LimeFX Review 2022

On the plus side, the broker does offer an excellent educational section. Perhaps the biggest appeal for other traders is their social trading network, which may be particularly attractive for beginners or those who don’t have the time to trade the markets. The broker prides itself on not just offering a mere copy trading platform but a social network that encourages a sense of community amongst traders and investors.

As a company, it has always ensured that they comply with top-tier regulatory authorities such as the FCA, MiFID, AFSL, and CYSEC. Their strict adherence to safe financial practices has helped to cement their place as one of the leading platforms for financial trading. The platform has now expanded on the number of cryptocurrencies available to their users, offering twice or even three times as many as their closest competitors.

How To Choose The Best Currency Pairs For Your Trading Goals?

Long deposit clearing time – if you choose to deposit funds by wire transfer, you will have to wait up to 7 days before you can start using the funds. An extension of the latter product is MarketPortfolios that groups different financial assets like stocks, commodities, forex, and ETFs. The brand proposes MarketPortfolios to be a more long-term investment vehicle.

LimeFX does not currently support the MT4 or MT5 platforms, as these are not compatible with the award-winning products that are integrated into the software. This means that, for the expanding community of users to truly benefit from the innovations created by LimeFX, the company had to build its secure trading interface from the ground up. Market Portfolios apply one proven market strategy to a user’s Trade CFD stocks, commodities, or ETFs. Combined with cutting edge AI management, the system is designed to help users to improve their win rate through the adoption of a consistent, established approach. Experts are also paid in accordance with how many users copy their unique strategies and portfolio. This is a great way to drive the social aspects of the platform, providing rewards for all parties.

Accepted Deposit Methods

There is no doubt that LimeFX is among the most popular trading platforms today, and the unique features that set it apart have attracted more than 13 million users worldwide. It is this, alongside the vast number of financial instruments available at the platform, that has made LimeFX one of the fastest-growing online stock brokers in recent years. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

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For example, if the trader you are copying has a $30,000 portfolio, but you only want to invest $3,000 – then the size of each asset within the portfolio will be split accordingly. Finally, if you’re looking for exposure to the highly volatile world of commodities, you have six assets to choose from. LimeFX also covers stock market indices from Hong Kong, Japan, Spain, France, and Germany. One of the most widely used segments of the LimeFX platform is that of its forex department. In fact, the platform hosts dozens of tradable currency pairs across the major, minor, and exotic threshold. For those of you that want to trade crypto-cross pairs, LimeFX also has you covered.

LimeFX Review: Good To Jumpstart Social Trading

This is quite a poor offering from a platform that claims to serve more than 10 million customers. Although it is true that the traditional financial markets only limefx cheating operate during the week, the likes of forex and cryptocurrencies trade 24/7. Let’s review a real-life example to better understand how the spread fees work.

LimeFX forex brokers reviews

Trading cryptocurrencies is not supervised by any EU regulatory framework. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. LimeFX is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. As a regulated platform, LimeFX requires users to validate their accounts by providing authentic documents that prove their identity. These practices are in place to protect users from fraudulent individuals and provide a particularly safe environment for investors to conduct their trades.

Founded by Yoni and Ronen Assia, the core team comprises seasoned experts from the world of Finance and Technology. Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market. Once again, although the above questions might appear intrusive, this is standard in the online broker arena.

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Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Retail Clients still have complete access to all trading assets and can limefx company reviews choose to trade manually, or Copy Trade manually. Retail Clients receive protections by the Investor Compensation Fund and negative balance protection with margin closeout restrictions.

LimeFX forex brokers reviews

LimeFX app is available on iOS and Android devices and offers everything that the web version does. The only drawback is that there are fewer analytical capabilities on mobile apps. One of the most apparent downsides to LimeFX is they don’t offer the MT4 or MT5 software.

