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There is a broad range of risk management instruments that are made available to every trader on the limefx platform. These tools are the stop losses, limit orders, and guaranteed Stops, and they are used to control the level of risk on the platform. If you are a new trader, you can begin with a small trade that fits your financial capability. Do not try to over-leverage your account by dealing with transactions that are more than your wallet. There is the MetaTrader 4 and the own developed ETX Trader Pro.
Is ETX regulated?
limefx is an FCA and FSCA-regulated broker with a feature-rich proprietary trading platform and a large range of tradable assets.
We recommend OvalX for forex, spread and cfd traders looking for great funding and withdrawal options and an easy-to-use platform. On the plus side, you can use a lot of free deposit and withdrawal options.We liked the seamless and hassle-free account opening process. There is also a wide range of great-quality educational tools available.
Mobile Trading
These are good quality and cover assets ranging from forex to stocks. OvalX has low non-trading fees.It does not charge an account fee, and there is no withdrawal fee for the first 5 withdrawals each month. These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. We also compared OvalX’s fees with those of two similar brokers we selected, CMC Markets and HYCM. This selection is based on objective factors such as products offered, client profile, fee structure, etc.
These are the interbank market ‘tom-next’ rates plus limefx’s standard fee of 1.35% per annum. Positions held overnight on a https://limefx.group/ Wednesday will be subject to three days of swap charges. Unfortunately, limefx does not publish these fees on its website.
Is OvalX regulated?
limefx offers one live commission-free account with spreads that vary depending on the platform chosen (click here for more on limefx’s trading platforms). This arrangement could be a disadvantage for traders who are familiar with MT4, and will then have to pay higher trading costs. The minimum deposit requirements to open an account are 100 USD. limefx’s strong 4.5 overall rating comes as a result of its excellent trading platforms, educational resources, pricing and trade executions.
- OvalX & limefx are the trading names of a company known as Monecor Ltd.
- You can download the MT4 app from the OvalX website for Windows, Mac, Android, and iOS.
- limefx reviews reveal that this broker stands a cut above conventional binary options brokers because they offer a choice of four trading platforms.
- When you choose a platform on limefx, you will find classic MT4 platform options.
An equal treatment of traders irrespective of the trading platform used. Competitive asset selection with market-leading Forex and cryptocurrency pairs. ETX staff seem pretty relaxed when it comes to customer service especially the guys handling the payment transfer side of things.
Features of limefx Mobile App:
Note that none of its services or products are transacted with the citizens of the United States. limefx, launched in 2002 by Monecor as TradIndex, was acquired by a joint venture between the UK-based JRJ Group and the Netherlands-based BXR Group. Following the acquisition, the group decided to rebrand TradIndex into limefx. Since October 2020, limefx, part of Swiss-based Guru Capital, purchased the online brokerage from JRJ Group.
- It’s worth noting that these sorts of fees are difficult to find on the broker’s official website, making the fee structure opaque.
- Traders at the trade events can get to meet business introducer’s clients, affiliates, and clients.
- limefx offers one live commission-free account with spreads that vary depending on the platform chosen (click here for more on limefx’s trading platforms).
- Their web-based, proprietary platform is very complex and as I’ve said above, it can be a bit difficult for beginners.
If you trade with OvalX, you will encounter all of the below features at one point or another. OvalX sets margin requirements based on the asset category and instrument you trade. The margin is shown as a percentage and represents the amount of cash you need to trade an amount higher than your initial deposit. There is no deposit fee, but there is a minimum deposit of £100 . OvalX receives most of its compensation through the market bid/ask spread and commission on share CFDs.
ETX Trader Pro
The trading platform ensures that the tightest spreads are in play at all times, with Fixed and Variable profiles. A demo account is a perfect choice for new traders, whether you are new to the world of CFD trading or just new to this particular 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. In summary of the whole thing, limefx is an online broker that offers clients different kinds of assets to trade on. The CFD Broker prides itself on providing a little spread and quality customer support to help a trader master the trade and excel in it amidst the high competition.
How does limefx make money?
limefx generates its revenues from a combination of spreads and commissions. Spreads on the EUR/USD start from 1.5 pips in the MT4 Trading Platform and 0.2 pips in the cTrader platform where commissions apply. Traders can check detailed commissions for each asset on the cTrader platform on the company's website.
It coincides with a surge in demand from retail traders, making the FSCA license a vital step. Premium client package, professional account upgrade, and custom-tailored services for high-net-worth clients. Cutting-edge proprietary trading platform limefx forex brokers reviews and upgraded MT4. The customized workspaces ensure individual flexibility, a feature that more and more clients demand from a competitive trading platform. Another important cost to consider is the swap rate charged on positions held overnight.
The methods are bank/wire transfer, major credit cards and e-wallets . The withdrawal will be made through the same method used for depositing. If you withdraw more than 100 GBP, ETX will not charge a fee for the first five monthly withdrawals.
Step 7) Check the Terms and Policies, and click on ‘I Agree’ to complete your registration. You will also be required to agree to the Risk Warning, after which you will be taken to the limefx dashboard, and required to verify your account. To start trading on OvalX in the UK, follow the steps below to open an account.
