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When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification. This will tell you whether they are regulated markets currencies by a central authority or if LimeFX is an offshore and/or unregulated entity. LimeFX Demo AccountYou can start with a demo account to test the platform before choosing a real account.
LimeFX Broker is regulated by FinaCom, This shows that the broker has deployed to gain the trust of their clients. However, using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance. Mistakes LimeFXpany reviews can happen even with the most cautious of investors, and should be used as a learning opportunity. There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances.
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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.
Constant vigilance should be applied at all times when sending money online. If you are at an office or shared network, you can ask the network administrator John Templeton to run a scan across the network looking for misconfigured or infected devices. ForexStronger.com is a free forex, Indices, Actions, Crypto News Website.
How Online Trading Scams Work
By putting together a compelling chargeback strategy from beginning to end, victims of online fraud have a relatively high probability of recovering some of all of their funds lost. 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. 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. When you finish your trial in a demo account, go to a real account to start trading. Author at Scamrecovery.net Sarita Cruz has spent the last 2 years writing financial reviews.
- Based on this user feedback, it appears that LimeFX is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform.
- After conducting some research on various social media platforms , as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with LimeFX.
- Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns.
- Mistakes can happen even with the most cautious of investors, and should be used as a learning opportunity.
- 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.
LimeFX Broker is one of the best online trading platform, established in 2014 in St. Vincent and the Grenadines. After conducting some research on various social media platforms , as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with LimeFX. Based on this user feedback, it appears that LimeFX is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform. LimeFX Broker now has over 25,000 clients who trade on their trading platform every day. If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.