Is LimeFX a Scam? Read This Brutally Honest Review

All of which means that LimeFX could be an excellent option for anyone with an interest in online trading. We should also note that LimeFX has created excellent mobile trading apps. These are available for iOS and Android devices and they are packed full of integrated market signals to help you stay in control of your LimeFXs.

LimeFX scam

On the negative side proposal vary according to the entity, and higher deposit might suit more advanced traders. 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.

I’ve only been at LimeFX for a short…

You are scamming or you are working with some other brokerage company. Their office is really big and what they offer is very good. The latest LimeFX review suggests that the company operates illegally and without a proper financial regulatory license.

If you already have a Swiss bank account, the verification process is even easier. You simply need to send an email to your Account Manager with a copy of your ID, a recent 4×4 photo and a service receipt that is no longer than three months old. To open an account with this Swiss broker you must follow no more than three steps. The three requirements are simply to accept the broker’s conditions, establish your identity, and then transfer funds to your new Forex trading account. Since their emergence, cryptomonies have increased in value over the years.

  • All the money management and transactions are done via your online account area once you open an account with LimeFX.
  • Depending on the activity carried out through this broker, one or the other fee will correspond.
  • Should there be any further delay in receiving the transfer, please don’t hesitate to let us know and we will gladly assist you further.
  • A secure HTTPS connection encrypts all data sent between you and the remote website.
  • may be compensated if consumers choose to click links in our content and ultimately sign up for mentioned products.

Binary options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page. At first, I didn’t invest much, I was just hoping to get some extra pocket money, but with time I realized how math and patterns can actually be of great help in this line of work. I have been following the situation with swiss brokers and I dont think Dukas will make it to the banking licence. I am more confident in the more established ones like MIG and ACM. LimeFX will end up like Crown Forex seeing how they are not up to speed with the banking requirements such as required number of chairmenan and paid up capital.

LimeFX Fees, Commissions, Spreads

Spread is not low on dukas and far away to be good, I pay with my broker between 3 pips to 10 pipsfor almost 20 pairs. Playing on DEMO account with decent connection, low latency, and mid-range computer – one has to refresh the chart whenever new bar prints – support cannot pinpoint why is that happening. One big issue for me – My trading strategy relies heavily on volume.

Our LimeFX review has shown that this is an online trading site that can be trusted. It features a wide range of regulation in Europe and it has the sheer size necessary for you to feel confident about making your trades here. You’ll be able to keep up with the latest news from LimeFX courtesy of its social media channels on Twitter and Facebook. Plus, there’s a wealth of tutorial guides on the trading site along with some cool community areas on the MT4 and JForex trading platforms.

  • However, I didn’t receive any rebates for May because I stopped trading but this is good news.
  • JForex Trader’s charting is powerful, with various adjustable settings and notifications that can be added quickly from the same panel.
  • Clearly, it’s a common problem, that’s been there for years.
  • A very good broker that guarantees us that it is not a scam thanks to its license in Switzerland.
  • What’s best is that you can even do this with historical or real-time data to get a feel for when your strategies are working or need improving.

Some scam brokers restrict clients to their own platform which may not be a platform at all, but fake. Keep in mind that proprietary platforms are only as good as the brokers that develop them. Many proprietary platforms from high-quality brokers can provide an excellent trading experience. The source of this information is the website and the broker’s trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

Such brokers are only required to provide easy access to trading instruments, but nothing more. The problem with unregulated brokers is that they are untrustworthy and violate the rules. True, the platform plays sometimes stupid tricks, especially while scalping with small lots (smaller than 0.25 million). We’ve made money and we’ve lost some, but it wasn’t the fault of LimeFX. The platform is quite complex and it takes a lot of time to learn how to navigate through it. The news service is shitty, although somewhat improved recently, but you have Bloomberg, Reuters and DJ services.

Purchases through our website can generate an affiliate commission. This does not affect our impartial and independent review process. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Great regulation, it’s showing that they are a real deal, not like other brokers who have put you under weak regulation and gave you very high leverage to make you lose.

