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Written by monzurul82 in Uncategorized
Feb 22 nd, 2022
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We have mentioned that when discussing the account types. LimeFX’s decision relating to any aspect of this promotion shall be final and binding. LimeFX Global and Traders Summit reserve the right, at their absolute discretion, to modify or amend the terms and conditions, the type and names of prizes at any time without prior notice and explanation. I am upset with them, I lost $ 2,000 of investment for no reason and it was because of this broker that only takes advantage of investors to rob them. It is not a bad company, but I usually work with MT5 and not having this platform will give you points. Moreover, the account verification process is very cumbersome and takes up a lot of time.
On forex, metals, indices, a commission of 5 to 10 dollars is charged per trade. Commission for CFDs is 0.1%, and fro crypto is 0.5%. LimeFX offers its traders one of the most professional and popular trading terminal in the world – namely, the MT4 . Forex bonuses are published for the informational purpose only, and should not be treated as an invitation or encouragement to invest in Forex trading. Forex trading carries high risks of encountering substantial losses for non-professional investors. The prize amount is non-transferable between accounts or persons and cannot be combined with any other promotion or offer.
There are no educational materials available for novice traders. Also, research tools are limited too. The MT5 trading platform is available only on one specific account. A minimum deposit of 10 dollars is only applicable to one account. For a broker to come out as a safe trading mechanism, it must be regulated and authorised by a reputed authority.
Selected Clients are required to abide by all Terms and Conditions as presented, at all times. These Terms and Conditions must be read in conjunction with the General Terms and Conditions that apply to all LimeFX Global promotional offers. In the event of a conflict between these Terms and Conditions and the General Terms and Conditions, the General Terms and Conditions shall prevail. limefx company reviews Competition rankings are determined by the client who generates the greatest return during the Competition Period on their demo account. They are not a regulated company and that is undoubtedly a risk, however in my brief experience with them it went quite well, I have no complaints about this company. The commission varies from security to security in a different account.
“Largest return on a single trade” will be defined as the position that generates the largest percentage of profit gained from a single trade in the Competition. “Withdrawals” limefx courses scam refers to the withdrawal of funds from MT4 or MT5 accounts. Participation in this promotion signifies acceptance of all Terms and Conditions referenced herein.
That is not the case with LimeFX. Therefore, one cannot trust whether the broker is safe or not. We recommend other reputable and highly regulated brokers like LimeFX or TradeATF. “Deposits” refers to deposit of funds to MT4 or MT5 accounts. They do not offer good leverage, it is not the type of broker I am looking for to manage my money.
When something looks too good to be true in the trading world, chances are it is. LimeFX appears to be chasing high profits without keeping in mind the standards of safe and secure trading for its clients and customers. Therefore, we did a thorough research about the broker to know whether it is safe or not to go with LimeFX. Let us read into the review to know every inch of LimeFX. FXreviewsaccords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market. The LimeFX account has a minimum deposit of 500 dollars, and all other accounts take a minimum deposit for 100 dollars from the traders.
To withdraw my money they requested bank details and I don’t know how they ended up removing $ 22,000 from my bank account. I already sent a complaint against this company. I registered a couple of weeks ago with grand Financial transaction tax capital and now that I read several comments I am afraid of losing my money. While many brokers offer a wide range of research tools, only the Economic calendar and daily analysis are available with LimeFX.
LimeFX Ltd. is a reliable forex broker. They offer trading accounts both for private and corporate clients, offering access to marginal trading on forex and other financial markets by means of LimeFX Trader 4 trading platform. LimeFX has been a part of the trading market since 2006. If the broker has been in the market for such a long time, what do we expect? Utterly diligent and structured trade? Yes, the broker claims to provide many benefits and bonuses to traders, but it all seems too pretentious.
Instead of focusing on making things hassle-free and smooth, the broker seems to confuse the traders on which account they must choose. Most accounts seem to offer similar features with little or no disparity. Traders remand useful features and a wide range of benefits, not a hefty list of accounts that serve no different purposes. Let us look at each account in detail.
Moreover, in many accounts like Micro or LimeFX Prime account, only very few instruments are available for trade. One can open a crypto account with Callable bull/bear contract LimeFX with a minimum deposit of 100 dollars. A minimum deposit of just 10 dollars is required to open a micro account with LimeFX.
Traders Summit Demo Trading Competition (the ”Competition”) is for clients of LimeFX who meet the eligibility criteria below. LimeFX is an expensive broker to trade with. The spreads vary from account to account, but they are very wide in nature. The average EUR/USD spread is as high as 17 pips on most of the accounts. These spreads are much higher than the standard spreads charges by other reputable brokers in the market.
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. By entering into this promotion, you acknowledge that you understand the risks involved in trading Forex and CFDs. “Best trading performance” will be defined as the client with the five highest trading gains.
Then why to brag about the minimum deposit of 10 dollars, when you offer it on just one account with bare minimum features and specifications. Even though the broker claims that the MT5 platform is available for trade, it is only accessible to the traders who open an MT5 trading account. All other accounts are incapable of supporting the MT5 platform. The MT5 platform is only limited to a particular account, and this becomes a huge disadvantage.
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Even though the broker claims that spread starts from 0.1 dollars, spreads can go as high as 33 on many securities when looked closely. The account opening process of LimeFX is arduous and uncertain. When looked at their website, there are no particular steps mentioned in building and creating an account with the broker. This leads to confusion and hesitation for traders and investors to go further with the broker. The broker claims that there are more than 300 assets and instruments available for trading. But when looked at with utter details in each category of instruments, be it forex, or stocks, there are very few products available for trade.
You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle. You must assess and consider the Risk Disclosure Notice on the Legal Documentation page of our website carefully before making any decision about using our products or services. If you want to have benefits of the MT5 platform, you need to open an MT5 account. Spreads start from 0.4 dollars, and the minimum deposit required to open the account is 100 dollars. In the standard account, deposits start from 100 dollars and spread starting from 0.1.
One hundred fifty instruments are available for trade. A commission of 0.5% is charged on limefx cheating all the cryptocurrencies. Only US dollars can be used as a base currency in this account.
If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. All prizes will be deposited directly into the trading account of each respective winner as cash, and can be freely withdrawn. On forex, metals, energy, a commission of 5 dollars is charged per trade. On indices, the commission is 7 dollars. Commission for CFDs is 0.1%, and for crypto is 0.5%.
Competitive spreads No commission A universal trading account. For educational purposes, there is nothing mentioned on the website. So we are assuming that LimeFX does not pay heed to the research and educational material for their traders and investors. Moreover, the mobile trading applications of LimeFX are very cumbersome to navigate through. There are a lot of tabs packed up altogether with no structure. Any new trader needs to take out time to understand and get accustomed to their trading platforms and applications.
LimeFX is an unregulated broker and comprises two companies based on the Grenadines and Seychelles. The broker serves in 40 major countries. High commission and spreads are attached to the broker. There are no educational materials available, and only a few research tools are available. Margin trading involves a high level of risk and may not be suitable for all investors. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified.
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