Test customer service when you are investigating a broker, but keep in mind that even scam brokers can seem friendly and helpful at first and can show their true colors later on. Our experts can’t emphasize enough that the most important factor when deciding whether to use any broker is licensing. It is a cardinal rule never to sign up with a broker who is not regulated. Working with a broker that does not have a license offers no protection in the case of a broker scam. Although the lack of a license is not a guarantee that a broker is fraudulent, it is the one factor that comes up time and time again when we investigate broker scams.

Some brokers may offer a wide selection of trading products, whereas others may focus on one area, such as forex. Keep in mind that some types of trading, such as CFDs may be restricted in certain countries. I have been in trading business for almost 30 years and the latest 15 years of this period has been devoted to foreign exchange trading. Minimum deposit and minimum withdrawal amount via wire transfer is $500. For PayPal, minimum deposit is $50 and minimum withdrawal is $5. The minimum deposit is $1 and minimum withdrawal is $5 for all the remaining methods.

• I have also made some deposit and withdraws with them, so far I can’t mention even a single issue could set in any dissatisfaction.
• Some brokers offer only their proprietary platform but look closely if this is the case.
• LimeFX offers its clients WebTrader a convenient, comfortable trading environment and powerful features that enable them to trade professionally.
• Clients can reach the support team via email, web contact form, live chat and phone.
• Security of funds is a huge problem with unregulated brokers.

You can also use free access to the virtual VPS server, which will protect trading from technical failures, make it comfortable and allow you to test strategies easily and create your own trading systems. Fx Glory offers the MT4 and WebTrader forex trading top platform. LimeFX.com offers over 35 forex currency pairs, gold, silver, other metals and oil for your personal investment and trading options.

LimeFX Review

Almost anyone who has advanced electronic gadgets with an active internet connection can get started with them and make best use of the available resources. They offer this common trading platform that has numerous indicators and graphical tools. The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. ✅ Regulated – FSC ✅ Company – LimeFX LTD. ✔ To find the more best brokers reviews Listed. Should we consider LimeFX as a scam lottery or a fraudster? At this stage of the company’s development, it seems too early to make final conclusions about it, but you can protect yourself by working correctly with your personal manager.

However, if you find that they don’t cut it, then an unregulated broker becomes a new source for the services you’re looking for. Unregulated brokers offer traders more freedom and flexibility in their trading than their regulated counterparts. However, some trading veterans don’t appreciate many of these rules and regulations and see them as an obstacle to greater profits. This is where the offshore, unregulated brokers come to save the day. With some unregulated forex brokers, you will find a ratio that is many times higher than the US limit.

Trader Defense Advisory initial consultations are free in nature. Services contracted by interested parties may be subject to various fees depending on the case. Trader Defense Advisory does not offer to individuals’ investment offers or advice. Problems arise, however, when the broker manipulates these spreads or adjusts rates to artificially raise their commission.

This trading platform is developed with user-friendly and simple structure that provides instant access to 30 tradeable currency pairs. LimeFX is an offshore broker which is not regulated by any reputed regulation authority in its region. The broker may operate in many countries without the regulation required by the reputed regulation authority in its country like CySec, ASIC, FCA, CNMV etc.

Moreover, any information regarding inactivity fees are also not mentioned by them. To get specific answers, clients have to contact the support team and with so many question marks, their reputation does seem to take a hit. Just like the majority of the brokers before applying for a withdrawal, clients have to submit all the required documents to verify their identity. We are not labelling them as a scam, but given the characteristics they show, it is not productive to trust them without seeing actual evidence.

Full Review

The company is owned by LimeFX Ltd., which is an offshore company registered in St. Vincent and the Grenadine with no regulating body overseeing its operations. This involves the trading of gold, silver, and other precious metals as hard commodities Volume (finance) that are contract-based tradable. Brokers’ fees can vary and change, and additional fees may be charged that are not listed in this review. The cost of trading depends on different factors like commissions, spreads, and margins.

