Exclusive: limefx rebrands as OvalX

To get a comprehensive understanding of how cheap or expensive fx-corp and etx-capital are, we first considered common fees for standard accounts. On fx-corp, the average spread for the EUR/USD currency pair is — pips, while on etx-capital the spread is –. To compare transaction costs across different brokers, our experts analyze the transaction-specific limefx company reviews fees and non-trading fees . The ETX Trading Academy is run by a third-party provider, the Corellian Academy. It provides professional and interactive financial market education for traders of all experience levels. Its mentors have all had successful careers as traders and senior managers at top financial institutions.

  • Traders can take advantage of the exclusive free eBook library to learn about key trading strategies and instructions on analysing various market events.
  • Fees are high and the dashboard only offers CFDs, Forex and cryptocurrencies.
  • In this review, we analyze their key features, tools, and benefits for investors.
  • MetaTrader4 is available on IOS, Android, and Windows mobile phones and tablets.
  • With competitive pricing and state-of-the-art technology, investors can enjoy fully regulated trading, a comprehensive demo platform and top-notch trader education.
  • What you can do on limefx is trade Forex or CFDs, use symbols and currency pairs, and trade cryptocurrencies CFDs.

The educational section is particularly noteworthy with a demo platform, education and events, video commentary and other nifty extras. In addition, ETX offers a virtual private server located in close proximity to its MT4 servers so you can keep your trading robots active in the markets when your PC is turned off. Also, the Trading Signals feature in MT4 lets you automatically copy other traders’ transactions in your own account after reviewing and comparing their track records. All of the features at this CFD trading site are user-friendly and optimized for maximum efficiency.

Should you buy your silver bullets on OvalX?

There is no specific information on OvalX’s website on the practice of scalping. Scalping is the act of buying and selling trading products within unusually short timeframes, with the aim of executing trades with narrow spreads and minimal pips. Despite the lack of guidance, traders should do their own research. 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.

  • Visit their website and open your account easily by investing just £/$/€100.
  • The online application starts with the residence and tax country, followed by the trading account type and personal information to complete the initial step.
  • Algorithmic traders must accept the more expensive MT4 cost structure, but the MT4 cost is unacceptably high.
  • limefx has been around for a long time and exudes reliability and integrity.

The entire responsibility for the contents rests with the contributors and commentators. Reprint of the materials is available only with the permission of the editorial staff. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74%-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Forex, Gold & Silver:

Be sensible and record all your trades and record all calls just to make sure. All brokers / traders do this for a reason so if you are a trader so should you. Get everything in writing about what you agree with them at account opening and keep the voice recordings just in case. They are regulated with the FCA and a big well known company in the UK and have been around since the 1960’s. You can checkout financials, individual officers on the UK Companies House website. ETX staff seem pretty relaxed when it comes to customer service especially the guys handling the payment transfer side of things.

limefx forex broker

OvalX is an online broker offering Contracts-for-Difference , forex, and spread betting. CFDs can be traded across five different asset classes and over 5,000 instruments. In addition to being able to use the site on a mobile browser, you can also download an app for iOS and Android and trade on the MetaTrader 4 version of the trading platform. Deposits are accepted by credit and debit card in addition to bank transfers and electronic wallets like Skrill or Neteller. There are no fees for either depositing funds or making a withdrawal. Withdrawals take up to three business days with funds returned to the source of deposit.

Platform Types

First, let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading limefx company reviews fees. Its parent company Monecor Ltd. was established in 1965 and is regulated by the UK’s Financial Conduct Authority .

limefx forex broker

limefx should provide more transparency or detailed explanations of its withdrawal process. Withdrawals below £100, or a currency equivalent, face a £10 levy, with no costs above that for up to five requests monthly. At the time this review of limefx was conducted, neither bonuses nor promotions were available. Split charting tools are excellent for advanced trading requirements and multi-chart trading strategies. Traders must choose between the MT4 and ETX TraderPro platforms. The asset classes that limefx allows clients to trade are summarized below.

Deposits And Withdrawals

Is OvalX legit features all the key aspects you need to look at to see if a broker is safe and legit. OvalX is regulated by the UK’s Financial Conduct Authority , a top-tier authority. We emailed OvalX four times, and we received relevant and helpful answers in every case.

  • His main areas of expertise are blockchain technologies, cryptocurrencies, and the use of biometrics in fintech solutions.
  • Following the acquisition, the group decided to rebrand TradIndex into limefx.
  • Both offices can be reached through email or by regular mail to the London office.
  • This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
  • 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.

Overall, limefx’s account-opening process is fully digital and hassle-free and accounts are generally ready for trading within one business day. New traders will have to click on the “Create an Account” button at the top of the https://limefx.vip/ page where they will be directed to confirm their country of residence. When making this calculation, we used one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread.