Fact is those complaining about this Broker don’t know what trading is all about… Most negetive complaint here is as a result of poor risk magt which ain’t the brokers fault…. Made a fortune out of my 400 dollars deposit last November…
All Scam Reports is committed to the fair handling of reviews and posts regardless of such relations. The regulation status of a broker is one of the most critical points while choosing the right broker. Here, this broker seems https://limefx.name/ not to be regulated in its jurisdiction of operation and is indulged in scam activities. There is a high possibility that the broker has been warned by reputed regulation authorities like CySec, ASIC, FCA, CNMV, FINMA, etc.
Warning Issued By – Commodity Futures Trading Commission (CFTC)
Moved over to a live account and traded crypto on there platform. With the good amount of trading options and spreads i moved over to use them as my main trading account for 14 months now. Fast withdrawals and easy platform and the leverage is better then most others out there. This is unlike the majority of other online trading platforms and brokerages, which provide a variety of live trading accounts tailored to the various classes of high-volume and average traders. Currently, a vast number of the FX and CFD brokerages is available within the European Union, Australia, GCC, and other geographies. Previously, we were reporting on JAFX – an offshore company that serviced US clients for a few years – and now has disappeared without any sign.
- The typical spread on the EUR/USD are 0.7 pips and on the NASDAQ 1.12 pips, which compare favourably with industry averages.
- We have not been able to find pages where you need to go through the KYC procedure.
- 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.
- I click on the methods of deposit and withdrawal, and I just get some guides on the trading terminal.
- The maximum lot size for some of the most well-known players in the online forex sector is set at 100 lots.
Spreads are quite volatile here, and the site’s live spread area is refreshed every 10 seconds. Mobile traders can also obtain the Android and iOS versions of the MT4 trader from the LimeFX website. Similarly, traders have the option of using the Web Trader. Frequently, you must browse and read various broker websites, each of which utilizes a different language. Site materials are presented for informational purposes only.
Opinions, market data, and recommendations are subject to change at any time. If you have enough money to take out in your account, the whole withdrawal process will take place on the same day, same with depositing. Withdrawing bitcoins will take thirty minutes since the LimeFX system will need that time to process and review the transaction. Whenever high, comparatively higher leverage rates are utilized, clients’ accounts might be at risk. LimeFX acknowledges this and supplies protection in the form of a powerful negative balance.
LimeFX Trading Costs: Fees & Commissions
Each file is different but MyChargeBack knows all the procedures to speed up your file. If you want to know more about the procedure, click here. Just click on the button below to get in touch with an expert or use our online chat (it’s better to use it if you lost more than $5000). Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
In this LimeFX review, we will delve deep and examine how effectively the LimeFX platform performs in its capacity as an international multiple financial asset trading platforms for traders in 2021. One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this LimeFX firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why they are dangerous to deal with. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I like the easy platform they have, fast support, fast withdrawls, fast execution on trades. We have looked into your query to find out more regarding your issue. It seems as though you used a wrong trade ID which is not BTCUSD, and therefore we weren’t able to find the trade you are referring to.
Happy with my experience so far
You can also get the same tools and features directly from the site, along with straight-from-the-chart trading and live quotes. It has striking visuals, whose user navigation is easy and straightforward. It has favorable feedback and reviews online and is currently available in twenty languages. This system enables the traders to gain very low spreads at a time when the market is highly volatile.
These are deemed essential functionalities for traders of different skill levels. Please read LimeFX Reviews below and share live trading experiences with this broker. You don’t have to worry about the constant and crazy market volatility that cryptocurrency entails. There’s a lot that comes along with forex trading that many people struggle with.
There is also a growing proportion of users from Turkey and Russia, but we don’t see Turkish or Russian language on the LimeFX site. Of course, the broker is also not regulated in these countries. There is a whole section dedicated to the affiliate program.
I liked the auction, the conditions were excellent and everything was done very well. There is only one kind of account available for customers of LimeFX. There is a 0.01 minimum lot size and has 1k maximum trade size. Also, only exclusive to Islamic users only, LimeFX provides swap-free accounts. However, because it is a broker that in accordance with our research lacks any regulation, we would be quite sceptical if we were to trade with such a provider.
