LimeFx scam: Original LimeFx Review

The homepage of Legacy FX offers an easy route to starting trading. It has a clearly marked ‘Open Real Account’ button, which is the starting point for those looking to sign up and trade on a cash basis. Next to it is an ‘Open Demo Account’ option for those who want to start off trading virtually. With that being said, the broker cannot allow all traders from the EEA. Also, traders from the US and Canada are not accepted either.

The silver account which is the basic trading for beginners has the minimum deposit of $500n with the option of fix spread of 1.6 pips. The Gold account on the other hand has a minimum deposit of $5,000 with the option of a fixed spread of 1pips. The Platinum account which is for experienced investors has a minimum deposit lime fx of $25,000 with the option of a fixed spread of 0.6 pips. LimeFx has designed three types of accounts which include; Silver, Gold, and Platinum. While each account has its own trading strategy, they are all created in a way that different level of traders can find their way in trading without any difficulty.

We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. On surfing the internet or social media sites you will find many negative LimeFx reviews and complaints of withdrawals of LimeFx brokers. We also examined and scrutinized LimeFx broker online and other scam features, and hence included this broker in our list of scam brokers 2022. We always have a detailed investigative approach to accessing brokers and their reputations.

Well, it was sleepless nights and the weekends was very nervous cause the markets would open up or down and it was always BAD, stay away…. Once a withdrawal request is submitted, it can take up to 3 business days to process the request. After the request has been approved, it will take additional 5-7 days for funds to appear in your account. Fixed spreads are around 3 pips for EUR/USD with the Silver account. On long-term positions, negative balance protection, and client funds are separate from LimeFx’s funds.

When you make the first deposit, they will even tell you that the first 5 trades are protected. Save your money, they will take every penny you invest with them. We were appointed to Steven we were told, my investors and I invested over $500K they lost everything and we never got one penny of a with drawl. It appears to be one of the industry’s most promising brokers, established itself as a leader in the retail sector in recent years. Trade Forex and CFDs with the MetaTrader 5 web platform without installing or downloading any software application.

The broker doesn’t even share any information about its staff on its website. What makes the broker more suspicious is that they share free stock pictures as staff members on its website which we are already working on to be taken down. These things show how fake and untrustworthy the broker is and how unsafe your LimeFxs are. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Yet, last year, this same company opened an entity registered under An All New LimeFxs Ltd in Vanuatu.

Deposits and Withdrawals

So, we concluded that we could undertake a different approach. We decided to focus on a service tailored towards trading education. All our clients, whose accounts comply with the required rules for an ‘active’ account, receive educational sessions from our team of professional and experienced Senior Account Managers. This way traders could make their own trading decisions and have understanding as to how to read the market and to react to its unpredictable movements. However, the broker is regulated by the VFSC which does not provide as strong protection to traders as 1st tier regulatory bodies .

• Instead, this company earns from the spread of the traded asset.
• LimeFx accepts deposits via bank wire transfer, Mastercard and Visa credit card, Neteller, Skrill, VLoad, and Bitcoin.
• Regardless of the account type, all users are provided with a competitive conditions and services to trade.
• LimeFx since its establishment in 2017 has been a multi-asset trading company that works as a broker for Forex and offer Contract for Difference trade of gold, cryptocurrencies, stock, indices, and oil.

The hard sell is a substitute for a quality product.The only way I can get some revenge is to post my message here. They will recommend you certain trades, apparently with high potential. When those positions go to negative, they will tell you that it is the market volatility. Main tool and a very powerful one in the LimeFx business strategy is – education, which attracts new traders and gives a great opportunity for both parties. Typically processes and confirms withdrawal within 3 business days.

Account Types

Clearly, we hope that all our clients are successful, and it is one of our fundamental values to provide you with the best resources contributing to Your trading. Our dedicated professionals will give you all the needed attention and answer all your questions regarding trading, how to use the platform, conditions, and technicalities. Additionally, our representatives will grant you access and explain how to read the analysis of the Trading central – implemented on our webpage. The financial market is one big vast ocean full of opportunities.

If you are making withdrawals through your bank cards, LimeFx does not charge any fee. This review contains a detailed assessment of LimeFx, its legitimacy, trade view, and other distinctive features that plays a huge role in your trading journey. At the end of this article, it will be proven beyond doubt that LimeFx is a trusted broker to trade with.

The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums. Those funding via Credit Card need to provide a photocopy of the front and back of the card, showing the last four digits on the front and the first four digits on the back. The minimum deposit amount is $500 for the Silver account, while for the Platinum account the minimum is $50,000. The ways of adding funds to a Legacy FX account are fast and cost-effective. The process starts by clicking on the payment button at the top of the WebTrader platform, or the Trader Toolbar sidebar on the Legacy FX web page.

