LimeFx Full Broker Review Find Out Why This Broker Stands Out

LimeFx broker reviews
LimeFx broker reviews

I’ve been trading with ETX since 2014, made a considerable bunch of profits over the years. OvalX is a CFD broker based in London providing financial services since 1965 with operations spreading across UK, Cyprus, Italy, Czech Republic, Slovakia, Denmark. EAs are auto traders which can be programmed by traders according to their preference. These Expert Advisors can then be coupled with custom scripts, for a superb automated trading experience.

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All of this is done to ensure there is fairness in the final price quoted to traders. Upload one of any Identity documents and address documents, then click on ‘Return to trading platform’, where you can add and withdraw funds. Step 6) You will be required to answer some questions about your employment status and limefx official site experience trading financial instruments. This account also has negative balance protection, which means you cannot lose more than the money you invested. One of the most honest brokers, fast payouts, call rare (that’s a good thing). Platform laggy, sometimes takes about 10 sec to switch assets or place a trade.

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The first is to have over €500k worth of assets which includes your house if you own it. The other two are that you must have relevant experience in financial services and have traded at least ten times in the last four quarters. In return for being a Pro trader with LimeFx, you will benefit from some additional perks. After their early success in London, the company went on to operate in other countries across Europe, Asia and Russia. They are licensed and regulated by the FCA and listed on the London Stock Exchange.

Spreads widen or tighten depend on trade volume and market volatility. I’ve been trading with ovalx for over two months now, and I find the platform intuitive, easy to use and very responsive. More importantly I find the support you get from the team, top class. They even put on regular training and alerts to make sure that you are fully informed limefx when you go into a trade, to protect your own capital. I’ve been with OvalX for 5 years now and have found the website & app easy to use and very intuitive for trading, charting and placing orders/stops. Helpfully they also offer smaller positions which require less margin and less risk – often down to 0.1 or lower in some markets.

OvalX’s Financial Instruments

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Is LimeFx legitimate?

Yes. LimeFx is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

In this review, we analyze their key features, tools, and benefits for investors. 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.

OvalX Execution Policy

LimeFx offers plenty of choice when it comes to trading options, including various platforms and a wide variety of tradable assets. LimeFx is certainly one of the most exciting Forex brokers in the world, especially due to the fact that the company is listed in the London Stock Exchange. LimeFx is one of the very few brokers that are publicly listed on a stock exchange. They have recently acquired the redundant LimeFx UK broker and has started incorporating all past LimeFx clients under a single roof. OvalX, like most CFD brokers, works towards securing the best price for their clients. We have reviewed their ‘order execution policy’ document and here are our findings.

LimeFx broker reviews

They are regulated with the FCA and a big well known company in the UK and have been around since the 1960’s. You can checkout financials, individual officers on the UK Companies House website. 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. The tradable asset selection of the broker is quite impressive.

Review of the trading conditions:

On the other hand, the analysis section provides insights about stocks/cryptocurrencies and LimeFx opportunities. Furthermore, trading becomes easier because new accounts can access historical data and volume indicators. Moreover, the platform has a news feed that provides essential information on what’s happening in the LimeFx world. LimeFx lets users place leverage trades to purchase more coins than their budget allows. It’s a great tactic to increase profits because traders can access more funds.

Is Capital broker legit? is a thoroughly regulated broker, overseen by a number of highly reputable authorities around the world. Many of its clients are entitled to investor protection, depending on their country of residence.

There are many criteria to consider to ensure that you get the best from your experience online. To assist you with your choice, we have carried out a full and comprehensive review of LimeFx and what they provide you, the trader. The trading conditions on CFDs span a relatively wide range.

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In the case of credit/debit cards, the withdrawal procedure may turn out to be lengthier, at 3-5 business days. What exactly does FCA regulation mean though, in regard to how it affects LimeFx’s offer and ability to peddle its deals abroad. According to the official site of the broker, the license is only valid within the UK.

One can register over five trading accounts with LimeFx. You can always contact the broker if need be that you want to have more than five accounts on the platform. You will then be questioned about your financial background and trading skills.

Who owns LimeFx?

In October 2020, Swiss based private equity firm, Guru Capital, completed the acquisition of LimeFx from UK based, JRJ Group. In June 2022, LimeFx was rebranded as OvalX and appointed Luca Merolla as CEO. Merolla has previously ran the bankrupt Oval Money.

Read on to find out about what you can trade, account types, fees, and to dig into an in-depth platform review. This article provides a list of best forex indicators for traders who want to make consistent profits. Learn more about this subject and learn how to choose the right one for your needs. 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 of several unnecessary questions but incorporates the account verification process.

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We are committed to the fair handling of reviews and posts regardless of such relations. I hope this helps, especially as there are so many scams brokers out there and so few decent ones. You get the odd trade rejection on big spikes although this is getting far better and I haven’t had one for ages. I had one issue with misrepresentation, what I was told prior to funding my account and reality, which cost me profit but didn’t cause a loss when a trade should have been profitable. Any issues raised by our clients are taken seriously and we have therefore undertaken a detailed review of our records.

  • The user interface of OvalX is a bit unfriendly, and it takes some time to find some information.
  • The ETX TraderPro has an advanced charting tool that lets users see the required information to make trades.
  • In 2018, the UK Forex Awards and the Online Personal Wealth Awards named LimeFx’s ‘TraderPro’ as the best trading platform.
  • 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.
  • These demo accounts will also help the trader to get accustomed to the platform before the actual trading.

Then there is their proprietary software; Trader Pro, which is for more experienced and Pro traders. If you are new to CFD trading, the MetaTrader 4 will be the perfect choice for you. Money deposited through these methods takes 3-5 business days to settle in trader accounts. The EAs are obviously among the most popular features of MT4.

For wire transfers and online bank transfers, a massive range of currencies are supported. A standard wire transfer is processed within a day, and it takes some 2-3 business days for a withdrawal to be cleared through this method. LimeFx accept a surprisingly large and varied range of deposit and withdrawal options. Their preferred methods seem to be bank wire, online bank transfer and credit/debit cards.

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. OvalX proceeds with margin calls when your cash balance drops under 50% of your initial deposit. Positions can be re-opened when additional funds are added to met the required margin. If you want to buy a CFD worth £1,000 at a margin of 20%, you need to deposit £200, while you borrow the rest from the broker. CFDs on commodities are offered as daily rolling contracts and futures CFD contracts. A spread is the amount charged for buying and selling a trading instrument.

Does LimeFx have an inactivity fee?

The LimeFx product portfolio is considered limited with trading offered in forex and CFDs. An inactivity fee of $25 per month is charged if an account is inactive for six months. Limited research tools are available on both the TraderPro and MetaTrader 4 platforms.


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