If you have an account with LimeFX (LimeFX.com) broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts. LimeFX offers several different means of communication for you to reach out to their customer support team. You will find that most means of communication provide lively and fast responses from a team who are highly trained to accommodate all traders’ needs, regardless of the client’s trading experience.

The LimeFX withdrawal process takes only one or two working days. Please note that LimeFX operates from Monday to Friday, excluding weekends and other public holidays or festive days included in the official calendar. It is important to note that in some cases, there may be a delay in you receiving your funds as a result of clearance delays from banking institutions, electronic payment systems and credit cards.

If, however, there is a charge on your credit card statement following a deposit cancellation, please allow up to 5 business days for the cancellation to be completed. Often, if you see a transaction on your credit card after you have cancelled it, it may be possible that the deposit was not cancelled before the statement was sent. Wire Transfer – If you deposit funds via wire transfer, it can take up to 7 business days, depending on your banking institution and country. In order to expedite the process, please ensure that you send LimeFX a copy of the swift code or the transfer receipt so that we may track the deposit. One should know that trading any other kind of complex financial product involves high risks, and is not suitable for everyone.

For example, the broker exclusively works with top-tier banking institutions and employs fund segregation. That means your money has multiple layers of protection over it, both from the broker and banks. It’s also telling that the broker ensured that user funds go unharmed even if the company goes under.

The SEC Calls Crypto Scams “Flavor of the Year.” 5 Ways to Avoid Them.

LimeFX successfully managed to avoid both of those outcomes and crafted a uniquely well-rounded trading experience. As such, it’s the best choice for a lot of the traders that can access the broker’s services. From our LimeFX review, you could’ve easily noticed that we’re entirely satisfied with the company. As such, we would like to implore you to try the broker for yourself; you might just find your new permanent trading hub. As for outside protections, there’s the fund segregation that we mentioned earlier in our review.

If you did not make any trades with the funds, the deposit will be cancelled within 24 hours and once the process is complete, customer support will send you an update via email. Please note that Saturdays and Sundays are not considered business days and if you send a cancellation request, this will not be actioned until the next business day. Credit Cards and Debit Cards – If you use a credit card to make a deposit, the payment should be credited instantly into your account. If there is any delay, please contact customer support and one of our representatives will attend to the matter immediately. Please note that if you are making a deposit for the first time with a credit card, it may take up to one business day to credit the funds to your account as a result of security verification. At LimeFX, we understand that being able to access your funds quickly and seamlessly, is important.

Please note that these one-off measures are made to protect our clients from fraud, and on a wider scale we are fighting to avoid money laundering, by fulfilling KYC protocols. LimeFX’ account setup allows the broker to tend to users that prefer different LimeFX levels. There are options both for lower and higher spenders, following a tiered, LimeFX-based system.

In the case of wire transfers, it can take up to 10 business days for the funds to reflect in your account. DupliTrade is an auto-trading platform offered by LimeFX that enables our traders to easily duplicate or copy the trades of other traders on the platform, directly into your LimeFX trading account. All monetary transactions that occur on the DupliTrade platform are handled by LimeFX. At LimeFX, we pride ourselves on offering exceptional service and meeting the needs of our clients. In comparison, it takes LimeFX only hours to complete the withdrawal process once your account has been verified, while it could take other brokers up to 8 days to process a withdrawal request.

Deposit Methods available

As well as risk management tools like Stop Loss, we also offer the unique AvaProtect ™ tool. This gives you a way to cover your trades and protect them from losses, by paying a small premium. E-payments – This includes Neteller, Skrill , WebMoney and others. When using these options, the funds will be credited in your account within 24 hours. LimeFX might have, like many shady brokers, have claimed falsely to have a license, displayed a counterfeit license, or may show a license, but it has been revoked.

However, our experts understand that few scam brokers simply return clients’ money on request. That is why you should contact us immediately to help you deal with LimeFX. It has come to our attention that LimeFX has a negative reputation. This is based on not only customer reviews but expert reviews, news from regulators, and the press. Someone may not have made enough money on trades and accuse the broker of being a fraud.

LimeFX forex broker

The broker offers CFD trading in more than 1,500+ assets, with more being added constantly. While most of the new brokers out there use the vanilla and most used MetaTrader 4 or MetaTrader 5 platforms, LimeFX has had time to invest in creating its own proprietary investing platform. There are several payment methods offered, from Credit Card, Wire Transfer, as well as several forms of e-payment. We operate on a Damages Based Agreement (“DBA”) more commonly known as a ‘no-win, no-fee’ agreement. If we successfully recover compensation, then our charges are 30% plus VAT of any compensation payment.

