There’s no denying that many of the influencers advertising Lime Fx have either no experience trading forex or are most likely unsuccessful traders. What further he mentions is Lime Fx being such a big brand caught him off guard. Lime Fx allegedly unfairly accuses him of bad trading when he trades profitably. For instance, Lime Fx finds a justification to trade against their restrictions for each profitable trade. He is hoping that Lime Fx will change and give him back his $5327 profit. Furthermore to this, some of the platforms like Sitejabber do not recommend users to invest in Lime Fx due to its low rating and irresponsible service team.
How a Pune investor’s complaint blew lid off ‘Rs 900-cr’ fraud linked to Lime Fx forex trading platform
Considering all that advanced functionality and the high rating of all apps, this may hardly be a scam broker aimed at one-time gains. Nevertheless, some people on the internet still consider Lime Fx a scam. Let’s dive deeper to make it clear whether it’s true or not. Lime Fx is a secure trading platform with competitive spreads and no hidden fees. Lastly, we must remember XTB as another alternative, best if you are looking for a broker which has been on the market for close to twenty years now. The company has offices in more than 13 countries, including UK, Germany, France, and Chile.
- If you want to gain a transparent trading experience, create an account with Lime Fx Broker.
- The next step involves submitting identification documents for Lime Fx account validation and making a deposit.
- The texts on this page are not are not investment recommendations.
- Also, Lime Fx helps to guess the speculation about their increasing rate.
- You can use a free demo account to evaluate the platform first before depositing.
The Lime Fx promoters established a payment aggregator named Dinero Payment Services which pooled in money from investors who were putting in money through payment wallets. Lured by the promise of doubling or even tripling his money, Pinjan pledged his gold and redeemed his investments in Life Insurance Corporation of India to invest Rs 8 lakh in a foreign exchange application. Cryptoasset investing is highly volatile and unregulated in some EU countries. Between 74-89% of retail investor accounts lose money when trading CFDs.
- Therefore, it is doubtful that the ‘Lime Fx scam’ is a correct evaluation of its activities.
- 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.
- According to the ED, the forex trading platform manipulated trade activities, inducing huge losses for Indian investors.
- We’re glad to hear you’re enjoying our tight spreads and the speed of our deposit and withdrawal process, as it means a lot to us.We also appreciate your suggestion regarding lowering the minimum deposit.
India, EU to kick off next round of free trade talks in Delhi on Monday
Once completed, Lime Fx users can download the trading platform of their choice. Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.
Lime Fx Metatrader Mobile Application Features
In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Lime Fx ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. Lime Fx MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools. Besides the ability to trade Forex and CFDs, Lime Fx MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices.
Trading simple through Lime Fx ..great…
This extremely low number suggests Malaysian investors simply lack opportunities and options for investing in the international financial markets. Nevertheless, The Securities Commission and Bank Negara are quick to add international brokers to their alert lists. The absence of a licence, however, only affects certain advertising aspects of the brokers’ work, as they can still legally accept clients from Malaysia.
But first of all, you can not pay out the bonus, you can only use it to make more profit. For withdrawal of the bonus, you have to do a certain turnover in trading volume (The bonus amount in lots divided 2). For trading with real money, you will need to verify your account. That means Lime Fx will require some documents to verify your identity.
But they always take the time to explain things in https://limefx.group/ simple terms I understand. As a new trader, I’m always keen to keep my costs down while I’m learning the ropes. Excess fees can really eat into your trading capital when you’re just starting out. My only wish is that Lime Fx offered PayPal withdrawals globally.
Every broker has to meet certain rules and criteria to get this government license. If a broker violates the rules or attempts to commit fraud, the license will be permanently revoked. The Lime Fx broker, for a long time in European countries, has been providing services to traders in more than 100 countries. You might be surprised, the company is currently serving more than 1,500,000 limefx website traders. Here, according to the ECN (electronic communication network) model, the platforms can be selected.
As a Forex broker, Lime Fx is distinguished by some of the most appealing trading conditions in the market, with no swaps and the lowest spreads in the industry. The broker also offers a copy trading option, which allows copying professional traders’ actions and thus learning to trade and making additional income simultaneously. On top of that, there is a dedicated mobile app for this—the Lime Fx Copytrading App. Yes, Lime Fx is a broker which offers negative balance protection to its clients. This way, you will never risk more than your deposited amount in your trading account. If your account balance goes negative, for example, due to significant economical events, your account balance will reset to zero automatically.
Your success is what motivates us to keep improving every day.If you ever need assistance or want to explore more features, don’t hesitate to reach out — we’re always here to help! Please note that during periods of high market volatility, such as major news releases, spreads can temporarily widen due to lower liquidity and rapid price fluctuations across the market. This is a common practice in the industry and helps ensure fair execution of trades.We truly value your input and are always working to offer the most competitive and transparent trading conditions. If you have any further questions or concerns, feel free to reach out to our support team anytime.Kind regards,Lime Fx Rep. Primarily they are known as a Forex broker that offers a variety of trading instruments, including currency pairs, indices, commodities, and cryptocurrencies.
With STP execution on the Lime Fx platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing. Lime Fx MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi.You should upgrade the iOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability.Lime Fx MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.
In other words, Lime Fx leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Lime Fx trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.
Tips for identifying Forex trading scams
Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time.
The ED has charged Prozorov and 53 others in a special court. According to the UK government’s company directory, Pavel Prozorov lives in Spain, and his company registered in the UK, by the name Lime Fx Markets UK LTD has a dissolved-company status. Whether you live in India or overseas, you can take a paid subscription by clicking here.
We’ll keep working to bring you even more opportunities and a rewarding experience.Wishing you continued success and happy trading! Companies on Trustpilot can’t offer incentives or pay to hide any reviews. As with any broker, there are some advantages and disadvantages to trading with Lime Fx. You only pay the built-in spread, which starts from 0.9 points on certain stocks. Lime Fx cautions clients to be wary of scam artists and to take into account the following security recommendations. Lime Fx has noticed an increase in the number of fraudulent activities that illegally attempt to utilize the brand to swindle Nigerians, primarily through WhatsApp channels.
Reviewing Lime Fx terms and conditions to understand the commission fees and any other charges that may apply is essential. Lime Fx is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of Lime Fx going into insolvency. Lime Fx compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Lime Fx to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for Lime Fx traders. Trading online with Lime Fx requires an understanding of what you are doing.
