LimeFx is purposefully hiding in the shadows, restricting its access to an email address and contact form. Regulators like the FCA, NFA, or ASIC ensure brokers follow strict rules, limit risks, and have compensation funds. For Forex traders who use scalping as a trading strategy, low spreads are crucial. In the long run, these lower your trading expenses, especially if you are a frequent trader. Hi Sonia, We’re sorry to hear about your experience, and we take such matters seriously.
Overall reviews paint a poor picture of customer service responsiveness and resolution of issues. This is a renowned platform for its built-in features, which include fast trade execution, a variety of trade execution modes, a toolbox for analysis, and order history. The programming language on which MT4 is based makes it appropriate for novice traders who are not highly involved in developing their own algorithms for their trading strategies. Thus, if you’re a beginner, MetaTrader4 is the best trading platform for you. Since top forex brokers compete for your business, several now provide zero-spread trading accounts as an added perk. On investigating online about LimeFx Review we found that there are many negative LimeFx reviews and complaints on different broking forums.
Thank you for your support and for being part of LimeFx! Hello Yulong, What a lightning-fast start to your trading journey! 🚀 We’re thrilled to hear that you found our platform user-friendly, efficient, and asset-rich. Your enjoyment and satisfaction are our top priorities. Hello Mats,We’re delighted to hear that our flexible leverage options suit your trading style! 🌟💼 Having the freedom to adjust leverage according to your strategies is a great advantage.
Users can customize the dashboard using the multi-language option to match their native language. The mobile app’s single-screen presentation of trader positions and balances makes it easy to manage your assets quickly. LimeFx makes it easy to initiate, execute, and monitor trades on both the web and mobile platforms.
You can’t withdraw profits until you make a rollover at least 20 times bigger than your deposit plus bonus. Web trader is nothing more than a basic https://limefx.group/ 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.
This is an offshore trading company offering FX and CFD trading with an FSA license. Even if the broker is regulated it still doesn’t mean it’s genuine. That’s why you look for Tier 1 regulation, which LimeFx doesn’t have. They are a highly risky broker with a very quickly deserved bad reputation. The broker reserves the right to charge an administrative fee if your trading activity falls below the normal trading threshold. There’s no mention of what the normal trading threshold is, only that the company will determine it from time to time.
On the other hand, LimeFx’s proprietary platform may not be as popular or well-known as the established MetaTrader platforms. The registration limefx broker reviews process on the broker’s website is relatively straightforward. You are not the first and you likely won’t be the last.
If you’ve already traded with LimeFx and lost your money, we can help you recover it. Our team of experienced experts has helped many investors get their cash back. The support system puts a lot of effort into providing multilingual support, meeting and exceeding its clients’ expectations.
However flash above cannot compensate substantially for regulatory shortfalls. Even many seemingly satisfied initial experiences ultimately end with dissatisfied traders unable to withdraw funds. This frequency of withdrawal complaints hints at deeper underlying problems than isolated cases. Choosing brokers with many established, verified positive reviews gives higher confidence in legitimacy and quality of service. Specifically, LimeFx notes authorization from the Seychelles Financial Services Authority, but this license type often provides little true protection for traders. Jurisdictions like Seychelles are not held to the same comprehensive rules as major trading centers.
While it may lack innovation or standout features, it does provide all the necessary functions for managing one’s trading account. Users can view their balances, make deposits and withdrawals, access trading tools and resources, and monitor their trading activity. ReportScamBroker does not recommend traders to trade with this broker and your funds may not be safe with this broker and LimeFx review is negative. Instead look for regulated and reputed brokers who can really help in growing your investments. Based on the available information we have gathered about LimeFx, it appears that the broker may not be reliable and trustworthy.
Find a broker with a license from reputable authorities, such as FCA, ASIC, or CySEC, such as Go Markets, BlackBull Markets, and LimeFx. Based on the information provided on the broker’s website, LimeFx is registered in Seychelles with license number SD029. The latter is a widely known offshore jurisdiction that lacks comprehensive guidelines and regulations. Weighing all factors comprehensively shows LimeFx presents considerable red flags difficult to rationalize versus many regulated competitors. Offshore registration alone signals fewer obligations prioritizing consumer safety compared to top legal brokers.
The design lacks vibrancy and fails to leave a lasting impression. However, despite its uninspiring aesthetics, the website manages to provide all the essential information you would expect. It is worth noting that the website is available in multiple languages, catering to a broader audience. Create professional content with Canva, including presentations, catalogs, and more.
Click here to see how to check if a broker is safe and what to do if you encounter a scam broker. If you choose to trade with such a high-risk Forex broker, your funds and personal information will not be effectively protected. To sum up, I think LimeFx (Tradeco Limited) is not a safe enough forex broker. We use dedicated people and clever technology to safeguard our platform. 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.
The Financial Securities Authority (FSA) of Seychelles belongs to the Tier 3 group and that’s the official regulator of this broker. Since they are providing services outside of Seychelles, they should comply as well with the regulations of those countries where they operate. Let’s take a look at this detailed LimeFx review to see more.