LimeFx scam
LimeFx scam

I believe that LimeFx is potentially “less risi” compared to other trading platforms because they offer copytrading. Many of these portfolios are not user friendly and hard to understand for new investors who do not know how to pick one. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site.

LimeFx is one of the world leading Forex Brokers and is largest LimeFx social trading network that serves more than 6 million users from around 150 worldwide countries. LimeFx was founded in 2006 by three partners, who aimed to create a financial trading platform suitable to traders of all levels, offering easy and convenient trading tools. Some people don’t realize that you can lose money by investing. When you start investing with LimeFx, it is clearly stated everywhere that you can lose money. The platform also offers various options with which you can manage your risks. With a stop loss, for example, you can prevent your losses from increasing too much.

Is CFD trading available on LimeFx?

LimeFx will become an Official Sponsor to the team and its two promising young riders, Iker Lecuona and Joe Roberts for the rest of the 2019 season. Based on our Expert research, we learned how exactly the LimeFx Copy trade works. Once you sign in and confirm all the necessary data for Live account opening you may join millions of traders from around the globe available in the LimeFx community. LimeFx Platform is ranked good with an overall rating of 7.5 out of 10 compared to over 500 other brokers.

Then, they continuously make adjustments to maximize profits. LimeFx’s social trading network or social LimeFx network is described as “using user-generated content and crowd intelligence to conduct transactions online”. Like any broker, LimeFx requires you to set up a trading order – which it will then execute on your behalf. LimeFx gives you access to thousands of markets – covering stocks, ETFs, forex, commodities, digital currencies, indices, and more. Investors of all shapes and sizes are also attracted by the social and copy trading features offered by LimeFx – as well as the broker’s strong regulatory standing.

LimeFx scam

An unborrowable asset is an asset that won’t be lent out to short-sellers, which might happen when there is no one willing to lend out the asset. This is a safe environment to learn all about the platform and its unique features like CopyTrading, Smart Portfolios and more. Following the processing, a withdrawal will take an additional 3-8 business days until the funds arrive to the used method of payment. Other methods might take several business days to arrive depending on the payment provider chosen. When sending a Bank Transfer, please make sure to take the bank details from the LimeFx platform according to the chosen currency. Instant payments like Credit Card, e-wallets and others will appear immediately on your LimeFx account.

User friendly platform

But at first months, I got fast response to my questions from customer service. But now i communicate very fast directly with whatsapp support. Thank you for taking the time to leave us a review of the LimeFx platform features and offers.

LimeFx Review 2023 Pros, Cons & Best Features – BanklessTimes

LimeFx Review 2023 Pros, Cons & Best Features.

Posted: Fri, 03 Feb 2023 08:00:00 GMT [source]

The CopyPortfolios are friendly for anyone who wants to build a diversified portfolio. Similar to an ETF, a CopyPortfolio contains several different assets that together form an “Asset”. So if you invest in a CopyPortfolio, the LimeFx is spread over a large number of LimeFxs at the same time. LimeFx offers a wide range of analysis tools for trading. Wherever you invest, you should expect the values of your LimeFxs to go down as well as up.

Is LimeFx Safe or Scam?

And of course – LimeFx is heavily regulated across several jurisdictions – so your capital is safe. LimeFx is now one of the largest brokerage sites in the online LimeFx scene – with over 20 million clients using the platform. Not only is the broker commission-free across thousands of assets and super easy to use, but you can even invest passively via the Copy Trading feature. You don’t have full control over closing and modifying your trades, it’s up to the market. If the market’s volatile, your difficulties will increase.

A certain level of safety also depends by the wise use of the tool. To be clear, LimeFx has 20 million users and it is a very old and popular broker. 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 limefx scam 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. Did a copy trader for a few weeks, this didn’t work well, even though the copy trader shows as having made profit, I only made a loss.

LimeFx scam

All withdrawals – apart from a bank transfer, are instantly processed by LimeFx. All in all, we really like the LimeFx social trading side of things – as it allows you to communicate with like-minded people. It also allows you to learn and grow while you trade – as you get to see what the most successful investors are doing. You can also use the social trading tools to gauge what the wider market sentiment is at any given time.

More details about LimeFx’s ratings

For beginners who do not yet have an LimeFx account, there is only email and ticket support, which is supplemented with a large FAQ. For merchants with an account, there is an additional telephone service and chat service. Since the Bitcoin boom, LimeFx has also made it possible to trade cryptocurrencies (Bitcoin, Ripple, Ethereum, etc.). You can profit from rising and even falling prices on the trading platform.

Additionally, members have access to a dedicated account manager who provides personalized support and guidance throughout the journey. So we start with great news from one of the largest and very popular social trading broker LimeFx that delivers thousands of opportunities to invest, trade, copy or to be copied. While LimeFx itself is a well-regulated, widely known and one of the biggest social trading communities, there were some cons on its offering. Social trading and multi-asset brokerage company LimeFx has added ZCash , the privacy-focused cryptocurrency, to its list of cryptocurrency offerings. Also, currency pairs, and a number of provided solutions is other key advantage to its positive side. The broker offers competitive costs and good education materials and research suitable for traders of different levels.

LimeFx scam

If you are looking to buy shares that are listed on the London Stock Exchange – a stamp duty tax of 0.5% is payable. This is ordinarily deducted by the brokerage site that you use to make lime fx the LimeFx. However, LimeFx waivers this fee – meaning that you can buy UK stocks and save yourself a further 0.5%. Download LimeFx Money on your mobile device and create an account.

You can buy, sell, and trade thousands of assets without paying any commission. The broker is regulated by three tier-one bodies and allows you to copy other traders like-for-like. 67% of retail investor accounts lose money when trading CFDs. LimeFx charges a 1% fee for buying or selling crypto assets on its platforms. For stocks and ETF trades, there is no commission, and the broker foots the bill for regulatory transaction fees when you sell a stock. The platform also charges overnight and weekend fees for holding positions overnight or over the weekend.

  • A pioneer in social investing, LimeFx offers investors the ability to copy the cryptocurrency trades of pros.
  • LimeFx’s online help put you on a endless loop of fake customer service checking with financial department & back again.
  • But the payouts are always processed fixed (in max. 3 days).
  • This knowledge can be extremely beneficial for those who want to invest contrary to what other people believe is best.

You will need to contact LimeFx to get this opened and you will be required to deposit at least $1,000 to be eligible. You can publish your thoughts via a post – which other LimeFx traders can then see. Some traders might decide to ‘Like’ or reply to your post. You can also add traders to your ‘watchlist’ – meaning that you will be notified if and when they comment or ‘Like’ post on the LimeFx website.

If you enter the wrong wallet address your funds will be lost forever. Once your cryptos are stored in the LimeFx Money wallet, you will be able to send them to toher addresses. As the name suggests, this means you will be trading the exchange between two digital currencies – say Bitcoin and Ripple (BTC/XRP) or EOS and Ethereum (EOS/ETH). Furthermore, by taking this option, you can sell your coins at the click of a button without needing to perform a transfer. Stock CFDs also allow you to enter a short-selling position on LimeFx.

Great platform all round!

There are risks to copy trading because you are copying both profitable and unprofitable trades. Furthermore, a copied trade is slightly delayed, which means you may not achieve the same results as the person you are copying. LimeFx is a CFD trading broker so it’s worth taking some time to explain CFDs. There are also various withdrawal fees based on the region.

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