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The latest LimeFX review suggests that the company operates illegally and without a proper financial regulatory license. This broker review will give you our expert opinion about LimeFX. Not only do we inform visitors of whether a broker is a fraud or not but we outline the pros and cons of trading with them.
LimeFX’s total instructional value is among the most valuable assets it provides to customers, and it distinguishes them from its competitors. The platform doesn’t conduct its own research and instead relies on FXStreet for market comments and a financial forecast. Users may follow indicators in the Trader Room via Trading Central. LimeFX’s overall analysis skills continue to compete, and it provides manual traders with a solid variety of equipment. The Share4you copy trading system is a unique feature at LimeFX.
It allows traders to follow more than 1,000 strategy providers, labeled Share4you Leaders. LimeFX claims that over 70% of all copied trades are profitable, which would make it one scammed by limefx of the most successful copy trading services available. Since there are no restrictions from LimeFX regarding strategies, Share4you Leaders may use automated trading solutions.
LimeFX offers trading in 40+ currency pairs, four commodities, 50+ equities and 15 indices, which is a sufficient asset list, particularly for new traders. However, the Forex broker does not have a compulsory FCA license to do this. The Forex broker is licensed by the VFSC, but this is not enough to offer financial services or products in the UK or Europe.
This order is used by the trader to automatically close the trade when the position has moved in the trader’s favor up to a certain level. This order is executed by filling a suitable price in the ‘Take Profit’ tab during order execution , or by using the Limit Order tab or using the other end of an OCO order. Traders must provide their name, e-mail, phone number, and a desired password.
So, if you want such type of account, you can directly contact with LimeFX support. There is another type of account similar to this type having almost half limefx company reviews execution time called Classic NDD accounts. There is another type of account similar to this type having almost half execution time called Cent NDD accounts.
The broker is not regulated by any known and established authorized regulating authority. When you want to withdraw your money, the broker does not allow you to do so. The broker’s website is a clone of another legitimate broker’s website. Using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance.
The overall cost structure is even more competitive with the 50% cashback program, which is available to non-partner clients. This market maker does offer NDD and STP execution models. LimeFX is an international brokerage firm with a strong presence in Asia, where it has hosted a number of seminars. Including sources from DowJones, FXStreet, Autochartist, and Trading Central, the analysis instruments give traders an additional competitive edge. Traders have the option of using either the Meta Trader 4 or the exclusive LimeFX trading platforms.
1) As soon as the account was opened, a company representative called me to explain the things and was just a message away! For your every enquiry we’ve provided a detailed answer which included server logs and link to our trading conditions. We’ve also provided solution as how to close orders by using Close by or Multiple close by functions. We don’t recommend to trade with them and if you are trading with LimeFX contact them immediately and try to get your fund out.
Inactivity fees are normal, but if they are close to $100 for just a month or six weeks without trading, that is often suspect. We have done a thorough investigation of LimeFX and want to share our findings with you. We have developed our research methods through years of working closely with regulators, banks, and government organizations connected with the financial industry. Our methods have kept thousands of people safe from broker scams. Therefore, our review of LimeFX is a useful tool in making sound financial decisions. One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’.
It is crucial to read the broker review before trading with the broker. E-Global Trade & Finance Group Inc. owns LimeFX, which became operational in 2007. Users have created more than two million trading accounts in the last 13 years, according to the company’s published records. The %100 deposit bonus, as well as Share4you, the company’s patented social trading technique, are the foundations of its popularity. LimeFX obtains market analysis and analysis via FXStreet and Trading Central, and newbie traders have exposure to an outstanding teaching system. Interactive-Brokers, Sucden Financial, LimeFX, LMAX are its key liquidity providers.
LimeFX derives most of its revenues from spreads and commissions. Both the Cent Account and the Classic Account feature a commission-free minimum mark-up of 2.0 pips. The Cent NDD and Pro STP accounts grant traders access to 0.1 pips for a commission of $0.10 per micro lot and $8.00 per standard lot, respectively. The former two are fixed-spread accounts, while the latter two are floating-spread alternatives. This broker waives deposit fees, though external fees for withdrawals set by the payment processor may apply. A monthly $10 inactivity fee applies after twelve months of dormancy; most competitors charge an inactivity fee far sooner.
When it comes to legitimate brokers and their commissions, fees, and spreads, every potential client has to ask themselves what they are comfortable with. The second https://limefx.vip/ crucial category for inspecting a broker are fees, commissions, and spreads. ” and that can guide you towards figuring out whether a broker is legitimate or a scam.
Although there are many reviews on the internet, not all are accurate. There are many websites that specialize in reviewing forex brokers. You can also find a lot discussion on brokers on forums, social media channels, and groups.
LimeFX is a real trickster who can even circle an experienced trader’s finger. Remember that negative reviews indicate a large number of scams from this broker. Many newcomers have suffered from this dubious organization. These novice investors are unlikely to ever return to the forex market. LimeFX recaptured from them any manifestation of confidence in this field of activity. Obviously, LimeFX did not do any of the above, and can not even be regarded as a broker, but just a scam in the foreign exchange market.
Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
Based on this user feedback, it appears that LimeFX is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform. The independent auditor is KPMG, a Big Four accountancy company, and the platform offers yearly reports and data on its progress. These reports can be downloaded in PDF format from their webpage. LimeFX is a reputable brokerage firm that goes to great lengths to provide a safe, dependable, and technologically sophisticated marketplace for its users. The shown growth demonstrates the effectiveness of its strategy.
