LimeFx is an offshore broker which lets you trade Forex, commodities and indices. Recently, the forex broker received a warning from the FCA. Untrustworthy brands and scams do exist in the world of online investing.

The company onboards customers without any authorization, running the fraud from offshore…. We are delighted to introduce daily market news videos to our limefx forex broker loyal clients. Rely on volatility with a growing list of hard and soft commodities. Trade 24/5 on Gold, Oil, and other natural or agricultural products.

LimeFx aka LimeFx.com – Scam and Fake DMCAs

The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders. The broker makes continuous calls to the traders and urges them to invest higher and higher amounts. Globe Invest Hub is an anonymous trading brokerage with no license. Often, brokers hide their headquarters to cover for the fact that they don’t follow…

Most of the reputed forex brokers I know offer MT5 or MT4 to their clients. That’s because these two platforms offer their customers with a ton of features you won’t find anywhere else. You will have access to helpful materials that will teach you more about financial markets and the instruments that are available. This is an important aspect as a little research will go a long way before embarking on a trading adventure. And LimeFx does seem to be upholding this end of the bargain well.

• The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy.
• I am about to start trading, have just downloaded their platform.
• This live chat is fantastic for resolving all kinds of issues and should have you back up and running ASAP.
• They also provide a variety of educational materials, such as webinars and videos.
• Gripeo is the leading social platform for consumers to share their experiences with businesses and other people.

So it is important to understand the ETF you’re buying before investing. Some ETFs use short selling or leverage to try and generate better returns. This also increases the risks involved in trading these ETFs. Trading ETFs has become popular because it combines the ease of stock trading with the diversification found in mutual funds. ETFs make it possible to speculate on the broader markets, such as the S&P 500. They can also be used in commodity trading, where using futures can be costly and require large upfront capital.

The gateway to trading and LimeFx wisdom

In each broker review, we pay attention to the details available to customers who are in access to the broker’s representative. We generally use direct communication directly with brokers, public opinion analysis, tests of demo and live accounts, and the precision of the prices chart. We were shocked at just how user-friendly and straightforward the trading experience was at LimeFx, despite having so many assets to choose from. When considering investing in the online trading market, it’s always worth noting how safe a brand is.

Traditional methods will naturally be deposited instantly and minimum requirements will vary, as per the details mentioned in the accounts section of our latest LimeFx review. At the time of conducting our latest research into LimeFx, we noted that five accounts were currently available for traders to choose between. The various perks of each of the five accounts have been detailed extensively below. Based on our latest LimeFx review, we would feel confident in suggesting that most traders will feel happy using the site and will find all relevant tabs within a few clicks. The overall site design is fairly basic; however, this is exactly what you need from a broker. All text is clear, easy to read, and kept simple, meaning nothing is ever lost in translation.

The regulator also posted a warning about the BDSwiss Markets broker, which has a license to offer LimeFx brokerage services issued for BDSwiss Holding Ltd and BDSwiss GmBH . However, BaFin’s list of warnings included a company based in Mauritius that was not authorized to offer LimeFx products in the European Economic Area. Since ETFs play on the range of markets, you’ll need a broker that offers trading in all those markets with good conditions. ETFs require knowing the markets well enough to determine when to enter and when to exit, and to know how each instrument will affect the other. LimeFx is aware of the ETFs’ special nature and helps you stay on top of the market, to use the price changes to your favour. LimeFx offers a range of popular ETFs to trade as CFDs, giving traders the ability to trade long or short with leverage of up to .

A clone of Acorn Management SA on the FINMA’s warning list

You will need to comply with the AML and KYC laws in Mauritius in order to get the ball rolling. The customer support of LimeFx is available 24/5 via email, live chat, and telephone calls. Their customer support is responsive and handles customers’ queries with ease. The safety of LimeFx is the result of a combination of various aspects. As we mentioned in our LimeFx review, the broker makes an effort to be as transparent as possible.

There are various payment platforms available that facilitate these. Throughout our LimeFx review, we found that you can choose debit card, credit card as well as e-wallets too. If you’re going to use the LimeFx crypto option, then you will need a crypto wallet to make it possible to move your money into your LimeFx account. With all of the accounts, it’s possible that you’ll be charged an inactivity fee if you don’t trade for a 1-year period.

LimeFx offers five different levels of accounts, which means there is something for nearly every type of trader. That gives plenty of options, however new traders might be a bit put off by the fact that the lowest level beginners account comes with a pretty steep $5,000 minimum deposit. There are five tiers of accounts, with the lowest tier Beginner account requiring a $5,000 minimum deposit.

How to get your lost money back from LimeFx?

If one of the most reputed regulators of the forex industry suspects LimeFx is a scam then you should stay away from them. It is possible to contact the LimeFx team any time of day or night. On the desktop website, simply look for the message icon where you can request to speak to an agent at any time. This live chat is fantastic for resolving all kinds of issues and should have you back up and running ASAP. They also provide an email address as well as a phone number.

Altogether, it’s apparent that LimeFx has its users’ well-being as a priority. The broker does not have information regarding banking options listed on its website. We felt that this was an oversight on their part as traders will want to know what methods they can use for deposits and withdrawals. They will also obviously want to know about any fees for deposits and withdrawals, and the timing for fund availability when deposits are made or withdrawals are processed. As the trading account grows each successive level becomes available, which also grants the trader additional features and benefits. Below you can see the features and how they increase with each successive account tier.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. Market prices are constantly kept up-to-date, meaning traders at LimeFx have great conditions to trade forex under. Our only gripe is that fees aren’t disclosed fully, as discussed above. When it comes to funding your LimeFx trading account, you can use Visa, Mastercard, e-wallets, or Bitcoin.

There are further undisclosed fees for swaps and rollovers. And on the subject of swaps, customers of Muslim faith can request an Islamic/swap-free account that will not incur any interest payments or allow you to benefit from them either. All funds held in your account are converted and kept as USD.

In this next section of our LimeFx review, we quickly noticed that fees would vary depending on the account type chosen. While this is fairly common across the online trading world, we would have liked to have access to more information before signing up and selecting https://limefx.vip/ our account. LimeFx was established in 2021 and is currently offering its users flexible leverage, plenty of tradable assets, and free educational resources. It’s a red flag when a broker has such a high minimum deposit because it increases your financial risk.

There’s a 1-3 pip spread on majors and as we mentioned, the max leverage is set at 400. The most basic account option available at LimeFx is the Beginners account. With this, you will need to deposit a minimum of $5,000 to begin trading.