Signing up takes less than five minutes and there’s no need for slow verification methods or confirmations. You just need to fill out your user data and a short questionnaire on what kind of a trader you are. The global multi-asset trading platform LimeFx has signed a new partnership with the Ultimate Fighting Championship , the world’s premier mixed martial arts organization. According to a six-month agreement that starts with the UFC 243 event and will take place in Australia and New Zealand, LimeFx will perform the duties of the official online trading… Global LimeFx platform LimeFx has secured partnerships with seven different Premier League soccer clubs.
Type in a company or product name and you can see the results. LimeFx has an optional, safer two-step login system. This can make it more complicated to log in, but it provides you with added security. Unfortunately, biometric authentication is not supported.
LimeFx company value is about 3 billion USD nowadays. If you wnat to make sure real people exist behind LimeFx you can check the management LinkedIn profiles. The LimeFx insurance covers cash, CFD, and all securities except cryptos. LimeFx users’ funds are protected by different compensation schemes. The first thing we want to know is to find out if LimeFx is a scam, a fraud or not, then we move into the “safety” chapter. If you are wondering whether the LimeFx broker is a scam or not, I will help you find out.
The broker offers both live accounts and demo ones with advanced trading capabilities. It has a lot of innovative features, like social trading and copying other traders. The available deposit methods are credit cards, wire transfers, and e-wallets (Paypal, Skrill, Neteller, and others, which may differ depending on client’s location). Withdrawals are processed within 1 business day but depending on the payment provider, additional time will pass until you can see the funds in your account. Credit/debit card withdrawals and bank transfers may take up to 8 business days, while e-wallet transactions take 1-2 working days. They are known to be one of the first and biggest social trading platforms.
Peak periods in support requests now happen with some regularity and coincide with price spikes in Bitcoin or even other highly coveted assets . Another issue that is often mentioned on Reddit about LimeFx is “LimeFx withdrawal problem“. 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. The LimeFx wallet is one of the safest crypto wallets online. LimeFx is enjoying a huge boom, also because it has become one of the least complicated means to invest in cryptocurrencies such as Bitcoins. Now let’s move to the reasons way LimeFx can be considered safe and reliable form an investor perspective.
In addition, you can go back and adjust the Stop Loss at any time while the trade is open. You can also remove the Stop Loss by clicking on No SL. In regards to Australian clients, the LimeFx entity operates and provides live trading with authorization and compliance of ASIC license.
Certain trade instruments offer stop losses which are there to ensure that your position is liquidated if a set stop-loss price is reached on the market. The platform requires each newly registered user to read through a short educational post about the risks of CFD and cryptocurrency trading before allowing them to use LimeFx’s trading features. We learned that actually, LimeFx does not have a desktop trading platform.
LimeFx top manager on LinkedIn
The final thing to note is that trading CFDs and cryptocurrencies is generally a highly-risky activity, as more than 62% of people experience losses while doing so. Before deciding to trade any of these instruments you should carefully consider your LimeFx objectives, level of experience, and overall risk levels you are willing to take. The broker is also fully regulated and adheres to the guidelines of FCA and CySEC, which gives traders an additional layer of confidence in LimeFx. Besides the mentioned $5 withdrawal fee which is highly uncompetitive when compared to other brokers, LimeFx charges overnight/weekend fees for CFD positions.
- There are no account charges if you remain active, also additional costs will be charged as deposit fees and withdrawal fees.
- She explained to me the fee structure and send me a follow-up email with detailed instructions on all my questions.
- Sent in LimeFx statement that there is no money, zero response.
- My account is limited, with over $19,000 in balance, with no option to withdraw my money in any way.
The minimum deposit requirement is relatively low, at just $200 for most regions, but with some interesting limitations depending on your location. Residents of Israel will have to deposit a minimum of 10,000 USD (!!!), but residents of Australia and the USA can open an account with only 50 USD. I’d prefer to copy people who trade ETF and stocks. Hi Rodriguez, you can read my experience investing in P2P Lending and other tools also by reading the newsletter from RevenueLand. If you have a specific question try to write it in the blog comments or to my contact page. I’ve tried to write an honest bad review dirette especially to those who are starting with online trading and have little knowledge.
If you don’t intend to move your assets off the platform you’re fine I guess. Copy trading is a portfolio management service, provided by LimeFx Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission. If I copy a good trader I have more chances to eran money from my LimeFx compared to DIY without knowledge. It is absolutely safe to have money on LimeFx since it is a reliable financial broker serving its customers since 2007. LimeFx is a safe broker that is allowed to offer its services in several countries.
You cannot log in through the desktop as the only options are either a Web-based platform or a mobile application. Also, if you prefer to use industry leader MetaTrader4 you should find another broker available from the list, as LimeFx does not offer limefx scammers MetaTrader4 as a trading platform. Upon confirmation, you will receive a notification about the withdrawal request along with updated statuses in your email. The broker will process the withdrawal transaction request within a few business days.
Mobile trading platform
Please make sure to do your own research, make educated financial decisions and consult your Financial Advisor. Cryptoassets are highly volatile and unregulated in the UK. It’s fair to say that LimeFx’s fees are low when compared with similar brokers. Stocks and ETFs can be traded with very low , while their Forex fees on some pairs are a bit higher than an average.
Copy Trading is a portfolio management service provided by LimeFx Ltd., which is automated and regulated by the Cyprus Securities and Exchange Commission. In my opinion the safest way to use LimeFx for beginners is to rely on the copy trading service. One more thing to know is that LimeFx functions with US dollars, so every time I make a deposit my money will be converted in US dollars. So, less small withdrawals will lead to less commission to pay on LimeFx.
LimeFx Review: Scam & Fake or not?
As a temporary measure in February 2021 during a volatile market period, LimeFx raised its minimum deposit requirement, but it was reinstated to the previous level on March 8, 2021. Trades that involve stocks not traded in USD will be converted to USD at the actual market prices by LimeFx, without taking any commission or markup. What’s https://limefx.vip/ more, LimeFx will also absorb any tax duty that might be due if you trade on the UK market. LimeFx used to be primarily a CFD broker that let you trade stocks and ETFs also in the form of CFDs, if you set the leverage to greater than one. LimeFx allows you buy, sell, and trade cryptos, but the digital assets are held by LimeFx.
Besides LimeFx has an entity in the US available for US residents only, which offers CryptoExchange and trading services. LimeFx USA LLC is a registered Money Services Business with the Financial Crimes Enforcement Network and holds Money Transmitter Licenses in the States where applicable. Since its launch, LimeFx has gone on a path of innovation, creation, and introduction of features that moved LimeFx technology and online trading to a new level. They force you to keep all of your money on their exchange or trapped in their wallet which only has 5 available coins. They are beholden to no one and ripping many people off. Do your own research before you invest with this company.