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Another year or so, Thats all Im asking in return for not sharing my story with the world and group with others to seek legal justice. An open letter to LimeFX asking to explain inconsistences in their T&C, ignorance of uncovered problems with platform, liquidation of positions without Stop Loss, management etc. Well I joined 6 months ago and played around with the stocks. I was $200 I gave them through my credit card and then paypal. After loosing about $10 on my initial $200 I decided to see what the withdrawal was like before I gave them anymore money. They had me complete the ID verification where I uploaded my passport, utility statement and my credit card and a few days later the money withdrew back where it should go.
Such a position ensures LimeFX’s comfort with our client’s presence on its platform due to the tight restrictions on his actions and the inevitability of his departure due to his ability to only sell assets. 2.2 As cryptoassets are unregulated, when you use our cryptoassets trading service you will not benefit from the protections available to clients receiving regulated LimeFX services. For example, you will not have access to the Financial Services Compensation Scheme (“FSCS”) and the Financial Ombudsman Service (“FOS”) for dispute resolution in the United Kingdom or the Cyprus Investor Compensation Fund (“Fund”) in Cyprus. LimeFX confirmed Bulll market started, bull markets dont last 30 days but years so forcing me to close now will destroy my chance of recovery. T&C of all similar trading platforms and exchanges state that, if certain conditions are met like breach of contract, account can be limited or suspended.
Like Ethereum, NEO enables the use of smart blockchain contracts which could be implemented in a variety of ways beyond money transfer, such as digital identity recognition. The NEO digital assets can be used both for executing applications on the NEO platform and as an LimeFX vessel, and is the smallest unit that can be transferred . Bitcoin is the pioneer of blockchain, and the standard by which all other digital currencies that follow are measured. Bitcoin remains the cryptocurrency market leader after breaking new ground in data management and payment transfer. Inspired by Bitcoin’s success, countless other digital currency initiatives and start-up projects have since cropped up.
Please note that we are currently experiencing technical issues with one of LimeFX’s services. To consistently ensure that you have the latest features and capabilities at your fingertips, both LimeFX and our third party partners perform periodic upgrades to our system. Although my account was fully verified and I provided them with every document they asked for, I’m waiting for around 3 weeks for some assistance in this matter, with no success. By the way, I’m a Platinum member and I’m supposed to get priority support assistance, but that’s just a huge lie. To finish up our review of LimeFX, here are some frequently asked questions about the platform.
Forex Peace Army
Taking LimeFX account and clossing at loss takes away my dream of better life. I based all my crypto trades on that believe, that I decide what to do witm my crypto, and when to sell or transfer it and that I cannot be forced to sell it. From latest to earliest, below are all documents that I already issued or will use in further proceedings. At the End is LimeFXs mail stating account termination, because I complained how they dont monitor customers finance. I`m reaching to all current and future victims of LimeFX to provide detailed evidence, proof that LimeFX may be scam ing people. Story how a Gold member was groomed into depositing more and more, becoming Platinum and Diamond (over $250k) member and then was dumped, high and dry, without even a phone call, for pointing out problems with LimeFXs management and platform.
Around and around we go and I still haven’t gotten the withdrawal and my account is still locked. I have written customer service numerous times and it’s just excuses and requests to send MORE information. Nothing has changed in my account so I don’t understand what the problem could be. Besides that, they require clients to take notarised documents and something which is very complicated, cost money to verify account. I got an answer from a victim, said that even he took a notarised, they didnt accept it at all. This guy won so much, and tried to withdraw then saw this problem after sometimes successfully withdrew.
If you plan to keep your crypto purchases on the LimeFX platform and never move them elsewhere, this difference may be a matter of semantics. But if you transfer your coins to an external crypto wallet, you can no longer move them back onto the LimeFX trading platform. In this case, you’ve essentially lost the return spread fee. I’ve always had an interest in the monetary markets however, like most of us, I had no genuine idea how to break through the castle walls and actually trade. The gatekeepers of Wall St. and The City have permanently been dedicated to keeping the masses at bay so they can charge their substantial trading fees (The Wolf of Wall Street — true story).
