LimeFX Review 2022 Is LimeFX a Scam or Legit Forex Broker?
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LimeFX offers 31 crypto choices in the crypto markets, including fiat-to-fiat and crypto-to-fiat trading pairs. The company provides services without a license and puts traders at a disadvantage. So, it is better to prefer another, more reliable broker. LimeFX is a legitimate company that has been featured in several well-known publications and has won awards for its offering. In this sense, though not a scam, LimeFX users may potentially be at greater risk should something go wrong. Moreover, the simple and clear interface provided, conveniently allows trading straight from a chart with just one click.
If you are successful in this venture, you can withdraw monthly payouts. It also provides the capability to track your profit via a back-office account whenever you prefer. You have a link provided to you by LimeFX that is unique to you alone.
Nevertheless, fraudsters cut off communications upon receiving your money. It is improbable to deliver a friendly interface without proper customer relations. Active customer support assists in determining more trust in the company. LimeFX clients can access very useful daily analysis on which to base their trading decisions.
In addition, quick trading tools allow you to lock in trading orders from the chart with a single click. The most significant advantage of using an Islamic account (also known as a Swap-free account) is that orders held overnight do not incur overnight financing fees. These accounts are password-protected, but you can strengthen them even more by using the two-factor authentication function. In our LimeFX review, we discuss the benefits and drawbacks. What LimeFX has to offer, and where LimeFX may be found. But most importantly, you’ll see the exact system many others have used to build their own internet marketing business to over $40,000 a month in mostly passive income.
Fact is those complaining about this broker don’t know how to trade
It is not regulated and is using cryptocurrency for account funding and withdrawals. Eagle FX has only minor geographical restrictions and is accepting USA traders. Experienced day traders and investors understand the importance of only trading with https://limefx.group/ a licensed and regulated Forex broker. You have many licensed brokers to compare and choose from online, so start by reading reviews of theBest Forex brokers. It’s times where the chart on my forex platform does not match other charts and prices.
You would not encounter any problems when you open a live account. Look for the “Open Live Account” tab on the bottom portion of the page or a link on the top right side. It will direct you to a web form wherein you will need to put your contact details like your name, email address, etc. You do not need to send documents for verification since there is no process involved for verifying. After providing the initial deposit, then you can begin trading. The MT4 platform is downloadable in Google Play or App Store, either on Android or iOS devices.
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The era of the internet has made people habitual of getting the benefits at the earliest. This sometimes leads people to ignore the harmful effect of the online world. There are so many online platforms that enable you to gain endless information and profits from them. One such platform to earn a higher yield is Forex trading. These brokers have a unique yet common way of finding their victims either through cold calling, creating fake websites, or a pop-up advertisement.
Companies providing online brokerage services without a license cannot provide their clients with any sort of protection. LimeFX offers only one standard account type for all its clients with a very low minimum deposit requirement of just $10, which makes trading readily available to all. Under this trading account, the minimum lot size is 0.01 and the maximum trade size is 1,000 lots. Islamic traders may also trade on LimeFX, since swap-free accounts are also available. LimeFX offers a free demo account to all its users with unlimited access.
With the app being available in more than twenty different languages, though an interface that is both visually appealing and easy to navigate, trading has never been easier or more accessible. LimeFX is a brokerage catering for the trading needs of those interested in trading in FX and CFD, including indices and cryptocurrencies. If you would be so kind as to reach out to our customer support, available 24/7 at with any details you could provide so we may attempt to have this fraudulent site removed.
If you are interested in seeing some popular trading apps, look here. The CFTC has warned American investors not you use this broker, Read more.For broker complaints or problems with withdrawals, read this. Digital real estate allows you to have passive income with most of your day being spent ENJOYING your money, NOT losing it.
Spreads
This means that LimeFX is not regulated by any authorities. Traders should be aware that unregulated companies typically do not offer much if any, client protection. In terms of the maximum account operating balance, the broker is ambiguous. It’s also worth noting that all deposits are stored in the vault before being moved to the trading section to collateralize the trading positions you’ve taken.
As soon as I funded my mt4 account, I started receiving a “Daily Confirmation” email, which is a statement of all the transactions made in my account. When I signed up, the phone verification was not automated so a representative had to give me call. Although not being phone verified did not affect my ability of trading right away.
There is also a chance to become a victim of Identity theft, experiencing many more problems consequently. Account creation is a fast and easy process which only entails the online registration and confirmation of a user’s email and phone number. Swap fees are also charged when users hold trades open overnight. Allscamreports can have advertising and affiliate relationships with some of the best and trusted recovery companies and may be compensated through them .
We actively trade, publish educational articles and news. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey. LimeFX are a reliable broker which I use for forex and 24/7 crypto. I have not had any issues with deposits and withdrawals, where I always use bitcoin.
- Don’t believe on them guys, they are just wiping your money.
- In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums.
- However, because it is a broker that in accordance with our research lacks any regulation, we would be quite sceptical if we were to trade with such a provider.
- All Scam Reports is committed to the fair handling of reviews and posts regardless of such relations.
This will tell you whether they are regulated by a central authority or if LimeFX is an offshore and/or unregulated entity. The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums. You ought to receive an instant reply to your query, if not fast.
The user experience when trading on clear and professional layout and structure of the LimeFX website is exceptional. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. Companies can ask for reviews via automatic invitations. On the other hand, I find in some currencies spread is higher than other brokers. For any questions, feel free to reach out to our 24/7 customer support channels and one of our specialists will assist you.
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The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. This scheme has the potential to earn lots of cash if you are at the top of the pyramid. If you sub-affiliates get other affiliates, and those will get others to sign in, it can go on and on. You can remain on top without doing anything, and your signees will do all the work.
Is LimeFX Legit?
I’ve wiped out my little retirement fund as well as my husband’s to try and get my funds. It has been almost 1 1/2 months since I should have received my funds. I’m now bankrupt and Mutuelbnunion is still demanding more more fees, that I don’t have.
The tier system reaches five levels of sub-affiliates underneath you, which means you can earn large commissions. Once a new signee clicks on your unique link, signs up, and begins to trade, you will earn four dollars. If you are wondering and may be worried about the standard of security that MT4 has within the LimeFX platform, you shouldn’t be. It abides by the highest degree wherein its servers are encrypted.
So I’ve been with LimeFX for a while but there has been some sketchy things going on recently. It froze for at least 30 minutes, I reached out to chat so they opened up a ticket for me. When it unfroze, everything limefx courses scam that happened during the time it froze wasn’t there anymore, as if it didn’t happen. I reach out to chat again to ask should I close my trade and get the credit back since it did hit TP at that time.
LimeFX Reviews
It is multi-level; the referrer can receive deductions from both affiliates and ordinary traders. Affiliates do not trade themselves but simply act as some kind of PR people, inviting new clients. The platform can be downloaded on a PC, installed as an app on mobile devices, or simply used by a Web Trader. All Scam Reports Team advise the user to avoid investing here, as we have found that this broker is suspicious, and operating without any legal license. Compiling together all the points mentioned in this LimeFX broker review, it can be concluded that LimeFX is a potential scam broker.
LimeFX is an online trading broker owned by LimeFX Ltd and located at 8 Copthall, Roseau Valley 00152, The Commonwealth of Dominica. The live spreads offered by LimeFX are variable, starting from 0.1 pips. The typical spread on the EUR/USD are 0.7 pips and on the NASDAQ 1.12 pips, which compare favourably with industry averages.