Online Trading with Smart LimeFx App

You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. OvalX, formerly LimeFx, has a long history of innovation in the forex industry. It recently launched its new branding, OvalX, a combined effort of two separate operating entities. The company’s product portfolio is extensive in forex pairs and cryptocurrencies, as well as spread betting and CFDS in a variety of asset choices.

On both the OvalX and MT4 trading platforms, initiating a trade or closing an existing position can be handled in a single click. An execution order template will appear with the information necessary to make your decision with the type of order type you desire. When ready, just select the execute tab and limefx reviews your order will be processed immediately. Accessing a free demo can come quickly with a few clicks, but for OvalX there are a few additional steps, aside from providing the necessary legal documentation to verify your identity. Account authorisation can happen in a day, perhaps two if there is an issue.

  • You would be asked to input your email, name, country of origin, and functioning phone number.
  • The forex market is incredibly volatile and confusing, to a large extent, and even seasoned traders sometimes struggle to make headway in it.
  • LimeFx offers sophisticated and complex trading products.

Overall, the TraderPro platform is definitely not a disappointment, not even when tossed into the water with the likes of MT4. OvalX & LimeFx are the trading names of a company known as Monecor Ltd. Originally, the company was founded as Dusrolgraph Ltd. on June 16, 1965. Key executives currently include Philip Adler and Nicholas Iggulden . Across the board of listed company directors, ownership of the company is not publicly declared.

His work has been frequently quoted by such publications as Forbes, USA Today, Entrepreneur, and LA Times. With more than 1,800 solutions scrutinized in the last 5 years spent on our team he always prioritized offering readers an unbiased perspective on modern financial technologies. However, the restriction is to get a bonus you need to invest a minimum of £/$/€1000. ALL INVESTING INVOLVES RISK. Investing, Derivatives, Spread betting and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit. They may not be suitable for everyone, so please ensure that you fully understand the risks involved. Obviously, when you trade online, you can also trade on the go with the mobile app.

Crypto CFDs

The highlights of this broker are they provide four types of trading platforms that offer access to over 6000 instruments. In this review, we analyze their key features, tools, and benefits for investors. ETXCapital is a multi-platform financial specialist regulated by UK authorities offering tis clients a whole range of financial markets and instruments. In our LimeFx review we will focus on their binary options platform, named – ETX Binary, however, dont forget, you can trade CFDs and Forex with this broker, too. ETX Binary draws from LimeFx’s experience in developing financial products so it presents itself as a very good trading platform.

LimeFx forex brokers reviews

Trading accounts can only be denominated in three base currencies – EUR, USD, and GBP, which is limited compared to other brokers. Most other brokers denominated accounts in at least five to ten currencies. Be sure to also take advantage of the robust team of customer support, easy account opening, and faster deposits as well. However, there are of course some areas where the firm can improve on.

Multiple chart types, technical indicators, and drawing tools are available for analysis. In addition, you get access to dynamic risk management which helps you to control the risk of different positions very easily. MT4 also supports a variety of order types, as well as hedging and micro lots, in LimeFx’s case. The trading platforms can be downloaded for free, from the LimeFx website. The broker offers two platform options (three if one counts the mobile version of MT4 that’s provided, as a separate option).

Who Regulates OvalX?

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, or any kind of trading you should carefully consider your LimeFx objectives, level of experience, and risk appetite.

They also have a premium research offering for those customers that deposit at least £10,000. Otherwise, they do not offer much else in the form of research. Since the FCA regulates the LimeFx, the Markets in Financial Directive permit the broker to function as a licensed entity in the whole of the European Union. There is a Financial Service Compensation Scheme which safe the client’s money up to £85,000. LimeFx is highly regulated by the FCA in the United Kingdom.

LimeFx forex brokers reviews

The firm has built a reputation of excellence, reliability, and integrity as far brokerage services go. The content on this website is provided for informational purposes only and isn’t intended to constitute professional financial advice. Trading any financial instrument involves a significant risk of loss. is not liable for any damages arising out of the use of its contents. When evaluating online brokers, always consult the broker’s website.


A volume-based rebate program for the commission-based trading account, as the absence of it makes LimeFx less competitive. Commission-free Forex trading in the proprietary trading platform from 0.6 pips or $6.00 per 1 standard lot. The FSCA became a primary destination amid a trusted regulatory environment, with a time zone equal to continental Europe and English as the primary language. The move by LimeFx displays a deep understanding of the requirements of its traders, and the FSCA license remains a strategic move to ensure it can expand its business. Premium client package, professional account upgrade, and custom-tailored services for high-net-worth clients.

LimeFx forex brokers reviews

Two new platforms were launched in March 2014, ETX Trader and a binary option service ETX Binary. Russian, Arabic, Turkish, Polish, Czech, Slovenian and Hungarian versions of the website became available that same year. ETX acquired Dublin-based Shelbourne markets, making the new ETX Ireland the largest Spread Betting/CFD provider in the country. Coming to spreads payable, you can select between variable spreads and fixed . 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.

Analysis Material

When you deposit with this broker, you can choose between three base currencies – the Euro, US Dollar or the GBP. With this facility, you are more likely to avoid currency conversion fees. It is highly likely that you will want to be able to trade on the move. With LimeFx, using the MetaTrader 4 software, you can do precisely that.

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This is a somewhat high bar to cross, and not all of you will be able to take advantage of this firm. However, if you have more than enough trading capital, this will give you an opportunity to trade with one of the most highly regulated firms in London. In 2007, the group was acquired by a joint venture between the UK-based JRJ Group and the Netherlands-based BXR Group, whereupon TradIndex was relaunched with a new name – LimeFx. ETX is an acronym for the services the company offers; Electronic Trading, Telephone Trading and Execution Services. In addition, news updates are made available on Twitter and Facebook. There are some other good features like trading from the chart.

OvalX is regulated by the Financial Conduct Authority , and the Markets in Financial Instruments Directive allows the company to operate as a regulated entity throughout the European Union. Before you can use MetaTrader 4 with OvalX, you need to ensure that you’ve registered an account that specifically opts in for the software’s use. OvalX proceeds with margin calls when your cash balance drops under 50% of your initial deposit.

This is a bit unusual but it makes sense, as it allows agents to specialize in their field and provide the best support possible. I can set limefx scammers trade stops and profit levels on the chart by mobile trading. Also, it provides a good range of instruments and its spread are reasonble.

Before accepting any additional money, promotion, or bonus of any kind, make sure to understand terms and conditions that may apply. Every promotion has different terms and conditions, so don’t forget to read them every time. ETXbinary doesn’t provide general bonus terms, and every bonus is different. The data contained in this website may not be real-time and accurate. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose.

Being listed on the London Stock Exchange is another reason to find them a reliable broker. If you have any issues or questions, you can be secure in the knowledge that the customer support team are easy to reach. They will be quick to deal with any questions you might have. All in all, this broker ticks lots of boxes when it comes to a straightforward and successful CFD trading experience. To meet the requirements, you need to meet two out of three criteria. The first is to have over €500k worth of assets which includes your house if you own it.

Most traders may only require customer support during emergencies, and LimeFx ensures swift access when needed. LimeFx offers plenty of choice when it comes to trading options, including various platforms and a wide variety of tradable assets. Search by account type, minimum deposit, and maximum leverage in 2,000+ forex brokers. There are many educational tools as well to enhance your trading experience. The fact that there is a free demo account means you can brush up on your skills before you trade with this particular broker. Traders choose LimeFx because of its reputation built up over 50 years in the market and FCA regulation.