Support for more sophisticated order types, like order-triggers-other is important because they help traders navigate risk, quickly enter and exit positions, and take gains off the table. However, these complex order options aren’t supported by limefx. While these features combine to make a unique, interactive trading experience, the inability to short positions limits Popular Investor Program trading strategies. CopyTrade is also only available to trade cryptocurrency, as ETF and stock trading aren’t included in this feature. Investopedia is dedicated to helping those interested in cryptocurrency investing make informed and safe decisions.

To have a clear overview of limefx, let’s start with its trading fees. Keep in mind that the bastards first withdraw money , and only then begin to demand all sorts of verification, etc. The first thing you should know is that you are not allowed to withdraw your money from the account.

Forex, Gold & Silver:

Would be 5 star barring the technical problems for the first couple days. On top, which I find extremely valuable is the contact that limefx nurtures with its customers. All-in-all its an experience that is unique compared to other similar financial services. This is a 5 star rating for Alfie Newsome, not limefx customer services. It took over 3 weeks to make a withdrawal in the proper way, customer services were absolutely shocking and put me at severe financial risk.

Is limefx better than Coinbase?

The big difference is that limefx is a crypto broker where customers can invest in crypto alongside stocks, ETFs, and other assets. Coinbase is a dedicated crypto exchange with more educational information, more cryptos, and more functionality for crypto investors. limefx boasts social trading features like copy trading.

However, the limefx Club offering provides you with five separate site tiers that progressively unlock more research features and news options as you level up. limefx lacks many of the tools, calculators, and detailed trading functionality that most sophisticated investors would find necessary to carry out advanced trading techniques. Planning and screening tools are largely non-existent as well. Custom https://limefx.vip/ watchlists can be synced between the mobile and web platforms, allowing users to keep track of their interests regardless of which version is used to access limefx. Watch lists can be customized to add volatility alerts that send notifications directly to your phone. A social news feed adds another interactive element to the experience, with the site functioning much like a distinct social media feed.

Step 3: Deposit funds

This “Discover” tab also presents the CopyTrader feature, which we dig into below. limefx’s curated, thematic portfolios and unique CopyTrader feature provide options for both beginner and experienced investors who prefer a hands-off investing approach. Copy trades from other investors as you trade stocks, ETFs and cryptocurrencies. Aside from 16 cryptocurrencies, you can also learn and trade in traditional markets like stocks, bonds, forex, ETFs, commodities, and other markets. Im investing in limefx since 2020, My account was verifyied and my deposits where accepted really fast.

  • This means you need to verify your account through a process that is clear to understand or follow.
  • When convert fiat currencies to cryptocurrencies in your limefx wallet, you incur a fee of 5%, charged in the fiat currency.
  • 🛡️ RegulatorFinancial Conduct Authority , Cyprus Securities Exchange Commission , FinCEN , Australian Securities and Investments Commission 📞 Customer Support24-hour support 5 days a week.
  • NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor.

The main difference between the limefx money account and a demo account is that a money account allows you to trade with real money, while an limefx demo account uses virtual funds. This means that there is a risk of losing money when trading with a money account, but it also means that there is the potential to make profits. With a demo account, on the other hand, there is no risk of losing any money on the limefx platform as all trades are made with virtual funds. However, this also means that any profits made on limefx are also virtual.

How are you protected on limefx?

Once the funds have been successfully deposited into your account, you’re ready to buy on limefx! Now what you need to do is go to the “Trade Markets” section in the navigation bar and click “Crypto”. Now that your profile is completely verified following the limefx review, you’ll be able to deposit funds and begin trading. Depositing funds on limefx is very simple, all you need to do is click “Deposit Funds” under your profile.

Why can’t I sell on limefx?

The sell option is not available for volatile stocks. Hence, it is greyed out for any high-risk stock. The sell option is also disabled after trading hours, and if there is no more stock to sell. Not all markets are available for trade at the moment on limefx.

For example, if a trader opens a CFD trade on oil, they aren’t purchasing actual barrels of oil that must be shipped, distributed, and stored. Instead, the trader is speculating on whether the price of oil will rise or fall over a limited time period. Tradersunion.com needs to review the security of your connection before proceeding. You can trust the integrity of our balanced, independent financial advice. We may, however, receive compensation from the issuers of some products mentioned in this article.

limefx social trading

limefx is probably one of the best brokers for real stocks and CFD that you can use. With limefx, you can trade or invest in assets from the US stock exchange and many more markets (UK, Europe, Asia, etc.). You can also use the Copy Trading limefx feature to copy successful limefx traders. Just remember to review their success rate before investing. It has a lot of innovative features, like social trading and copying other traders. limefx is a relatively new but fast-growing broker company with more than 5 million traders in 140 countries.

This is attractive for passive traders and for inexperienced users to merge self-directed and copy trading. If you are just starting out, this is a great place to get insights. Non U.S. clients incur a currency conversion fee for withdrawals and deposits . You enjoy social trading and want the ability to copy the moves of profitable traders who have strong track records of outperformance. CopyTrade provides the extent of trading idea generators at limefx.

Please note that this document is for information purposes only and to make it easier for you to handle taxes. As you can see, you can start with a small investment if you are interested in stocks, ETFs or CFDs. limefx website But the amount required will be much higher if you want to invest in other types of CFDs such as indices, currencies or commodities. Only choose traders who invest in products that you understand and trust.

  • limefx review- Social investing platform pros and cons and traders ratings.
  • Granted, much of this performance is the result of a crypto bull run, so take CopyTrader results with a grain of salt.
  • However, using a non-custodial crypto wallet isn’t for everyone.
  • CFDs are complex financial assets and 68% of retail investors incur losses when trading CFDs with limefx.

We analyze and compare tools to help you make the best decisions for your personal financial situation. An inactivity fee is a downside, although it’sveryeasy to avoid this fee. Overall, limefx’s Smart Portfolios are almost a middle-ground between using a robo-advisor and a stock recommendation service like The Motley Fool.

limefx also has several user level protections such as Two-factor authentication and account encryption. The selection for crypto investors in other countries includes almost all the top 20 cryptos by market cap. Some crypto exchanges offer 200 or more different coins and tokens, but limefx’s selection is still solid. Investors can access smart contract cryptos, gaming, metaverse, and DeFi tokens. The only real gap is that stablecoins such as Tether and USD Coin are not available.

limefx broker reviews

More interesting features of limefx include mobile apps and stock trading. Mobile Apps, such as the eTrader, are incredibly easy to make trades with when you are on the go and outside your office. Unlike other social trading platforms, limefx also has advanced functionality when it comes to investing and stock shares trading. limefx is great for cryptocurrency investing with over 15 coins available. It also offers social trading which allows you to copy and trade automatically based on the moves of other traders. However, traders are hit with high forex fees and withdrawing money can be a slow, expensive process.

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