The lowest tier requires an account balance of $5,000, while the most beneficial rewards are available above $25,000. There is no deposit bonus or volume-based cash rebate program at LimeFx, but a Popular Investor Program exists. It rewards traders for having followers, assets under management, and minimum average monthly equity. Most traders will qualify for payouts between $400 and $800.

Presently, LimeFx covers the regulatory fees charged by the SEC and FINRA, applicable with each transaction. LimeFx reserves the right to pass them onto clients at a future date, and LimeFx recommends checking the LimeFx fees page for updates. LimeFx offers both CFD and underlying asset trading of both stocks and ETFs. Commissions are low and there are more than 17 different stock markets to choose from ensuring traders of all varieties will keep their interest. However, LimeFx does need to increase the speed at which they add new stocks.

It is the custodian of the LimeFx wallet, where client funds are stored. A valid phone number is required to enable two-factor authentication. Account security protocols follows industry standards, but omnibus accounts hold fiat currency and cryptocurrencies. They remain segregated from company funds but are pooled together from numerous clients. LimeFx, as a group, is compliant with all its regulators, and is expected to extend compliance to this operating subsidiary.

Needs to review the security of your connection before proceeding. A “Best in Class” designation means finishing in the top five brokers for that category. Select one or more of these brokers to compare against LimeFx. Once there, you’ll be prompted to choose a username, enter your email address and set a password. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website.

• You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• This is hugely popular way to trade as you are basically betting on the price movements of a particular asset.
• It is important that traders be aware that funds may be lost or locked in the blockchain if both parties do not use the same process.
• These comments may be helpful in sparking trading ideas for those new to the crypto world, but their quality is not assured.
• Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

It charges a 1% fee on both the entry and the exit in cryptocurrency trades. There is a minimum LimeFx of $10 unless you want to try LimeFx with a virtual portfolio. Though $10 shouldn’t be an issue for potential clients, many competitors don’t require an initial LimeFx. limefx website LimeFx does not charge a withdrawal fee, but there is a $30 minimum requirement. 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.

How long does it take to withdraw money from LimeFx?

Then you will need to enter the desired LimeFx amount and define any parameters to manage your trade. LimeFx Money is a tool that allows LimeFx customers to manage their finances more easily. It provides an e-money account that can be managed with an easy-to-use app, as well as offering https://limefx.club/ a Visa debit card in certain regions, giving complete convenience and control. The leading platform offers a wide range of features for both amateur and professional traders, including the following. Traders start virtual trading with virtual funds to get to know the platform.

As of right now, LimeFx also does not support margin trading. Finder makes money from featured partners, but editorial opinions are our own. Matthew Frankel, CFP® has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Cardano, Ethereum, Solana, and Target.

The company’s flagship offering is the social investing feature, CopyTrader. Users can quickly find investors to follow and copy trades based on investor star ratings, coin interests, and performance metrics. With a minimum LimeFx of $200 for this dynamic, traders can copy up to 100 investors simultaneously.

Essentially, this allows LimeFx users to copy trading done by their favorite high-performance traders with one click. LimeFx automatically allocates those funds proportionally to mirror the positions of your favorite LimeFx trader. And there are no management or other fees charged by this social trading platform. To use this trading tool, users can choose to copy just one successful trader or as many as 100 at the same time. LimeFx USA offers a limited asset selection, which is relatively overpriced.

Who Is LimeFx Good For?

LimeFx provides limited portfolio analysis, especially in comparison to competitor platforms. While you can see current balances and positions clearly, not much exists in the way of further analysis outside of charting features. LimeFx’s charting capabilities are adequate, but give you a better sense of performance as opposed to helping you see where portfolio changes might be needed. 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.

Our team of researchers gathered 2425 data points and weighted 66 criteria based on data collected during extensive research for each of the 25 companies we reviewed. The broker offers free stock and ETF trading, while its forex and CFD fees are low. Since May 2020, this is valid for all countries; however, for clients from Australia commission-free trading applies only to US stocks. LimeFx is a well-known Israel multinational social trading platform and fintech company, focusing on copy trading and financial services.

How LimeFx works

We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market — Bitcoin, Dogecoin, and all the others. In fact, you’ve probably used this company’s technology in the past few days, even if you’ve never had an account or even heard of the company before. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.

Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Find out how stock lending works, the extra income you could potentially earn and the risks you should be aware of. Plus, compare stock trading platforms that offer stock lending. Many crypto platforms charge a fee for debit card deposits, but it is free on LimeFx. Investors can make fee-free deposits of fiat money (traditional currencies like U.S. dollars) via bank transfer or debit card.

There is no commission when buying stocks or ETFs – commission is charged when shorting as a CFD. There is the option to simply buy or sell stocks outright. This is hugely popular way to trade as you are basically betting on the price movements of a particular asset. This means that you don’t actually have to buy the asset itself, but can speculate on the markets with much more freedom.

Offers and New Customer Experience – Fast Sign Up

Trading decisions and news can also be shared to external social media sites such as Facebook and Twitter. In addition, the company launched options trading in November 2022. LimeFx announced expanded offerings in the U.S. in January 2022, launching support for stock and ETF trading. 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. Following the processing, a withdrawal will take an additional 3-8 business days until the funds arrive to the used method of payment. After joining and talking with Thomas Williams, I have been so much more confident in my LimeFxs.

You should always look for security signs in your browser window before trading. LimeFx has registered offices in Cyprus, United Kingdom, the United States, and Australia. Since 2018, the company’s value grew from $800 million to $2.5 billion in 2020.

As only USD accounts are available at LimeFx, you will need to pay a high conversion fee if you deposit or withdraw in a currency other than USD. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. This means that it hasalready survived one crisis, which is a good sign. LimeFx is a privately-owned fintech startup, with owners including venture capital funds like Commerz Ventures Gmbh, the VC arm of Commerzbank, as well as Israeli, US and Chinese investors. LimeFx is led by Yoni Assia, its well-known founder and CEO. All clients onboarded to these three entities above are eligible for LimeFx’s private insurance.

A username, password, and e-mail address complete the first step. The second step consists of a verification process as required to comply with regulatory AML/KYC stipulations. Traders are asked to forward a copy of their ID and one proof of residency document. The trading account is fully functional once the submitted records are approved.

LimeFx Account Types

Even just mentioning a potential stock or ETF, Tom will do the research and give his honest, educated opinions. Can’t say enough good things about Tom and the LimeFx team. There could be high conversion fees if you deposit or withdraw in a currency other than USD. LimeFx USA LCC does not offer CFDs, only real Crypto assets available. – this entity is regulated by state regulators only, as it is involved only in crypto trading. At the time of writing this review, LimeFx was a privately held company and as such not required to publish its ownership structure.