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  • LimeFx scam: LimeFx Review Check this review to see if LimeFx is a legit broker

LimeFx scam: LimeFx Review Check this review to see if LimeFx is a legit broker

LimeFx scam
LimeFx scam

Your funds may not be safe if you are trading with this broker. The scam broker may operate in many countries without the regulation required by the reputable regulation authority in its country like FSMA, FCA, CySec, ASIC and so on. But regulation is definitely not the only reason for calling this broker a scam.

In addition to these “standard” account options, there’s a free demo account and an Islamic Account type available too. The WebTrader offered by LimeFx is for those who – for whatever reason – cannot download MT4 and install it on their local computers. MT4 supports one-click trading and a more than comfortable number of order types. By putting together a compelling chargeback strategy from beginning to end, victims of online fraud have a relatively high probability of recovering some or all of their lost funds. If you are currently investing at this broker, please share your experience in the comments below.

We recommend that all investors and traders avoid LimeFx and other Vanuatu brokers. The available platforms are Meta Trader 4 (the go-to platform of many pros) and WebTrader powered by Panda Trading Systems. The latter doesn’t need any download, thus you can access it from all over the world, even if you don’t have your personal computer with you. On the other hand, Meta Trader 4 requires a small download and installation but in return, you will get lots more features and a professional-looking platform .

LimeFx Review

Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D. The backbone of the brokerage trading platform-wise is beyond a doubt MT4. MetaQuotes’ creation is the most popular trading platform for several reasons. The monies deposited by traders are kept in segregated bank accounts for instance, and the brokerage is a member of the Financial Compensation Scheme.

While a review should be objective, in this case unfortunately we’re not. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. We deal over the phone most of the time for trading instruction but I never had any problem following.

LimeFx scam

Needs to review the security of your connection before proceeding. LimeFx accepts credit cards as well as a slew of other payment options such as Skrill, Maestro, Giropay and Neteller. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. Companies can ask for reviews via automatic invitations.

Mistakes can happen even with the most cautious of investors, and should be used as a learning opportunity. Despite what any LimeFx.com review has told you, LimeFx.com is a suspected scam. Broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes name and website URL without any notice to existing traders.

Why LimeFx Doesn’t Suck in 50 Words

If you’re wondering – Yes, that is possible with many FX/CFD brokers because most don’t have Negative Balance Protection. Having this feature adds an extra layer of protection; I know that blowing your account is bad but it would be worse to blow your account and owe some money to the broker. Almost all of the 4 and 5-star reviews look similar and are written in broken English. That’s a sure sign that LimeFx has been using bots or fake accounts in an attempt to boost their overall review ratings. Yes, it would appear from the CySEC website and from the LimeFx homepage that LimeFx is a regulated broker.

I got my money back, but after that I have gotten more than 100 phone calls from different number over the last 30 days. I have gotten calls from the UK, Germany, Cyprus, Sweden, Belgium, Croatia, Norway, etc. People have called from LimeFx as well as other companies, so it seems like LimeFx have sold my number. I tell those who call to leave me alone and erase my number from the system, but they keep calling.

We’ll be addressing that in this review, LimeFx definitely seems to check off a large amount of the scam boxes. However, if they’re officially regulated by the Cyprus Securities and Exchange Commission can they actually be a full blown scam or just a scammy type of operation? I got in touch with LimeFx, made a deposit, but decided to not get into the market.

  • The Silver account offers the spread of 1.6 pips on EURUSD, 2.1 pips on GBPUSD, and 1.9 pips on AUDUSD.
  • By far the best Extra feature is the Negative Balance Protection, which means that your account balance will never go below zero, so you will never owe money to the brokerage.
  • Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.
  • The high degree of leverage can work against you as well as for you.
  • A good broker must not only be regulated, but also have a good reputation, excellent trading conditions, and excellent support.
  • This alone does not mean it is a scam, but you should be even more careful with such a provider than with a regulated broker.

A red flag that we noticed is LimeFx is withholding vital information to users. LimeFx was founded in 2015 and is a trading company or brand belonging to K-DNA Financial Services Ltd. As they state on their website LimeFx provides online Forex and CFD trading services including Commodities and Indices for worldwide investors. Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies. From stat-arb and trend-following CTA to fixed-income relative value.

The minimum required deposit for this account type is $250. Expert Advisors are universally loved by MT4 users as they trade automatically according to the parameters defined by traders. When coupled with a custom script and a good VPS service, they can indeed transform one’s limefx trading game completely. Scores of time frames are supported, and the customized charts can be saved as templates for later use. MT4 usually comes with around 50 preinstalled technical indicators, though this does not mean that traders cannot add more down the line.

LimeFx could be a Scam

We can easily tell all you rookies out there right now to not do it. For the beginning find a broker that will offer you a low minimum deposit and with that will help you to understand and learn the market. Because a good broker is always holding your best interest in mind.

LimeFx scam

Many complaints and negative LimeFx.com reviews and other possible scam features are other reasons being mentioned. The easy way to know if a broker is legitimate or a scam is by verifying their license. If your broker is not licensed and regulated by the government, then they are an offshore scam. Forex & Crypto CFD brokers in Canada must be licensed by the IIROC. The Silver account offers the spread of 1.6 pips on EURUSD, 2.1 pips on GBPUSD, and 1.9 pips on AUDUSD. The Gold account offers a narrower spread condition, with 1.4 pips on EURUSD pair, 1.9 pips on GBPUSD, and 1.7 pips on AUDUSD.

Hopefully, we will be able to give you enough insight about the broker so that you can make an educated decision, instead of going in blindly. Please be noted that all information provided by ThatSucks.com are based on our experience and https://limefx.vip/ do not mean to offend or accuse any broker with illegal matters. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality.

In addition to Belgium, the broker does not accept traders from the US, Iran and North Korea either. While there are a few reviewers who do not seem to think much of it, they fail to provide any proof to argue their case. Indeed, most of these reviews fail to point it out exactly what it is that they do not like about LimeFx. The broker makes continuous calls to the traders and urge them to invest higher and higher amounts. The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding investors.

Is this your company?

I am consistently gaining good profit out of their deals. In order to start trading with LimeFx, you have to deposit at least 250 USD . ForTradeis a popular Forex broker that is licensed in the United Kingdom by the FCA,look here. Smart traders always check out the competition before settling on any broker. LimeFx is a Cyprus based Forex broker that is owned and operated by K-DNA Financial Services LTD. As of December 2021, their website is no longer accessible.

Our experts have assessed this broker but could not confirm if LimeFx is safe. Generally, offshore scammers usually get this certificate using the wrong information. Also shown are download links for AnyDesk and TeamViewer. This is a major red flag, as they use those apps to access your computer, and place trades on your behalf. Stay up to date with the financial markets everywhere you go. LimeFx could go bankrupt from one day to another since there are no banking information about this broker.

Problem with offshore brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice. limefx scam Many complaints have been received of LimeFx using deceptive advertising tactics. A note that can either concern you or give you confidence is that they don’t have a large review presence online.

When the Scam Broker Investigator reviews a new Forex & Bitcoin broker to see if they are a legitimate broker, or just another scam, we look for a valid government license. The brokers license can come from the FSB in South Africa, or the FCA in United Kingdom. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. Both apps deliver an amazing set of trading tools, charting options and technical indicators. Both can be used as fully-fledged environments for trading on the move.

This is the first sign that you may be trading on a regulated trading scam. John advises you and appears to be holding your hand each step of the way. Then, suddenly and without warning, the market takes a dip and you are out 10k, 20k, or maybe even more.

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