All About Scam Brokers and Trading Scams

All About Scam Brokers and Trading Scams

The broker is registered in Cyprus and is a regulated Financial Conduct Authority in the UK with a cross-border license to operate in other European countries. LimeFX is also authorised by Australian Securities & LimeFX Commission and the Cyprus Securities and Exchange Commission. Without further ado, let’s see what we found out. The website reveals that the users can trade with currency pairs, global stocks, both hard and soft commodities, and equity indices.

I can fully trust this trading broker. Signals are reliable and trading advice are proven effective. To add more user protection, the broker also utilizes account verification and digital encryption measures.

I’ve been able to make easy…

Also, the FCA added in the warning that people are unlikely to get their money back if something goes wrong with LimeFX. If one of the most reputed regulators of the forex industry suspects LimeFX is a scam then you should stay away from them. Next, you’ll need to fund your account. Once your account is funded, you’ll be able to start trading. First, go to the LimeFX website and click the “Sign Up” button. You’ll be asked to provide basic information about yourself, including your name, address, and email address.

  • They also provide a variety of educational materials, such as webinars and videos.
  • They have so many good opportunities to make money online.
  • So, it’s a huge drawback of trading with
  • Another part is that the broker has technical tools that help brokers analyze previous markets.
  • The reason it is asked so often is because there is no simple answer to it.

This platform was developed to ensure the best trading conditions for clients, as well as world-class analysis tools and a user-friendly trading interface. Trading on financial markets carries risks. Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital.

Their unregulated trading terms and barely functional trading platform are enough… The huge selection of assets is certainly excellent, as is the customer support team. We would have liked to see cryptocurrencies included in the assets available, but it is possible they could be added soon. As the trading account grows each successive level becomes available, which also grants the trader additional features and benefits. Below you can see the features and how they increase with each successive account tier. Good broker for forex trading.

One nice touch is that the broker does offer a personal account manager at all account tiers. Amazing services and good profit are my reason for keeping this broker service. I have never traded to brokers as good as this before. These are a team of very professional guys from brokers, technical support their customer service.

Funds Trading and Security

However, also brokerage companies can go down. Remember Lehman Brothers? In these cases, it is important to know what happens with your securities and cash. These are usually held in segregated accounts, so even in case of broker bankruptcy, you are safe. It is hereby made clear that does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein.

  • Crypto to Crypto conversion limits – the minimum crypto conversion per transaction is $20.
  • LimeFX is fully regulated and compliant with top-tier financial authorities which consist of the FCA, ASIC and CySEC.
  • In regards to limitations, US customers can currently only trade cryptocurrency on LimeFX.
  • If the company needs to be registered in another country than the one where you live, you need to find someone who can help you with the registration.

Even after I received my refund, the lady call to check all was fine. Yes, they are considered safe. You can be sure none of them is a scam. They are regulated by top-tier regulators.

Overall, we cannot say anything bad about LimeFX, but it’s also not a perfect broker. If you are looking for a more laissez-faire broker, this one just might hit that spot. They help to ensure that the construction project is completed within its projected budget. Quantity surveyors are responsible for managing all aspects of the contractual and financial side of construction projects. Launched in December by German company SkySails Power, the massive wing is the world’s first fully autonomous commercial “airborne wind energy” system.

For non-EU clients, there is no zero-commission trading but the fees are very low. The minimum deposit is indicated as being $5000, which is very suspicious and very scammer broker-like. It’s in the minimum deposit requirement that the offshore nature of LimeFX is best expressed. This requirement immediately changes the user base of LimeFX. Now, we suppose that the broker aims to attract bigger fish.

As we said, the broker has quite a strong visual design, beating many of its competitors. As such, the first impression it leaves is quite positive, as it usually is with good-looking services. However, that’s not enough for a positive review, and some will question whether it’s important at all.

Benjamin Thompson Kirk – Scammer Charged by SEC

Although beginners might shy away from the large minimum deposit, but overall, the broker seems worth trying. They offered me great deals, I gain decent profit and I am happy with the services. I had a very positive trading experience with this broker. I get good trading results all the time. Friendly customer service. They are always there to assist me o all of my trading needs.

The broker doesn’t share any information on the people running their operations, which is a huge negative point. The FCA said this forex broker doesn’t have authorization to offer its servies in the UK. So, if you trade with them, you wouldn’t have access to the Financial Ombudsman Service limefx courses scam or the protection of the Financial Services Compensation Scheme. The broker doesn’t charge any fees for deposits and withdrawals. LimeFX accepts Visa, MasterCard and bitcoin for payment methods. Finally, all customer funds are segregated from company funds and held in banks.

  • Their customer support is responsive and handles customers’ queries with ease.
  • To add more user protection, the broker also utilizes account verification and digital encryption measures.
  • They are always available and willing to help.
  • Positive LimeFX reviews all state that it’s easy-to-use, functional and is easily accessible for beginners.

All withdrawals below $100 transferred through a bank transfer are charged a fixed fee of $10. For international withdrawal requests, the minimum amount it $50, although it was not made clear whether there is a fee or not. All other withdrawals below $20 will be charged a $10 levy. As per the legal docs, we learn that the payment methods are credit cards, debit cards, wire, and potentially other undisclosed methods. Also crypto methods are discussed, so these also might be considered as payment gateways.

The moment I traded with this broker, I am very happy with the trading results. They’ve been my forex broker for over a year now and I will definitely vouch for their excellence. A very good broker company to deal with. Signals are profitable and services are very efficient. Overall satisfied with the service from deposits to withdrawals. I am fortunate enough to have them as my trading broker.

Additionally, mobile-based trading apps let you trade while on the move. LimeFX offers various financial assets, including forex, stocks, indices, commodities, and cryptocurrencies. With over 900 assets to choose from, investors can find the perfect opportunity to invest in the markets that interest them most. Whether you’re looking for short-term profit potential or long-term growth potential, LimeFX has the right asset for you. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70%-85% of retail investor accounts lose money when trading CFDs.

LimeFX Has a Shady Trading Platform

If you are interested in following the latest news on the topic, please follow Finance Brokerage on Google News. I went through the terms and conditions of LimeFX and found them to be quite unfavorable. For example, the company has a minimum withdrawal limit of $50 for wire transfer. Even if I ignore the elephant in the room, having an unknown trading platform has its own set of problems. But according to the various reviews I found online, they are a scam. The customer support of LimeFX is available 24/5 via email, live chat, and telephone calls.

LimeFX scam

As a new brokerage, LimeFX also follows the latest trends and innovations in the online trading sphere. That has allowed it to base its service on new, potent technology that boosts the overall trading experience. A part of it lies in its proprietary platform, carefully crafted to suit trader needs. Because of the tech it utilizes, the broker maximizes liquidity and minimizes execution times.

Silver Account

Signals are so much profitable. Swift withdrawals and great support. I enjoy trading with this broker company, very professional. The satisfied trader here. Withdrawal is always fast and signals are all the time profitable. The best forex broker company.

Affordable initial deposit with really great returns. I am getting what I deserve. I am happy with this broker.

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