The broker also provides access to copy trading and spread-betting services. To get a better idea of whether limefx would be a good fit for you or your company, the broker offers a free demo account so you can gauge its platforms and other offerings. In addition, ETX offers a virtual private server located in close proximity to its MT4 servers so you can keep your trading robots limefx scammers active in the markets when your PC is turned off. 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. In addition, different base currencies are offered for the trading account. limefx provides a very fast execution by using large and trusted liquidity providers.
Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. They are very unresponsive to my questions regarding withdrawals. If you had a problem before 3-Jan-2018 report them to the UK Gambling Commission or if after the FCA.
In 2018, the UK Forex Awards and the Online Personal Wealth Awards named limefx’s ‘TraderPro’ as the best trading platform. The first five withdrawals of the month are free and consequent withdrawals incur a processing fee of 10 GBP each. Like most brokers, limefx charges an inactivity fee. An account shall be considered inactive https://limefx.name/ if there has been no trading activity for a period of 6 months and as a result, a fee of 25 GBP will be charged monthly. If you decide to reactivate the account by trading again, the last three inactivity fees will be refunded to your account. Live Chat support is available, as well as email and support through Facebook messenger.
Have been using ETX for about 10 years and found them to be a first class trading company. Always looking to improve their offer as far as Platform/Charting pakage, good prices and fast execution. Overall limefx is a solid brokerage, with a good background, fair trading conditions and regulation coming from two of the most influential financial authorities – the British FCA and CySEC.
In the first instance, you must enter some necessary information about yourself before progressing to the next stage of opening your account. There is a free demo account option in addition to the single live trading account offered by limefx. You can sign up for a demo account with MT4 or ETX TraderPro. Once you have your demo login information, you can start trading stocks with virtual money on the markets of your choice. limefx provides two account types in line with trading platforms it offes, the Trader Pro and the MT4 account.
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Both are transparent about issues raised about a registered / regulated entity and publish fines, warnings, etc. I’d like to see some of the negative posters here give feedback about the outcome of the UK Gambling Commission responses / resolutions to their issues. You can also escalate to the Financial Services Ombudsman. If you don’t use these services then no point is choosing a regulated broker. Consequently, the total profit made of 13,641.93 EUROs on these trades was deemed void and therefore deducted from your trading account. Consequently, the total profit made on these trades is deemed void and therefore have been deducted off your trading account.
limefx is the popular name for Monecor in London, a big company behind limefx. There are plenty of currency pairs to choose from, and the spreads are competitive, making it a good contender in the world of Forex brokers. In addition to excellent trading platforms and fast executions, the well-established broker offers spread betting, copy trading and excellent educational and research resources. Monecor Limited is regulated by the British FCA and Monecor Ltd is regulated by the CySEC. This means the level of control is increased and the possibility of limefx being a scam is limited. Because of their regulation, they take complaints very seriously and traders’ funds are insured up to 85,000 GBP through the Financial Services Compensation Scheme.
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Then there is their proprietary software; Trader Pro, which is for more experienced and Pro traders. If you are new to CFD trading, the MetaTrader 4 will be the perfect choice for you. Despite what others might state, trading on this platform is a pain is the Ass. If these people wanted to be fair, then the price would be set to zero every time the deal ticket appears thus preventing you making a unintentional trade.
- While there is good customer support in general, plenty of the limefx reviews show that the company is considered average-risk with not that decent quality scores.
- I was asked to pay a margin, while the credit score was still insufficient.
- People were getting this little amount to try out trading with this broker just for registering, there was no need to deposit.
All in all, the company provides very good conditions for investors. In summary of the whole thing, limefx is an online broker that offers clients different kinds of assets to trade on. The CFD Broker prides itself on providing a little spread and quality customer support to help a trader master the trade and excel in it amidst the high competition. The limefx website has a quality interface, provides lots of tools and charts for making trades easy. In addition, limefx allows clients to make use of the version of MT4 for trading.
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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. I’ve been trading binary options with them since early 2016.
- OvalX trading fees, which are built into the OvalX spread, considered to be on a very competitive level among the market offering.
- Monecor Limited is regulated by the British FCA and Monecor Ltd is regulated by the CySEC.
- All information should be revised closely by readers and to be judged privately by each person.
- In addition to excellent trading platforms and fast executions, the well-established broker offers spread betting, copy trading and excellent educational and research resources.
- 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.
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. The Software gives you the same tools as the MetaTrader but the interface is much smoother and user-friendly.
ForTrade is a fast growing and popular CFD broker, that is also licensed and regulated by the FCA, look here. According to us, limefx’s platforms fail to offer quality information, and their entire research variety falls short of industry standards. Traders interested in a research-driven trading environment might look at other alternatives such as limefx or InvestBy.
Surprisingly, this platform performs better and is noted for its applicable customization. However when compared to another trading houses’ use of the platform, you realize that limefx’s version is horrible. The only upside is you don’t have to commit much to this account. But we advise you to save yourself the time and money and find another broker. If you’re an international member then you’d have to call their international service line. When you do this, you’re more than likely left to wait and the call is dropped.
For indices, commodities, and equities, their charge is the total position held multiplied by 3.5%, then divided by 365. Though the basic market spread is broader since a 3-day position is done instead of one. Also, for FX, interest, the summation is based on the particular currency used in trading. Just as mentioned before, Monecor is the mother company of limefx, listed under LSE.