It is always important to see and know what you should pay and compare other industry offerings. Even though limefx costs are quite high, they are still bearable with our point of view and considering other great points we saw in limefx Review. Once your account is activated and proved, follow with the money deposit.

limefx has to be the worsed company there is. they basically stole 100 dollars i have and will not deposit and close the account. It has been common knowledge within the limefx community that their platform is totally unstable. For instance, very often we can’t limefx close nor open trades during the market opening session, which they claim is a limitation of the liquidity provider. You may need to keep evidence of your deposits, because the money often fail to be reflected in your balance immediately, for days.

Step 3: Make a Deposit

You rarely find that with financial service providers today. I am therefore really satisfied and happy to be a customer of limefx. limefx is a multi-asset broker that offers a decent selection of US-listed stocks, currency pairs, cryptocurrencies, and other assets. Charting tools include more than 70 technical indicators. It is a great broker for less experienced traders who require a bit more handholding. However, for active or high-volume traders, it is not the best, due to their high spread and small maximum trade size.

  • To trade using a CFD, you will open a CFD with the broker — in this case, limefx.
  • Financial regulators saying it can’t conduct any regulated activity, issuing a warning about the company.
  • They allow you to browse through a large number of available securities on their mobile devices.
  • Your first-time deposit amount at limefx is dependent on your residency and ranges from $10 to $10,000, see the table below.
  • A differentiating factor of limefx is that you can trade real cryptocurrencies such as Bitcoin, Ethereum, Ripple or Dash.
  • They support a wide variety of Exchange-Traded Securities and offer $0 commission on US Stocks and fractional shares.

The team at only recommends products and services that we would use ourselves and that we believe will provide value to our readers. How areregular people making returns of as much as 70% in a year with no risk? By properly setting up a FREE Pionex grid bot – click the button to learn more. Avi Sela, COO – Sela has been with limefx since its inception in 2007. He holds an MBA and LL.B degrees from leading universities. limefx is given its brokerage licenses by several regulatory agencies which allow it to operate in Europe, USA, and Australia.

Types of accounts

Nor PublicFinanceInternational or any of our affiliates makes any recommendation or implies any action based on the information we proved to you. We don’t make any solicitation or recommendation to take any action or trade or invest in any financial instrument, asset, or commodity. The limefx Mobile wallet app is a secure digital wallet with over 120 supported cryptocurrencies. The multi-crypto wallet offers secure buying, receiving, and storing of crypto.

Does limefx have a monthly fee?

limefx inactivity fee. limefx does apply an inactivity fee and it is $10 per month after one year inactivity. Inactivity means that you don't log in to your account.. This means that you need to be strategic about your trading activity to avoid getting charged after a longer time of no trade.

User friendly site and app, easy to navigate, never experienced a technical issue. Your feedback is greatly appreciated and we are thrilled to hear that you are finding limefx easy to navigate. There are over 150 supported cryptocurrencies on Coinbase, and there are just over 40 cryptocurrencies supported on limefx. On limefxX, the majority of user funds are held in cold storage to reduce the chance of lost funds due to a hack or operational error. The exchange deploys a cold storage Custody as a Service solution in partnership with leading cybersecurity firm GK8. limefxX charges a 5 bps transaction fee for price takers and price makers.

I tried different online brokers and…

This offer, available for traders who maintain balances from a min $5k. Completely automated trading frameworks are not allowed, which implies the trader who copy the trade from another trader, can be certain that they are setting each trading manually. This is important to know that other social trading platforms generally limefx courses scam grant both discretionary trades and automated methodologies, while limefx’s system comprises exclusively of manual trading. limefx is a leading fintech startup, popularly known as an Israeli social trading broker. Established in 2007, limefx is a multi-asset platform that offers CFDs, stocks, and crypto-assets.

  • Recently limefx removed or reduced many of the most unpopular fees brokers use to apply.
  • limefx withdrawal charges and currency conversion charges are very costly.
  • Please note that if you have no balance, a negative balance may be generated in your account.
  • For example, the number of tradable stocks on the Nasdaq with limefx is currently less than 700, which is only around 20% of the listed companies on the Nasdaq exchange.
  • MiFID is a European Union law, which provides a harmonized regulatory regime for investment services across the European Economic Area.

There is a $5 withdrawal feeand limefxonly allows USD accounts, which means that conversion costs on deposits and withdrawals can be high if your funding currency is not USD. It’s difficult to contact customer support and their educational materials could be better. limefx customer service, in theory, is available in all 21 languages the web and mobile trading platforms offer. Additionally, limefx also applies a risk score to each trader. Imagine Facebook profiles, but with fewer inspirational and more market quotes. Opening an account only takes a few minutes on your phone.

limefx Trade Sizes and Limits

While limefx is an established and reliable company that millions of users trust, we take a look at the safety of the platforms. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Does limefx pay dividends?

Yes, we do. Your account may be either credited or debited if you are trading a stock, ETF or index that pays a dividend. If you hold a BUY position, you will receive the dividend payment to your available balance.

The platform offers a fair arrangement that allows you to pay fees based on the value of the asset you want to invest in. However, you will need to pay fees for other features on the platform, such as withdrawing your earnings or making deposits. Accounts like Revolut or TransferWise allow you to exchange money into US dollars at lower costs. They are ideal to combine with limefx and other brokers that will charge you commissions for exchange rates, not all trading platforms allow deposits from these accounts, but limefx does . Yes, we can make money with this trading platform, where it helps the traders to copy the trading strategies of other traders who are successful by using this platform.

Step 3: Read & Accept Terms

Thirdly, we have seen the platform’s commitment to adhering to financial laws and regulations. They prevent any form of money laundering on the platform by ensuring all users complete the KYC process. This includes providing recent photos, a passport biodata page, proof of address, and contact information. All users who download and install the limefx mobile app are encouraged to set up their notifications to avoid missing any of the amazing deals that pop up on the market frequently. The limefx platform also allows you to specify the price you want to sell your stock or asset.

limefx scam

You can only use their support staff when you have up to $1,000 in your limefx account. As always, the platform’s developers expect to earn profit. So, you need to pay specific fees to access their services. We have studied their costs and written about them below. From our observations, the prospecting tools on the site are primarily accurate, which means you can invest based on predicted increases or dips in stock prices.

Top 3 Forex Brokers

You should always look for security signs in your browser window before trading. limefx’s app is available for iOS and Android, and has received mostly positive reviews. There are more than 30 cryptocurrencies available to trade on limefx.

Inactivity fee Low $10 per month after one year inactivity. Inactivity means that you don’t log in to your account. 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. When you sign up to limefx the also offer the social trading.

limefx scam

If you have a specific question try to write it in the blog comments or to my contact page. Most people do not get the power behind social trading because they suspect a scam. Approximately 68% of users who trade CFDs lose money with limefx. 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. Peak periods in support requests now happen with some regularity and coincide with price spikes in Bitcoin or even other highly coveted assets .

  • These are derivative products, meaning that you don’t buy an asset, but a piece of paper that references the price of the asset.
  • You have to complete ID verification, before depositing money.
  • These are great for limefx clients who are looking for a passive way to investing.
  • If you decide to hold your position for over 24-hours, you will have to pay a fee for those hours after the market closes.

So in order to sign up on limefx, you should follow the process with an online application form, or simply sign with you Facebook and access free demo account instantly. Obviously for opening an account with real money, you will need to submit all the necessary proves of your identity and registrations. This means you need to verify your account through a process that is clear to understand or follow. 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.

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