Category: Forex Reviews

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With the deposits, traders can make a choice between Credit/Debit cards, Wire transfer or Bitcoin, while withdrawals are only processed via Bitcoins. If LimeFX limefx website asks for an above average amount, LimeFX is more likely to be a scam. If LimeFX offers more leverage than that, it is a sign that LimeFX is a potential scam.

If you come across the next one with LimeFX, it is more than likely that you have been scammed or involved in a scam. If you have been a victim of a scam by LimeFX or any other broker, do not be confused. Try customer service while investigating a broker’s case, but keep in mind that even rogue brokers can appear friendly and helpful at first and then show their true Moving average colors. We send signals directly from our system and analysis the market on mobile for full zoom picture we trade basically on weekly timeframe, daily timeframe, 4hr timeframe and 5 minutes timeframe. That’s the reason why we think LimeFX scam is real, simply because they force traders down a path for taking their profits with Bitcoin, which is simply unacceptable.

  • The first impression that we got from our LimeFX review was quite nice actually.
  • It’s uncommon to make a conclusion in the intro of a review, but the location simply gives away the LimeFX scam straight off the bat, without even having to look at their trading conditions.
  • Every experienced trader would most likely cringe at the sight of these words as they know that the Commonwealth of Dominica does not regulate Forex brokers on its territory, but allows them to register at least.
  • When a broker has your money, he can do whatever he wants, as long as it is not regulated.
  • Some fraudulent brokers restrict clients to their own platform, which may not be a platform at all, but a bogus one.

We do not recommend trading with LimeFX to anybody regardless of their experience in the FX market. But thanks to their lack of license and the attempt to cater to US citizens, we can clearly tell that LimeFX scam is a major threat to anyone that registers with them.

Cryptocurrency markets bounced upward yesterday after a big drop with Bitcoin and Ethereum being up by 15 and 17 respectively. If you have lost your investment in the LimeFX scam, you can contact us using a chatbot. If you have been contacted by scammers, please visit our contact page. We have extensive experience working with regulators and brokers and can help you file a claim that can be effective.

One of the biggest benefits we were able to find was the minimum deposit which is just $10. Besides the legal aspects of the brokerage in terms of the license and registration number, the LimeFX scam is easy to be seen once one finds out that they cater to US citizens which is a very serious violation of US regulations. The first impression that we got from our LimeFX review was quite nice actually.

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MetaQuotes is a software company and does not provide financial services, nor it has access to MetaTrader 4 platform servers and databases managed by financial companies. However, the Forex broker does not have a compulsory FCA license to do this. The Forex broker is licensed by the VFSC, but this is not enough to offer financial services or products in the UK or Europe. Some fraudulent brokers restrict clients to their own platform, which may not be a platform at all, but a bogus one.

LimeFX cheating

Working with an unlicensed broker does not provide protection in the event of broker fraud. When a broker has your money, he can do whatever he wants, as long as it is not regulated. There are two ways that customers can trade, the LimeFX MT4 and Webtrader platforms.

If there was a way to withdraw with a traditional payment method, then this argument would simply not exist, but here we are. This is where the broker fails to maintain the initial value it showcased to us when we began looking at the trading conditions. LimeFX does not disclose the information on its spread range, it just says that spreads are floating, therefore, they can change. The live spread dashboard which is featured on the homepage is also a work in progress, therefore there was no way to find out the exact amount. It’s uncommon to make a conclusion in the intro of a review, but the location simply gives away the LimeFX scam straight off the bat, without even having to look at their trading conditions.

Ratings And Reviews

This factor, however, requires a lot of attention because it is often an area where people can be fooled by brokerage scams. For example, many fraudulent brokers charge high withdrawal fees that not only cover service fees. Unfortunately, many non-withdrawal brokers use these excuses as a cover to give the impression that they are not scammers. Although LimeFX may seem like a decent brokerage on the surface, with good trading conditions and user-friendly platforms, it needs to be considered that they classify as the “enticing” scammer type of brokerage that brings in customers based on irresistible conditions. As already mentioned the minimum deposit with LimeFX is $10, and similarly with the withdrawals. The only drawback is that there’s not too much diversity for the withdrawals.

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. Are they the type of scam that entices traders no matter the issues with their legality? A detailed LimeFX review should disclose complaints about the broker.

LimeFX cheating

This is also kind of a bonus for the company as diversity is always welcome. But judging by the fact that most scammers manipulate their Webtraders to get as much out of their traders as possible, it’s likely that LimeFX does the same. OK hold on this is a cryptocurrency sub but only the first one Swing trading is poison the other three — not so much. If you own anything between BTC 1 and 10 bitcoins you get claws and can be classed as a crab. Ad Buy Sell Trade Cryptocurrencies Across Multiple Markets Simultaneously. Bitcoin ATM locations of Freeda operator Freeda makes Bitcoin accessible for everyone.

App Privacy

Any broker’s review should aim to identify problems and complaints that have been reported by previous traders. When browsing LimeFX, the main problem was that the broker did not provide his physical address in the contact section. There are also no expected spreads and it is impossible to calculate the cost of trading with this broker. If LimeFX is a no-withdrawal broker, most likely there is a problem with their license.

LimeFX cheating

They may also say that local taxes require them to charge a certain amount of money for withdrawals. However, the tradition of accepting huge minimum deposits is extremely common among scammers, as their main goal is to steal as much money from a trader as possible before they suspect suspicion. Once we steered our LimeFX review towards the trading conditions of the brokerage we were actually surprised that they can offer decent conditions for both beginner and veteran traders. LimeFX can inflict huge losses on his clients and therefore, in our opinion, is a potential scammer.

The website was developed with at least some effort put into it and the overall transparency that was being showcased was nothing but commendable from the broker’s side. However, the first impressions were immediately cut short when we couldn’t find definitive information about the company’s regulatory license. The mobile trading platform allows you limefx scammers to perform trading operations and analyze currency quotes using technical indicators and graphical objects. Although a fund recovery expert can help you get your funds back, it is always a good idea to research a broker from the beginning. You can make money through a broker, or at least pretend that you are making money, but that is not enough.

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LimeFX Final Rating

The broker starts to create problems and you think you are losing money. What we did find out though, was that trading with EaglFX is commission-based alongside the spreads. Needless to say, this is a relatively un-user-friendly practice as it drains all the potential for profits. Every experienced trader would most likely cringe at the sight of these words as they know that the Commonwealth of Dominica does not regulate Forex brokers on its territory, but allows them to register at least.

If a Forex brokerage wants to somehow tap into the US markets they need to posess a license from the local CFTC, which is nearly impossible to do. It’s connected with the broker’s available capital, trading conditions, payments on the license and etc. Even large brokerages simply can’t fathom the costs of operating in the US and therefore try to avoid it completely. Having a brokerage which was created in 2019 caters to the US population is a definite red flag as they’re undoubtedly doing it through illegal matters. If LimeFX is trying to hold onto your funds, it may try to pressure you into another trade when you ask for a withdrawal.

A number of unregulated brokers like LimeFX have been reported to cheat people. Traders should trade with well-regulated brokers such as UK or Australia brokers and reputable brokers. We advise all investors and traders to avoid LimeFX and other Vanuatu brokers.

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