Scam or legit forex broker?
It has a lot of positive sides, and one of them is an investor simulator. This is a really good opportunity for beginners, so they don’t give up at the start of trading. Also, this company provides a lot of different financial services such as currency, stocks, cryptocurrency, oil and others. However, the managers are really annoying. The broker is interested in my money because it takes a specific percent from the money I invest. https://traderoom.info/ is good, but this fact makes me look for another company.
Customer Support Service At LimeFX
LimeFX claims to have been established back in 2008 as an STP broker. STP stands for Straight Through Processing. The STP broker directly passes all or part of the Client’s transaction to the liquidity provider for execution. By keeping some transactions internally, STP brokers are creating a market for these transactions, thereby fulfilling the market maker’s role.
The Conclusion: LimeFX Scam? Most Definitely Not!
A big number of financial instruments renders traders more flexible and allows buying/selling assets with fewer risks and more potential for profit. Negative reviews are the most important to understand how reliable a company is. Below are two negative reviews about the broker.
LimeFX Forex Broker Review
To reiterate, no one can guarantee traders’ success. Unfortunately, a lot of novice traders tend to trust them. To sum up, LimeFX broker does not stand out on the market as an honest and reliable broker. I hope our LimeFX review helps you evaluate their services and see their ups and downs.
LimeFX review: more about the company
500-dollar deposits are for basic LimeFX accounts as described above. Expensive LimeFX plans start at 5,000 dollars for their initial deposit. In all situations, minimum volumes of orders are pegged at 0,1 per lot.
- Also, this company provides a lot of different financial services such as currency, stocks, cryptocurrency, oil and others.
- I liked the investor simulator and polite customer support.
- That is why so many people lose in the financial market.
- What I am not satisfied with is such a high minimum deposit.
- Usually, brokers have regulators because they can only act in the frames of law.
The questions thrown around are valid, to be honest. These are understandable because no one wants to lose money. Everyone becomes wary when it comes to their finances. It is unlikely that LimeFX is a scam because there are many positive customer reviews that are written by real people.
This statement can be true if we are to talk about short and medium-term trading. In long-term prospects, all assets tend to fall. It will occur sooner or later, but it does happen. A trader should learn to predict price changes to perform sound, objective analysis. Now, LimeFX’s scope of territories has grown vastly, its services steadily advancing.
On top of these the firm had also expanded within the last decade to include assets such as Commodities, Binary Options, and Indices. This is not a scammer, but I want a faster withdrawal without having to get a VIP account. The LimeFX negative reviews do not complain of scams but about things which are not satisfactory for certain parties.
One of LimeFX’s most interesting features is the Investor Simulator. The feature allows traders not only to get a certain level of knowledge but all the money earned. Should the trader lose, LimeFX returns all the funds. The safety net is all too necessary for beginners, quite a generous gesture from the broker. The money is thus returned to the client as a bonus.
STP is a technology protecting traders from potential broker abuse. STP brokers simply cannot cheat even if they want to. With STP technology, all transactions are automated, brokers like LimeFX are merely barred from trading with clients. Traders are thus saved from any conflicts of interest. Incepted back in 2008 by a group of financial experts, LimeFX started as a provider of robots for automated trading.
After posting high prices, assets usually fall. That is why so many people lose in the financial market. Traders tend to buy currency, stocks, or cryptocurrency when the price is the highest, and after buying, it goes down. Traders can lose all their investments this way, especially if leverage is used or volatile assets are traded. When the price is at the lowest, this is the best time to administer trades. After this, it will, more often than not, grow.
Brokers can only do so much by helping a trader. It cannot guarantee, in any way, definite success. Like any traditional profession, a trader needs to work long and hard if the trader wants to rake in copious https://traderoom.info/is-limefx-forex-broker-a-good-choice-for-trading/ amounts of funds. We expect more comfort and services for the traders with such pricy trading accounts. Not an automatic sign of the broker being a scammer, suspicions against it will grow due to frequency.
