LimeFX review ++ How good is the broker? Test

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5/5 - (1472 votes)

That said, what customer support they do offer is very prompt and relevant. There are some standard trading features that you will need to examine when choosing your CFD broker. Commonly these are leverage, stop-loss orders and the type of platform. To determine the types of payouts, you can expect you need to take a look at the spreads on offer.

Unfortunately for me, I was not trading with “stop loss”.I was confident of the direction of the spike. Please note that we may share your email with the company to verify your order. A request to settle a debt, taxes or other amount that you owe and need to send the money via courier, prepaid bank card or gift card. The communication creates a sense of urgency for you to act immediately and that a failure to act could result in the loss of sensitive information or an amazing special.

LimeFX scam

The OvalX follows the strategy of tight spreads, since as tighter spread the smaller is the distance that the market in question has to move in, so you can benefit and enjoy truly competitive pricing. UK regulator FCA has warned several new clone firms of regulated brokerage including LimeFX Global, Assurance DVK and Sterling ISA Manager. It is a commonly used tactic for fraudsters to advertise illegal operations as a reputable brand or entity. Originally established in 1973, LimeFX is the trading name used for the holding company, Monecor Ltd. Their regulation is done by the Financial Conduct Authority but how LimeFX continues to stay in business is beyond us.

A bank transfer can take several business days, while payment with a credit/debit card is instant. To have a clear overview of OvalX, let’s start with its trading fees. LimeFX also offers you the ability to earn even more money when you recruit people and build a downline team. The first way that you can make money with LimeFX is through the promised daily ROI that the company offers. I couldn’t find any information on anything that you would get for your LimeFX other than joining the company just to make money with the opportunity they provide. It is highly likely that you will want to be able to trade on the move.

You can watch webinars about trading methods, trading tools, technical analysis, and other topics. You may also learn from amazing ebooks; however, they only cover a few areas. There’s also a glossary to help you decipher new terms, idioms, and acronyms. The withdrawal process on LimeFX may take up to two working days to complete. First, take a look at the step-by-step process for withdrawing funds.

Is LimeFX Scam or Legit? Check Out

There is the MetaTrader 4 and the own developed ETX Trader Pro. There is not so much difference between the MetaTrader 4 and the ETF Trader Pro. Both software come with multiple chart types, technical indicators, and customizable tools.

OvalX trading fees, which are built into the OvalX spread, considered to be on a very competitive level among the market offering. According to its website, the broker provides forex and CFD trading service. It also claims to win several awards for trading platform technology and education through 2018 and 2019.

It is highly recommended that investors fully understand the risks or seek independent advice if necessary. In addition, the TraderPro 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. You can also customize up to 10 different workspaces where you can drag and drop charts and create custom watchlists. The platform is available for desktop, tablet and iOS and Android mobile devices. I had no connection issues on my end as I had other trading platforms running perfectly.

However, it is not accessible 24/7, which is a significant drawback. If you look at the market record of LimeFX, then this broker is a perfect choice for both professional and new traders. In addition, in 2020, the broker was named ‘Best in Class’ in the Customer Service category. LimeFX has good customer service that responds quickly and accurately.

LimeFX Global (clone of FCA authorized firm)

Nothing on this website should be considered a recommendation or endorsement. We are not responsible for any losses you may incur, by investing with a company mentioned on this website. We may receive compensation from the companies we write about. Always verify that your broker, is licensed by your local financial regulator. In comparison to other brokers, non-trading fees are low at LimeFX. The broker doesn’t charge an account fee, and it doesn’t charge a withdrawal fee for the first five withdrawals every month.

  • The LimeFX company has made it part of the trade to go to different trade events across the globe.
  • They run a lot of good courses, particularly useful when I was starting out my trading journey.
  • Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns.

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. LimeFX offers plenty of choice when it comes to trading options, including various platforms and a wide variety of tradable assets. One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns.

