LimeFx Review Is This Unregulated Forex Broker Legit or a Scam?

LimeFx forex brokers reviews
LimeFx forex brokers reviews

Trading instruments are almost solely focused on currency pairs and spreads are not so appealing. Local customer support is available for 6 countries in their native languages. Clients can reach the support team vio email, web contact form, live chat and phone. The support agents are qualified, polite and swift in responding to questions asked through the methods mentioned. Moreover, LimeFx web site features an education section for helping beginner traders to get familiar with forex trading and smooth the early stages of their trading career. Unregulated forex brokers often provide advantages such as undemanding registration and verification process, higher leverage, bonus and promotions.

BASIC – The Background Affiliation Status Information Checker is a free service from the NFA that allows traders or investors to check information of specific companies or persons. Hence, it is the best way to check forex scams in the USA. The forex trading scams you will find are usually simple and prey on the gullibility of people and the need we all have, to make more money. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument.

LimeFx becomes first forex broker to offer unlimited leverage – SMN Weekly

LimeFx becomes first forex broker to offer unlimited leverage.

Posted: Wed, 23 Mar 2016 07:00:00 GMT [source]

But there is still a list of fake forex brokers who offer nothing to the traders, and you cannot make a single penny from them. The broker also offers the mobile version of the MT4 trading platform, which can be used on iPhones, iPad, Android, or Windows system devices. You can easily limefx company reviews download the apps from the relevant app stores to access your trading accounts and check trading positions on the go. At the same time, this broker also has a margin calculator that allows traders to calculate the margin requirements for a certain trade and their potential risks.

Moreover, some robots can even help to make forex trading strategies. They can use an EA after transforming their profitable strategy to a profitable EA. As an advantage for professional traders, we provide free VPS (99.9% up time) for those traders who like to use EAs. ✅ Regulated – FSC ✅ Company – LimeFx LTD. ✔ To find the more best brokers reviews Listed. However, if you withdraw through wire transfer the withdrawal fee is $30. LimeFx has been operating in the UAE, Asia, and Europe but none of its branches are regulated or registered with any authority that oversees the Forex or financial LimeFx services of the company.

Top Forex Brokers Categories

With LimeFx it is easy to learn, trade, manipulate and earn money. We guide you to the most convenient and accessible way of trading in the world of Forex market. I’m a new trader and I like this broker, they give a 50% deposit bonus and alot of leverage, I’m very happy with them. When I first opened an account with this broker, I was actually a little unsure about if I made a right desertion or not. Right now i can confidently say that that it was one of the best things I did in my life they do not receive any commission so as a trader, you are not forced to close your position before a certain period. As a forex trader I have always been looking for a reliable broker with fixed spared and high leverage, When I started trading with LimeFx, I realized this is where I love to trade.

Also, check the regulatory status based on their location. However, some brokers may show you screenshots or pictures of the different charts to prove themselves, which are super easy to make. In this case, they never show the losses; they only show the profits.

  • The leverage they provide is really awesome too, they are are helpful, responsible and also polite.
  • On different regulated forex brokers from all over the world.
  • An offshore zone for shady forex brokers such as Brokerz, TraderUR, and more.
  • The $6.6 trillion market is growing every day, and forex scams or forex fraud are also on the rise.
  • So, traders should monitor and assess the performance of their chosen broker through different lenses as it prevents them from making uninformed decisions.
  • Furthermore, with your education, if you can identify a scam, don’t forget to report forex scams to the proper authority.

It offers cutting-edge trading tools, trustworthy trade execution, great leverage, and high-quality services, which makes it an exciting broker to try out. Traders can withdraw a minimum of $5 depending on the payment methods. The withdrawal processing time varies from one payment method to another, and there are no withdrawal fees. Moreover, clients using Paypal can face a daily withdrawal limit, and the processing time for Paypal is 1-72 hours.

They reduce leverage to 1:50 when your winning

The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees. Before deciding to trade currency or any other financial instrument please consider consider your LimeFx objectives, level of experience, and risk appetite. While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice. It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios. On the other hand, LimeFx offers only two advanced trading platforms – MetaTrader 4 and Web Trader.

