LimeFx scam: LimeFx Review 2020: Safe or Scam Broker? What We Found Out

LimeFx scam
LimeFx scam

You can instantly execute your trades or plan them ahead at a specific price point. This allows you to trade even when you’re not in front of your computer. You will also have access to news articles and research materials on the platform. This helps keep you updated on the current market trends and important market events. LimeFx has different trading conditions per account and asset type. You will find typical spreads here and all the other details you need below.

LimeFx scam

Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction. SmartContractsAtMintonBlock does not recommend investors to trade with this broker and your funds may not be safe with this broker. Broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes name and website URL without any notice to existing traders. Your funds may not be safe if you are trading with this broker. If you were scammed by LimeFx, you should know that there is a possibility of getting your money back.

Is LimeFx Safe?

The RAMM service is also unique as it allows you to invest in numerous different strategies while running only one account. You can use the strategies of expert advisors or you can trade independently if you wish. As we mentioned earlier, EAs are a great way for you to trade the markets in an automated way. These are in-depth and long form pieces limefx that are written up by Roman Butko, the head of research at LimeFx. There are also more thoughtful pieces that he has done including the most recent analysis piece on the Basel III capital requirements. LimeFx provides regular weekly commentary that goes over the most important market movements, insights, trading setups and forecasts.

The broker offers various deposit and withdrawal options, including Bank Transfers, Credit/Debit Card,s and e-wallets such as Skrill, Neteller, and Webmoney. The broker claims that its e-wallet deposits and withdrawals are instant, whereas bank transfers can take 3-5 working days. However, due to its unregulated nature, there are no strict guarantees on payment procedures.

All of these videos have been custom developed just for LimeFx and you won’t find it anywhere else. When you are just starting out trading Forex, it can be slightly daunting. That is why it is always a nice touch when a broker includes guides and other resources.

Not anyone can gain access to their educational materials. You will need to sign up or create an account to be able to start learning with LimeFx. The built-in chat support is also relatively slow. Their response time is not as prompt as you expect it to be. It usually depends on the availability of customer service representatives. The available online payment systems are WebMoney, Skrill, NETELLER, NETELLER CARDS , and Perfect Money.

LimeFx reserves the right to make any necessary adjustments or corrections to the account involved, at its sole and absolute discretion. For example, you have the guide to markets which gives you an overview and disciplines required to make money in a sustainable way over a longer period of time. They also have crypto analysis and trading guides.

Anything above that will have to be sent using another means such as a wire. Assuming that you were happy testing the LimeFx demo, you will need to fund your live account in order to start trading. The main benefits that this has over the MT4 as it relates to LimeFx is that you can trade a wider array of assets. These include the cryptocurrencies through their crypto account. The MT4 platform also comes with its own coding language, MQL4.

LimeFx scam

If you are looking for more information in these you can read our platform section below. These will give you access to the different spreads, markets and platforms. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. Forex Trading

There are between different FX pairs that you can trade. You can also trade Gold / Silver from the commodity complex. This is actually on the light side and we would have liked to see more selection of commodities to trade. There is a pretty respectable range of assets available at LimeFx. They have Oil, Forex, Metals, Equity indices and cryptocurrencies.

  • This will tell you whether they are regulated by a central authority or if is an offshore and/or unregulated entity.
  • SmartContractsAtMintonBlock does not recommend investors to trade with this broker and your funds may not be safe with this broker.
  • These are in-depth and long form pieces that are written up by Roman Butko, the head of research at LimeFx.
  • Other brokers provide these resources and they are a great way to get traders to communicate interactively and take part in the broader LimeFx trader pool.
  • Instead look for regulated and reputable brokers who can really help in growing your LimeFxs.
  • All you need to do is log in to Trader’s Cabinet and click on the withdrawal tab.

We noticed many LimeFx reviews where clients complained that they cannot withdraw funds from this broker. ReportScamOnline now considers LimeFx to be operating an online scam. We recommend that our readers not trade with this broker and limefx if you have an open account with this company, we suggest you try to withdraw your funds as soon as possible. Finally, while they do have educational resources, there are no live trading webinars and other types of personal training.

You can also graph out the order depth and see how the market looks across buys / sells. The LimeFx MT5 platform has also included an Economic calendar right there so that you can see a timeline of the latest upcoming economic events / announcements. In terms of the platform itself, there are a host of other features that are not offered on the MT4. Review

For lucky customers who reach a certain number of trades, profit, etc., will be provided some special conditions. A legit broker does not need such games since his regulation and trustworthiness are behind it. With several different entities and one regulatory warning, we are not surprised to see that clients are experiencing withdrawal issues with LimeFx. According to some LimeFx reviews we’ve seen, the broker also has an operation in India, besides Cyprus and Vanuatu. Some of the clients also reported Mauritius as a location they heard from LimeFx broker’s employees. We don’t have our own personal experience with LimeFx.

LimeFx scam

The texts on this page are not an LimeFx recommendation. 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.

You can also learn about the different terms as well as strategies used by well-seasoned traders. If you’re not familiar with the MetaTrader 4 platform, LimeFx has four videos that will help you understand how the platform works. Various payment methods available, depending on country. Visa, Mastercard, Neteller, Skrill, Webmoney, Maestro, Perfect Money, Ngan Luong, PayToday, Dragonpay are offered, among others. Choosing the best broker to invest your time and hard-earned money in requires so much attention to detail.

LimeFx Warnings

For example, they operate a segregated bank account structure. LimeFx is hosting a lottery where participants can win a portion of $100,000. This is exclusive to LimeFx clients with a valid Pro account. Clients will need to enter lottery tickets to get a chance to win. To get tickets, you will need to add funds to your accounts, specifically $200 or more, and have a trading turnover of 2 lots.

So these unethical tricks and fake statements will not help you to find space in indian market. And its a fact that LimeFx is an old offshore broker and not an Indian company. LimeFx does not guarantee the security of funds. The safety of your money is a top factor to consider in any platform.

The currencies for these are USD and EUR, except for NETELLER and NETELLER cards. The only available currency for that mode of funding is USD. You will have a maximum of 100 pending or open positions with a margin call of 40% and a stop-out level of 20%. Now LimeFx accepts deposit and withdrawal in USDT ERC 20, BTC and ETH option which made my trading easy. Instead look for regulated and reputable brokers who can really help in growing your LimeFxs.

LimeFx Review: our Conclusion!

For example, the credit card fees are particularly hard to justify. While it is important to note that these are third party fees, they are still higher than most of the other brokers we have covered. Hence, it could be a challenge for some traders to get on board with.

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