In addition, the fact of obtaining the license implies that FINMA supervises the behavior of the entity, to promote the safety of its customers. On the platform, which uses the JForex software, you can develop your own apps, to carry out automatic trading. Throughout this review, you will see that here you can investing in CFDs online and in binary options.

Is LimeFX safe?

If you want to deposit less money, you can do this at its subsidiary in Riga. There is no danger of fraud because in the last case it is protected by the head of the group based in Genoa. The difference will be the amount of money you want to deposit and the leverage you want to assume when you carry out your operations. The broker has bonuses on offer regularly and in fact it is not necessary to be a new client to get it, because it is enough to make a deposit.

LimeFX is a Switzerland-based bank and online broker platform that has been in existence since 2004. It has now become a multinational brand with offices everywhere from Japan to Latvia. The brand allows you to trade in forex markets, binary options and contracts for difference . I have to admit that the entire website is kind of hard to navigate but this is mostly due to the huge amount of information available.

  • The only possible restriction will be tied to the available liquidity held by LimeFX at the time of extraction.
  • Besides that, the Dukascoin funding facility creates a unique possibility to simultaneously earn on the fixed high return of Dukascoin deposit programs.
  • We’ll be providing you with a wealth of information about how you can make deposits in our LimeFX review so that you can quickly see how much you are allowed to add funds to your account with.
  • Further account options include the multi-currency account and there is also the option to open a live account in gold.

Essentially, the JForex Trader application from LimeFX is at the top in the business, pushing LimeFX back to the top of the summit for mobile trading in 2020. Certain premium features in the software instantly jumped out during tests, including incorporated market signals & motifs, as well as limefx broker reviews a pivot point feature. When loading up the LimeFX site for the first time, you might see a piece of promotional text that advertises the fact that there is a ‘Welcome bonus 100%’. Our LimeFX review took a good look around the website and eventually found the deal that it was referring to.

Research and Visualization Tools

We kindly ask you to wait for the money to be credited and remain in contact with your account manager. Should there be any further delay in receiving the transfer, please don’t hesitate to let us know and we will gladly assist you further. Alternatively, you may want to contact your receiving bank asking for more details. Forex 101 by Fxfreedom is a sound introduction to trading the forex market. I know the JForex platform will be greatly appreciated if LimeFX can include a feature to clear drawings. Please be kindly informed, that LimeFX Bank is processing the vast majority of payments in an automatic fashion.

The fact of being a Swiss company with a license, means that the deposits of its customers are guaranteed by the government of the country, up to a maximum of 100,000 Swiss francs. For the most detailed, the Swiss protection system declares directly and without a doubt that the funds of non-resident foreigners are also covered. The coverage includes deposits made in any currency, but yes, the government will pay the corresponding equivalent in Swiss francs. LimeFX provides its customers with many tools and information to invest through knowledge and reason. LimeFX TV is a proof of this, of the broker’s imperative to inform through tutorials and webinars everything about the trading market. Once your account for trading in Forex has been approved by the broker, LimeFX will send you the steps to follow to transfer your money.

Usually the leverage is 1/100, but a leverage of 1/200 can be requested that the entity should study. The minimum margin required is 100 Swiss francs, but for operations that they consider more risky, the margins they work with range from 1 to 10%. In short, an entity that offers everything necessary for both amateur and professional traders. All your operations will be protected by the Swiss government. Traders’ opinions have always shown a positive balance, so it is a highly recommended broker for trading and operating in Forex. As a broker regulated by the Swiss government, it is not subject to ESMA rulings.

LimeFX scam

LimeFX TV is one of a kind studio located in Geneva featuring insightful market analysis and interviews with influencers. Please enjoy Forex Peace Army interview at IFX EXPO, Cyprus. Checking other reviews looks like it is a very common issue. Please, stay afromy of this banWhileilst opening an account is relatively easy, they bring lots of problems when asking for your information.

It is well structured but it will take you a while to find what you are looking for. The platform is more difficult to use than a regular binary options platform, especially for a green trader. The website is offered in 13 languages, mobile platforms and demo accounts are available.

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. You can communicate with the platform through traditional mail, email, fax or phone.

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