LimeFX Review 2020
In accordance with our research, LimeFX is a broker licensed and regulated by the IFSC. In order to be sure that LimeFX is not a scam, read our trader reviews and check other popular trading related websites and forums. Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money. LimeFX is regulated by the cyprus securities and exchange commission.
One reason not to trust an unregulated broker is there is no reason not to have a license. Third and fourth-tier off-shore regulators have very lax standards and do not demand much capitalization from licensees. Simply put, even a mediocre broker can get a license from somewhere, so not having any license is a bad sign. When I decided I wanted to withdraw $325, they opposed the withdrawal by writing to me and saying I shouldn’t withdraw. I stated it was my prerogative and that I wanted the money. They then said «OK» but never allowed me to withdraw my funds.
The customer support is available 24/7 in many languages, including English, Arabic, Spanish and many others. LimeFXhas been existing in the international financial market since 2003. LimeFX is a leading CFD broker, and they provide a wide range of assets for investors to trade. They are offering CFD trading facilities on indices, commodities, forex and shares. Traders and investors can take advantage of the user friendly, web based trading platform.
Is LimeFX Safe Or A Scam
Because I immediately got a ready-made strategy in order to make money and I don’t have to come up with everything myself. You just need to open an LimeFX demo account and start training your skills. Firstly, an excellent trading platform with the necessary functionality, and secondly, a good support service that will answer questions. Although traders have had great success with LimeFX. Trading on the financial markets with LimeFX is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase.
The mobile application has provided a real trading «with no limits». LimeFX promises up to $6,000 bonus for first deposits. Scam brokers offer huge bonuses to attract and encourage unfettered trading, high leverage use, and false confidence, leading to enormous losses. The british columbia securities commission issued warnings against LimeFX and its sister trading company xforex, owned by XFR financial ltd. According to the BCSC, XFR financial ltd has a cysec license. This license does not cover the trading activities of xforex and LimeFX.
The LimeFX minimum deposit is 200$, yet you should calculate and cover necessary expenses since the variety of trading instruments offers different margins and spreads. E.g. to open scammed by limefx a new position at equity, account must exceed the trade’s initial margin level requirement. Also, LimeFX occasionally runs promotions offering lower deposit threshold minimums.
We check and test Standard account and found fees are competitive compared to industry benchmarks. LimeFX fee structure is all built into variable standard spread, and is discounted for higher account types. 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. Previously the company operated legal and regulated entities in South Africa and Cyprus, however recently it operates solely through its international branch based in offshore Belize. Let our chargeback experts provide you with free instructions on how to recover funds at your bank.
Related LimeFX Vs Comparisons
In addition, there is an economic calendar, analysis tools and News feed inbuilt into the platform, daily analysis video and other education support essential for everyday trading. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Although we found some very useful aspects of the LimeFX platform that would be useful to some traders.
The platform has also been made into a mobile app for ios and android smartphones and tablets. Clients’ funds are kept segregated from the company’s, meaning that the company’s and clients’ assets are clearly distinguished, providing monetary security to traders. All client accounts are also opened under the investor compensation fund , which covers traders up to €20,000, should the broker be unable to pay out winnings. At the time of writing there are no welcome or deposit bonuses on offer. However, they do run periodic promotional campaigns and have been known to drop minimum deposits, offer deposit bonuses and even team up with international football star cristiano ronaldo.
An account inactivity fee is a fee charged to the registered brokerage client. LimeFX are able to accommodate various levels of traders whether you are experienced or a beginner. This LimeFX review was written by industry experts with over 20 years of financial experience in Forex, CFDs. The basic truth about binary investment is the same old story, knowledge is key and information is power, those will never get old, I’m not the type that wi… They tamper with your margin, two times I got a margin stop out at night while the spotlevel did not reach the values at the time of the stop out. Today it is one of the most convenient and profitable brokers with whom I worked.
- We have covered allot in this LimeFX review, If you want to see how LimeFX compares side by side with other brokers check out our LimeFX Vs pages.
- The complaints, which may appear on forums, may be related to the competition among the companies in this vibrant market.
