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LimeFX takes complaints seriously due to their FCA license, and they use an external Financial Ombudsman Service to resolve any issues traders may have. Traders at LimeFX receive a higher level of protection with their accounts, because of the Financial Services Compensation Scheme. LimeFX provides excellent customer service with prompt and precise responses.
The information and videos are not an LimeFX recommendation and serve to clarify the market mechanisms. The texts on this page are not an LimeFX recommendation. For those interested in using e-wallets, there are several options for them, and these include Neteller, GiroPay, Skrill, and Sofort.
We had reported back in November that London based, FCA and CySEC regulated ETX was planning to integrate its brand with Oval, an Italy based savings app the group acquired about a year ago. At the time the companies said that they plan to form a unique brand, focused on financial innovation and inclusion, and this seems to be the next step in that direction. 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. Your trading currency fee can be viewed on the LimeFX trading website. There are over 31 currencies on the platform, making it not easy to list them all in this article.
Do I Recommend Joining LimeFX?
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’. The search functions are OK.The assets are grouped by category.
- The first five withdrawals of the month are free and consequent withdrawals incur a processing fee of 10 GBP each.
- Some scams have also contacted the regulator, claiming to be a regulated company, and asked them to change the contact information of the registered company.
- Then you have to upload a document to verify your identity and your residential address.
- Thank you for taking the time to leave a review — sorry to hear of your experience.
- A bank transfer can take several business days, while payment with a credit/debit card is instant.
- Surprisingly there is a nearly every day webinar for traders.
FXreviewsaccords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market. LimeFX provides excellent educational support to traders. There is a range of educational materials available, ranging limefx forex broker from a demo account to webinars, which assist you in your learning. When it comes to forex pairings, LimeFX offers commission-free trading across all platforms. When comparing the spreads on the Trader Pro platform to those on MetaTrader, Trader Pro offers superior pricing.
At this point, you should have a good idea about what LimeFX is, what they offer, and how you can make money with the opportunity. I have also shared my thoughts and concerns about whether LimeFX is a scam or not. After looking over all the information about the company and opportunity, I can’t say that LimeFX is a scam or not. There are no minimums or maximum LimeFXs that I was able to find. After searching around the BBB website, I was unable to find any listing or accreditation that the LimeFX company has.
Customer support and service
OvalX also applied competitive proposal for withdrawal option, as supplies each trading account by five withdrawals over USD 100 within each month without a processing fee or withdrawal fee. Further on, in case you wish to withdraw more funds than it will incur a charge of 25$ per transaction. Even though online trading offering is active for the last 15 years, it now became one of the competitive trading solutions, and what is more important reliable solutions. The MT4 account is for traders who prefer automated trading.
Even if you’ve closed your account, we’d still like to look into this and offer some kind of resolution or understanding of what may have happened. UK consumers who engage in binary options trading might not be aware that it is not, currently, an FCA-regulated activity. 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. This broker does not offer bonuses, in accordance with CySEC and FCA regulations. They may have limited time offers but we couldn’t locate any at the time of writing.
- However, if you are looking for an extremely user-friendly broker, this may not be it.
- Our ultimate guide to the OvalX minimum deposit is updated regularly.
- LimeFX provides a very fast execution by using large and trusted liquidity providers.
- People were getting this little amount to try out trading with this broker just for registering, there was no need to deposit.
- There is a broad range of risk management instruments that are made available to every trader on the LimeFX platform.
You will need to use the MT4 platform to use this social feature, however, because the feature is not available on ETX’s TraderPro platform. I wish to complement LimeFX , and in particular Steven O Sullivan, for ETX continued support and sound brokerage. You cant have an unstable platform if you are day trading.
Latest opinions and experiences
When you arrive on this site, you will find it easy to navigate and comprehensive when it comes to opening an account. To familiarise yourself with trading, you have the benefit of being able to open a demo account before you trade with a live version. The educational tools will also help you to enhance your trading skills. There are plenty of market assets to choose from, https://limefx.club/ and the spreads are competitive, making it a good contender in the world of CFD brokers. A demo account is a perfect choice for new traders, whether you are new to the world of CFD trading or just new to this particular broker. This ‘practise’ account type allows you to get familiar with the site either on desktop or mobile and to learn about the various features.
- The online application takes roughly 20 minutes to complete.
- This review relates to the Binary Options platform / trading only.
- Both are transparent about issues raised about a registered / regulated entity and publish fines, warnings, etc.
- Like most brokers, LimeFX charges an inactivity fee.
- First time I’ve had to contact customer services due to trading disabled .Had fast response to email with helpful advice, soon rectified.
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. Live chat is also helpful, but if you don’t provide answers quickly, the live chat platform closes.
Platforms
A little bit of preliminary research can go a long way in protecting you and your finances. Capital ETX is an online trading broker owned by N/A and located at 958 Prosser Hill Rd, Jamestown, USA. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. This I feel is very refreshing as over the past year or so I noticed from other companies the aforesaid has been lacking. I have been trading with ETX for 4 years and always found them to be professional and extremely competent. The telephone is always available to rescue a situation of my own making and online connection is interrupted.
We want to help our readers in any way we can, but sometimes it’s better to talk directly with your investing site to get the answers you need. For example if you have a specific query about your account you’ll need to contact them in person due to security. You can expect to be connected within a minute in most cases and find them to offer relevant and helpful advice. Customer support is available between GMT+1 on Sunday 9.30 pm until Friday at 10 pm.
The next means of customer service is email and it carries similar problems – poor response time and useless replies. You shouldn’t have to wait days or in some cases weeks to get a response. Previously, LimeFX used to offer a free no-deposit bonus of $20. People were getting this little amount to try out trading with this broker just for registering, there was no need to deposit. Once the trader was signing up, he has been giving another promotion – a deposit bonus of $100. This was quite an interesting sceme to get low-end traders, but sadly this promotion has ended and is no longer available due to the FCA regulaton.
In addition, you get access to dynamic risk management which helps you to control the risk of different positions very easily. Trading is quite easy on the platform and you can open trade with only one click by the order window. Create your own strategies and templates which you can duplicate on other charts. Analyzing is not difficult with MetaTrader 4 because you got so many options to do it.
Accounts are not structured in the “classic” way of Beginner, Silver, Gold, VIP, etc. but instead LimeFX offers the possibility to open a Meta Trader 4 account or a TraderPro account. The main difference between the 2 is the platform you’ll be trading on and all other trading conditions are the same. Also, it must be noted that spreads on MT4 are slightly bigger but still very competitive.
There are many educational tools as well to enhance your trading experience. The fact that there is a free demo account means you can brush up on your skills before you trade with this particular broker. Deposits are accepted by credit and debit card in addition to bank transfers and electronic wallets like Skrill or Neteller. There are no fees for either depositing funds or making a withdrawal. Withdrawals take up to three business days with funds returned to the source of deposit. To meet the requirements, you need to meet two out of three criteria.