LimeFX scam see my proofs Your Forex Trading Forum

Needless to say I was charged 20€ for the withdrawal, fortunately I was able to cover all the expenses LimeFX caused with some profits I made trading. I decided to withdraw all funds and close the account saying that I would report the case to forexpeacearmy. As a Full time trader i can say that LimeFX Markets is a good ECN Forex broker and it has allowed me to do my trading with profits. I have made more profits with this broker so i would recommend them to anyone who wants to trade in the Forex markets.

  • There are 13+ Indices based on large companies from specific sectors.
  • There are two related strategies when talking about hedging forex pairs in this way.
  • Another thing that I found slightly confusing is that each trading account type has different.
  • For traders with programming skills, the MQL programming language allows for the creation of custom chart indicators and trading programs .
  • I like how an ECN model links different market participants including banks, centralized exchanges, brokers, companies and private investors.

While anonymous accounts are not allowed, demo accounts do exist and let you test the platform in a risk-free environment. Opening a demo account follows the same process as a regular account, or you can alternatively add a demo role to your wallet later. Just be aware that fees may be charged when using certain payment methods. To add or withdraw funds you just need to login to the LimeFX personal area and choose your desired funding method, amount and account. You are then redirected to the payment gateway selected to complete the transaction. They follow strict compliance whilst implementing the latest trading innovations and take a trader-oriented approach.

Got Scammed by LimeFX?

LimeFX AU is an ASIC regulated broker with an excellent reputation. Please note that we run A-book only and do not interfere with pricing coming from our LPs in any way. Indeed, our office is open 9am-5pm AEST Mon-Fri, Email ticket support also operates outside of office hours 24/7. At the moment, we don’t have live chat support, but there is a phone number you can call 24/7 in case you need any help. Please be professional to answer email promptly and timely manner. Get in touch with the Trading Desk if you have any doubts or issues with your trades.

Some renowned and advanced firms such as ROinvesting and 101inveting provide excellent features, research tools, advanced platforms and educational material in $100. LimeFX provides trading only in forex pairs, thus blocking all the paths for those traders who wish to trade in commodities, indices, stocks and cryptocurrencies. Also, the number of currency pairs available for trading is limited.

Forex regulation is therefore all about consumer protection. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. Please not that it is fully legal to offer to cover any fees to our clients and cannot be viewed as bribery.

  • The entire process of deposing and without funds is cumbersome and time-consuming.
  • Unlike other brokers where you have to manually configure MetaTrader, LimeFX tunes everything to match your needs from the very beginning.
  • We need concrete steps taken by LimeFX so traders dont have to worry about LP.
  • This micro account operates under the pure market maker model.

Generally, the platform is available in different versions which are suitable for any device or accessible as a WebTrader through the browser. And the last, payments can be processed via PaySafeCard or a newly established cryptocurrencies payment . On the flip side education section with trading videos or webinars are not so rick, beginners better look for other broker. With regard to trading commission, it’s one of the lowest in the industry, so your complaint seems unfair to us.

Expert trading for expert traders at LimeFX

It is recommended to sign up with LimeFX UK or FX Open AU Pty Ltd instead to benefit from FCA or ASIC regulatory protections. LimeFX, via LimeFX UK also offers MT4 WebTrader, which allows access to trading via a web browser with no need to download and use the MetaTrader application. This is typically for users who may have an unconventional or incompatible operating system on their computer or device. Complains about the response times of the platform have been raised, especially in the early days of the website. One of the most relevant cases that were brought to the public was an investor who was owed more than 70,000 USD, lost due to a failure in the LimeFX software. The case was finally solved with the broker agreeing to pay 70,000 USD to the customer, but it required the intervention of a high profile member of the LimeFX team.

As they said in their website it takes only 24 hours to process. Please note that withdrawals are available only Monday to Friday, and if you request a withdrawal on Friday evening, the soonest possible withdrawal time will be from Monday morning. All the requests are approved manually by Finance department. We would also like to stress that our offer still stands – commission free account for 6 months and reimbursement of all deposit related fees conversion fees included .

Moreover, the process of document verification is also time-consuming. Unlike most other forex review sites, Forex Scam Alerts does not receive financial compensation from LimeFX. As many other websites online, LimeFX has had to deal with DDoS attacks, being the on in 2011 the strongest to the date. Besides some minor downtimes, the platform has been successful fighting hackers.

This is a compensation fund to protect eligible clients for up to £50,000 in the event LimeFX UK cannot return money due to bankruptcy or something else. After doing some digging I found out that there is a long list of terms and conditions in order to be eligible for this compensation fund. But they let run the open trades until marginal call was reached. Today I lost everything when trades direction suddenly change while the same trades is win on other broker chart.

