If you’ve made your way over from our FXRevenues review in the hopes of uncovering a new customer offer, you are going to be left fairly disappointed. Thankfully, the new customer experience will be more than enough to help give this LimeFx limefx website review a quick boost. Due to these reasons, I don’t recommend trading with LimeFx. Basically, if they charge you fees without your consent, you don’t have the right to ask the bank or the payment processor to refund that payment.
Comparing LimeFx with other trading platforms shows that they are competitive. There are other fees mentioned in the terms and conditions that you may want to take note of. Inactivity on your account as well as other potential commissions that can come into play at various times for swaps etc. requires a little clarity.
Reportscam.net can have advertising and affiliate relationships with some of the trusted recovery companies and may be compensated through them . Reportscam.net is committed to the fair handling of reviews and posts regardless of such relations. Notably missing are cryptocurrencies, but as the broker is new, we imagine those could be added to the platform later. If you think someone is trying to scam you, this is the place to ask about it.
You’ll find it easy to use the tools available to prepare your trades. And if there are any issues, then there is a live chat section at your disposal. If you want extra features to help enhance your experience, then you will have to pay for it.
They haven’t explained these requirements in detail so it’s extremely difficult to understand. There is no information available on their offered spreads which is another huge drawback. For example, it took FSC a lot of time to realize its citizens were getting scammed by OmegaPro. They issued a warning against the scam after several foreign regulators had already done so. Although they have a license from the Financial Service Commission of Mauritius, it’s not a strict regulator.
Once your account is funded, you’ll be able to start trading. First, go to the LimeFx website and click the «Sign Up» button. You’ll be asked to provide basic information about yourself, including your name, address, and email address. Once you’ve entered this information, you’ll be able to create a username and password for your account. After signing up with this company i decided it was not for me and requested a refund. I was able to gain good profit out of the signals and I never had any issues with their withdrawals and other processes with this broker.
When considering investing in the online trading market, it’s always worth noting how safe a brand is. They should be regulated and offer assurances that guarantee simple payouts and reasonable fees with protection for the customer from every angle. We’ll show you exactly how LimeFx fares in this respect so you can decide if it is the right place for you to create an account. As with most online brokers, the main source of commission for trading platforms like LimeFx is the spread between regular trade prices. The same was true in our Maxiwyse review and continues to be the most cost-effective way for everybody to benefit. The spreads are variable on this platform and will depend on the trade that you are going for.
LimeFx aka LimeFx.com – Scam and Fake DMCAs
The spread offers the broker a cut of the potential profits and these are higher on more volatile markets than others. LimeFx’ variable spreads are in-line with standard market practices; so no cause for concern there. There’s a minimum position size of 0.01, which is quite normal for stocks over $1.
- Basically, if they charge you fees without your consent, you don’t have the right to ask the bank or the payment processor to refund that payment.
- I was able to gain good profit out of the signals and I never had any issues with their withdrawals and other processes with this broker.
- GLE Markets is your typical online scammer trying to pass as a legit broker.
- While a little more clarity surrounding exact spread sizes and other potential fees would be welcome, there are many positive aspects to this brand that are worth talking about.
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With over 900 assets to choose from, investors can find the perfect opportunity to invest in the markets that interest them most. Whether you’re looking for short-term profit potential or long-term growth potential, LimeFx has the right asset for you. Unlike most modern brokers who offer MetaTrader 4 and 5 to their clients, LimeFx has taken the time, expense, and effort to develop a proprietary trading platform. This platform was developed to ensure the best trading conditions for clients, as well as world-class analysis tools and a user-friendly trading interface. Most of the reputed forex brokers I know offer MT5 or MT4 to their clients.
Our algorithm determines the trust score based on 40 different data points it collect. Having a proprietary trading platform shows the broker’s commitment to the industry, but it could be a good or bad thing https://limefx.biz/ in trader’s eyes. Some traders have never used anything other than the MetaTrader products, and they are not willing to switch. Others will appreciate the user-friendly interface and trade execution.
LimeFx product summary & conclusion
On top of that, they have unfavorable trading conditions and an unknown trading platform. The broker doesn’t share any information on the people running their operations, which is a huge negative point. The FCA said this forex broker doesn’t have authorization to offer its servies in the UK. So, if you trade with them, you wouldn’t have access to the Financial Ombudsman Service or the protection of the Financial Services Compensation Scheme.
