limefx is a broker that knows how to treat customers and create a versatile experience. Often, when brokers try to craft a one-size-fits-all service, they end up leaning too far to one side. That means the other remains unsatisfied, with limited options. Alternatively, they balance everything out, but the entire service ends up underwhelming. In those cases, they’re a decent choice for everyone, but not anybody’s first pick. 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.
- You can help to stop scammers by warning your friends and family, and by making Action Fraud aware of any scams that you have encountered.
- Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result.
- It took lessthan a week, and I was very happy with my refund.
- Often, the answer to the first is vastly more important, as the brokers themselves are bigger threats than hackers.
- The same will also apply to other payment methods like PayPal.
However, a broker’s site can tell you a ton about the company if you take time to inspect it. For example, brokers like limefx that put effort into visual https://limefx.vip/ design often also go the extra mile in other areas. The example is somewhat menial, but there are also much more severe implications you can pick up.
You can help to stop scammers by warning your friends and family, and by making Action Fraud aware of any scams that you have encountered. They are providing accurate signals and have a strong analysis of market movements. 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.
- The FCA estimates that this restriction could save retail consumers up to £17m per year in lost limefxs and may reduce the risk of fraud by unauthorised entities claiming to offer these products.
- Often, when brokers try to craft a one-size-fits-all service, they end up leaning too far to one side.
- There are several payment methods offered, from Credit Card, Wire Transfer, as well as several forms of e-payment.
- limefx is a CFD and Forex broker that was founded in 2021 and is headquartered in Mauritius.
- Namely, while the broker maintains intuitiveness as a core principle, it doesn’t lack in market analysis features.
Similar scams may involve the use of logos from other legitimate organisations, like the Metropolitan Police or the Office of Fair Trading. Our experienced team is here for you to provide best possible customer service and support. The customer support team at limefx follows the usual broker structure, with a 24/5 work time. The representatives are quite capable and courteous, allowing for quick and efficient issue resolution. You can reach the representatives via phone, email, or live chat. As we said throughout our limefx review, the broker manages to provide top-tier trading conditions.
Refund was received promptly hassle…
The platform is available in web and mobile forms, maximizing convenience and user mobility. 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. Along with the firm’s clear terms and conditions and overall user-focused services, limefx’ integrity is apparent. This online broker provides five different trading accounts for its clients, the Beginners Account, the Basic Account, the Silver Account, the Gold Account, and the VIP account.
- 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.
- Higher account types also unlock different features that can make market predictions simpler and more accurate.
- By using a solicitor who is a specialist in CFD claims you will ensure that you put your best case forward and maximise your chance of success.
- That allows the brokerages to profit quickly and without much effort off of inexperienced or careless investors.
- Danielle is a specialist in financial mis-selling matters with a particular interest in pensions and limefxs.
Security is a vital factor for any online brokerage that tries to operate for a prolonged period. Unfortunately for traders, many of today’s brokers instead opt for a more malicious approach, harming users. That allows the brokerages to profit quickly and without much effort off of inexperienced or careless investors. As such, you need to strain yourself and explore each broker to ensure that doesn’t happen to you. To ease the process somewhat, our limefx review also goes in-depth about the firm’s security measures. limefx is a luxury brokerage that only started working recently and providing users with forex and CFD trading services.
There are options both for lower and higher spenders, following a tiered, limefx-based system. As such, the broker takes some weight off of choosing your account, as you can always opt to upgrade. Also, the cumulative deposit structure allows for users to improve their account over time by funding their trading. As for outside protections, there’s the fund segregation that we mentioned earlier in our review. Additionally, the broker employs encryption and user verification, allowing customers to control their personal and financial data.
All requests are processed within two business days of being submitted. Anyone who suspects they have fallen victim to the scam, and has handed over payments, should contact Action Fraud here for help and support. Danielle is a specialist in financial mis-selling matters with a particular interest in pensions and limefxs. Danielle joined the firm as a Paralegal in 2011 and qualified as a solicitor in October 2014. She has acquired extensive experience in high value, complex litigation traversing numerous practice areas. 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.
All deposits and withdrawals are processed depending on the level of priority of each account type. Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised or registered by us. Instead they will pass over a County Court telephone number to call where those needing to make a payment can do so by credit or debit card. We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary of dealing with this unauthorised firm and how to protect yourself. In some cases, withdrawals of funds deposited by credit or debit card are limited by the card issuer, and cannot exceed the original amount deposited.
limefx’ Trading Products
Based on the account type, traders can get access to better spreads and leverage levels. The FCA estimates that this restriction could save retail consumers up to £17m per year in lost limefxs and may reduce the risk of fraud by unauthorised entities claiming to offer these products. Oakwood Solicitors Ltd specialises in Financial mis-selling claims. We have a Financial Litigation team dedicated to assisting clients who have lost money as a consequence of negligent advice in relation to a financial product, such as a pension or an limefx. They may already have some of your personal data, such as your name, address or bank details and may try to obtain more in order to commit identity theft. Do not pay any money unless you receive formal written information first and are absolutely confident the organisation involved is legitimate.
limefx can offer its services to everyone, except residents of the U.S, Iraq, and North Korea. Keep in mind though that, You are responsible for ensuring that all services and activities of limefx.com are authorized in your jurisdiction. limefx is a new broker in the market and still doesn’t hold any major license from top-tier regulators like the FCA, ASIC, or CySEC. However, its operation is monitored by the FSC, and the broker is obligated to follow all standard AML and KYC policies of Mauritius.
The investor would then own the whole or part of the asset that they have invested in. If the asset then increases in value, the investor will be able to sell their shares at a higher price than they purchased them, which limefx website will give them a return on their limefx. 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.
84% of retail investor accounts lose money when trading CFDs with this provider. These products may not be suitable for all clients, therefore ensure, that you understand the risks and seek independent advice. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Some scams have used the MoJ logo or similar web or email addresses or London based phone numbers to trick people into believing them. 81% of retail investor accounts lose money when trading CFDs with this provider.
These include the complexity of the case, whether the claim is against an active adviser, the Financial Ombudsman or the FSCS, and whether liability is admitted or denied. By using a solicitor who is a specialist in CFD claims you will ensure that you put your best case forward and maximise your chance of success. Leverage in CFD trading is the means by which you can gain exposure to a large position without having to commit the full cost at the outset.