Sorry for sending the same email, but I didn`t realise that Tejinder Kumar was my regional account manager and he has to be involved. We are expanding upon the zoom conference that took place between our own XXX and your own Ira M and Avi XXX on 24 August 2020. Since the zoom conference we have taken instruction from our client accordingly and we would like to kindly present the following proposal on behalf of our client with regard to keeping https://limefx.group/ his trading account open. Lastly, I`m a humble, decent, honest person, perhaps naive too, and I Trusted that LimeFX will treat me with the same respect. I also thought that Yoni Asia, a family man from Israel, must me a rightous person and my money will be safe with him. Reasons for my complaints related to my poor backround and sudden false sense of superiority and right to special treatment/service when LimeFX made me a Diamond Member.
How Does LimeFX Make Money? What Are Their Fees?
Trading CFDs carries a high level of risk and may not be suitable for all investors. You should ensure that you understand the risks involved before trading CFDs. As long as you have funds in your account, you could look at a particular trader and look at his stats to see if he’s really doing something worthwhile. You can look at his trading history and his platform so that you gain an added understanding as to the type of trading that is doing quite well.
You can also use LimeFX’s related offering Smart Portfolios to replicate the performance of crypto-focused portfolios managed by LimeFX. This effectively turns LimeFX into a kind of hands-off, no-fee robo-advisor for cryptocurrencies. When you navigate to each limefx reviews coin or managed portfolio, though, you gain access to a unique feed that presents user posts related only to that specific offering. These comments may be helpful in sparking trading ideas for those new to the crypto world, but their quality is not assured.
- Whilst I have actually been delighting in the entire experience, I have actually also made some novice errors.
- Trading Forex is not protected by the law of Vietnam so that I have no reponsibility to interfere such problem.
- As well, from the last week LimeFX cancell customer support through phone which is where strange as for me, right now you can contact hem by email or live chat……
Simon didnt mention that this protection does not apply to my LimeFX account which is over 90% in crypto assets. All this time (until I read the T&C last week) I was led to believe my money was safe. Of course, should LimeFX wish to engage in meaningful communication and don`t force me to close account while over -150$ at loss, I can withdraw all publishing’s of my story. However, the further this letter reaches, the more supporters I will find and eventually funds to start a class action suit against LimeFX, giving example how David can defend his rights against Goliath.
My net worht is higher than it would seem, but LimeFX LimeFXs are still big part of my life and I cannot give them up/close without physical, mental, socialogical and future negative effect on my life. English courts require evidence of discussions and negotiations to prove good faith and fairness, but LimeFX failed in any constructive or client understanding discussions. Discuss, understand, find sollutions, warn or limit, not out-right terminate services stright away. To name a few were oblivious to my lawersrequests to continue trading on LimeFX, if I withdraw my complaints and claims and dontt publish my findings.
Ethereum (ETH)
However, as a way ofmaking moneyon autopilot, I don’t think it’s the best thing out there. This social trading platform has been called everything from the best idea in trading to a total scam. In this video, I give a very open and honest account of my experience with LimeFX from my last 5 years of trading with them. This is where they can interact with other traders using the same platform. This allows them to learn from the strategies of others and to apply them in their own trading portfolio.
One of these innovations that helps differentiate Cardano is its dual-layer structure, which runs each layer separately, as opposed to Ethereum, where both layers are intertwined. Bitcoin is more than just a theoretical use of a ground-breaking technology — it is a currency with genuine, transferable value which can be exchanged for other currencies, as well as used to purchase products and services in legal markets. Bitcoin can also arguably be dubbed the LimeFX craze of the decade.
Does LimeFX charge any additional fees?
