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limefx review: Is it a legit or scam forex broker?

  • By: Mike Davis, Esq.

Clients can withdraw funds from their account through wire transfer, Visa or MasterCard, Skrill, Neteller, and China Union Pay. All you have limefx scam to do is login to your account and follow the steps on their website. Adding funds to your limefx account is efficient and secure.

Those who trade with limefx can use the world-famous MetaTrader 4 trading platform. With this trading platform, you have the best entry into the global markets and on top of that, you can use a variety of analytical tools for your own trading. We will now introduce you to the variance of the MetaTrader platform. They offer a lot of indices to trade, and you can expect the major ones to be available too. For traders that would want exposure to stocks, they could opt to trade these stock indices.

Live Prices

You should then consider your objectives, financial situation, and needs, and take all reasonable steps to fully understand the possible outcomes of trades and strategies that can be employed. The multilingual customer support team can assist in English, Spanish, Polish, French, Mandarin, Portuguese, Korean and Japanese. Translation software is available to ensure requests in any language can be supported. Cryptocurrencies are digital assets used using exchanging digital token coins such as Bitcoin.

  • The broker offers several banking options as one would expect from a world-class broker.
  • This girl said she lived in Sanmin District, Kaohsiung and graduated from Kaohsiung University with a BA in Economics, a so-called forex analyst.
  • So ideally they only make a profit when you lose and lose when you gain.
  • They include a graphic rich display of currency rates, fully integrated news and resources, plus transaction history, communication tools, position and account reporting – all available on-screen.
  • Using the limefx mobile trading software is a great way for both novice and more experienced traders to invest their money on the go.

Its sad that a company has to resort to this to keep clients money or induce you to keep trading with them, very low trading tactics. I have funded my account and traded with this company for 3 months, since then I have decided to withdraw my funds as I’m not happy with the company anymore. If you have any other feedback in the future please don’t hesitate to contact us, so that we may continue to provide you with the best trading experience. Thanks to Hantec Connect App, I just few minutes to find and verify the Top performing traders and started copying their trades. Please i deposited 20k in hantec Zenith account but my account officer told me that the company will refund my money because they don’t accept ATM transferis it true? I made the transfer yesterday but up till now i haven’t received any payment.please i need your assistance.

Best Brokers

Most brokers provide educational and training tools to help traders understand how to use chats and platforms, how markets work, build strategies, analyze currency pairs, and what are the risks involved. On both platforms, you can trade manually or run automated trading systems. They are fully customisable and versatile, so you can trade how and when you want. I use the desktop platform to conduct complex analysis using my trading strategy templates and also to run my trading robots.

Is CFD a gamble?

What is a CFD? CFDs are similar to spread betting in that you can bet on stock price movements without having to actually own the shares. The key difference is that spread betting is considered a form of gambling, so is free from capital gains tax and stamp duty, but CFDs are only free from stamp duty.

There are plenty of video tutorials and insights about the different trading instruments that you can easily access for free. All of this helps you make better decisions about your trade, limit your losses and maximize the profits at the end of each day. Pro Trader Account – It is recommended for those who want to earn more money on their trading activities by not following any restrictions or limits imposed by the broker itself.

Deposit fees and options

2010 saw the establishment of the London branch of the flagship brokerage business and the expansion of Hantec Group to 7 regulated entities and 18 offices. Provide reliable and liquidating trading opportunities to clients…. I love the broker, but it is really difficult to operate that way, if the problem still happening on future I may consider changing the broker. Regarding your comment, we would like to let you know that some withdrawals from limefx can be governed by the source from which you have made the deposit. This means that some Payment Service Providers , which are third parties, only allow withdrawing the same amount it has been deposited. High security, don’t worry about your account being hacked by others.

If you are unable to log into your broker account, there is no need to panic. A professional broker never deliberately restricts user access to an account. You are told that the trader will trade for you, regulated brokers are not allowed to trade for you. If you receive a call from limefx forex brokers reviews a specific broker, but you have never registered with him. If you want to grow your deposit, there are better brokers out there who will not waste your time and money. In case you have alread lost your money, you can get that money back by filling out the form I gave you earlier.

Can’t see my account

The last one listed was the FX trader of the year and offered a first prize of $10,000, 2nd prize of $5,000 and 3rd place prize of $3,000 to the winners of the competition. This promotion expired in November 2014 and has not been replaced since. An Islamic account is also available for those traders who follow Sharia laws and cannot trade in interest/swap incurring accounts. In addition, gold and silver bullion are also traded at limefx and are offered with very low spreads. limefx, domiciled in London, UK, has been a market leader in Forex trading services for two decades. It is regulated by the Financial Conduct Authority and the Financial Services Compensation Scheme on losses of up to $50,000.

Is trading CFDs tax free?

Since you don't own the underlying asset when trading CFDs, there is no stamp duty to pay*. However, you will be subject to capital gains tax. Who can spread bet and trade CFDs?

Although leverage is a great opportunity to increase funds, traders should be aware that the risks are also higher. In some cases, brokers charge rollovers, also known as swap fees, for positions held open overnight. These fees are dependent https://limefx.biz/ on the interest rate differential between the currency pair traded in the open position. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors.

One of the most notable features of limefx is its customisability and search functions. On limefx traders can utilise fundamental data analysis to perform stock evaluation related to current economic environments, a company’s competitors, and a company’s financial health. Traders can use the data they find on limefx to determine a stock’s intrinsic value. ETFs (Exchanged-Traded Funds) are one of the most rapidly developing segments of the financial markets. They are popular among investors because they are inexpensive and transparent, and they provide easy coverage.

  • Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
  • Their user-friendly platform makes planning and executing trades much easier compared to other platforms.
  • This could be something you might want to look into if you want to manage a diversified portfolio and unlimited accounts simultaneously.
  • Traders can follow a few easy steps to deposit or withdraw funds from a limefx account.
  • This states that if for any reason, the company goes bankrupt, or they encounter any insolvency event, their clients are insured up to $100,000.
  • This jumpstarted their goal to grow and reach an even wider audience.

I would say that MT5 is perhaps more catered towards those who are looking to trade stocks and have complex strategies. For anyone who is a casual forex trader that just wants to buy and sell currencies, MT4 should suffice. Overall, I think limefx is a decent broker despite some limitations. They are an affiliate of the Hantec Group, a trading and investment firm that has been around for many years. This helps to give me confidence I can trade in a secure environment. You can trade via versatile platforms with relative ease on a limited range of financial instruments spread across forex, commodities and indices.

It was founded by a group of people in Hong Kong who possess a passion for helping others succeed in their trading journey. Throughout the years, the Hantec Group was known for a wide range of business types. These include real estate, finance, consulting, IT, and even Culture and Art.

limefx scam

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