I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. limefx presents clients with three -regulated entities. In addition, the TraderPro platform features dynamic risk management that allows you to gauge your risk before establishing a position. This feature makes it simple to set limits and stop losses so you can more effectively manage your risk on each trade.
Our easy-to-use trade tickets make it simple to set stops and limits, enabling you to calculate your risk prior to execution. We also offer free award-winning education on risk strategy and position sizing in order to help you effectively manage risk on every trade. The limefx customer support service makes use of several languages to meet the needs of its numerous customers. Another lovely aspect is that the FAQ page on the official site is available in English, Spanish, Mandarin, German, Czech, and Polish over 15 languages. To get to customer care support, use the contact us page on the website.
Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an investment recommendation and serve to clarify the market mechanisms. The texts on this page are not an investment recommendation. The charts can be customized by drag and drop options which is a huge advantage because you can do it very fast.
- There are statutory requirements that must be fulfilled in order to qualify for a Professional account, but more benefits apply, including a dedicated account support representative.
- Unfortunately since MIFID 2 was implemented they only offer FX .
- You can expect two types of platform and trading software with limefx.
- Also, you will select your currency, which could be USD, EUR, or GBP.
- To start trading on OvalX in the UK, follow the steps below to open an account.
- limefx caters to most international traders, including residents of the UK, Bangladesh, the UAE, and South Africa.
Some traders may be disappointed at the lack of account options at limefx, 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. Apart from share CFDs, limefx offers trading on 60+ Forex pairs, cryptocurrencies, indices, commodities, and bonds – excellent for traders who wish to diversify their trading strategy. 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. Unlike top binary options brokers, limefx offers only a single type of trading account.
The online application starts with the residence and tax country, followed by the trading account type and personal information to complete the initial step. The multi-step process takes longer and consists limefx cheating of several unnecessary questions but incorporates the account verification process. Commission-free Forex trading in the proprietary trading platform from 0.6 pips or $6.00 per 1 standard lot.
- limefx is wholly owned and operated by a firm called Monecor, which is a huge company listed on the London Stock Exchange.
- limefx news updates are also available on Facebook and Twitter social channels.
- Recent legislation from ESMA in the EEA prohibits promotional programmes to either attract or retain CFD traders by a broker in the region.
- 90% of the time they will slip your stop loss even when the market is slow they will not honour your stop loss level.
However, the restriction is to get a bonus you need to invest a minimum of £/$/€1000. Their customer service is poor, their bonuses are late if they actually arrive at all, and their accounts don’t deliver what they promise. The minimum deposit on OvalX is £100 for card payments, while bank transfers have no minimum deposits.
Products & Spreads
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. The limefx website has a quality interface, provides lots of tools and charts for making trades easy. In addition, limefx allows clients to make use of the version of MT4 for trading. When it comes to spreads the broker only offers spread-based accounts.
We tested the Trader Pro platform across several categories. If you trade with OvalX, you will encounter all of the below features at one point or another. 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. OvalX offers two categories of shares, those that are charged a commission, and commission-free shares.
Deposit fees and options
To deposit to your OvalX trading account, log in to your dashboard, click on ‘Payments’ on the top menu, then select ‘Add Funds’ and follow the on-screen instructions to complete the deposit. Step 1) Go to the OvalX website at /en-gb, and click on the ‘Open live account’ button, highlighted in green https://limefx.group/ at the centre of the page or ‘Create Account’ on the top right corner . You can make deposits in other currencies regardless of your chosen account base currency. Note that if your balance is below £10,000 at the beginning of the month, Premium Account services will no longer be offered to you.
This selection is based on objective factors such as products offered, client profile, fee structure, etc. In the sections below, you will find the most relevant fees of OvalX for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. I’ve been trading binary options with them since early 2016.
Is limefx a market maker?
Read on to find out about what you can trade, account types, fees, and to dig into an in-depth platform review. There is a training program with mentoring session for limefx clients about strategies and market analysis. You can also find videos and webinars available to traders on the broker’s website. The inactivity fee is not charged on the limefx platform on dormant accounts. The charges are done monthly, depending on the type of currency used. Your trading currency fee can be viewed on the limefx trading website.
Deposit & Withdrawal Methods
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. With over 50 years of existence in business, plus being regulated under the FCA, the platform has proven to be a secure place for any interested broker.