LimeFx broker reviews: LimeFx Reviews 97 Reviews of LimeFx com

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. When I started using LimeFx, I had no idea what a broker is or how you should invest using one. Still, the app platform’s interface is so intuitive I was able to purchase my first shares in minutes.

Founded by Yoni and Ronen Assia, the core team of LimeFx is comprised of seasoned experts from the world of Finance and Technology. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. LimeFx USA LLC; LimeFxs are subject to market risk, including the possible loss of principal. LimeFx operates in accordance with FINRA and FinCEN and any funds in your LimeFx account is held in FDIC-insured US banks. In addition to meticulous annual data collection by our in-house analyst, every broker that participates in our review is afforded the opportunity to complete an in-depth data profile.

Where LimeFx shines

This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. If you find discrepancies lime fx with your credit score or information from your credit report, please contact TransUnion® directly. Even without using CopyTrader, users can view millions of other traders’ portfolios, stats and risk scores. (While they have full access to all public profiles worldwide, U.S. clients can copy only other U.S. users).

Traders who require further assistance may contact the Customer Service Center; existing users have access to live chat, while visitors are asked to fill out the webform. A phone number or e-mail address is not provided, and neither are the hours of operation. Customer support is a service most traders never require, especially at a well-operated brokerage such as LimeFx USA.

LimeFx at a Glance

We also confirmed that you could engage any of the support team members via live chat to get help at any time. The spread value is the difference between the price you want to sell and the average market rate. For example, if a stock costs $5,000 on the market, and you are asking for $3,000, the spread for such a transaction is $2,000.

Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. Matt is a Certified Financial Planner® and LimeFx advisor based in Columbia, South Carolina. He writes personal finance and LimeFx advice for The Ascent and its parent limefx review company The Motley Fool, with more than 4,500 published articles and a 2017 SABEW Best in Business award. Matt writes a weekly LimeFx column (“Ask a Fool”) that is syndicated in USA Today, and his work has been regularly featured on CNBC, Fox Business, MSN Money, and many other major outlets.

See all the countries LimeFx operates in.

We noted no account management fees during our LimeFx review other than an inactivity fee of $10/month if there is no login activity after 12 months. Withdrawals incur a fixed fee of $5 per transaction and deposits have varying fees depending on the payment method and original currency. There are no hidden management fees to use the two Copy Trading platforms available at LimeFx.

Furthermore, LimeFx will respond to a negative review you post but not doing anything about it. SustainabilityInformation regarding a business’s commitment to reducing their environmental footprint and meeting sustainability goals will be shown here, if applicable. Essentially this means that you could copy an investor that is seeing a 300% return, and with the click of a button, you will be following and entering all his positions. In a way, this does seem like a “special promotion” in itself. Additionally, you can find information on if your country is supported by LimeFx here. Remember, the laws, regulations, and sanctions play a big role in whether or not a broker will support a region, so this is one of the first things you will need to consider when looking for one.

Copy Trader

We are excited about LimeFx’s LimeFx opportunities in ETF, which could yield regular dividends for all investors. Your LimeFx qualifies you for regular dividends, paid according to your ETF’s performance. Allows the use of copy trading software for new or intermediate investors. It is also noteworthy that the FCA monitors the operating methods on the platform.

It is an LimeFx platform that you will use to trade CFDs. You are also able to copy other traders and mimic their positions. You will need to invest with your own capital, and if you are successful at trading, then you will grow your equity with the option to withdraw it at any time. All of LimeFx’s features and services are designed with beginner traders in mind. The LimeFx platform has a user-friendly design and is straightforward to understand. Remember that we touched on the fact that LimeFx has no account fees and also none for depositing and withdrawals.

LimeFx Professional Account

One click trading can be enabled to trade directly from the watchlist. There is a good range of technical indicators and graphical objects to analyse the market. The buy and sell buttons can be used to efficiently place trades. LimeFx accepts clients from all over the world, excluding some countries such as Canada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan and Syria. If your country is not supported, please feel free to browse our broker reviews for an alternative option.

This website is free for you to use, but we may receive commission from the companies we feature on this site. The main analytics tools you will often use on the platform include trend lines, pricing charts, and special tools, which are classified as technical indicators. The platform allows you to cap your transactions at a specific value to avoid losses.

How we make money

In addition to these areas, another unique aspect of the platform is embedded ESG ratings that score assets based on socially conscious factors. You can also filter for ESG scoring in the trade search menu. A “Trading” tab lets you view prices and buy, sell, or convert crypto, ETFs, or stocks.

• LimeFx Club members can also receive customer support via live chat and phone, though methods of contact depend on the level of club membership.
• With this feature, you can deposit and withdraw funds, easily send and receive money, and store crypto.
• 79% of retail investor accounts lose money when trading CFDs with this provider.
• Traders who require further assistance may contact the Customer Service Center; existing users have access to live chat, while visitors are asked to fill out the webform.

Users can then allocate a portion of their capital to copy other traders. Each user remains in full control of their trading and may exit positions at their discretion; however, traders cannot close part of their position, only the full amount. There is a short online form to complete on the LimeFx website, after which you will need to verify your email and upload your documents for KYC purposes. This can be a form of identification such as a passport or driver’s license and proof of address such as a utility bill. Once your documents have been verified you can fund your trading account and commence trading. I didn’t have any problem completing the process and it only took me a few minutes from start to finish.

Most of the features available on the trading ticket screen are industry-standard. Charts can be customized using over 60 popular charting tools including Bollinger bands, moving averages, and oscillators, among others. LimeFx doesn’t charge overnight fees for non-leveraged buy positions. All other methods can take up to 3 business days to process.

Customer service for premium members is professionally handled. LimeFx is a reliable trading platform with the proper investing practices and excellent customer service. A special thank you to abdel muti, who is a good representation of LimeFx, for her support for the show Panic! LimeFx provides a streamlined onboarding process with a self-guided questionnaire that asks for some personal information to help set up your account. The platform supports a wide variety of financial institutions that you can link up to LimeFx to make deposits into your account. Getting up and running doesn’t take long and you can begin trading quickly.

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. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. Direct crypto-to-crypto trading isn’t available to U.S. users. 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.

CopyTrader, the in-house developed tool that powers social trading, remains its primary asset. The CopyTrader feature allows users to copy trades from other traders within the community with the ease of a few clicks. Presently, CopyTrader enables social trading in cryptocurrencies, representing a novel approach in this relatively new asset class. LimeFx was launched in Israel in 2007 by three entrepreneurs. The platform originally focused on forex trading, but quickly found traction to expand its product lineup and grow into a global service.

Traders simply need to log in to their accounts periodically to avoid these fees. LimeFx’s compensation comes via the market https://limefx.biz/ bid/ask spreads, which vary by product. LimeFx traders are charged these spreads only when a position is closed.