Some of the major online scams we heard about are Forex scams, Cryptocurrency scams, Investment scams, Romance/Dating scams, Pet scams, Binary scams, etc. Scam brokers have a common way of fooling victims either. They either do it through cold calling, creating fake websites, or pop-up advertisements. Similarly, after investigating LimeFX broker, we found multiple proofs of scam activities done by Vantagemarkets.com. The idea is to warn brokers about the possible scam activities of Vantagemarkets.com.
The broker from many perspectives is a great offer in technology, reliability, customer service, and pricing. 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.
LimeFX Trading Accounts
Bank of America also warns to never click a link in a suspicious text message as it could load malware on your phone. And, if anyone saying they are from your bank calls you, don’t give out any personal information such as your social security number. Those who see the message and quickly reply could then get a call from scammer claiming to be a from the bank’s fraud department.
- You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.
- Opinions, market data, and recommendations are subject to change at any time.
- Traders can thus trade on real terms and simulate real money trading without risk.
LimeFX has got many negative reviews and traders who traded with this broker have raised many complaints against it. As there is no regulation, the people running the platform can pocket your money while bearing no responsibility for their criminal actions. Companies providing online investment services without a license cannot provide their clients with any sort of protection. In contrast, regulated firms are required by law to adhere to a slew of regulations that ensure the safety of clients’ funds. You will find the desktop, web-trader and mobile trading apps. They offer many solutions for managed accounts, automated trading, and signals.
For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. To get things rolling, let’s go over some some basic https://limefx.name/ terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees. Yet, if you’re more of a passive investor, VantageMarkets might not be for you.
In the time of information, it is not difficult to check the legitimacy and reliability of any company or broker. It is simple to safeguard yourself against fake brokers or blacklisted brokers. However, if you want more information, you can read about these common practices followed by scam brokers and check them with Vantagemarkets.com.
The different account types for traders
We tested it and collected the options and costs in How to withdraw money on Vantage. Check out the current account balance requirements at Vantage in our What is the minimum account balance at Vantage article. Is Vantage legit features all the key aspects limefx forex broker you need to look at to see if a broker is safe and legit. We really liked that you can change the default leverage size of the products when trading. In an added feature compared to MT4, the MT5 platform of Vantage allows hedging with 21 time frames.
Within 24 hours, the withdrawal should be executed during the week. ScamBroker.com 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.
Domain Age Information of LimeFX
The broker offers you the options you need for professional trading. From our experience, there are no disadvantages except the language barrier in English using the support. LimeFX is a reputable and trustworthy broker with an extensive and favorable trade offer for international traders. Captial.com is one of the biggest online brokers available and is certainly very trusted. They managed to attract millions of users thanks to the simple interface and the dedicated support team. If you lack trading experience or knowledge, then captial.com is the best option.
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%.
Trader Charged in $110 Million Market Scam Faces Dec. 4 Trial
While spreads on major Forex currencies can go below 1 pip during liquid times. Islamic accounts or Swap-free are available at the broker too, to those who are following the Sharia rules and require specific trading conditions. And of course, in the beginning, any trader can open a risk-free demo account with LimeFX. LimeFX is an award-winning, multi-asset broker headquartered in Sydney with over 10 years of market experience. Operating in 172 countries, the broker has more than 1,000 employees in over 30 offices globally. Vantage clients have access to a wealth of video tutorials on basic trading concepts for various assets and more advanced technical and market analysis.
- Apart from this, it will also help other people to be alert to such scammers and scams.
- If you want to remove your information entirely, contact our partners at Incogni immediately.
- Vantage accepts customers from all over the world with some notable exceptions, like the US.
- We request the readers move forward with extreme caution.
- Then, in February 2023, CONSOB banned vantagefx.com and vantagemarkets.com, Vanuatu-based entities.
The solution to protect yourself is to be aware of these scams. If you get such a message, don’t immediately respond. As soon as you can, review your transaction history to verify that such a transaction is pending and call the bank using the phone numbers on your statements or card. LimeFX provides 24/5 customer support to its clients. Phone lines, Live chat, and Email are also available here.