LimeFx forex broker: LimeFx Forex Broker Review and Rating 2023 Detailed LimeFx information with traders reviews for 12 March 2023

LimeFx forex broker
LimeFx forex broker

In addition, LimeFx is redirecting all its traffic to the new web address. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Trading is quite easy on the platform and you can open trade with only one click by the order window.

  • The LimeFx website has a quality interface, provides lots of tools and charts for making trades easy.
  • In addition, LimeFx is redirecting all its traffic to the new web address.
  • A minimum deposit of $100 is required to establish a live account.
  • Not all deposit methods are available to all traders, dependent on the geographic location and account base currency.

Those who possess the required skills, can use the platform to create their own technical indicators and custom scripts, not to mention EAs. The broker offers two platform options (three if one counts the mobile version of MT4 that’s provided, as a separate option). Some traders feel that their stop-losses have been manipulated.

Integrating Services

So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below limefx to find a high-scoring broker that accepts clients from your country. The market coverage of the broker is decent as well and it makes trading available to its clients on the go.

I always recommend that traders check them before evaluating the total trading costs. 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. It coincides with a surge in demand from retail traders, making the FSCA license a vital step.

The first line of accepted deposit/withdrawal methods is made up of bank wires, online bank wires and various credit- and debit cards. On UK and US stocks, the spreads start from 1 pip or even 0.5 pips. On Chinese and South African stocks on the other hand, they start from pips, so there is quite a difference indeed.

ETX acquired Dublin-based Shelbourne markets, making the new ETX Ireland the largest Spread Betting/CFD provider in the country. 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.

LimeFx forex broker

It is important to note that deposits aren’t allowed from any third parties due to security reasons. Payments can only be made to and from an account that has the same name as the one on your registered trading account. The OvalX website has a separate learning centre tab to help beginners learn the ropes and for other traders to brush up on their knowledge about markets and strategy development. The supported materials include a blog, trading guides, news and analysis, and webinars.

Compare OvalX to other brokers

There is a Financial Service Compensation Scheme which safe the client’s money up to £85,000. Interestingly, the spreads are not bad on the other asset categories either. The commodities section covers gold, silver, oil as well as wheat and corn. EAs need a good VPS service to truly work their magic and LimeFx does not disappoint in this regard either. It has to be pointed out however that the VPS service is not a default one. Those who want it are required to contact ETX support and request it.

LimeFx forex broker

Others have had less than ideal experiences with the support staff, while still others bemoan the multitude of hoops, they had to jump through to even attempt a withdrawal. As we’ve already established, the broker really holds its services in high regard. Their opinion is what truly sets the issue straight in this regard.

During the 2017 UK Forex Awards, ETX won as Best Forex Educators. It also bagged Best Trading Education at the Shares Awards in the same year. LimeFx has been doing well, and it will continue on this trajectory to keep its clientele happy.

Is LimeFx legit?

Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D. Interestingly, of the two, TraderPro is considered to be the flagship platform of the broker. As such, it offers advanced charting, various trading tools and technical indicators, as well as access to over 5,000 markets. ETX Capital 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. Though the basic market spread is broader since a 3-day position is done instead of one.

The demo account does not ask for credit or debit card details. The LimeFx demo account focuses on ETX TraderPro, one of the most robust trading platforms managed by the brand. The demo account illustrates that the trading platform has everything that experienced traders will need.

LimeFx forex broker

There are online links to each product group and the prevailing spreads. The posted value for the EUR/USD pair, the standard in the forex industry, was 0.7 pips, which applies to all traders. There is not the annoying claim of low fees, but only for upper account deposit echelons. In addition to keeping the funds of its clients safe, the broker offers some very attractive trading conditions too. In addition to that, its support is said to be top-notch and its trading platforms are on the cutting edge as well.

Best Trading App 2023

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. LimeFx is highly regulated by the FCA in the United Kingdom.

My positions were closed by margin call and I wasn’t able to add funds because there were some technical issues on broker’s servers. BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners.

Executing Trades

They also provide multilingual London-based assistance and personal account management to traders. Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies. From stat-arb and trend-following CTA to fixed-income relative value.

When a trader opens the demo, they will see popular markets ranging from stocks, commodities, currency pairs, and indices. To search for a specific market, traders can use the “Market Search” button. Users of ETX TraderPro can also create watch lists so that they have a trading experience tailored to their particular interests. The platform also limefx website provides a detailed price graph, along with market alerts to help traders decide on whether they should buy or sell. LimeFx offers clients 2 excellent trading platforms, top-quality customer service and access to trading in various markets. New traders also can take advantage of the extensive educational features offered by the broker.

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