On the downside, fees are high, the product list is limited and the broker is unregulated. The broker offers an MT4 platform download, low minimum deposits plus bonuses, it does also have several drawbacks. limefx scam Firstly, the fixed spreads are relatively high and the number of tradable products is limited. Also, their offshore status and lacking educational resources means the broker wouldn’t be our first choice.

On a more positive note, fixed spreads make it easier to budget for expected fees and no commissions are charged. If you have traded with LimeFX and believe you have been scammed by them you have a chance to get your money back. At Broker complaint alert it’s our job to make sure you can fight back and get your money refunded.

How To Invest In Index Funds

And yet the references we expect from traders may not only affect the broker’s ratings, but also caution investors against problems. The LimeFXpany was founded in 2011 in the United Arab Emirates . The broker is constantly developing, implements new services actively, participates in various expos, offers the cutting-edge FX trading tools, superior and trustworthy deals execution. This firm is recognized by the global FX community as the most respected brokerage house. Click the following link to read the LimeFX newsand events.

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. With no regulation, traders may have a very difficult time in establishing trust with LimeFX as a broker. This is an issue which the LimeFX team say they are working Leverage (finance) to rectify, however, it cannot come soon enough for many traders. Here they provide access to a daily analysis of selected markets. This research appears to be conducted by the brokers own in-house team, and combines with an economic calendar and margin calculator to round off the research tools provided by LimeFX.

Every time I request a withdrawal, I receive it the next day into my PayPal account with no issues. Using the services of a bank outside of your home country is not illegal if it is done for legitimate reasons. Individuals may choose to keep their money offshore if there is instability in their own country, and they fear losing their investments. Forex trading, which was massively popular a few years ago, now has a mixed reputation because of increased vigilance and regulations.

To open a live account, clients need to sign up at LimeFX.com. Once registered, head to the login page in the Client Cabinet tab. For full bonus terms and conditions, head to the Promotion tab of the LimeFX website. There is little information regarding any additional fees, so to avoid unexpected charges, clients should check terms and conditions when signing up. LimeFX appears to be a perfect broker on paper, but things and perception of clients change once they take a close look at their actual business.

Best High Leverage Forex Brokers

Fluctuations also occur rapidly, and it can be easy for dishonest brokers to deceive clients into believing they have not generated any returns, or worse, that they owe them money. When these fake brokers add extremely high commissions onto losses, they can convince clients that they are in debt to the broker and the broker may illegally justify withholding funds the client is entitled to. This factor, however, requires close attention because it is often the area where people can be taken in by broker scams.

Common Scams

MT4 is well-regarded for its ease of use, advanced features, and customization options. Its simplicity is great for novice traders while its advanced functionality ensures that it also caters to more experienced trading professionals. Newbie traders should always stay away from that degree of risk and even if you are an experienced trader unless you are properly hedged, you should never take on higher leverage. There are primarily 4 account types and the minimum funding required to get started ranges from $1 to over $50,000.

But in the US, the forex rules are more strict thanks to the government. LimeFX’s website does not have much on offer in terms of research. It features a daily forex technical analysis of selected assets which is detailed with good explanations.

Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too. Despite of the fact that the trading Forex broker LimeFXis a young company, today it works successfully with traders around the world, provides quality service and one of the most favorable trading conditions. As to be expected with MT4 desktop, the offering is as comprehensive and empowering as ever to traders.

LimeFX Differentiators

Instead look for regulated and reputed brokers who can really help in growing your investments. Another factor in the success of LimeFX is the provision of quality service. LimeFX gained a reputation as one of the most respected companies in the world of Forex market.

LimeFX also charges withdrawal fees on some of the payment methods. If you withdraw through wire transfer the withdrawal fee is $30. Processing time also differs depending on the method you choose. PayPal may take 1 – 72 hours, electronic money using E-Wallets take 1 – 24 hours and Wire Transfer may take 1 – 10 business days.