LimeFX cheating

The LimeFX can be considered in the scam list as there is nothing mentioned related to the license and regulation on the broker’s website. They have provided just one single line that “LimeFX is a member of the Financial Commission”. Neither they have mentioned the licence number nor uploaded the regulation certificate. How can one trust such a brokerage firm which has not taken any initiative to prove its authenticity. We suggest going through every single detail and following unbiased reviews about the broker before investing your money. LimeFX Markets Limited lacks enough regulatory oversight, which puts traders at risk.

Local phone numbers are offered in Russia, New Zealand, Germany, and France. Tickets to LimeFX’s sales, finance, trading desk and support departments are answered between 7am-16pm GMT on working days. Support are happy to answer your questions related to LimeFX’s products and services. There is a knowledge base on the website that covers many frequently asked questions which can save you from needing to contact support. The website displays a list of all the PAMM accounts available to follow which can be filtered according to your own preferences such as gain, drawdown and trading days. It is very important to emphasise that the PAMM results are historical and there is absolutely no guarantee of future performance.

However, I need to use the desktop platform as the web version cannot run expert advisors . All ECN participants have equal execution rights and transactions take place in a completely transparent environment. Each participant within the network can act as a liquidity provider. I use to Trade on LimeFX for almost 13+ Months , now i’m going to left this broker.. I put 2 Pending orders 25-pips away from the market price , just 1 minute before the news.. Trade result was -ve & The price didn’t touched the Price of Buy-Stop Order’s But They Opened my both orders..

They are a regulated ECN broker offering some of the best possible trading conditions with low spreads, fast trade execution and competitive commissions. The ECN account is the most popular, offering the best prices, spreads and execution speeds with access to an interbank liquidity pool. I like how an ECN model links different market participants including banks, centralized exchanges, brokers, companies and private investors. LimeFX’s price aggregating technology combines this liquidity to provide the best prices, real variable market spreads from just 0 pips and seamless order execution.

PAMM Accounts

LimeFX also provides the opportunity to open a free LimeFX Demo account. This allows you to trade and experience the real market conditions, without the risk of losing real money as you operate with virtual money. LimeFX is a true ECN broker, where trades are matched with the best available price on the Electronic Communication Network .

  • For example, using a forex calculator to view the GPB/USD pair would show how many US dollars it would take to buy one pound.
  • They are ridiculous having in mind they are supposed to be a forex broker.
  • Therefore, we do our best to make it up to our clients by offering the reimbursement of deposit charges.
  • So STP account is solely spread account with all costs inbuilt.
  • The exception is Skrill, which has a low maximum commission for withdrawals, but a higher % commission for deposits.

I lost many good opportunities for trading due to that desconnections. No matter if you’ve been trading for a short or long time, defining your success will help you to become an expert trader. Think about what you want to achieve from it and how you personally define success. Depending on the type of the brokerage house, different account types exist.

successful trader

Trading conditions are very good, with overall transaction costs being very low with LimeFX. Most important for new traders is that LimeFX offers demo accounts that do not expire, to allow time to practice and get profitable before risking real money. LimeFX is an established online trading broker founded by a group of traders in 2005.

Sell was the org side , but the opened the Buy order , which was almost 30 pips away from cmp.. Obviously we can’t prove it but the forum looks pretty limefx reviews objective and there’s not a lot censorship going on. LimeFX offers both MT4 and MT5 trading platforms, and the unique trading platform is TickTrader.

ZuluTrade is an automatic trading platform where you can get signals from other forex traders that you can copy to your trading account. I find this really helpful if you’re too busy to analyze the market yourself or you’re just a beginner. You can search and filter for signal providers based on your requirements. When you follow a signal provider, ZuluTrade will reproduce the provider’s trading strategy automatically in your MetaTrader account. Interestingly, back in 2009, LimeFX were amongst the first brokers to offer clients direct access to interbank liquidity with ECN trading through MT4.

In fact after reading that thread i had the courage to keep pressing them on this. This means they have taken no action to stop LP from fleecing customers even tho they had more than 6 months to do so. Please be advised, at that time one of our LP experienced some issues, and sent us “invalid quotes”. Moreover, each point of time ECN charts display the best ASK and BID prices, and the orders may be executed with slight difference. Trading is hard as it is without me having to worry about these ghost orders which can instantly eat up 10 npips or more.

This account has no limitations on trading styles allowing for scalping, news trading, automated high frequency trading , expert advisors and hedging. Precious metals based on gold and silver can be traded as can energies based on crude oil and natural gas. These instruments limefx website are often considered safe havens and used to diversfy portfolios. To start using ZuluTrade, you need to provide your name and LimeFX account number. They will then send LimeFX a signed Letter of Direction , authorising ZuluTrade to perform automatic trading in your account.

Moreover, the demo trading account offered by the broker is also inefficient. In the UK, LimeFX UK specifies that it acts as the counterparty to customer trades for all orders except ECN orders. As such, for non-ECN trades, customers are exposed to counterparty risk by LimeFX.