LimeFX, Anyone Using This Broker?

How can clients know ahead of time that the broker will simply take off with their money one day? The truth is, there are often plenty of red flags that indicate ahead of time that the broker may not be honest. Not only do they have a fully mobile optimised website, but they also offer an app for iOS and Android for both of their trading platforms. LimeFX offers a basic range of accounts, unlike some brokers, which will have various levels depending on the deposits. The accounts offered are the Demo account and the Real account. There is also a Pro version for the more discerning trader.

Licensed and regulated in Cyprus by CySEC, one of the world’s most recognisable licensing bodies, the site is secure and your funds are safe. We want to help our readers in any way we can, but sometimes it’s better to talk directly with your investing limefx reviews site to get the answers you need. For example if you have a specific query about your account you’ll need to contact them in person due to security. When you arrive on the LimeFX home page and scroll down, a beginner’s learning course is available.

There are many kinds of scammers operating in the forex industry. Shady forex brokers tend to attract new users to their websites through promotional offers and ads. They focus on attracting inexperienced traders so they can deceive them easily. In general, the review from traders shows that LimeFX offers good trading conditions and high reliability.

• On mobile, as well as MT4, the broker offers the LimeFX platform.
• Licensed and regulated in Cyprus by CySEC, one of the world’s most recognisable licensing bodies, the site is secure and your funds are safe.
• You can practice using analysis and strategies on a demo account.

LimeFX provides service to more than 2 million traders at present. These traders are located all around the world in more than 30 countries. When it comes to availability, the broker offers services to almost every country.

Conclusion Of The Review On LimeFX

LimeFX offer ‘stop loss’ and ‘take profit’ options and give you lessons on the site on how to use them. When you open your trade, select ‘stop loss’ / ‘take profit’ and enter the amount of loss that you want. When the trade reaches this point, it will automatically close. Manage your trades when you can’t be online by using a combination of stop loss and take profit. Gripeo is the leading social platform for consumers to share their experiences with businesses and other people. We thrive for helping the marketplace become less ambiguous and more transparent.

Sure there is a range of basic lessons more catered toward a brand new trader learning forex. Beyond that, however, there is nothing to facilitate continued learning. The educational videos which are provided are also very short in nature.

Fxclub License And Regulation

However, I won’t say that FXClub is a scam as the parent company behind this broker is quite reputed and runs multiple brokers that hold proper licenses. FXClub is a part of the Forex Club group which has multiple subsidiaries. This specific branch (fxclub.org) concentrates on users based in ex-Soviet states. FXClub is an unusual broker with a very obsolete website. I don’t know if they have kept their website obsolete deliberately or didn’t care for their clients.

The most common type of such feedback is when an inexperienced trader lost his deposit while trading and blames the broker for it. Although, in most cases, traders themselves are to blame. Overall, in LimeFX, we have a forex broker who has been in the industry of online trading since the beginning. More than that though in terms of regular analysis and tools to investigate the market further is not made available. On mobile, as well as MT4, the broker offers the LimeFX platform.

Real Account

There may be a message saying that the site is down due to technical problems. The parent company of FXClub is a reputed organization so it wouldn’t be okay to say that FXClub is a scam. The offered spreads with this broker are 0.8 to 0.9 pips which are quite competitive. I didn’t expect to see such good spreads with such a broker. FXClub is an unlicensed and suspicious broker who provides contradictory info. There is no commission on this account, but there are spreads from 0.6 pips.

The language of this website is in Russian and you can switch it to English only through Google Translate. Their website (fxclub.org) will bring you back to the 2000’s when websites were simple and weren’t as interactive or dynamic as modern ones are. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A significant drawback of the broker is the high fees for depositing and withdrawing funds. The platform offers modern integrated solutions for technical analysis and transactions.

