We are committed to the fair handling of reviews and posts regardless of such relations. The main reasons I chose them is for the wide range of assets the offer – it’s great to have access to crypto and stocks on the same account. Also it’s good to be able to hold your trading balance in BTC for long term growth. I used their demo account first and got plenty of practice before placing any real trades. At this LimeFX review, we found out that the company is offering to trade on FX majors and cryptocurrencies.
That’s ok, with the gains I made I would prepare for next time because I planned on investing again. When commission was paid I attempted to withdraw the funds but withdrawals were suddenly deactivated for maintenance to be done. My funds were sent to a “so called” bank broker at Mutuelbnunion.com to do the transfer, but fee after fee has been asked before the transfer can be done. I’ve paid over $50k to this bank broker to get my “so called” funds, and fees continue to be asked after I’ve been promised by Eagle there would be no more fees.
Secondly, we do not charge fees and would never expect a client to pay money in order to withdraw their profits. Please check the exact website you are using letter by letter; you will notice it is not exactly Under this system, the “Master Affiliate” will keep earning up to the fifth level, which is tier 5. If you successfully recruit clients and reach tier five, your four-dollar commission per traded lot becomes five dollars. This will last you for the rest of your life, as long as your affiliates will continue to trade and earn with the LimeFX platform. The MT4 platform has thirty indicators and twenty-four graphic objects that traders can use.
- Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too.
- Many brokers use this type of license to defraud people who are new to trading.
- LimeFX is one of the newer foreign exchange and CFD brokerage companies that have burst into the financial scene in 2018.
All Scam Reports Team is here to help you out in this situation of fund recovery. All you need to do is to fill a small complaint form and we will be in touch with you shortly with a Free consultation. It limefx official site appears that you may be a victim of a malicious act of fraud. LimeFX does not trade on behalf of clients or offer any trading deals, all trading is done by the account holder themselves and no one else.
Is LimeFX a good and legitimate forex broker?
A number of complaints have been found regarding the scam broker in the various online review sites. A low rating on several online platforms makes it clear that the broker has a negative reputation among the investors. The investors have accused them of being scam brokers and state how they have been victims of the LimeFX scam and lost all their money and efforts to them. In numerous ways, this platform beats most demo accounts offered by rival brokers.
In addition, unlike most brokerages, Eagle FX allows you to choose the virtual fund balance with which to begin. LimeFX, as previously said, enables the two-factor authentication security feature, which will be activated instantly upon request. All open swap positions at LimeFX are subject to overnight costs. And, according to the broker, the particular charges vary depending on the trading instrument.
Basically, this broker only accepts deposits in Bitcoin, so you will need to buy bitcoins via Instacoins, and then it gets transferred to LimeFX. There’s only so much time in a day and there’s only so much money you have to start with. Although it’s not real estate in the traditional sense, it’s all digital. The broker extends the zero-fee deposit policy by agreeing to cover the transaction fees incurred as a result of your funding method of choice. LimeFX uses a reasonably sophisticated way to price CFD and FX spreads via the live spread function.
LimeFX company overview
Other online brokerage firms do charge commissions and hidden fees. LimeFX does implement hidden fees and is proud their spreads are comparatively lower than the others. The source of this information is the website and the broker’s trading platform listed in the Web section of this review.
If you intend to look for the most reliable internet brokerage platform, the biggest hurdle you will face is finding the right one that fits your needs. Unfortunately, cyberspace is such a vast area that determining a trustworthy and suitable one is like looking for a needle in a haystack. In accordance with our research, LimeFX is an offshore unregulated broker. This alone does not mean it is a scam, but you should be even more careful with such a provider than with a regulated broker. In order to be sure that LimeFX is not a scam, read our trader reviews and check other popular trading related websites and forums.
You’ve got the option of depositing funds via bank wire transfer, Visa/MasterCard, or Bitcoins. This rate can be adjusted to accommodate lower trade amounts. For example, if you entered a micro-lot trade (0.1 lot), the charge would be $0.6. Mistakes can happen even with the most cautious of investors, and should be used as a learning opportunity. There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances.
What Type Of Broker Is LimeFX?
