CopyTrader is also only available to trade cryptocurrency, as ETF and stock trading aren’t included in this feature. Professional traders may request an account upgrade if they qualify. LimeFx also provides an Islamic account where the minimum deposit is $1,000, while most traders can open it between $50 and $200. Depending on the geographic location, LimeFx offers its LimeFx Money Account, which comes with a debit card for swift financial transactions.
In addition, there is financial information publicly available on the company. Citizens of the United Kingdom can open an account at LimeFx Limited and thus they will be protected by the FCA. If LimeFx becomes insolvent, LimeFx UK clients can expect to be compensated by the maximum amount of £85,000 guaranteed by the Financial Services Compensation Scheme .
Markets and products
We’re not sure how LimeFx would handle corporate events (e.g. a spin-off). Finding the fee report is quite complicatedon first instance. Click on the ‘Portfolio’ tab, then go to ‘History’, and under the settings icon at the top right, you can access and download your account statement. This is a well-structured pdf file showing all your cash flows, including fees. When you are following someone, you will see all trades separately.
The flagship CopyTrade and Popular Investor Program features are the highlight of the platform. These offerings combined with the site’s interactive nature can make the user experience feel more akin to a social media platform than a traditional brokerage service. In addition to these areas, another unique aspect of the platform is embedded ESG ratings that score assets based on socially conscious factors.
At LimeFx, you can trade CFDs and forex, as well as real stocks, ETFs, many cryptos and options. Innovative services like social trading and Smart Portfolios are also available. LimeFx offers free stock, ETF and options trading, while forex and CFD fees are low. Traders can join the LimeFx community and feel a part of a group through the platforms social trading, access ready-made portfolios through CopyPortfolios, along with accessing data from CopyTraders. However, there are no third-party alternatives offered, such as MetaTrader which can be a big disappointment for many.
LimeFx’s app is available for iOS and Android, and has received mostly positive reviews. And although it does not offer crypto-to-crypto trading pairs, LimeFx’s mobile app offers advanced charting capabilities, customization and alerts. LimeFx provides a free digital wallet to store cryptocurrency, known as LimeFx wallet, available in iOS and Android. There is a 2% fee to transfer funds from LimeFx’s LimeFx app to its crypto wallet. 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.
- The spread pricing and payment for order flow information is available as well.
- With LimeFx’s social trading network, users can explore and copy the trades of more experienced investors for crypto, stock, and ETF assets.
- This platform is advanced and provides awesome tools that will allow you to execute trades hassle free.
- However, when you’re copying a popular investor, the minimum trade amount is $1.
- It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.
- Our ultimate guide to the LimeFx minimum deposit is updated regularly.
SinceLimeFx is a CFD/forex broker, pay extra attention to the possibility that the options you buy or sell might not be listed options, but rather a so-called ‘contract for difference,’ or CFD. Some traders prefer listed options because they are thought to be more liquid. While there is no extra fee for this service, spreads and overnight fees may be applied according to each opened copied position. LimeFx offers a wider range of stock and ETF CFDs than its closest competitors. The number of available cryptocurrencies to trade is excellent. All of the above seem to suggest that while LimeFx is great for stock traders, for long-term investors it might not be the best choice.
LimeFx now operates in more than 140 countries around the world and boasts 20 million users. You should seek advice from an independent and suitably licensed financial advisor and ensure that you have the risk appetite, relevant experience and knowledge before you decide to trade. Cryptoasset investing is unregulated in most EU countries and the UK. Trading with LimeFx by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Past performance of an LimeFx Community Member is not a reliable indicator of his future performance.
There is no deposit fee charged, while withdrawal requests are subject to a withdrawal processing fee. $30+ withdrawal amount will be charged a withdrawal fee of $5. Many or limefx website all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page.
Tradable Assets 📝
Scroll down, look for “Copy Top Investors” and click on the “View All” button. You can use LimeFx to invest in the world of currency trading. With it, you can buy and sell a range of currencies, including following the advice of professional traders, all on one platform. Other Russian-based stocks were also reviewed for potential liquidation. The day after saw LimeFx closing all MGNTL.L positions at around $0.0124 per share.
To read much more details about the broker’s services and features, expand on the sections below. LimeFx’s live and recorded webinars hosted by its trading experts are a great way to accumulate valuable trading tips. Their financial trading eCourse and trading videos are also freely available to anyone interested in taking on the markets. LimeFx even facilitates text translation on its platform when traders of different nationalities need to communicate. For example, a risk score of 6 means that a trader risks on average between 3.9% and 5.4% of his account’s equity per day.
In 2013, it was fined €50.000 by CySEC due to detected weaknesses which concerned its organisation and operation structure back to 2010. In 2015, LimeFx was added to Quebec blacklist as an unauthorized foreign company that encouraged residents to invest in binary options via its trading platform. A digital wallet is provided by LimeFx to store cryptocurrency, known as the LimeFx wallet. Environmental, social, and governance scores are provided for more than 2,000 assets on the platform. LimeFx makes this information especially visible, as you’ll see different color patterns and a rating based on how well an asset aligns with socially conscious values.
This makes trading with a small account impractical and very risky. Then you can also engage in different commodities and exchange-traded funds . If you like trading currencies, there are 47 pairs to choose from as well as most of the major cryptocurrencies, likeEthereum. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. Funds deposited using Klarna / Sofort or Trustly become withdrawable within 7 business days of deposit.
The site also has high trust due to the fact that it’s regulated by FCA, CySEC and ASIC and has licenses from these financial institutions. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the limefx scam information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
Is this broker good for beginners?
I like the trading experience at LimeFx for social trading, where it delivers a competitive toolset and an active community, ranking it among the leaders in this category. I think LimeFx is best for millennial and GenZ traders, who prefer using their mobile phones to copy other traders. The proprietary trading platform features a clean interface, and analyzing assets is simplified. LimeFx delivers an exceptionable educational platform I recommend for beginner traders. The three unique features I found are CopyTrader, CopyPortfolios, and the missing MT4 trading platform. The first two offer social traders the tools they require and using them requires just a few clicks.
The platform offers over 2,000 tradable assets and includes features that will suit both novices and more advanced traders, too. Traders can access full-featured charting, with 66 indicators and multiple drawing tools. In 2013, the firm introduced the capability to invest in stocks and CFDs, alongside commodities and currencies, with an initial offering of 110 stock products . The same year, it was authorized to offer services in the UK, under the subsidiary LimeFx UK.
NewsLimeFx Expands Its US Presence With Option Trading
Customer service is available 24/5, but live chat is only available for existing users. Visitors with questions for LimeFx may open a support ticket via the website. An e-mail and phone number are available for clients https://limefx.name/ for the LimeFx Australian subsidiary. I think most clients may not require customer support, but LimeFx remains readily available for existing clients. Most payment providers, such as e-wallets, take 1-2 business days.
LimeFx is a trading name of UK-based Gain Capital, which operates under the oversight of the FCA. Since October 2020, Gain Capital is part of US publicly-listed StoneX. Client deposits at both brokers remain segregated, and select jurisdictions have an investor compensation fund. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. This means that it hasalready survived one crisis, which is a good sign. LimeFx is a privately-owned fintech startup, with owners including venture capital funds like Commerz Ventures Gmbh, the VC arm of Commerzbank, as well as Israeli, US and Chinese investors.
Smart Portfolios are built around a theme by LimeFx’s algorithms or by LimeFx external partners. For example, it is not possible to initiate a stock transfer between LimeFx and another brokerage . This means that all positions that are opened with LimeFx must be closed with LimeFx.