It offers its clients access to various trading instruments, but it lacks financial regulation and has a limited number of trading accounts. As a result, its spreads are higher than other brokers, and its customer service is also not the best. LimeFx is a popular broker that offers clients access to various trading instruments and CFDs. It has great spreads starting from 0.1 pips on the majors, while LimeFx has an average spread of 1.3 on major pairs. Moreover, it has many trading accounts and platforms to choose from.

LimeFx forex brokers reviews

Every trader has a possibility to leave his or her own review on our web portal, that is why we may provide our users with the most useful and objective information about the broker’s service quality level. The brokerage company LimeFx analysis section is also presented in the English language only. The LimeFx offers its clients the recent economic news and the latest technical and fundamental analysis composed of the respected market analysts. Of course, this information will be extremely useful for every trader, but you may need a dictionary to read it.

IFC Markets Fees and Spreads

The spreads which LimeFx offers are not competitive when contrasted with those of similar sized brokers in the sector. You guys did a scalping generated the profit transfer a fund from one account to second for trading which is against the broker policy. Hence we have disabled your account and that is why your withdrawal is also pending.

Offshore forex broker FBS offers max leverage rate of 3000:1 – SMN Weekly

Offshore forex broker FBS offers max leverage rate of 3000:1.

Posted: Tue, 22 Mar 2016 07:00:00 GMT [source]

WebTrader is an online trading platform for trading directly through a browser without installing an application on your computer. LimeFx offers its clients WebTrader a convenient, comfortable trading environment and powerful lime fx features that enable them to trade professionally. Forex brokers often lure new traders with offers of deposit bonuses. This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus.

Forex — the foreign exchange market is the biggest and the most liquid financial market in the world. Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor.

LimeFx Spreads, Fees, and Commissions

Founded in 2011, LimeFxstrives to provide clients with high-class services and a reliable and accessible environment using modern technologies. To support their clients, Evest enables trading with MetaTrader 5. The offer is supported with One-click trading, Trailing stop, Pending orders.

In addition, Italian regulator CONSOB issued a warning against the LimeFx, informing investors that the firm is not authorised to provide its LimeFx services or activities in Italy. In this post, we reviewed the company’s brokerage services, examining its regulations, platforms, global access, registration, account options, leverage, trading fees, customer support, education, and reputation. Our team of experts has looked deep into the customer reviews to understand what traders are saying about LimeFx.

The spreads are categorized into standard spreads and VIP spreads. On the Standard and Premium accounts spread starts from 2 pips, on the VIP account, spreads, starting from 0.7 pips, and on the CIP account, it starts from 0.1 pips. Brokers’ fees can vary and change, and additional fees may be charged that are not listed in this review.

European Markets

This way, traders can practice their strategies and test out different accounts before investing real money in the market. LimeFx provides various services such as forex and currency pairs, precious metals, oil, and natural gas. Besides that, traders can also trade shares of well-known brands like Mcdonald’s, Walt Disney, and Coca-Cola. Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial LimeFx.

They give you a great leverage, you can deposit as much money as you want there is no limitation for those who want to start with a little money, it also gives you some credits when you deposit. It provides almost anything that I require a broker to provide. I live in Taiwan and I have been trading for a while, I also know several people who are doing the same.

The pyramid scheme is also called multi-level marketing . So, if anyone or any brokers tries to attract you through it, you should avoid it. To identify such schemes, you can check out the fake forex brokers list.

To my surprise the guy on live chat called Jim asked me to deposit more money of which i declined.Upto day i can not see my account. However then the broker said i have to pay 2850 usd to clear my VAT, its like international taxes,,,And this time i didnt paid for it…Please stay away from this platform. Usually, forex scam listed brokers offer a reasonably large amount of profit that looks real. Usually, the offerings are not unrealistically huge, so that you can trust them easily. So, if you have proper education on forex, you can identify the offering and decide for yourself. Usually, the traders should have access to their funds all the time.

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