Is LimeFX Scam Or Not: A Short Review Of Traders Union-News-WikiFX

Also wish they would add some more up to sate cryptos, many of them are still there from the previous bull cycle. LimeFX has a consumer rating of 4.21 stars from 19 reviews indicating that most customers are generally satisfied with their purchases. Consumers satisfied with LimeFX most frequently mention crypto pairs.LimeFX ranks 24th among Personal Finance sites. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.

  • The app is available in over 20 languages and reviews and ratings online are good.
  • LimeFX offers a range of good assets and trading platforms that allow trading on the exchanges.
  • Which does make since on how I place a buy on gold and it gaps down immediately and I look on another platform and it hasn’t moved down or up.
  • Unfortunately, cyberspace is such a vast area that determining a trustworthy and suitable one is like looking for a needle in a haystack.
  • 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.

Overall these trading conditions are competitive and comparable with the likes of XM, HugosWay, and LimeFX. The CFTC has warned American investors not you use this broker, Read more.For broker complaints or problems with withdrawals, read this. So, with everything we’ve just said in this review of LimeFX brokerage, is it worth trading with it? Besides, there’s also the LimeFX bonus promotion, which lets you become its affiliate partner and earn extra money by promoting its platform.

Margin trading

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. LimeFX prides itself on processing withdrawals within the same day to ensure you have rapid access to your funds. The main reasons I chose them is for the wide range of assets the offer – it’s great to have access to crypto and stocks on the same account. Also it’s good to be able to hold your trading balance in BTC for long term growth. Once I began placing real trades I was pleased to find that the whole process is very simple and the execution of each trade was quick.

The broker extends the zero-fee deposit policy by agreeing to cover the transaction fees incurred as a result of your funding method of choice. To price CFD and FX spreads, LimeFX employs a very complex method through the live spread feature. The live spread area is updated every 10 seconds to keep things fresh.

MT4 is one of the most common platforms that traders use, but it’s pretty obvious that a broker would have it. To stand out a bit, LimeFX also included WebTrader which is nothing less of an advantage for traders. Some of the information we are providing, we received directly from the broker’s customer support. Based on the times we messaged them, it’s safe to say that it’s a 24/7 support system. Unfortunately, it’s more of a ticket system than a live chat and is only in English . No matter the question, however, you will receive an answer within a few minutes up to an hour.

Abstract:Millions of people are attracted by cryptocurrency. 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.

LimeFX scam

Cryptocurrency services like bitcoin exchanges, crypto-mining, and trading services are considered high-risk. Not only due to their inherent nature but also because many scammers try to lure consumers into investing in (non-existing) digital valuta. Please read our article How to check if a cryptocurrency site is legit or a scam.. Regarding fees, LimeFX does not charge any withdrawal, deposit, and inactivity fees. Swap fees are implemented whenever there is overnight open trade and are different depending on the type of asset. Other online brokerage firms do charge commissions and hidden fees.

wide spreads

Most traders only really stick to the majors and a few minors, plus maybe a crypto pair or two so this product offering should be absolutely fine. If you trade a really specific market I would recommend contacting their 24/7 support team to check if they offer that market for you to trade. LimeFX offers a range of good assets and trading platforms that allow trading on the exchanges. Nowadays, traders and investors can easily buy and sell tradable assets by clicking on a computer button. This way, you can fend off large commissions charged by unscrupulous money managers and do business in the comfort of your own home. If you intend to look for the most reliable internet brokerage platform, the biggest hurdle you will face is finding the right one that fits your needs.

  • Both of these accounts have a simple interface and use US dollars as their base currency.
  • For example, if you deposit 100 USD on your account, you’ll be able to open a position for 50,000 USD.
  • The fastest way to get in touch with LimeFX is via the 24/7 live chat support.
  • Withdrawal times are pretty quick too usually the same day, I’ve also tried out the webtrader they offer the executions have been quick on that and it’s quite easy to use too.

We use dedicated people and clever technology to safeguard our platform. My client signed up for their bot trader and has over 5 figures in the account. Customer service and support were also excellent – I had no problems resolving anything within 48 hours.

We systematically conduct broker reviews, no matter how big or small they are, and give you our honest take on their offerings. 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. You will get access to a wide range of trading tools, analytical and technical indicators, and highly interactive charting choices on either platform.

