It is important to note that they charge a withdrawal fee of $5 with the minimum withdrawal being $30. 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. Cryptocurrency Support– LimeFx has more crypto selection than most brokers that support crypto but fewer coins than major exchanges. There are no fees and no commission to pay on the trades you make, plus the website has a good grounding of educational content. Customers’ cash is held in a separate regulated bank account separate to the company and held in trust.

We are specialized in offering services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work. Organizations that conduct market research engage in processes where human capital is the main input. They make available the knowledge and skills of their personnel, frequently on an assignment basis, where a person or group is in charge of providing services to the client.

• LimeFx is available in approximately 100 countries, so you will need to check if it is available for your particular location.
• It also has a unique CopyTrade feature that lets you mimic the top investors on the platform for a more socially-driven experience.
• This is lower than some of its competitors, but certainly not the most competitive fee on the market.
• Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.

LimeFx is a popular broker established in the UK in 2007, serving over 17 million users in ~100 countries. LimeFx offers US investors 75 different cryptocurrencies to trade, while non-US users can also access stocks, ETFs and CFDs . This makes LimeFx a great place for new crypto investors and traders to learn. Users deposit fiat currency, such as U.S. dollars, into their accounts to use on the platform. For seamless transfers, users can link their bank account or can choose to deposit funds via wire transfer instead. Withdrawals of U.S. dollars can be made directly to the user’s bank account.

Personal details are safeguarded by SSL encryption, and you can even enable 2FA (two-factor authentication) on your account to prevent unauthorized logins. If you need help, you can contact them via email or use the live chat feature. As far as depositing and withdrawing funds is concerned, you will be able to do it easily without any obstacles.

Brilliant Company.

LimeFx has a 4.2 star average rating on Trustpilot, and many users enjoy the fact that they have an account manager. However, CopyTrader isn’t just a leaderboard; you can actually put your money to work to proportionally match different traders. And CopyTrader has traders with various strategies, risk profiles, and asset allocations to choose from. Just note that https://limefx.name/ there’s a $200 minimum to place a trade with CopyTrader. Anyone, even non-users, can visit LimeFx and gain access to lessons on LimeFx terms, interpreting the markets, and different types of assets through the LimeFx Academy. There are also CopyPortfolios which allow you to automatically replicate the portfolios of successful investors on the platform.

If you are unsure which cryptocurrencies you should invest in, LimeFx has provided some balanced, professionally researched cryptocurrency portfolios. If you have any questions about the trading platform, you can be helped very quickly. The account managers are trained to teach the trader all the functions of the trading platform. From my experience, this staff is professionally trained and has the necessary expertise to help you trade successfully. The CopyPortfolios are friendly for anyone who wants to build a diversified portfolio.

This page displays the current prices, the daily spread break, and the market hours for each asset, divided by class. As an example, at the time of writing, EURGBP has a daily break spread of 4 pips. LimeFx offers its users limefx over 2,000 stock CFDs to choose from. Users can choose from a wide range of stocks covering everything from Basic Materials to Utilities, or filter by over 20 exchanges such as the London and New York stock exchanges.

LimeFx Review 2023: Pros & Cons

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. If you’re solely focused on exchanging cryptocurrencies, LimeFx USA could be right for you. It currently offers more than 25 cryptocurrencies, including bitcoin, ethereum, ethereum classic, dash, litecoin, stellar lumens, dogecoin, and much more. You can also use LimeFx’s related offering Smart Portfolios to replicate the performance of crypto-focused portfolios managed by LimeFx.

It doesn’t offer too many features other than the ability to select a dollar amount or number of shares you want to buy or sell. However, for people who want the ability to easily buy and sell LimeFxs, it can be quite sufficient. Like most app-based trading platforms, LimeFx is light on educational resources and functionality. It offers a web-based and app-based platform, but both lack the features available through many rivals. As of February 2023, LimeFx doesn’t offer mutual fund investing, nor does it offer bonds, commodities, foreign currencies, or other LimeFx types to U.S. customers. To be fair, LimeFx is clearly oriented to traders, not long-term passive investors, but it’s important to realize that you won’t be able to own certain types of LimeFxs through LimeFx.

A pioneer in social investing, LimeFx offers investors the ability to copy the cryptocurrency trades of pros. In addition to cryptocurrency, the broker offers access to stocks and ETFs. Our team of expert traders put popular forex brokers LimeFx and LimeFx to the test to help you make an informed decision about the better broker for your trading skills and strategy. We tested everything from trading experience to customer support to charting to commissions to bring you a comprehensive assessment of each broker. Keep reading for the results of our 2023 head-to-head matchup.

Pros and Cons of LimeFx

Security protocols for crypto include offline and online storage of coins, two-factor authentication and state-of-the-art monitoring tools. In addition, no member of the LimeFx staff can transfer users’ crypto out of storage. Trading history presented is less than 5 complete years and may not suffice as basis for LimeFx decision. LimeFx is regulated by top-tier financial authorities like the FCA, and ASIC as well as CySEC. However, it is not listed on any stock exchange and does not have a bank parent.

Many retail traders can lose their invested money and may even owe funds if their trade goes wrong. That may happen because trading CFDs involves leverage or borrowing capital. Some 68% of retail investor accounts lose money when trading CFDs with LimeFx.

Copy trading

LimeFx is a secure trading platform with competitive spreads and no hidden fees. Using the search bar you can, for example, search for a specific market. Under “Markets” there are different categories to which the markets are assigned.

In addition to above my business accounts manager, Varun Sehgal, is an absolute asset and his knowledge of the platform is second to none. Anything I need he is usually available very quickly to discuss. In addition to the above, I have had an amazing and great experience with my Account Manager, Luke Sefain, who is an absolute asset. He Has been very informative, helpful, and full of knowledge on this platform, Luke Sefain and his team were very help during any issue or problem to solve on this platform since I joined it. I have had a great time with him while trading on this platform. As a regulated company, we’re audited and monitored in all aspects of our business, therefore we can’t have practices that are deliberately disadvantageous to our users.

This effectively turns LimeFx into a kind of hands-off, no-fee robo-advisor for cryptocurrencies. When you navigate to each coin or managed portfolio, though, you gain access to a unique feed that presents user posts related only to that specific offering. These comments may be helpful in sparking trading ideas for those new to the crypto world, but their quality is not assured. You will also pay a crypto transfer fee of approximately 2% of up to a maximum of $100 on most major coins like Bitcoin, Ethereum and XRP , to name a few.