There are many options that are far better than FXClub, you should go with them and avoid this broker. Another subsidiary of the Forex Club is LimeFX (LimeFX.com), which is regulated by CySEC. LimeFX International Company Limited has no reliable regulation, but only membership in the Financial Commission.
- Alternatively, if you find that contacting your investing partner isn’t working, you can contact us and we will be more than happy to try on your behalf.
- And with FXClub, you get access to both MetaTrader 4 and 5.
- Funds from the bonus account can be transferred to other trading accounts instantly and without commission.
- They don’t mention how much they charge for withdrawals made through cryptocurrencies.
- There is also a Pro version for the more discerning trader.
Overall, the process should take no more than minutes if you have documents ready. Our team of experts is thoroughly familiar with different types of scams such and broker login problems. We can spot problems early and have in-depth information about the industry. Our professionals work closely with regulatory authorities and leaders in the financial industry to deal with client complaints.
What To Do If A LimeFX Disappears?
LimeFX offer ‘stop loss’ and ‘take profit’ options and give you lessons on the site on how to use them. When you open your trade, select ‘stop loss’ / ‘take profit’ and enter the amount of loss that you want. When the trade reaches this point, it will automatically close. Manage your trades when you can’t be online by using a combination of stop loss and take profit. Gripeo is the leading social platform for consumers to share their experiences with businesses and other people. We thrive for helping the marketplace become less ambiguous and more transparent.
LimeFX International Company Limited provides services in Latin America, almost all EEU and CIS countries and China. The company is based in Saint Vincent and the Grenadines and has a membership in the Financial Commission. We are convinced that LimeFX website still needs a lot of work to be done in terms of more specific information and explanation of the trading conditions. We’ll also love to see the website become simpler because, at the moment, the platform is fairly complex for the beginners. It has to be said that in terms of education and research, both are fairly light with LimeFX.
The disadvantages of the Rumus platform are its rather complex interface and limited selection of assets. According to the website, the LimeFX requires from 3 business days to 5 business days to conclude the wire transfer. Withdrawal via Credit/Debit cards requires just one business day and same applies to Neteller and Skrill, a couple of eWallets facilitated by the platform. 1 currency unit is the fee the withdrawal via Credit/Debit card. For wire transfer, the fee is 0.5% of the withdrawal amount (max. 10 Currency Units).
It’ll never surprise us to see these tools with more and more trading platforms but at the moment we seldom witness a comprehensive range offered by a single platform. Many of our clients who have been cheated note that when they asked for information, the broker was evasive. If LimeFX asks for fees for withdrawals, deposit, and leaving an account inactive, check that these fees are in line with the industry. If LimeFX asks for a withdrawal tax, this is a sure sign of fraud.
There may be a message saying that the site is down due to technical problems. The parent company of FXClub is a reputed organization so it wouldn’t be okay to say that FXClub is a scam. The offered spreads with this broker are 0.8 to 0.9 pips which are quite competitive. I didn’t expect to see such good spreads with such a broker. FXClub is an unlicensed and suspicious broker who provides contradictory info. There is no commission on this account, but there are spreads from 0.6 pips.
LimeFX Withdraw Problems
Periodic platform freeze and loss of connection with the server. The broker provides an economic calendar with important events on the home page of the site. This is one area where we can say without any doubt that LimeFX excels. They are completely transparent in the Day trading manner which they operate. This is backed up by the fact they are regulated by one of the most respected bodies in the industry with CySEC. There are two very big differentiators which stand out during any review of LimeFX which may make them an ideal broker for you.
You will also find the choice of platforms offers everything you need, whether trading from a desktop or on the move. The trading features are very competitive with others in the market, and they are one of the few to offer no spreads. All in all, LimeFX has a lot to offer all levels of CFD trader.
LimeFX Trading Platform
There will always be certain exceptions to this, as is the case with US-based clients, who are not yet accepted. Generally speaking, most countries are accepted for trading, but if limefx scammers you have any doubt, you should not hesitate to contact the customer support team. The number of scams such as faulty broker login and disappearing brokers is increasing each year.