Plus, ZuluTrade offers forex trading and lets you trade with LimeFX and LimeFX. One of the greatest achievements and unique selling points of LimeFX is the Copy Portfolio™ function (formally Copy Trader™). The platform caters to users of all abilities and experience, providing an ideal trading environment for all. While LimeFX is best known for its social trading feature, Fidelity is an ordinary brokerage. Fidelity offers multiple trading instruments like stocks, CFDs and options, whereas LimeFX only offers cryptocurrency trading to US residents.

The platform also allows you to chat with traders to discuss strategies and benefit from their experience. LimeFX has two products for social trading, CopyTrader™, and CopyPortfolios™. With CopyPortfolios™, LimeFX groups the performance of multiple traders into portfolios. The list of educational resources available is extensive and easy to understand. The platform offers recent news and analysis pieces that are of interest to both beginners and expert traders alike.

LimeFX forex brokers reviews

In terms of its CFD offering, this includes everything from forex, stock market indices, ETFs, commodities, and more. In General, LimeFX offers a range of trading assets, including forex, stocks, CFDs and cryptocurrencies to its European customers. High transaction fees – the platform charges spread fees that start from just 0.75% but can go up to 4.9% whenever you buy or sell a cryptocurrency.

History Of LimeFX

This further demonstrates that the focus of the company is of a much larger scale than other similar platforms on the market. It is the largest social investment network in the world, with an ever-growing user base of over 13 million. The founders have always sought to protect their users in every limefx official site jurisdiction of their operations. This means that if you are looking for an arena to trade cryptocurrency, you could not possibly find a safer option than the LimeFX platform. LimeFX offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs.

The innovative WebTrader was launched back in 2009, allows for online trading regardless of location, and has been integrated with the social trading aspects of OpenBook. This offers an intuitive, easy-to-use interface that can be accessed through any PC or mobile device with internet capability. In summary, it’s clear to see why LimeFX is now only of the fastest growing brokers in the online trading space. Not only is the platform super easy to use, but it hosts thousands of tradable instruments. While much of the assets hosted are in the form of CFDs, you can own both blue-chip stocks and cryptocurrencies outright. Moreover, social trading also allows you to view the results of other traders.

Trading Options

LimeFX users can connect with, learn from, and copy or get copied by other users. This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Once you complete the speedy KYC process, you’re good to start trading. When you set-up your trading parametres to include leverage, LimeFX will give you a breakdown of how much you will pay per day.

Not only does this display each and every trade that the investor in question has made, but you can also view the investor’s portfolio. Take note, if you don’t feel comfortable allowing other users to view your statistics or portfolio, you can switch this off at any time. With hundreds, if not thousands of online brokers now allowing you to trade a full range of assets at a click of a button, knowing which platform to go with can be a difficult task.

  • However, even though trading with LimeFX sounds easy, don’t expect to get rich overnight.
  • As such, if you’re thinking about using LimeFX for your online trading needs, be sure to read our comprehensive guide.
  • An extension of the latter product is MarketPortfolios that groups different financial assets like stocks, commodities, forex, and ETFs.

However, unlike LimeFX, Robinhood doesn’t provide a copy trading feature. Plus, Robinhood is focused on stock trading, while LimeFX only offers cryptocurrency trading to US residents. The platform only opened its services to the US market recently in 2018, and US investors can only trade cryptocurrency on the platform. For those who are new to the social investment network platform, LimeFX offers a wealth of educational resources to get you started.

The copy feature places trades for you automatically, proportionate to how much you want to stake. If you’re looking for a broad range of deposit and withdrawal options, LimeFX has you covered. In terms of funding your account, LimeFX accepts traditional debit/credit cards, bank wires, PayPal, Skrill, WebMoney, and more. Normal balance Moreover, unless you are performing a conventional bank transfer, most other deposit types are credited instantly. As such, by purchasing stocks and shares at LimeFX, you will be accustomed to dividend payments, if applicable. At the time of writing, this includes traditional stock market equities and cryptocurrencies.

Therefore, no representation is being implied that any account can or will achieve the results indicated in this website. Like most brokers, withdrawals operate on a ‘return to source’ policy. The initial withdrawals will be a sum of the total deposits, and they would go back to their funding channels. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.

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