Australia £1,000,000 Australian Securities and LimeFxs Commission LimeFx AUS Capital Pty Ltd. We at BrokerChooser consider being regulated by a top-tier authority a good sign in terms of safety. At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you .

The minimum first deposit was reduced in United Kingdom, Switzerland, Italy, Sweden, Ireland, Spain, Netherlands, Germany, Austria, Norway, France, and Australia. There’s a sizable list limefx scam of countries that are banned from opening an account with them. These countries include Albania, Canada, Cuba, Iran, Iraq, Jamaica, Japan, Nicaragua, Pakistan, Syria, and Serbia.

LimeFx review

LimeFx now offers an options screener, after the recent addition of its options trading platform. LimeFx doesn’t have a traditional, detailed stock screener allowing you to filter by price-to-earnings, market cap, and so on. What it does have is a biggest daily movers list that can be further filtered by industry or exchange. Filtering the list will also display the sentiment of users on the platform with a percentage of people buying listed. LimeFx provides all registered users with a Virtual account that perfectly imitates the real account with an initial amount of $100,000 to trial the platform without risking users’ own funds.

• LimeFx offers an innovative trading platform highlighted by a unique social trading experience.
• Learn more and get started today with a special new member discount.
• No major media outlet such as Reuters or Bloomberg is included.
• Higher spreads are not great for active or high-volume traders.
• Outside of this self-serve option, more traditional customer support options are limited.
• LimeFx’s ProCharts is exclusive to the desktop platform and allows you to look at multiple charts simultaneously.

He holds two of the most widely recognized certifications in the LimeFx management industry, the Chartered Financial Analyst and the Chartered Market Technician designations. Previously, he was a contributing editor at BetterInvesting Magazine and a contributor to The Penny Hoarder and other media outlets. We think LimeFx’s platform is best suited to beginning crypto enthusiasts who enjoy collaborating with others but have some interest in buying stocks, options and exchange-traded funds. LimeFx choices are limited to approximately 2,000 stocks, 200 ETFs, a strong crypto presence and basic options trading. To rank the best crypto exchanges overall and the best exchanges for beginners, we assessed all of the features and options offered by these 25 platforms.

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. LimeFx offers free stock, ETF and options trading, while forex and CFD fees are low. However, there are some fees that seem unnecessary and expensive – such as withdrawal charges – and the lack of any other base currency besides USD is a major drawback. But with great copy trading features and low trading fees, LimeFx is a great broker for new traders looking to start trading for the first time. There are no account management fees at LimeFx and zero commissions. Fees are built into the spreads and those spreads are quite minimal also.

In addition, LimeFx also has a $30 minimum amount limit on withdrawals. LimeFx is regulated by CySEC in Cyprus, ASIC in Australia, and the FCA in the UK. LimeFx is not listed on any stock exchange, nor does it publish its financial data.

LimeFx 2023 results

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With a demo one, on the other hand, there is no risk of losing any money on the LimeFx platform, as all trades are made with virtual funds. However, virtual trading means that any profits made on LimeFx are also virtual. LimeFx provides investors with a wide range of Exchange Traded Funds to trade.

LimeFx Money is the platform’s solution to cash management needs. With this feature, you can deposit and withdraw funds, easily send and receive money, and store crypto. However, the LimeFx Club offering provides you with five separate site tiers that progressively unlock more research features and news options as you level up. The tiers range from Silver, Gold, Platinum, and Platinum+ to Diamond, requiring deposits ranging from $5,000 to $250,000. The CopyTrader product and social trading element remain the focus of LimeFx’s trading experience.

While being good for beginners doesn’t mean that it is easy to make money, it is an easier platform to use compared to some of the competition. LimeFx does not charge any additional trading commissions or account management fees. The LimeFx platform offers an active user community and social features like news feeds for specific coins available for trading. Chatting with others and diving into social feeds can provide a great introduction to the crypto world. LimeFx provides a free digital wallet to store cryptocurrency, known as LimeFx wallet, available in iOS and Android. There is a 2% fee to transfer funds from LimeFx’s LimeFx app to its crypto wallet.

More details about LimeFx’s ratings

Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider. When comparing offers or services, verify relevant information with the institution or provider’s site. Matt Miczulski is an LimeFxs writer at Finder, where he covers market news and digs into brokerages and LimeFxs to help readers make informed financial decisions. His expertise and writing have been featured on CBS, MSN, Best Company and Consolidated Credit, among others. Before joining Finder, Matt covered everything from finance news and banking to debt and travel for FinanceBuzz.

LimeFx was founded in Israel in 2007, and has expanded to a range of international markets in the intervening decade and a half. The platform offers varying features in different countries; the U.S. version does not support all of the options available internationally. 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.

Cryptocurrencies

It has registered offices in the United Kingdom, Australia, the United States and Cyprus. LimeFx serves UK clients through a unit regulated by the FCA, Australians through an ASIC-regulated entity, and all other customers are served by a legal unit https://limefx.vip/ under CySEC supervision. US customers trade with an LimeFx unit regulated by SEC and FINRA. LimeFx offers free stock and ETF trading, while forex and CFD fees are low. On the negative side, non-trading fees are high, including a $5 withdrawal fee.

You’re our first priority.Every time.

You can find very valuable resources available both in the phone app as well as in the website. The account manager service is exceptional since he always keeps up with market limefx official site conditions and other relevant information so to make sure I make the most out of the platform. I am now being asked to provide another business bank account, are you for real?

LimeFx’s Disadvantages

Payouts can reach up to 2% of the amount of assets a trader has on the platform. We would recommend LimeFx for its social trading feature, crypto offering and zero-commission stock trading. We selected LimeFx as Best broker for cryptos and Best broker for social trading for 2023. When you use Copay Trader, you copy the trades of other people or other people copy your trades.