LimeFx scam: How To Protect Yourself From Forex Scams

Thank you for taking the time to post about your journey and sharing some advises for newbies. I’ve traded Tradersway for a couple of years and never had a problem with withdrawals. They might have slow execution when volatility hits but otherwise good broker. We have been using this broker for over a year and have nothing but positive experiences with the company. Custer service is exceptional, administrative processes have been easy and timely.

This is useful if you want to keep up to date with the markets and your positions but do not have access to your desktop computer. You can use the trading apps from anywhere in the world with an internet connection. Mobile platforms are available for download on both Android and iOS. I find myself often checking the app to see how my trades are progressing. I like to be able to take the markets with me in my pocket at all times so that I can see what is going on from my sofa, bed or whilst travelling around. Based on our findings TradersWay has a quite pleasant trading offering suitable for beginner and professional traders.

Crypto LimeFx scammers are targeting your community groups

All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. https://limefx.vip/ CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

• The traders that fail to make profits then post content online that blames the broker for their own failed strategies.
• I have never once had an issue with deposits or withdraws, never have had any “fraudulent” activity or anything fishy.
• Aside from that, you’ll need a reliable and secure internet connection as well as a browser.
• Trade Forex with real STP/ECN forex brokers to avoid conflict of interest.

If you would prefer a regulated broker, then you might want to see what TD365 have to offer. Between 74-89% of retail investor accounts lime fx lose money when trading CFDs with this provider. This is an update for LimeFx. Their servers have been completely glitchy lately.

DMA is a type of trade execution where you are offered direct access to the interbank, enabling you to place trading orders with liquidity providers . Trading with a DMA account is ideal for forex traders looking for maximum transparency and control. Information exchanged between the MT4 terminal and servers is protected by a 128-bit key for safety of trading transactions. There is no dealing desk to ensure no conflict of interest between broker and clients. I would also prefer to use an ECN broker with NDD as I don’t need to worry that the broker will be trading against me. They also tend to have the best possible market prices at all times for my experience.

Put in the time to go through the website and teach yourself to think more logically, and strategically, and most importantly, to keep learning. All accounts available can be traded with an Expert Advisor, and hedging is allowed. 🔎 Are you looking for a broker with wider selection of LimeFx choices? CMC Markets, and Interactive Brokers offer much more tradable securities.

Is TradersWay a market maker?

A company that should serve as your trading partner may end up being your worst enemy. It is therefore vital to be able to identify them and avoid them completely. The first step to identifying a trustworthy broker is regulation with reputable agencies such as ASIC, FSCA, FSA, FFAJ and various others. Regulated brokers are mandated to operate segregated bank accounts for client funds, separate from their working capital accounts.

Overall, it is in the best interest of brokers to have long-term clients who trade regularly and thus, sustain capital or make a profit. Our trading platforms (WebTrader/MT4) are an ideal entry point to online financial markets, enabling you to focus on what matters. Maximize your potential by taking charge of your trading ideas. 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.

Incentives to open an account can often be used against the trader when attempting to withdraw funds. Reading the fine print will help make sure you understand all contingencies in these types of instances. Trader’s Way is registered and working in line with the Commonwealth of Dominica legislation. Its jurisdiction does not require any special license for forex activity, making Trader’s Way a non-regulated forex broker. Despite not being regulated, Trader’s Way states that its clients’ funds are kept separate from its own funds and exclusively in the hands of reputable banks and financial companies. The best way to avoid landing on the losing side of this zero-sum game where there is always a winner and a loser to any trade, is to become adept at trading yourself.

Social Scams

I wanted to wait to post a review until I made my first withdraw. I’m a US resident and it is very difficult to find a broker with high leverage and no FIFO. They have out performed my two previous brokers as far as execution and the simplicity and functionality of the back office.