When you are ready, you can then upgrade to a real account, quite easily. In order to withdraw your money from your LimeFX account, you will need to ensure that your account has been verified and confirmed. Verifying your identity and account is one of the requirements of the regulatory bodies and LimeFX is required to strictly follow the KYC or Know Your Customer process. This process requires LimeFX to verify the identity of its clients and to assess any potential risks of illegal intentions. If you see any of the above with LimeFX close your account, request a withdrawal, and be finished with them.

What is LimeFX’s Minimum Deposit?

Regulators might have warned the public against opening an account with LimeFX. If a regulator singles out LimeFX, there must be something wrong. Once a regulator or a government organization limefx official site issues a warning about a broker, it is safe to say that it should be avoided. The other possible problem with LimeFX is that it may have a license, but it may be offshore or third-tier.

Many shady financial schemes will get a license that isn’t worth anything. They can just pay a fee and get a license, but there will be no oversight or inspections, and therefore, no protection for customers. Those who do dig deeper and go to the regulator’s site may notice that LimeFX does https://limefx.club/ not have a current license and there may even be warnings about them. It takes less than a minute to validate or refute licensing claims by checking a website. This isn’t just a hunch but is based on, first, alerts we receive from regulators and second, thorough investigation by our team.

I’ve got the refund in a timely manner,

All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. The offerings are more than sufficient to have something for everyone, and never miss a market opportunity. Whether you like to trade fiat currencies or cryptocurrencies, stocks or indices, or even volatile commodities, there is something to trade on the platform.

Any broker that offers guaranteed returns is simply not telling the truth. It is never worth the risk to continue trading with a broker that you do not trust. Many people do not get out of these bad LimeFXs because they are afraid they won’t be given their money when they ask for a withdrawal. Although LimeFX is likely to behave this way, you are in any case not going to make any money with this broker.

These charges will be deducted from the compensation payment at the end of the claim process. We have helped clients recover in excess of £1.6 million for mis-sold LimeFXs in the last 12 months. However, with CFD trading an investor never actually owns the asset, you are in essence betting on the value of the asset increasing or decreasing. I contacted Oakwood with a claim enquiry regarding poor financial advice I’d received while CFD trading. They were very helpful, professional and friendly from the start. They were confident in my case and really knew what they were doing.

LimeFX might have felt confident that people would not look farther and examine their claims. We always recommend our clients check that a broker has a license before they open an account with them. However, just checking that the broker claims to have a license or even that there is an image of one is not enough to stay safe. Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.

To make a deposit, the first step is to log in to your LimeFX account. Click on the ‘Deposit’ section and select your preferred deposit method. Please also ensure that you have selected the specific trading account you wish to deposit into from the drop-down menu.

I was quite hesitant to trade at first because of high initial deposit. We’re also aware that this company has received regulatory attention. They did well in what they do and works efficiently than any other broker I have dealt with. Namely, you can nearly always tell a scam broker by its vague and over-advertised website setups. If it’s all form and no function, the broker is likely dishonest at best and malicious at worst. As we can see, LimeFX.com is as far away from that as possible, ensuring maximum clarity and functionality.

Each broker had the opportunity to complete an in-depth data profile and provide executive time for an annual update meeting. At LimeFX, all possible measures are taken to ensure that client funds and data remain secure. Even though the broker is not regulated by a top-tier regulator, LimeFX is considered a safe broker to trade with as it maintains all safety, AML, and KYC standards. The company is also very straightforward and transparent with its execution policy.

LimeFX was flagged for any of the following problems and may have exhibited several of these issues. Broker Complaint Registry experts are skilled at tracking down crypto frauds on the blockchain. We will work with you to track down your funds and can help you file a complaint with the authorities.

They collected all the relevant information and swiftly put a case forward for me. Sure enough within a day or two of submission they’d won the case for me. Broker Complaint Registry’s mission limefx reviews is to assist victims of online scams. Leads may be provided to third-party vendors that offer compensation in return. We use dedicated people and clever technology to safeguard our platform.

LimeFX Review – Report a Scam

However, in order to get access to better service and lower spreads the minimum deposit goes up to $1,000,000. Furthermore, there is no trail of bad history or malicious misconduct towards clients or any manipulation of funds, client reviews are very positive as seen on their website. Danielle is a specialist in financial mis-selling matters with a particular interest in pensions and LimeFXs. We cannot provide an exact figure until we have completed our investigation as your loss will be dependent on the amount invested and the nature of the LimeFX. If you account falls below the ‘maintenance margin’ and you do not deposit additional funds into the account, then the position will be closed and any losses at that point will be realised. CFD trades are available on thousands of products including shares, indices, currencies, commodities, interest rates and bonds.

Leave a Reply

Your email address will not be published.