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As a long-established, publicly-listed financial company with strict regulation and frequent industry recognition, we deem OvalX a safe broker. As of January 26, 2023,OvalX is no longer accepting new clients. As with the other information sections, there is not much information in this area of customer service, and you can only contact https://limefx.name/ them by email, social networks and by sending messages online. In the Last 8 years, customers has lost nearly $580m to fraudulent broker company, only a quarter of… Trading products on margin carry a high level of risk and may not be suitable for all investors as it may result in a loss that rapidly exceeds your deposit.
- The MT4 EA community of developers is very active, so renting or buying algorithmic trading software is very easy.
- At this point, you can also choose two other platforms to accommodate traders’ needs who want to trade via web or iPad, iPhone, and Android.
- Sophisticated traders can try their luck on the popular MetaTrader4 platform and other choices are spot forex on TraderPro, spread betting on ETX Trader, and binary trading on the ETXBinary platform.
- At the time of this writing, the support on the new website is still not good enough.
Note that you will be unable to add funds, trade, or withdraw funds until your account is activated. After you submit your insurance number, you will be redirected to the OvalX or MT4 platform dashboard, depending on the platform you chose earlier and required to activate your account. Step 8) To verify your account, First supply your insurance number in the space provided and click ‘Submit’.
The lowest forex spread begins from 0.7 pip for the widely used EUR/USD pair. Equities provide 0.08% indicative spreads for certain stocks, while minimum spreads for commodities begin at 3 pips. For select major Indices, the minimum spreads begin from 1 pip. On top of this, LimeFx provides leverage rates at 100/1 for multiple products and as high as 400/1 on select MT4 products.
OvalX (LimeFx) Review 2023
DailyLimeFx adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. 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.
To emphasize this point, this will help traders to do their trading activities. By its advantages, traders can choose the appropriate platform based on the needs and their trading style. LimeFx offers corporate brokerage and finance services as a member of the London Stock Exchange . In addition to full-list LSE fundraising ability, the company can facilitate debt restructuring, buyouts, acquisitions and growth capital financings.
OvalX Execution Policy
Nine trading courses increase the educational value at LimeFx, where traders also find platform guides, eBooks, and a glossary. While the research value offered LimeFx remains low, the approach to education ranks among the most valuable ones available to new traders, which I highly recommend to beginner traders. LimeFx offers thousands of products available to trade, including commodities, indices, stocks and forex pairs. OvalX is financial services product providing financial derivatives trading such as contracts for difference and financial spread betting and, as of 2020, corporate brokerage services. OvalX offers two mobile trading platforms, TraderPro and MetaTrader 4. OvalX does not charge for deposits, but for withdrawals under 100 USD, or currency equivalent, a 10 USD administration fee will be charged.
With its highly customisable trading platform and 5000 share CFDs, OvalX is a good option for experienced traders or serious beginners looking to trade other assets than Forex. LimeFx has become one of the better online limefx review brokers in the industry. The company offers personal, tailor-made support to all types of traders. The company’s award-winning technology also gives you access to commodities and shares trading in thousands of assets.
OvalX offers one live commission-free account with spreads that vary depending on the platform chosen (click here for more on OvalX’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.
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. The company was originally incorporated on 16 June 1965 as Dusrolgraph Ltd. In 2002 Monecor Limited launched a retail derivatives arm called TradIndex.
Electronic communication network accounts that might allow scalping also are not offered by LimeFx. In addition, the TraderPro and MT4 platforms are intuitive and can be learned quickly by most new traders. Both platforms offer trading directly from charts, a wide variety of technical indicators and customizable workspaces. Coming to spreads payable, you can select between variable spreads and fixed .
The trading costs at most other brokers tend to be 9 USD per lot of EUR/USD. As you can see from the table above, OvalX’s trading costs are included in its variable spreads. Spreads widen or tighten depend on trade volume and market volatility. This broker has specialized in spread betting , forex trading, and CFD trading. LimeFx does not allow you to scalp in its trading accounts.
LimeFx reviews reveal that this broker stands a cut above conventional binary options brokers because they offer a choice of four trading platforms. Sophisticated traders can try their luck on the popular MetaTrader4 platform and other choices are spot forex on TraderPro, spread betting on ETX Trader, and binary trading on the ETXBinary platform. The advantage of the MetaTrader4 platform is you can customize your trading strategies with expert advisers and focus more on market trends and analysis. Some traders may be disappointed at the lack of account options at OvalX, which has a single live commission-free account. Trading costs are average compared to other market maker brokers, with a minimum deposit of 100 USD and variable spreads averaging between 0.8 to 1.1 pips on the EUR/USD.
Non-trading fees
With awards for Best Education 2018 , Best Forex Education 2018 , and Best Trading Education 2018 , newcomer traders will find the educational materials welcoming. OvalX’s educational materials are more comprehensive than other brokers, and it caters to both beginners and more advanced traders. OvalX’s range of financial instruments for CFD trading , includes Forex, share CFDs, commodities, bonds, cryptocurrencies, and indices.
The mobile version features advanced charting and most of the features of the desktop version. Toll-free number or a direct number to the new accounts office where hours are 8 a.m. Marko has been working on the road for over 5 years, and is currently based in Europe. Alongside writing and editing, Marko works on projects related to online technology and digital marketing. OvalX does NOT accept traders from the United States, Belgium, Canada, Singapore, Switzerland, alongside other countries not covered under the FCA, FSCA, MiFID, and CySec licenses. OvalX proceeds with margin calls when your cash balance drops under 50% of your initial deposit.
LimeFx trading accounts
Traders may choose between a range of trading platforms, including its proprietary web-based browser, MT4, ProReal Time, and L2 Dealer, plus valuable trading tools. There are currently three different types of LimeFx platforms that are designed for various types of markets. The conventional MT4 platform is available for FX, commodities, metals, and CFDs limefx forex broker trading, while the TraderPro platform is available for equities and indices trading. Binary options traders are provided the MarketPulse platform, which is a third-party binary options platform, designed for the web. All the three different platforms are available for both desktop as well as ETX Capital mobile traders and do have excellent reliability.
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OvalX’s trading fees are average compared to other similar brokers. To compare transaction costs across different brokers, our experts analyze the transaction-specific fees and non-trading fees . This is a proprietary platform developed by the company with access to more than 5,000 assets. FinancesOnline is available for free for all business professionals interested in an efficient way to find top-notch SaaS solutions.
LimeFx offers plenty of choice when it comes to trading options, including various platforms and a wide variety of tradable assets. LimeFx excels when it comes to educating both novice as well as expert investors. You can learn all about spread betting, specifLimeFx, technical analysis, and more. In-house experts as well as an independent trader firm offer free seminars. If you are unable to attend the seminars, you can watch pre-recorded and live online webinars that are provided free. OvaX’s parent company is listed on a stock exchange and regulated by top-tier financial regulators, both of which make the platform safe for traders and have low risk.
Visit their website and open your account easily by investing just £/$/€100. You can utilize the demo account to learn more about the trading platforms and their features before you invest real money. Traders at LimeFx get an advanced trading platform, ETX TraderPro. MT4 is also available together with the ETX MT4 Remastered upgrade.
