In general, the FCA advises UK investors not to invest with this broker. However, the Forex broker does not have a compulsory FCA license to do this. The Forex broker is licensed by the VFSC, but this is not enough to offer financial services or products in the UK or Europe. For example, many fraudulent brokers charge high withdrawal fees that not only cover service fees.
There’s also a mobile app for the MT4 and MT5 versions of the trading platform. There’s no reason to be concerned about these types of records or the way that the system is being run when it comes limefx official site to LimeFX. Finally, we did have to reach out to customer service a number of times for comments, concerns, questions and more because we were just getting started with this new service.
They operate everything through 128 SSL encryption and all of the transactions are carried out through secure banking software, namely a level 1 PCI international service. All of this keeps your data more secure and makes sure that you don’t have to worry about identity theft. Withdrawing our funds after we were done with our examination was also very simple. If the account you’re using is fully verified you only have to make a request for the withdrawal.
LimeFX Bonus Programs
Finally, bonuses and promotions are another way that some services like to lure in unsuspecting investors. These are generally extremely difficult if not impossible to get however they tend to pull in a whole lot of new people. With LimeFX there were some bonuses offered, however they all appeared to be relatively easy to evaluate and they were most definitely possible to achieve. In fact, we were able to get through the process of opening the account and verifying within just a few minutes and without a whole lot of hassle. Not only that but we were immediately able to see a range of different features and services within the website.
I created group Forex Broker: LimeFX on Linkedin.: http://t.co/dnc9qimLyX
— LimeFX Europe (@TTMarketNews_eu) June 18, 2014
Multi-asset web-based trading platform with the fastest in the industry financial charts and advanced technical analysis tools. An account type for testing strategies and EAs, as well as smooth transitioning from a demo account to real trading. The problem with unregulated brokers is that they are not trustworthy and violate the rules. Some brokers who are not honest will be aggressive towards customers and encourage them to make certain transactions.
Is The LimeFX Broker A Scam?
Any LimeFX reviews will not only answer the question of whether the broker is licensed or not but will also give some insight into the regulatory body and point out if the license is top tier or not. Some brokers may provide a wide variety of trading products, while other brokers may specialize in one area, such as foreign exchange. Traders should trade with well-regulated brokers and reputable brokers. No matter what trading products you find in the LimeFX reviews, please make sure that they have obtained permission to trade the products they offer. With this lack of information and unregulated LimeFX, funds are not safe. This is why it is important to learn more about LimeFX before opening an account and sending money or submitting any documents.
Plus, you’re going to have dedicated account managers to help you along 24/7. If you find this LimeFX review helpful, be sure to share it with your loved ones so they don’t fall into this type of scam. If you encounter the next one on LimeFX, you are likely to be scammed or involved in a scam.
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You will need to proof your identity by providing a color government ID that shows your date of birth, full name, photo and signature. This means that if anything does happen to the company and they are declared insolvent the customers who are invested with them will have protection and compensation up to €20,000 per client. This means that you can invest without concern about losing all of your money because of the company’s problem. What all of this points to is that LimeFX is definitely a reputable service and they are most definitely not a scam.
During our preliminary research on this broker, we came across a ton of LimeFX reviews in which people said that customer service after the initial withdrawal was absolutely poor. While these platforms would be good in the hands of other brokers, LimeFX makes unauthorized trades and traders have trouble withdrawing funds from LimeFX. These account options may sound tempting, but trading on LimeFX is nothing more than a scam. LimeFX Group is an online broker based in Cyprus and providing access to the international exchange market.
We recommend that all investors and traders avoid LimeFX and other Vanuatu brokers. If you are interested in trading foreign exchange, cryptocurrency, CFDs or commodities, paying close attention to the broker you trade with can prevent broker withdrawal problems and help you avoid limefx website broker fraud. When you work with any of these different account types you’re going to have the ability to use hedging and you’ll have protection against negative balances. You also need to have a total of $/€100 to get started and you’ll have a restriction of 40 trades per day.
LimeFX Review And Information 2021
LimeFX hides most of the trading conditions and raises suspicion. In summary, regardless of the trading conditions provided by LimeFX, we do not recommend that you trade with it, because it is not regulated and may be a scam. He can cause huge losses to his customers, so in our opinion, he is a potential liar. When browsing LimeFX, the main problem was that the broker did not provide his physical address in the contact section. By opening a demo account at LimeFX, you can test our trading conditions – instruments, spreads, swaps, execution speed – without investing real money. The most common sign of a broker scam or a Forex trading scam is that the broker is either not regulated at all or has a low-quality regulatory license.
- These are some of the most popular and most used versions of trading platforms.
