After that, you will be charged a £10 fee per withdrawal. LimeFX is a money-making opportunity that offers an MLM compensation plan and also a promised daily ROI when you join as an investing member. The company uses Ethereum cryptocurrency coins to join, the ROI, and to pay out your profits and referral commissions. The niche that I would say that LimeFX is in would be the cryptocurrency MLM ROI niche.

In this section of my LimeFX review, I am going to share the information about how the compensation plan and other ways that you can make money with the opportunity they provide. I wanted to see for myself what the facts are so I decided to take the time to research and review the information about the company, the products, and the compensation plan. The minimum deposit amount is £100, €100 or $100, and you can deposit funds in all three base currencies. When you deposit with this broker, you can choose between three base currencies – the Euro, US Dollar or the GBP.

Moreover, OvalX offers all of its platforms in mobile format, meaning that you can access your TraderPro platform on your Apple or Android phone or tablet. Nowadays, most traders executing positions wherever they are, that’s why OvalX trading allows you to move around freely while you trade. LimeFX has a limited product portfolio, which doesn’t make it a great trading platform for users. The fees are high, and the dashboard only offers CFDs, forex, and crypto. Charting is the only available research tool, and there are no ideas, fundamental data, or relevant news.

Educational and Research Support:

However, if you are looking for an extremely user-friendly broker, this may not be it. Their web-based, proprietary platform is very complex and as I’ve said above, it can be a bit difficult for beginners. The other choice is Meta Trader 4, https://limefx.vip/ which is my favorite but again, not something for a complete beginner. On the other hand, the days of overly simplistic trading platforms are gone, so if you want to trade, you might as well learn to do it on a proper trading interface.

• Mr. Wilson also serves as a Non-Executive Director at a number of other companies including EAG, Aninca and CCS.
• Also, the Trading Signals feature in MT4 lets you automatically copy other traders’ transactions in your own account after reviewing and comparing their track records.
• You can upgrade to real-time trading after gaining expertise and being comfortable with trading.

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.

So far excellent experience with LimeFX

The reason why I decided to review LimeFX was that I started to look around for another money-making program to add to my portfolio and stumbled across this one. To ensure our readers know how our experts get to their conclusions, we feel it’s essential to be transparent about the rating system we use. All our ratings focus on seven key factors which are shown below. Some of these factors carry more weight than others due to their importance. The importance of a factor has ultimately been decided by our readers and years of their feedback.

You can open and close trades and set limits and place orders. In the busy world of CFDs, sometimes choosing a broker can be a hard task. There are many criteria to consider to ensure that you get the best from your experience online. To assist you with your choice, we have carried out a full and comprehensive review of LimeFX and what they provide you, the trader. In addition, the broker undertakes to ensure that new traders are properly educated and ready to start trading. For that reason, Demo account is available for opening at any time, as well as the detailed and various levels of trading education that considered to be on a very high level comparing to its peers.

In the sections below, you will find the most relevant fees of OvalX for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. In addition to being able to use the site on a mobile browser, you can also download an app for iOS and Android and trade on the MetaTrader 4 version of the trading platform. 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.

LimeFX Trading Reviews: Account Types, Deposits & Withdrawals

You get the odd trade rejection on big spikes although this is getting far better and I haven’t had one for ages. I had one issue with misrepresentation, what I was told prior to funding my account and reality, which cost me profit but didn’t cause a loss when a trade should have been profitable. This review relates to the Binary Options platform / trading only. I will file a complaint with the UK Financial Ombudsman now.

With over 50 years of existence in business, plus being regulated under the FCA, the platform has proven to be a secure place for any interested broker. The Software gives you the same tools as the MetaTrader but the interface is much smoother and user-friendly. Multiple chart types, technical indicators, and drawing tools are available for analysis.

With this facility, you are more likely to avoid currency conversion fees. LimeFX garnered its name from the acronym of exactly what they offer – Electronic trading, Telephone trading and eXecution. The company was initially established in 1965 in London, UK, specialising in mortgage bonds.

With LimeFX, using the MetaTrader 4 software, you can do precisely that. You can choose to use the mobile-friendly version of the site in your browser or download the LimeFX app. With the app, you have access to charts which you can customize to suit how you trade, and you can monitor your positions and trade on the go. The regulators aim to protect consumers from fraud even if it comes from regulated companies. It’s over complex even for a more technical trader and on top of that, the charting and technical analysis features are unreliable. The next platform which is the MT4 is without a doubt the more popular of the two.

OvalX is the brokerage brand of Monacor Ltd, which was established in 1965. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. Being in operation for a long time and regulated by a top-tier authority are all great signs for OvalX’s safety. Professional clients are not covered by any negative balance protection. These are good quality and cover assets ranging from forex to stocks. OvalX has one basiclive account type, and it only provides accounts for individuals, no corporate accounts are available.

To get to customer care support, use the contact us page on the website. Note that the ETX Trader Pro and MetaTrader 4 are available for any device. You only need one account each to get access to the markets on your devices. LimeFX is highly regulated by the FCA in the United Kingdom.

LimeFX was mentioned as a suspicious platform by the most trusted regulatory body in the UK, the FCA . Our review is based on their respected opinion and on our personal research. ReportScamOnline suggests that the company operates illegally and without a proper financial regulatory license. 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. When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification. This will tell you whether they are regulated by a central authority or if Capital ETX is an offshore and/or unregulated entity.

• This ‘practise’ account type allows you to get familiar with the site either on desktop or mobile and to learn about the various features.
• 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.
• Funds can be deposited and withdrawn on the LimeFX platform through several methods.
• A mobile version is also available for the MT4 platform for Android and iOS that gives you all of the features of the desktop version.
• Some of these factors carry more weight than others due to their importance.
• The other two are that you must have relevant experience in financial services and have traded at least ten times in the last four quarters.

Charles has worked at brokers since he finished his studies at university. Starting as a Junior Trading assistant and progressing into a Business Development we’re delighted that he’s been part of the team since 2015. As a well-established broker listed on the London Stock Exchange and licensed by the FCA means you can be confident your money is safe.

Needs to review the security of your connection before proceeding. All information on 55brokers.com is only published for general limefx scammers information purposes. We do not present any LimeFX advice or guarantees for the accuracy and reliability of the information.

Is LimeFX a legit broker?

OvalX is a CFD and forex broker that offers alarge number of currency pairs and CFDs. Its overall product lineup lags behind some of its competitors. OvalX offers only MetaTrader 4 as a desktop trading platform. These catch-all benchmark fees include spreads, commissions and financing costs for all brokers.

In this section of my LimeFX review, I am going to answer some of the questions that people may have about the company and opportunity. What happens is you will earn a percentage of the LimeFXs. The second level of your unilevel comp plan will pay on your team members that your level 1 members personally recruited. One of the things that I like to find out about any money-making company that I could join is to find out who the owner is. When I started to dig, I came across several posts and reviews that had both good and bad things to say about the opportunity.

Spreads

It also has a user-friendly and fast account opening process, as well as a lot of high-quality educational tools. With a deposit of £100, you can open the Standard live account with LimeFX. 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 hundreds or thousands of dollars. OvalX’s spreads tariffs provided via access to the institutional greed of pricing, the OvalX trading fees are built into the spread. The difference between a great broker and a mediocre company, is how much they invest in their trading software.