Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun. In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own. Each trader needs to assess if a broker can and should be trusted, being regulated is not always good enough. According to this LimeFx review, potential traders are urged to the utmost caution when considering LimeFx; too many things are off, and this should be taken into consideration.
One of the most striking differences between Global.LimeFx and other brokers is that Global.LimeFx gives open access to the complaint form. This way we can understand that this broker is open to receive criticism on its services, while its core task is to design outstanding value for the traders. Live Chat is available plus Global.LimeFx operators are ready to sort out your doubts via phone and email. When it comes to actually trading with Global.LimeFx, the broker lets you access the world’s most widespread and the most awarded piece of technology – MetaTrader 4. Global.LimeFx MT4 was one of the first platforms that were launched for the web platform.
With respect to its broker model, as it operates using an Electronic Communication Network and Straight Through Processing . This means your orders get sent straight through to the market for execution without the broker taking any action that can introduce errors. I have been trying to transfer money to them for a month from Tangerine . ITrade says this poor service is caused by covid but the long waits and poor service started long before covid. No fee to sell the identified ETF’s if held for the minimum one business day period.
The Trustpilot Experience
Therefore, both experienced and beginner traders can make use of the Global.LimeFx platform without spending too much money. With these trading platforms come various tools that complement the overall experience. Global.LimeFx offers the Economic Calendar, as well as calculations for swaps, spreads, and other trading-related features. In short, software support on Global.LimeFx is on par with its other premium offerings. Global.LimeFx withdrawals and deposits are powered by both traditional and alternative financial platforms. This ensures that traders can use whatever platform they want to deposit/withdraw funds to/from their Global.LimeFx account.
The broker doesn’t reference on its website how they are passed to clients, which is notably missing. The broker does mention swap rates, which implies that both positive and negative swap rates are transferred onto traders. In this review, we will discuss why LimeFx’s license was suspended, and delve into its past. We will also outline whether the fees, support, and services provided by LimeFx are enough to overcome this lack of regulation.
At whatever point you are in question about any dealer, the best practice is to let the asset recuperation experts help you. They are capable experts with the ability and instruments to detect a con artist and get your assets back. Read the LimeFx review to know about the warning signs of LimeFx scams, and how to save yourself from scams like Forex scams Binary Scams, Cryptocurrency scams, LimeFx scams, Romance Scams, etc. The wide range of stock and trading opportunities suggests that LimeFx knows what it is doing, especially when it comes to providing one of the biggest selections of brokers out there.
Global LimeFx Forex Broker Broker Review
The presentation is proper, which was a surprise given the failures by LimeFx so far. This section represents the best one this broker offers and it is functioning as intended. Provides its clients with three standard contact options on its website that you can use to make general enquiries and obtain technical support when you have an issue. These options include a toll-free telephone number or a phone number you can call from abroad, an email address and a snail mail address. The broker also offers support for the popular and straightforward — yet surprisingly sophisticated — MT4 platform that was developed by MetaQuotes and remains available for download without charge from its website. In addition to its desktop software format, MT4 provides versions for use with both iOS and android mobile devices, as well as with Internet browsers.
Since services offered by LimeFx are severely limited, it is no surprise that customer support is limited as well. Support hours are listed as Monday through Friday, 7 am to 7 pm GMT; most brokers offer 24/5 support, and this is not even close. Clients can contact support either by calling or sending an e-mail. An available FAQ section follows the same disappointing execution this review grew accustomed to, some questions are answered in one word or a short sentence.
Withdrawals have always been quick, I didn’t notice any hidden fees or charges so far, so overall I’m really satisfied with my trading experience. Another great advantage of LimeFx is their customer-oriented and supportive business model while you can always find answers to your questions through online chat, social media, email or calls. Moreover, LimeFx’s Academy center pays attention to their traders’ knowledge and offer to become familiar with the basic and deep tenets of financial trading. Mobile trading developed by the broker also, which allows you to gain access free of charge and enjoy full control under the account, LimeFx monitor and trades openings. You can also receive the latest reports on the market, analysis and updates straight to the phone.
- Schwab.com is an entry-level web-based platform that helps to track the portfolio, monitor the market, find trade ideas, and place trades.
