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Working with over 3,500 partners around the globe and with over 100,000 clients or traders, the company makes $1.3 billion turnover every month. You can check out GrandCapital comments and client reviews to get a clear picture of the broker’s experience. LimeFX has been on the market for a long time, so you can find many reviews about the broker on the Internet. We have thoroughly analyzed the responses of traders and come up with the following conclusions. In most cases traders appreciate the terms of execution of orders, withdrawal of funds and the trading process in general. As for negative reviews, they seem to be responses from non-existent clients because their authors ignore the questions of the company’s representatives.
Customers can theoretically make unlimited pre-KYC deposits via wire transfer to banks in Nigeria, Namibia, South Africa, or Vietnam. In addition, we found the usual suspects like Perfect Money, AstroPay, or FasaPay as facilitators. The group operates two offshore brokers, GrandCapital.net and GCOption.com, as well as the trader education site GrandCapital.ng.
Stay very far away and protect your financial health. GrandCapital, which operates illegally without authorization, was accepted as a member of The Financial Commission in 2016. In our initial review, we discovered that the GrandCapital group was also behind the Estonian crypto payment processor SerenityPay a/k/a Serenity Financial. The spreads vary from account to account, but they are very wide in nature.
Be especially careful of system sellers who offer programs at exorbitant prices justified by a guarantee of phenomenal results. Instead, look for legitimate sellers whose systems have been properly tested to potentially earn income. Examination of a forex robot must include the testing of a trading system’s parameters and optimization codes. If the parameters and optimization codes are invalid, the system will generate random buy and sell signals. This will cause unsuspecting traders to do nothing more than gamble. Although tested systems exist on the market, potential forex traders should do some research before putting money into one of these approaches.
One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too. The LimeFX Binary mobile app delivers a mobile app for binary options trading on iPhone/iPad and Android platforms. The GC Invest mobile app allows you to manage your accounts and get the latest news and technical analysis. LimeFX was established in 2006, with over 30 regional offices in Russia.
Trading Instruments
The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality. All information should be revised closely by readers and to be judged privately by each person. Funds can be withdrawn via credit cards, wire transfers, Bitcoin, and tons of e-wallets, including Neteller, Perfect Money, Skrill, WebMoney, PayPal, and much more. Withdrawals via wire take between 3 and 5 working days, while the rest usually take up to 3 business days. 90% of brokers has St.Vincent as a main legal entity or as an alternative one for work with various regions.
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WebTrader has similar functionality to MetaTrader 4, but with all the flexibility of a browser app with no need to download. WebTrader boasts cross-browser compatibility, technical analysis, current quotes and synchronization with MetaTrader 4. LimeFX offers Metatrader 4.0, a Forex trading platform with advanced features for financial market analysis, available for Windows and MacOS desktops and Android and iPhone/iPad smartphones. In the standard account, deposits start from 100 dollars and spread starting from 0.1. Even though the broker claims that spread starts from 0.1 dollars, spreads can go as high as 33 on many securities when looked closely. While opening a trading account with the broker, you will be required to make a deposit of $10.
- LimeFX is a good broker with best cooperative staff.
- The company is regulated by Finacom and has been assigned category A — the highest category of broker’s reliability.
- LimeFX is an unregulated broker and comprises two companies based on the Grenadines and Seychelles.
- With minimum deposits starting as low as $10, LimeFX is a great place to get started in Forex and branch out to more exotic instruments like energy futures and metals.
The broker offers a demo account with $ virtual trading funds to practice trading and to know all features and test new indicators & EAs. LimeFX is a Safe forex broker, Regulated – CRFIN, Company – LimeFX Ltd, To find the more best forex brokers reviews Listed. LimeFX’s Micro account type features a minimum initial deposit of $10. Standard and Swap Free accounts have a minimum deposit of $100. A persistent scam, old and new, presents itself in some types of forex-developed trading systems. These scammers tout their system’s ability to generate automatic trades that, even while you sleep, earn vast wealth.
the service was very fast.
You deposited your funds directly to an individual with whom we aren’t affiliated. While at my Bank explaining the scam and closing my account, My biz partner contacted Mike. Now the refund status has changed since I called their 40% bluff. Now they said to get a refund I need to bring them a client who will invest with them AND I will get hit with a 40% surrender fee. If the moderator didn’t allow such empty-handed statements, a number of positive reviews for your company would never have been approved.
The micro account commission is $0, and crypto offers a 0.5% commission. The Standard, Swap Free, Crypto, and & MT5 account starts with a minimum $100 Deposit. The Micro account offers the lowest $10 starting deposit. The ECN account minimum deposit is higher than others; you need to make a minimum of $500 for an ECN account opening. LimeFX is an online Forex and CFD brokerage firm, and it was founded in 2006. Over 15 years has grown to provide good trading services, including share dealing and social trading.
