limefx is it a scam? Reviews about forex broker
You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. It’s no surprise, then, that limefx was awarded multiple “highest customer satisfaction” awards by Investment Trends research.
- The broker allows traders to trade as many 71 forex pairs and a wide range of other assets.
- We explored the topic in Can you trade options on limefxandbuying silver on limefx guide.
- If you do not make over this amount of money every week – they will not touch you and you will continue to think that your Forex broker are fair player.
- The main draw for limefx is that they offer no minimum trade sizes.
- Otherwise, this current lack of transparency is bucket shop scam level.
limefx is a well known Forex broker that also works as ECN broker. With a few hundred thousand traders you can say that a lot are very happy with them and quite a few are not. The reactions are very mixed which is the case with most of the other brokers. Let’s take a look at the other traders experiences with this broker.
Caters to traders looking for a stellar desktop trading experience
For example, if you incur a fee and your base currency is the USD, you’ll pay $10 a month for every month you don’t execute a trade after 12 months. limefx is an online broker for investors of all experience levels, specializing in forex and CFD trading. After serving as CEO limefx forex brokers reviews of the retail brokerage for over 2 years, Vatsa Narasimha has decided to leave his position for personal reasons. Vatsa Narasimha will continue working for the company as a Non-Executive Director.With a demonstrated track record in driving growth among both financial…
How much leverage does limefx?
We are governed by the National Futures Association (NFA) and establish margin rates and maximum leverage at our discretion. The Commodity Futures Trading Commission (CFTC) limits leverage available to retail forex traders in the United States to 50:1 on major currency pairs and 20:1 for all others.
By the way the are in Poland for more than 10 years so definitely not a no-name type of broker from nowhere. If you’re new client you can negotiate a lot as they are trying to build brand their sales are going to give you a lot to move your account – especially if You have something more than 1k bucks. Regarding trading conditions – average comparing to other brokers.
The fact that the company stands and operates on a strong background of reliable and successful cooperation with “global business giants” it definitely adds another advantage towards limefx. What we like is number of developments and patterns being done by the limefx in technical instruments and their impact on a trading process. limefx ticks all the boxes here as they offer an impressive array of economic analysis, real-time news feeds, calendars, and advanced data analytics that are unusual to find in a retail trading platform. The “order book” provides insights into trader sentiment and behavior.
But then I changed an app cuz they said their app was upgraded. But I can’t withdra wfunds afterwards on grounds https://limefx.name/ of insufficient turnover and money laundering. I know I have only a slim chance of recovering my funds.
Mobile Trading platform
The services offered by limefx’s various entities differ slightly. limefx operates via several entities worldwide and is regulated by top-tier authorities, such as the US Commodity Trading Futures Commission, the National Futures Association and the UK’s Financial Conduct Authority . If you have experienced the following with limefx , it’s more than likely that you have been tricked or are involved in a scam. We therefore advise that you report a scam and file a chargeback against limefx as the first step to recover your funds. Forge.medium.com needs to review the security of your connection before proceeding.
- For those that may expect restrictions on how long you have to use the virtual funds, you will be surprised to learn that there are no such restrictions.
- I think these online brokers are operating like those casino owners.
- To summarize, the educational resources were adequate but weren’t organized as well as they could have been.
- While many CFD brokers offer an incentive bonus such as a match deposit bonus for new members, you will not find any mention of any such promotion on the limefx site.
- limefx does not offer guaranteed stop loss orders for U.S. or U.K.
- I was shocked, since prior to joining limefx, I was trading on a demo account for 4 solid months and had a nice track record of profits.
Moreover, the best MT4 forex brokers are highly respected by the online trading network for its sophisticated features and advanced trading tools. One of the best features of this broker is, limefx does not require a minimum initial deposit. This broker guarantees the day traders to trade with limited capital. Additionally, limefx’s limefx website minimum lot size is one unit of the base currency of the quote. Also, they offer Nano lots and a lot size calculator. Additionally, customer deposits are separated from operating capital in leading international bank accounts; also, one standard account for all customers comes with a free demo account to practice trading.
This instrument is powered through Autochartist; this tool offers a short synopsis of the markets. An email is sent to brokers before they start analysis for the day. Market Reports give a technical standpoint of the forex markets for the following 48 hours.
- BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you .
- The desktop version offers proprietary charting as well as advanced charting from third-party provider Tradingview.
- A global online multi-asset trading services and currency data company, limefx has announced the appointment of David Grant as Chief Operating Officer, Asia Pacific, based in Singapore.
- It is a fact, various jurisdictions due to tax and laws allow some of the payment methods, while others may be prohibited to use.
One could argue that it’s this stellar reputation that affords limefx the luxury of not providing additional protection, but gambling on that may prove to be a bit shortsighted on the part of management. Trading is no longer a solitary task and more and more traders have come to rely on the opinions and insights of other traders. Social traders will find their experience lacking on the limefx platform. Other than a forum, limefx doesn’t offer any social investing tools. The limefx classroom, which is a series of webinars, focuses mainly on live market analysis, but also includes a lot of basic platform navigation and analysis that should help fill the educational gaps.