Tradereview Review Avoid This Scam Broker At All Costs

CySEC participates in the European Securities and Markets Authority Board of Supervisors. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Our in-depth and unbiased reviews limefx review help investors in choosing the best broker according to their investing needs. After clicking next, there will be a questionnaire about your trading and stock market knowledge and past trades experience.

In order to be sure that LimeFx is not a scam, read our trader reviews and check other popular trading related websites and forums. However, lime fx a demo account doesn’t present a realistic picture of trading. That’s why Tier 1 licensed brokers have available micro-accounts.

The online brokers offer a range of advanced trading tools like social media platforms. There is an economic calendar from which you can know about all the events related to financial markets and all about the economic data releases. The advanced services, professional customer support, demo accounts, research tools like report season calendar, and many extremely pleasant functions make it a great choice. A free demo account could be used with any retail and professional traders to practice in similar market conditions as live trading. 72% of retail investor accounts lose money when trading CFDs with this provider. It offers trading instruments like stocks, CFDs, indices, cryptocurrencies, ETFs, commodities, metals, and more.

What’s Wrong With LimeFx License and Regulation?

In order to start trading with LimeFx, you have to deposit at least 250 USD . For updates and exclusive offers, enter your e-mail below. Important to realize is that spread starts at 6.9 pips for basic account. Available to both iOS and Android users, the LimeFx app has been built with simple and fuss-free trading in mind.

However, for EUR/GBP, the silver account is 41, the gold account is 26, and the platinum account is 19. Without a demo account, they force you to open a live account before even seeing the trading platform and conditions. You’d be risking real money because the unlicensed scammer is ready to steal it.

In our tests, we have tried to contact LimeFx services and each time we were able to get in touch quickly. If you need or want assistance, there are a few possible ways to contact the LimeFx service. Like any other regulated broker, withdrawals will only be effected towards the client.

Our recommendation: Trading at LimeFx

MT4’s popularity is at an all-time high in the business. Because it is simple to use, you can readily access this platform. With a simple interface and one-click trade execution, you’ll be up and running in no time. There is a multitude of tools available, all of which can be customized. It supports a variety of platforms and languages, as well as hedging and backtesting. The workflow of MT4 is transparent, making it simple to use for both technical and non-technical users.

The broker claims your Account Manager will determine which level your account should fit. As mentioned above, LimeFx is a regulated brand under the CySEC (Cyprus / EU) regulation when it comes to legal permits. Furthermore, The company’s main office – Isiodou, Andrea Laskaratou & Emanuel Roides Street 10-12, 2nd Floor, Ayia Zoni, 3031 Limassol, Cyprus. Take a researched, confident step into the markets, by getting to know all there is about trading CFDs.

If you’ve lost money to this scam, know that you’re not the only victim of Tradereview scam. On the dubious WebTrader, we saw a spread of 2 pips for EUR/USD, which is double the industry’s standard and too wide to be competitive. Add to that Tradereview’s unregulated status and it’s impossible to make profits. Yet, the broker didn’t specify how tight, i.e. we didn’t find out how low the spreads start on the website. Imagine the disaster if you allow a scammer such as Tradereview to gain access to all your personal files on your PC.

Experiences

We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform. Companies can ask for reviews via automatic invitations. Sadly for me, the conversations between their brokers and myself, took place by phone.I have asked LimeFx to get a report of those phonecalls but I never got it. If I had, it would provide me with, as per the GDPR compliance.

• Since the sharia law outlaws the accumulation and acquisition of interest, holders of Islamic trading accounts don’t pay interests nor receive them.
• LimeFx is a fast, technically secured, and solid gateway to the international financial markets.
• After clicking next, there will be a questionnaire about your trading and stock market knowledge and past trades experience.
• All of the bases are covered, and traders at all levels will have the platform and the tools they need – both on desktop and mobile devices.

To open an account with the LimeFx broker, investors or traders should first know the accounts provided to trade. All tools work as expected, the support team shows a high level of skill, withdrawals are fast, and the leverage is reliable. LimeFx is the best platform for traders and it helps traders both new and experienced to trade on cryptos and forex via dozens of currency pairs. A huge variety of assets available on the site, helps traders to trade with different assets.

However, we prefer it if there is only a single account tier to make it fairer for small traders with small accounts. The spreads on the low-end tiers could be a little better. The inactivity fee and withdrawal fee is another small negative point. The traders don’t have to give any commission per trade to the broker. The broker earns via spreads that are variable with respect to different accounts and assets.

It was not satisfactory in any possible way, as it does not cover the suffering that I have endured while handling my trading account. We’re sorry to hear that you’re not happy with our service. May be it was some system issue but as you didn’t reply on our request you’re not our client and we can’t investigate this case and https://limefx.biz/ offer you a solution. I was not given explanations by my manager but ordered trades instead. I was promised safe and secure trading but in reality, never had any control over my account. Traders can open accounts on the LimeFx broker through the “open account” link given on the right side of the broker website homepage.

CFDs are complex instruments and involve a high level of risk due to leverage. 72% of of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. In our LimeFx review, we liked the cryptocurrency offer the most.

Commission and fee:

As already mentioned above in the review of LimeFx, the broker offers MetaTrader 4 for mobile and web trading. The broker may also provide an Islamic swap-free Islamic account. Gold and platinum account holders will get a swap discount of 25% to 50%. Traders must note that swap charges change on Wednesday. Check here account-wise swap charges from the below points. On the next page, traders need to answer some questions related to their past trading experience.

The spreads are great, withdrawals are fast, the mobile app is very convenient. In case the client wishes to withdraw less than €100, additional fees may apply and you will be informed in advance accordingly. At LimeFx you can trade a variety of international markets such as index CFDs, stock CFDs, foreign exchange CFDs, commodity CFDs, precious metal CFDs, crypto-currency CFDs.

These people are more responsive than 911 in white neighborhoods. If you are a trader who likes to open and close positions in international markets, then LimeFx’s mobile option might be best for you. LimeFx offers commission-free trading, although spread and swap prices vary based on the product and account type.

An inactivity fee is also charged by the traders who have been inactive for more than 60 days. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Not only that trading conditions are unknown, but also the minimum deposit requirements.

Allegedly, there are no fees and commissions but we don’t know anything about the minimum deposit amount. What we do know is that the Tradereview withdrawal amount must be at least 50 $. The minimum deposits for each account type weren’t disclosed. As for the leverage, it’s extremely risky to trade with such high caps. However, WebTrader is a pretty lackluster platform without advanced features such as automated trading, in-depth analysis and sophisticated charting. Tradereview doesn’t support valid third-party software such as MT4, MT5 or cTrader.