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It closed at 187,65$ which wasn`t 100% of open position (100% would be if it went down to zero). It clearly is a system error as the value of position didnt go down 100%, BCH didnt even fall to 1$ but 187,65$. This occurred because at the time the position https://limefx.biz/ was opened, the calculation of units traded was based on the SELL price, regardless of whether the trade was a BUY or a SELL position. Why not set SL as low as the spread, e.g. 500$ position could drop to not more than 3% i.e. 15$ value or -485$ profit.
This were exegarrated statements and are no reason for drastic and devastating measure of account termination. I can prove to Obudsman that My net value is of such high magnitude, that deposits on LimeFX, although relatively high, are in fact well within my comfort zone. But in fat T&C state that cryptoassets are not covered by the FCA. I was mis-sold, misrepresented and have voice and email correspondence as evidence. I was informed that FCA covers op to £85,000 and some clients invested more than $250,000.
15.13 You expressly consent to us putting your money into a qualifying money market fund. Your agreement is a necessary condition for us to provide you with our Services. If you do not agree, or change your mind, please let us know in writing and we will help you close your LimeFX account.
There was disagreement within the Ethereum community of how to handle the breach, which resulted in a new version splintering off from the original, commonly known as a ‘hard fork’ in crypto circles. Ethereum is laying the foundations of a whole new way for developers to utilize blockchain, applying the technology to a variety of systems that would remove the need for a centralized intermediary. For example, limefx review such applications could include loan contracts that don’t require a bank, or property contracts that don’t require estate agents. Cryptocurrencies display extremely high volatility, and it is quite common to see double-digit percentage fluctuations within a single day. In a broader view of their longer-term performance, however, the top digital currencies have shown significant overall gains.
Is the LimeFX platform safe?
They can also see what their competitors are doing in regard to their LimeFXs and make some good decisions themselves. There’s no need for them to spend time sifting through piles of data in order to find out what is happening in the market, since they can get all of it from the one place. I could sue LimeFX for not clear and transparent rules and leading people to believe that crypto trading with LimeFX is safe because a position has to drop to 100% to close.
They had over 100 days to tell me I must withdraw from wallet, as access will be blocked after my account will be terminated, but they didn`t say a word! The FILE on LimeFX big and growing, not all is yet published, but all is evidenced and available on request. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. They tried to rip off your profit and your money by telling that “ID has not passed” then, if you win, they refund the initial deposit, if you lose, they sent only the remaining money in the account. This occurs when more than half of the computing power on a digital currency network is run by a single miner, which theoretically makes them the main controller and authority of that network. Founded by Justin Sun, former official representative of Ripple in China and protégé of Alibaba CEO Jack Ma, the Tron platform is its own ecosystem, and the only place where TRX can be used.
They suddenly blocked his account, and told that “Your ID has not passed”, although before that they accepted it and sent him some little profit. The controversial underground online marketplace, which has been often linked to cryptocurrencies in the past, was shut down by the FBI in 2013. Dogecoin is best described as an “open source, peer-to-peer cryptoasset.” Despite its meme-inspired logo and namesake, DOGE’s developers set out to create a democratized digital payment system, free of bank fees and other intermediaries. Zcash had a breakout year in 2017, reaching a market cap in the billions of dollars and establishing itself as a top cryptocurrency. Cardano first launched in September 2017, emerging within the crypto market’s great bull run and quickly reaching a multi-billion dollar market cap.
This would have lured thousands of customers beliving the platform is audited, monitored and regulated by FCA and therefore trading crypto is safe. 30 days to close the account is not enough to manage nearly 100 positions that I have worth $100,000 at todays sell price, which was only $85,000 at begining of my dispute with LimeFX. There are signs that markets are active and “execution of orders” in that time would not be “to best clients interest” something that is required my unwritten and written terms. Created in 2014, NEO is also known as the ‘Chinese Etherium,’ being closely based on ETH, as well as the first cryptocurrency to be launched in China.
Despite -150,000$ loss they decided to close my account without a phone call…
You can trade a range of cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash and other lower-cap crypto assets. LimeFX offers a free digital wallet for storing cryptocurrency, known as the LimeFX wallet, which is accessible for iOS and Android. Surely, a trading platform cannot ban, or kick out a user or terminate his account while he is clearly at over 80% loss, with assets that are his own, not CFD, or just for trading cryptos because paltform is made for it. Im sure that goes against LimeFXs core values, and the Founders and CEOs would not wanted to “take advantage”, and terminating their accounts and taking their money. They also brag to most popular crypto assets trading platform so it made sense to trade cryptos with them, as they claim in all pop-up online ads and reviews that they are FCA regulated.
The company is listed on the Boston Stock Exchange and is one of the largest futures and options trading companies in the world. The most unique feature of LimeFX is most likely ‘CopyTrader’. This enables you to sort through other users and plainly see their trading history, consisting of how much they have actually made or lost over any given period. You can allocate some funds to automatically copy their trades if you discover somebody you like the appearance of. Your letter was raised to me by your account manager as I deal with all escalated customer complaints.
