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I never had withdrawals issues and I am happy with the services. The broker has invested massive amounts of time and resources into creating a platform that benefits traders the most. The interface is easy to understand, and the technical analysis tools are extremely powerful, especially for new traders. LimeFX may guarantee a certain level of returns on their website or claim that clients can make a certain amount of money.
- This company does not appear to be regulated by any government authority at this time.
- LimeFX was flagged for any of the following problems and may have exhibited several of these issues.
- Overall, LimeFX is a legitimate online broker that is worth trading with.
- Many shady financial schemes will get a license that isn’t worth anything.
- As such, it’s the best choice for a lot of the traders that can access the broker’s services.
There is no way a reliable broker would make these guarantees, particularly with volatile assets like cryptocurrency. Any broker that offers guaranteed returns is simply not telling the truth. Broker Complaint Registry experts are skilled at tracking down crypto frauds on the blockchain. We will work with you to track down your funds and can help you file a complaint with the authorities.
It may seem expensive to trade but all worth it, happy with the profit that i am getting from my trades. We’ve detected a number of fake reviews for this company and we’ve removed them. Each broker had the opportunity to complete an in-depth data profile and provide executive time for an annual update meeting. All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas. There are several payment methods offered, from Credit Card, Wire Transfer, as well as several forms of e-payment.
· Analytical Tools at LimeFX
This is based on not only customer reviews but expert reviews, news from regulators, and the press. Someone may not have made enough money on trades and accuse the broker of being a fraud. We have found, however, enough credible complaints against LimeFX that it is easy to believe that they are not legitimate. As for outside protections, there’s the fund segregation that we mentioned earlier in our review.
- We will work with you to track down your funds and can help you file a complaint with the authorities.
- As we can see, LimeFX.com is as far away from that as possible, ensuring maximum clarity and functionality.
- My experience with Fiat visions is excellent, Key highlights is good customer service, ease of transactions and with-drawls are faster and on time.
- As for outside protections, there’s the fund segregation that we mentioned earlier in our review.
- Broker Complaint Registry experts are skilled at tracking down crypto frauds on the blockchain.
That’s in large part due to the fair pricing structure, which minimizes costs users need to pay. The broker follows up their lack of fees with tight spreads, making it so the costs are minuscule even there. LimeFX is a luxury brokerage that only started working recently and providing users with forex and CFD trading services. The firm runs from Saint Vincent and the Grenadines, an ever-popular spot for online brokerages. The broker has attracted a ton of attention since its opening, promising top-tier trading and security features. On top of that, many investors seem to be interested in the innovative tech solutions the broker employs.
For our 2022 Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period. Each broker was graded on 108 different variables and, in total, over 100,000 words of research were produced. The other possible problem with LimeFX is that it may have a license, but it may be offshore or third-tier. Many shady financial schemes will get a license that isn’t worth anything. They can just pay a fee and get a license, but there will be no oversight or inspections, and therefore, no protection for customers. It is never worth the risk to continue trading with a broker that you do not trust.
I just finished my work with the Fiat agent and all I can say is that I got great service. It was a difficult start, but the agent was able to help me get my money back. Overall, LimeFX is a legitimate online broker that is worth trading with. Even though the broker is not regulated by a top-tier regulator, LimeFX is considered a safe broker to trade with as it maintains all safety, AML, and KYC standards.
Cryptocurrency – The Next Scam?
Using their proprietary platform, you access American and European markets, allowing you to trade stocks and indices as well. LimeFX might have, like many shady brokers, have claimed falsely to have a license, displayed a counterfeit license, or may show a license, but it has been revoked. LimeFX might have felt confident that people would not look farther and examine their claims. We always recommend our clients check that a broker has a license before they open an account with them. However, just checking that the broker claims to have a license or even that there is an image of one is not enough to stay safe. Broker Complaint Registry’s mission is to assist victims of online scams.
Whether you like to trade fiat currencies or cryptocurrencies, stocks or indices, or even volatile commodities, there is something to trade on the platform. However, in order to get access to better service and lower spreads the minimum deposit goes up to $1,000,000. The Global financial markets are more accessible than one might think. LimeFX allows its clients to trade more than just currencies.
The company is also very straightforward and transparent with its execution policy. The broker serves more than 10,000+ happy active investors. LimeFX has been flagged for not complying with rules and regulations either in the area where they claim to be located or in the area where their clients are located. This is limefx scam a serious offense that can lead to legal action and even criminal proceedings. A broker who does not follow rules and regulations is unlikely to honor their clients. Those who do dig deeper and go to the regulator’s site may notice that LimeFX does not have a current license and there may even be warnings about them.
From our LimeFX review, you could’ve easily noticed that we’re entirely satisfied with the company. As such, we would like to implore you to try the broker for yourself; you might just find your new permanent trading hub. We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with LimeFX (LimeFX.com) broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away.
Our reviews are a combination of data research and working alongside the brokers. All information provided by the brokers are double-checked to guarantee 100% accuracy and that we remain unbiased. The offerings are more than sufficient to have something for everyone, and never miss a market opportunity.