- Bonuses are offered for customers of LimeFx when trading or depositing funds.
- If you have already put your money with them and felt you are scammed, then you also have an option to recover your lost money from the LimeFx scam.
MT4, can be used for mobile trading on iPhone, iPad, Multi-Terminal and on all Android devices. In light of all the myriad benefits, Global.LimeFx has developed a comprehensive and thoughtful platform that can cater to the needs of traders hailing from all experience levels. Based in Belize, Global.LimeFx first opened its doors in 2012 to serve traders at an international level. With a focus on bridging technology with trading alongside helpful educational resources, Global.LimeFx manages to deliver a thoughtful blend of services for investors seeking access to global financial markets. Our review of the Forex / CFD broker LimeFx shows that they offer investors the classicMetaTrader4 trading platform.
Review of Global.LimeFx’s tradable Assets
Fixed-income asset trades placed online cost $1 per $1,000 of face value. Scotia iTrade was the first bank-owned brokerage in Canada to offer self-directed investors access to sustainable investing tools. Compared to its peers, customer service of Vanguard is very satisfactory.
The advanced trading platform and tools cater to active traders and high-net-worth investors. This Scotia iTrade review covers its account offerings, trading platforms, fees, pros and cons, and alternatives. For stock trading, it charges $7 for the first 25 trades per year, if the https://limefx.name/ invested asset is under $50,000, and after that $20. Vanguard offers free ETF trading and also provides free trading in Vanguard funds as well as 3,000 other funds. After pursuing this review and reading other negative LimeFx reviews, it is clear that this broker is a scam.
It provides 24/5 customer service through phone, and they support their clients through email as well. There is no live chat option available with Vanguard customer service. Above this, the clients of Merrill get in-person assistance through the various branches of Bank of America.
What is LimeFx? 📚
Please note that we cannot provide information or comment to a third party person on behalf of another customer due to us being a regulated company. There are four categories limefx official site in the research section that are positioned across the site. These contain the financial calculators, the economic calendar, a daily review, and a market summary.
Join Our Newsletter!
Thanks to the Cyprus Securities and Exchange Commission , LimeFx is able to position itself as one of the safest brokers out there when it comes to its European operations, alongside its rivals in the same space. This review of LimeFx shows that if you want to pay the more traditional way, using a credit or debit card, then this is going to be fine – unless you do not have either Visa or Mastercard. For Maestro or Amex, it might be a bit more challenging, and in which case you will need to opt for a wire or bank transfer.
For this reason I am giving this broker a Minimum Deposit score of 3/5. Some Forex brokers offer their own custom trading platforms for order processing and research, but many provide order access through integrated trading and research programs. LimeFx provides everything that trader needs to be profitable – a lot of assets, education, tight spreads, regulations and fight withdrawals. It’s my the second brokerage and it’s better than my first one in all regards.
There is an Asset Index where the minimum spread is listed but it should be noted that the actual spreads could be higher than what’s listed. In March 2019, CySEC reached a settlement with Hoch Capital Ltd. where the firm made a $20,000 settlement regarding a compliance investigation the Cypriot regulator had begun. Though the details were not made public, they were surrounding the information it was giving to clients, as well as the general conduct of its LimeFx activities.
These two accounts are different, though, in terms of maximum leverage and maximum spreads. Overall, the LimeFx broker offers powerful technical options to trade, along with automatic trading solutions that can be considered by many traders, as well the beginner traders. The variety of trading accounts brings possibilities to choose the most convenient conditions to you needs and strategy you use which is a good plus. Many fraud forex brokers or other scam brokers are working under fake organization names or other deceitful activities. A fundamental examination can go far in securing you and your accounts. Managing financial firms approved or enrolled by legal authorities gives you more prominent assurance assuming things turn out badly.
However, a series of issues with both CySEC and the FCA led to the company renouncing its license and abandoning its CySEC registration. They are now an unregulated broker and also do not have any authorization to provide financial services within the European Union. ScamBroker.com is a broker reviews website, and does not offer any investing advice or service. Nothing on this website should be considered a recommendation or endorsement. We are not responsible for any losses you may incur, by investing with a company mentioned on this website.
Write a comment: