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Don’t have anything to do with them and don’t give your mobile number to them, give a fake one if you have to. This was my actual experience, I am warning others so that the same won’t happen to them and I am not doing this out of malice. I wrote in to complain and after threatening legal action, they assigned me to a senior trader, who was head of compliance. As a form of settlement, they gave me 1k GBP and the idea was that the senior trader would help replace lost equity and regain their trust. It worked well for a month – and slowly I began to develop trust with the senior trader. Main tool and a very powerful one in the LimeFX business strategy is – education, which attracts new traders and gives a great opportunity for both parties.
However, as of recently, there’s an offshore entity causing troubles. It seems that this one provides illegal financial services worldwide. Read our in-depth LimeFX https://limefx.club/ broker review and find it all out. I find the third-party deposits available at LimeFX confusing, as it violates globally accepted AML stipulations.
Checking if the site connection is secure
Beware in the U.K.,as they also have a temporary licence to ply their trade in the U.K.,although I have also alerted the FCA in London of their modus operandi. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – is available 24/7 and has helped consumers all over the world recoup millions of dollars. If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.
I prefer more client protection in the form of a compensation fund, but overall, LimeFX presents a secure trading environment. LimeFX provides traders with the MT5 trading platform and is a rare broker skipping the benefits and infrastructure of MT4. The platform is available as a desktop client, lightweight mobile version, and mobile app. Beginner traders without existing MT4 solutions will not miss MT4, and I like that LimeFX offers the Autochartist plugin for deposits above $1,000. MT5 has a built-in copy trading service and full support for algorithmic trading but notably trails MT4 in both categories. I find the seven account types at LimeFX unnecessarily complex.
Overall LimeFX Ranking
The minimum deposit for a LimeFX account is $500, while there is a maximum deposit of $10,000 with credit/debit cards. LimeFX‘s website clearly states that withdrawals to credit cards can only be in the amount of limefx official site the deposit from that particular card; the remainder will be wired to the client’s bank account. Clicking on Bank Wire Transfers returns the bank wire information, while all other buttons lead to a log-in screen.
If you even enquire to this company, then they will never leave you alone. I guess their other services are unprofessional as well. The hard sell is a substitute for a quality product.The limefx review only way I can get some revenge is to post my message here. LimeFX’s representatives are driven to get me to invest, yet are not always available to assist me in my trades.
This is specifically against UK FCA guidelines for treating customers fairly. Financial trading tools including an economic calendar, glossary, and calculators to support trading. MetaTrader5 platform, which provides a comprehensive trading feature and vast solutions. On long-term positions, negative balance protection, and client funds are separate from LimeFX’s funds. You could always go and consult our website for further clarification if needed. LimeFX is determined to keep its customers satisfied, which is why its support staff is available 24 hours.
The Trustpilot Experience
You have made two very accusatory statements and we would like to provide further elaborations about both. Our team of professionals is always going above and beyond to ensure our clients receive the best possible service they can. In this review, we will describe why your funds are not safe with LimeFX. We discovered that the domain of this website has been registered several years ago. Scammers nowadays also buy old and existing websites to start their malpractice. Checking a website for other scam signals remains essential.
- I believe LimeFX is best for equity traders with deposits exceeding $5,000, which is the minimum required to unlock all beneficial services at LimeFX.
- Develop your own signals, be consistent and risk max 2% per trade.
- Besides the initial deposit, accounts differ in access to different trading assets and the provided education.
- While it remains within a reasonable range, traders must deposit $3,000 for access to stock trading.
- Similarly, the minimum deposit for a Platinum account is $25,000, and the fixed spreads begin from 0.8 pips.
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. If any one wants to see their money last time please part of this company. All their trades has commission, they do not care if you lose or win. After you lose all your money, they just blame it on the market. LimeFX is a forex broker established in 2017 and registered with SySEC , and VFSC . You are not the first and you likely won’t be the last.
Demo Account
Mistakes can happen even with the most cautious of investors, and should be used as a learning opportunity. Be careful and verify your information through multiple sources. Constant vigilance should be applied at all times when sending money online. LimeFX has a consumer rating of 2.75 stars from 4 reviews indicating that most customers are generally dissatisfied with their purchases.
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The highest of the four tiers grants a gift card with an unspecified amount. LimeFX does not provide benefits traders can use but branded merchandise and additional content. Here is a screenshot of the LimeFX MT4 Premium trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Equity traders should also consider the absence of swap rates and the positive impact on trading profits. It can add up to hundreds or thousands in saved trading costs.
I disagreed with about 50% of the trading suggestions but mostly went along with them. I often risked 50% of the equity as stop loss without realising it. The account grew 300% in 2 months and all was going well. Then with 2 trades that went very bad very quickly, all was lost in a day. The account hit margin call before it hit the stop loss, which shows how far the stop loss was.
Most remain ultra-short, just enough to introduce the topic without providing really deep insights. Eleven ebooks are also available, following the same principle as the video content. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Please read LimeFX Reviews below and share live trading experiences with this broker.
After the request has been approved, it will take additional 5-7 days for funds to appear in your account. Although the broker is not regulated by the local regulator, traders from South Africa can still register under the broker’s international entities and get exposure to the broker’s proposal. In simple words, it means the broker fully establishes its business according to necessary laws and principles of operation, eventually dedicated to protecting clients and enabling market integrity.
Is LimeFX a good broker?
The licensed broker companies and trading platforms would never ask for such a huge amount as it against the law. This raises yet another red flag for the LimeFX scam. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. LimeFX is one of the world’s leading broker platforms that prioritizes offering quality services and multiple features to its clients. Its users have numerous trading options to choose from, such as trading in foreign exchanges, indices, metals, commodities, cryptocurrencies, and stocks from all around the globe.
