Positions Emerge from Nowhere and Withdraw Issues: Indonesian IB Accusing Lime Fx of Fraud
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. Up to this point, Lime Fx has not provided a satisfactory resolution for the funds issue. In late 2014, Lime Fx’s 100% bonus tactic collapsed when the broker was unable to pay out for their aggressive bonus campaign. Global investors faced withdrawal problems, leading to failed negotiations.
After your account is set up, you can download the MT4 platform or use MT4 WebTrader to start trading. But she became a customer of Lime Fx Global Limited in respect of the accounts, not Lime Fx UK. Ms L later brought a complaint about the accounts to this service. I think “better regulation” is the only realistic answer that can help people and make it easier for CFD trading to survive for the long term. My opinion is that people who want to preserve freedom and broadly to prevent things from being made illegal should be in favour of effective regulation, not opposed to it.
The primary difference between live floating/live fixed trading accounts and the ECN/STP model is market execution. Real accounts use instant execution with re-quotes, whereas STP/ECN accounts use market execution, so no re-quotes are involved. Mobile users benefit from total trade management without having to sacrifice functionality.
How Do I Get Money Back From a Scammer?
- That is, this forex broker in fact can not be a scam and fraud.
- Whether you seek predictable fixed spreads or raw zero spreads with commission, Lime Fx offers transparent options, although spreads may widen under volatile or overnight conditions.
- Lime Fx also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.
- With high-risk leverage, a small sum controls a much bigger financial position.
- At its peak in 2014, the broker was a major leader in the industry with nearly a trillion dollars in annual turnover and hundreds of thousands of clients.
Millions of people worldwide use Android mobile devices and tablets, and Lime Fx offers its clients access to the MetaTrader 4 platform on these devices. With the Lime Fx MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing Lime Fx traders to stay on top of their trades and react quickly to changes in the market. With the Lime Fx MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps.
- Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.
- Autochartist on the Lime Fx platform is a powerful tool designed to help traders find trading opportunities quickly and easily.
- Lime Fx invites individuals and institutions to partner through its rewarding Introducing Broker, Affiliate, and White Label programs.
- By doing so, traders can trade with peace of mind, knowing that Lime Fx losses are limited to the funds available in your Lime Fx account when negative balance protection is in place.
- It is important to be aware of the potential for loss and to only invest what you can afford to lose.
Beginners and inexperienced traders must take the time to learn how to use the Lime Fx trading tools properly. Lime Fx has a demo account where you can trade over 200 financial assets with zero risk and no commitment. Beginner traders can use the advanced and easy-to-use trading platform with customizable accounts and learn how to trade a variety of instruments without any investment. A demo account allows you to test trading strategies and build confidence before trading in real time (Forex Trading Training). With 🇨🇾Lime Fx, you can access over 500 trading instruments, including CFDs on forex, shares, metals, indices, commodities, and futures.
Demo account is a great opportunity to practice strategies and become familiar with the platform with their demo account option. However, your respective banks or payment providers might charge you additional fees. You can receive your initial deposit via limefx the payment method initially used and then all excess funds (profits) will be sent to your bank account. The United States is one of the countries that is not accepted by Lime Fx. As per the U.S law, brokers regulated by CFTC are the only brokers allowed for the USA traders.
To view the Lime Fx payment options available, you limefx reviews can log into your Lime Fx member’s area. It’s important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn’t allow automated trading scripts such as Expert Advisors. Trading Centrals Alpha Generation Indicators can help Lime Fx traders better understand market trends and patterns, enabling them to make more informed trading decisions.
Finally, investors benefit from the latest features from Trading Central via the Client Portal as well as from trading widgets including a currency converter, a pip, margin and profit calculator. Traders can use the free MT4 download to install the platform on desktop devices, including Mac. Alternatively, you can trade directly through MetaTrader’s WebTrader.
However, if you’re looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. In addition, currency conversion fees may apply if the Lime Fx withdrawal and receiving currencies differ, adding to the overall transaction costs.
Mobile Application:
Lime Fx was set up in 2010 by a team of finance and software experts. Today, the company employs more than 450 people and has created a solid reputation as a trusted and reliable broker. Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide. Lime Fx is an online broker with its established operation in the EU, Australia (Best Forex Brokers Australia) and worldwide through its registered brand in Cyprus.
Immediately report any unauthorised account changes or suspicious contact to Lime Fx support. Lime Fx will never ask for sensitive information, money transfers, or contact you via Telegram or WhatsApp. Create a secure password and set up any necessary security features (like two-factor authentication) to protect your account. One specific case involved a customer (Ms L) who was allegedly told by Lime Fx UK that her account would be regulated by the UK Financial Conduct Authority (FCA). A few of you have already discussed this in another thread concerning brokers in Muntilpe jurisdiction and determining which jurisdiction your account will be in.
A few brokers actually require that you speak with a customer service representative to ensure that there is no misunderstanding. The brokers that automatically adds fund to your account without so much as an “asterisk” to warn you of the consequences are walking a very thin tightrope. These brokers are typically in far off jurisdictions where you would have no chance of pressing your legal rights, even if you could. The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose.
As part of our Lime Fx review, we review customer service options, response times and problem resolution effectiveness on the Lime Fx trading platform. Negative balance protection is important for traders using leverage on platforms like Lime Fx. In an unfavourable market move, leverage can result in a loss that exceeds the trader’s account balance, leaving them with a negative account balance.
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- Publicado en Forex Trading
Feb, 17, 2025
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