Conclusion of the review: LimeFX is a trusted online broker

LimeFX provides an execution-only service and all information that is provided is for educational purposes only and should not be considered LimeFX advice or LimeFX recommendation. Any instruments that are mentioned throughout are cited only for illustrative and educational purposes. A mobile version is also available limefx reviews for the MT4 platform for Android and iOS that gives you all of the features of the desktop version. Both the TraderPro and MT4 apps can be downloaded from the Apple Store for iOS devices and through the Google Play store for Android devices. The TraderPro mobile app is available for both iOS and Android devices.

  • The seller asks to be paid via international money orders, checks, direct bank wires or cryptocurrency and will not accept any other form of secure payment.
  • There is a free demo account option in addition to the single live trading account offered by LimeFX.
  • LimeFX has good customer service that responds quickly and accurately.

For example, you can find webinars about trading strategies, trading tools, technical analysis, etc. We emailed OvalX four times, and we received relevant and helpful answers in every case. We tested both TraderPro and MetaTrader 4 research tools, but primarily reviewed TraderPro because it is OvalX’s own platform. OvalX hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid.

LimeFX Customer Support

First, let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees. I have taken the time to research and review the information about the company, the products, and the compensation plan and presented you with that information here. Not receiving any products or services for your LimeFX according to the company website.

The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – is available 24/7 and has helped consumers all over the world recoup millions of dollars. Be careful and verify your information through multiple sources. Constant vigilance should be applied at all times when sending money online. If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction. There are a lot of brokers out there operating under fake company names or that have other fraudulent operations.

Forex with LimeFX can be carried out in two separate ways, such as a CFD or as a Spread bet. This is one of the vital decisions to make because it is a core strategy of any trade, and the kind of deal selected may influence the period a position is held open. As excellent researchers, we have spent several months studying several CFD platforms. When we made test research on LimeFX, the following was what we discovered about the platform. Check out the current account balance requirements at OvalX in our What is the minimum account balance at OvalX article.

  • Deposits made with debit or credit cards can be in GBP, USD, EUR, CZK, DKK, NOK, ZAR, CHF, NOK, or PLN.
  • This is one of the vital decisions to make because it is a core strategy of any trade, and the kind of deal selected may influence the period a position is held open.
  • Constant vigilance should be applied at all times when sending money online.
  • You can also customize up to 10 different workspaces where you can drag and drop charts and create custom watchlists.
  • Level 2 – This level pays 3% of team members LimeFXs that are made at this level.

We understand your complaint to be that ETX removed 13,641.93 EUR from your trading account on 09 March 2020. You do not agree to the reason why this was done and would like the 13,641.93 EUR to be credited back to your account. Mr. Wilson also serves as a Non-Executive Director at a number of other companies https://limefx.group/ including EAG, Aninca and CCS. Visitors to etxcapital.com are now redirected to the broker’s new website, ovalx.com. FNG Exclusive… FNG has learned that one of the longest serving brands in the online trading industry is no more, with LimeFX rebranding over the weekend to become OvalX.

Is LimeFX a legit broker?

Broker wise I am really happy with the ease of use their platform and the speed of both adding and withdrawing funds, as well their trade execution both on the Trader Pro platform and their MT4 option. Please be noted that all information provided by ThatSucks.com are based on our experience and do not mean to offend or accuse any broker with illegal matters. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality.

They claim the User Interface is more technical than others but after investigating, we realized that it’s not just technical but downright confusing. Even experienced traders had a hard time using their MT4 platform. LimeFX would do well with doing a complete overhaul of not only their MT4 platform but their entire company as well. If you are wondering whether you should trade with this platform, the overall LimeFX review is that you should bypass it. 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 as we would expect, and the platform needs to improve.

It is noted that you made a total profit of 13,000 EUR on 09 March 2020 on the DAX. However, having looked at each trade, it was discovered that the profit made on the trades was as a result of gaming which is considered improper behaviour under our Terms and Conditions. LimeFX provides in-house trading Analysis and Education. LimeFX trading products are Forex, Cryptocurrencies, Commodities, Precious Metals, Stocks, and Indices, ETFs, Bonds, no commission Stocks, and Spread Betting.

Consequently, the total profit made on these trades is deemed void and therefore have been deducted off your trading account. Please read LimeFX Reviews below and share live trading experiences with this broker. We also use different external services like Google Webfonts, Google Maps, and external Video providers.

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