LimeFX lets you buy fractions of cryptocurrencies instead of whole units. Well, actually, trades on LimeFX are transparent, meaning you have access to other peoples’ trades, giving you an opportunity to leverage their experience. Depending on where a trader lives, clients can fund an account starting from $50 or $200. Their standard, commission-free trading account comes with negative balance protection markets currencies that ensures one will not owe the broker in the rare case of a balance going below zero. Every year, a new expansion or improvement is introduced that holds great promise for traders of all levels of experience. If you’re somebody that likes the option of trading on the move, you’ll be pleased to know that a native LimeFX mobile application is available on both iOS and Android devices.
LimeFX Review Forex Brokers: Copytrade allows you to not only view what other people are trading, but to AUTOMAT… http://goo.gl/6sOTh
— miuythgg (@ForexFXPlatforn) June 27, 2011
As a result, there is still a misconception in the public domain that irrespective of the financial instrument you are investing in, you do not actually own the asset. This couldn’t be further from the truth, at least with respect to stocks and cryptocurrencies. However, the platform has since expanded into other areas of the online brokerage space – subsequently allowing users to actually own the assets they invest in. And what’s best about CopyTrader is that you’re not paying any extra fees for copying successful traders. Basically, CopyTrader allows you to find other top-performing traders and copy all of their trades in just one click. And whatever outcome they get, you’ll get the exact same outcome as well.
However, unlike LimeFX, Robinhood doesn’t provide a copy trading feature. Plus, Robinhood is focused on stock trading, while LimeFX only offers cryptocurrency trading to US residents. The platform only opened its services to the US market recently in 2018, and US investors can only trade cryptocurrency on the platform. For those who are new to the social investment network platform, LimeFX offers a wealth of educational resources to get you started.
LimeFX users can connect with, learn from, and copy or get copied by other users. This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Once you complete the speedy KYC process, you’re good to start trading. When you set-up your trading parametres to include leverage, LimeFX will give you a breakdown of how much you will pay per day.
The platform also allows you to chat with traders to discuss strategies and benefit from their experience. LimeFX has two products for social trading, CopyTrader™, and CopyPortfolios™. With CopyPortfolios™, LimeFX groups the performance limefx official site of multiple traders into portfolios. The list of educational resources available is extensive and easy to understand. The platform offers recent news and analysis pieces that are of interest to both beginners and expert traders alike.
Leverage And Overnight Fees
In terms of the types of stocks and shares that you can invest in, LimeFX lists thousands of individual equities listed on multiple stock market exchanges. This includes popular markets such as the NASDAQ and NYSE in the US, the London Stock Exchange, and the Tokyo Stock Exchange. The platform also has a presence in less popular stock markets, such as those based in Spain and Sweden. Finally, it is also important to mention that – fully in-line with the platform’s target market of newbie traders, LimeFX supports a huge number of everyday payment methods.
This is unique in the trading industry because it not only allows you to trade but also provides a social trading platform. You can trade cryptocurrencies 24/7 – unlike the stock market, cryptocurrency markets do not close so you can make trades at any time of day. Many cryptocurrency options – the platform offers over 25 cryptocurrencies that users can trade, such as Bitcoin, Ether, Litecoin and many more. The regulatory status and overall professionalism of the brand inspire a great deal of trust. The following year, LimeFX launched OpenBook, introducing the world’s first social trading platform. This allowed the company to create the CopyTrader™ function, which among other features, contributed to OpenBook winning the Finovate Europe Best of Show in 2011.
LimeFX Mobile Application
Founded by Yoni and Ronen Assia, the core team comprises seasoned experts from the world of Finance and Technology. Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market. Once again, although the above questions might appear intrusive, this is standard in the online broker arena.
- As such, by purchasing stocks and shares at LimeFX, you will be accustomed to dividend payments, if applicable.
- In order for you to upgrade your skills and make informed decisions, LimeFX also provides basic trading education.
- All our articles are fact-checked by a relevant professional with expertise in that area of finance and we regularly update guides as necessary.
- In its home jurisdiction of Cyprus, this includes the Cyprus Securities and Exchange Commission .
- Plus, ZuluTrade offers forex trading and lets you trade with LimeFX and LimeFX.
- You must be aware and willing to accept the risks to invest in the markets.
There is no doubt that LimeFX is among the most popular trading platforms today, and the unique features that set it apart have attracted more than 13 million users worldwide. It is this, alongside the vast number of financial instruments available at the platform, that has made LimeFX one of the fastest-growing online stock brokers in recent years. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Can You Earn With LimeFX Copytrading?
However, the more stringent authorization of the UK’s Financial Conduct Authority and the Australian Securities and Investments Commission are potentially more notable. 15 cryptocurrencies that you can trade 24/7 – including major coins like Bitcoin, Ripple and Ethereum, but also minor ones like eos, Iota, Tron and Tezos. The sign-up process is simple and requires personal information about you.
