Their small advantages, such as tighter spreads, are the primary distinctions between them. The CENT account, which is specified in cryptos rather than in fiat money, is another source of distinction. Additionally, reports from users suggest that the withdrawal process with Lime Fx may be cumbersome, with delays and unexplained hold-ups.
Lime Fx Review – Important Facts About This Offshore Scam
Based limefx website on the broker information on the FxGecko app, I believe there are at least 5 significant high-risk signals for Lime Fx (Tradeco Limited) as follows. Read the article on how you can recover money from a cryptocurrency and bitcoin scam. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Seems to be well regulated but i need some time here. Find out more about how to protect yourself from scams.
Lime Fx’s Reviews
- While regulation alone does not determine a scam, it is an essential factor to consider.
- The broker offers both the MT4 (MetaTrader 4) and Lime Fx trading platforms.
- Conducting thorough research before selecting a brokerage platform is crucial for a secure trading experience.
- Clearly, that it was a further scam, it was evidently deduced from the fact that this sum of money could not be deducted from the capital earned as a further payment must necessarily be paid by our client.
Numerous users have reported dissatisfaction with the platform, citing issues such as delayed withdrawals, unresponsive customer support, and unexpected fees. Lime Fx offers an extensive bonus program for its clients. Traders have the opportunity to benefit from various types of bonuses, including a 20% deposit bonus, a 40% take off bonus, and a 100% supercharger bonus.
Lime Fx Trading Conditions
- However, the full-featured mobile version is only partially supported.
- They cannot provide any details regarding their regulations and registrations.
- Lime Fx is also active on social media, but among all, Instagram is the only popular platform with more than 5,000 followers.
- A regulated broker can provide you with security, proper education about trading, and stable trading conditions without a doubt.
I accept the website agreement on the processing of personal data. Assessing the safety of Lime Fx requires careful consideration. Aside from the trading conditions, it is essential to delve into some crucial aspects to determine whether choosing Lime Fx for collaboration is worthwhile. Quickly compare vetted accounts to see which providers are most appropriate for you. Finding contact details for Lime Fx is not that easy. The “contact” section does not include them, except for a feedback form.
Contact your bank or credit card company to report any unauthorized transactions. Additionally, report the incident to relevant financial authorities and regulatory bodies. Seeking legal advice may also be necessary to explore potential avenues for recovering lost funds. To open any of these accounts, you must have at least $200.
All Info About Accounts
Traders can access a variety of indicators, expert advisors, and customizable charts, making it suitable for both beginner and experienced traders. We identified keywords that indicate that the company may offer very high-risk financial services, meaning services that may offer a high return; but also a high likelihood of losing (all) your money. There are no financial services that can guarantee you a high income or offer investments without risks. With high potential revenues from investments always come a high likelihood of losing all your money.
We still need to check how long the platform has been in the market, whether it holds any licenses, and what it really represents. It’s good that there’s at least a demo account and a cent account, but this still doesn’t eliminate the feeling that the trading conditions at Lime Fx are far from transparent and clear. Yes, you can try it on a demo account, but real trading requires more clarity. In general, the conditions are a mix of mediocre and veiled.
There are many companies that mask their scam activities under the facade of real investment projects. Our articles and reviews can help any potential investor to avoid scam in the world of global finances. Lime Fx provides extra services regardless of the trading account.
To classify regulators, you have multiple tiers. The Financial Securities Authority (FSA) of Seychelles belongs to the Tier 3 group and that’s the official regulator of this broker. Since they are providing services outside of Seychelles, they should comply as well with the regulations of those countries where they operate. Let’s take a look at this detailed Lime Fx review to see more. Lime Fx is part of Tradeco Limited registered in Seychelles. As a forex and CFD trading company, they should comply with some regulations.
During the calls made https://limefx.group/ by the alleged ‘brokers’, the enormous earning potential deriving from investments in online trading was falsely prophesied, especially in the Cryptocurrency and/or Bitcoin sector. This broker follows some outdated rules of trading. Floating spreads, old MT4, not much of crypto… If you can get used to the service, it’s not actually bad. I gave them a second chance, not judging the book by its cover. Issues with the withdrawals and slippages, I haven’t seen such.
So today, we will check whether this platform is truly safe or if something is wrong with it. Finally, investing and trading involves risks and you are advised to perform due diligence before investing and stay away from unregulated and high-risk trading platforms to avoid potential scams. Our main mission is to tell the truth about companies which offer people to make a profit from their investments and financial deposits.
A real intermediary earns through commissions, but here it’s different. So, there’s no point in working with such a company; it will work against you. It is also odd that there is no mention of an affiliate program. Apparently, the company does not offer such an option.
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An SFSA license doesn’t provide the same level of protection for traders’ rights. This organization lacks the authority to control a company’s actions as strictly as larger regulators. If issues arise with withdrawals or dishonest practices, you will have very few means to protect yourself. Lime Fx clients can trade with WebTrader, TradeCopier, and MetaTrader 4. The official website and personal account section contain links to download programs.