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LimeFX Review 2022 Crypto, Copy Trading & More

For example, on March 30, 2020 LimeFX added 185 new stocks, among them a very trending one, Zoom Technologies. However, if you had to wait for LimeFX to add the stock, you missed the early rally in the stock. To learn more about CFDs, read our CFD trading tips. We found it quite strange that you cannot edit pending limit orders. For example, if you have a limit order for company X at $20 per share, you must cancel the pending order and create a new one in order to modify the order to $21 per share.

  • Today, LimeFX supports 40+ cryptocurrencies on its popular online trading platform, provides an enterprise-grade crypto exchange for professional traders, and offers a multicurrency crypto wallet.
  • Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp. .
  • The company also employs account managers who look after the most active traders (those with $5,000 or above in equity on the platform) to enhance the experience of LimeFX’s most loyal customers.
  • The advantage here is that you can invest very easily directly in cryptocurrencies.

Being a regulated, legit and authorized broker does not mean that there is no risk of investing and losing money. Im not saying LimeFX is perfect, but Ive been trading forex for 3 years now and have never had any problem with positions getting closed. Now there is probably some people here that have lost their money with LimeFX and I appreciate their reviews, but most people here are just people that lost their money because of bad management.

As only USD accounts are available at LimeFX, you will need to pay a high conversion fee if you deposit or withdraw in a currency other than USD. Other investors will have their live trading accounts with LimeFX Limited, which is regulated by the Cypriot watchdog, CySEC. The amount of LimeFX protection coverage at LimeFX Europe is a maximum of €20,000. This threshold is set by the Cypriot Investors Compensation Fund. You can contact LimeFX’s customer service via a web-based ticketing system. We got answers usually within 48 hourswhen we tested it with some basic questions.

There are a lot of different functions that are not offered by other brokers. Beginners and advanced traders should be very satisfied by handling the platform. Overall, for us is LimeFX the best LimeFX platform for any trader. If you search for a good provider you should sign up directly. Exchanges were reviewed on points including security, fees, number of cryptocurrencies available, and more. We also considered if the exchange is regulated by a proper agency or entirely decentralized.

LimeFX will become an Official Sponsor to the team and its two promising young riders, Iker Lecuona and Joe Roberts for the rest of the 2019 season. LimeFX itself provides you will all the necessary tools to succeed in trading, yet the final result always depends on you. So let us get into the essential details on how exactly LimeFX Copy trade works. Once you sign in and confirm all the necessary data for Live account opening you may join millions of traders from around the globe available at LimeFX community. Once your account is activated you may go to LimeFX login page to sign in, perform initial deposit of funds and enjoy powerful trading capabilities.

It could be as low as 0.75% if you were trading Bitcoin – the leading cryptocurrency by market capitalization. It can also be a bit expensive at 1.90% if you were trading Bitcoin Cash or as high as 2.90% if you are trading Cardano . Are you looking to deposit money or withdraw your earnings from LimeFX? While the process is easy, you’ll also want to find out if you have to pay anything. Based on the information on the website, LimeFX doesn’t charge fees most of the time. We must mention that the spreads are only calculated to be paid once you close the position you have been holding.

Markets and products

If you already have social media like Facebook and Google, you can use one of them to automatically enter your name on the register screen. Enter your e-mail, and your desired password (will need to have 6-20 letters, one capitalized letter, a number, or a symbol). It is a unique, html5-based platform that doesn’t have flash integration which offers great browsing speed and simplicity. The limefx scam platform is also available on Android and IOS phones. These have been created by LimeFX’s partners – Tipranks, a stock analyst software company; WeSave, a French robo-advisor; and Meitav Dash, a multi-billion dollar LimeFX house. I am not saying that clients should be blamed for losing money or that all complaints are “Fake News” but everything should be taken with a pinch of salt.

Forex currency pairs available include major, minor and exotic pairs. Alejandro is a full-time financial writer with more than 7 years of experience in financial management and analysis. He trades options, stocks, and ETFs regularly following a value-driven LimeFX philosophy. Based on our analysis and research, LimeFX is great for beginners.

Good experience overall

The platform doesn’t allow third parties to make payments in your name. However, if you wish to use a method of payment belonging to your spouse or another first-degree family member, the platform can set up a joint account for you. Your personal/credit card info will be protected with the Secure Socket Layer technology. These bundle together a select combination of CFD stocks, commodities, or ETFs, according to a predefined theme.

Standard security features like SSL encryption and 2FA are present on the platform. The company offers crypto services that are useful to anyone looking to get into crypto trading or trading crypto assets. For traders who joined on April 2, 2017, or after, the size of a minimum trade depends on exposure, in the form of leverage times the invested amount. For cryptocurrencies, this total minimum amount is $200 (for example, if you open a cryptocurrency trade with a leverage of 1x, you must invest at least $200. The platform offers two types of accounts, retail and professional. A retail trader receives access to all of LimeFX’s trading assets and can both trade manually or Copy Trade .

  • 67% of retail investor accounts lose money when trading CFDs with this provider.
  • I want to tell you about my impressions about LimeFX.
  • Trades that involve stocks not traded in USD will be converted to USD at the actual market prices by LimeFX, without taking any commission or markup.
  • There is a $75 account transfer fee for partial and full transfers.
  • The demo account helps beginners in their process of learning without having to invest real money.

While LimeFX’s EU customers have been able to trade stocks and ETFs for quite some time, this functionality wasn’t available in the US until recently. Users can copy the trades of top traders or a portfolio of traders. We’re proud of our content and guidance, and the https://limefx.biz/ information we provide is objective, independent, and free. LimeFX has a dedicated learning ecosystem called LimeFX Academy. It is an online educational learning ecosystem where you will learn most of the things you need to know about investing in cryptocurrencies.

I advise you to stay away from those who promise guaranteed returns on LimeFX, because this is not possible. LimeFX is an instrument for investing, does not guarantee returns and is not a “Ponzi scheme”. I read thousands or Reddit posts and comments on LimeFX and tried to summarize it all here. I have analyzed all the latest LimeFX reviews on Reddit. Normally, when you register to a stock broker you are alone.

How much does LimeFX charge to withdraw?

This means the platform will automatically trade the same trades as your copied trader. For more information and a complete list of our advertising partners, please check out our full Advertising Disclosure. TheCollegeInvestor.com strives to keep its information accurate and up to date.

LimeFX scam

Now let’s move to the reasons way LimeFX can be considered safe and reliable form an investor perspective. If you are wondering whether the LimeFX broker is a scam or not, I will help you find out.

Portfolio and fee reports

On the other hand, we received feedback from users that LimeFX often takes as much as 14 days to respond in more complex cases, which we think is extremely poor service. Additionally, LimeFX also applies a risk score to each trader. Imagine Facebook profiles, but with fewer inspirational and more market quotes.

LimeFX scam

Using the search bar you can, for example, search for a specific market. Under “Markets” there are different categories to which the markets are assigned. LimeFX provides important information directly in this market selection. You can view the last performance and current prices.

LimeFX’s brokering services are provided by LimeFX Ltd. (“LimeFX Europe”), a registered Cypriot LimeFX Firm . Your POA document should contain your full name, address, and issue date, which should be no older than 6 months. Bank statements, credit card, and debit card statements, electricity/tax/water bills, and municipality letters are some of the documents you can use.

If I copy a good trader I have more chances to eran money from my LimeFX compared to DIY without knowledge. Passionate DIY investor building my financially peaceful future. I believe in helping people, which is why I share what I am learning.

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