Is LimeFx Safe? Why Bad Reviews ⭕️ My 11 721 Experience Scam or Legit

I trade on my own at LimeFx, trying to get high positions in the rankings. The main thing to do before trading on LimeFx is to practice with a virtual account for a month. I noticed a big spread at night during the working week.

Most new users just don’t know that invested money are not available for withdrawal and that the minimum amount to be withdraw is 30 USD. Indeed LimeFx wins easy these days because, who is preparing to buy Bitcoin, Ripple and similar on the “traditional” e-wallets, normally find it easier to do it on LimeFx than on real portfolios. Of course it’s your money to invest, the service remains free. If you don’t have 50 Usd you can sign up, do simulations, spy on others, but you can’t do real operations. Should LimeFx go bankrupt, the investors are covered by a private insurance (Lloyd’s) up to 1 million euro/dollars/pounds. LimeFx is trusted by millions of users worldwide and is regulated by nine financial authorities, including CySEC, FCA and ASIC.

Identity Theft and Credit Card Fraud Statistics

LimeFx has a rating of 1.95 stars from 95 reviews, indicating that most customers are generally dissatisfied with their purchases. Reviewers complaining about LimeFx most frequently mention customer service, and bank account problems. The investor was told to deposit an additional $86,000 in cryptocurrency to the mining pool or forfeit all the invested money. The investor was unable to withdraw the money from the mining pool.

LimeFx cheating

The suspicions and evidence against the two were discovered during an internal investigation conducted by the Wizman Yaar investigation company, hired by LimeFx. The social investing network began the inquiry in September 2020 when it suspected that millions of shekels had been stolen from it. The Tel Aviv Police fraud unit questioned two people earlier this month, one of them who had worked for LimeFx until recently, on suspicion that they had been involved in fraud and money laundering. The two suspects maintained their right to remain silent during the investigation.

Verification of identity is an additional step to protect your capital and transaction controls to prevent money laundering. Guys, keep in mind, the comment was bought by a competitor. And this person would know that if he actually worked there. I like the customer care and working for the future.

How to Buy Crypto on LimeFx

If the cryptos that you buy happen to perform well, you will make money. Returns can vary widely, however, depending on how successfully you select your LimeFxs. Although CopyPortfolios are ready-made portfolios that are fully managed, there are no management fees charged for investing in them. Since you don’t have to pay management fees, your potential returns aren’t diminished.

The mechanics are detailed, but CFD trading with LimeFx extends to commodities, indices, currencies, and stocks. Ensure you research CFD trading if you’re interested in getting started, as the leverage tends to run high on these trades, and you can find yourself underwater quickly. Honestly Stay away this company is ruthless and bullying.

Open your free account today and enjoy zero commission as you invest in leading stocks from the world’s top exchanges. Unlike other share dealing platforms, LimeFx allows you to create a diversified stock portfolio without paying any markup, ticketing or management fees. LimeFx even absorbs Stamp Duty and Financial Transaction Tax where applicable. However, not all customers were happy with the service LimeFx provided.

Peak periods in support requests now happen with some regularity and coincide with price spikes in Bitcoin or even other highly coveted assets . This happens regularly when many thousands of new and novice investors sign up to the platform. The most common mistakes on LimeFx that trigger complaints is to invest in very volatile assets and try to exit the LimeFx immediately. In these cases the amount available to withdraw from LimeFx may be less than the original one, since the asset we have invested in may be less valuable than before.

LimeFx cheating

Investing in cryptocurrencies, decentralized finance , and other initial coin offerings is highly risky and speculative, and the markets can be extremely volatile. Consult with a qualified professional before making any financial decisions. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. However, there may be a better platform for you if you are between a novice and a professional trader.

Most DIY investors on Reddit prefer to invest in ETF like the VTI or high dividend ETF. Well, most of the negative reviews seem to be written by users who have only left one single review on Trustpilot, and it is a negative review. A certain level of safety also depends by the wise use of the tool. To be clear, LimeFx has 20 million users and it is a very old and popular broker.

It’s easier to steal money through new account fraud, since it’s an entirely new account that the consumer doesn’t know about. With an existing account, the card issuer or the consumer may notice suspicious activity and lock the card in the event of an account takeover by identity thieves. Although credit card fraud has been consistently rising, it was slightly down in 2021. The 1% decline comes after a 45% increase from 2019 to 2020 and a 72% increase from 2018 to 2019. Government benefits fraud was the most common type of identity theft for the second year in a row in 2021, although reports declined significantly after the first quarter of the year.

