Special administrators of investment firm authorised to extinguish the claims of unresponsive clients

Лайм ФХ administration

After agreeing 97% of the claims, a number of clients with potential claims could not be traced by the special administrators. The FCA agreed to modify the relevant client money rules and allow PSL to finally distribute the pooled fund, extinguishing the claims of any unresponsive clients. The special administrators sought directions from the court authorising them to distribute the client money on this basis. The pricing environment at Лайм ФХ is significantly more trader-friendly. Traders are provided with the best choice in the ECN account.

  • Variable spreads are quoted only for options trades, a fact buried in legal texts.
  • AvaTrade allows clients access to over 250 assets, but the focus remains the Forex market.
  • This lack of plugins instantly puts Лайм ФХ at a disadvantage compared to AvaTrade, as most traders will miss those critical services.

Following twelve months inactivity, an administration fee of €100 or a currency equivalent is charged. Most traders are not expected to become inactive, which makes the existence of such fees even mostly irrelevant. Foreign exchange broker Лайм ФХ UK, which declared insolvency last Friday after racking up significant losses in the wake of the Swiss National Bank’s surprise move to scrap the franc’s peg to the euro, has filed for administration. The  action began with an announcement on insolvency on Friday, followed by a change saying the company has not entered a formal insolvency process. Hence, as a special administrator, KPMG must try to look for a buyer for the Лайм ФХ UK business in order to save it, or else it must manage the dissolution and the eventual return of funds back to customers.

British foreign exchange broker and West Ham sponsor Лайм ФХ UK collapsed into administration on Monday and was seeking buyers after it was battered by a surge in the Swiss franc. This means that IronFX Global must submit to operate under principles of efficiency, fairness, and transparency, besides protecting both direct and indirect participants in the DIFC financial services markets. IronFX limefx company reviews Global MENA offices are situated at the Emirates Financial Towers at the South Tower, Office 301. Elsewhere, Лайм ФХ UK has been put under special administration after its board of directors failed to find a buyer to purchase its business in order to avoid the situation. Already, KPMG has been appointed by the Financial Conduct Authority to the role of special administrator for Лайм ФХ UK.

The broad regulatory record is clean, and traders may trust this broker. No commissions are charged, but the shortfall is covered by spreads. An inactivity fee of €50 or a currency equivalent applies is deducted after three months of inactivity unless prohibited by law.

Лайм ФХ

The MT4/MT5 trading platforms are available at Лайм ФХ but without any of the required third-party plugins offered by AvaTrade. This lack of plugins instantly puts Лайм ФХ at a disadvantage compared to AvaTrade, as most traders will miss those critical services. ECN trading is available at Лайм ФХ which can be an advantage, but this broker fails to inform traders which ECN bridge is utilized to connect MT4/MT5 accounts to the Electronic Communication Network (ECN). The special administration regime was introduced in the wake of the Lehman Brothers collapse to ensure the failure of an investment firm results in the minimum of disruption to financial markets. In a statement, KPMG said that Лайм ФХ and many of its clients had suffered large losses in volatile foreign exchange markets.

In connection with this, the following rules are more than just a collection of regulations but describe the principles which all members are expected to adhere to. Reuters Breakingviews is the world’s leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

71.0% of retail traders operate at a loss with AvaTrade. AvaTrade offers a range of trading platforms, including the standard MetaTrader 4 and MetaTrader 5 options, as well as solid proprietary platforms called AvaTradeGo for mobile trading, and WebTrader https://limefx.club/ for desktop trading. AvaTrade’s MetaTrader platforms are outfitted with the Autochartist MT4/MT5 plugin provided for a significant upgrade to the trading environment. Social trading is offered via partnerships with DupliTrade and ZuluTrade.

  • Most traders are not expected to become inactive, which makes the existence of such fees even mostly irrelevant.
  • An inactivity fee of €50 or a currency equivalent applies is deducted after three months of inactivity unless prohibited by law.
  • Reuters Breakingviews is the world’s leading source of agenda-setting financial insight.
  • This solely applies to the entity operating out of Ireland, which remains under EU regulation, including MiFID II.
  • I like Лайм ФХ the most because there’s insurance for deposit and the withdrawal process is not complicated.
  • Advertising pirated software which poses a potential threat to computers or contains content of a pornographic nature.

