What Should I Do If I Was Scammed By A Trad

LimeFX does not charge any additional fees for deposition and withdrawal. The deposition will be processed instantly in most payment methods. Some bank wire transfers may take time, depending on the trader’s bank. LimeFX may also offer Islamic account features with all three accounts. Followers of sharia law can activate the Islamic account feature in their selected account.

To trade CFDs, a trader needs good experience to understand the market. Security should be your primary focus when choosing a broker. While many individuals do not really pay attention to how significant regulations can be in trading, it is one of the essential factors that guarantee funds’ safety. Besides this, as a CySEC regulated broker, the company can provide services in countries where it complies with the trading regime. In the case of LimeFX, those are the Commonwealth of Dominica, Malaysia, Indonesia, Switzerland, Saudi Arabia, and the United Arab Emirates. Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors.

Start Trading With A Free $30

Some give more ear to safety and as such, prioritize the security of funds while others concentrate more on their services. The login portal of the broker will provide you access to all data from your account and other tools and resources that you need for trading. The login area needs to be simple and easy to use even for the new traders. Instead of making it more complicated by adding service details, the broker should focus on including the essential details only. This way it will be easier for the investors to understand if they need to know something or not and what they are doing now. The content comprises things like on-demand videos, economic calendars, and a lot more.

The attitude towards the client is also pleasing, I have not met at least something like a service everywhere. Sadly for me, the conversations between their brokers and myself, took place by phone.I have asked LimeFX to get a report of those phonecalls but I never got it. If I had, it would provide me with, as per the GDPR compliance. It was not satisfactory in any possible way, as it does not cover the suffering that I have endured while handling my trading account.

Professionals can also use this feature for testing their new strategies and skills. LimeFX requires a minimum deposit of $250 to start trading on the financial market. The broker proposes over two hundred different trading instruments, which is related to the ordinary broker. Still, LimeFX.com offers an above-average volume of cryptocurrencies but could attach a few more stocks. Contracts for difference expectations are available and practice different prospective arrangements as carried from other exchanges such as the ICE or CME. Every clients’ money is insured up to 20,000 euros, which can help in fraud cases.

Forex

This signifies that you can always find something that aligns with your goals. All clients have a dedicated account manager and Gold and Platinum clients can also access a Virtual Private Server for low latency and superior execution speeds. A VPS also allows traders to have zero downtime when trading which is useful to those who have automated strategies that are continuously running.

• Before doing business with an online entity, our business intelligence can assist you in understanding who you are dealing with.
• At the moment, I already have a lot of experience and have not had any problems, the broker is reliable and suitable for all levels of traders.
• Instead of making it more complicated by adding service details, the broker should focus on including the essential details only.
• Most of the traders don’t research the pros and cons of the broker so they end up being scammed by the broker.
• LimeFX has its own internal control systems and processes for safeguarding internal data from any malicious activity.

This approach will save you from the risk of your account getting hacked while trading in the markets. It provides you the protection of malware protection, SSL secured transactions, and refund for unauthorized trades. The major issue here is not the denied access but how your broker handles the situation. A professional broker will be swift and quick to resolve the issue. Customer support will fix the issue for you so that you don’t miss any trade. If you don’t have answers to these questions then fund recovery specialists can investigate these features for you.

Itrade Global Cy Ltd

The regulatory framework mandates the broker to keep the client’s funds in segregated bank accounts. As such, this broker does this by partnering with top brokers across Europe. If perhaps, the unexpected happens, or LimeFX is declared bankrupt, you can still get back your funds right from the segregated bank account. Once you have limefx official site attained the platinum market, swaps and spreads will be tighter, higher, spreads could be the best fit for the silver account. The broker charges zero common fees both on deposits or while trading. LimeFX has its mobile application, which provides you with a cutting-edge trading experience that helps you track market trends.

The trading platform provided by the broker must be user-friendly and intuitive enough for traders to quickly access their accounts and place trades quickly. Traders should also be able to customize it according to their own preferences. This site is a free news service to the global audience to assist in understanding the pitfalls of illicit companies defrauding the web.

