LimeFX Review UK Expert Analysis + Pros & Cons in

LimeFX is mostly known as the leading CFDs and Forex trading service provider, but it has been rewarded consecutively for being the best cryptocurrency trading provider. The Standard Account for the LimeFX account is easy and it is very user-friendly. You won’t have to worry about how complicated it is to make an account with LimeFX.

LimeFX forex broker

But since LimeFX has its own education resources, you could quickly get up to speed. First, we provide paid placements to advertisers to present their offers. The payments we receive for those placements affects how and where advertisers’ offers appear on the site. This site does not include all companies or products available within the market.

List of available data about the LimeFX traders

They offer a series of unique features and benefits that a large number of traders and investors find very interesting, such as CopyTrader and CopyPortfolios. In addition to this, the possibility to trade a large variety of crypto assets and physical stocks with zero commissions is all possible from the one account. At the end of the day, if you are looking for a social trading broker, then this is the best platform for that. While the fees are a little higher than some other platforms, they’re far from unreasonable considering how well designed and respected the broker is. More experienced traders might consider looking for a service that caters more specifically to experts – but new investors won’t find many better options than LimeFX. LimeFX was founded in 2007 with the bold ambition of “disrupting the world of trading”.

Our reviews are a combination of data research and working alongside the brokers. All information provided by the brokers are double-checked to guarantee 100% accuracy and that we remain unbiased. All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas. It is worth it, since it allows for traders to watch and interact with other traders, learn from trading strategies.

If you want to become a real professional and really learn our procedure to find the best LimeFX traders to copy it’s essential to know all the values. Simone Rizzetto has a wide background in biotechnology and immuno-oncology, as well as an MSc in Computer Science. Because of this, he focuses mostly on Tech and Healthcare stocks while applying data analysis tools in order to keep risks as low as possible. Currently, it offers a referral bonus of $50 after a minimum of $100 has been traded by your referred trader. Simply log into your account, go to the ‘marketwatch’ section on the web platform or mobile app, and click on “Sell at Market”.

Social investing community

Once you begin trading with a verified broker, you must make your own inquiries as to the suitability of any derivatives products. LimeFX unique in it’s offering, hold and own underlying assets, follow and copy expert traders. Cryptocurrencies are traded as CFDs and their spreads are expressed as percentages. For example, the spread for Bitcoin is 0.75%, for XRP 2.45 %, for MIOTA 4.5%, etc. When selling or buying cryptocurrencies via the LimeFXX wallet, blockchain and wallet fees apply.

  • For our 2022 Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period.
  • When selling or buying cryptocurrencies via the LimeFXX wallet, blockchain and wallet fees apply.
  • Currently, it offers a referral bonus of $50 after a minimum of $100 has been traded by your referred trader.
  • However, bear in mind that copy trading may mean you have less control over how your money is invested.

With this, you can track their trading performance over a weekly, monthly, or annual basis. You are also provided with useful information and statistics such as average holding time, trades per week, news feed comments, and a profile description. The overall feature ultimately creates a sense of community within the trading platform, as traders are encouraged to interact with each other often. One of the most popular trading platforms in the UK is LimeFX, which is a relatively new option that offers simple and straightforward access to the markets both online and through an app. will not be held liable for the loss of money or any damage caused from relying on the information on this site. Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors.

Invest in cryptoassets

Indeed, more risk can translate to higher returns if the LimeFXs turn out as they hope. By clicking on the “stats” tab at the top of the screen, you’ll see Bonde’s entire trading history presented in monthly percentages since they started using the platform. You can also view an interactive graph of the trader’s performance in the current year. Beyond this, the platform itself offers various different categories and filters for you to apply so that you can find the right traders to copy.

