LimeFX Review Is it a Scam or Legit Broker

At Broker complaint Alert it’s our job to provide you detailed LimeFX review and make sure you can fight back and get your money refunded. By filling out the form you have taken the first step to recover your money. Using the title ‘A Company with Innovation Philosophy’ LimeFX has been working and gaining trust among the traders since 2007 under the mother company E-Global Trade & Finance Group.

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.

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.

Trading Conditions

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.

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 of the most successful copy trading services available. Since there are no restrictions from LimeFX regarding strategies, Share4you Leaders may use automated trading solutions.

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 Minimum Deposit :

We do not recommend trading with LimeFX as this broker was suspected of being a scam. In general, the FCA advises UK investors not to invest with this broker. | Brokersoption Review | Don’t send any more money to Brokersoption before reading this Brokersoption Review.

You can find more information about them on the LimeFX official website. Comparebrokers.co needs to review the security of your connection before proceeding. In order to allow us to keep developing Myfxbook, please whitelist the site in your ad blocker settings. If you still have some open questions regarding our execution or require any additional information please feel free to contact us at any time observing mutual courtesy. Once more we would like to point out that LimeFX core values are transparent and honest execution and we always provide execution details in full – tick history and execution logs. According to the above logs you can see that your orders were in fact triggered since the price became available, however, were further rejected within just a seconds time.

LimeFX requires you to deposit $1 in order to open a Dealing Desk Account. This is quite reasonable considering the looser regulations. Slippage management and info from the liquidity pool are noteworthy aspects.

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.

LimeFX offers the MetaTrader 4 foreign exchange trading top platform. LimeFX.com offers over 35 currency pairs, gold, silver, cfds, bitcoin and other cryptocurrencies for your personal LimeFX and trading options. Many proprietary platforms of high-quality brokers can provide a great trading experience.

What leverage is available at LimeFX?

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.

Use this review to guide your trading decisions and do your own due diligence on LimeFX as well. One reason not to trust an unregulated broker is there is no reason not to have a license. Third and fourth-tier off-shore regulators have very lax standards and do not demand much capitalization from licensees. Simply put, even a mediocre broker can get a license from somewhere, so not having any license is a bad sign. At Scam Report Consensus it’s our job to provide you detailed LimeFX review and make sure you can fight back and get your money refunded.

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.

• Furthermore, you can also work as their agent with a handsome income.
• Do not sign up with a broker until you are certain this type of trust is warranted.
• LimeFX offers a lot of opportunities for retail traders, including Forex, CFD and crypto trading.
• Nevertheless, the company is suspected to be a scam and hence, we believe that it is not legit.
• If you become the victim of the LimeFX scam, you can contact us and our experts will do the needful.

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 scammers 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.

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.

More info about trading scams:

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.

• The broker is not regulated by any known and established authorized regulating authority.
• The most basic and common bonus is 25% deposit bonus program which allow you to get back 5% to 25% bonus from your deposited amount.
• Many proprietary platforms of high-quality brokers can provide a great trading experience.
• In summary, regardless of the trading conditions provided by LimeFX, we do not recommend that you trade with it, because it is not regulated and may be a scam.

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 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.

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.

Im IB of LimeFX but IB commission is worst compare with other broker, because LimeFX required condition for credit commission. Some currency morethan 10 pips difference only credited commission. Scammers, they will do their best to frustrate clients,once you make https://limefx.name/ a deposit you won’t be able to withdraw your money. LimeFX gives you the opportunity to multiply your income by becoming a leader in the Share4you social trading network. You set the amount of commission per copied lot from $2, $4, $6 or $8 per standard lot.

Test customer service when you are investigating a broker, but keep in mind that even scam brokers can seem friendly and helpful at first and can show their true colors later on. This factor, however, requires close attention because it is often the area where people can be taken in by broker scams. Read the terms and conditions carefully and file a complaint if the broker suddenly slaps on fees that were not outlined ahead of time. Along with your FX trading, you can also participate in the partnership program of LimeFX. So, after a certain time, you can earn self-generating affiliate revenues from this broker.