The most common sign of broker fraud or foreign exchange trading fraud is that the broker is either not regulated at all or has a low-quality regulatory license. In the case of a commission broker, whether you should pay a small commission depends on what else the broker is offering. In this case, it may be worth paying the small commission for this additional service. Even after slightly widening limefx company reviews the spread to account for profit, the dealer can pass a more competitive spread on to you than competitors that are not well-capitalized. Some firms offer a fixed spread, others offer a variable spread and still others charge a commission based on a percentage of the spread. At first glance, it seems that the fixed spread may be the right choice, because then you would know exactly what to expect.

  • This does not mean you are discouraged-in many cases, trading is safe and reliable, but only if you choose the right broker.
  • In addition to this, they claim to impose on a fee on money withdrawal but when money is withdrawn a certain percentage is deducted from it.
  • However, before you jump in and choose one, you need to consider a few things.
  • This review will help you make an informed decision about this broker.
  • Given that all brokers are not created equal, this is a difficult question to answer.

A reputable broker will provide useful advice to potential traders. If you are interested in trading foreign exchange, cryptocurrency, CFDs, or commodities, paying close attention to the broker you trade with can prevent broker withdrawal problems and help you avoid broker fraud. We will not only inform visitors if the broker is a scam but also describe the pros and cons of trading with them. In our broker review, we discussed trading products such as stocks, commodities, ETFs, foreign exchange, options, CFDs, bonds, indices, and cryptocurrencies. The proprietary platforms of many high-quality brokers can provide an excellent trading experience. You can also share your trading experience with LimeFX by commenting on this review.

What Is LimeFX?

The broker provides you with several platforms to access various instruments for trading purposes. The broker login portal will give you access to all your account details, as well as other tools and resources you need to trade. A professional broker never deliberately restricts user access to an account.

Trading Platform of ClickTradesThe main issue is that MT4 and MT 5 are not supported at ClickTrades. These are the most popular trading platforms in the LimeFXmunity and are highly trusted due to their analytical ability and to handle multiple trades at once. The broker offers a so-called Welcome account Stock trader for Latin American countries. They provide new clients with a $30 bonus on the Live account without requiring a deposit. In simple words, you shouldn’t do business with such a shady and greedy organisation. You can find many other forex brokers in the market, who are way better than ClickTrades.

LimeFX cheating

Such brokers only need to provide easy access to trading tools, nothing more. Some brokers may offer a wide variety of trading products, while other brokers may specialize in one area, such as foreign exchange. Traders should trade with well-regulated brokers and reputable brokers. However, what might sound like a bargain to inexperienced traders may not be the best deal available — or even a deal at all.

LimeFX Regulation And Licensing Details

If you are dealing with a broker that can offer guaranteed liquidity at attractive spreads, this may be what you should look for. On the other hand, you might want to pay a fixed pip spread if you know you are getting at-the-money executions every time you trade. Slippage, which occurs when your trade is executed away from the price you were offered, is a cost that you do not want to bear.

Here we’ll show you how to evaluate forex broker fee/commission structures and find the one that will work best for you. The reason behind the huge amount might be the fact that this is an unregulated broker and they are required to limefx cheating maintain a certain financial standing to justify their position in the market. This financial standing is maintained by claiming huge deposits from the traders and then making them entangle themselves in complex trade structures.

The best way to avoid potential scams is to check the broker’s website and research their information. He can inflict huge losses on his clients and therefore, in our opinion, is a potential scammer. Hence, it can be almost as harmful as working with an unlicensed broker. Low-level regulators have minimum requirements and oversight and it is not recommended to register with a broker with a low-level license.

There is a welcome bonus offered by ClickTrades to all its traders. There are no prerequisites in this context but then they claim that one may not withdraw their money until they have traded at least $10,000 in a tenure of 90 days. Normally, they range from 1.8 pip to 1.9, which is a very high pip. This kind of spread may cause huge loss for the traders and hence it might not be an option for them to work with ClickTrades at such a high trade spread.

