LimeFxFX Review 2023 Is LimeFxFX legal in Malaysia?

This is the company that LimeFxFX uses to offer forex trading within the European Union. Accounts belonging to traders who reside within the European Union will be placed within this company and will see their accounts regulated by CySEC. CySEC offers much better legal protection, and your legal protection is, therefore, a lot stronger if you open an account with LimeFx Markets Cyprus Ltd. Additionally, LimeFxFX maintains rigorous security standards, including segregated accounts and negative balance protection, to ensure global compliance.

  • Recommended deposit amount for MT4 Account is also USD100 and you also have negative balance protection.
  • Some scholars consider a small, reasonable spread fee for facilitating trade acceptable under Islamic principles.
  • LimeFx supports all trading styles, including hedging, scalping and automated trading.
  • It’s important to note that minimum deposits and trading costs will also depend on which LimeFxFX entity you choose for establishing your trading account.
  • Rather than specializing in any one field, LimeFxFX provides a wide assortment of content types.
  • Currency rates are constantly in flux, allowing Forex investors to profit from the price differences between currency pairs.

Find the most profitable traders to follow, and allocate a percentage of your funds to copy their trades automatically. Review their performance, and either pause or end the copy relationship at any time. Get a 50% bonus whenever you deposit at least $50 to your trading account.

What is the minimum deposit at LimeFxFX?

Traders need to separately download the MT4 or MT5 trading application from the play store or app store and link it with the live trading account at LimeFxFX. Traders benefit from a range of additional educational features and trading tools at LimeFxFX, including video tutorials and webinars, plus regular forex market insights and news. The brokerage also offers profit and margin calculators, as well as a forex signal service with the Autochartist plugin and live quotes. The overall score might seem lower than what each category’s score indicates. This is due to the fact that LimeFxFC forex trading is unregulated outside of Europe.

  • Nevertheless, The Securities Commission and Bank Negara are quick to add international brokers to their alert lists.
  • All trades opened prior to a new prize drop arrival are considered opened at the first applicable price after the new prize drop start.
  • LimeFxFX features negative balance protection for all trader’s account types, which means customers cannot lose more than the money they have in their trading account in case a position is not successful.
  • Most of the traders who use this broker are located in Indonesia, India or Malaysia.

You can also deposit via cards, e-wallets and cryptocurrencies. Withdrawals can only be made to the same account from which the deposit was made, and must be in the account holder’s name. Step 1) To open a trading account on LimeFxFX in Malaysia, go to their website homepage at and click on the ‘Open Account’ button, highlighted in blue colour, at the top right side of the home page.

Demo Account

Step 4) After clicking the confirm button from the email, you will be taken to a page to provide some personal information, like phone number, address and city, and date of birth. Answer ‘Yes or No’ if you have traded Forex before, then click ‘Continue’. If the company is unable to get in touch with the winner within 14 days after the prize drop date, the prize may be handed over to the Participant ranked next. All subsequent placements and prizes will be shifted accordingly. All the photos and/or images of the prizes used in the contest’s ads, promo banners, and other promotional materials are for information purposes only. The Participant with the numerically lowest sum of places in profit factor and traded volume categories wins.

LimeFxFX company details

It has made great strides with its pricing options for traders, but suffers from a limited range of tradeable instruments and a lack of variety in its educational content. LimeFxFX acts in full compliance with international legislation and regulation standards. With this, the broker guarantees segregated client funds and negative balance protection. Note, some local payment methods may also be offered depending on your country of residency.

Who Is Behind LimeFxFX?

This mail will have the link to advance in the account opening process. LimeFxFX was launched in 2011 and accepts clients from various countries of the world. Although, they only have CySEC and FSASVG regulatory licenses.

The broker accepts clients in 150+ countries, though it is worth checking which entity you will receive services from. All withdrawal requests are processed within 1-3 hours during business hours, though the time taken for funds to clear back to the original payment method may vary. You can access all the tools, features limefx scam and functionality found on the web terminals including one-click trading, chart customization and full order management. The average spread for the EUR/USD currency pair is 0.7 pips, while the USD/CAD is offered at 0.8 pips. Major indices, including the NASQAQ, are offered at an average 0.6 points, which is competitive.

Although LimeFxFX does not offer MYR account currency you can deposit Malaysian Ringgit via local banks and it will be converted into your chosen account currency. All trading, fees, deposits/withdrawals, and profits/losses will be shown in your chosen currency. The company reserves the right to reject or disqualify any participant without explaining the reason. Clients who wish to deposit and withdraw through cryptocurrency and local bank transfer will also find LimeFxFX very useful. Although this comes at the expense of higher third-party risk. LimeFxFX is safe to trade due to FSASVG regulation but it is riskier than top-tier regulated CFD brokers in Malaysia.

LimeFx Markets Cyprus Ltd

Additionally, MT4 offers nine timeframes, four pending order types and one-click trading. LimeFxFX serves as an online Forex broker, granting access to financial markets worldwide since 2011. It currently operates in over 180 countries and delivers free educational and analytical content.

Select one or more of these brokers to compare against LimeFxFX. Though it has been granted regulatory status in Cyprus and in South Africa via an intermediary (Orinoco Capital), LimeFxFX’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. LimeFxFX does have a proprietary app for social copy trading (the LimeFxFX Copytrading app), yet it still trails behind industry leaders such as IG and Saxo Bank.

This is because the price deviation (opening/closing) is due to the available liquidity. Here is a summary of payment methods for withdrawals accepted on LimeFxFX. Here is a summary of payment methods accepted by LimeFxFX for deposits. Step 6) You will be taken to a page to select a payment method to make a deposit. If you click on SKIP, you will be taken to your LimeFxFX dashboard which shows your account balance and other information.

Compare LimeFxFX Competitors

The bonus will be credited to your account automatically and may be withdrawn once you’ve met volume requirements. To make money, you will need to make profitable trades on the platform. However, remember that trading involves risk and you can lose your money as well. CopyTrading on LimeFxFX is a feature that is designed for traders that do not want to trade on their own and would rather copy the trades of other traders, known as Master Traders.

This content ranges from beginner-level trading articles to in-depth research and analysis of popular financial instruments and markets. LimeFxFX is a good broker for Malaysian traders since it offers its services in Melayu and also offers Islamic accounts. Even though the broker is not regulated by any top-tier financial regulators, it has a strong reputation and long track record. Tradeable instruments on this account type are currency pairs, and CFDs on energies, metals, cryptocurrencies, stocks and 10 indices. The account has negative balance protection which means you cannot lose more than your deposits. The real account that complies with the requirements (hereinafter—‘Contest Account’) is deemed to be participating in the Contest and is being rated from the moment it is checked in for the Contest.

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