But regulation is definitely not the only reason for calling this broker a scam. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. He even forced me to login into my bank accounts so and checked my bank balance.
You cannot help but wonder who would trust an unregulated company like LimeFx blindly. LimeFx has five LimeFx plans that allegedly caters for the needs of all their clients. They have Mini, Advanced, executive, prime, and VIP accounts. If you deposit a huge amount of money with this company, you will not hear from them again.
The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business. The platforms’ VIP account comes along with multiple advantages. You can trade assets that have a low price in the market to experience hedging. LimeFx claims they are leading in the industry, and they deal with multiple brokers in the industry.
Usually, these countries are haven for the scam brokers. It was the morning of 15’th May 2020 when I received a phone call on my mobile phone from an unknown number. The lady on the other side, who had a Filipino accent, told me that she is representing an online financial education platform by the name of “Capital World” which as per their website, is based in the UK.
LimeFx Regulation and Security
What makes the broker more suspicious is that they share free stock pictures as staff members on its website which we are already working on to be taken down. These things show how fake and untrustworthy the broker is and how unsafe your LimeFxs are. If you want to withdraw your money and it does not matter if you have profits or not, https://limefx.name/ they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. Unfortunately, the con-artists have no such thing in mind.
I was held at ransom since a substantial amount of my hard-earned money was now with him, and as per him, if I would not comply, I would lose my money. I was held at ransom since a substantial amount of my hard-earned money was now with him and as per him, if I would not comply, I would lose my money. I have been trying to withdraw my money since 8th february 2021.
- Read our LimeFx review carefully to see why we do NOT recommend this broker for trading.
- They have Mini, Advanced, executive, prime, and VIP accounts.
- Since it does not have any regulatory body above, the broker can practically do anything.
- If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided.
He opened more trades on my account and said that he would send the money. About two days later, when I saw the account, all the trades were negative, and he pushed me hard to start depositing more money. One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense limefx company reviews 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.
If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at but do not let your broker know they you read this article or that you are in contact with us. LimeFx is a scam platform that will not lime fx yield any investor profit. The company does not perform any digital currency or Forex trading services. We hate to break it down to you that you will only lose your money if you trust them. Upon understanding the same, I tried to create a withdrawal request and withdraw my money back and tried to speak to Mr Phillip Weber about it.
Then they’ll get you to put in one SICK trade that goes the opposite direction so quick before you could blink and you won’t know what’s happening. Overnight wipe out and you’ll never hear from any of them again! I have learned how to trade by myself and my trades have given me a good and steady profit but trades opened with their signals added up because of the very very bad trades is in NEGATIVE!!
I don’t know for sure if they are from the same crowd behind LimeFx, but maybe/likely are. The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums. Read our LimeFx review carefully to see why we do NOT recommend this broker for trading. After taking a look at their website, it shows that they do not fall under any regulating agency….
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country.
They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you. LimeFx is a high-tech broker with a solid reputation in the marketplace and a user-friendly trading platform that traders can utilize to make highly profitable trades and transactions. TradingBeasts helps individual traders learn how to trade forex, cryptocurrencies and other assets as CFDs. We actively trade, publish educational articles and news.
What is a fake DMCA?
Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers.
Return my money or deal with the consequences, I am relentless. When a broker is unregulated or regulated by an entity outside of your jurisdiction, you have limited to no legal recourse in the event that your funds are compromised. In an event of theft, complaints can only be made if that broker is licensed by the regulator in your jurisdiction. Broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes name and website URL without any notice to existing traders.
ReportScamOnline now considers LimeFx Ltd to be operating an online scam. The company does not as well disclose the time it takes for them to process the withdrawal requests. There is a lot of information missing from this platform, and proceeding with them would be unwise. The LimeFx company accepts deposits via Wire transfer and credit cards.
Additionally, they assure investors their funds are in safe hands. Sadly, this is not the case, as the platform is not legit. I will advise everyone to stay away from this company as they are fond of not grantinhg withdrawal requests.
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All they asked for is more money, they ended up taking $56,000 I deposited to them and denied all the withdrawal request I made. I reached out to them, they stopped picking up my calls and responding to my mail’s. 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. If despite all the warnings you get scammed by LimeFx broker, do not hesitate to contact us. Our staff has years of experience in dealing with scam brokers and helping people to get the money back.
As an offshore broker, it is very hard to track the activities of this company. Since it does not have any regulatory body above, the broker can practically do anything. There are better Forex trading companies in the market that you can earn a considerable amount of returns.
A request to settle a debt, taxes or other amount owing and to send money via courier, prepaid bank card or gift card. The latest LimeFx Ltd review suggests that the company operates illegally and without a proper financial regulatory license. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – is available 24/7 and has helped consumers all over the world recoup millions of dollars. Be careful and verify your information through multiple sources.
You are responsible for ensuring that all services and activities of LimeFx Ltd. are authorized your jurisdiction. You guarantee that the services you access and use with the Company are permitted in your country of residence. Use of the services while it is unauthorized in your jurisdiction cause a significant impact. LimeFx Ltd. will not be liable for any damage and/or loss that you may incur upon your misuse of our services.