Therefore, traders who wish to scalp the Forex market will find more suitable brokers with an infrastructure that supports it. LimeFx has an analysis category on its website, but it only provides quality market commentary with a theme-based approach. The section makes for an informative read, but the overall value for traders remains minimal. Automated traders get the core MT4 trading platform with the ETX MT4 Remastered upgrade, consisting of numerous add-ons and improvements, but not as sophisticated as other MT4 upgrades.

We define beginner traders as inexperienced traders who have never traded before or have been trading for less than a year. Beginners often do not want to risk trading large sums of money, and will generally not be able to trade full-time during the workweek. OvalX offers full support for MT4 and its award-winning proprietary platform, TraderPro. The proprietary trading platform ETX Trader Pro offers a flexible interface that allows traders to easily trade almost 5,000 tradable assets. In addition, traders can use the popular MT4, but the offer will be limited to 200 trading instruments. OvalX is an FCA and FSCA-regulated broker with a feature-rich proprietary trading platform and a large range of tradable assets.

$10 No Deposit Bonus – Open a Live STP account, $10 Bonus is automatically added to your account – LimeFx

You have worked or currently working in the financial services sector for at least one year. Spread bet and trade CFDs on over 5,000 markets, all from our award-winning platform. The online application starts with the residence and tax country, followed by the trading account type and personal information to complete the initial step.

For professional clients, the likelihood of execution is the factor considered first. In this case, OvalX assesses execution venues to determine which one is capable of executing your order according to the required terms. For retail traders, the likelihood of execution refers to the probability of their trades being executed partially or in full. OvalX, like most CFD brokers, works towards securing the best price for their clients. We have reviewed their ‘order execution policy’ document and here are our findings. The commitment to finding the best results for traders may not always equate to obtaining the best price or lowest cost.

As a regulated broker, LimeFx must satisfy AML/KYC stipulations. Most new clients will complete it by sending a copy of their ID and one proof of residency document not older than three months. At the time this review of LimeFx was conducted, neither bonuses nor promotions were available. limefx review UK-based, Swiss-owned multi-asset CFD broker with 50+ years of experience. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

LimeFx is wholly owned and operated by a firm called Monecor, which is a huge company listed on the London Stock Exchange. LimeFx is primarily a UK-based Forex brokerage; hence, LimeFx regulation is overseen by the FCA. The LimeFx Group has a substantial presence in the EU zone and has its affiliate offices in Russia, Africa, and the Middle East. Therefore, LimeFx is a highly reliable company that deals in top-quality financial services without affecting the trust or confidence of their clients in any manner.

We will be happy to hear your opinion about this brokerage company, you can also read the reviews of LimeFx and see our rating of Forex brokers. To start trading with the LimeFx broker, you need to top up a Deposit of at least $ 100. MT4 accounts can be opened in pounds sterling, US dollars, or euros. This is a popular trading platform that allows you to trade using automated expert advisors.

Is OvalX Safe for Traders?

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the OvalX offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker. The OvalX Trading Academy is run by a third-party provider, the Corellian Academy.

Overall, OvalX’s trading costs are slightly lower than the industry average on the TraderPro platform but slightly higher than average on the MT4 platform. Although a long time has passed limefx courses scam since the launch of MT4, it is still a major player in the market and is loved by traders all over the world. Accessing it from different devices also makes it easier for users to trade.

But, you need to highlight that LimeFx is a market maker that entry requirements and minimum bet sizes are lower than traditional ECN brokers. ETX does motivate traders to make a large initial deposit by offering a free trading course to traders who deposit $1000 . 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.

Leverage

Existing clients are also provided with direct phone numbers to shorten waiting times. In our test of OvalX’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. The Learn Forex Course is a light 24-minute course designed to act as a quick starter guide to inspire new trader confidence.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the risk of losing your money. Spread betting accounts are similar to the normal trading accounts, and enjoy a tax-free status in the UK. The Binary Options account, on the other hand, is similar to a gambling model, as the investor is only making an educated guess on the direction of the movement.

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. Scalpers and other high-frequency traders will benefit from the chart-trading https://limefx.name/ functionality, enabling traders to take advantage of opportunities in fast-moving markets. LimeFx offers all clients the same CFD trading account and conditions. The only difference remains between the MT4 trading account or the TraderPro alternative.

• A free demo account is also available, though you need to provide the same details as to when you open a live account.
• MT4 comes as a desktop version for algorithmic traders, a lightweight web-based version for manual traders, and a mobile app.
• OvalX is a reputable broker with multiple CFDs for beginners to trade.

Currency pairs, indices, commodities, metals, energies, cryptocurrencies, stocks… STARTRADER gives its clients access to a massive trading market. So, both beginners and sophisticated traders could find what they want to trade on STARTRADER. 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.

And global markets, and it can provide direct access to international initial public offerings and secondary placings. 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. OvalX is one of the better brokers sporting a simple fee structure.

Clients who opt for Trader Pro may choose any major currencies, while LimeFx also caters to specific requests. Here is a screenshot of LimeFx MT4 live quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. A volume-based rebate program for the commission-based trading account, as the absence of it makes LimeFx less competitive. Since its October 2020 acquisition by Swiss-based private equity firm Guru Capital, LimeFx has pushed ahead with its expansion plans.

OvalX Execution Policy

The in-house research team posts frequent analyses of both past and future events as well as a daily round-up in written format. Traders should note that because OvalX is a multi-asset broker, most of the analysis relates to non-currency assets. MetaTrader4 is available on IOS, Android, and Windows mobile phones and tablets. The app will connect to the same account as the desktop software, allowing a synchronised and mobile trading experience. OvalX offers a limited number of base currencies compared to other similar brokers.

The final choice between both brokers depends on individual preferences. LimeFx and IG Market present a commission-free pricing environment with a minimum spread of 0.6 pips or $6.00 per 1.0 standard lot. Regrettably, LimeFx limits it to traders using its proprietary trading platform.

OvalX offers fewer trading tools than other international brokers. A mobile version of the OvalX Trader Pro software is available for Android and IOS devices. Traders have the same functionality available on the desktop version, including being able to manage positions, react to market movements, create watchlists, and place trades no matter where they are. Still, recent comments from the community suggest that the application has many glitches and that some of the main features do not work.

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The educational content offers quality material for beginner traders. A dedicated accounts page is missing, and traders must source the information from the FAQ section or via customer support. Two new platforms were launched in March 2014, ETX Trader and a binary option service ETX Binary. Russian, Arabic, Turkish, Polish, Czech, Slovenian and Hungarian versions of the website became available that same year. ETX acquired Dublin-based Shelbourne markets, making the new ETX Ireland the largest Spread Betting/CFD provider in the country.