This is main appeal but, just to higlight inacuuraces with this company, there are other two complaints which I will separetly appeal against. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. I have no doubt of that now and I never expect to see my money again, but that doesn’t mean I will give up either.
Attached is a photo of my baby, he is only 13 months, and his dads livelihood is on LimeFX. Please, DONTt DESTROY my FAMILY, DONT KILL ME, dont terminate my account. Though we understand your fundamental concerns regarding the comments made by our client and the same concerns of allowing our client to continue to trade, we are not in a position to comment on his wellbeing. Our client has indicated his willingness to examine the matter openly and with the vision of finding the right condition for a return for both parties.
There are definitely other platforms available, such asZulutrade. I don’t want to be sitting around and staring at hundreds of charts every day. I wouldn’t spend hours a day analysing data and keeping up with the news and so on. However, I do know that there is money to be made in trading sectors like Forex and stocks and commodities.
However, this does not mean that there isn’t a large amount of risk with it. I have no issues submitting or depositing funds to this platform. Ultimately, this allows you to be hands-off with trading and just leave your trading to other people. Mostly, this is one of the biggest questions in financial trading markets. It might be quite misleading just seeing the initial trending data.
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LimeFX basicaly didnt give me a change to find laywers do defend me, very unnfair, speciali given the holiday time and my full time work/life commitments. Time LimeFX gave be for appeal was not adequate to specialised nature of the case, and I didn`t have enough time to find appropriate solicitors to take the case and protect over 150,000$ of my money at loss at the time. “SUMMARY OF 14 ARGUMENTS and explanation of evidence, supporting case of MISREPRESNTATION, NEGLEGANCE, and intitiating claim for actuall and lifelong DAMAGES. Negligence, unjust termination, false advertising , account manipulation, grooming with membership titles and dumping. As more LimeFX-Victoms we reach, as more rookie traders we can secure and warn against LimeFX. We spread the truth about LimeFX to the world, to prevent any more damage to their traders.
- 3 Argument – Terminating account will damage my financial future due to lost trust in financial institutions and missed LimeFX or business opportunities.
- This can be a useful way to learn about trading and replicate the strategies of successful traders.
- I don’t want to be sitting around and staring at hundreds of charts every day.
The overall supply of NEO is hard-capped at 100 million tokens, to be released gradually into circulation. The Stellar Network, with its digital currency Lumens, was created based on Ripple but operates on a unique consensus algorithm rather than mining. This process requires minimal computational power and the average confirmation time for a transaction is extremely fast — a mere few seconds to complete — at an extremely low cost. Dash is a digital currency based on Bitcoin’s software, yet has differentiated itself by solving many of the problems inherent to Bitcoin, such as lagging transactions and limited scalability. From its inception, Dash was specifically designed to be a scalable, quick, and user-friendly currency platform for mainstream usage.
Improving the exchange’s coin offerings in the U.S. could greatly increase the platform’s value. Once there, you’ll be prompted to choose a username, enter your email limefx website address and set a password. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website.
This permits you to arrange through other users and clearly see their trading history, including how much they have made or lost over any given duration. If you discover someone you like the appearance of, you can designate some funds to instantly copy their trades. Launched in 2017, Chainlink is an Ethereum-based decentralized platform that connects smart contracts on any blockchain to data providers, web APIs, enterprise systems, cloud services, and more.
LimeFX’s Disadvantages
If you are not willing or mindful to entertain our clients wishes we do retain the right to advise our client to pursue legal remedies regarding LimeFX’s alleged material misrepresentation as well as potential negligence. Nevertheless, we fully support our clients wish to overcome such issues and reach an amicable agreement to agree to terms of a return to his diamond membership at LimeFX. Principally, upon review of the T&C’s governing our client’s relationship with LimeFX, the apparent reason for terminating our clients account seems unfounded. If we receive income or benefits for such cryptoassets, we are not obliged to pass on such income or benefits to you.
They can even make use of the live chat feature to give advice to fellow traders and share tips on how to make their LimeFXs work. Once traders get access to LimeFX, they can start with the order placement feature. This is where they will be able to enter an order in the market and have it matched with an available currency pair. By using this feature, they will be able to maximize their profits and minimize risk by diversifying their LimeFX between numerous currencies. LimeFX is providing misleading claims that its FCA regulated Crypto trading platform, where in fact FCA does not protect crypto assets.
You would need to deposit some funds, but you could trade very quickly. When opening up individual markets, you can also see what’s going on with some of the social aspects of this. It is almost like a sort of Twitter or Facebook feed where you can see what other people are saying about this particular feed in real time. There are other ways that you can copy trade as well, but LimeFX is one of the first ones that I have heard of.
Is LimeFX Cheating 2021
You might as well be trading yourself than spending all this time constantly trying to look for traders. I’ve followed various people over the years and really tried toworkthe system; however, it’s always ended in sizeable losses. Plus, I have found other trading systems and tools that are making greater profits.