WikiFX Scam Alert: CNMV Warns Against MeteorTrade!!!

After more than two years, LimeFX has expanded to provide individual retail investor accounts with Forex trading, CFD trading, and cryptocurrency trading. We reviewed LimeFX, one of the fastest-growing names in the online brokerage sector, to assist you in choosing the best broker. And because of that flexibility, you don’t need to trade your time for money. There’s a lot that comes along with forex trading that many people struggle with. Traders should be aware that unregulated companies typically do not offer much, if any, client protection. Although LimeFX is just a few months old, it already has over 100 trading instruments available.

  • MT4 also enables comprehensive price analysis, with over 50 indicators and graphical objects, plus 9 different time intervals and a news feed.
  • The Meta Trader 4 trading platform supports automated trading.
  • This will last you for the rest of your life, as long as your affiliates will continue to trade and earn with the LimeFX platform.
  • Most forex brokers are regulated by governing bodies which impose strict rules and regulations on them.
  • That’s because we actually dug deeper into the platform and didn’t assume the worst right away.

Please read LimeFX Reviews below and share live trading experiences with this broker. LimeFX is a legit company that has been featured in several well-known publications. The fastest way to get in touch with LimeFX is via the 24/7 live chat support. You can also submit a ticket through the website where responses are typically received in 15 minutes. For those who would prefer to speak to a member of the team over the phone, you can submit your phone number and request a call-back within 4 hours.

Is LimeFX Scam or Not: A Short Review of Traders Union

There is only one kind of account available for customers of LimeFX. There is a 0.01 minimum lot size and has 1k maximum trade size. Also, only exclusive to Islamic users only, LimeFX provides swap-free accounts. When it comes to trading terms and conditions, LimeFX offers you hundreds of varying trading assets, including currencies and cryptocurrencies.

LimeFX scam

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. 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. When you’re a Digital Landlord, you literally own all of the assets, which means you have ultimate control. The number of people that have ACTUALLY beat the market consistently can be counted on one hand.

As mentioned earlier, LimeFX offers you multiple different trading instruments, including currency pairs, stocks, and even cryptocurrencies. The brokerage of your choice can determine a lot of things for you. You’d think it has some crippling disadvantages, but it immediately recuperates it with amazingly generous offers on trading options. The fact that trading with this broker is more profitable than with others cannot be denied. However, the lack of license still prevents us from giving it a perfect score. All in all, we’d say that LimeFX is a solid 3 out of 5 based on what we saw during our LimeFX review.

Follow this LimeFX review for a breakdown of the verification process, commissions, minimum deposits, demo accounts, and more. This is unlike most other online trading platforms and brokerages, which provide a selection of live trading accounts geared to the different classes of high-volume and typical investors. Currently, a vast number of the FX and CFD brokerages is available within the European Union, Australia, GCC, and other geographies. Previously, we were reporting on JAFX – an offshore company that serviced US clients for a few years – and now has disappeared without any sign. And today we would like to warn you about limefx website company – another offshore entity that is designed to provide financial trading services to the US clients without any regulation. In case you are interested about learnings more about the company, then navigate to our LimeFX review right now.

If potential clients are interested, then they should sign up using your link. And whenever your recruit, which is the “affiliate” begins trading for real, you earn a commission. It does not end here, but this progress into an affiliate multi-tier system. Once you are confident enough to do real trading, you can go ahead and open a live account in actuality.

The MT4 platform has thirty indicators and twenty-four graphic objects that traders can use. You can utilize its proficient abilities to examine movements within the forex market. You can trade anywhere you may be by utilizing MT4 for Android or iOS devices or straight off from limefx forex broker a browser, even without downloading or installing a WebTrader software. There are many other features like price analysis, built-in tick charts, a news feed, and other ultra-fast trading functions. These are deemed essential functionalities for traders of different skill levels.

In the MT4 tool, you find particular sessions in asset trading in the specifications option. Whenever high, comparatively higher leverage rates are utilized, clients’ accounts might be at risk. LimeFX acknowledges this and supplies protection in the form of a powerful negative balance. It basically shields the customers’ positions from massive losses. Without establishing this, if you have opened a position with leverage and the trade proceeds to go awry, you can lose all the accumulated funds in your account.

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