Commodity.com makes no warranty that its content will be accurate, timely, useful, or reliable. There is no specific information on OvalX’s website on the practice of scalping. Scalping is the act of buying and selling trading products within unusually short timeframes, with the aim of executing trades with narrow spreads and minimal pips. Despite the lack of guidance, traders should do their own research. To emphasize this point, this will help traders to do their trading activities. By its advantages, traders can choose the appropriate platform based on the needs and their trading style.
On etx-capital, the average spread for the EUR/USD currency pair is — pips, while on iv-markets the spread is –. There are of course a lot of online brokers these days, each offering a unique experience to customers. But over the years LimeFx has managed to distinguish itself as one of the leaders in this space. The firm has built a reputation of excellence, reliability, and integrity as far brokerage services go.
OvalX’s mobile platform support is average compared to other brokers. The customized workspaces ensure individual flexibility, a feature that more and more clients demand from a competitive trading platform. OvalX offers a limited number of base currencies compared to other similar brokers. As a long-established, publicly-listed financial company with strict regulation and frequent industry recognition, we deem OvalX a safe broker.
While the research value offered LimeFx remains low, the approach to education ranks among the most valuable ones available to new traders, which I highly recommend to beginner traders. The UK Financial Conduct Authority is the primary regulator of Monecor Ltd, of which LimeFx is a brand name, and LimeFx. Swiss private equity firm Guru Capital purchased Monecor Ltd and its CySEC-regulated sister company Monecor Ltd. in 2020. LimeFx is a publicly listed company and a constituent of the FTSE 250, confirming fiscal stability. It also maintains several subsidiaries in various regulatory jurisdictions.
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. In addition to excellent trading platforms and fast executions, the well-established broker offers spread betting, copy trading and excellent educational and research resources. When it comes to forex pairs, spreads range from 0.6 pips to 3.87 pips. For instance, the EUR/USD pair attracts the lowest pips at just 0.6 while others like the GBP/JPY can have spread of as high as 3.8 pips.
Capital.com reveals new UK headquarters in London – Leaprate Forex Trading News
Capital.com reveals new UK headquarters in London.
Posted: Wed, 22 Feb 2023 08:00:00 GMT [source]
Bonuses do have several trading conditions, and traders should always make sure to satisfy those requirements before requesting a withdrawal of funds. While OvalX seems like a market maker, it is actually an online brokerage service that connects traders with market makers. Brokers like OvalX are third-party mediums people can use to access the products listed by such market makers. The trading account you register for determines which of the three available trading platforms you can use.
OvalX Account Types
The same basic structure is used again and again in all of their updates, which mean that once learned, clients will not have to relearn a new interface every year or so. Metatrader4 offer a solid range of trading features along with a lot of educational material, to sharpen the skills of its users. This platform is also very secure and protects its user’s information brilliantly. This platform is designed for experienced traders or ‘pro’ accounts.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Well, you can make a lot of money from CFDs since you get to trade with leverage. CFDs are complex instruments that are mostly suited for advanced traders.
However, CFDs are subject to Capital Gains Tax, while spread betting is not. MT4 also supports a variety of order types, as well as hedging and micro lots, in LimeFx’s case. The trading platforms can be downloaded for free, from the LimeFx website.
Verdict – Is OvalX right for you?
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. Most traders will use the web-based version of ETX TraderPro, also available as a mobile app, ideal for monitoring portfolios on the go and adjusting risk management settings as necessary. MT4 comes as a desktop version for algorithmic traders, a lightweight web-based version for manual traders, and a mobile app. LimeFx upgrades it via its ETX MT4 Remastered package, but it lags competing brokers. One of the most ignored trading costs is swap rates on leveraged overnight positions.
OvalX is a CFDs broker that allows you to trade financial instruments, including forex, commodities, cryptocurrencies, indices, and shares. Market research from this broker follows industry trends in that materials are average at best. Today’s traders have their preferred limefx sources for market analysis and trading ideas. The firm does provide basic things such as sentiment mapping of its traders and charting tools, and there are webinars and a rather extensive YouTube channel. LimeFx provides excellent educational support to traders.
- The content is provided on an as-is and as-available basis.
- The texts on this page are not an LimeFx recommendation.
- Overall, we recommend you try OvalX, although there are other brokers regulated in the UK that offer more favorable trading conditions.
- Apart from this, the company has headquarters at 26 Finsbury Square, London, EC2A 1DS.
- Read on to find out about what you can trade, account types, fees, and to dig into an in-depth platform review.
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. OvalX platform is a modern platform that has all the tools you need to trade comfortably. Advanced tools such as Fibonacci and more drawing tools are all supported.
Furthermore, trading becomes easier because new accounts can access historical data and volume indicators. Moreover, the platform has a news feed that provides essential information on what’s happening in the LimeFx world. The platform doesn’t apply any fees when purchasing cryptocurrency. Instead, a small fee of 0.5% will be applied when you sell your position.
The first is platform MT4 which the most popular trading in the world. At this point, you can also choose two other platforms to accommodate traders’ needs who want to trade via web or iPad, iPhone, and Android. LimeFx excels when it comes to educating both novice as well as expert investors. You can learn all about spread betting, specifLimeFx, technical analysis, and more. In-house experts as well as an independent trader firm offer free seminars.
An FAQ section answers many of the most common questions, and LimeFx explains its products and services well on its website. Most traders may only require customer support during emergencies, and LimeFx ensures swift access when needed. OvalX offers 2 main account types; Standard Accounts for retail traders and Professional Accounts for professional clients. Both account types can be classified as Premium Accounts with special benefits if you maintain a minimum balance of £10,000. OvaX’s parent company is listed on a stock exchange and regulated by top-tier financial regulators, both of which make the platform safe for traders and have low risk.
As the name suggests, this platform is geared towards experienced traders or ‘pro’ accounts. As a result, you get a range of advanced features and comprehensive access to the financial markets. Particularly, TraderPro reviews limefx highlight sophisticated charting tools. It means that it allows you to choose and view numerous charts in different time frames simultaneously. In addition, different base currencies are offered for the trading account.
Here you can stay informed on the regular market news, LimeFx opportunities, and analysis on stocks. The analysis section gets updated regularly so readers can get the full scoop on the market without going elsewhere. However, the platform applies a small fee on cryptocurrencies of 0.5-2%, depending on the trade size. LimeFx offers commission-free pricing across all its platforms. The Trader Pro fees are much smaller than the MetaTrader but have a more complicated user interface.
On 30 May 1973, the company changed its name to Monecor Ltd. In 2002 Monecor Limited launched a retail derivatives arm called TradIndex. To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers. We have not received any reports of fraudulent activity at this time.
The trading costs are very competitive with other CFD Brokers. LimeFx is a FCA-regulated CFDs broker listed on the London Stock Exchange. The broker offers CFDs trading services on forex, commodities, cryptocurrencies, bonds, stocks, https://limefx.biz/ and indices. Margin interest and overnight fees also factor into the broker’s total income. Trading in cryptocurrencies supports direct trading of a dozen pairs. If there is a shortcoming, it is with social or copy trading.