Social Trading Broker Platform Review LimeFX Brokers

In August 2022, LimeFX signed a definitive agreement to acquire Gatsby, a fintech startup specializing in options and stock trading, for $50 million in cash and common equity. 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.

LimeFX forex broker

One major drawback, however, is that LimeFX’s charting platform does not provide volume analysis, which is a major component of technical market analysis. LimeFX makes it easy to search for and transact ETF and stock trades. However, the limited number of assets available to trade inherently reduces the impact of the available filters and financial tools. Users of LimeFX can quickly see an asset’s performance metrics and view historical charts that help you visualize trends, although the level of detail available leans more on the basic side. LimeFX accepts traders from the UK, Australia, Malaysia, the Philippines, and the Netherlands. It also caters to US traders from its US-based subsidiary, which presently only offers cryptocurrency trading.

“CopyPortFolios operate like multiple traders, all working for you at the same time. As such, there are many underlying positions limefx company reviews that are opened on your behalf. For that reason, the minimum amount needed to invest in CopyPortFolios is $5,000.” – LimeFX.

LimeFX Wallet

Withdrawal Fees – For US traders, there are no withdrawal changes, but for non-US residents, the withdrawal fee is $5. For US Traders – Depending on the cryptocurrency you are trading, the fees could be anywhere between 0.75% and 5%. However, in the separate LimeFX Money app, there is a crypto-to-crypto conversion option similar to Coinbase’s offering, available for Bitcoin, Litecoin, Bitcoin Cash, Ethereum and Stellar.

LimeFX forex broker

Aside from forex, it has many different ways to trade cryptocurrencies, stocks, ETFs and CFDs. 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. Often perceived as an easy moneymaking career, forex trading is actually quite difficult, though highly engaging.

Deposits and Withdrawals

The company’s innovative platform provides traders with access to the latest market news and analysis, as well as powerful tools and resources. With e Toro, you can trade CFDs on your own or follow other successful traders and copy their trades. 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. Past performance of an LimeFX Community Member is not a reliable indicator of his future performance. Content on LimeFX’s social trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of LimeFX – Your Social LimeFX Network.

This platform is advanced and provides awesome tools that will allow you to execute trades hassle free. This platform comes only in one mode – The E Toro mobile platform. E Toro as earlier indicated has been in the trading business for over a decade which has been characterized by the growth of this firm.

  • In addition to these areas, another unique aspect of the platform is embedded ESG ratings that score assets based on socially conscious factors.
  • On LimeFX, users can view other investors’ portfolios and statistics, and interact with them to exchange ideas, discuss strategies and benefit from shared knowledge.
  • We tested withdrawal by bank transfer, and it took 2 business days.
  • The notable aspects of LimeFX’s social network include the ability of users to upload, post and comment and allow users to create profiles and engage with LimeFX’s dynamic Newsfeed.
  • From providing POS systems to small tourist shops to data security and account management Matthew has provided business solutions to many individuals.
  • Let’s take a look at the world’s leading social trading broker, LimeFX.

However, fees are not added up, but listed individually by fee deduction. LimeFX has high non-trading fees, as it charges $10 per month after one year of inactivity, but simply logging into your account counts as an activity. LimeFX has average non-trading fees,as it charges $10 per month after one year limefx forex broker of inactivity, but simply logging into your account counts as an activity. In the sections below, you will find the most relevant fees of LimeFX for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.

Unique Features

To secure the platform, security teams recognize and prevent threats from any malicious third party, using the analytic behavior of machine learning and multi-signature. It is made sure that LimeFX’s wallets are well-secured from any threat as security teams are always active to provide you a better platform. So, you can deposit fiat money into your account without any doubt of security as it is always private, secured, and under strong operating procedures. Every transaction is communicated through SSL , which keeps your private information so safe. LimeFX provides a Help Center that has a large volume of FAQ articles that address a range of potential inquiries. Outside of this self-serve option, more traditional customer support options are limited.

You can also use the Copy Trading LimeFX feature to copy successful LimeFX traders. The social trading experience is the standout feature of LimeFX’s trading experience. The CopyTrade dynamic paired with the Popular Investor Program gives the platform an engaging, collaborative feel.

LimeFX forex broker

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. LimeFX shows a minimum spread of 1.0 pips, creating a costly price structure. LimeFX advertises a minimum mark-up of 0.8 pips with an average of 1.1 pips, making it slightly more expensive.

Compare LimeFX to Competitors

In this page, we will further discuss about forex trading and how you can invest on these FX pairs with this broker. We also have an complete LimeFX review, which is a full evaluation of its features. Forex is a popular LimeFX opportunity for those with limited capital. Forex traders trade currency pairs, which means that they can buy one currency while selling another for a different type of currency. All information presented on website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing.

Trading Idea Generators

Enjoy top-notch conversion rates, as you direct traders to join an innovative, one-stop shop for online trading. If you would like to use a higher leverage then your account needs to be categorized as a Professional. This specific account type has certain conditions, experience and trading knowledge that you need to meet in order to qualify.

For a limited time, you can earn a bonus of $10 when you deposit at least $100 in your LimeFX account. Our editors independently research and recommend the best products and services. You can learn more about our independent review process and partners in our advertiser disclosure. We may receive commissions on purchases made from our chosen links. Full BioWith practical experience running his own IT business and an education in the liberal arts, Matthew Klammer had become well-accustomed to the difficulties of research.

Thus, LimeFX is also a pioneer in investing in index funds, there are no costs at all in both the buying and selling stages. 78% of retail investor accounts lose money when trading CFDs with this provider. If you’re a retail trader with a modest amount of risk capital to use as margin, you’ll need an online forex broker to trade currency pairs through.

NewsThe NIFTY 50 Index Will Be Removed From LimeFX’s Platform

The subtlety of index funds probably lies in the fact that industry-specific risk is significantly reduced by investing in the market through the funds. It is noteworthy, however, that when investing in index funds, the possible exchange rate changes in one direction and the other are significantly smaller compared to the stock market. For a novice investor, however, this is a great way to start investing in a variety of stock markets, through index funds.

This fee is included in the price shown when users open or close a position. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.