Bitcoin Trader is a decentralized cryptocurrency platform that may be used almost everywhere. Germany, Austria, Switzerland, Holland, Poland, Belgium, Spain, South and Central America, and Africa are among the nations on the list, as are the United Kingdom, Australia, and Canada. We still don’t recommend investing a lot of money for larger returns; instead, be patient and apply common sense. With all of this in place, Bitcoin Trader will be the ideal programme for trading cryptocurrencies for financial returns. Bitcoin trader is a fantastic software that has a success rate of up to 85%. Traders utilize it because it is efficient, user-friendly, and equipped with all of the necessary capabilities to keep data safe and secure.

These are the MetaTrader 5 and MetaTrader 4 and cTrader platforms. Despite being incorrect on all three counts, the business model appears to work well enough for this broker to remain operational. It does provide a list as to how it protects clients, but there is no independent verification of those claims.

You can make a transaction by logging into your private client area, choosing your preferred payment option and following the instructions. Support can be reached if you have any questions regarding deposits or withdrawals. Some fees may be charged when using certain payment methods.

LimeFx charges deposit fees depending on the payment method which you use to fund the account. You will never know what you will get in reality, while trading with an offshore or unregulated broker. TradersWayOverall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Company Information

We do not recommend trading or opening an account with TradersWay because of the high risks involved due to its offshore registration with zero regulatory obligations. Trader’s Way provides investors with various types of trading accounts, namely MT4, MT5, and standard and ECN accounts on cTrader. TradersWay offers clients the ability to trade Bitcoin, Litecoin, Monero, Dash, and other cryptocurrencies. TradersWay processes most client withdrawal requests within 48 hours on business days.

We are very pleased with the relationship and look forward to a long and successful relationship. Each time I’ve asked for a withdrawal, its been processed on time and their customer support responds back very swiftly and promptly. What most of traders face regarding withdrawal execution, you won’t have any issues with them. The only thing that I do not like about this broker is for Gold and Silver they require a minimum lot size of 0.10 instead of 0.01.

It was the first platform that I mastered and have never felt the need to switch to anything else as it does everything that I need it to. My favourite feature is that it can support automated trading with expert advisors. You can find thousands of free and paid EAs from the platforms market place and even develop your own using the MQL4 programming language. The strategy tester is a great way to back test EAs over historical data to get a rough idea how they may have performed in the past. Just keep in mind, you will need the desktop version of MT4 to use automated systems. You can just upload the image to a dropbox account and paste the link in your response.

Trader’s Way have an integrated economic calendar on their website that is provided by MetaQuotes, the developer of MetaTrader. This calendar displays recent and upcoming news releases, the markets impacted along with the forecasted and actual results. This calendar can be useful to stay in the loop with the latest market news and for fundamental analysis. scammed by limefx I think that this is a vital tool for trading and try to always check it before making any decisions. You can also get an economic calendar built-in the MT5 platform which is more convenient to access compared to switching tabs all of the time. The cMirror application allows you to copy the trades of other signal providers or offer your own signals.

So I am here to help newbies who is looking for good broker. Now they solved the problem and when I contacted their customers service agents they were really very nice. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. TradersWay is not regulated by or registered with any government or non-government body to supervise TradersWay’s activity and resolve trader complaints. You can receive a monthly bonus of up to $50,000 in your account, on top of your commission. Trade anywhere, anytime with top speed & security and without interruptions.

Evaluate Your Trades

The MT4/MT5 trading platforms receive an STP/ECN upgrade with MT QuickDeal 2.0. Per its own description of brokers to avoid, traders should not open an account with TradersWay, which violates scenario one. Hello everyone stop losing your hard earn money to fake brokers, if you are interested in trading binary option, recovery of lost funds from those heartle…

Daniel, thank you for taking the time to post about your experience with us. Usually those who have a positive experience do not leave a review so your insights are appreciated. I have been trading for 4 years and use several different brokers. I have decided to try these guys out because of there 1 to 1000 leverage. I’ve requested to lower minimum lot size of gold but its fine since they provide many other benefits.