Licensed and regulated in Cyprus by CySEC, one of the world’s most recognisable licensing bodies, the site is secure and your funds are safe. We want to help our readers in any way we can, but sometimes it’s better to talk directly with your investing site to get the answers you need. For example if you have a specific query about your account you’ll need to contact them in person due to security. When you arrive on the LimeFX home page and scroll down, a beginner’s learning course is available.
Needless to say, you can find numerous real reviews from traders about LimeFX for such a long period of time. Our team had to re-read a huge number of feedbacks and comments about the broker to draw up the overall picture through the eyes of traders. And yes, LimeFX does offer a Demo account so that you can practice trading before going live. We highly recommend you to spend significant time on Demo account because we have found this platform a bit complex than any of the platforms we’ve reviewed.
In my opinion, it’s best to trade with a broker that uses Metatrader 4 or 5. Metatrader has a very positive reputation in the industry because of its numerous features and benefits. This is the main reason why Metatrader is the most popular trading platform among forex brokers. With Metatrader, you wouldn’t need to worry about such stuff. The broker has made a huge contribution to the development of trading platforms and online trading.
Conclusion Of The Review On LimeFX
Reputed regulators such as CySEC and FCA even have insurance provisions in case the broker turns out to be a fraudster. For example, a CySEC-regulated broker’s client can get up to 20,000 EUR as insurance compensation if the broker runs away with their funds. New clients of LimeFX International Ltd. can get a 100% Welcome Bonus on their first deposit of $ 100 or more. Welcome bonus is credited automatically and converted into real money from the very first deal. More information about it and the conversion speed can be found on the official website in the “Bonuses” section. LimeFX platform provides a user-friendly chart with a wide selection of timeframes and trading indicators.
What Are Some Red Flags That A LimeFX May Disappear
The broker has a good reputation with traders and the LimeFXmunity. Most of the reviews from LimeFX traders and clients are positive. Funds from the bonus account can be transferred to other trading accounts instantly and without commission. When trading real funds are spent first, then bonus ones. Commissions for most trading instruments can be called low to medium when compared to other CFD brokers. LimeFX is suitable for scalping and intraday as well as long-term trading.
Opening a LimeFX Real account is a very straightforward process. To deposit funds, however, you need to provide more information. A minimum deposit of just $10 is required making this the right choice for those that are new and inexperienced when it comes to CFD trading.
It makes them appear more reliable however, finding this information was quite a big challenge. Relatively low and medium commissions / spreads on many trading instruments allow short, medium and long term trading. The broker compensates commissions of payment systems with bonus funds in 100%. Indication Investments Ltd provides services in the European Union. The company is based in Cyprus and is regulated by CySEC.
Trading on Rumus is an alternative to the usual trading conditions and MT4 / MT5 terminals. An app version of this platform can also be operated on your web browser, and this is where your demo account will be based. When brokers disappear, they usually provide warning signs ahead of time. They will make extravagant claims and promise huge returns to attract traders. It is important to know what is considered reasonable in the industry to recognize inflated promises.
Thanks to video courses, LimeFX allows beginners to understand Forex and CFD trading and how they can make money on it. Another nice thing is executable bonuses, which can then be withdrawn as real funds. LimeFX Buy and hold demo account is available to help you get started with learning about the broker and the trading platforms they operate. Among the negative reviews, there are real disadvantages that are worth noting.
With the LimeFX platforms, there is not only a mobile compatible version of the website but also an app to download for both iOS and Android users. Whatever your level of trading or experience, you can enjoy CFD trading on the move. LimeFX Group provides good education for beginners and experienced traders. First, you will be introduced to general trading concepts. Then you will learn how to use fundamental and chart analysis. After that, traders can watch video courses that contain a variety of trading strategies.
It is also worth considering that to open a position you need to deposit at least 10% of your balance, so a recommended deposit of $100 is preferable. LimeFX broker offers Market and Instant accounts for MT4 and MT5 platforms. The main difference between them is already indicated in the name, it is market and immediate execution of orders. In addition, the accounts differ in spreads and commissions.