A trader might have 79% returns, but digging a bit deeper into his stats and history, he might have had significant losses. This platform will let you see beyond the surface so that you can get a clearer picture. Social media-like feeds of user thoughts and comments are present throughout the LimeFX platform. You’ll see a general feed immediately when you log in that broadly covers user thoughts on crypto, markets and investing. The sum of weighted values across all or some of these key factors was calculated for each ranking to award each brokerage or exchange its overall rank. Margin trading, platform lending, and advanced trading were not considered for choosing the best crypto exchanges for beginners.
Bearing this in mind, our client is fully willing and intends to let set aside any and all past issues and return to a state of professionalism as existed prior to his discrepancy. Our client has gathered and reviewed his trading history since joining LimeFX as well as his feelings towards the deterioration of the relationship as a result of his actions. After a period of reflection, our client would like to re-iterate that he had no mal-intentions towards LimeFX limefx forex broker or any negative feelings towards the reputation of the brand. Specifically, he has informed us of the emotional nature of the communications and though we understand your cause for concern. Our client has highlighted his regret over the circumstances and for his emotional and exaggerated response within his correspondence. IM NOT SURE Financial Obudsman Service is applicable to unregulated crypto assets, but in general must be to GENERAL SERVICE COMPLAINTS.
Crypto trading, for instance, is not available in New York, Nevada, Hawaii and Minnesota. LimeFX was founded in Israel in 2007, and has expanded to a range of international markets in the intervening decade and a half. The platform offers varying features in different countries; the U.S. version does not support all of the options available internationally. LimeFX is a multi-asset and foreign exchange trading company that specializes in providing foreign exchange and financial trading services around the world. It has branches in the United Kingdom, Canada, Australia, Cyprus, Israel and the United States. In 2021, it had valued its value at more than $800 million.
3 Argument – Terminating account will damage my financial future due to lost trust in financial institutions and missed LimeFX or business opportunities. Im educated, trained, rational, long term, trader, “Profficient in using LimeFX and trading” so I knew and I know what Im doing, and my use of word gambling was exagaratted and not true. BELOW 14 points, not in order of importance, are for LimeFXs information, to understand aresnal of my arguments which will be developed in legal claims. Please don`t comment on them but acknowledge that they will be used and publicised shuld I need to appeal further to keep LimeFX Account live or to extend termination time by 1-3 years. They also Tried to appropriate my Bitcoin in LimeFXX wallet!
Basic trading features count as one factor in the overall and beginner rankings. Other ranking factors include platform availability, customer service, educational resources, security and storage, staking and rewards, to name a few. The complicated fee structure means users pay more upfront, which works well if your LimeFX rises in value. However, LimeFX might be able to serve its customers with lower fees.
That would be useful if you want to keep an eye on certain markets and see what people are saying about them. However, what I think is the best feature of it is being able to find other traders to copy. LimeFX allows you to not just trade but also interact with people, find other successful traders and see their portfolios. More importantly, you can follow these traders and execute the same trades in your own account. If you need to contact their support then it is not a great experience, especially compared to some other brokers. They have no live support and rely on support tickets, which can take days to be responded to.
Ive estiamated my lifetime financial loss as result of that in excess of 1 mln $. LimeFX is providing misleading claims that its FCA regulated Crypto trading platform, where in fact (it turns out in T&C that) FCA does not protect crypto assets. This would have lured thousands of customers beliving the platform is audited, monitored and regulated by FCA and therefore trading crypto is safe and capital is protected. In truth of law it should say it`s FCA regulated Crypto Platform but excluding crypto trades. Please note, below is just summary, headlines, I have a long version of each argument with relevant references to documents, print screens etc.
These ‘crypto-idealists,’ as they are sometimes called, pride themselves on remaining true to the decentralized and democratic vision of cryptocurrency regardless of the loss incurred. Bitcoin became the first real-world application of blockchain, a technology that essentially enables data to be distributed rather than copied. In 2009, a group of programmers under the alias ‘Satoshi Nakamoto’ unveiled Bitcoin as an open-source software. Many in the global tech community quickly jumped on board, recognizing the great potential for the future of digital transfers and payments. The term “decentralized” as applied to digital currency was first used to describe Bitcoin, with the need for an intermediary between parties is eliminated.