I have been trading for almost a year…
You will find the buttons for depositing and withdrawing funds at the top. On the LimeFX official website, the first thing a visitor sees is a large advertising banner. Future clients are invited to join an award-winning broker. Of course, they promise ultra-low spreads, multiple assets, etc. At the same time, we did not find specific information about the company.
When it comes to withdrawals I’m happy to say that the longest Ive had to wait was about 6 hours. Once I began placing real trades I was pleased to find that the whole process is very simple and the execution of each trade limefx forex broker was quick. Stay up to date with the financial markets everywhere you go. However, when malpractices are present across multiple websites it would rather mean that these websites are operated by the same company.
Should you discover a copy website, kindly inform us on our 24/7 customer support via Live Chat, Email or Call-back request and one of our representatives will assist you immediately. It is especially beneficial for rookie traders because it provides the capacity to fully practice and test all the system tools and reenact trading strategies without the fear of losing real money. Once you are confident enough to do real trading, you can go ahead and open a live account in actuality. Regarding fees, LimeFX does not charge any withdrawal, deposit, and inactivity fees. Swap fees are implemented whenever there is overnight open trade and are different depending on the type of asset.
If you are still uncertain about your trading capability, LimeFX offers a demo account for novice traders who need a boost of confidence. You can make alterations like putting in any leverage and deposit amount in the MT4 tool. Nowadays, traders and investors can easily buy and sell tradable assets by clicking on a computer button. This way, you can fend off large commissions charged by unscrupulous money managers and do business in the comfort of your own home.
It means that your digital money is not stored in LimeFX’s internet servers or any computer, rather inside an external device, away from online threats like hackers. LimeFX takes pride in its tremendously fast trading process due to a unique feature called STP or Straight-Through Processing. It enables a potentially arduous and complex undertaking of trade to be straightforward and quicker. There is no need for re-quotes, a dealing desk, and no time for manipulating the price. To put it in perspective, the LimeFX platform compares each offer rate from their stored information of liquidity providers and provides the greatest output.
Using the Internet Archive, we were able to find out that snapshots of the LimeFX domain started appearing in 2019. It is hard to believe that the company has acquired thousands of customers around the world in just 2-3 years of operation. First, LimeFX is not licensed as Dominica’s financial regulator does not control international dealing desks. To complete the registration, you need to verify your email. Next, the system will ask you to confirm the phone number using a code. Using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance.
You simply drive in the request “forex, trading, leverage, CFD contracts” and so on. LimeFX certainly does not work like a real intermediary, but exactly the opposite. Well, this is a scambroker, which has literally nothing reliable. If I were you, I would not register with such companies. There are many more famous, pleasant and trusted brokers. There is a margin call at 100% margin and a stop out at 70% margin to protect against negative balance.
Types of Accounts
These spreads and commissions are very competitive, which can be compared to other giants in the financial world like LimeFX, XM, or HugosWay. LimeFX is one of the newer foreign exchange and CFD brokerage companies that have burst into the financial scene in 2018. Its base of operations is in the Commonwealth of Dominica, a small island nation located in the eastern Caribbean Sea. Trade more than 6,000 markets without commissions and professional platforms. However, LimeFX might be the best one out there for traders of different skill sets, ranging from the beginner level, intermediate, and to the more sophisticated and advanced ones. They have the best online tools and functionalities for any interested parties willing to try it out.
We have over nine years of experience and have made an exhaustive examination of the platform and the services it provides. Once you have read this review, you will learn the truth about it. Then you can decide for yourself if you are going to use it or not. LimeFX has received a public warning from SEC(U.S) which is a regulated federation. Each country has its own federation for all financial services like trading, banking, loans.
LimeFX is not currently regulated by or registered with any government or non-government body to supervise its financial activity and resolve trader complaints. LimeFX waits for 6 confirmations, but it’s no big deal. Needs to review the security of your connection before proceeding. Comparebrokers.co needs to review the security of your connection before proceeding. On July 16th 2020, the CFTC warned investors about this broker.