I had a open position when trying to close it frozed for about 20 minutes, 30 minutes past of Non-Farm still not able to open a single trade! I am new to Forex and I read many negative/positive feedbacks, I have opened a demo account with LimeFX and it’s running ok so far. Actually I don’t trust any bad feedback without proofs. It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBrokerReport.com has some data verified, it can vary from time to time.

LimeFX is it a scam

The authority’s compensation schemes save traders from frauds. Traders can rely on the policies of the regulating bodies. On the contrary to this, the unavailability of the services in the strongly governed regions should serve as a warning to the investors. The benefits of LimeFX stretch from your first investment to your thousandth. Yes, you can teach yourself using numerous trading tools and platforms. LimeFX gives you access to several markets, but it also educates you.

All Is Very Good With LimeFX

We checked LimeFX licenses and regulationsto see if LimeFX scam or safe. We comparedLimeFX fees like spread & commission from its live account to over 150 brokers, the time for deposit & withdrawal and many more findings all in this review. Good broker so far since i had been their customer for the past two years as of now, just trade for fun and the account size is average.

For the choice of account type, LimeFX offers four types of accounts with different conditions. This broker performance is satisfactory as they also allow trading during news release where MT4 is best to make good trades. Moreover the profit withdraw is processed conveniently. Easy access to forex markets with a very reasonable amount to start up your trading desk. I found out that the educational material provided by them was really helpful. I had also successfully withdrew $250 from this broker and my initial capital was $450.

Help future customers by talking about customer service, price, delivery, returns & refunds. Usually LimeFX only takes several hours to process my withdrawal via Skrill. Are their staff in the finance department all on leave? I got the money yes, but this was a scary experience. I’ll update again of any delay in withdrawal next time.

Traders can trade the LimeFX in 24/5 through this broker. Therefore, the commission charged 1 USD per lot in LimeFX trading. The types of accounts in this broker may suit all levels of traders. I participated in this site and I won a cell phone for $ 8.00. So, I gave them my credit card to pay for this purchase.

Get The Latest Trading Updates

LimeFX was established in 2010 as a MetaTrader broker. Their traders have free access to more than 150 securities, though with some restrictions. For instance, the crypto CFDs are only traded on weekdays. The physical address of the broker is important in finding out the regional laws and regulatory authorities. It looks like LimeFX is operating from a virtual location. Their physical address is a replication of the addresses of other broker firms.

No Need To Download Mt4 Onto Your Desktop Or Mobile Device. If you have lost money with Hot Forex Trade, don’t panic. You are not the first and you likely won’t be the last. EROTF Mistakes can happen even with the most cautious of investors, and should be used as a learning opportunity. It is never a good idea to work with an unregulated broker.

  • This process is very important to the company because of the regulatory authorities.
  • As an international broker, LimeFX has good customer support compared to the industry average.
  • The limit on deposits and the high time required in the reflection of funds is not ideal for traders.
  • Accounts are with different pricing models and trading platform, offering same trading capabilities.
  • Note that the swap can be positive in forex trading because of the interest rates.

LimeFX keeps clients funds into the bank account, which is separate from the brokers day to day activity. Therefore, clients’ funds are off the balance sheet, and LimeFX cannot use these to pay back creditors in any uncertain condition. If LimeFX suddenly reveals there are fees for withdrawals when this wasn’t written anywhere on the website or in the contract, you can be suspicious of them.

How To Read Forex Charts

The lower-grade regulator does not provide much scrutiny concerning those they license and do not engage in oversight or deal with consumer complaints efficiently. Therefore, it can be almost as bad as working with a broker with no license. Look at LimeFX’s license and ensure it is up-to-date and from a reliable regulator. If you have any questions about which regulators are the most trustworthy, consult with our experts.

Please be aware that this might heavily reduce the functionality and appearance of our site. This profoundly regulated Forex Broker LimeFX goes far to guarantee customers of its unwavering quality and wellbeing. It offers a choice of best-in-class exchanging stages over different gadgets.

LimeFX is it a scam

Firstly you should look at the regulatory body that regulates that broker. You cannot choose a broker who does not abide by any of the regulatory policies. Choosing a regulated broker will give you more credibility and trust that you are dealing with an honest business brokerage company or firm. If it is not regulated, then you should research other aspects too.

Firewoodfx Broker Review

If you have lost money with LimeFX consult with our experts and we can do a full investigation and can help you put together a claim that will make it easier to retrieve your funds. Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons. LimeFX has four account typesfor EU and UK clients and six for international proposal.

With a minimum lot of 0.01 which is basically the standard size in the market, you don’t have to risk more money and it’s a good thing that LimeFX was able to keep up with this. You can place a minimum of $5 on your account to be able to trade with this broker. If you have a small capital to use for trading then this is a great benefit for you.

Cfd Scams

Please I need a solution to this problems because I have been facing alot using this platform called hot Forex.

By using the leverage the trader is borrowing money from the broker. If a position is held overnight, there can be overnight fees that occur. The fee is depending on the leverage, trading product, and currency. Note that the swap can be positive in forex trading because of the interest rates. As soon as the account was opened and he had deposited the fund for a premium account using a VISA card. His funds were credited live on the account within a few minutes.

How is it possible to keep on top of all the changes and find out more about the latest newcomers to the world of CFD trading? Reviews are a great place to start as you will be able to find out the latest broker bonuses, trading conditions, possible trading instruments, spreads, leverage and so much more. When writing our reviews we spend some time researching what everyone else is saying but also get a real feel for the broker ourselves. Today we’ve decided to focus our attention on LimeFX, a relative newcomer to the world of online trading. On the surface, it looks to be a very reputable and caring provider.

Account Types

For the safety of funds, LimeFX has received an award in the category of Security fund client. For that purpose, LimeFX provides useful tools to attract clients either with banners, landing pages, websites, LimeFX Review: Is This a Scam or Good Forex Broker and more. Affiliate program LimeFX offers a commission of up to $650 CPA for each introduced and qualified client. For android version using MT4 platform with compatible with android 4.0 or higher.

” shows that it belongs to Griffith Corporate Centre which provides virtual office services. Credit cards , Wire Transfers, WebMoney, Skrill, stock exchange Neteller and UnionPay. With these wide choice of banking options, I am giving them a Deposit and Withdrawal Methods score of 5/5.

Certain market conditions, as the provider mentions, may make it difficult or impossible to execute the order at the stipulated price. You will be responsible for any possible losses that may be incurred thereof unless due to the company`s negligence (cl. 24.2, b-d). You can subsequently reactivate this account by sending a request to the support service, but the decision shall be taken at broker`s discretion (cl. 15.6).

Report A Scam And File A Chargeback Against LimeFX

He recommends using wire transfer for more significant amounts of deposit. One lovely fact about a wire transfer is that it will pay the transfer fee for any transaction done via wire transfer. This option can be used when the fund to be deposited is above $250. These brokers are quite popular in Indian communities, probably because they don’t trade a lot of money. As a somewhat experienced trader I would advice my fellow traders to avoid LimeFX and go for more trustworthy and regulated brokers. Thus, in any case, the minimum standard withdrawal amount cannot go less than $50.