The copy feature places trades for you automatically, proportionate to how much you want to stake. If you’re looking for a broad range of deposit and withdrawal options, LimeFX has you covered. In terms of funding your account, LimeFX accepts traditional debit/credit cards, bank wires, PayPal, Skrill, WebMoney, and more. Moreover, unless you are performing a conventional bank transfer, most other deposit types are credited instantly. As such, by purchasing stocks and shares at LimeFX, you will be accustomed to dividend payments, if applicable. At the time of writing, this includes traditional stock market equities and cryptocurrencies.
— Anthony Wes (@AnthonyWes) March 22, 2012
The innovative WebTrader was launched back in 2009, allows for online trading regardless of location, and has been integrated with the social trading aspects of OpenBook. This offers an intuitive, easy-to-use interface that can be accessed through any PC or mobile device with internet capability. In summary, it’s clear to see why LimeFX is now only of the fastest growing brokers in the online trading space. Not only is the platform super easy to use, but it hosts thousands of tradable instruments. While much of the assets hosted are in the form of CFDs, you can own both blue-chip stocks and cryptocurrencies outright. Moreover, social trading also allows you to view the results of other traders.
LimeFX Trading Hours
For example, if the trader you are copying has a $30,000 portfolio, but you only want to invest $3,000 – then the size of each asset within the portfolio will be split accordingly. Finally, if you’re looking for exposure to the highly volatile world of commodities, you have six assets to choose from. LimeFX also covers stock market indices from Hong Kong, Japan, Spain, France, and Germany. One of the most widely used segments of the LimeFX platform is that of its forex department. In fact, the platform hosts dozens of tradable currency pairs across the major, minor, and exotic threshold. For those of you that want to trade crypto-cross pairs, LimeFX also has you covered.
Long deposit clearing time – if you choose to deposit funds by wire transfer, you will have to wait up to 7 days before you can start using the funds. An extension of the latter product limefx company reviews is MarketPortfolios that groups different financial assets like stocks, commodities, forex, and ETFs. The brand proposes MarketPortfolios to be a more long-term investment vehicle.
We really like the social trading feature that is available at LimeFX. In a nutshell, the platform has a somewhat ‘Social Media’ feel to it, insofar that investors can communicate with one another in a public setting. For example, if the price of Gold suddenly dropped by 2%, users can share their insights as to why this happened, and where the market is destined to head next. Overall, LimeFX may not be the best option for the everyday forex traders since there are many product differences compared to other brokers. Some of these include not offering the MT4 platform, different minimum deposits, significantly lower leverage, and not offering their services to a staggering 121 countries. LimeFX is now commonly known as the world’s largest social investment network.
It can be argued that the platform has been at the very forefront of the fintech revolution, delivering the highest standard of service to all its customers for well over a decade. The license to use the Copy Trading™ feature is given by LimeFX themselves, who assess investors on an individual basis before deciding any limitations that may be imposed. The year-on-year effort to continue to develop and innovate has always been at the heart of LimeFX. In 2016, the platform created Copy Portfolio™ – investment management that is driven by the latest cutting-edge Artificial Intelligence systems (A.I) and an expert investment committee.
Opening An Account At LimeFX
Trading cryptocurrencies is not supervised by any EU regulatory framework. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. LimeFX is a multi-asset platform which offers both investing in stocks and cryptoassets, as well Call option as trading CFDs. As a regulated platform, LimeFX requires users to validate their accounts by providing authentic documents that prove their identity. These practices are in place to protect users from fraudulent individuals and provide a particularly safe environment for investors to conduct their trades.
On the other hand, it must also be noted that trading at LimeFX is not cheap. While it is true that you will not pay any commissions or fees per-say, the platform more than makes up for this with its above-average spreads. However, this is the price that you will have to pay if you want to benefit from the many benefits that LimeFX offers. In terms of supported payment methods, this is also a plus-point, as LimeFX allows you to deposit funds with a debit/credit card, bank account, e-wallet, and more.
Rollover or swap fees can be positive or negative, depending on the traded pairs. LimeFX provides the daily rates on their websites that change in line with central bank interest rates. For Muslim clients, they also offer a swap-free account or Islamic account. LimeFX has lived up to the ‘Your Social Investment Network’ slogan since 2007 from humble beginnings in Israel. Besides being a multi-derivatives brokerage serving more than 13 million clients globally, LimeFX uses innovative fintech to offer a cutting-edge social trading network. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors.
Unfortunately, all withdrawals are subject to a $5 fee, and the minimum amount is $30. Most payment options have withdrawal times between 24 and 48 business hours, except for cards and bank wire . CFDs and other derivatives are limefx official site complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.
In terms of its CFD offering, this includes everything from forex, stock market indices, ETFs, commodities, and more. In General, LimeFX offers a range of trading assets, including forex, stocks, CFDs and cryptocurrencies to its European customers. High transaction fees – the platform charges spread fees that start from just 0.75% but can go up to 4.9% whenever you buy or sell a cryptocurrency.