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Thinking Of LimeFX? must

No complex downloads are necessary, and mobile applications complete the platform possibilities. For security and safety purposes, all personal information and trading session data are encrypted using the latest in 256-bit SSL technology. As well as their award-winning trading platform, LimeFX offers several extra features to its clients. There is a fully populated economic calendar and news stream that can be accessed via the website or through the platform. There are also daily market analysis videos uploaded both to their website and youtube channel plus calculator tools available for pivot, fibonacci and deal size calculations.

LimeFX scam

Traders can use tens of domestic e-wallets and payment providers, including unionpay and neteller, each with their own maximum deposits. There is a minimum deposit of $250, though this may be reduced during promotional events. LimeFX offers to its customer a ground-breaking platform.

How Many People Use LimeFX?

Data shows that 96% of all day traders in forex trading lose their hard-earned capital and eventually quit the market. In simple words, I can characterize this broker as perfect for trading at night and during news releases. It’s because it offers fixed spreads and charges no fees. Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

The forex trading platform provided by LimeFX to its clients is the software to carry out their trades. Some brokers provide only one, others quite a few platforms. LimeFX does not charge any fees for deposits and according to the information on its website, withdrawal requests take up to five business days to process. Delays beyond the company’s control might occur due to third party withdrawal payment methods. LimeFX has been at it since 2010, with an experienced management team from the brokerage industry. If you want to try out cfds, then LimeFX is worthy of your consideration.

  • Unlike most brokers, LimeFX doesn’t offer the MetaTrader platform.
  • In addition, LimeFX also offers first time traders the option to open a free demo account.
  • Thanks to a recovery specialist, they are private investigator and wealth recovery experts…Contact them via mail for more inquiries , Thought someone might find this information useful.
  • True to their words, LimeFX looked into our problem and resolved it as quickly as they could.

LimeFX is a multi-asset broker which has its headquarters in Belize, as well as a second office in South Africa. Founded in 2003, LimeFX is a rare broker that does not offer the MT4 or MT5 trading platforms, nor cTrader; instead, the broker solely relies on its proprietary LimeFX WebTrader. The broker also fails to support automated trading and focuses rather on manual trading; moreover, it does not allow third-party solutions to connect. LimeFX deploys an unacceptably high fixed spread cost structure with an average asset selection. New traders can consider the educational section at LimeFX, which also publishes daily trading ideas.

It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss. When opening a trading account with LimeFX, you will need to sign up here. You can find detailed guidance on LimeFX trading platforms here.

For over a decade now, LimeFX has been offering its clients a platform on which to carry out their trading activities on. With a wide variety of products to trade, LimeFX has attracted traders currency exchange from around the globe and it has achieved glowing international recognition and reviews. LimeFX is a forex and contracts for difference broker whose parent company is XFR financial ltd.

Some allegations were also against the entity, particularly gaining a large number of fake positive testimonials. Unfortunately, if you are facing any scam issue with LimeFX, approach us. We will help you to resolve the issue and recover your funds. LimeFX is a reputable broker and has found the balance between client needs and the cost of trading.

LimeFX Risk Disclosure

It is a cardinal rule never to sign up with a broker who is not regulated. Working with a broker that does not have a license offers no protection in the case of a broker scam. Although the lack of a license is not a guarantee that a broker is fraudulent, it is the one factor that comes up time and time again when we investigate broker scams. But its heart breaking when you know you have been cheated. I was caught up in a scam with this company last year that cost me BTC. This guys came up with a fake story of being hacked when it was actually an insider affair.

The articles are available to both new and experienced traders and it helps everyone to learn new trading techniques. The LimeFX mobile app is available to both Android and iOS device users. Traders can access their accounts and carry out their transactions using their LimeFX mobile app.

It maintains the most expensive trading environment among all online brokers, and offers traders a below-average asset selection and a sub-standard trading platform. The research and educational services remain limefx review average, complete transparency is missing, and the overall trading environment lacks competitiveness. LimeFX does not support automated or social trading, and provides only limited trading tools to clients.