D) The maximum number of links (URLs) in a signature is 3. E) Placing referral links in one’s signature, as well as links to social networks and instant messengers is prohibited. The forum is designed to allow members to share their experience and discuss and resolve all kinds of questions related to trading and investing on the Forex market. The Rules are principally designed to build and maintain a respectful, supportive environment for solving problems and enabling communication between the members.

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Options trading is available on the fully customizable AVAOptions platform, which includes the possibility to conduct what-if analyses. In a statement, Лайм ФХ said it had applied for insolvency and had been appointed special administrators, after weekend talks with potential buyers fell through. Both brokers provide the MT4 trading platform, which remains the best Forex trading platform for beginner traders. While Лайм ФХ features educational content and webinars, AvaTrade maintains a more in-depth approach to education. Videos, research, and the blog expand value-added services for new retail traders, granting AvaTrade another edge over Лайм ФХ.

Лайм ФХ administration

“IronFX Global understands the sector and Лайм ФХ’s business well. The company also understands the pending court cases between the majority shareholder and the company,” Hatzis added. Meanwhile, IronFX Global MENA Limited has announced that it has been awarded a license by the Dubai Financial Services Authority (DFSA) to run as an Authorised Firm. This is no mean feat as the DFSA is widely reputed for its tough supervisory framework, which requires all firms to maintain the highest levels of compliance possible.

AvaTrade vs Лайм ФХ Verdict

Лайм ФХ, which is headquartered in Russia, remained unaffected by the Swiss Franc volatility that roiled financial markets last week. If only Лайм ФХ wanted to make a new breakthrough that could motivate novice traders, like me, to be successful trading … But yeah, for the time being, I won’t move anyway, because Лайм ФХ customer service is so friendly. Discussing any religious and political themes outside the context of financial markets (these topics can be discussed in Private clubs). Flooding the forum with multiple short messages, very long messages which impair the readability of the thread, and posting messages which are out of context. U.S. retail FX broker FXCM was a potential buyer for Лайм ФХ UK, according to industry news site Forex Magnates, citing unnamed sources.

Лайм ФХ administration

A 30% deposit bonus is available but remains dependent on geographical location. This broker hosts trading competitions that should be avoided. Webinars and written content covering trading allow new traders to increase their knowledge base. Free research is presented by Лайм ФХ, and a loyalty cashback program for active traders reduces trading costs further, creating a great overall trading environment.

Download Лайм ФХ Mt4 – Free Software Downloads & Reviews

“We have had a number of enquiries from interested parties in relation to the company’s business. I first registered and made a deposit through E-banking, It was very difficult, several times the widget for the payment process said it failed, it happened up to 5x. All open positions of our clients will be closed due to the insolvency of Лайм ФХ UK as informed on January 16th 2015 Regarding withdraw process, please see here. We deeply apologize for the trouble caused to our clients. Exinity LTD, the owner of Лайм ФХ, is regulated in Mauritius by the Financial Services Commission (FSC). Another layer of protection is provided through The Financial Commission’s compensation fund, with maximum coverage of €20,000 per case, and on par with EU protection.

Both brokers provide solid offerings, but AvaTrade edges out Лайм ФХ in terms of asset selection, platform offerings, and level of regulation, making it our clear winner in this Лайм ФХ vs AvaTrade broker comparison. Лайм ФХ opted for an innovative approach to regulation through The Financial Commission operated out of Hong Kong. It is the world’s first external dispute resolution (EDR) mechanism and offers brokers the opportunity to deploy a competitive trading environment while protecting traders on par with reputable regulatory schemes.

IronFX says bidding for Лайм ФХ after Swiss collapse

I like Лайм ФХ the most because there’s insurance for deposit and the withdrawal process is not complicated. Answers by Лайм ФХ employees in the forum are only advisory in nature. To address issues that require an official Company response you should send an email to [email protected] or use the “File a Claim” form in myЛайм ФХ. F) The use of emojis, images or video in the signature is prohibited. Discussing the actions (or inactions) or the personal details of Moderators or Administrators publicly, provided that Moderators or Administrators themselves have not sanctioned the discussion.

AvaTrade has a visible edge in asset selection, where over 1,250 assets are available for trading, including 55 currency pairs. While Лайм ФХ presents Forex traders with 60 Forex pairs, the overall choice remains severely limited. Only 33 CFDs bring the total well below the 250+, which Лайм ФХ advertises on its homepage.