LimeFx Review: Key Findings for 2023

2020年12月10日

The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners. There’s no fee to participate—popular Investors are compensated by LimeFx—and once you’ve made your trading portfolio, you can apply to be a Popular Investor yourself. 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. Crypto-to-crypto conversion rates, based upon LimeFx market rates, cost 0.1%.

What you need to keep an eye on are trading fees and non-trading fees. Try out our brand new Asset Compass tool, select your LimeFx goal and time horizon and we’ll show you the best broker options based on our expertise. Direct crypto-to-crypto trading isn’t available to U.S. users.

Coinbase, on the other hand, best suits crypto-focused traders in search of a larger selection of assets and crypto products. You should consider whether you can afford to take the high risk of losing your money. LimeFx has an external crypto wallet called LimeFx Money for users who want to move their crypto off the platform. Some crypto investors leave their funds on the exchange where they bought them in what’s called a custodial wallet.

Trading fees and other costs

LimeFx will, from time to time, make new stocks available for trading, usually in a batch. Investing in themes means, for example, investing in a portfolio of Future Payment systems, DroneTech, Renewable energy or cryptocurrencies. The Crypto Portfolio, for instance, consists of the biggest cryptocurrencies, weighted by market cap. LimeFx has a $5 withdrawal fee, which is high, compared to other CFD brokers. In addition, LimeFx has a $30 minimum amount limit on withdrawals.

• LimeFx does not charge trading fees for stocks and ETFs, but it charges a 1% fee to buy or sell cryptocurrencies.
• As only USD accounts are available, you may pay a high conversion fee if you deposit or withdraw in another currency, like EUR or GBP.
• It contains a special selection of assets, which are divided according to risk level.
• To use LimeFx’s Smart Portfolios and CopyPortfolios, you’ll need to invest at least £382 ($500).

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 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. Following the processing, a withdrawal will take an additional 3-8 business days until the funds arrive to the used method of payment.

LimeFx Crypto Transfer Fees

The biggest drawback is the lack of the community element of LimeFx, especially when it comes to following the trades of other investors. There are only a few places where you can trade cryptocurrencies and stocks in the same place, and those that offer both tend not to have a huge cryptocurrency selection. LimeFx offers one of the best selections we’ve seen of digital assets that can be combined in the same account as stock investing. LimeFx offers zero-commission stock trading with the ability to buy fractional shares.

As you may know, the market maker trade execution model comes with many benefits, including lightning-fast trade execution, tight spreads, and zero commissions. CopyPortfolios, which are ready-made, LimeFx strategies, offering thematic LimeFx, such as medical cannabis, driverless cars, and people-based portfolios. LimeFx charges a low fixed fee of $5 for withdrawals to cover some of the expenses involved in international money transfers. Rollover (weekend/overnight) fees change from time to time based on global market conditions. Please be aware that fee changes always apply to open positions. Here is a breakdown of those two categories to know whether LimeFx really charges competitive trading fees.

CopyTrader shows you fellow traders involved in the program and the returns they’ve stacked up over the past, so you can make your selection to copy their trades. If you’re not ready to go that far, you can follow along on the trader’s limefx review social feed, see their monthly performance stats and check out their holdings. It is social media meets crypto trading, helping traders connect with others. The key advantage of LimeFx’s trading platform is its simplicity.

The selection for crypto investors in other countries includes almost all the top 20 cryptos by market cap. Some crypto exchanges offer 200 or more different coins and tokens, but LimeFx’s selection is still solid. Investors can access smart contract cryptos, gaming, metaverse, and DeFi tokens.

How to Deposit on LimeFx

The club also offers a variety of educational resources to help members make informed LimeFx decisions. Overall, LimeFx Club provides a wealth of resources and opportunities to help members grow their portfolios. Its retail investor accounts make it easy to trade various assets on a single platform, automate your trades using smart portfolios, and even mimic the market moves of more experienced investors. But now that LimeFx offers stocks and ETFs, both platforms may appeal to those who want to diversify across various LimeFx types. LimeFx has a larger cryptocurrency selection, so its probably the best choice for traders who want more options to choose from. Yes, you can make money with LimeFx, though doing so — as with any broker — is never guaranteed.

In general, when an asset is not available during halting periods, set order rates that are triggered during the halt will be executed on the next available executable rate when trading resumes. No matter what the case is, trading disruptions are a result of the unusual conditions in the market, which can cause panic and disruptions to trading. This is a safe environment to learn all about the platform and its unique features like CopyTrading, Smart Portfolios and more. It is important to note that this time period depends entirely on the payment service provider. These are regulatory obligations from LimeFx as a regulated financial institution.

LimeFx also checks your financial knowledge to determine whether Smart Portfolios is right for you. The proportion of CFDs in the specific Smart Portfolio is clearly indicated. You can check performance and asset distribution, and read the LimeFx strategy. Smart Portfolios are built around a theme by LimeFx’s https://limefx.group/ algorithms or by LimeFx external partners. Furthermore, as LimeFx holds stocks on behalf of its users as beneficial owners, users do not currently have voting rights for stocks held. LimeFx allows only USD accounts, which means that funds in other currencies might need to be converted by LimeFx to USD.

FAQ – The most asked questions about LimeFx :

With over 75 available coins, traders have a wide selection of digital assets to choose from. The list includes some of the most popular tokens, such as Bitcoin, Ethereum, and Litecoin. In addition to these major cryptos, LimeFx also provides access to lesser-known coins like IOTA, NEO, and Stellar Lumens.

Find a trader who has been making profits for some time and convert his trader 1 to 1. Various portfolios are also available for LimeFx at LimeFx. It contains a special selection of assets, which are divided according to risk level. LimeFx is one of the world’s famous brands when it comes to online trading but is LimeFx a good and professional broker or not?

LimeFx Review 2023: Pros & Cons

Previously, LimeFx had a rigid approach when it came to spread structure. The old fixed spread system meant that predetermined spreads set by LimeFx remained the same regardless of changing market conditions. The new variable spread that LimeFx has introduced is now in line with its competitors and allows traders to take advantage of market volatility. The range of assets to trade is unparalleled, including a huge array of Crypto assets. I came to LimeFx to dip my toe in Crypto but then stumbled into their trading academy… We were treated to a corporate hospitality event at the O2 yesterday evening.

Based on my experience and tests, LimeFx is the right provider for cryptocurrencies because the spreads are very tight. Compared to other providers, the broker is particularly inexpensive and easy to use. Since the Bitcoin boom, LimeFx has also made it possible to trade cryptocurrencies (Bitcoin, Ripple, Ethereum, etc.). You can profit from rising and even falling prices on the trading platform. In contrast to other providers, LimeFx can shine with many different special functions. What we particularly noticed is that the trading platform is very user-friendly and easy to use.

However, the zero-commissions apply for non-leveraged BUY positions while leveraged, and stock CFDs are exempted. There are two key aspects of social trading limefx on the platform. CopyTrader lets you copy the actions of other traders in real-time, while those who want to be copied can join the Popular Investor program.