Warning issued by any of these authorities clearly indicated that the broker is not a good fit to invest your hard-earned money with. When you are looking for a trade, it is immensely important to identify a broker that is reliable and legit. But, there are some reasons why we have tagged this Review in our scam broker 2022 list of scam brokers.
Take the example of LimeFX who is based in The Commonwealth of Dominica, it’s a country that has a license but it doesn’t allow financial services to be offered in another country. Many https://limefx.vip/ brokers use this type of license to defraud people who are new to trading. Moreover, all seven major currency pairs are included here, and an additional 48 forex trading pairings.
The whole complicated process happens in a split second and allows you to earn loads of cash. We can confirm that LimeFX is a scam that doesn’t have regulated licenses and therefore isn’t a reliable broker. We advise you to see with your bank what it’s possible to do or if you want to directly use a online recovery service, complete the form below.
The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business. The way Scam Broker Investigator reviews a Forex broker to see if they are legit or a scam, is by looking for a valid brokerage firm license. The best online brokers, are legally registered and licensed by the FCA in United Kingdom, or regulated by the CFTC in the United States. A licensed broker, gives their clients added security and of course safety of their funds.
A lot of bad reviews about it
The training program takes making money online to a whole other level. The owner of the program walks you through how to build and rank a site hand in hand, with the occasional voice over when he is sharing his screen. Because unlike LimeFX, it actually provides real proof of real success from real people as recently as a few days ago. The broker’s security safeguards, on the other hand, go well beyond the login page and into the management of your deposited funds.
It also makes use of the safeguards they’ve put in place to protect deposits and withdrawals. The maximum lot size for some of the most well-known players in the online forex sector is set at 100 lots. Furthermore, the broker claims you will have access to over 30 technical indicators, 24 graphic tools, and every symbol shown in 9 timeframes. You will get access to a wide range of trading tools, analytical and technical indicators, and highly interactive charting choices on either platform. On request, LimeFX and its Live Account will supply you with a Sharia-compliant trading account. However, these are not enabled by default, and you will need to contact their customer care to enable it for you.
A red flag that we noticed is that they are withholding vital information to users. Theycould go bankrupt from one day to another since there are no banking information about them. By trading with securities you are taking a high degree of risk. You should start trading only if you are aware of this risk.
All the opinions expressed on our site by individual author is solely their own and does necessarily represent or correspond to the views of the site’s management. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. By being able to be up to date with important announcements and developments, traders may take wiser and more timely trading decisions. The calendar may also be filtered to only display those items that each users is most interested in according to their own trading preferences. Besides its desktop and web-based versions, LimeFX also offers the MT4 mobile app which can be installed on both iOS and Android devices once it is downloaded from either the App Store or Google Play. The app allows those who wish to trade on the go, by putting at their disposal a full range of analytical features, with real-time quotes and trading straight from the chart.
Although LimeFX is not regulated, it’s hard to say that it is a scam since it provides real trading services. You will notice that most brokerages with different types of accounts have leverage limitations, with the greatest level designated for big volume traders. The safety of your money is a top factor to consider in any platform. Investing your money with anonymous platforms not only puts your money at risk. Your data may fall into the wrong hands attracting criminal activities during the registration process. With such lack of information and being unregulated, funds are not safe.
For example, when transacting with debit/credit cards, there is a 5k dollar maximum deposit. Regarding technical indicators, they refer to the collection of market data that happened in the past. Traders utilize this info for technical analysis to foretell trends in the forex market. They demonstrate if a particular trend is strengthening or weakening.
The technical storage or access that is used exclusively for anonymous statistical purposes. I accept the website agreement on the processing of personal data. No, the broker is registered in the Commonwealth of Dominica, which does not license dealing centers.
It can benefit different trader types like scalpers, day traders, and traders that deal with political and economic events. LimeFX then makes variable spreads accessible, which means the spreads are incessantly wavering whenever the market is erratic. Foreign Exchange markets are open twenty-four hours a day for five days a week, while you can trade in cryptocurrency 24/7. In the MT4 tool, you find particular sessions in asset trading in the specifications option. Keep in mind, we don’t get paid to promote any of the programs we review. We personally think forex trading is a great business model, but you could end up leaving way too much money on the table.