We advise all investors and traders to avoid LimeFX and other Vanuatu brokers. ClickTrades is owned by Key Ways Solutions Limited, located in Cyprus and unregulated, but the company that manages it is named KW Investments Limited, located and registered and Seychelles. ClickTrades, however, are not regulated by any financial regulatory authority which makes it more prone to commit malicious acts such as fraud, scam, money laundering and corruption. It is notoriously famous about almost al offshore brokers that they can not ensure the safety of the funds of their clients. Hence it is a dare and an absurd decision to invest with a broker who can’t even be trusted.

How To Open An Online Brokerage Account

First of all, to withdraw any profit, a client needs to trade a minimum of 5 lots within 30 days, which is impossible with such a small amount of money. In addition, the transaction cannot be lower than 60 pips for withdrawal calculation. If the market goes in the opposite direction, the client’s account will be automatically set to zero balance to avoid a negative balance. As an unregulated broker, it has a pretty solid offer that includes a copy trading system as well.

LimeFX cheating

So what is each type of commission’s bottom line effect on your trading? Given that all brokers are not created equal, this is a difficult question forex strategy to answer. The reason is that there are other factors to take into account when weighing what is most advantageous for your trading account.

LimeFX Pro Account Minimum Deposit

We thrive for helping the marketplace become less ambiguous and more transparent. ClickTrades offers CFDs on bonds, stock, EFDs and precious metals such as gold and silver. This is the only attractive feature of this business and makes it just better in this sense.

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Use this review to guide your trading decisions and also do your due diligence on LimeFX. Submit your LimeFX broker review below and help other traders choose the right broker. Broker LimeFX claims on its website that it complies with KYC and AML (Anti-Money Laundering) policies and standards. The company names its address Suite 110, 12 South Bridge, Edinburgh EH1 1DD Scotland, United Kingdom. The broker must have a modern trading platform supported by advanced analytical tools and the latest foreign exchange technology.

A good broker must not only be regulated but also have a good reputation, excellent trading conditions, and excellent support. There are some unusual withdrawal conditions scammed by limefx which makes it look like that they just don’t want you to take your money out of their funds. Often, traders are found griping about these unnecessary obligations.

The trading platform provided by the broker should be easy to use and intuitive enough so that traders can quickly access their accounts and trade. The next step is to simplify your trading platform so that you can view your trading history, open trades, their status, etc. Some brokers who are not honest will be aggressive towards customers and encourage them to make certain transactions.

ClickTrades offers a web-based trading platform which is unknown and very new. No information about the process of its working, its analytical ability or the credentials of its developers are provided. This makes it a highly unreliable product and this might also be involved in a scam. For testing the platform without adding the money first, LimeFX enabled its clients to start a Demo account. Here as well, you can choose if you want an MT4 or an MT5 demo version.

My ClickTrades review suggests that they are not a legit or reliable business to work with. If investors have evidence that the broker is a scam, it is best not to follow suit. If you sign up quickly, a broker may offer transactions, or they may tell you that if you are not in a hurry to open an account, then the opportunity to make a lot of money will disappear in a day or two.

Suppose you have been scammed by LimeFX or any other illicit broker, do not hesitate to ask for help. Recently, Global Fraud Protection received numerous complaints about offshore brokers. We are here to guide you through the chargeback process and get your money back. According to the broker’s website, there are no fees on such deposits.

However, the Forex broker does not have a compulsory FCA license to do this. The Forex broker is licensed by the VFSC, but this is not enough to offer financial services or products in the UK or Europe. In general, the FCA advises UK investors not to invest with this broker. Gripeo is the leading social platform for consumers to share their experiences with businesses and other people.

Obviously, LimeFX did not do any of the above, and can not even be regarded as a broker, but just a scam in the foreign exchange market. LimeFX hides most of the trading conditions and raises suspicion. We do not recommend trading with LimeFX because the broker is suspected of fraud. This does not mean you are discouraged-in many cases, trading is safe and reliable, but only if you choose the right broker.

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