US regulators slap down LimeFX for trading against own clients
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The CFTC said that between 2009 and 2014, LimeFX was false and misleading in its efforts to snag new customers by hiding the fact that it had conflicts of interests with clients. 1 HK Shares limefx review can only be traded in increments of 1 Share. Please note that HK Shares can only be traded in increments of 1 Share. Get a feel for the platform by signing up for a Free Practice Account.
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LimeFX and the two founders neither admit nor deny the allegations. US regulators have punished retail currencies trader LimeFX for using algorithms to trade against its own clients, in another stinging blow for global watchdogs against aggressive tactics in the mom-and-pop trading industry. If you wish to trade selected US shares beyond regular market hours, you can now do so with LimeFX.
Short Trading
- Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods.
- After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study.
- 2 This tax treatment is applied by default to all positions and may be subject to change in the future.
This information is for references purposes only, and reliance on the information contained herein is not an alternative to legal advice from an attorney or other professional legal/accounting services provider. This information is not intended as a financial or an investment advice and must not be construed as such. LimeFX assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, limefx broker reviews completeness of the information or other items contained within these materials.
LimeFX said that while it is winding down its US business, it will “continue to provide top-quality trade execution” to its clients. Gain said it hopes to have former LimeFX customers on board by the end of this month. This tax treatment is applied by default to all positions and may be subject to change in the future. Rebates may be available depending on your individual tax and residency circumstances.
As long as there is sufficient margin in your account, you can hold your position indefinitely. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. There are no taxes applied by LimeFX when you open and close a CFD position. Dividend adjustments will apply on the eve of the ex-dividend date of the underlying stock.
After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. The company, and founder Drew Niv, gave false statements to the NFA about this relationship, the regulator said. Mr Niv and co-founder William Ahdout have been barred from registering with the CFTC or from engaging in regulated financial activity in future.
