The LimeFxTrader is a proprietary trading platform of LimeFxFX exclusively available for demo accounts. It is an ideal platform for beginners with a simple interface and easily available trading tools. However, the LimeFxTrader is not available for real accounts and will not provide the experience of the MT4 or MT5 live trading platform. limefx The pricing structure of both the account types is the same as the trading fee is built into spreads. The two account types are mainly separated on the basis of supported trading platforms. The overall fees are low for most Forex pairs & CFD instruments, and there are methods for local deposits & withdrawals in Malaysia.
- The bonus is not automatic, as clients will have to apply for the bonus after their account is credited with the deposit sum.
- Added to that the fact they do only offer a limited range of base currencies and not many deposit or withdrawal methods and you can see the limitations of this otherwise popular broker choice.
- Here, the currency exchange is considered equal, and no interest is involved.
- It is important to check the regulations and protection while trading online.
- It’s meant to be a list that people can visit to check if an entity or a scheme has been identified as one that has not been authorised by BNM.
Is LimeFxFX a genuine broker or not?
CFDs are derivative instruments in which the price difference is speculated. Each asset class can have different sizes of a standard lot. For currency pairs, one standard lot has 100,000 units of the base currency. The trading platform is where traders will spend most of their time trading forex and CFDs online.
LimeFxFX Mobile Platform
Tradeable instruments on this account type are currency pairs, and CFDs on energies, metals, cryptocurrencies, stocks, 21 intraday assets and 10 indices. The account has negative balance protection which means you cannot lose more than your deposits. Additionally, LimeFxFX adheres to rigorous security protocols, which include segregated accounts and negative balance protection, ensuring compliance with international standards.
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As a trader, you will find a range of features available at LimeFxFX to suit your needs. Here is a closer look at a few of these features and how they can benefit you as an LimeFxFX trader. 4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan. These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5. Here is a look at a couple of other fees that you may encounter when trading with LimeFxFX.
LimeFx Deposit Rules
However, it’s important to do your own research and practice with the demo account before trading with real money. Because that way, they believe they can provide better trading conditions and stay on top of the competition. This often results in clients turning to brokers with a more diverse range of instruments, better conditions, a copy trading service and appealing promotional offers. Those are most usually international brokers providing Forex trading services.
LimeFxFX doesn’t charge traders any commission for holding an order overnight. LimeFxFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address. This protection is further extended if you are an EU trader. Here you can benefit from the ICF insurance protections provided in the case of bankruptcy or insolvency. These will provide you with a compensation of up to €20.000. Still as a trader, you can bank on the legitimacy and security provided by CySEC regulation.
The platform also provides for a wealth of more than 50 charting tools and indicators, and caters for auto and copy trading through its EA feature. Unlike most brokers, LimeFxFX does not charge any kind of inactivity fee. They are available with trading through MT4 and MT5, though the broker does charge an additional mark-up fee to cover for the rollover fee which is not in place. This physical office presence is still quite light compared with other major brokers, but LimeFxFX does offer trading worldwide. Overall great value with a choice of more than 70 assets to trade. We can say with confidence then, if you like trading with an ECN broker and are looking for a fast, low-spread environment, LimeFxFX would be a top choice.
Bank Negara urges the public to exercise due care when investing in any entity or financial scheme, while the SC encourages the public to alert it of any suspicious capital market activities. Also, you shouldn’t just follow a man blindly when he tells you to invest just because he has a heavy mustache. The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type. Taking a look at the CFD markets available from LimeFxFX, it is noted that they offer a little more than 70 assets in total.
LimeFx offers 3 different types of accounts and each of them is suitable for different kinds of traders. LimeFx offers a variety of deposit and withdrawal methods for traders in Malaysia. It is also worth mentioning that LimeFx also maintains other security procedures to enhance the safety of traders.
Here is a break down LimeFx’s minimum deposits, accepted payment methods in Malaysia, deposit rules, and everything else you should know before you fund your trading journey. Bank Negara urged the public to exercise due care when investing in any entity or financial scheme, while the SC encouraged the public to alert it of any suspicious capital market activities. MT4 is the most widely used desktop trading platform with a very basic interface that looks similar to Windows 98. MT4 was launched in 2005 and is still used by a lot of traders globally. MT5 is an upgraded version of MT4 with more advanced features, indicators, and patterns. MT5 is preferred by algorithmic traders and experienced traders.
You can choose to either be a copier, or a “Master Trader” where others will copy you and you will earn a commission. When it comes to trading platforms LimeFxFX provides the top MT4 and MT5 trading platforms. On the upside for LimeFxFX, they https://limefx.group/ are extremely accessible to all traders. This is due to the low minimum deposit the offer alongside very competitive spreads. LimeFxFX is an online Forex broker that has been providing access to financial markets worldwide since 2011.
So ensure you are fully prepared before depositing your funds and starting investing or trading in the financial domain. Read our guides on how you can get started with forex trading. Plus, refer to our broker comparison lists for finding trusted forex brokers.
Over 11 years, it has gained the trust of millions of clients from more than 180 countries. LimeFxFX is obviously a real and well-established international broker which has been working for more than 11 years. The company sponsors charitable and humanitarian initiatives that aim to improve educational infrastructure and support local communities in Malaysia and worldwide. Not long ago, LimeFxFX partnered with Malaysian educational organisation Ideas Academy to digitalise multiple learning centres for refugees and underprivileged students. In this article, we will focus on LimeFxFX as one of the most prominent Forex brokers in Malaysia. Let’s discover whether you can trust this broker or if LimeFx FX is a scam.
The safety of your deposited funds largely depends on the regulatory compliance of the broker. LimeFxFX is an offshore regulated CFD broker that allows low-cost trading across various financial instruments. They are not regulated by any top-tier regulatory authority. The official website and application of LimeFxFX are also available in Malay language. The Forex market is a universal financial marketplace for exchanging foreign currencies. Currency rates are constantly in flux, allowing Forex investors to profit from the price differences between currency pairs.
