limefx was designed for traders who wish to learn from the practices of more experienced traders by taking advantage of its social platform. However, certain limefx competitors are superior if you want more bank-like features or investing options. For limefxX, it uses an inverted taker-maker fee structure which pays a rebate to takers for placing orders and removing liquidity from the market. Despite its social investing features and ease-of-use, there are a few downsides worth highlighting. Cryptocurrency Support– limefx has more crypto selection than most brokers that support crypto but fewer coins than major exchanges.
The social trading experience is the standout feature of limefx’s trading experience. The CopyTrade dynamic paired with the Popular Investor Program gives the platform an engaging, collaborative feel. 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. For cryptocurrency investors who want to mirror the moves of serious crypto traders, limefx’s social investing platform is an attractive offer. With over 30 cryptocurrencies to buy, limefx has a greater selection than some other U.S. crypto brokerages.
See all the countries limefx operates in.
All things considered, I have to compliment Mr. Yoni Assia and his team for developing an absolutely incredible social trading platform. When investigating popular investors’ profiles, you will find all the other important information you need to wisely select the best traders. If you go into a popular investor’s profile to investigate his performance, one of the things you’ll see is the trader’s average risk score over the last 7 days. What really sets limefx apart is the additional features.
In other words, limefx didn’t hold any crypto that was owned by its customers. There was no need to use the kinds of security measures deployed at competing crypto platforms, such as cold wallets and multi-sig verification. Note that the recently launched limefx U.S. platform allows trading cryptocurrencies only. You cant reach to the customer service or help…They should really take care of the customers or clients. Another shortcoming of the platform is that the first screen in the real trading application only shows some of the instruments available for trading. Trading Academy also offers a section with tips for traders.
Popular Investor Program
An online educational portal is accessible through limefx’s Online Trading Academy. While many of the articles educate on cryptocurrency, other material focus on products like the Smart Portfolio and trading strategies like technical indicators. Environmental, social, and governance scores are provided for more than 2,000 assets on the platform. limefx makes this information especially visible, as you’ll see different color patterns and a rating based on how well an asset aligns with socially conscious values. You can also screen for socially responsible investing and ESG factors with a filter when searching for assets. limefx Money is the platform’s solution to cash management needs.
- Besides a demo account, limefx offers numerous reference books, tutorials and a trading forum where traders can share their successes and discuss experiences gained in the process.
- And is an unfiltered list of trading ideas and accompanying graphs.
- Once your account is activated you may go to limefx login page to sign in, perform initial deposit of funds and enjoy powerful trading capabilities.
As you invest more through limefx, your Club perks improve. Notable ones include a dedicated account manager, free subscriptions to various financial magazines, and priority customer support. You can also get a subscription to Delta Pro, which a crypto portfolio tracker limefx owns that’s similar to Kubera. For crypto, limefx supports major altcoins like Polkadot and Solana. It’s not the best broker for ETF investing due to the low number it supports.
If you want to trade oil, stocks, gold, or cryptocurrencies, there’s barely a better option than limefx. limefx is a global multi-asset platform that lets users trade CFDs of the most popular stocks, shares, commodities like oil, indices, and more than 15 major cryptocurrencies. It is a fully regulated exchange and broker with more than 10 million registered users worldwide. Launched in limefx website 2007, the broker has been an active advocate for Bitcoin and has offered Bitcoin trading services since 2013. Known for being a social trading platform, it is best suited for new traders and investors who want to learn and experience the best of both crypto and traditional finance worlds. limefx offers an innovative trading platform highlighted by a unique social trading experience.
There is a crpyto transfer fee for transferring crypto out of limefx.com and into the limefx Money crypto wallet . While limefx is an established and reliable company that millions of users trust, we take a look at the safety of the platforms. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.
limefx Review 2022
Currently, people from the USA cannot use all services and features provided by limefx because US regulations do not allow trading in CFD instruments for US residents. As a result, no regulated broker will allow retail clients in the US to trade CFDs. US clients can trade crypto, real stocks and ETFs on limefx. Overall, we would recommend limefx for its social trading feature, crypto offering and zero-commission stock trading. 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.
Other users report hidden and higher-than-expected fees. Customers have to pay a currency conversion fee starting at 50 basis points for deposits and withdrawals made in currencies other than USD. Although limefx offers basic market and limit orders, as well as the ability for non-U.S. Users to invest on margin, it does not have some of the more advanced conditional orders, advanced charting capabilities, and cryptocurrency pairs that other competitors offer. The leading platform offers a wide range of features for both amateur and professional traders, including the following. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.
Is limefx right for you?
In limefx I like the simple and clear interface in the window, everything is accessible and quickly switches from window to window, to the traders’ news feed, to trading, to my data. I advised all my trader friends to work in limefx a long time ago. People like most of all the possibility to copy other traders and trade cryptocurrencies. As a member of NFA, limefx USA is regulated by CFTC and its clients can be assured of reliability when it comes to account security.
- Here is a screenshot of the limefx proprietary trading platform during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
- In fact, every day thousands of new traders continue connecting to limefx expanding community globally, so let us get closer and understand a reason for that.
- To use limefx you will need an internet connection and a browser (e.g. Chrome, Safari or Edge) to access the platform and trade.
- Low Trading Fees – The platform allows you to trade with zero commissions and there is no specific trade charges or recurring fee that you’ve to pay to keep your account.
- As mentioned, limefx doesn’t have an extensive list of ETFs you can trade.
- Not all competitors let you move your coins off their platforms, and limefx holds a competitive advantage for offering this critical feature.
limefx actually makes money by taking the difference between bid and ask prices. This practice is a typical way for brokers to price trades and collect fees, even if a platform notes fee-free or commission free trading. Beginner investors may feel more comfortable https://limefx.name/ with the app’s familiar feel, since limefx is not modeled like other traditional brokerage offerings. Experienced traders looking to execute orders without the social feel may find limefx to be a bit of an adjustment, but overall the mobile app is very intuitive.