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This, in and of itself, provides traders with some level of security for their funds. The broker has three types of accounts and the minimum deposit for Standart account is only $100. You must understand https://limefx.name/ that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.
Provided by LimeFx, and each has its own set of features and benefits. When you sign up with LimeFx, you can choose which account is suitable for you based on your requirements and funds. LimeFx offers two popular platforms, MetaTrader 4 and MetaTrader 5. Is the broker legit or regulated by my state regulator? Questions you should ask about your LimeFx.
Also, confirmation of the phone number and payment method may be required. So, the broker may ask you to take a picture of a bank card or get a bank statement. Globale Invest review – Should traders trust this brand? Introduction The uncertainty surrounding assets like stocks, crypto, currencies, etc…. The main difference is in the funds necessary to start and services provided by the company.
LimeFx provides further free educational resources in the form of webinars. Webinars are scheduled upfront, and existing customers can register to attend. The webinars include technical analysis, price action analysis, stock market trading, and valuable trading tutorials. Basically, this is an online trading brokerage with entities in Cyprus, Seychelles, and Mauritius. LimeFx broker looks completely legit, with a solid website and a decent minimum deposit requirement.
LimeFx Withdrawal Methods – How To Withdraw Money?
Additionally, broker offers a Demo account as well, where clients can test the platform and check the offer of assets. Having offshore regulations is not much of a security as there’s no compensation fund. Also, since the company was under the FCA investigation for the EverFX brand, changing the name does not guarantee you won’t be scammed as EverFX clients were. My first step was going through all webinars, I learnt how trading signals worked.
Easy to execute Buy/Sell position and they have access to all securities from Stocks to Forex. My account managers Mr Francis and Mr Ali were really great at guiding me who happens to be the stubborn side of a trader’s attitude. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. LimeFx demands at least EUR 100, which is in line with the industry standards. Finally, if you have been scammed by LimeFx or a similar broker, let us know. Moreover, Global Fraud Protection recently received numerous complaints from LimeFx scam victims and helped them file a dispute and request a chargeback.
All You Should Know About LimeFx
ForexFraud.com is an affiliate partner with various brokers and may be compensated for referred Traders. All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering limefx broker reviews communication between brokers and our visitors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
- Withdraws usually hit my bank account in a couple days.
- While these islands have regulators, the FSA and FSC only offer limited protection.
- LimeFx offers news resources via an informative blog.
- It would be nice to have an account that is much more tailored to your needs.
- According to the broker’s website, clients have over 5,000 assets at their disposal.
Naturally, tax avoidance plays an important role. It is unclear only why LimeFx does not consider himself to be such. LimeFx reflects its commitment to Corporate Social Responsibility and the environment through carbon-neutral sports partnerships.
To obtain access to a Demo account, you must speak with broker employees. They will almost certainly try to persuade you to invest instead, which is never a good idea. While bonuses are illegal in the EU and other countries, LimeFx provides them. We’re not sure if it’s only for an offshore entity or both, but you should be wary of any incentives because they never come for free.
Safest Forex Brokers 2023
Furthermore, withdrawals are processed via the same method of deposit to comply with AML policies. Any promotions, reviews, and other information in the website are just for the information purpose only. Robert is an experienced financial analyst based in California.
It provides all the necessary tools for you to achieve the desired results. I recently started trading with LimeFx and overall I’m pretty satisfied with their services. However, I was a bit concerned to learn that they only have a single offshore regulatory license from the FSA.
Of course, no one wants to return the money to me. Despite the fact that it has a license from the FSA, this document can only be a guarantee for citizens of this offshore state. First, of course, offshore registration alerted us. Brokers are registered in Seychelles and other islands due to the lowered level of control over their work.
Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences. We have been collecting this money for more than 5 years. One of my acquaintances advised me of this fraudulent company. Watch the most common forex scam videos and how to avoid them starting right now.
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I did not find anything that I had a problem with. I have decided to test everything on myself in order to understand why LimeFx has such good reviews and I should trade with them. The usual closing of a position is not just less than a second, it’s almost instantaneous.
MetaTrader 5 – MT5 Platform
Trading terms differ depending on whether you are registered with a CySEC-regulated branch of the company or an offshore branch. With the offshore entity, the leverage is significantly higher, making your trading risky. LimeFx is a Forex and CFD trading platform based in Cyprus and regulated by CySEC. Furthermore, the firm has two offshore entities that are regulated and registered in the Seychelles and Mauritius.
Τrade CFDs on some of the world’s most popular platforms. Ethereum is a centralized decentralized crypto with offices in Zurich. Open your LimeFx account & step into the trading world in just a few clicks.
Some brokers align with this sentiment and offer services that appeal to ESG investors. However, it would help if you did proper research to find a broker who upholds its promises. Residents of the United Kingdom.CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The broker offers standard CFD trading on MT4 and MT5 platforms.
