As these traders make moves in their accounts, those same moves are copied in real-time to the copy trader’s account, ensuring an automatic mirroring of their positions. We’ve released a new service that expands your options for making a profit in both active and passive ways—Lime FxFX Copytrading. If you’re new, it’s not recommended to limefx reviews copy someone with a high level of risk as you might lose money quickly. Instead, choose someone with a risk level that you can afford. Also, check if the trader uses stop losses on their trades and at which distance.
The filter at the top of the screen also allows you to sort Master Traders by their gain or popularity. This bonus is also withdrawable though you must meet certain terms and conditions set by the broker. This means you can open positions with as little as $1,000 and this amount can be further reduced if you are trading on leverage.
For example, if a signal provider invests $1000 in a particular trade and you have allocated $500, your copy trade will be half the size of the signal provider’s. Browse through the available traders on the Lime FxFX Copy Trading platform. You can choose one or multiple traders to copy, depending on your investment preferences. Your success in copy trading is highly dependent on the performance of the trader you copy.
Tried calling customer support many times but didn’t get any satisfactory answer. Distressed with the services, I searched for another Forex broker and found TradeEU. The broker was regulated, I quickly created an account and started trading. After using the platform for over 1 month, here’s my review – The platform is perfect, leverage is good, spreads are lowest and most importantly, the withdrawals are quick. It took only a few hours for withdrawals to credit to my bank account.
This allows you to diversify your portfolio and minimize your trading risk. Such a strategy is often known as people-based portfolio, which refers to traders who invest in other traders rather than perform the trades themselves. Just because you’re copying other traders doesn’t mean you can set it and forget it. If you notice a drop in their success rate or changes in the market, be ready to adjust your strategy accordingly. It’s like sailing – you need to adjust your course when the winds change.
This involves providing basic personal information and verifying your identity. We’ve created a standalone app supplying all your needs as an investor. It duplicates all the functionality available to Copiers in the Lime FxFX Copytrading service on our site. You can now invest and manage your finances on the go, within a single free app designed exclusively for this purpose.
So, if you choose an unprofitable trader, you will also lose your money depending on the proportion that you’ve invested. The service fee is limefx scam actually included in the spread as a markup of 0.2 pips. Now, the Master Trader’s commission is a separate thing, and it’s something you’ll know in advance. Each Master Trader’s stats will show you the commission size, so you’re always in the know. You can add or remove traders, adjust your investment amount, and customize your strategy.
The minimum investment amount differs with every Master Trader. You can set up copying in equal, double, or triple volume or you can specify the preferred copy proportion manually. As a copier here, you also will not be charged any other commission besides that set by the person you are copying. This amount can vary depending on the master as they have freedom to individually set commission. Again the platform is available on all mediums and a webtrader is offered.