I am Kevin Berry, an internationally recognized financial advisor. With my team, we provide independent reviews about online stockbrokers, financial funds, and other projects about investments. We can help anyone understand which company can be marked as a scam and which is reliable for investment. We won’t go into detail about each bonus, but we strongly recommend carefully reviewing the conditions for claiming them. It is good that the broker provides separate documents with up-to-date terms for each of its promotions.
- However, it is worth mentioning that the broker does not have a physical office.
- In the personal cabinet, there is access to an economic calendar, indicators, trading ideas, news, and other additional tools.
- Consequently, working with such a firm subjects users to financial and data security risks.
- Whether you’re a beginner looking for something simple or a pro who wants top-tier security, we’ve got you covered.
Company Highlights
Traders limefx scam can choose from various methods, including credit cards, bank transfers, cryptocurrencies, and electronic payment systems. This diverse selection allows for flexibility and convenience when funding the trading account. It’s worth noting that the broker claims not to charge any deposit fees, which can be appealing to traders.
Hi Ben Burrows,Thank you for your positive feedback! We’re dedicated to providing our clients with a wide range of educational materials, and we’re thrilled to hear that you have found them helpful. We believe that education is a crucial aspect of successful trading, and we’re here to support you in your journey. Our customer support team is committed to providing our clients with the assistance they need, and we appreciate your feedback. If there’s anything specific you’d like to see from our support team, please don’t hesitate to reach out.
Reviews
Starting with licenses, FCA, BaFin, and ASIC are Tier 1 regulators; FSA is not. They have the strictest regulations and are the most respected. As you might have guessed, Lime Fx doesn’t have any of those, so we wanted to make sure. Robert is an experienced financial analyst based in California. He covers the most difficult topics on our site.
It would be good if they add the metatrader 5 platform. Hello Fikri Kadeer,We appreciate you taking the time to share your experience with our withdrawal process. While we’re sorry that it wasn’t exactly what you expected, we’ll use your feedback to continue to improve our services. For those wary of Lime Fx’s practices, exploring alternative brokers with proven track records and positive user feedback is advisable.
Lime Fx also offers a separate terminal for copying trades. Clients can connect to other traders to copy their trades or become providers for other users. However, to check this feature, verification must be completed. Information about trading commissions and dealer fees is not available on the main page of the site.
Privilege account with
Tier 1 regulators are the ones we always recommend. Most trading companies that are even sponsors of some fantastic sports teams are regulated by those. Therefore, the rules they comply with are weak.
I usually open new accounts for whatever trading strategies I’m testing at the time
However, the full-featured mobile version is only partially supported. In summary, the most significant disadvantages of the company’s trading terms are a lack of disclosure of the commissions, excessively high leverage, and an undisclosed figure for the initial deposit. Additionally, various penalties and restrictions are imposed on the website, which will be discussed in the next section.
The project provides spot and margin trading with a limited number of financial instruments. The management supports multiple trading platforms with different functionalities and high liquidity. The company is regulated by the offshore regulator FSA. However, customer reviews of Lime Fx.com are contradictory and typically negative. Therefore, let us verify if the company is a scam. The interface of the personal cabinet is similar to the official website.
- We identified keywords that indicate that the company may offer very high-risk financial services, meaning services that may offer a high return; but also a high likelihood of losing (all) your money.
- Therefore, it can be assumed that the platform was launched in 2022.
- The management supports multiple trading platforms with different functionalities and high liquidity.
Then the broker has reason to call you and pitch you for more money. The mobile app for the Lime Fx platform is available for both Android and iOS. It’s very good, considering that this broker is fresh in this business and without a reputation. But not enough when we consider Lime Fx reviews. Web trader is nothing more than a basic platform with some technical and analytical tools and with a user-friendly interface. It is very simple to use and it’s suitable for beginners.
Think twice before investing any of your funds here. With all due respect to FSA and other authorities, they are all lower tier for a reason. A regulated broker can provide you with security, proper education about trading, and stable trading conditions without a doubt. We’re glad to hear you’ve had a good experience using our platform. We pride ourselves on being able to offer a wide variety of assets to trade, and we’re happy that you’ve been able to take advantage of that.
If, on the other hand, you would like specialized advice with one of our crypto lawyers for online scam, do not hesitate to contact us, we will be at your disposal immediately. Companies https://limefx.biz/ can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Hi Jeremy Butler,Thanks for taking the time to share with us your feedback!
Firms overview
This unregulated platform operates without the necessary regulation, raising doubts about the safety of your funds. While regulation alone does not determine a scam, it is an essential factor to consider. Dealing with an unregulated company like Lime Fx increases the risk factor of your money. Once the money is deposited with it, it stops responding to the queries.. Therefore, we do not recommend you to invest money with Lime Fx. This is an offshore trading company offering FX and CFD trading with an FSA license.
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What’s wrong with this broker is that there is a warning issued against them by CNMV (Spain). Since Lime Fx is fresh on the market, only since 2022 this is a very quick achievement. To sum up, I think Lime Fx (Tradeco Limited) is not a safe enough forex broker.