Other than “LimeFX,” the company is operating also under the names TRADEFW and INVESTFW. Yes, the financial service provider is regulated with a top-tier regulatory authority, CySEC. LimeFX broker does offer a Demo account where you can test the trading environment. Other than those countries, every other one is prohibited. The broker specified that it doesn’t operate in the USA and Canada, while it’s on a temporary regime in the UK and can provide only limited services.

Security of funds is a huge problem with offshore brokers. A red flag that we noticed is LimeFX is withholding vital information to users. Problem with offshore brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice. LimeFX is an award-winning platform that consists of knowledgeable educational and research material.

This includes copy trading services, customised programming services and auto trading strategies. The LimeFX mobile trading app is covered in more detail in the video review. Deposits are instant for the majority of payment methods but can vary with bank transfers depending on the client’s bank.

Fund recovery specialists can help you to decide if your broker is a scam or legit. It is advised not to make any investment decision without reading LimeFX review or verdict from professional fund recovery specialists. An honest review about limefx official site the broker will never skip the withdrawal processing. If the broker offers smooth and regular withdrawals then things are good else you might face different issues later on. It is better to pay attention to the withdrawals from the very start.

How does the support respond when you reach out to them for login issues and errors? A professional broker will never intentionally restrict the user’s access to the account. Even if login errors occur, the broker should have resources to fix things in no time so that you don’t waste trading opportunities. When it comes to the security Hedge fund of the funds, we’ve been able to find the connection between iTrade Global Ltd and the Bank of Lithuania. We can conclude in our review that the broker keeps clients’ funds here. However, this is not the safest solution since not so long ago Bank of Lithuania, along with several other banks, was accused of money laundering.

Customer Support

It offers trading instruments like stocks, CFDs, indices, cryptocurrencies, ETFs, commodities, metals, and more. A wide range of trading tools, especially the ability to trade crypto. After a week of active trading, I tried to withdraw funds, however, there was a delay, the funds simply did not come to my account.

Before doing business with an online entity, our business intelligence can assist you in understanding who you are dealing with. Many of today’s scammers are operating via cryptocurrency. If you’ve already made a cryptocurrency transaction that turned out to be fraudulent, we have the partners and experience to help you retrieve your funds. Webscams.net offers no financial advice, but may receive income from paid ads. If you have made a transaction in good faith that turns out to have been at a fraudulent company, you can report a scam. LimeFX provides a fast, technically secured, and strong gateway to the foreign financial markets.

Offer Of The Month

Through this application, traders can access the market at any time from anywhere. In addition, on this mobile application, traders can control Stop loss and take profit levels. Check here the key features of the LimeFX mobile application. WebTrader provides one-click access to the international finance market. Traders do not need to download any other software for using the WebTrader platform on various browsers.

Traders are also asked to provide proof of residence in the country. The broker offers more than 170 tradable assets, and all of those assets can be trade via CFDs. The list of the assets is long, and it includes the best assets like forex pairs and cryptocurrencies, to name a few. The tradable assets extend to a vast range of international markets.

The company founded a new brand, LimeFX, in October 2020. However, there are several issues when it comes to iTrade Global Ltd and all of its brands. The brand doesn’t list Futures contract anywhere how the funds are kept safe, where, and what to do if there are any issues. Recently, we’ve come across many Cyprus-regulated brokers that turned out to be a scam.

The Broker Was Well

The main difference is in the deposit you need to make and the leverage you are provided. Besides these main types, the broker offers a Demo account and the Professional account for more experienced traders. Traded Well offers the MT4, MT WebTrader and Mobile CFD trading top platform. Suppose these options do not align with your objectives and profitability goals. In that case, LimeFX also has a professional account. You must prove to the firm that you are an experienced trader and you are willing to invest a specified amount of money in a particular market.

Read Reviews For Other Businesses On Trust Mamma

LimeFX provides access to a huge international finance market, allowing trading of stocks, cryptocurrencies, indices, metals, and commodities. A user can choose from a diverse option of stocks available in the market. The broker provides you with multiple platforms to log in and access various tools limefx company reviews for trading purposes. It does not matter whether it is PC or MAC or any device, you are free to use the platform of your choice. Most important thing is that you are able to access your account on any device safely and quickly. How does the broker solve the issues faced while logging into your account?