It’ll never surprise us to see these tools with more and more trading platforms but at the moment we seldom witness a comprehensive range offered by a single platform. Many of our clients who have been cheated note that when they asked for information, the broker was evasive. If LimeFX asks for fees for withdrawals, deposit, and leaving an account inactive, check that these fees are in line with the industry. If LimeFX asks for a withdrawal tax, this is a sure sign of fraud.

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I now earn a living working online after discovering a legitimate method called affiliate marketing & I aim to share what I’ve learned to help others to do the same. You can report a scam here or you can see the legitimate methods for earning online here. The next point which becomes clear after registering is the fact there are no spreads. This is almost unheard of in the industry, and can place you with a good opportunity if you prefer commission-only trading. Top Forex educational services who all have competitive pricing to help you progress.

This is pretty much in line with other top forex brokers. When you open a LimeFX demo account, you receive virtual funds of $50,000. The demo platform is available for both desktop and mobile traders so you can try on the go. Opening a demo account is the same as opening a live version, and it is easy to switch between the two at any point during your trading. In addition to the LimeFX platform, another proprietary trading platform Rumus is available for clients from the CIS countries. You first need to open a trading account with the appropriate name to trade on this platform.

There are many options that are far better than FXClub, you should go with them and avoid this broker. Another subsidiary of the Forex Club is LimeFX (LimeFX.com), Price action trading which is regulated by CySEC. LimeFX International Company Limited has no reliable regulation, but only membership in the Financial Commission.

Since writing this LimeFX review it has come to our attention that there have been several reports published online with people claiming to have been scammed by LimeFX. Now we cannot verify whether these reports are true or not, however it is clearly quite alarming all the same. I fell victim to an online scam many years ago & I launched this website, as a result, to protect others from making the same mistake.

Winged Review

LimeFX International Company Limited provides services in Latin America, almost all EEU and CIS countries and China. The company is based in Saint Vincent and the Grenadines and has a membership in the Financial Commission. We are convinced that LimeFX website still needs a lot of work to be done in terms of more specific information and explanation of the trading conditions. We’ll also love to see the website become simpler because, at the moment, the platform is fairly complex for the beginners. It has to be said that in terms of education and research, both are fairly light with LimeFX.

Many more experienced traders often like to deal with low spreads and commission-only, so this could be a positive point in that regard. LimeFX live account and all the options it offers, this too is a relatively easy progression. In order forex brokers to comply with regulatory procedure for CySEC, you will have to provide some more personal information and process both your ID and proof of residency documents. These can be quickly uploaded and verified within moments by the system.

The disadvantages of the Rumus platform are its rather complex interface and limited selection of assets. According to the website, the LimeFX requires from 3 business days to 5 business days to conclude the wire transfer. Withdrawal via Credit/Debit cards requires just one business day and same applies to Neteller and Skrill, a couple of eWallets facilitated by the platform. 1 currency unit is the fee the withdrawal via Credit/Debit card. For wire transfer, the fee is 0.5% of the withdrawal amount (max. 10 Currency Units).

Several people have complained that they either received requests to pay exorbitant taxes/fees, are unresponsive to withdrawal requests, or simply refuse withdrawals outright. Report LimeFX if you are also experiencing any issue with LimeFX withdrawals. The minimum deposit requirement is just $10; however, it is better to deposit $100 as can only trade a maximum of 10% of your available balance. Unlike many CFD brokers, there is no live chat pop up box with live chat assistants. Instead, you will find that the customer support team are swift to respond by email.

Thank you for visiting our LimeFX Review We hope this information is helpful to you about possible issues with fraud brokers. Shane’s contributions to the site have proven incredibly popular, and he’s been with us since 2014. Having a background as a Money Manager for five different brokers, three of them household names, it’s clear that Shane has the substance to back up the knowledge he shares.

For those novice traders that are looking for a site to help them get established with CFD trading, LimeFX is a reliable choice. With a low minimum deposit requirement, useful educational tools and a demo account, there is much for the new trader to help them with their CFD journey. The customer support is excellent, the site is secure, and you will find everything you need to get the most out of the experience.