Only facts about LimeFX: forex broker review, reviews

Attention! The company is suspected of fraud

The number of offers of brokerage houses offering their services in the financial markets is growing in proportion to demand. Based on the experience of preparing reviews, we can say that most projects are fraudulent. One of these pseudo-intermediaries will be discussed in a recent review. LimeFX positions itself as an honest company, but the feedback from ex-clients suggests otherwise. This makes one doubt the reliability of the office and its desire to build long-term relationships with traders. Why limefx.com has earned a mediocre reputation on the Web and how not to be deceived - read in our material.

What information did we find out about LimeFX?

On the official website limefx.com there is information that the forex broker has been operating since 2008. Words are not worth believing. We checked the domain name and found out that the project was launched only in 2013. It turns out that the office worked for 5 years without its own website? Very strange. Most likely, the charlatans deliberately overestimated the period of work in the financial markets in order to add solidity to themselves. In previous reviews, we already wrote that this is how cheaters act.  

The creators of "LimeFX" brazenly lie. We were convinced of this when checking the legal documents of the office. On the official website of the pseudo-intermediary, it is written that its main office is located in a large financial center - London (Britain). The following legal address is indicated: 22 Gresham St, London EC2V 7PG. 

Note that the headquarters in the UK is needed by scammers just to divert their eyes. In fact, we are dealing with an offshore forex broker registered in Saint Vincent and the Grenadines (document number 24310 IBC 2017 issued 3 years ago). In the reviews, users emphasize that all conflict situations are resolved in accordance with offshore laws. Accordingly, the chances of achieving justice are zero.

According to legend, LimeFX was originally engaged in the creation of trading robots, and then entered the stock exchange and began to provide brokerage services. She allegedly actively works in the international arena, including with traders from the CIS countries. And where, one asks, is the permission for such activities? On the web resource limefx.com it is written that the company operates in accordance with the law of the Russian Federation “On the securities market”. But this is again a blatant lie!

The office does not have a license from either the Central Bank of Russia or from the British regulator. The pseudo-broker is not worried that he is operating illegally. Fraudsters don't need permission to scam people. Judging by the abundance of negative reviews, LimeFX manages to deftly deceive both beginners and professionals.

How to create a personal account on limefx.com?

Pseudo-broker “LimeFX” has simplified the procedure for creating an account on its website as much as possible. It is enough to fill out a short electronic form to open an account. It must contain the following information:

• first and last name;
• country of residence (select from the list);
• telephone number with international code;
• E-mail address;
• password (twice).

After that, it remains to accept the conditions for the processing of personal data. In the reviews, users indicate that it is dangerous! LimeFX has been seen in association with other scams. Surely this pseudo-broker shares with them the contacts of his clients. Email scams and annoying calls with “tempting” offers will be hard to get rid of later.

As a lure, the fake broker offers 30% a signup bonus. Naturally, the offer is valid “only now”. Potential customers are encouraged to hurry up with the decision. LimeFX tries its best to keep a potential victim off the hook.  

Training for beginners - another scam from the forex broker LimeFX

Given that the majority of clients are newbies who simply fell for bright advertising, LimeFX took care of motivating them. He promises everyone comprehensive assistance and advice. Plus, the official website of the pseudo-broker limefx.com provides:

• glossary (review of professional terms);
• webinars;
• electronic books;
• instructional video.

While preparing the review, we also found out that, in addition to free training, LimeFX offers everyone to practice on the “Investor Training Simulator”. The idea is not bad, but there is one “but”. All this is done not for the benefit of traders, but solely for bait. Then the experienced psychologists of the fraudulent office will promote the potential victim to replenish the real account. As soon as the user will be led to these persuasion and deposit funds, they will not panic with him. The deposit will simply be drained, which is also confirmed by the reviews of ex-clients.

Overview of the trading conditions of the fake intermediary LimeFX

Like most other breeders, LimeFX is in no hurry to open cards. There is virtually no specifics about trading conditions.

Many traders in the reviews note that due to inexperience they did not pay attention to the fact that the forex broker does not provide access to financial markets. At the same time, the list of promises includes “a 100% refund in the event of a complete loss of the deposit”. Think logically: what is the point of a broker doing this?

To quickly drain deposits, charlatans use MetaTrader 4 terminal. In past reviews, we have already said that this platform is easy to manipulate. Breeders can draw any graph. At the same time, only a pseudo-intermediary will earn money, and all transactions of the trader will be a failure.

In addition, representatives of the LimeFh company offer to trade on own platform xCriticalwhich is advertised as “trading solution with high productivity, intuitive interface and instant execution of trades”. In fact, this is a terminal that is easy to “twist”. It gives the results the scammers need.

As for trading accounts, their review is very poor. From the information presented on the site, one can only understand that they differ in the size of the deposit:

• Mini. Starting deposit - 500 dollars. From the conditions it is only known that the minimum position volume is 0.1 lots;
• Standard. To open such an account, you need 5,000 USD. Considering that the conditions on the site are not specified, it is impossible to understand its differences from the “Mini”;
• Silver. To open a “Silver” account, you will need 7,500 dollars. From the conditions it is only known that the minimum position volume is 0.5 lots;
• Gold. The deposit starts from 10,000 USD. Within an account, the minimum possible position volume is 1 lot;
• Platinum. The starting deposit is $25,000. The minimum trade is 1.5 lots;
• ECN. This account will require $50,000 to open. The minimum trade is 1 lot.

Note that for owners of VIP accounts (these include Gold, Platinum and ECN), the assistance of a personal manager, market reviews, personal strategies and the development of a trading plan are additionally offered.

What are the reviews about the fake forex broker LimeFX?

Considering that LimeFX has been operating on the market for more than a year, there are enough reviews about this office. The pseudo-broker is accused of manipulating the terminal, refusing to withdraw funds, disgusting support work, and much more. To be honest, we are surprised that these scammers have not yet drowned in a stream of negativity and continue to work.

After reading the reviews of the company's ex-clients, you can understand: it is dangerous to cooperate with the LimeFX pseudo-intermediary:

One of the appeals to us, a former client of the LimeFx broker, was deceived.

Divorce scheme on limefx.com

LimeFX finds new clients on thematic forums and social networks, but the bulk of potential victims come through referral program. In the reviews, traders write that they fell for empty promises, which they later regretted bitterly. 

To bait beginners, scammers use free training and their “magic” investor simulator, which allows you to train without risking your budget. As soon as the trader, inspired by victories, loses his vigilance, he will be gently but persistently bred to replenish the account.

Then there is a banal scheme: the client deposits funds and starts trading. Fraudsters draw winning deals for him and allow him to withdraw a penny profit. All this is done in order to convince the client of the need for a larger investment. Who doesn't want to make money? Problems will begin when the trader wants to withdraw profit.

In the reviews, users indicate that the company is not even going to make payments! An excuse is easy to find: the need to pay fake taxes or commissions, technical difficulties, etc. It is useless to be persistent. LimeFX managers simply ignore complaints and appeals. In extreme cases, they can block the account, accusing it of violating the user agreement.

Recommended articles for you:

• TOP stock market brokers;
• Who are traders and what do they do?
• TOP -5 cryptocurrencies of 2020.

The results of the review of the office "LimeFX"

An independent review of LimeFx showed that you should not contact this office. The maximum that you can get from such cooperation is a lot of problems and an empty wallet. Offshore swindlers skillfully disguise their offspring as an honest company, but the reviews of deceived traders reveal the truth. The fake forex broker does not have a license, so it operates illegally in the international arena. Remember: the LimeFh scammer will try to squeeze every last penny out of his victim. Be careful and stay away from him!