LimeFx review: Is it a legit or scam social trading broker?
By: Flaka Ismaili November 26, 2019
For other methods, like credit cards, a higher fee applies for some currencies. First, let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.
LimeFx as one of the largest and some of the most popular social trading brokers that deliver thousands of opportunities to invest, trade, copy or be copied expand its capabilities even further. Recently, social platform LimeFx announced its acquisition of Delta App that allows to monitor and track thousands of Crypto markets through its dynamic… For US traders, LimeFx only offers real cryptocurrency trading, as it does not have licenses from CFTC and NFA, the two derivatives trading regulators in the USA. We learned that an additional level and amounts of protection are also provided to LimeFx clients through LimeFx protection coverage. Which is a regulatory rule that assures the traders’ accounts by the compensation scheme in case things go wrong with the company.
I don’t have any problems with trading or execution. There are enough reviews on the Internet, avoid the scammers. I agree, the analysts and portfolio selection specialists for Etor funds are very competent guys. I regularly receive newsletters in my mailbox, as I have an account at LimeFx. Guys, keep in mind, the comment was bought by a competitor. And this person would know that if he actually worked there.
Portfolio and fee reports
Citizens of the United Kingdom can open an account at LimeFx Limited and thus they will be protected by the FCA. If LimeFx becomes insolvent, LimeFx UK clients can expect to be compensated by the maximum amount of £85,000 guaranteed by the Financial Services Compensation Scheme . ZECTRXSTORJTRXUNIUNIXLMXLMXTZXRPYFIXTZZECYFIZECTo dig deeper, readLimeFx’s CFD description.
- Of 2021 with no prior warning and for no good reason.
- Leverage, known as a loan given by the broker to the trader is another important point in our LimeFx Review, as leverage enables trading with a larger size than the initial invested capital.
- LimeFx has a long history of operation and is a heavily regulated Broker with an excellent reputation.
- The LimeFx to make a test is reasonable and there is a chance to learn a lot because they normally explain the moves.
- It is not an offer to buy or sell any security, product, service or LimeFx.
They also offer the possibility of funding your account via Wire Transfer, with a minimum deposit of $500. Straight away you are allowed to deposit up to $2,250 on your unverified account. While retail clients’ leverage is restricted, they do receive certain protections such as coverage by the Investor Compensation Fund and recourse to the Financial Ombudsman Service.
These deals are especially unique because they were paid using the world’s leading cryptocurrency, bitcoin. The deal could be worth somewhere between £4 and £5 million. The seven Premier League clubs who have agreed to set up a digital wallet with… Eventually, our LimeFx Review found that the broker holds awards such as Best Broker for Cryptos, Best Broker for Social Trading and many more “best” titles are in its list. At this point, based on my dealings with them, i would say LimeFx is a dark company, you cannot easily get hold of them should you suffer any transaction distress in your dealings with them.
It is one of the biggest platforms out there that managed to popularize the concept of combining social networking and classical financial trading. My account is limited, with over $19,000 in balance, with no option to withdraw my money in any way. LimeFx, the global multi-asset LimeFx platform, has announced its latest sponsorship deal, signing on as a partner with Moto2 team, American Racing KTM.
The platform doesn’t allow third parties to make payments in your name. However, if you wish to use a method of payment belonging to your spouse or another first-degree family member, the platform can set up a joint account for you. https://limefx.vip/ All accounts require you to perform full verification before being given access to LimeFx’s functionality. Enter your phone number and accept the terms and conditions of the platform and then click on the “Create Account” button.
NewsLimeFx Issues Update In Response To IRS Regarding PTPs for Non-US Traders
“LimeFx is a scam avoid it at all cost”or” I’m new to shares and online trading, I stupidly joined a website called LimeFx and bought $50 worth of Google shares”or“What do you guys think about LimeFx? A certain level of safety also depends by the wise use of the tool. To be clear, LimeFx has 20 million users and it is a very old and popular broker. In this video on LimeFx is also explained how to search the traders to copy based on past performance in the long term.
An important aspect of safe LimeFx websites is that they MUST be regulated. LimeFx is tecnically safe, because it exist since very long time and it is receiving a huge share of real internet traffic from real users. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Trading disruptions are situations limefx website in which markets cease to function regularly, usually defined by fast and extensive movements in the market. There is no one specific reason for this – they can derive from unusual trading or physical threats to the stock market. It is of the utmost importance to include the unique Transaction ID to allow LimeFx to efficiently recognize the transfer and credit your investing account.
Based on our Expert findings, LimeFx is considered a good broker with safe and very favorable trading conditions. The broker offers a range of trading services designed for both beginner traders and professionals with low initial deposit amounts. As one of the good advantages, LimeFx covers almost the globe, so traders from various countries can sign in, also with the lowest spreads. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money.
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If you are a long-term stock investor, a traditional stockbroker might make more sense to you as some of the drawbacks of LimeFx might outweigh the benefits of free trading. CopyTrader is the so-called social trading feature. One by one you can copy the portfolio of traders who also trade on LimeFx.
These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. We also compared LimeFx’s fees with those of two similar brokers we selected, Trading 212 and XTB. This selection is based on objective factors such as products offered, client profile, fee structure, etc. Please be noted that all information provided by ThatSucks.com are based on our experience and do not mean to offend or accuse any broker with illegal matters. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality.
It’s the third week they can’t verify the account)) and how to invest more money after that, and you’ll never get them out. You should try to trade small amounts of money ( dollars) and then you can make big profits. I noticed a big spread at night during the working week. And I could have written even more if I had traded more extensively than I have so far. Shalom Berkowitz, CFO – Shalom brings 25 years of executive management experience, having worked as the CEO of DSNR Media Group, a performance based media agency in Europe. He also worked as the CFO of Golden Pages, where he implemented the migration from print to digital and led the company’s sale to Babcock & Brown.
Furthermore, LimeFx will respond to a negative review you post but not doing anything about it. Is LimeFx legit features all the key aspects you need to look at to see if a broker is safe and legit. LimeFx Ltd – UK – is regulated by the UK financial authority, the FCA . In addition, there is financial information publicly available on the company.
All you need to know about the LimeFx customer service. At the time of writing this review, LimeFx was a privately held company and as such not required to publish its ownership structure. What we know is that LimeFx does not have any banking parent company . The well-known founder and CEO of LimeFx is Yoni Assia.