The company was originally incorporated on 16 June 1965 as Dusrolgraph Ltd. In 2002 Monecor Limited launched a retail derivatives arm called TradIndex. In 2007, the group was acquired by a joint venture between the UK-based JRJ Group and the Netherlands-based BXR Group, whereupon TradIndex was relaunched with a new name – LimeFX. ETX is an acronym for the services the company offers; Electronic Trading, Telephone Trading and Execution Services.
CFDs are Contract for Difference Trading meaning users can invest in an asset by engaging in a contract between the broker and themselves. Also, CFDs provide tools to trade with additional capital to maximize profits. You can expect to be connected within a minute in most cases and find them to offer relevant and helpful advice. Customer support is available between GMT+1 on Sunday 9.30 pm until Friday at 10 pm.
Even though web and mobile trading platforms are very comparable, the latter is highly appreciated for its simplicity and ease of use. As a result, the mobile trading platform at LimeFX gets a slightly higher score than the web trading platform. The standard live trading account comes with a comprehensive collection of features and tools, as well as a £100 minimum initial deposit. Overall our online LimeFX review was conducted with the details obtained from the demo trading and the forex brokers website.
How do you withdraw money from OvalX?
Their terms and conditions are available but be sure to read the section about the promotion offer very carefully. If you confirm your understanding with costumer service, make sure that you get a reply in writing. Normally they will call you and they will change their explanation depending on what person you speak to. Also they are a market maker broker so you never know when LimeFX is taking the other end of one of your trades.
Customise your charts and compare up to eight different markets at once to optimise your trading experience. Our easy-to-use trade tickets make it simple to set stops and limits, enabling you to calculate your risk prior to execution. We also offer free award-winning education on risk strategy and position sizing in order to help you effectively manage risk on every trade. Join a leading trading provider with 50 years’ experience in financial markets. One of the most honest brokers, fast payouts, call rare (that’s a good thing).
Great All Round Experience!
Also, the ETX MetaTrader 4 has multiple technical indicators and drawing tools. Moreover, the LimeFX application lets you see your portfolio and make trades from anywhere in the world. LimeFX supports several languages https://limefx.club/ to meet the needs of its customers. Their official site and FAQ pages have been translated into English, Mandarin, German, Czech, Polish, and Spanish. Also, customer support works in these languages to provide personalized help.
The online application starts with the residence and tax country, followed by the trading account type and personal information to complete the initial step. The multi-step process takes longer and consists of several unnecessary questions but incorporates the account verification process. Scalpers and other high-frequency traders will benefit from the chart-trading functionality, enabling traders to take advantage of opportunities in fast-moving markets. LimeFX offers all clients the same CFD trading account and conditions.
Opening an Account at LimeFX
I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. LimeFX has invested heavily in its education and market analysis materials. With awards for Best Education 2018 , Best Forex Education 2018 , and Best Trading Education 2018 , newcomer traders will find the educational materials welcoming. LimeFX’s educational materials are more comprehensive than other brokers, and it caters to both beginners and more advanced traders. LimeFX offers fewer trading tools than other international brokers. MetaTrader4 is available on IOS, Android, and Windows mobile phones and tablets.
Fees, minimum deposit requirements, withdrawal, account opening, research tools and more. We use over 50,000 data points and a consistent, fact-based methodology. The LimeFX Connect App lets you follow and copy other traders.
- It also has a user-friendly and fast account opening process, as well as a lot of high-quality educational tools.
- We tested the debit card withdrawal and it took 2 business days.
- Here you can stay informed on the regular market news, LimeFX opportunities, and analysis on stocks.
- What’s more — an unlimited Demo Account ensures you can familiarize yourself with the platform before you add funds to your account.
LimeFX offers one account type, which is limited compared to other brokers, and its account is suitable for beginners and more experienced traders. OvalX is financial services product providing financial derivatives limefx trading such as contracts for difference and financial spread betting and, as of 2020, corporate brokerage services. With headquarters in London, LimeFX is a well-regulated forex and CFD broker.
To get to customer care support, use the contact us page on the website. Note that the ETX Trader Pro and MetaTrader 4 are available for any device. You only need one account each to get access to the markets on your devices. Trading is quite easy on the platform and you can open trade with only one click by the order window.
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. Traders at LimeFX have access to 3 trading platforms and 5,000 global markets. These include ETX Binary (for fast-paced trading with minimal LimeFX), ETX TraderPro and ETX MT4 . Traders can view videos of each of the trading platforms before opting in to trade online.
Portfolio and fee reports
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. Great team and great customer service and big thank you specifically to my account manager Stephen. 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 .
Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. They are very unresponsive to my questions regarding withdrawals. Unfortunately since MIFID 2 was implemented they only offer FX . 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.
When they do that they have an interest in you loosing money. I dont trust them and I am happy that I have changed to a cheaper and more honest broker with no conflict of interest. There is a broad range of risk management instruments that are made available to every trader on the LimeFX platform.
- The trading platform is great and most important of all it is simple to use with a lot of different trading tools.
- The trading costs at most other brokers tend to be 9 USD per lot of EUR/USD.
- Their web-based, proprietary platform is very complex and as I’ve said above, it can be a bit difficult for beginners.
- Overall, the ETX MT4 Remastered is a great enhancement to the MT4 platform, but LimeFX would do well to add more trading tools to its trading arsenal.
The pricing is better on Trader Pro, but there are more details to the story. In fact, if you are trying to find detailed and up-to-date information on LimeFX today, you may find that the broker is registered under a new name known as OvalX. However, the platform applies a small fee on cryptocurrencies of 0.5-2%, depending on the trade size. Unlike many brokers, with LimeFX, there is no live chat function, and the customer support is not available 24/7. That said, what customer support they do offer is very prompt and relevant.
How is LimeFX’s Customer Service?
Read on to find out about what you can trade, account types, fees, and to dig into an in-depth platform review. LimeFX also runs a weekly “Learn to trade like a professional Trader” webinar series. Run by market veterans, these webinars help traders gain a quick footing in the world of trading. Overall, LimeFX offers a broader range of assets compared to other brokers, including an impressive Forex lineup. LimeFX offers the MT4 Remastered and a number of trading tools integrated into the TraderPro platform as outlined above. LimeFX’s mobile platform support is average compared to other brokers.