17 Jan

LimeFx Review 2023: Scam Or Safe? Detailed Overview

And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life. You can make money with it, but it’s definitely not as easy as Prof. Matthew Lewis (If that’s his real name) makes it sound. Make sure they are regulated by your local financial regulator. After all, you must first deposit money for the software to trade and make money. The program’s most fantastic feature is how it incorporates crowdsourcing with worldwide financial analyses.

The company offers flexible modes of transactions and accepts modes such as credit cards, bank transfer, and automatic pay through the bitpay pay system. No commissions are charged on deposits and up to 50 dollars will be charged on withdrawals. Some account types the Ctrader and the mt4 NDD will charge you a commission of 0.003% on the transaction amount.

Overall based on LimeFx Review, the broker’s fees and charges are competitive and transparent, ensuring that traders can make informed decisions without worrying about any hidden costs. This regulatory framework ensures that the broker operates under strict guidelines and standards aimed at protecting the interests of its clients. So far, we haven’t received any complaints from clients of LimeFx Cyprus (). It goes against our guidelines to offer incentives for reviews.

Their support is poor as they don’t call or respond to live chart. According to results of the conducted inspection, due to the client’s trading limefx platform failure, there were several trades concluded at the non-market prices. Cause of the incident, these trades have been canceled.

The problem is, because the idea of doubling, tripling, or 10X-ing your money in a few minutes to a few days is so enticing, there are a ton of shady characters in this space. It is impossible to increase it during the bidding. The exception is bet on doubling, but this is a dangerous and risky decision.

Deposit and Withdrawal Options

In order to lose less on withdrawal, it is better to withdraw dollars to a dollar card, then there will be no additional losses during conversion. No, LimeFx is not a scam but a regulated forex broker that has been in operation since 1998. Withdrawal of funds can take several days, which is slower compared to some other forex brokers. These platforms provide traders with live access to trading markets, enabling them to make informed decisions, protect their funds, and access historical data, forecasts, trends, and patterns.

  • As a CIF, the company can also operate in China, Kazakhstan, Oman, Russian Federation, Ukraine, and United Arab Emirates.
  • However, clients from the EEA zone belong to its European entity regulated by CySEC.
  • It can take up to three to five working days for a transaction.
  • If you don’t know anything about trading but want to learn – for you FiboGroup is perfect.
  • Using short-term options you can earn literally in seconds.

The cTrader LimeFx software package includes PC, web and mobile versions as well as cAlgo and mirror. CAlgo permits you to create trading robots and custom indicators https://limefx.group/ for technical analysis using C # language. The document regulates the legal relationship between you as a service user and the brokerage company as its owner.

Complaints against LimeFx

As a rule, the more difficult the forecast itself, the higher the profit. Binary options are completely legal and based on correct forecasts, that is, almost everything here depends on the traders themselves. For a trader to be profitable it depends on his ability to correctly predict price changes and calculate the time when this will happen. If he turns out to be right, he will receive a predetermined amount; if he makes a mistake, he will lose the money invested in the option. Pipbear.com is a blog website dedicated to financial markets and online trading. Please note that trading, especially margin trading contains high risks of losing a deposit.

LimeFx scam

Overall, LimeFx is a suitable broker for traders looking to trade forex and CFDs on commodities and indices. For research purposes, it offers Market Analysis, Forecasts and Economic calendars. The available tools are quite low in comparison with other brokers. Once the payment is confirmed, the funds will be credited to the trading account.

Overall, our experts find LimeFx a good and reliable broker with convenient conditions for beginners. The broker’s spreads are low and deposit too, the broker is suitable for various trading strategies and meets the need of traders across the globe including European clients, Africa and Asia traders. • Call / Put options – the most simple and clear form of binary options.

What is the minimum deposit for FiboGroup?

Take the right step and recover your lost funds trust me is 100% possible. This might lead to hesitation among potential users as they are not sure how the process will pan out further. It would have been better if the broker had mentioned the steps involved in opening the account with some clarity and transparency. There is nothing mentioned about what the process holds next. The website asks you to tick a checkbox that tells you to agree with the terms and conditions, but nothing else is mentioned. The only thing I will put a minus for is verification.

LimeFx scam

Besides CySEC is part of MiFID’s European rules, companies regulated by the Cypriot Financial Supervisory Authority can operate in all EU Member States. CySEC uses a set of rules and requirements for license holders that are not as rigorous as, for example, in the UK, but provide a certain level of security. LimeFx is definitely a broker with a solid reputation. However, it is an offshore broker, so we advise you to verify if it’s regulated in your country. The platforms are available for desktop and mobile . Transmission of orders for transactions is carried out not only through a personal account, but also by phone (clause 4.4).

The profit has been deducted. Only principal is allowed to be withdrawn

Its various trading platforms are the Meta trader4, the Meta trader5, and the Ctrader platform. The broker also has a range of videos for beginners, as well as Webinars and events. Another important to consider while choosing the right broker is customer support service. The broker provides multichannel support via international phone calls, email, and Live chat. The broker also provides a full-service client area for account management, as well as market analysis. With decades of expertise in the industry, this broker has built an excellent reputation for delivering high-caliber trading services.

These products may not be suitable for everyone and you should ensure that you understand the risks involved. To contact the author please use the email address below. Excellent broker, never had problems and money withdraw was quick. I was skeptical in the beginning but now i´m trading heavily with fibo for about 6 month.

LimeFx offers its traders MT4, MT5, and cTrader platforms. Clients that choose the MT4 trading platform can choose accounts with fixed spread, NDD, and NDD with no commission. In case you want to use MT5 or cTrader, you can have only an NDD account.

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