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I prefer more client protection in the form of a compensation fund, but overall, lime fx presents a secure trading environment. The asset selection remains average, and while spreads and commissions are high, the lack of swap rates results in a competitively priced broker for traders who maintain positions for more than five trading days. DailyLimeFx https://limefx.group/ adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
That being said, I have to outline how the absence of swap rates makes lime fx an ideal broker for leveraged traders who hold positions for more than a week, where trading costs drop to the best industry-wide. When it comes to trading fees, things get a bit complicated at lime fx. The spreads on all assets, and the commissions for equity CFDs, are very high, making lime fx an expensive broker for scalpers and short-term traders unless they have a minimum of $25,000 to deposit. Support is available 24 hours and clients can either send an email, call support, or engage with customer support via a live chat feature.
Based on this user feedback, it appears that lime fx is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform. lime fx does not offer deposit bonuses but maintains a Loyalty Program for affiliates. The structure is a mix of minimum equity, executed trades, and referred traders, an intelligent concept I like, but the rewards remain unattractive.
Is lime fx a Regulated Crypto and Forex Provider?
Comparebrokers.co needs to review the security of your connection before proceeding. Instead, the firm provides the successor platform, MT5. Yes, you can trade crypto and CFDs on commodities, indices, and shares with a lime fx broker.
Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. I am in the process of contacting the Cyprus FCA, and financial ombudsman of Cyprus, to look into my case, and hopefully stop these people from trading, and scamming anyone else. Beware in the U.K.,as they also have a temporary licence to ply their trade in the U.K.,although I have also alerted the FCA in London of their modus operandi. There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances. The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to.
NewsWIKIFX REPORT: CySEC-regulated lime fx attacks European clients via unauthorized offshore entity!
lime fx Overall Ranking is 8.3 out of 10 based on our testingand compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers. Please be warned that scammers do not always have to be companies, but can also be individuals presenting themselves as part of our operations. 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. Labeled Verified, they’re about genuine experiences.
We hope that after you have created a Live Account, you will enjoy working with us and be able to use our full benefits of services. We are happy to know that our company has left a positive impression on you. The task of our team is to help, educate and suggest strategies. We are once again sorry for the bad experience You, unfortunately, had with our company but we strongly believe You will find success somewhere else. We are sorry to hear that You think that we scam people, but this is a false accusation.
We are incredibly grateful that You took the time to share Your feedback with our company. Damian then guided me through the trading very patiently. I don’t think my trading experience would have been that good if Damian was not my Guru!! I will highly recommend Legacy to anyone contemplating Futures trading.
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Nevertheless, they have given me insight on how to trade better with better assets. It appears to be one of the industry’s most promising brokers, established itself as a leader in the retail sector in recent years. To process the transaction via major credit/debit cards, Skrill, Neteller, and Bank Wire transfers. Payment methods vary depending on the entity you are trading with.
The account holder is responsible for the trades placed in his/her own trading account, since you are the only one that has access to the account. If you may need any further clarification please contact us at Best Regards, The Compliance Team. lime fx is an established and trusted broker, while a trader may not be satisfied with the results of his/her own trading, that does not mean they were not treated fairly by the service provider. Trading forex does carry a high level of risk and the investor must be aware that they could either profit or lose their invested capital.
- Check our blog post “How to recognize counterfeit products” for more information.
- While a trader may not be satisfied with the results of his/her own trading that does not mean they were not treated fairly by your account manager.
- This was so that it would be ‘worth their time’, ‘you do something for me, I do something for you ‘ etc.
- CySEC a regulatory authority for LimeFx Services firms in Cyprus, along with cross-border licenses due to its European position, authorizing the company to provide LimeFx services within the EEA zone.
Also, the market offering is limited to FX and CFDs. Based on our expert opinion, Legacy is a reliable broker with good regulation. The broker offers good trading conditions with a wide range of instruments. I’ve been following your signals before some days .,all his signals were on point and in profit.
💵 Legacy FX Minimum Deposit :
Therefore, traders can download the desktop app for Windows and Mac and enjoy all the perks this software gives. lime fx trading platform is the most popular software nowadays, MT5. Also, the platform is available as a mobile and desktop app and as a WebTrader. While WebTrader is easier to use, it has fewer features than an MT5 app. Additionaly, you may end up with an offshore one and be given all different perks and trading conditions. As So Called Account manger makes 10% or more on our deposit.
It worked well for a month – and slowly I began to develop trust with the senior trader. Main tool and a very powerful one in the lime fx business strategy is – education, which attracts new traders and gives a great opportunity for both limefx parties. Is designed to monitor and optimize your entire trading process by offering broad functionality. MetaTrader5 is an institutional multi-asset platform offering outstanding trading possibilities and technical analysis tools.
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I hope i can make further progress in the time to come . My interactions so far have been valuable and progressive . lime fx is a safe broker, Regulated – CySEC, FCA, MiFID Company – A.N. After conducting some research on various social media platforms , as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with lime fx.
The Financial and Consumer Affairs Authority of Saskatchewan issued an official warning against the offshore entity of lime fx and its owner, An All New LimeFxs Ltd. While we agree that the CySEC-regulated entity is entirely legitimate, we question the issue of the offshore brand. To begin with, lime fx Forex brand is owned by A.N. Allnew LimeFx Markets and holds a CySEC regulation.