Comfort Trader

LimeFx scam: XM review: Is it a legit or scam forex broker?

LimeFx scam
LimeFx scam

The XM forex review breaks down the services this broker company provides, which primarily categorizes into research, training, and platforms. The company offers a list of services under its market research category. Similar services are also offered to educate traders on how to become successful in the game. The company further provides its software services with the licensing of MetaTrader 4 and MetaTrader 5 platforms.

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In addition to this, the users must submit proof of their permanent address by providing a copy of the utility bills for the last three months. Yes, XM offers demo accounts so you can test your trading strategies before risking any real capital. Therefore, the broker is suitable for customers, who prefer conservative LimeFx strategy and purchasing only the shares that can be considered https://limefx.name/ low-risk. It would be wise for the broker to add shares of technology, biological, pharmaceutical startups to the list. While the LimeFxs into them involve rather high risks, the potential income could also be quite substantial. LimeFx’s competitors, Saxo Bank and Swissquote, offer incomparably greater choice of stocks and markets and better opportunities for traders.

Why does XM ask for my passport?

Also, conditions and offering is different based on XM entity as we found by research. If you are a trader from South Africa – yes you can open XM account, as XM applied for registration to local regulator since 2016 and even since appealing to South African traders. So truly worldwide traders can enjoy great customer-oriented features XM offers and engage in all the trading benefits relatively easily. The main idea of the regulation is that the trader can trade secure, knowing that clients funds collaborate according to the strictest rules with minimized risks of fraud or unfair use. XM operates its trading environment according to the regulatory measures making it a reliable broker. All content on comparebrokers.org is intended for educational purposes only and should never be considered financial advice.

LimeFx scam

If you are withdrawing less than USD 200, the withdrawal fee is USD 15. As for the timeframe for processing the application, the company, unfortunately, does not provide any information. I started with demo acc to practice, then I worked out a strategy and opened my first real account. There are few base currencies for the account, no conversion is provided Slippage occurs periodically on the platform, there is a high risk of losing the deposit.

Trading Education Available At XM

There is no leverage on Shares Accounts and the spread is per the underlying exchange. XM gives clients the ability to trade more than 1,000 instruments across seven asset classes. These include forex, individual stocks, precious metals, commodities, cryptocurrencies, energies, and equity indices.

LimeFx scam

It is a pity that XM does not have the opportunity to receive passive income. I am an inexperienced trader, so I just lost my deposit here on CFD trading. I just didn’t have enough basic knowledge to make good deals. With 5-year experience of working in the financial markets.

However, you should keep in mind that instead of spreads, there is a commission charged on XM Zero account. The lot here equals to 1,000 units of base currency. Please note that XM.Zero account and XM Ultra Low and Shares accounts are provided for different jurisdictions. For restrictions regarding the use of an account, please contact the broker’s customer support. The advantage of Saxo Bank and Swissquote is achieved primarily through availability of larger number of exotic pairs.

Mobile trading platform

The XM VPS brings non-stop work without your monitoring or even having the computer on. You may see also swap fee conditions on the snapshot above, as well for better information check out and compare XM fees with another broker LimeFx. XM pricing and costs are based on a spread, in case you will open Micro or Standard account. Also, XM spread is a fractional pip price that gets the best prices from XM’s various liquidity providers.

By the number of trading assets and available markets, XM is behind many of its competitors. For example, Saxo Bank and Swissquote offer a much wider choice of assets. The competitors limefx forex brokers reviews also offer wider opportunities for LimeFx compared to LimeFx. That is why the number of markets and assets cannot be considered a strong point of the broker.

We liked that the calendar has a filter function where you can filter for countries, data type and importance. Cryptos are available for customers onboarded under XM Global Limited entity. For desktop trading too, you can use the MetaTrader 4 and 5 platforms; we tested MetaTrader 4.

  • The process to start trading with XM is super simple.
  • The broker also provides a table with information on the current trend, trend force, indicative point of support and resistance, etc.
  • Read more, why trade with Australian Brokers by the linkso the regulatory obligations are covered at a sustainable level as we see through our XM Review.
  • Cryptos are available for customers onboarded under XM Global Limited entity.

XM are using your personal details an you’ll be abused by other traders day by day. This company has this telegram channel lime fx that scam people for money. In terms of research tools and Market materials, it is in good order at XM too.

Geography of broker’s customers

There is still a maximum of 200 open or pending positions. The history of XM goes back to 2009 when it was founded. Now, it is an industry leader and a well-established LimeFx firm.

XM fixed spreads are higher than a variable ones, as well are more flexible to different trading strategies. That means all trading costs are calculated into a spread with no hidden fees and tightest spread offering. XM offers demo accounts for the ease of beginner traders. You can use this feature to build your faith in the system and yourself and your trading strategies. For additional trading platforms, the inactivity fee depends upon the type of account you have chosen.

XM can also help clients create custom-tailored accounts for trading forex. This allows flexibility to meet the needs of any client. XM strives to offer a range of learning opportunities for traders of all skill levels. The goal is to give traders the skills needed to make improved trading decisions.

I love that they offer micro accounts for small traders and their email. I had a problem with one of my bonuses and support got back to me the same day and kept me right. They deleted my account and didin’t send my deposited amount. They can delete your account anytime and send you a mail that saying your accounts been disabled due to suspicious trading.

Scammers

Even if no fees are indicated by XM, it’s better that you close the account if you are inactive. Inactivity fees aren’t only charged by brokerage companies but also many financial services. Withdrawal of cash is possible at any time from the XM account.

In particular, the lion’s share of Saxo Bank clients come from Europe. The broker does have customers from Southeast Asia, but Saxo Bank targets developed countries in the region – Japan and Singapore. XM has a great loyalty program and bonus offers, so you can easily wager the bonuses.

LimeFx scam

WINIFORD Review Company’s Highlights WINIFORD is a cryptocurrency trading platform launched in… Please trade responsibly selecting the leverage based on your risk appetite and loss tolerance level. In conclusion, I would like to stress the fact that any actions taken by our Company in relation to your trading accounts were fully in line with our Terms and Conditions of business. Particularly, your trading information, including but not limited to the IP address, was the same with other clients of the Company who had also violated the Company’s Terms and Conditions. Claim your profile to access Trustpilot’s free business tools and connect with customers. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

Commission on CFDs is charged as the spread and is calculated separately for each trading instrument. Therefore, XM is suitable even for clients who buy a small volume of shares. If you are purchasing a big lot with fixed commission, you will not have to pay a big fee.

XM Risk Disclaimer

I will recommend XM to anyone any day and their customer service is efficient. XM has extensive experience and offers support in more than 30 languages. This helps the broker appeal to those all over the world and of any skill levels.

These cover things like using Expert Advisors, placing orders, the terminal window, using templates, and more. There are more than 80 technical analysis objects plus more than 40 analytical objects. MT5 shows the market depth of the latest price quotes. Clients of XM have access to either MT4 or MT5, both of which are popular MetaTrader platforms. They are available across devices and you can trade via the XM WebTrader in the browser. Those who want to trade even larger quantities with market orders have two options.

Additionally, XM remains respectful to the idea of Islamic Accounts, never using “swap-free in disguise” accounts. Some brokers use this type of account, in which they transfer the interest charge to a different fee. As this would still be a charge covering interest, it goes against ethical and fair trading.

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