The introduction of stock and ETF trading combined with LimeFX Money cash management and Smart Portfolios further expands the range of users that can utilize the platform’s services. Innovative approaches to ESG screens and filters also attract investors who prioritize these aspects. 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. There is a $75 account transfer fee for partial and full transfers.
A typical broker might have an extensively developed trading platform with tons of tools and charts to analyze the pricing action and help predict where the security might trade. Or you might have order entry right off the platform that gets your trade into the market immediately. But that’s not the case with LimeFX, where it’s all stripped down and perhaps a bit too gamified. The broker gives you access to 63 different cryptocurrencies, including some of the most popular, such as Bitcoin, Ethereum, Dogecoin, Solana and dozens more. The trading layout is easy to use and navigate around on the website interface, and you’ll see all trading options presented cleanly. InvestorJunkie is compensated if you access certain of the products or services offered by LimeFX USA LLC and/or LimeFX USA Securities Inc.
Traders may also find the recently introduced LimeFX Club benefits useful. You’ll receive special perks such as a dedicated account manager, a quarterly analyst newsletter, streaming webinars, a portfolio tracking app, priority customer service and more to come. Tom Blake is a staff writer at Investor Junkie who specializes in cryptocurrency, investing, and passive income. His work has appeared on numerous publications like The College Investor, Money Crashers, Greedy Rates, and his own blog This Online World. In his spare time, Tom enjoys spending time outdoors and traveling as a digital nomad. Finally, we like Ally if you want to take advantage of its banking features like its high-yield savings account.
We recommend staying within the range of good taste and respectful language to avoid any unpleasantness. These bundle together a select combination of CFD stocks, commodities, or ETFs, according to a predefined theme. I am not saying that clients should be blamed for losing money or that all complaints are “Fake News” but everything should be taken with a pinch of salt. Needs to review the security of your connection before proceeding.
Like other brokers — such as Robinhood — that advertise “commission-free trading,” LimeFX actually makes money on the spread between bid and ask prices. That is, it adds an extra layer of cost, so the bid-ask prices you see on your LimeFX screen may differ from prices that you see in the actual market itself. This is a fairly common way to price currency trades and now many crypto brokers are using it as well.
If you only trade the most popular stocks, like Microsoft or Apple, you probably won’t notice the lack of smaller stocks. LimeFX will, from time to time, make new stocks available limefx forex brokers reviews for trading, usually in a batch. Investing in themes means, for example, investing in a portfolio of Future Payment systems, DroneTech, Renewable energy or cryptocurrencies.
- This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed.
- The CopyTrade dynamic paired with the Popular Investor Program gives the platform an engaging, collaborative feel.
- Please note that equity and index CFDs do not trade continuously but open and close each day at the above specified times.
- But the amount required will be much higher if you want to invest in other types of CFDs such as indices, currencies or commodities.
- Other assets include 31 commodity CFDs, 13 index CFDs, 2,000+ equity CFDs, and 258 ETFs.
- This allows users to transfer crypto from the LimeFX platform, send and receive crypto from or to other wallets and convert from one cryptocurrency to another.
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. Customers service always tell blatant lies in an attempt to avoid any responsibility. For example claiming that they had no issues with their platform on days where hundred of customers are angry in the comment section.
Customer service options
Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision. Find out how to buy OTC stocks and compare brokers who offer access to OTC Markets.
LimeFX is much more than an online broker to trade ETFs and stocks. Moreover, if you want to copy the LimeFXs of other users, LimeFX has your back with that as well. The LimeFX trading platform allows users to access for free a wide variety of tools and indicators someone might need to analyze assets before entering a trade.
Has a good range of financial instruments compared to other similar brokers. This makes LimeFX a great choice for anyone interested in the world of cryptocurrency. Not all cryptocurrencies are available — A limited number of cryptocurrencies are available. The two primary methods of getting help are to post on the company’s support forum or to open a live chat. Live chat is best for more urgent matters, as LimeFX currently states that it may take up to fourteen days to respond to posts on the support forum. The company is fully licensed in Europe and the United States to operate in the financial industry.
LimeFX stands out for its easy-to-use copy trading platform which allows you to copy the trades of proven professionals. LimeFX is a good place for those who are looking to jump into buying cryptocurrency and are seeking a community and resources to get exposure. With stocks and ETFs available at $0 commissions, LimeFX can be a good choice for those who prioritize a simple platform.
Deposit & Withdrawal Methods
Choose which ones you want to copy depending on your appetite for risk and desired results. LimeFX has a Help Center page where you can find the answers to the most frequently asked questions. Moreover, if your issue requires immediate attention, they have a Live Chat page where you can initiate a chat session once you’re logged into your LimeFX account. This video will explain how to quickly fund your LimeFX account. Once you have created your LimeFX account, it’s time to verify it.
- You can deposit money with debit or credit cards or an electronic wallet such as PayPal or Skrill.
- Leverage is restricted, but coverage by the investors compensation fund and negative balance protection is available.
- TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.
- But for a robust, socially-focused trading experience, try out LimeFX.
- The content discussed is intended for educational purposes only and should not be considered LimeFX advice.
- NerdWallet, Inc. is an independent publisher and comparison service, not an LimeFX advisor.
But sometime in DECEMBER I fell for a binary options scam which promised a higher return and I lost close to $75,000. I read an article on as regards to a recovery expert and genius so I reached out to SCAM RECOVERY SITE, and to my surprise I got all bitcoins recovered within 24hours frame. Despite the fact that using this broker has many advantages, it is still debatable whether the advantages compensate for the disadvantages. Some people use crypto to buy and sell things online, while others prefer trading or investing in cryptocurrencies.
Mobile trading platform
I’ve been using LimeFX for nearly 2 years now and I can’t express enough my satisfaction with this platform. It is very easy to use and it offers a wide range of assets to invest in for a more diversified portfolio. Andras has over 5 years of experience in investing and trading equities, options and bonds. He believes that active trading and a more passive investing approach both have merits and everyone can find a strategy that fits their needs. He’s eager to help identify the characteristics of specific brokers, so the best match can be found for each client.
Investor Junkie has advertising relationships with some of the offers listed on this website. Investor Junkie does attempt to take a reasonable and good faith approach to maintaining objectivity towards providing referrals that are in the best interest of readers. Investor Junkie strives to keep its information accurate and up to date. The information on Investor Junkie could be different from what you find when visiting a third-party website. I deposited some money in LimeFX, I am new in this world of trading. I was reading many tutorials to be somehow prepared to begin.
There are no commissions and the operation is quickly executed. Hidden commissions when withdrawing up to 10% over 5% of the declared ones. The broker does not participate in deposit insurance systems . Quick withdrawal of money, a lot of assets, the ability to buy shares in fractional parts for $50.
LimeFX announced on August 17, 2022 its plans to acquire options trading platform Gatsby. Once that’s completed, LimeFX users will have access to options trading. Been trading with LimeFX for the past 3 weeks, really good broker. I have my doubts about the copy trading when it comes to cryptos though, my advice is to use copy trading with real stocks only. 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.
LimeFX has some aspects that are a little difficult to understand for beginners. For example, by offering leverage can lead to extra https://limefx.club/ fees if the position isn’t closed before the market closes. One place I would recommend that you avoid is the social side of LimeFX.
This allows users to transfer crypto from the LimeFX platform, send and receive crypto from or to other wallets and convert from one cryptocurrency to another. While basic cash management is also offered in a handful of countries, including the U.K., it’s not yet available in the U.S. We analyze top online trading platforms and rate them one to five stars based on factors that are most important to you.