- In our broker review, we discussed trading products such as stocks, commodities, ETFs, foreign exchange, options, CFDs, bonds, indices, and cryptocurrencies.
- The Forex broker is licensed by the VFSC, but this is not enough to offer financial services or products in the UK or Europe.
- No matter what trading products you find in the LimeFX reviews, please make sure that they have obtained permission to trade the products they offer.
Some brokers may offer a wide variety of trading products, while other brokers may specialize in one area, such as foreign exchange. In our broker review, we discussed trading products such as stocks, commodities, ETFs, foreign exchange, options, CFDs, bonds, indices, and cryptocurrencies. You can also use our listed Fund Recovery companies to get your money back from LimeFX. If you have lost your investment in the LimeFX scam, you can contact us using a chatbot.
Financial instruments include Forex and CFDs on stocks, metals, and futures. The Company provides the execution of transactions from the online trading platforms MetaTrader 4, MetaTrader 4 MultiTerminal and MetaTrader 5. Obviously, LimeFX did not do any of the above, and can not even be regarded as a broker, but just a scam in the foreign exchange market.
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Obviously, LimeFX did not do any of the above, and could not even be regarded as a broker, but just a scam in the foreign exchange market. This is to prevent them from wanting to withdraw their money if they are scammers. Don’t assume that LimeFX is legal just because it had a friendly chatbot that greeted you when you first visited the site, or because the broker paid you a lot of attention limefx broker reviews in the first few weeks. This does not mean that you are discouraged – in many cases, trading is safe and reliable, but only with the right broker. A good broker should not only be regulated, but also have a good reputation, excellent trading conditions, and exceptional support. LimeFX definitely seems to be a legitimate service and one that is going to offer you the features that you need.
According to Global Banking & Finance Review, LimeFX is recognized as the best forex broker in Customer service in Europe. LimeFX D.J. International Consulting is an Official Forex Trading Sponsor of Burnley F.C. You’re going to have plenty of educational resources available through LimeFX, which include articles, remote courses and a whole lot more. They’re going to help you learn about different types of trading and they’re going to help you with developing your own style. You’ll have three different options when it comes to trading through LimeFX because these are each of the platforms available. The WebTrader version will be great for those who just want to stick with the proprietary version, and want to get into all of the different options that LimeFX has to offer.
The above information is not enough to start trading with LimeFX. Another missing feature on the LimeFX support page is a list of several different LimeFX employees, which many other brokers don’t do, especially the scam ones. The trading platform is actually quite reliable and it gives you a number of different tools Swap (finance) to use and even trading indicators. With the LimeFX account, however, we were definitely happy with the results. The commission on the trade we made was only 0.008% and it offers a spread of 0.2 pips. In any case, Vanuatu is an offshore zone and we recommend that traders choose carefully the brokers they will work with.
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What we found was that customer service answered all of our questions in a friendly manner and that they were highly responsive to everything that we wanted to know. Well, LimeFX is actually part of DJ International Consulting and has a headquarters in Limassol, Cyprus, though that’s not the only country you’ll find ICO (cryptocurrencies) them in. They are also regulated by the Cyprus Securities and Exchange Commission, which is the primarily regulator in Europe. Once again, that’s not the only service that you’ll find them regulated with either. Overall, however, we’re going to take a look at whether they’re really as great as some people say.
Trading Conditions With LimeFX
N Educational Services – If you’re just getting started or you’ve been working with trading for years you’re going to get a whole lot of benefit out of the educational resources available with LimeFX. N LimeFX Account – You’re going to have an option for what’s called an Electronic Communications Network account, giving you the ability to trade with better execution, near-zero spreads and interbank prices. When our clients deposit their trading accounts, the commission is always 0%. Choose the payment system according to your convenience, not cost effectiveness.
LimeFX is required to follow specific guidelines and rules related to the way that they secure funds because they are regulated by the CySEC and other regulatory systems. This means that they have to have the right level of capital and that they must use reputable banking institutions as well as segregated bank accounts. We were very happy with the customer service aspect we received as well. With scam services you generally get great customer service before you sign up but it disappears after the first deposit. That was definitely not the case from the experience that we had with LimeFX. We felt that we were getting the same high quality customer service throughout the experience.
It provides balanced conditions for efficient trading on the currency and other types of markets. The broker provides you with several platforms to access and access various instruments for trading purposes. The broker login portal will give you access to all your account details, as well as other tools and resources you need to trade. Traders should trade with well-regulated brokers like UK or Australia brokers and reputable brokers. We advise all investors and traders to avoid LimeFX and other Vanuatu brokers. We do not recommend trading with LimeFX as this broker was suspected of being a scam.