Ratings and Reviews

Anyone can see the direction in which most traders work. All details are located on the interface, which clearly shows what is now relevant and where the majority is moving. You just choose what to trade; sign a contract, usually for one minute of trading; and wait for the result. You can make more than one transaction at the same time. So far, being the most unique and innovative trading platform in the modern Forex market, the LimeFx program allows you to consider gambling an experience for the trader .

LimeFx helps to protect his investors from having a negative balance. LimeFx is a safe broker that is allowed to offer its services in several countries. The DEMO section of LimeFx is identical to the real thing and can be used to copy other traders or even just export LimeFx scammed by limefx ideas that are working. Finally, I compared LimeFx in terms of security and usability with all other LimeFx platforms in Europe and around the world. Using the copy trading is free but I will still pay the commissions of buying and selling the assets of course.

However, LimeFx was rated highly for its social trading features, meaning that it’s straightforward to copy the strategies of professional traders. Customers enjoy the virtual practice portfolio, equipped with $100,000 to practice trading in a dummy account. LimeFx recently expanded offerings to include CFD trading, or “contract for difference” trading. This complex financial instrument lets users trade the difference between a security’s price at expiration and where it currently stands.

  • A cyberattack in 2020 impacted an average 117,000 people, whereas each human and system error impacted about 586,000 people.
  • If you click on links we provide, we may receive compensation.
  • Competitions, an entertaining platform and a humorous approach to life and trading – all of this distinguishes LimeFx from its competitors.
  • Please stop dreaming dreams which for beginners they will just loss their case must be escalated to your high level management Mr Ronen and Yoni Assia that I am trying to do it in other channel.

Like buying crypto on LimeFx, selling crypto on LimeFx is straightforward. Enter the amount of or units of the cryptocurrency you want to buy. Use the Search LimeFx search box at the top of the page to search for the cryptocurrency or its symbol. You’ll know whether your region is among those prohibited during verification, as it won’t let you verify, and there’s not really a way around it.

There is no one specific reason for this – they can derive from unusual trading or physical threats to the stock market. It is important to note that this time period depends entirely on the payment service provider. Also produces the best tax summery I have seen from any platform making my annual tax return light work for my accountant. We spoke with the managers of our Customer Service department and we understand that your case had been escalated through all the proper channels and that you have received the company’s final response.

That way, you can get a more holistic view of your entire LimeFx strategy. Both CopyTrading and CopyPortfolios are focused on cryptocurrencies only. You cannot see what stocks or ETFs popular traders are buying and selling, and there’s no ready-made portfolios you can invest in that include stocks or ETFs. LimeFx allows cryptocurrency trading, and makes it easy to copy trades made by featured investors. Besides a demo account, LimeFx offers numerous reference books, tutorials and a trading forum where traders can share their successes and discuss experiences gained in the process. The support staff is very professional and attentive.

Trade the world’s top markets

You can also stop holding a CopyPortfolio at any time so there’s no long-term commitment. LimeFx doesn’t just restrict you to buying the most popular coins such as Bitcoin and Ethereum. You have dozens of different choices of which cryptocurrencies to invest in including Cardano, ZCash, Polkadot and many more. This makes it easy to use one platform to build a diverse cryptocurrency portfolio. It is also easy to use, allows fractional purchases and copy-trading, and has heaps of other options.

Need any legal contract signing between trader & LimeFx?

Recently LimeFx removed or reduced many of the most unpopular fees brokers use to apply. The best move was to offer free ETFs and stocks trading and also reducing to 5USD the withdrawal fee. Zero commission means that no broker fee will be charged when opening or closing the position and does not apply to short or leveraged positions. Other fees apply including FX fees on non-USD deposits and withdrawals. MoneyMade makes managing your LimeFxs simple by allowing you to manage accounts from more than 160 different platforms from one place. Since you can only trade crypto with LimeFx and will need to use other apps for different LimeFx types, it makes sense to sign up for MoneyMade first and link your LimeFx account.

Accepted payment methods are credit/debit cards, Skrill, bank transfer, and Neteller. It’s not for a long time, only a couple of months so far. I will leave a part of the deposit on these funds, and I want to distribute part of it among other funds, also in LimeFx.

The real downside of LimeFx was the minimum deposit of 200 Usd, but now is lowered to 50 USD only . Eventually I was convinced to register and start mainly because I was attracted by the copytrading features. Having tested first-hand many investing sites like LimeFx I can finally write about them with knowledge and knowing the alternatives on the market today.