- The platform includes real-time charting with all the leading technical indicators and extensive trading tools.
- He’s held trading and risk management positions at boutique asset managers and large investment banks.
- LimeFX offer both fixed and variable spreads depending on the account type used.
If you’ve lost your funds investing with LimeFX, XForex, or other forex and CFD brokers, we are here to help you navigate recovering those funds. LimeFX is still a regulated broker, but we recommend you to use caution while doing business with them. CFD brokers have often engaged in deceptive and aggressive practices to pressure clients into investments they did not understand. You have legal recourse to recover your funds, and we are ready to assist you. So, in a nutshell, there are different account managers it is our duty as traders to know which is which and not to risk capital just because someone says so.
LimeFX also clearly state on their platform that Losses can exceed deposits. Hello everyone stop losing your hard earn money to fake brokers, if you are interested in trading binary option, recovery of lost funds from those heartle… Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. Will aggressively urge clients to make additional trades. The client often acquiesces because the broker will be quite pushy and make it clear he or she is in control since they hold the client’s fundsWill charge high withdrawal fees.
All available LimeFX payment methods available to you can be found in your LimeFX members area checked on the LimeFX website. Below we give an overview on the account types that LimeFX offer. Whatever you are looking to trade the varying LimeFX account types will be able to provide you with what you need. LimeFX safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. LimeFX also urges its clients through its web platform to always look for the SSL security sign on the browser while operating LimeFX.
LimeFX provides trading through LimeFX webtrader platform which is its own inhouse trading platform and available for web, and smartphones. The platform has many features and trading tools to ensure an optimized trading experience. The broker offers online trading throughs its own inhouse platform for cfds on shares, commodities, forex, and indices. The platform compliments its institutional strength, practical expertise, comprehensive technology, and unparalleled network. Customer service representatives are available “24/5” and can be accessed via live chat, direct phone, or email. The reps speak six languages, and the website supports 16 languages.
It is an attempt to make you believe they are legit. It barely gives traders insight on the inner workings of the robot. Traders always want to have an insider’s look at what they are buying into. Thanks to the ingenious of Stefan Hoermann and his team. With master-noding, you invest and let the platform do the rest for you.
Apart from demo account the company offers also loads of services for traders, including financial calendar, training center for learning trading, free e-book and many other financial tools. The LimeFX platform has also been developed forex broker for mobile use with ios and android smartphones and tablets. Called ‘LimeFX online trading’, the mobile app is easily installed, with a responsive user interface and much of the capability provided by the web-based platform.
No company is allowed to perform financial transactions without a license. This company does not provide any evidence to show they are a regulated firm. Thus, they are not permitted to collect funds from the public. FraudForex – This service should forex not be considered as professional advice to buy or sell CFDs or other financial products, the use of the broker is at the sole risk and judgment of the customer. The information advertised here is not necessarily real-time nor accurate.
Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf. The LimeFX platform is available to use on multiple devices including and online through a Web Browser. Over 18 years later LimeFX has grown to offering retail investors Forex trading, and CFDs trading. We show reviews chronologically, and you can filter by star rating, language, location, or keyword.
Please note that the list of LimeFX payment methods belowdepend on the LimeFX Entity and the Clients Country of Residence. LimeFX also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move. If a market order is not fulfilled by your brokerage usually no commission is charged.
All funds deposited to LimeFX are held in segregated tier 1 bank accounts for security. LimeFX is regulated by Cyprus Securities and Exchange Commission so can be considered legit. You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account.
Also, we can include this information in our scam broker reviews so we can warn others. Talk to btc-scam.com professionals about your experience and provide documentation so we can connect you to people that can track down the LimeFX scammers, locate your funds and get your money back. There is nothing to lose by pursuing LimeFX and you could regain your losses. If you have lost money in an LimeFX scam, it is important to report the incident and work to regain your funds through btc-scam.com. We have the expertise, familiarity with regulatory bodies, and knowledge of the process of retrieving money from scams. LimeFX charges no deposit fees.You can use various methods from supported deposit methods including bank transfer, local bank transfers, credit cards, and e-payments.