LimeFx scam: Is XM scam?

To get a better understanding of these terms, read this overview of order types. However, the platformfeels outdatedand some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist. You can upload a copy of your national ID, passport or driver’s license to verify your identity, while utility bills and bank statements are accepted as proof of residency. XM account opening is hassle-free and straightforward. You may be able to start using your account already on the same day.

Once you have downloaded the MT4 mobile trading platform, you should access the relevant XM server. XM requires two-step authenticationfor the account login on the website where you can deposit and withdraw. The trading platform itself, however, doesn’t have two-step authentication.

• The platform can broker your Forex trading on over 55 currency pairs, from USD and GBP to EUR and JPY pairs.
• For instance, cTrader looks impressive in terms of having everything well placed and informative.
• The competitors also offer wider opportunities for LimeFx compared to LimeFx.
• By the number of trading assets and available markets, XM is behind many of its competitors.
• You still have no commissions and negative balance protection.
• Therefore, XM is suitable even for clients who buy a small volume of shares.

It automatically blocks 100x more harmful websites than competitors and 10x more malicious downloads than any other security tool. If you want deleted entirely, https://limefx.vip/ contact Incogni immediately. Its trustworthy data privacy tool officially solicits your data removal from almost a hundred brokers on your behalf.

You can use MetaTrader 4 to manage your trade history in the database, including importing and exporting. There is also an internal mailing system and a guarantee of full security and backup. Additionally, there are built-in help guides for MT4 as well as Metaquotes Language 4. It also allows for the creation of custom indicators as well as time periods. Spreads on this platform start at just 0.6 pips and there is the option of micro lots.

Compare XM To All Our Other Brokers

LimeFx also has a differentiated offer in terms of trading account types. Traders with low budgets can have access to trading via the micro trading account. A standard account and also, a Zero trading account, with zero spreads are available.

There are free and regular intra-day market updates plus technical analysis. There is also multilingual customer support plus Personal Account Managers. The broker offers an advanced trading platform as well as flexible trading conditions to accommodate a range of global clients.

However, make certain that you understand how to make the most of your cash before investing larger amounts. Download the XM MetaTrader 4 Program free of limefx charge from Apple’s App Store. XM customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.

Deposit fees and options

Anyone, whether or not they are a client of XM, can access the Primary Education Room. This room focuses on fundamentals, basic concepts, opening accounts, and trading, among other topics. They all have daily live interactive training on weekdays. They include coverage of all topics with real-time guidance and up-to-date information. Compared to other brokers, XM does an excellent job of offering webinars.

Apart from the solid regulation outlined below, XM also offers Negative Balance Protection, which means that your account can never go negative. In other words, you will not end up owing money to your broker. This is one of those features that you don’t know you need until limefx courses scam you really do. Usually, people usually think they cannot lose more than they deposited but let me tell you, in special cases, this can happen if your broker doesn’t offer Negative Balance Protection. I just took one single trade with that money to test the platform!

Market Data

Nonetheless, there are few trading pairs with Asian currencies on XM, which is surprising considering the broker’s target audience. XM charges rather beneficial non-trading commissions. In particular, no commissions are charged for servicing the account and there is no deposit fee. In particular, you can work with derivatives on shares, commodities, indices, precious metals and energies.

Swap free trading is possible on LimeFx, but this option is only available to clients who opened Shares Account. There were no problems with opening an account on the XM platform, but the verification process is really delayed. It took longer than 24 hours to check the documents! Disappointed with XM, as the broker does not fulfill its obligations.

Most problem is came out from the bonus account user who against the rule. After recieving the email of verification, i decided that i will not deposit now , and i asked for the 30 usd free bonus to try the broker….. Please read XM Reviews below and share live trading experiences with this broker. The ONLY tricky think that i’ve experienced is when my account was verified and i tried to connect to server, i had to connect to the xmglobal server instead of the xm server. We use dedicated people and clever technology to safeguard our platform. I deposited some money which was recieved instantly , did some profit and wanted to withdraw part of it.

I had a bad experience with this…

They are available 7 days a week from 37 webinar instructors and in 19 languages. To view the schedule, simply click on the language of your choice. The Daily Forex news includes both news and analysis. The Daily Technical Analysis focuses on forex markets and includes simple technical indicators. The Weekly Forex Outlook covers the main events of the past week and explores their effect on major currencies.

You can browse or search them, including by country. There are 57 forex pairs available, including majors, minors, and exotics. You can view all the specific instruments available for trading on the individual asset pages.

Finally, the Advanced Education Room is open to anyone with a funded XM Account. To access it, you must have deposited a minimum of $500 USD in the past three months. This room delivers real trading experience using real-time simulated trading conditions.

As per the organization’s privacy regulations, client information is to not be shared with any other institutions or individuals. Including credit history and other financial details. The founders of XM are famous for their expertise in the sphere of internet trading. However, there are a lot of other key employees in XM who have a significant contribution to it’s success. Please note that due to regulations, the content in this review of XM does not apply to users in Canada, Israel, and United States of America.

Founded in 2009 and with more than a million clients, XM is without any doubt one of the powerhouses in the online trading industry. With a resume like that, it is quite safe to assume that this company can be trusted, but we still wanted to see which security features have been implemented here. In other words, we want to see for ourselves is XM a scam or a legit and reliable company. Read on and see for yourself how a serious company operates. As noted in the initial sections of this review, the XM Group and the Trading Point of Financial Instruments Ltd. are primarily regulated by the Cyprus Securities and Exchange Commission. The company – Trading Point of Financial Instruments Pty Ltd – has been safely operating since 2015, with no regulatory implications from the commissions.

XM Awards

I have an Ultra Low account and the spreads are almost tight (0.8 pips on EUR/USD). But the best thing I like about XM is that they are providing local bank INR deposits and withdrawals for India, in a seamless manner. I deposited and made a withdrawal too without any hassle from my bank account.