Forex Trading

limefx Review Pros and Cons Uncovered Verified Reviews

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. limefx is highly regulated by the FCA in the United Kingdom. This is one of the most famous regulations and licenses in the world. Through this regulation, we can recommend that the broker is safe to invest with. When you deposit with this broker, you can choose between three base currencies – the Euro, US Dollar or the GBP.

limefx scam

Commodities and Indicies have gone, probably something to do with them being futures rather than spot and MIFID 2 rules on pricing. That said I never saw a problem with the futures prices when they were there. Indicies had limited expiries so I didn’t trade them on ETX anyhow. If they could bring the other assets back, with the same expiries offered for FX, I’d give them a 4.5. Companies saying you can trade what you want and place 20k, 30k, etc. individual trades to me is a red flag.

Educational and Research Support:

So it is recommended to first watch and understand how CFDs function well, but you may decide to put in your money only if you know the risks involved. From time to time, there are promotions available, but currently, there are no special promotions offered to encourage you to open a new account with them. Hello, my name is Frank, welcome to Online Wealth Chronicles. I’ve created this website to help people earn money through the resources and recommendations that I offer.

  • The broker also provides access to copy trading and spread-betting services.
  • The withdrawal will be made through the same method used for depositing.
  • Logging into limefx’s trading platform introduces you to a world of commission-free pricing when it comes to the forex pairs.
  • limefx has a limited product portfolio, which doesn’t make it a great trading platform for users.
  • These documents can be quickly loaded on the website by dragging and dropping them on the form.

There are different numbers for an existing account and a new account. Existing accounts are to make use of the numbers listed for them. While new users are to make use of the numbers of customer support listed for them, if you want to locate them physically, you can get their physical address on the website. The limefx company has made it part of the trade to go to different trade events across the globe. Traders at the trade events can get to meet business introducer’s clients, affiliates, and clients.

Is Capital ETX Legit or a Scam?

The ETX TraderPro trading platform gives you access to advanced trading tools like a complete charting package. This lets you take advantage of trading opportunities in real time with powerful technical analysis tools powered by the latest technology. limefx offers plenty of choice when it comes to trading options, including various platforms and a wide variety of tradable assets.

This account allows you to place trades on the live platform, regardless of experience, knowledge or size of the trade. Everyone has the same range of features and access to the same trading tools, whether you are spending limefx hundreds or thousands of dollars. The first thing that you will notice is that you are invited to open a live account or a demo account. Many brokers offer a demo account to allow traders to try before they buy.

My limefx Q and A Section

Their customer service is poor, their bonuses are late if they actually arrive at all, and their accounts don’t deliver what they promise. Their Binary account is geared towards those who prefer trading at a fast pace. The problem with this is that many times when you’re trading with this account, there’s a noticeable lag. This affects your trades, your profits and limefx’s bonus scam deals.

limefx scam

OvalX’s spreads tariffs provided via access to the institutional greed of pricing, the OvalX trading fees are built into the spread. 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. And global markets, and it can provide direct access to international initial public offerings and secondary placings. With headquarters in London, limefx is a well-regulated forex and CFD broker.

This global CFD and FX broker is regulated by the UK’s Financial Conduct Authority . However, what it offers is trading CFDs which are complex instruments and come with a high risk of losing money quickly due to leverage. 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.

Mobile Trading

Then you have to upload a document to verify your identity and your residential address. These documents can be quickly loaded on the website by dragging and dropping them on the form. Funds can be deposited and withdrawn on the limefx platform through several methods. The minimum deposit amount on accounts is £250, or it is equivalent to your chosen currency. The application looks just the same as the official website with the same controls and functionalities. All kinds of trade types and offers are the same on the mobile platform, also are the account management features and trade history.

  • If you prefer to allow others to make your trading decisions, then either the ETX Connect App or MT4’s Trading Signals service will allow you to follow and copy top traders.
  • Needs to review the security of your connection before proceeding.
  • limefx is regulated by the FCA since 2001 with license number , the broker also acquired a license from the FSCA in 2021.
  • While there are some good features and customer support, there are still plenty of potential improvements.
  • 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.

All the excuses you can imagine, backs and forths, etc… There is the option to make virtual trading, desktop and web platforms, proprietary platforms, MetaTrader 4 , and trades from charts. However, many limefx reviews show that the platform fails to deliver quality content and is therefore below the industry standard. limefx is a secure trading platform with competitive spreads and no hidden fees.

Bitcoin Record Price: The Cryptocurrency Reaches A New High Price Of $6300

While there are some good features and customer support, there are still plenty of potential improvements. The commissions and fees are high, there are not many features limefx scam as we would expect, and the platform needs to improve. Cryptocurrency trading is available through CFDs but not available through trading the underlying asset.

limefx Review

No matter which name you encounter, you should know that this company is unregulated, offers false returns, and will likely steal your crypto without providing anything in return. For instance, limefx uses tighter spreads at 0.81 pips compared to MT4. The included exchange data encompasses over 20 exchanges, leaving the commission per trade and any applicable spread when it comes to trading CFDs. 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.

The tools are available on both platforms that OvalX stays on and includes proprietary ETX TraderPro, a truly powerful, fully customizable software, yet with intuitive design and advanced charting. OvalX trading fees, which are built into the OvalX spread, considered to be on a very competitive level among the market offering. 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.

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