All the unsuspecting trader has to do is hand over X amount of dollars for the privilege of trade recommendations. LimeFX is a global brokerage firm whose offices operate in 40 countries of the world. The broker’s scale of operation is supported and expanded by 18 thousand partners all over the world. 200 trading instruments are available, including currencies, cryptocurrencies, CFDs on currencies, indices, stocks, metals, energy resources, agricultural products, and bonds.
- As a contact email, SerenityPay has provided a GrandCapital email address .
- The MT4 is a well-known platform, and the MT5 is the earlier version of the MT4.
- I trade only on the ECN-prime account and only intraday.
- The trading platform used by LimeFX is MetaTrader4 which comes with customizable features that make it convenient for all types of traders.
Users caught spamming or abusing will be deleted from the site and prohibited from future registration at thatsucks.com and affiliates. We recommend staying within the range of good taste and respectful language to avoid any unpleasantness. Apart from a few isolated cases, LimeFX enjoys a good reputation among users. Of course, no broker is without complaints, so you will find the usual unsatisfied customer here and there but there are no horror stories and no major scam allegations.
Famous Stocks to Trade
The point spread between the bid and ask basically reflects the commission of a back-and-forth transaction processed through a broker. These spreads typically differ between currency pairs. The scam occurs when those point spreads differ widely among brokers. limefx courses scam ReportScamOnline now considers LimeFX to be operating an online scam. We recommend that our readers not trade with this broker and if you have an open account with this company, we suggest you try to withdraw your funds as soon as possible.
Many saw a jail cell for these computer manipulations. But the majority of violators have historically been United States-based companies, not the offshore ones. The spot forex market traded over $6.6 trillion a day as of April 2019, including currency options and futures contracts. As a contact email, SerenityPay has provided a GrandCapital email address . The broker claims that there are more than 300 assets and instruments available for trading. But when looked at with utter details in each category of instruments, be it forex, or stocks, there are very few products available for trade.
Another bonus is the “Day of Risk-Free trading.” This bonus gives all LimeFX clients trading using their Option accounts an entire day of risk-free trading. This promotion requires verification of your mobile phone number and documentation for identity verification. Any losses incurred using your Option account is compensated back to you within one calendar month, provided that you deposit to the Option account at least once during that month. The maximum amount of the compensated losses cannot exceed $10,000. WebTrader allows clients to trade right in their browser. WebTrader provides different interfaces for Forex and binary options trading, indicators and charts.
I am trading with LimeFX already…
We recently published our initial review of the high-risk payment processor PayOp and revealed that it is essentially a Ukrainian scheme operated through legal entities in Canada and Singapore. The @InsiderCyprus informed us on Twitter that PayOp is linked to the FCA-regulated e-money institution PayDo, controlled by the Ukrainian Sherii Zakharov. PayDo is apparently heavily engaged in Russia, where many of its website visitors come from. There are no blocking mechanisms for clients from regulatory regimes where GrandCapital has no authorization. Onboarding also does not meet the regulatory requirements of FCA, ESMA, ASIC, or other regulators. Clients can make deposits without proper KYC/AML even before verifying their identity.
These are entities that falsely claim to be a regulator, governmental agency, or international organization that do not exist. For each of the entities listed, the SEC has determined that there is no US registered securities firm with this name. Where applicable, the “Note” section for each entity provides additional relevant information we have learned. In many cases, SEC investigation reveals that the soliciting entities are not registered in the United States as they claim or imply. In an effort to warn the public about these entities, the SEC is publishing information it has learned in reviewing these complaints.
Regulation
The developed platform allows traders to significantly… I am so much into forex trading that I devote all my free time to it. My friends dragged me to LimeFX, so I didn’t even try trading in other dealing houses. One of the oldest brokers combines time-tested strategies and new solutions, constantly improving service. This website is using a security service to protect itself from online attacks.
I woke up and account was blown and trader still did not return call nor messages. The trader has purposely took these trades to look like he lost the money due to bad trades when it’s actually a scam that broker is participating in too. I had $5k in a separate account that I managed myself. He had the nerve to contact me after the account was blown offering to trade the other account so that he can purposefully lose the money in that account too. I closed those trades and made a withdrawal request of $4730 in bitcoin.
Any referrals to 3rd parties may have computational rewards. When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification. This will tell you whether they are regulated by a central authority or if LimeFX https://limefx.club/ Option is an offshore and/or unregulated entity. They are also a member of the Serenity, which provides security and prevents scams of client funds. The MT4 is a well-known platform, and the MT5 is the earlier version of the MT4. Both are suitable for traders for the good interface and many advantages.
LimeFX is regulated by the Financial Commission , an external dispute resolution organization based in Hong Kong. Basia Hellwig has 30+ years of experience as an independent magazine editor and online content producer. An expert in consumer credit and consumer rights, management strategy, and small business, she is a veteran editor of consumer and business publications. She has an honors BA degree in political science from McGill University in Montreal, Quebec.