LimeFx Review 2023: Pros, Cons and How It Compares

After using LimeFx trading platform for two years, on March 30th 2017, I realized by myself that my account was completely blocked, strange situation since I had not been given any notice. I couldnt open new positions, withdrawals were automatically rejected. I tried to get in touch with the company but it was in vain, I was ignored every time.

• Instead, it’s just a case of choosing a trader to copy and allowing them to trade on your behalf.
• Bankrate follows a stricteditorial policy, so you can trust that our content is honest and accurate.
• You still retain full control over your LimeFx portfolio at all times – so you can add or remove assets as you please.
• With access to more than 2,000 stocks worldwide, users can explore markets ranging from technology and healthcare to finance and beyond.
• If this sounds like you – LimeFx is likely to be of great interest.
• With this advanced tool, you can now manage your money on the simplified platform of LimeFx with ease!

So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Perhaps as a broker to trade stocks or commodities, they are worthwhile. I have held an account with them for many years, though limefx review as a copy trader, and I would say that theircopy trading isnot worth using. You can trade a range of CFDs, including stocks, commodities, currencies, and indices. Trading CFDs carries a high level of risk and may not be suitable for all investors.

A typical broker might have an extensively developed trading platform with tons of tools and charts to analyze the pricing action and help predict where the security might trade. Or you might have order entry right off the platform that gets your trade into the market immediately. But that’s not the case with LimeFx, where it’s all stripped down and perhaps a bit too gamified. CopyTrader doesn’t cost anything extra, and it actually offers income to top traders as part of LimeFx’s Popular Investor Program. Clients can sign up, attract followers and earn extra income as they trade. But you’ll need at least $200 in your account to copy traders.

LimeFx Cryptocurrency review

This means that you are officially a stockholder and thus – you will be entitled to dividend payments as and when the respective company makes a distribution. Secondly, LimeFx supports fractional ownership – which paves the way for small LimeFxs. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

You can also add traders to your ‘watchlist’ – meaning that you will be notified if and when they comment or ‘Like’ post on the LimeFx website. You can also find your preferred market by using the search box at the top of the page. Either way, once you have found the asset you want to buy or trade, the process of setting up an order is also simple. In fact, it’s just a case of entering your stake and confirming the positions. The good news is that you can view your daily overnight financing fee in dollars and cents when setting up an order on LimeFx.

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Crucially – irrespective of whether you buy cryptocurrency or trade via CFDs – the minimum stake is just $25. Once again, this is through the LimeFx fractional ownership tool. Furthermore, by taking this option, you can sell your coins at the click of a button limefx without needing to perform a transfer. Instead, you will see the coins displayed in your LimeFx portfolio and how much they are worth in real-time. It also means that you do not need to have any knowledge or experience of how cryptocurrency wallets work.

On LimeFx terms and conditions is clearly stated that withdrawals took from 5 to 8 business days but even after that period of time money still not in the place where it should be. Right now I send them even copy of my bank statement to proove that I had not received anything…. I send my bank statement on 21st of November and still have not clear answer….. LimeFx’s standard customer support is limited, offering only email contact or a support ticket option. LimeFx Club members can also receive customer support via live chat and phone, though methods of contact depend on the level of club membership. Only members at the silver level and above — which requires equity of $5,000 or more — can call to speak to a representative directly.

Before we delve into the ins and outs of our comprehensive LimeFx review – allow us to break down the key pros and cons that we discovered. 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. Do not accept us to verify account first, only do it after we deposit, then try to tell that our ID have not passed. Ok Rookied but have you ever done withdrawals with them before?? Because i just signed up few days ago and i’m still doing some research before i do any deposits.

All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy. Bankrate principal writer James F. Royal, Ph.D., covers investing and wealth management. His work has been cited by CNBC, the Washington Post, The New York Times and more. They are using my money to make profit and there is no sign about getting my money back.

