The broker also provides access to copy trading and spread-betting services. To get a better idea of whether limefx would be a good fit for you or your company, the broker offers a free demo account so you can gauge its platforms and other offerings. To sum up, the pros are advanced trading tools, excellent customer support, and multiple platforms. The negatives are limited to lack of choice in trading accounts.
- There is the MetaTrader 4 and the own developed ETX Trader Pro.
- OvalX is a CFD and forex broker that offers alarge number of currency pairs and CFDs.
- For select major Indices, the minimum spreads begin from 1 pip.
- 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.
- Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money.
OvalX does more than an adequate job when it comes to guiding its beginners on their initial steps in trading. The firm’s website has a prominent Learning Center tab where the basics are taught through a series of trading guides, webinars, and news and analysis articles and videos. In addition to these resources, beginners and veterans alike can benefit from the broker’s extensive YouTube channel. ETXCapital.co.uk provides MetaTrader 4 software which is the best platform according to reviews. This broker conducts an eight-hour training program that includes a monthly mentoring class where you can discuss trading strategies.
The alerts are late; the indicators are misleading and so on. The only thing you get from this account is the above average urge to throw your computer across the room. Their Binary limefx broker reviews 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.
- OvalX, like most CFD brokers, works towards securing the best price for their clients.
- The company was initially established in 1965 in London, UK, specialising in mortgage bonds.
- ETX’s trading fees are average compared to other similar brokers.
- With OvalX Standard Account, you can trade CFDs or trade spread bets.
- Trader Pro accounts can be opened in all of the major currencies.
Average spreads using the TraderPro platform are 0.81 pips for the EUR/USD, 1.40 for the EUR/GBP, and 1.06 for the USD/JPY, which is tighter than the industry average. It is also insured by the Financial Services Compensation Scheme . In the event of liquidation, clients may be compensated by the FSCS up to a limit of 85,000 EUR per person. limefx has an analysis category on its website, but it only provides quality market commentary with a theme-based approach.
The educational content offers quality material for beginner traders. Automated traders get the core MT4 trading platform with the ETX MT4 Remastered upgrade, consisting of numerous add-ons and improvements, but not as sophisticated as other MT4 upgrades. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
The entire responsibility for the contents rests with the contributors and commentators. Reprint of the materials is available only with the permission https://limefx.group/ of the editorial staff. One should know that Forex trading or any other kind of trading involves high risks, and is not suitable for everyone.
OvalX is a reputable broker with multiple CFDs for beginners to trade. There’s more comprehensive educational content for beginners. Overall, limefx we recommend you try OvalX, although there are other brokers regulated in the UK that offer more favorable trading conditions.
- On both the OvalX and MT4 trading platforms, initiating a trade or closing an existing position can be handled in a single click.
- Traders should select the payment processor with the lowest fees.
- Also, for FX, interest, the summation is based on the particular currency used in trading.
- With its highly customisable trading platform and 5000 share CFDs, limefx is a good option for experienced traders or serious beginners looking to trade other assets than Forex.
ETX’s trading fees are average compared to other similar brokers. While there are no restrictions against scalping at limefx, the structure does not make it ideal for scalpers. Therefore, traders who wish to scalp the Forex market will find more suitable brokers with an infrastructure that supports it.
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Not only being licensed by FCA so that traders funds are covered but also excellent customer support and no known scam history are all three signs of a reliable trustworthy broker. With it’s low spreads and advanced trading tools definitely a good broker for both new and experienced traders. Also limefx offers more assets than other brokers as thy offer bonds and interest rates to be traded on. This prestigious UK-based trading platform offers thousands of tradable markets. Plus there are the options of several demo-trading accounts to choose from.
The only upside is you don’t have to commit much to this account. But we advise you to save yourself the time and money and find another broker. The customer support of OvalX is not so good, as they are not available for 24 hours on any day, which makes it a bit difficult to make an inquiry on weekends or nights. The user interface of OvalX is a bit unfriendly, and it takes some time to find some information. At the time of this writing, the support on the new website is still not good enough.
All in all, the company provides very good conditions for investors. limefx’s accounts were assessed to compare the costs to those of other forex brokers. The costs were evaluated based on the trading fees on one lot on the EUR/USD, including the spreads and commission.
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. Competitive asset selection with market-leading Forex and cryptocurrency pairs. 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. It is highly recommended that investors fully understand the risks or seek independent advice if necessary.
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limefx also runs a weekly “Learn to trade like a professional Trader” webinar series. Run by market veterans, these webinars help traders gain a quick footing in the world of trading. limefx offers a wider range of tradable assets compared to other large international brokers.
There are plenty of currency pairs to choose from, and the spreads are competitive, making it a good contender in the world of Forex brokers. Among others, investors can enjoy Forex trading, spread betting, CFD trading, binary options, and a wide range of educational tools and resources. Traders have access to multiple markets including indices, commodities, equities and Forex.
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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. Just visit the ETX official site and click on the create account button.
See all share CFDs.
Existing clients are also provided with direct phone numbers to shorten waiting times. In our test of limefx’s live chat support, agents were connected within a minute and provided relevant answers. We also enjoyed the professional tone of the customer service team. However, if you don’t respond quickly enough, the live chat closes. limefx offers one account type, which is limited compared to other brokers, and its account is suitable for beginners and more experienced traders.