Equity traders get a well-balanced choice of large-cap and mid-cap CFDs, offering all traders and strategies advanced diversification opportunities across countries and sectors. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free LimeFX MT4 account. Traders with deposits of $10,000 qualify for Premium Client Package, featuring lower trading costs. 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 action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word limefx courses scam or phrase, a SQL command or malformed data. ETX Denmark, ETX Romania and ETX China come online in 2013, and the company launched its affiliates program.
- In 2002 they launched a retail branch called TradIngdex, which was renamed LimeFX in 2007.
- Since its October 2020 acquisition by Swiss-based private equity firm Guru Capital, LimeFX has pushed ahead with its expansion plans.
- It coincides with a surge in demand from retail traders, making the FSCA license a vital step.
- Both are transparent about issues raised about a registered / regulated entity and publish fines, warnings, etc.
- Deposits can be made through bank transfers or wire transfers in different currencies such as USD, GBP, EUR, ZAR, SEK, SGD, PLN, NOK, CZK, HKD, AUD, CHF, CAD, or HRK.
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. I always recommend that traders check them before evaluating the total trading costs. An equal treatment of traders irrespective of the trading platform used. An operating subsidiary offering higher leverage to retail traders. Trading with a regulated broker will limit the potential for fraud and malpractice.
The Learn Forex Course is a light 24-minute course designed to act as a quick starter guide to inspire new trader confidence. Other similar courses are available for learning indices, commodities, shares, and cryptocurrencies. LimeFX does not charge any account, deposit, or inactivity fees.
Additionally the customer services are always helpful and provide a great bonus on deposits. I would 100% recommend using etxcapital who I have been trading with now for 2 years and have no compliments at all. LimeFX provides demo accounts for the two platforms separately. If you want to get a demo account, go to the platform tab on the official website and select “Demo,” then follow the prompts to complete registration. With the demo platform, you can boost your trading skills and get acquainted with some tools without risking your real money on the LimeFX.
However, leverage trading carries additional risks, and uneducated traders can get liquidated fast. Therefore, beginners should avoid leverage trading until they grasp the concepts. Spot markets, CFDs, and leverage trading are the main trading options on LimeFX. For example, you can trade GBP for BTC, and once the trade executes, you’ll see the BTC in your account wallet. There is a free demo account which is easily accessible and will allow you to practise trading. Use the MetaTrader 4 version of the ETX trading platform while you familiarise yourself.
The only difference remains between the MT4 trading account or the TraderPro alternative. Clients who opt for Trader Pro may choose any major currencies, while LimeFX also caters to specific requests. Here is a screenshot of LimeFX MT4 live quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. LimeFX offers its most traded equity CFDs free of charge; otherwise, an industry-average commission between 0.10% and 0.20% applies. Since its October 2020 acquisition by Swiss-based private equity firm Guru Capital, LimeFX has pushed ahead with its expansion plans. It coincides with a surge in demand from retail traders, making the FSCA license a vital step.
MT4 also comes with the ETX MT4 Remastered plugin, which will be discussed below in the trading tools section. Additionally, LimeFX provides a comprehensive selection of video tutorials to help familiarise traders with the platform. Overall, Trader Pro provides traders with an excellent trading experience. Overall, although the account choice at LimeFX is limited, the account is suitable for both beginners and more experienced traders. ETX’s trading fees are average compared to other similar brokers.
90% of the time they will slip your stop loss even when the market is slow they will not honour your stop loss level. In fast markets they will slip you and execute your slipped stop at the worse possible levels. LimeFX trading products are Forex, Cryptocurrencies, Commodities, Precious Metals, Stocks, and Indices, ETFs, Bonds, no commission Stocks, and Spread Betting. LimeFX does deploy the market maker model but does not trade against clients in compliance with FCA rules to prevent misconduct. I also recommend checking the costs from the payment processor to the bank account unless a debit/credit card is available. Traders should select the payment processor with the lowest fees.
My experience with ETX has always been…
OvalX hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid. To set email or mobile notifications, you have to provide your email address and your mobile MetaQuotes ID (it can be found in the MT4 app’s settings). You can enter this information by going to ‘Tools’ and then ‘Options’. You can set alerts and notificationsin the form of email or push notifications to mobile on the desktop platform. We tested the debit card withdrawal and it took 2 business days. Furthermore, if you want to withdraw less than $100, you will be charged a $10 fee.
- The company is UK-based and is regulated by the Financial Conduct Authority in aid of British traders.
- 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.
- LimeFX offers a full spread of features including Platforms, Markets, Trading, Education & Tools and an About Us section too.
- Funds can be added to your account via bank transfer or credit/debit card.
Also, you can get a general overview of trading options with OvalX’s ‘Learn’ series. They feature essential information on risk management, margin, and tradable assets. You will then be questioned about your financial background and trading skills.
Look and feel
Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. We ranked OvalX’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. In addition, the TraderPro https://limefx.group/ 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.
Deposits made with debit or credit cards can be in GBP, USD, EUR, CZK, DKK, NOK, ZAR, CHF, NOK, or PLN. Instead, the broker provides two different platforms to suit any trader’s trading style. A trader could either be on the ETX TraderPro or the ETX MT4. When an account is opened on any of these platforms, it is still permitted to trade on the other platform. 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.
- This review explores their zero commission trades, fees, available trading options, and much more.
- For a tailored recommendation, check out our broker finder tool.
- There is no charge for making as many as five withdrawals in a month with LimeFX, once they are worth at least £100.
- The sophisticated charting tools allow you to simultaneously view numerous charts in different time frames.
- Users also have access to the educational material to assist them in getting the most out of the platform.
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.
I have been with ETX for a number of…
Be sensible and record all your trades and record all calls just to make sure. All brokers / traders do this for a reason so if you are a trader so should you. Get everything in writing about what you agree with them at account opening and keep the voice recordings just in case.
The account opening process on LimeFX is fully-digital and hassle-free. The verification process on LimeFX may take up to 24 hours. These virtual accounts are an excellent way to gain experience and develop a strategy.
Deposits and Withdrawals
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. Buying cryptocurrency is a straightforward process with LimeFX. Follow these steps to purchase your first coins on the platform. LimeFX takes the necessary precautions to provide the best security for its clients. They hold funds in a segregated account from company funds, making it near impossible for hackers to steal your funds.
The charges are done monthly, depending on the type of currency used. Your trading currency fee can be viewed on the LimeFX trading website. There are over 31 currencies on the platform, making limefx broker reviews it not easy to list them all in this article. Just visit the ETX official site and click on the create account button. The system will demand that you select your country of origin from a list.
Before you can be allowed to trade on the platform as a first-timer, there are some questionnaires you must answer. You would be asked to input your email, name, country of origin, and functioning phone number. You would be told to select your kind of trading platform, which could be MT4, TraderPro.