If trading gold or a major index like the Dow Jones, this will be even lower. LimeFx is also a great option if you have a higher appetite for risk and thus – you wish to trade exotic currencies. Some of the exotic forex pairs hosted by LimeFx include USD/CZK, USD/RON, EUR/PLN, and ZAR/JPY. To send crypto from your LimeFx account to MetaMask, you will first need to make sure that it is held in the LimeFx Money wallet rather than the trading account.

Stocks, cryptocurrency, ETFs and options

This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. But it’s not that easy to have this kind of forethought in the beginning. Had I been aware of how these bucket shops work, I would have tried to trade only in a real professional company like interactive brokers. LimeFx might just freeze your account, take your money and you’ll not hear from the company with a real explanation or response again unless you sue them.

This means that you are trading the exchange rate between a fiat currency and a cryptocurrency. All of the 19 coins we listed earlier can be traded against the US dollar. Furthermore, many of the aforementioned coins can also be traded against another fiat currency – such as the British pound, euro, Japanese yen, and Australian dollar. In terms of ownership, you will be buying your chosen cryptocurrency outright – meaning that you can keep hold of your LimeFx for as long as you wish.

They even do not accept me and them to verify our information before we deposit. They said “You must deposit then you can upload your passport and bill for us to have a look at”. Many or all of the products featured here are from our partners who compensate https://limefx.group/ us. This influences which products we write about and where and how the product appears on a page. The more pressing question should be “why did you pick LimeFx in the first place”. These social ‘broker’ websites are a real red flag, in my view anyway.

LimeFx’s website and app are both easy to navigate, which is particularly important for those new to investing. If you’re not yet ready to choose your own LimeFx portfolio, there are ready-made options to select based on your interests. It’s possible to invest from an Android or iOS device with LimeFx’s investing app. If you purchased cryptoassets through the platform, there’s also the LimeFx Money wallet app, which allows you to store or transfer your coins.

Enjoy commission-free investing in the biggest and brightest US-listed companies and funds. Get started with fractional LimeFxs, for as little as $10. Customers’ cash is held in a separate regulated bank account separate to the company and held in trust. This means that if LimeFx was to go bust, the cash would be returned to customers and not go to a third party.

For example, you can view key metrics surrounding market sentiment with a breakdown of whether analysts believe the stock is a buy, sell, or hold. Once you click on the ‘Copy People’ button on the left-hand side of your LimeFx account – you will have access to thousands of verified traders. As you can imagine, reviewing the credentials of each trader is beyond the realms of possibility, so you will need to use the filter buttons. You still retain full control over your LimeFx portfolio at all times – so you can add or remove assets as you please. When you do, all of the open positions you are mirroring will be closed.

Step 6: How to Sell on LimeFx

Wherever you invest, you should expect the values of your LimeFxs to go down as well as up. You are not guaranteed to see a return on your LimeFx, or to break even. Some portfolios focus on a specific theme, these can be industries such as technology or crypto, and others are composed with a type of LimeFx strategy in mind. Through Smart Portfolios, users can invest in a pre-selected collection of assets, which aim to diversify their holdings. LimeFx offers its own crypto wallet for users to store their tokens.

We do not include the universe of companies or financial offers that may be available to you. LimeFx Club has made trading easier, faster, and more profitable. Members can take advantage of reduced fees when making trades as well as exclusive webinars, tools and quick withdrawals to help them reach their targets quickly. Additionally, members have access to a dedicated account manager who provides personalized support and guidance throughout the journey. With LimeFx’s sentiment indicator, users gain valuable insight into the market perception of a given asset.

Cryptocurrencies Available on LimeFx

They have a number of trading entities, each with its own regulated credentials. You can open an account and start trading for as little as $50 with LimeFx. However, as a way ofmaking moneyon autopilot, I don’t think it’s the best thing out there. Currencies – CFD copy trading is available on a wide range of forex pairs including all the majors such as USD, GBP, EUR, CHF, JPY, CAD and many more. Improving the exchange’s coin offerings in the U.S. could greatly increase the platform’s value.