes. In addition, news updates are made available on Twitter and Facebook.