I write of what I do, I make my own choices, I asses risks to build my financial peace. As you guessed I’m a beginner in investing and I would not want to make stupid mistakes. The LimeFx to make a test is reasonable and there is a chance to learn a lot because they normally explain the moves. I can tell you what I did when I wanted to find the best trader on LimeFx. Some people cannot use LimeFx, others make lots of money every month. Bitcoins bought on LimeFx are for investing purposes.
All information on 55brokers.com is only published for general information purposes. We do not present any LimeFx advice or guarantees for the accuracy and reliability of the information. Based on our Expert research, limefx company reviews 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.
I am not going to change it for someone else, I will continue to work here. I am not going to change Elator for someone else, I will continue to work here on real deposit. I like the customer care and working for the future.
Shalom holds an MBA and a BSc in Electrical Engineering. While this line-up of regulators suggests the platform is safe for trading on, Investopedia reports that Cyprus Securities & Exchange Commission has had its history of licensing some shady projects. A successful trader won’t be someone who lucked out and picked a winner; it is much more likely that said trader puts a lot of time and effort into doing his due diligence to ensure overall success. 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. Customer Support in LimeFx is ranked good with an overall rating of 8.2 out of 10 based on our testing.
Some basic fundamental data on stocks is available on LimeFx’s platform. This includes the profile of the company and some very basic indicators and ratios such as P/E, EPS, dividend yield and beta. No fundamental data is available for asset classes other than stocks. The app is quite simple, as option trading is the only option. It offers an overview, news and statistics for every asset, also we can find a Feed, where we can use the social trading features.
CopyTrader system recently evolved even further after a CopyPortfolios element was introduced. CopyPortfolios is a system of group investing where several successful traders or several market instruments are bundled together into a single LimeFx instrument. The page is segmented into several sections which include editor picks, top investors, trending investors, most copied investors, investors with lower risk scores, and investors with a medium risk score. Alternatively, you can use the “Advanced Search” feature to set your trader filter the way it suits you and find an investor who perfectly suits your needs.
How long does it take to withdraw money from LimeFx?
LimeFx claims to be one of the fastest growing companies that deliver access to binary trade to the client at any level, yet we are still able to record some losses to this binary option company. You may need to report your scam to HICKSCONSULTANCY172 AT GMAIL DOT COM and let one of their investigators consult you on what to do about your lost funds. The management of this company private detectives will protect and professionally handle your case from financial and emotional damages caused by all sort of binary trading company and managers. LimeFx has a consumer rating of 1.97 stars from 93 reviews indicating that most customers are generally dissatisfied with their purchases. Consumers complaining about LimeFx most frequently mention customer service and bank account problems.LimeFx ranks 6th among Centralized Exchange sites. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.
It is unreliable and you end up losing money instead of making it due to their several hickups. And, why did the SAME Crypto make money on other trading platforms but CONSISTENTLY AND MYSTERIOUSLY LOSE MONEY on LimeFx. I’m glad I found really helpful reviews which pointed me to a certain recovery limefx reviews expert. LimeFx is regulated by CySEC in Cyprus, ASIC in Australia, and the FCA in the UK. LimeFx is not listed on any stock exchange, nor does it publish its financial data. Overall, BrokerChooser’s view is that while LimeFx is not a scam, it is not a fully transparent broker either.
Verification process on LimeFx
Therefore, when using LimeFx’s Cryptocurrencies Trading Service you are not eligible for any investor protection. LimeFx offers a user-friendly and well-designed web trading platform, where social trading is also available. On the other hand, the platform’s customizability is limited.
- When the investor added LimeFx.zone to their Coinbase web browser, they were shown a mining pool.
- Prices can have huge volatility, the biggest record Ive seen is 200 pips in 5 minutes on the GBP/USD, and you have to prepare for such movement before opening positions.
- For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.
- This makes it inceredibly cheap to use in comparison to traditional stock brokers.
- In addition, you can go back and adjust the Stop Loss at any time while the trade is open.
If you already have social media like Facebook and Google, you can use one of them to automatically enter your name on the register screen. Enter your e-mail, and your desired password (will need to have 6-20 letters, one capitalized letter, a number, or a symbol). Thanks to its leverage trading options, LimeFx has chipped off parts of the userbase from crypto margin exchanges like BitMex or Bitfinex.
Eventually, LimeFx trading platforms with social trading capabilities act as market makers and gain profits from the charges of spread. LimeFx is a well-known Israel multinational social trading platform and fintech company, focusing on copy trading and financial services. It has registered offices in the United Kingdom, Australia, the United States and Cyprus.
NewsLimeFx Introduces the ValueGurus Portfolio
However, methods may vary according to the regulatory obligations in one region or another. However, we recommend avoiding any kind of risk that could result in the loss of your capital. A mandatory verification process will follow this step. Based on our findings, to set a Stop Loss, just click on the relevant trade in your Portfolio to open the Edit Trade window. Click on Stop Loss and then Set SL. You can set your Stop Loss according to a specific rate in the market. Alternatively, click on Amount to set it as a monetary amount.
In most cases, the maximum loss you can make on LimeFx is the deposited money. LimeFx helps to protect his investors from having a negative balance. LimeFx offers less variety of products to trade https://limefx.biz/ on compared to other similar platforms but ETFs and stocks are free. Being a regulated, legit and authorized broker does not mean that there is no risk of investing and losing money.
The web trading platform has aclean design and great functions. The menus and buttons are where you expect them to be. LimeFx charges no deposit fees, but they have currency conversion fees that might be high; for example, as much as 1.4% for depositing EUR by card. Note that a 50 pip charge is not the same percentage in AUD to USD conversion as in EUR to USD conversion, so in the table below we added an estimation of the percentage charge as well. For some countries, LimeFx may require the first deposit to be made with credit/debit card or bank transfer and only subsequent deposits can be made with electronic wallets. Note however that the minimum amount for a bank transfer is $500.
Negative balance protection
Most new users just don’t know that invested money are not available for withdrawal and that the minimum amount to be withdraw is 30 USD. I believe that LimeFx is potentially “less risi” compared to other trading platforms because they offer copytrading. LimeFx provides all registered users with a Virtual account that perfectly imitates the real account with an initial amount of $100,000 to trial the platform without risking users’ own funds. Following the processing, a withdrawal will take an additional 3-8 business days until the funds arrive to the used method of payment. Other methods might take several business days to arrive depending on the payment provider chosen.
This is a £/$/€ 1,000,000 insurance for cash, securities and CFDs. It is provided by Lloyd’s and applies in the event of LimeFx’s insolvency. This is a great addition as not all brokers provide another layer of protection above the regulatory one. Of course, it could be withdrawn by LimeFx at any time.
For example, it is not possible to initiate a stock transfer between LimeFx and another brokerage . This means that all positions that are opened with LimeFx must be closed with LimeFx. So, does that mean that LimeFx acts like a traditional stockbroker just with zero commission when you buy stocks?
In addition, you should allow your payment provider to process funds into your account, which also takes a few days and depends on international laws or requirements. Eventually, it may be quite risky at the point you set leverage wrongly or too high depending on the strategy you deploy, so you may lose money when trading CFDs with this provider. For the Cons, the platform is rather basic, spreads for some instruments are high and there is no 24/7 customer support. Honestly Stay away this company is ruthless and bullying. I opened an account with LimeFx 5 years ago and had some crypto currencies around 9k dollars.
Some LimeFx complaints also mention the level of assistance received by the platform. ETF Investing for Beginners is possible with LimeFx since the platform is easy to use. 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 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.