LimeFX’ account setup allows the broker to tend to users that prefer different LimeFX levels. There are options both for lower and higher spenders, following a tiered, LimeFX-based system. As such, the broker takes some weight off of choosing your account, as you can always opt to upgrade. Also, the cumulative deposit structure allows for users to improve their account over time by funding their trading. When looking at broker security, we ask two questions; why should we trust the broker and how it protects users.
Often, the answer to the first is vastly more important, as the brokers themselves are bigger threats than hackers. In LimeFX’ case, the answer is fairly simple, as the broker does a lot to generate trust. In the opening of our LimeFX broker review, we mentioned the role its excellent website plays in ensuring trustworthiness. In the last part of our LimeFX review, we praised the company’s tech solutions, and analysis is a part of that. Namely, while the broker maintains intuitiveness as a core principle, it doesn’t lack in market analysis features. On the contrary, LimeFX does much better than competitor companies, ensuring their materials were practical.
Why the Financial Conduct Authority Is Warning About LimeFX (LimeFX.com) Broker
We’re also aware that this company has received regulatory attention. We take the integrity of our platform very seriously, and wanted to let you know this company hasn’t been playing by the rules. When we uncover misuse, we take action and alert our community. If additional suspicious reviews are discovered on this profile, we’ll remove those too.
Although much of the feedback on review sites is genuine much of it is created either to boost the reputation of a broker or to trash competitors. Some dodgy brokers hire people to write phony customer reviews. As always, the first thing we’ll discuss is the first thing we see, which is the broker’s website.
Leads may be provided to third-party vendors that offer compensation in return. We use dedicated people and clever technology to safeguard our platform. The broker offers CFD trading in scammed by limefx more than 1,500+ assets, with more being added constantly. The fee structure differs among various account types, and it is not very transparent in order to calculate costs easily.
- Security is a vital factor for any online brokerage that tries to operate for a prolonged period.
- The offerings are more than sufficient to have something for everyone, and never miss a market opportunity.
- In those cases, they’re a decent choice for everyone, but not anybody’s first pick.
- All information provided by the brokers are double-checked to guarantee 100% accuracy and that we remain unbiased.
- LimeFX might have, like many shady brokers, have claimed falsely to have a license, displayed a counterfeit license, or may show a license, but it has been revoked.
They tackle current market situations and offer up-to-date news and updates. Higher account types also unlock different features that can make market predictions simpler and more accurate. LimeFX is a CFD and Forex broker that was founded in 2021 and is headquartered in Mauritius. This Forex trading broker provides five different trading accounts and floating spreads, along with access to more than 1.500+ different financial assets. It takes working carefully investigating broker scams for years to sense whether the preponderance of reviews is reliable or not.
There is a very high degree of risk involved in trading securities. Also, you are required a higher minimum deposit to get access to lower spreads and better service. This contradicts the statement for supporting new traders to gain access to the market easily. If you see any of the above with LimeFX close your account, request a withdrawal, and be finished with them.
Beginners Account
At LimeFX, all possible measures are taken to ensure that client funds and data remain secure. LimeFX can offer its services to everyone, except residents of the U.S, Iraq, and North Korea. Keep in mind though that, You are responsible for ensuring that all services and activities of LimeFX.com are authorized in your jurisdiction. LimeFX is a new broker in the market and still doesn’t hold any major license from top-tier regulators like the FCA, ASIC, or CySEC. However, its operation is monitored by the FSC, and the broker is obligated to follow all standard AML and KYC policies of Mauritius. I’ve received good service through my agent, he has been friendly and informative.
Simply put, less of your money goes to the broker, and more goes directly into your trading portfolio. As we said throughout our LimeFX review, the broker manages to provide top-tier trading conditions. It does that by employing modern technology and ensuring their experience was favorable towards users. The end result is a brokerage where it’s much simpler to succeed than with competitors.
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry. It has so many useful features making trading easier for me. They did well in what they do and works efficiently than any other broker I have dealt with.
We also ensure all reviews are published without moderation. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. My contact with this company has been excellent, https://limefx.group/ the lady on the phone help me with my refund was very professional and helpful. Even after I received my refund, the lady call to check all was fine. My account manager is extremely professional and so far my experience has been good.
For example, the broker exclusively works with top-tier banking institutions and employs fund segregation. That means your money has multiple layers of protection over it, both from the broker and banks. It’s also telling that the broker ensured that user funds go unharmed even if the company goes under. Along with the firm’s clear terms and conditions and overall user-focused services, LimeFX’ integrity is apparent.
As we said multiple times in our LimeFX broker review, the platform the firm developed is quite sophisticated. It allows for near-instant execution speeds and high-complexity analytics while remaining entirely intuitive. That will enable users to transition quickly and get going on their trader journey. Beginners won’t feel lost, and veterans will be able to recognize the strength of the software the firm crafted. The platform is available in web and mobile forms, maximizing convenience and user mobility.