The limefx reviews account can be opened with any device and the process is completed within 24 hours in general. Following are the steps included in the opening live trading account at Lime FxFX. The safety ratings of Lime FxFX are lower than most of the CFD brokers in Malaysia that are regulated by top-tier authorities. This means that the third-party risk of choosing Lime FxFX is high while client protection is low. Our reviews are unbiased and reflect our own experience of trading through these brokers. Lime Fx doesn’t impose fees for bank transfers, but again, your bank might have charges for outgoing transactions and incoming transactions.
The main license of the broker is held by Lime Fx Markets Cyprus Ltd., regulated by CySEC, with domain Lime Fxeu.com. The Cyprus Securities and Exchange Commission (CySEC) is by far one of the most popular regulators worldwide. We have reviewed the available methods to connect with the customer support staff at Lime FxFX. Overall, the total number of available trading instruments at Lime FxFX is lower than most of the CFD brokers in Malaysia. The web trading platform at Lime FxFX can be accessed through the official Lime FxFX website. It has a one-step login and can be linked with online tools and plugins.
Lime FxFX Malaysia Review 2024
The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders. The overall fees are low for most Forex pairs & CFD instruments, and there are methods for local deposits & withdrawals in Malaysia. The broker offers automatic Islamic account with no swap fees and no commissions are charged on trades. CySEC-licensed brokers are considered safe to trade with, as they have to meet a series of strict rules. For example, they are obliged to provide all their clients with negative balance protection – so traders can never lose more than they have initially deposited.
Lime FxFX was launched in 2011 and accepts clients from various countries of the world. Although, they only have CySEC and FSASVG regulatory licenses. They are not regulated by any top-tier regulatory authorities like FCA, FSCA, or ASIC.
Additionally, Lime FxFX maintains rigorous security standards, including segregated accounts and negative balance protection, to ensure global compliance. The broker’s policy of matching payment details for deposits and withdrawals effectively deters unauthorized third-party withdrawals. Lime FxFX’s state-of-the-art 3D secure technology for credit and debit card transactions adds an extra layer of security for Visa transactions. 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. Although from our Lime Fx review Lime Fx offers 3 account types, the Lime FxTrader Accounts, MT5 Accounts and MT4 Accounts, they all have same minimum deposit requirement.
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After every chat and email, the system sends a feedback form, for users to rate the support received with a thumbs-up or thumbs-down, and a space for comments which is optional. This means your orders are transferred to interbank liquidity providers. However, some orders may fail to offset or Lime Fx might choose not to upset them. 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. Being the newer version of the software, MT5 offers access to more charting tools and indicators – 90 versus 50 on MT4 – as well as more order types.
Ulasan Lime Fx oleh pakar dagangan Forex
- Lime FxFX’s state-of-the-art 3D secure technology for credit and debit card transactions adds an extra layer of security for Visa transactions.
- MT5 is an upgraded version of MT4 with more advanced features, indicators, and patterns.
- However, the actual time it takes for the funds to reach your bank account or card can depend on external factors like the speed of your bank’s processing or card issuer.
- The outright prohibition of maysir (gambling) is sometimes discussed in Islamic finance discussions about Forex.
Leverage on Lime Fx depends on the type of account or instrument you are trading. In this article, we will focus on Lime FxFX as one of the most prominent Forex brokers in Malaysia. Let’s discover whether you can trust this broker or if Lime Fx FX is a scam.
Traders in Malaysia are registered under Lime Fx Markets Incorporated and are regulated by Financial Services Authority (FSA) in St. Vincent and the Grenadines (SVG). So, even if Forex brokers could get licensed in Malaysia, they may not hurry to do so because it could severely worsen the trading conditions they provide and lose the competition to international brokers. Lime Fx is not regulated in Malaysia & they are not licensed by the SCM. Malaysian traders at Lime Fx are registered under offshore regulation, so you are trading at your own risk.
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Lime Fx offers 24/7 customer support options for traders via 2 channels. Our team tested the live chat and email support, here is our review. Demo accounts are available for new traders on Lime Fx to help them understand the trading platform before they open a live account and put in their money. If you suffer a loss from an unsuccessful trade, any negative balance that accrue in your account will be reset to zero and you will not need to deposit any money to clear the negative balance. To activate it, you need to ‘level up’ your account for a fee – those fees start from $5. The minimum deposit at Lime FxFX is $5 or RM 1500 with local bank transfer in Malaysia.
While Lime Fx doesn’t typically charge fees, your bank or card issuer might, so always verify that. Bank Negara Malaysia (BNM) added Lime FxFX to the Financial Consumer Alert List (FCA) along with several other brokers. You can withdraw as little as MYR 100 or USD 5 on Lime Fx, depending on the payment you are using. You can withdraw to your Malaysian bank account, card or e-wallet. The customer support of Lime Fx is available 24/7 via live chat and email, they respond quickly, and their limefx scammers answers were satisfactory.
During account creation, you can only use USD as base account currency. However, you can deposit to your account using MYR on Lime Fx and the funds will be converted to the based currency of your account. The minimum deposit in Lime Fx depends on your payment/deposit method. The most accessible option, bank transfer, requires only a RM 100 minimum deposit to get started.
Tradeable instruments on this account are currency pairs, and CFDs on energies, metals, cryptocurrencies, and 4 indices. Recommended deposit amount for MT4 Account is also USD100 and you also have negative balance protection. There is one more thing left to do if you are still hesitating whether this broker is the right choice for you. Go to Lime Fx Malaysia’s website and open a demo account so that you can try out their services for free. That way, you can get first hands-experience with the broker at no risk to your funds.
