Since it does not have any regulatory body above, the broker can practically do anything. Complaints on a forex broker or a forex scam should be posted here, BrokerView will deal with the case. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
They’ve been consistently providing excellent services to me. Been trading with them for a year and will surely stay. We recently introduced recovery trading for clients who lost on their trades, primarily because of a personal trade from clients that resulted into a losing position. If you have any questions or concerns, please email us at When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification.
But there are many reasons why it is best to stay away. They are highly-skilled, professional and reliable. I am happy that they are attentive to my trading needs specially that I am new to all of these. We take the integrity of our platform very seriously, and wanted to let you know this company hasn’t been playing by the rules.
Reprint of the materials is available only with the permission of the editorial staff. Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you. I have been trying to withdraw my money since 8th february 2021.
How do I know I can trust these reviews about LimeFx?
By now, I got suspicious of what is happening and read about this company and found out that they are in fact an online scam. If you need to put up 100 K in order to get negative balance protection you can see that your interest are not at the heart of the business. In LimeFx, transactions are simple and straightforward. Experience hedging and trade assets with low market price difference by opening a VIP account that has negative-balance protection.
Besides, online trading makes it easy to apply on its record, further enhancements can be utilized to the website if it only requires. MetaTrader 5 is also available as a mobile app for Android users. Trading accounts are now accessible and can be checked anytime, anywhere.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the LimeFxpanies. The entire responsibility for the contents rests with the commentators.
It is not at all likely that a serious company would not have any warning bells if it disappeared just over 1 million USD from an account. So I guess, that email was probably just a way for them to later respond to a bad review. There are better regulated and even on regulated brokers out there like the ones are written below that offer way more for less and have a reputation to back their claims up. Search by account type, minimum deposit, and maximum leverage in 2,000+ forex brokers. I never made any trades or LimeFxs at all with the funds I initially deposited into my LimeFx account.
- Besides, online trading makes it easy to apply on its record, further enhancements can be utilized to the website if it only requires.
- This trader supports hedging, advanced charting tools, and automated trading.
- They show you the screen with your account that goes up and down, they even tell you that they are going to contribute money, if they have stolen all this time.
- This is another red flag since all legit brokers are offering MT4 or MT5.
- The lady on the other side who had a Filipino accent told me that she is representing an online financial education platform by the name of “Capital World” which as per their website is based in the UK.
- Instead look for regulated and reputed brokers who can really help in growing your LimeFxs.
Facts & Figures LimeFx offers an interactive desktop and mobile trading experience via MT5. There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit lime fx of preliminary research can go a long way in protecting you and your finances. If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level.
We have scanned fees that LimeFx charges when trading popular currency pairs, here is their breakdown in pips. Needs to review the security of your connection before proceeding. LimeFx has a consumer rating of 1 star from 5 reviews indicating that most customers are generally dissatisfied with their purchases. LimeFx acknowledges brokers from most nations, including Singapore and Hong Kong. Customers from the United States are not recognized. Store prerequisites move as you climb the record levels, with the Prime form requiring a $100,000 starting installment.
We don’t have our own personal experience with LimeFx. However, the broker is regulated by the SVG which does not provide as strong protection to traders as 1st tier regulatory bodies . Considering that there are hundreds of brokers with stronger https://limefx.club/ regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with LimeFx. Dominatix.com is an offshore broker which is not regulated by any reputed regulation authority in its region.
I have kept this broker service and would surely recommend them because of their diligence and great services. Take a researched, confident step into the markets, by getting to know all there is about trading CFDs. Discover more about LimeFx’s five asset classes by going over our free and easy eBooks and following our Video tutorials. Go deeper into the trading pool, by improving your Technical and Fundamental Analysis skills with our Trading Strategy Tutorials. And for trading’s sake, make sure to book your place for LimeFx’s next Webinar, for a shot to get to know Michalis better.
LimeFx Review – Signs That LimeFx.com Is a Scam
Beside a simple to use yet powerful trading infrastructure with competitive pricing and superior order execution, LimeFx has packed inside lots of trading features that wait to be discovered. Trade with speed for a faster and more effective investing. Transparent pricing aggregated from 20 different banks and pool liquidity sources.
We can say that it’s not safe and there are no guarantees for your money. For the Mini account clients need to deposit 250$, while for the Prime account minimum deposit is 100,000$. Not long after, New Zealand FMA and Australian ASIC issued the same warning. They warned their citizens against LimeFx Ltd as a scam company and invited anyone who was in contact with them to report the broker. As an offshore broker, it is very hard to track the activities of this company.
That means investors’ funds in this broker are unsafe and cannot be protected by any laws. We would recommend traders stay away from unregulated brokers like LimeFx and trade with licensed brokers. She explained to me that their website is an online learning platform that provides financial education to get started with online trading.
Alternatives to LimeFx
This will tell you whether they areregulated by a central authority or if dominatix.com is an offshoreand/orunregulated entity. 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. limefx forex brokers reviews This will tell you whether they are regulated by a central authority or if LimeFx is an offshore and/or unregulated entity. In addition for maximum account security, our systems are always encrypted with SSL certificate, warranting that all trades, payment transactions and private information are highly protected. The total bitcoin transactions now summed up to a significant amount.
Trade on the world’s top markets with a multi-asset broker
Use of the services while it is unauthorized in your jurisdiction cause a significant impact. LimeFx Ltd. will not be liable for any damage and/or loss that you may incur upon your misuse of our services. Grab any market opportunity with Profi Trader. Trade currencies, stocks, commodities and other financial derivatives on over 10,000 assets. We tried to reach you using your registered email here in Trustpilot so we can address your concern.
The MetaTrader5 system gives a maximum advantage experience in any market situation. Also, the wide-ranging process of optimization of a complex robot is short and uses genetic algorithms. However, the new built-in features come with a custom visualization method and optimization results in 2D or 3D modes. During live trading, possible behaviors are simulated, and results are tested to allow trading strategy evaluations to be efficient. The main advantage of the Strategy Tester is the possibility of a robot on evaluating the performance prior to trading on a real account. The MetaQuotes Language 5 permitted the use of “Black box” programming.