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Among these are stock trading, ETFs as well as other cryptocurrencies – all available on their user-friendly platform. LimeFx has been one of the leading trading platforms in the field of contract for difference, social, and copy trading since 2007. Overall you can invest in more than 2,000 different assets and markets.
With more than 9 years of experience in financial trading, we have tested the provider for contracts for difference , forex, cryptocurrencies, and stocks. Read about the trading conditions and the offer for traders. Does it really make sense to invest money with this broker?
These bundle together a select combination of CFD stocks, commodities, or ETFs, according to a predefined theme. These are three of the most prolific regulatory watchdogs so the probability of LimeFx being a scam is extremely low to non-existent. Or, you can manually brose what instruments are supported by clicking on the ‘Trade Markets’ button. Bank transfers are also accepted but this might delay the deposit process by a few days. After confirming the address, click ‘send’ and the tokens will leave your LimeFx Money wallet and should appear in your MetaMask after a few minutes.
Instead of first learning how to invest, they immediately deposit money and open random positions. This will certainly lead to a large LimeFx loss in the long run. We investigated LimeFx extensively and concluded that LimeFx is not a scam.
The second option you have is to download the native LimeFx wallet – which is available via an Android and iOS mobile app. This option will give you more control over your cryptocurrency LimeFxs – as you have the option to transfer coins in and out of the wallet. LimeFx helps traders stay on top of their risk through different risk management tools. Any form of trading, be it traditional stockbroker trading, or Contract for Difference trading, involves risk. LimeFx encourages its clients to take safety measures and provides various tools for reducing risk while encouraging responsible trading.
The Trustpilot Experience
My life became a nightmare and my kids are suffering, I asked for a reimbursement of 10000$ which is negligible compared to the losses $170,000. I always appreciate Mario taking the initiative to discuss about market developments and product ideas. He reacts with respect to important market changes and involves me in a very good exchange of ideas. 3 The personal service i have received has been amazing.
LimeFx is a reputable company trusted by millions of users worldwide. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. We believe everyone should be able to make financial decisions with confidence. When you navigate to each coin or managed portfolio, though, you gain access to a unique feed that presents user posts related only to that specific offering. These comments may be helpful in sparking trading ideas for those new to the crypto world, but their quality is not assured.
We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations. The final output produces star ratings from poor to excellent . Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. Here is a list of our partners and here’s how we make money. The lack of altcoins available, particularly in the U.S., is a problem for LimeFx.
So, less small withdrawals will lead to less commission to pay on LimeFx. LimeFx is quite transparent about their prices and there is a page dedicated to withdrawal fees. Peak periods in support requests now happen with some regularity and coincide with price spikes in Bitcoin or even other highly coveted assets . Some users are angry because of the slow customer service. Well, most of the negative reviews seem to be written by users who have only left one single review on Trustpilot, and it is a negative review.
CFD Trading
I believe in helping people, which is why I share what I am learning. Bad investing decisions can bring losses on all brokers. Past performance is not an indication of future results.
LimeFx encourages its users to share their real name and picture to ensure transparency. Moreover, depositing clients are subject to a strict verification process, making sure they are who they claim to be. Crypto assets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework. If you’re looking for a straightforward, diversified way to invest your money, LimeFx’s Smart Portfolios are the perfect choice. Their experienced LimeFx professionals have created pre-made portfolios based on various investing strategies including growth, income, and value – all managed by us!
I also tried investing with LimeFx copytrading and Smart Portfolios. Now let’s move to the reasons way LimeFx can be considered safe and reliable form an investor perspective. Is there any reason for them to hold my money for that long? They are using my money to make profit and there is no sign about getting my money back.
LimeFx Minimum Deposit
A pioneer in social investing, LimeFx offers investors the ability to copy the cryptocurrency trades of pros. In addition to cryptocurrency, the broker offers access to stocks and ETFs. The company also offers brokerage services and trading in other assets, like exchange-traded funds and stocks. LimeFx is a multi-asset platform which offers both investing in stocks and crypto assets, as well as trading CFDs.
Other stocks from NASDAQ were closable, only stocks that were falling, could not be closed. They paid out my money today to paypal in less than 15 hours without any issues. But these may be due to paypal’s buyers insurance causing them trouble if they did not. The support team is available 24 hours a day on trading days.
LimeFx cannot guarantee 10% per month or similar nonsense! I advise you to stay away from those who promise guaranteed returns on LimeFx, because this is not possible. LimeFx is an instrument limefx review for investing, does not guarantee returns and is not a “Ponzi scheme”. Most of them point out that the only safe way to use LimeFx for a beginner is to test some copy trading.
- If I do copy trading on LimeFx I just need to pick one or more traders to “copy” and let the system do he job for me.
- Especially in the cryptocurrency area, the provider is far ahead when it comes to low fees.
- Any form of trading, be it traditional stockbroker trading, or Contract for Difference trading, involves risk.
- LimeFx offers support for every interested party and customer.
Under “Markets” there are different categories to which the markets are assigned. LimeFx provides important information directly in this market selection. In addition, the LimeFx decisions of other traders are displayed. Obviously, you can see transparent and legal information about the company, as well as the very good conditions that LimeFx offers to customers. And you can be completely assured of the monetization opportunities that LimeFx offers you. Other social trading features by LimeFx include Copy Funds.
Is LimeFx Safe on Reddit (reviews)
LimeFx is a company registered in Cyprus and it has been authorized to operate in several countries including many the US states. If you cannot judge https://limefx.club/ yourself, I can tell you that 0.75% commission is not much to buy cryptos. The LimeFx insurance covers cash, CFD, and all securities except cryptos.
The main thing that sets them apart from other brokers is the social and copy trading aspect. Traders around the globe are coming together to follow others or to be followed . This concept was first introduced by scammed by limefx LimeFx in 2010 when they were the first to do it, so we can safely say they are a true pioneer in the online trading industry. However, at the time of writing, US citizens can only buy and sell cryptocurrencies.
Find The Best Broker For You
Withdrawal requests are subject to fees, which will be visible in the Cashier section of the client’s account. The fee is 5 USD, which is not a lot, but still, most brokers don’t charge for withdrawals; maybe LimeFx should scrap this fee as well. They also charge a monthly inactivity fee of 10 USD after 12 months of inactivity. Support was quick to answer, polite and helpful, so nothing to complain about here.