Company activitySee all

Trading requires a lot of work but you gain more profit with LimeFx. This LimeFx broker review is a comprehensive analysis of LimeFx as a broker. The downside to this particular broker is their deposit requirements. Compared to other companies, LimeFx’s minimum deposit for any of their accounts are very high, starting at $500 and reaching up to more than $50,000. LimeFx has been around since 2012, but they only rebranded their company and started offering their services all over the world in the year 2017. This doesn’t mean they only set foot in the trading scene in 2017.

I wrote in to complain and after threatening legal action, they assigned me to a senior trader, who was head of compliance. As a form of settlement, they gave me 1k GBP and the idea was that the senior trader would help replace lost equity and regain their trust. It worked well for a month – and slowly I began to develop trust with the senior trader.

The functionality of the site made setting up a profile simple to do, with the standard questions about employment status and source of funds being easy to navigate. The maximum leverage of the Gold package remains the same, and all the possible incentives and features are part of the “VIP” package. To get such mouth-watering trading conditions, though, traders need to be ready to spend up to $25,000. Other educational features include extensive courses for beginners and professional traders, market research on stocks, cryptocurrencies, and other commodities.

LimeFx uses Meta Trader 5 or MT5 as their trading software. It is one of the value trading software in the financial market but also is exploited ruthlessly by scammers. LimeFx also delivers a number of payment options such as debit cards, credit cards, bank wire transfers, as well as e-wallets such as Trustly and Neteller.

What Is the LimeFx Minimum Deposit?

LimeFx has created something it can build on here, but is still far behind the best brokers in this category. LimeFx does make the Autochartist plugin available, but otherwise there are no notable add-ons to help LimeFx stand out from amongst the best MetaTrader brokers. Yes, LimeFx offers a Demo account to test their platform. However, investing in virtual and real funds cannot be compared. LimeFx is an online Forex and CFD trading provider regulated in Cyprus and Vanuatu. Since the firm operates offshore, if you have any issues, let us know.

Plus, traders can freely install their technical indicators, acquired from other third-party creators. Much more, traders can even generate their own technical indicators via the platform. The MT5 is, without doubt, the world’s most cutting-edge trading platform and it represents a significant upgrade on the MT4 platform. It also offers features that cannot be contested that most of its competitors. The platform provided to Legacy FX clients is the ever-popular MetaTrader MT5. As this software is offered under license by a third-party , it’s necessary to complete some additional online paperwork and accept a Terms of Service agreement.

While traders are also allowed access to marketing tools provided by LimeFx, they can also earn from flexible commission structures like CPA, the share of revenue, or hybrid deals. LimeFx provides a referral link that allows you to refer your friends to trade with them. You will be given a commission based on what your referred friends trade with LimeFx. Also, you will be given the chance to choose from the revenue share plans to get a commission on all the executed trades of your referral. This broker provides traders with a good trading condition that has remained unmatched in the exchange market. LimeFx provides its users trading features like the popular MetaTrader 5 among many others.

All the necessary information concerning deposit and withdrawal methods will be discussed in the review. You will also get to know how to make use of the trading platforms which can be accessed on the web, desktop, and mobile. Perhaps you are interested in trading and you need limefx a trusted amazing to give you an amazing trading experience. Also, trading with LimeFx is best because it offers distinctive features which enhance trade and enables traders to earn and build their portfolios. LimeFx has a wide range of both basic and advanced tools.

Although the broker is not regulated by the local regulator, traders from South Africa can still register under the broker’s international entities and get exposure to the broker’s proposal. SmartContractsAtMintonBlock does not recommend investors to trade with this broker and your funds may not be safe with this broker. Despite what any LimeFx.eu review has told you, LimeFx.eu https://limefx.vip/ is a suspected scam. The broker makes continuous calls to the traders and urge them to invest higher and higher amounts. The scam broker may operate in many countries without the regulation required by the reputable regulation authority in its country like FSMA, FCA, CySec, ASIC and so on. But regulation is definitely not the only reason for calling this broker a scam.

LimeFx provides traders with video tutorials, trading platform guide, eBooks on finance to increase the insight of traders, webinars, economic calendars, trading tools, and market news. Most broker platform does not provide users with deposit and withdrawal options. The level of experience of every trader is considered through the types of accounts available on a broker platform.

More info about trading scams:

In addition, publishing its average spread data each month and improving its research and education offerings would help bring LimeFx closer to the industry average. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Many investors/traders feel that it is impossible to get their money back from these fraud/scam brokers. Many victims feel they are alone, be assured you are not alone; the scam broker has scammed many innocent investors and disappeared into thin air. He has scammed people in the past, is presently scamming, and will continue his activity in the future.