Revealing Scams By LimeFX

A broker that claims to have 100% customer satisfaction is lying about its services. A trader who is losing will not post a positive review for the broker. If there are no negative reviews about the broker, it is clear that no trader is losing money. It is found by many of the platforms that the reviews of LimeFX are from the same IP address as that of the account managers of the broker. It is not appreciable and is a cheap step of marketing adopted by the broker.

is LimeFX a Scam

A single email-id can delay the response to customer’s inquiry. The most important point is the absence of the around the clock support to traders. There should not be any delay in handling any support request of traders. The sugar-coated reviews about LimeFX hint at their deception. Any company from service, IT, or manufacturing cannot guarantee 100% customer satisfaction. The brokerage industry is very dynamic and volatile.

And there was only a gap because the opening hour of the LimeFX server, wich is not the real open of the market. In fact they could open their servers on the hours that will be most profitable. Trade with a US-friendly Forex broker on advanced platforms for LimeFX review – Scam or legit forex broker? free. When it comes to spreads, we’re seeing a completely different picture. There’s nothing special or mind-blowing with a 2-pip spread condition. It means that the broker is taking a huge chunk of your profits and only leaves a small portion to you.

LimeFX should strive to maintain high-quality content on their Facebook and Twitter accounts. Pipbear.com is a blog website dedicated to financial markets and online trading. Please note that trading, especially margin Wall Street reform trading contains high risks of losing a deposit. These products may not be suitable for everyone and you should ensure that you understand the risks involved. To contact the author please use the email address below.

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LimeFX mentions in its terms and conditions that all the payment methods are not free of cost and they bear the equivalent fee. The broker at its sole-discretion charges this fee from traders. There are no details of the fee in the client’s agreement.

It is double than the minimum initial investment of $50 by regulated brokers. Their leverages and spreads are different on different trading platforms. In any case, the spread is not near to 0 pips, which is an ideal condition for trading.

All the regulated brokers treat customer service as a priority. The happier are the customers, the greater are the benefits. There must be a provision of dedicated phone numbers for technical support such as account-related services-related support. The calls related to the technical issues need special attention as these are from their existing clients.

  • When opening the website in Google Chrome, it’ll only load a small section while the rest of it will simply be gone.
  • If the broker is 100% sure about its ethical services to the customers, then there is no need for posting fake reviews on the internet.
  • The broker at its sole-discretion charges this fee from traders.
  • To contact the author please use the email address below.
  • Their online reputation is one of the deciding factors in the customer base of the company.

Therefore, if you were to lose $20 with your own funds, you’d lose $800 if you had opened a leveraged position on Grand LimeFX. What the broker fails to point out is the dangerous nature of this tool, the reason why we’re suspicious of the Grand LimeFX fraud. Yet the presence of proprietary WebTrader and desktop program makes us believe that the broker wants this anonymity to plant scams into the software.

The GrandLimeFX Review

Their online reputation is one of the deciding factors in the customer base of the company. The list of negative reviews puts the broker into a bad light. The customers share all the experiences related to trading, live accounts on the platform. The help offered by the company in addressing the grievance is well noted by traders. The response time along with the quality of the help adds to the success of the trader. Traders thus highlight all these positives of the broker.

When the contract can be modified at any time by the broker, there is no security to the trader. When entering the Forex market, it is imperative to find a credible broker whom you can entrust your funds and trade safely. In the current financial world of scams and Ponzi schemes, it is especially important to make the right decision. Browse other questions tagged foreign-exchange broker fraud scams online-brokerage or ask your own question. I love this broker even sometimes I get some re-quotes. I still can manage making good money especially during US time session.

If the price moved in my favour during the interval, i.e there was no worse tick I could have bought, the requote appeared. The same if the worst tick was further then the allowed 3 pips. Stay up to date with the financial markets everywhere you go. You see, St. Vincent and the Grenadines isn’t a strong country with political or economic prowess. In fact, a small-time Caribbean island is a popular place where lots of financial companies are migrating.

Charging dormant fees after 6 months of inactivity is not genuine. It is not appreciable as most of the regulated brokers charge their dormant fee after inactivity of months. LimeFX’s fee is set to $15 plus $5 as a monthly fee.

Weak Educational Platform

The broker can increase the business unexpectedly just by using social media tools effectively. Their good services are automatically passed on to other traders through references. Thus, there should not be any mistake in using social media accounts properly. There is no alternative for having a strong social media presence.

is LimeFX a Scam

In the case of Grand LimeFX Forex broker, we’re greeted with an SVGFSA license from St. Vincent and the Grenadines. The Financial Services Authority of the country is the main financial regulator, being responsible for a safe and stable best brokers for forex trading financial environment. However, by conducting research and really looking into these offerings, it’s impossible not to detect some rifts and flaws in them. And that’s exactly what we’re going to do now with this Grand LimeFX review.

Yet everything we’ve seen above are just too much to dissipate with one decent offering. First things first, let’s begin our review with the license. It is a single most important aspect of any broker review that helps us uncover the real face of a broker. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. “forex is a good way to earn a little extra money.” So I was looking for some extra income and think forex is a good way to earn a little extra money.

The leverage ratio calls for verification before starting with the actual investments. In adverse cases, the negative reviews of a broker, on the other hand, lists out the company from the details of the upcoming brokers. A trader who sees the details of the bad services of a broker will not choose that broker for any type of association.

High Loss Percentage

There is no specialized care to the Twitter account as compared to Facebook. Contrary to their claims, the followers of their Twitter account are very few. LimeFX posts on its Twitter account after intervals of 2-3 days. The delay in updates on social media leads to a lack of passing of good information to traders at the proper time. The lack of regularity on the Twitter accounts hints at their self-centered policies.

LimeFX: Stay Clear Of This Broker

LimeFX is one of those brokers that have multiple fake positive reviews posted by their employees. They post these reviews on social media and other platforms to increase the online reputation of their employer. Traders lose all the powers of registering a complaint against any fraudulent activity of LimeFX under the supervising authority. It disheartens the trader from taking any action to save his money. In addition to this, there is the withdrawal of the benefits of the fund’s compensation policy. The fund’s compensation policy saves the trader from the loss of funds in case the broker went bankrupt.

Sadly, there is no provision of different trading techniques to the traders of LimeFX. It is good for a broker to provide various payment options to traders. But the most important point is that all the options should be significant to the use of traders. A vague list of the payment options is of no benefit to the trader. They should have the choice to choose the best payment partner based on the services and the cost of association.

I believe that some time pending orders are best to use instead of market order because of the fast movement of the market price. I use the LimeFX broker, about re-quotes its quite common with 5digit brokerages as price move fast in these type, so you have to set deviation to 2pips so u dont get requote. Withdrawals are okay, i get paypal in 1hour of request. The only problem is they do not support microlots which is common in every brokers.

This should depend on the claims of traders not on the claims of the broker. I have not heard of any company that speaks badly about itself. Traders should stay away from their high claims and fake awards. The professional investors are already aware of the fact that it is the services that are the torchbearer of the quality and rank of the brokers. There is no provision of algorithmic trading or expert advisors on the various trading platforms used by the broker. The only requirement is the provision of proper services on that platform.

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