LimeFX scam

With your account data, you can log in to any device. Mobile trading is indispensable today and is required by many traders. For example, react to the go-to exciting market news or simply control your portfolio. Positions can be opened and closed in a few seconds via smartphone. Client funds are kept with the National Australia Bank. This bank has the highest rating and a more than $ 93 billion market capitalization.

  • We use dedicated people and clever technology to safeguard our platform.
  • For charting, several ways of representation can be used.
  • The broker offers you the options you need for professional trading.
  • Currently seeking legal advice as this is clear breach of contract.
  • We compared Vantage’s fees with those of Fusion Markets and IC Markets, two similar brokers selected by our analysts.

We also drew up a more detailed rundown of Vantage alternatives. Information posted on the portal, is for informational purposes. The official LimeFX website looks rather typical. A company that has been operating for more than ten years could create something more original. Perhaps the only plus here is the presence of several languages. There are a lot of banners with promises of narrow spreads, zero commissions, bonuses, etc.

Extensive Bonuses and Promotions

Similar to other global brokers, each entity’s offerings vary greatly. For instance, the Australian corporation does not offer social copy-trading, but the Cayman Island LimeFX brand does, with a difference of roughly 50 trading instruments. This point makes them suspicious, whether they are a legitimate broker or a scam. They provide a lack of information on Forex trading and limited training. The news feed, called Market Buzz, is a visually appealing interface that offers news analytics and sentiment indicators.

For secure online trading, broker regulation is required by most traders. The company must have an official license (through licensing/regulation) from a government agency to offer financial products. Official laws are always subject to specific criteria and rules that a broker must adhere to. In case of violation of these rules, an immediate withdrawal of the regulation and license threatens. The regulation thus creates a high degree of trust between the trader and the broker. Fraud can be completely ruled out with an utterly regulated offerer to 99%.

VantageMarkets is a regulated and reputable forex broker that has been in business for over ten years. The broker offers a wide range of financial instruments, including currency pairs, commodities, indices, and crypto assets. The account opening and the deposit/withdrawal processes are seamless and most of them are free of charge. If you want to explore the possibilities offered by Vantage, we recommend opening a demo account first. There are 3 main types of trading accounts at Vantage (STP, Raw ECN, Pro ECN), which differ in their pricing structure and the spreads provided.

Vantage was one of the first brokers I was introduced to and I still use them after about half a year. I’ve tried a about 3 other brokers since but Vantage is the most complete of them all and my preferred broker, with a professional service. Deposits are instant and withdrawals are in my account within 1 or 2 days. Do remember that the above fees are only relevant to forex. Other markets have their own pricing structure that is applicable to all account types. Our LimeFX review found that the platform offers very competitive fees.

These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone. It’s a pity that they become available only after you fund your account with at least a thousand dollars. However, their quality and quantity again depends on the size of your deposit.

LimeFX scam

It is only legal to bet on spreads in the UK and parts of Europe. However, it is important to understand that spread betting is not trading; it is a form of gambling based on the performance of an asset on the market. In addition to a generous 50% welcome bonus, the broker offers trading volume rebates, equity rebates, and referral bonuses. On the Vantage website, traders can access the Daily Market Update.

Vantage Review UK 2023 – Pro’s and Con’s

Moreover, the LimeFX app has excellent reviews online. For example, Vantage Markets is rated 4.9/5 on the App Store. On Google Play, the app has a slightly lower rating of 4.3/5. In addition to third-party tools, the LimeFX website offers financial news and insights.

Past performance is not indicative of future results. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. Although deposits at LimeFX can be made for free with no fees incurred, some withdrawal processes have a cost.

LimeFX Review: Deposit and Withdrawal Method

However, users will need to check real-time rates before placing an order. This is because spreads can change rapidly depending on how volatile the markets are. The Raw ECN account offers institutional-grade spreads, starting from 0.0 pips. This comes with a minimum spread of 1 pip on EUR/USD and more on other pairs.

Before starting his career as a freelance writer, Jhonattan studied at the Universidad La Gran Columbia from which he graduated in 2019. Jhonattan describes himself as a crypto enthusiast and regularly writes price prediction articles for new projects. As well as writing for Trading Platforms, Jhonattan has written for and Overall, Vantage’s award-winning trading ecosystem offers investors the tools to spot emerging market opportunities and capitalize on them quickly. Aside from the secure regulatory environment that the broker provides, they also offer some key features to protect you and your money.

Vantage Review

They are licensed and regulated in Australia by ASIC and in United Kingdom by the FCA. However, international customers will be trading with their Vanuatu or Cayman Islands branch. Rupert’s 70 years in the limefx official site business have been marked by technological disruption and globalisation. He seized these changes to achieve a scale and influence surpassing all his predecessors, to become the last newspaper tycoon.

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They have small fees on accounts and their customer supports are very active. is a broker reviews website, and does not offer any investing advice or service. Nothing on this website should be considered a recommendation or endorsement.

Is the quality of customer service satisfactory?

Traders can learn from other traders and resources through Vantage’s social copy trading service, which allows them to copy the actions of experienced traders. Yes, as we mentioned above, the demo account is available at VantageMarkets. This account utilizes virtual money to help you understand how the trading process works. Yet, if you’re more of a passive investor, VantageMarkets might not be for you. They’re better suited to people who want to be active in trading. The company has plenty of currency pairs to choose from, and you will have the freedom to trade however you want.

Irrespective of where the trader is from, all Vantage Market clients must go through a traditional KYC process. This requires the client’s personal information and verification documents – including a government-issued ID. Feel free to scroll back up to our section on LimeFX fees to reveal commissions and spreads for each asset. The types of analysis features supported by LimeFX are dependent on the chosen trading platform.

The company’s main objective is to provide an environment where those trading on the forex market can have a transparent experience. I have lost a substantial amount of money with vantage not a great experience tbh. I have known from other trading platforms they pay the profits in a different more valuable way. The Vantage web trading platform has great customizability.