If you’re going to use the LimeFx crypto option, then you will need a crypto wallet to make it possible to move your money into your LimeFx account. LimeFx offers a suite of mobile apps that allow you to stay connected at all times. Whether you need to check your account balance, transfer money, or pay a bill, our apps make it easy and convenient. With their Android and iOS apps, you can do all these things and more from the palm of your hand. The broker does not have information regarding banking options listed on its website. We felt that this was an oversight on their part as traders will want to know what methods they can use for deposits and withdrawals.
Be empowered to trade CFDs on FX, Stocks, Commodities, Crypto, Indices & Options. Get advanced tools, personalised support, uncompromising security. LeaderFinancing advertises as a brand with over 15 years of experience in the financial market and with over 170 countries where they serve. The company has no license, and the alleged owner doesn’t exist in the register of Hong Kong firms. Let’s just say that CryptoGo365 is a scam and not an innovative one. The company onboards customers without any authorization, running the fraud from offshore….
Warning lists from Financial Regulators
That is fairly high in our opinion and will almost certainly discourage beginning traders from using LimeFx. We can only assume this is what the broker wants, so that it can attract only experienced clients. I have seen plenty of brokers which use their own trading platforms so they can “rig” the trades of their customers and take more of their funds.
But for most customers, the basic tools needed are there with the beginner account. In each broker review, we pay attention to the details available to customers who are in access to the broker’s representative. We generally use direct communication directly with brokers, public opinion analysis, tests of demo and live accounts, and the precision of the prices chart. You can access the trading platform via the web-based integration at the LimeFx website enjoying easy access at your fingertips.
This is an important aspect as a little research will go a long way before embarking on a trading adventure. And LimeFx does seem to be upholding this end of the bargain well. This brand has created its own proprietary software which gives targeted access to hundreds of different markets around the world.
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There’s a 1-3 pip spread on majors and as we mentioned, the max leverage is set at 400. Interested in finding out how to set up your LimeFx account and place your first trade? LimeFx provides VIP customers various products and solutions to help them move trades to the highest level. VIP clients have a range of benefits, such as a dedicated account manager, a fixed price/bid difference, mobile trading, daily technical alerts, and access to their trading school.
While the fees are not exorbitant, they are higher than some of its competitors. Additionally, the company has a tiered system for minimum deposits, with the lowest level requiring $5,000. LimeFx provides the Basic Account that has a minimum LimeFx of $25,000. Through this account, you’ll be provided with an account manager to assist you in making the most money from your LimeFx.
I have always waited for the sessions to come to learn more with my agent. I will very much be intrested in continiuning tradeing with the same agent in future. We take the integrity of our platform very seriously, and wanted to let you know this company hasn’t been playing by the rules.
Trader safety is further cemented by fantastic security protocols, processes, and encryption technology. Simply head to the deposit section of your account, choose your preferred method, input relevant details, and submit. It is worth noting that the base currency used is USD and withdrawals must be made using the same method chosen for your deposit. LimeFx was established in 2021 and is currently offering its users flexible leverage, plenty of tradable assets, and free educational resources. Such terms and conditions suggest LimeFx has some fishy intentions. These provisions are completely in favor of the company and offer little to no benefits to their customers.
This penultimate section of our LimeFx review is a great place for our experts to highlight the great work that this young and exciting broker has already achieved. Trades are executed promptly, markets load swiftly, and there are plenty of tools to help with charting and plotting. Reputed forex brokers keep their minimum deposit limit around $5 or $10. One of the additions to the LimeFx product that we particularly like is the client education aspect. They take their role seriously in educating and assisting traders throughout their journey. Providing a minimum deposit gains you access to the education center which is packed full of resources.
Getting to grips with any trading platform can be a tricky subject. And even as a seasoned professional, casting your eyes over an independent platform like this will take a little getting used to. One of the great ways that this brand helps ease you into the scenario is to offer research and analysis tools. They offer a great range of trading instruments along with many helpful tools that will help get you started and take your hobby to the next level. In addition, you’ll also see that the leverage available blows some of its competitors out of the water. So this is definitely a brand to watch for both newbies and veterans.