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When evaluating offers, please review the financial institution’s Terms and Conditions. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. Even without using CopyTrader, users can view millions of other traders’ portfolios, stats and risk scores. (While they have full access to all public profiles worldwide, U.S. clients can copy only other U.S. users).
- As a regulated company, we’re audited and monitored in all aspects of our business, therefore we can’t have practices that are deliberately disadvantageous to our users.
- If a broker violates the rules, there is a risk of immediate loss of the license.
- I did not know that I could access the portfolios of all traders even without depositing a single euro.
- Read about the trading conditions and the offer for traders.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this limefx reviews provider. You should consider whether you can afford to take the high risk of losing your money. 68% of retail investor accounts lose money when trading CFDs with this provider.
I had an amazing talk with my account…
Few weeks ago, for reasons out of my control, one of the transfers I sent was returned to my bank. I asked LimeFx about what should be done, and right after that they limited my account. You can trade a range of cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash and other lower-cap crypto assets. LimeFx offers a free digital wallet for storing cryptocurrency, known as the LimeFx wallet, which is accessible for iOS and Android. Copy trading is a feature on LimeFx that allows users to copy the trades of other users on the platform automatically.
Your position will remain open until you decide to cash out. When you are ready to sell on LimeFx, head over to your portfolio and find the respective asset. Then, once you click on the ‘Sell’ button and confirm the order – the position will be closed.
Thus, with a small amount of capital, it is possible to participate in the increase in value and the dividends of many shares simultaneously. In the main menu of the trading platform, you have transparent access to all functions. The functionality is really overwhelming and the trading platform is also available for all devices. In the left menu, you can operate the account and make settings. A detailed overview of your LimeFxs and the portfolio is very transparent and allows optimal management.
Is LimeFx A Scam?
Over the years I have experienced all the functions LimeFx offers with my own money and for long periods of time. Should LimeFx go bankrupt, the investors are covered by a private insurance (Lloyd’s) up to 1 million euro/dollars/pounds. Your data is securely stored at LimeFx under SSL encryption. Also, LimeFx actively fights parties who launder money or use the platform for criminal activities. We are not responsible for any action you undertake which results in financial or other types of loss.
If I am honest, even I had doubts before I started investing in LimeFx. So I can speak about my first-hand experience on LimeFx as a long-time investor. An important aspect of safe LimeFx websites is that they MUST be regulated. LimeFx is tecnically safe, because it exist since very long time and it is receiving a huge share of real internet traffic from real users. They have a number of trading entities, each with its own regulated credentials.
Or, if you short-sell GBP/USD and the exchange rate decreases – you will also make money. Cryptoasset investing is highly volatile and unregulated in some EU countries. There is no telephone support team, albeit, LimeFx does accept queries via email. Additionally, LimeFx is heavily active on social media platforms like Twitter – which is another angle you can take if you need assistance on your account. You can easily deposit funds via the app to – as well as make a withdrawal request. If you want to find an asset or place an order – you won’t be hindered by a smaller screen.
You can use the funds to invest in other assets or make a withdrawal. Like most brokers in the online space, LimeFx charges an inactivity fee. This will cost you $10 per month after 12 months of inactivity. Of course, if you have assets in your portfolio – then the inactivity fee will not come into play. Furthermore, if your account balance is empty anyway – you don’t need to worry about this fee.
Our findings: is LimeFx a scam?
While I always say learning to trade for yourself is best, learning to trade with the help of social trading features is a good way to do it. Been trading with LimeFx for the past 3 weeks, really good broker. I have my doubts about the copy trading when it comes to cryptos though, my advice is to use copy trading with real stocks only. Now they offer CFDs on 16 cryptocurrencies but for the time being, they only allow x2 leverage for cryptocurrencies. The brokerage offers Forex , Contracts For Difference and CryptoCurrency trading.
When you invest in a copy trading pro – your mirrored positions will be proportionate to the amount you invest. The minimum per trader is just $500 – and there are no additional LimeFx fees that come into play. In the case of cryptocurrencies like Bitcoin – we found the spread to average 1% – and slightly more on other digital assets. Ultimately, while listing each and every spread is beyond the remit of this LimeFx review – we found that across the board the broker is generally very competitive. Download LimeFx Money on your mobile device and create an account.
Withdrawals
If you search for a good provider you should sign up directly. The CFD Broker has regulations in Europe , Australia , and the USA . Also, the customer money of the traders is well protected.
The advantage here is that you can invest very easily directly in cryptocurrencies. Currently, over 12 coins can be traded at really low commission fees. LimeFx is not just an ordinary broker but offers many other opportunities to invest in the financial markets. As a trader, you can, for example, copy other traders or become a signal by yourself.
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. https://limefx.vip/ NerdWallet, Inc. is an independent publisher and comparison service, not an LimeFx advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances.
LimeFx Money is an innovative, ultra-convenient e-money account created by both LimeFx Money UK Ltd and LimeFx Malta Ltd. 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. The Islamic account is designed for users who adhere to Islamic finance principles and do not charge or receive interest. Please be aware of the risks of CFD trading in advance, as high losses cannot be ruled out. Users caught spamming or abusing will be deleted from the site and prohibited from future registration at thatsucks.com and affiliates. We recommend staying within the range of good taste and respectful language to avoid any unpleasantness.
