The LimeFX Forex Broker: A Review
LimeFX promises standout trading conditions through its many offers and services. On its landing page, the broker states:
Some make history, others grow rich on it.
This stands as a promise to what LimeFX claims it is capable of doing: of assisting its clients to achieve financial success. But of course, all brokerages promise the same to get traders’ trust and their hard-earned money, not to scam them, but to help them build a strong investment portfolio while making money in the process.
And while LimeFX’s tagline appears good on hypertext, it remains to be a claim until the trader reaps the benefits of trading with them.
What to Expect From This Review
This LimeFX review is a result of months of spending time observing and testing all the firm’s services and offers. After the review proper, the team believes that it had come up with a pointed and informed assessment of all the broker’s capabilities. It is to the supposition of the review team that the review would be sufficient in helping interested parties make a decision on whether or not they should enlist with the brokerage.
It actually does not come as a surprise that LimeFX had received a number of negative reviews. Trading, regardless of asset classification, is always a risk—a gamble if you may. As this is the case, many traders, may they be novice or seasoned, end up either challenged or frustrated. It is easy to blame a brokerage for bankruptcy; even easier is alleging one to being a scam and a fraud. But while such accusations may be fabricated, there are legitimate ones. And these are simply hard to ignore.
Hence, writing this LimeFX review is challenging as the team does not want to subscribe singularly to the negative claims that it had gathered through the review process. Despite its discovery, the team still opted to disclose its findings for transparency and honestly.
This LimeFX review then combines the review team’s findings through the tests and observations it had conducted and the client testimonies it managed to gather.
This segment of the LimeFX review examines the four primary areas of service of the LimeFX forex broker. The examination included a look into the firm’s trading assets, provided trading platforms, customer support service, and one standout feature, the Demo Real Campaign.
1. Trading Assets
LimeFX gives access to 5 trading instruments namely, stocks, goods, raw materials, currency pairs, and indexes. For raw materials, clients may trade oil and gas as financial instruments.
2. Trading Platform
The LimeFX forex broker offers two trading platforms available to its clients:
2.1. xCritical Trading Platform
xCritical’s platform had received the favour of the online trading community for its efficiency and ease of use. The review team’s experience with the platform had affirmed these industry observations. The team had experienced smooth trading conditions and greater trading opportunities. What the review team had noted is its ability to execute trades instantly and the numerous trading signals that it offers.
2.2. MetaTrader 4 (MT4)
MetaTrader 4 is easily the best pick for reliable trading software. A great number of traders online agree that its performance is a standout among the other service providers known across the industry. While the matter stands, the team had noted that through the LimeFX forex broker, some functions of the trading platform were dysfunctional, while some took longer than usual to work. This was something that the team could not ignore, given that with other brokers that provided the same platform, the functions it had observed simply did not hold any issues.
3. Customer Support Service
LimeFX is transparent with their contact particulars as the company had made it public through its site. However, the Customer Support team is not responsive to the inquiries. While this is the case, the review team had been thrown off by the fact that the Customer Support representative was only entertaining and forthcoming when he was convincing the reviewer to enlist with the company.
Another frustrating matter is the Customer Support representative’s attitude toward complaints and the request for explanation for lost funds. LimeFX’s analysts and customer support representatives are not clear and direct when answering these concerns.
4. LimeFX’s Demo Real Campaign
LimeFX’s Demo Real is the firm’s ultimate come on for traders.
Among its many offers, the review team had noted that this promo is one that can easily be proven as legitimate. Profit can be gained even if the user is only trading through a simulation. The review had seen this as a good gesture as this gives the novice or new user motivation to not only trade with the brokerage, but start trading altogether.
LimeFX Customer Reviews
It had already been established that the LimeFX forex broker had received a number of negative reviews that had left the review team second guessing about the legitimacy of the firm’s services. It is not a stranger to being tagged as a LimeFX Fraud, being blamed more often than not for the loss of money.
To establish authenticity, the review team had gathered a sample of LimeFX customer reviews and quoted them here. It is important to know that these testimonies are in no way, representative of the views of the review team.
From senafrolov May 5, 2019
“If I do not find this document on the broker’s website, then very quickly I send such comrades far and for a long time, and it is clear that in no case will I cooperate with such a company. Do I look like an idiot who wants to part with money?”
From ISpiritI April 30, 2019
“Who would not tell me that it is impossible to return funds from a fraudulent platform, but I will still go to the prosecutor’s office and file a corresponding statement. Let them look for these comrades, because on this site I left $ 7,500 by opening a Silver trading account, and therefore I have a very big grudge against cheating. You must deceive the people like that, I can’t imagine how you could believe them. But even I bought it, and I have experience in trading on the global financial markets, let alone other users who decided to invest more. If you have additional information about the swindlers, then write to me, we will fight together against the cheats who defraud clients.”
From larisa February 25, 2020
“Hello! You know, I almost fell for the broker analyst Yuri Dzhaizin. I don’t know the correct surname from the brokerage firm Limefx, he persuaded me so that I almost fell for it. have already started filling in their passport data. and then the husband heard and wrapped him around. and explained everything to me. they still can’t keep up. block them. looked at them at the electric fraudsters. they are there before signing a contract you need to check them 10 times everywhere. and if at least one of the comments is the opposite, then you need to refuse them and block them. and no loan in the bank’s moneveu there is also a fraud”
The claims quoted above place the image of the LimeFX forex broker in compromise. Being archived in hyperspace, the posts leave an indelible mark on the brokerage’s reputation. This is simply hard to push down. These accusations put two things about the firm into question:
1. Its Customer Support Service
2. Its license and regulation
It is a fact that LimeFX’s site itself did not post its license or a regulatory body that is supposed to be sanctioning all its trading activities. What this does is make the most inquisitive traders uncomfortable regarding LimeFX’s existence.
As already discussed earlier, LimeFX’s Customer Support Service is highly-questionable. The representatives that the review team had talked to recommended only band-aid solutions. The fact that they are only forthcoming when urging potential customers to sign up for the services of the firm, is unbecoming and altogether suspicious.
These comments and testimonies against the LimeFX forex broker, in addition to its non-regulation leaves nothing desirable for a trader looking for authentication and legitimacy. On top of these, review of the broker’s own Facebook page (https://www.facebook.com/pg/LimeFxTrade/reviews/) reveal a number of negative LimeFX Customer reviews that brand the firm as a scammer and a cheat.
LimeFX Fraud Allegations
LimeFX fraud allegations come as no surprise given the LimeFX customer reviews available online. The lack of declared license and regulation does not help the cause of clearing the firm’s name.
The review team recommends that the readers of this review rethink their interest for the broker. While thinking ill of the broker is far from being fair and wise, what would be is for the reader to practicing due diligence in searching for other brokerage options.