Is LimeFX A Legit Broker?

The broker has no direct access to your funds so cannot misappropriate your money. Also LimeFX is regulated by Cyprus Securities and Exchange Commission . LimeFX is considered good and reputable to trade with LimeFX.

LimeFX scam

As such, it remains unclear what exactly remains available after this broker implemented changes. Traders can open a free and unlimited demo account, but LimeFX may not make all features available. LimeFX offers most of the educational value through 21 courses, with multiple lessons from a third-party provider. All video content is short, and quantity trumps quality. New traders can pick up some valuable information, and the approach is ideal for millennial traders who prefer videos of less than two minutes, accessible from their mobile phones.

Depending on the account type, LimeFX supports both fixed and variable spreads. Based on this, traders using Platinum and VIP accounts get lower spreads on their trades compared to those who use the Standard and Premium LimeFX accounts. Therefore, you need to consider your spread preference when choosing the account type you wish to select. LimeFX uses the MT4 and WebTrader platform to give access to its clients. LimeFX charges trading fees for each trade through spreads in addition to other costs such as inactivity fees.

Complaints Against LimeFX

A pip represents the smallest increment that an exchange rate can move. Besides the office in australia, LimeFX has offices in more than 15 locations globally and the broker’s website is presented in over 30 languages. LimeFX is an established CFD broker that is owned and operated by LimeFX au index options pty ltd. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. The company’s head office address in cyprus plus its locations in melbourne, australia, amongst others, can be found on the broker’s website.

With Negative balance protection means traders cannot lose more money than they have deposited. All money funded to LimeFX is placed into a segregated tier 1 bank account. This means your money in not held by LimeFX directly by a tier 1 bank.

We submitted a ticket to the customer care personnel and we got an instant response, promising to look into the issue immediately. LimeFX looked into our problem and it was solved in no time. We can safely say that LimeFX excels in the customer service department. LimeFX is quickly becoming a favourite among trader due to its constant availability of high quality services.

Most Discussed Xforex

You can deploy mostly all strategies including scalping, and hedging. License and Regulation are the keys to your fund security. We check two facts, what license broker carry and its background, and how are you protected in case things go wrong. September LimeFX bonus gives you up to $ 5000 and 100% more additional bonus if you deposit at least $ 100 till the end of the month. In 2016, LimeFX partnered with Cristiano Ronaldo, the Portuguese football star. The actions taken against LimeFX are similar to, though more severe, those taken against fellow Cypriot broker UFX.

Is LimeFX Legit

The platinum account has a minimum deposit sum of $5,000. They offer an exclusive welcome bonus and a VIP bonus for platinum account users on LimeFX, with the bonus coming as either cash or credit. Traders here can use the MT4 trading platform, which comes with various tools to ease trading. The Autochartist Market Alerts, Reports, and Forecasts give traders further insights into the markets and how they can take advantage of any market movements. In addition to these, traders get access to educational video tutorials and eBooks. With the Platinum account type, spreads on trades begin to reduce.

With only fixed spreads offered, LimeFX cant make the cut. Furthermore, eToro provides a sophisticated trading platform with built-in copy-free trading. Further again, there are many premium account options, not just one, unlike LimeFX. The eToro clients don’t even pay a single cent for copying trades. In comparison to LimeFX, minimum deposit guarantee for eToro traders extends up to GBP 50,000 as per UK’s Financial Services Compensation Scheme and 20,000 Euros under the ICF of CySEC.

But LimeFXChain is an anonymous company, they don’t even provide an address, let alone regulatory information. It is an investment service that is not regulated, therefore it is illegal in most countries. In terms of Forex tradings, the minimum fixed spread starts from 5 pips, which is very costly in case you are looking to trade only Forex currency pairs. LimeFX has been providing financial services since 2009. The broker has got a long history in the Forex industry. This company is a scam company.I was scammed out of $68,000.

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