Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. Forex Awards shall not be liable for any loss, including unlimited scammed by limefx loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the press releases or reviews made by the site contributors about the limefxpanies.

limefx forex broker

limefx offers the payment methods of bank wires, credit/debit cards, UnionPay, Skrill, and Neteller. The process bar at the top of each step gives a minor indication of progress, but it consists of numerous steps, while most brokers have a one-page sign-up procedure. 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. Traders should read the FAQ section before reaching out to a customer service representative. limefx offers an in-house research section, which is informative but lacks overall value amid the absence of trading recommendations.

Customer service

We also enjoyed the professional tone of the customer service team. However, if you don’t respond quickly enough, the live chat closes. limefx offers two mobile trading platforms, TraderPro and MetaTrader 4. The demo account is unlimited and comes loaded with virtual currency.

  • There’s more comprehensive educational content for beginners.
  • The account opening process at limefx is user-friendly, fully digital and accounts are ready for trading within one day.
  • To meet the requirements, you need to meet two out of three criteria.
  • It also has a user-friendly and fast account opening process, as well as a lot of high-quality educational tools.
  • You get the odd trade rejection on big spikes although this is getting far better and I haven’t had one for ages.
  • Scalpers and other high-frequency traders will benefit from the chart-trading functionality, enabling traders to take advantage of opportunities in fast-moving markets.

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. An operating subsidiary offering higher leverage to retail traders. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database.

See all scandinavian and emerging forex pairs.

This selection is based on objective factors such as products offered, client profile, fee structure, etc. The product portfolio is also limited, covering only CFDs, forex and crypto. Charting is the only available research tool, with no trading ideas, fundamental data or news provided. Not saying they are perfect although I can’t see any BO provider out there today that I would trust other than these guy’s.

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

Traders at limefx have access to 3 trading platforms and 5,000 global markets. These include ETX Binary (for fast-paced trading with minimal investment), ETX TraderPro and ETX MT4 . Traders can view videos of each of the trading platforms before opting in to trade online. I like the trading environment at limefx for manual traders in the ETX TraderPro trading platform. It presents a professional user interface with quality trading tools and 5,000+ assets from a reasonably priced commission-free cost structure. CFDs remain acceptably priced, and overall, limefx remains an excellent broker to consider for manual traders.

  • limefx also runs a weekly “Learn to trade like a professional Trader” webinar series.
  • The MT4 remastered app, which allows for automation and access to a mini terminal, adds to the MT4 platform’s viability.
  • Drag and drop charts and create personalised watchlists to focus on certain markets, time frames or positions.
  • STARTRADER offers traders three different kinds of tools, including VPS, Economic Calendar and News Room.
  • To determine the types of payouts, you can expect you need to take a look at the spreads on offer.
  • Winner of numerous awards, the ETX TraderPro software was designed for experienced traders with advanced charting, and numerous drawing and risk-management tools.

Live chat is also helpful, but if you don’t provide answers quickly, the live chat platform closes. OvalX has a clear portfolio report, but there is no clear report on fees.You cannot see a detailed breakdown of how much you paid in commissions or swaps to the broker. Features are easy to find after just a few minutes of use, and the platform is highly customizable. You can only deposit money from accounts that are in your name. To have a clear overview of OvalX, let’s start with its trading fees. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

Live discussion

limefx has a limited product portfolio, which does not make it a great trading platform for users. Fees are high and the dashboard only offers CFDs, Forex and cryptocurrencies. Charts are the only research tool available, with no ideas, fundamental data or relevant news.

  • Check out the current account balance requirements at OvalX in our What is the minimum account balance at OvalX article.
  • Instead, they aggregate prices and gather market data from various sources to get an average figure.
  • OvalX is regulated in the UK by the FCA and other top regulators which makes them safe for trading as traders have protection for their funds.
  • Charged when positions are left open overnight Inactivity Fee£25 per month for dormant accounts with available funds.
  • Following the collapse of the retail forex broker in January 2015.
  • While there is generally good customer support, numerous limefx reviews indicate that the company is considered an average risk with a low quality score.

You don’t own the underlying asset, instead, you place a trade and ‘bet’ on a directional price movement. ETX was established in 2002 as the trading name of Monecor Limited, and is based in the City of London but with a truly global presence with websites in 16 languages. ETX is a market leading financial CFD, Forex and Binary firm.

Customer Support

While there are no restrictions against scalping at limefx, the structure does not make it ideal for scalpers. Therefore, traders who wish to scalp the Forex market will find more suitable brokers with an infrastructure that supports it. The online application starts with the residence and tax country, followed by the trading account type and personal information to complete the initial step.

Everything was perfect as i was losing about 20K, the moment my account became green the problems arrived. This review relates to the Binary Options platform / trading only. We understand your complaint to be that ETX removed 13,641.93 EUR from your trading account on 09 March 2020. You do not agree to the reason why this was done and would like the 13,641.93 EUR to be credited back to your account. 90% of the time they will slip your stop loss even when the market is slow they will not honour your stop loss level.

limefx forex broker

This ‘practise’ account type allows you to get familiar with the site either on desktop or mobile and to learn about the various features. You can get to grips with the software, place some test trades and get a feel for the site in general. limefx has a basic live account type that only offers accounts to individuals. Registration takes about 20 minutes, after which account verification is required. The downside is that there are only three account base currencies available. The minimum deposit is 100 USD or 100 units of the base currency .

Besides English, customer support is offered in French, German, Turkish, Spanish, Russian, Romanian, Portuguese, Polish, Italian, Hungarian, Dutch, Czech, Chinese, and Arabic. Traders from all over the world can benefit from these multilingual support services. Logging into limefx’s trading platform will introduce you to the world of commission-free pricing for foreign exchange pairs. The bid-ask spread represents transaction costs, which vary depending on the trading platform used. Pricing for Trader Pro is better, but the story has more details. limefx is a FCA-regulated CFDs broker listed on the London Stock Exchange.

Are the transaction costs and expenses of etx-capital, iv-markets lower?

In 2010, limefx launched a German-language version of the website and trading platforms. The firm extended its operations to France, South Africa and Portugal in 2011. That same year, it won Best Futures & Options Broker at the 2011 Shares Awards.

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