You can trade currency pairs, stock index CFDs, stock CFDs, ETF CFDs, Commodity CFDs, Bond CFDs, Futures CFDs, and Cryptocurrency. The customer support is very helpful, and it is available in 21 languages. This is extremely helpful for traders who do not speak English, or traders who speak more than one language. The broker provides an internal blog, charting tools, and a Trading Academy for all types of trading information you might need. All it takes is one step for you to become a registered member with LimeFX trading. All they need is to provide your email, or sync to your social media account.

Through both of these, users can access six distinct asset classes and a couple of thousand instruments with each, as well as zero commission trades on certain stocks. In the UK, LimeFX users can also choose to trade contracts for differences . 68% of retail investor accounts lose money when trading ‘CFDs’ with this provider. 77% of retail limefx official site investor accounts lose money when trading CFDs with this provider. If you’re a profitable trader and want a supplementary stream of income, then you can build this via the Popular Investor Program and social trading. If you want to rely on copy trading and the pre-made managed portfolios, then LimeFX is a reliable option for you.

LimeFX – Who Are They?

The first criteria a reputable broker should meet is strong regulation. For the simple reason that the broker’s services can easily make or break the success of your trading activity. In addition to this, no one appreciates limefx unwanted surprises, like not being able to withdraw funds from your trading account. You can access analyst ratings and various price targets for tons of different assets, although most are for US stocks.

  • Each broker had the opportunity to complete an in-depth data profile and provide executive time for an annual update meeting.
  • Other stocks on offer are available to trade only as derivative products and additional fees will apply.
  • It really comes down to individual trading strategies and preferences.
  • Overnight fees are also sometimes tripled on a set day each week depending on the CFD instrument being traded.

In LimeFX’s case, you’ll only be charged overnight fees for holding CFDs or margin trades overnight, and only on weekdays . All we want to say with this LimeFX review is that the trading platform has lots of oversight. So you don’t need to worry about any issues or scandals plaguing your time on the platform.

Watchlist users

However, it does require a withdrawal fee and an inactivity fee after 12 months, on a monthly basis. There is also an overnight fee of EURUSD 3.7%, for traders with overnight trading positions. The broker also hosts market watch webinars and podcasts with something to interest both the beginner and more advanced trader. LimeFX does not currently offer market news or a stock screener, features offered by most online brokers.

However, the standard amount for the minimum deposit is 200USD for almost all traders. As for the fees that concern the trader in LimeFX, there is a ten dollar fee for inactivity per month, if the account has been inactive for 12 months. LimeFX also provides an overnight fee that charges the trader, along with the trading fee, in case the trader holds their leveraged position for more than one consecutive day.

Opening an account with Degiro is a simple, fast process that can be completed online – you just need ID and a bank account. There is good customisability across all platforms with good-quality news flow and diverse research tools, though it lacks fundamental data. It offers a 20% welcome bonus up to $10,000, according to regulation and a free 21-day demo account with $100,000. It is not listed on the London stock exchange, nor does it have a banking licence, but it is regulated. Login procedures for mobile, desktop and web platforms are not as secure as they could be. LimeFX is a truly stunning platform and allows you to pick just the right trader for you.

Trustly – a unique payment platform offered to European customers. You need online banking for this service to work, but no additional registration. All things considered and despite attempts to attract customers with low minimum deposit requirements, LimeFX is a rather expensive broker to trade with. Currency Pairs – in the early days, LimeFX was just another FX broker and even though they’ve developed since, the broker has stayed true to its roots. As a trader, you can choose between 49 currency pairs ranging from majors and minors to a few exotic ones. Stocks – there is a total of 800 stocks offered ranging from the biggest tech businesses in the U.S. to smaller companies from all over the world.

CopyPortfolios is a great tool for investors who want to invest passively by copying the portfolios of others. To be able to profit from the CopyPortfolios you need a minimum balance of $5,000. With a user-friendly and minimalist interface, the LimeFX proprietary platform appeals to all types of traders, beginners included. When trading with LimeFX, you are offered the possibility of modifying the level of leverage desired when executing CFD trades.

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