There are two account types at LimeFX but both have the same pricing structure. Both BNM and SC state that their alert lists serve as guides for the public to increase awareness of entities that are not licensed or regulated by the institutions. However, it does not indicate that the entity is a scam or a fraud – rather, it simply does not possess the local license. The web trading platform at LimeFX can be accessed through the official LimeFX website. It has a one-step login and can be linked with online tools and plugins. LimeFX is an offshore regulated CFD broker that allows low-cost trading across various financial instruments.
- The Securities Commission is the sole licensing authority for entities wishing to deal in securities and derivatives in Malaysia.
- The pricing structure of both the account types is the same as the trading fee is built into spreads.
- Each asset class can have different sizes of a standard lot.
- The MT4 account type is more ideal for habitual traders who prefer to trade with MetaTrader 4 trading platform.
Is LimeFX a genuine broker or not?
It is important to comprehend the available features and terminologies available at a trading platform to make better trading decisions. Trading platforms for desktop, mobile and web traders are available at LimeFX. Local bank transfers are the best method to deposit and withdraw at LimeFX in Malaysia. No commission is charged for any of the methods chosen for deposits and withdrawal. However, a fee for the deposit or withdrawal may be charged by the financial service provider which is executing the transaction such as your bank or a payment service.
Rekomendasi Broker
Clients residing in Malaysia can deposit and withdraw through credit/debit cards, e-wallets, and cryptocurrency wallets. LimeFX does not charge any fee for deposits or withdrawals in Malaysia. 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.
Kajian LimeFX Malaysia: Adakah LimeFX Scam atau Broker Forex Sah?
The LimeFX demo trading account is useful for beginners to gain experience of trading forex and CFDs. Beginners in forex trading must use the demo account for a few weeks to learn the terminologies and strategies of trading. The pricing limefx scammers 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 features, services, and trading conditions are nearly similar for both account types. Both the account types can be chosen either with USD or EUR as the base currency.
LimeFX offers 3 options for limefx courses scam trading platforms in the demo account. The MT5 account allows virtual trading on 230 instruments while the MT4 trading platform allows trading on 74 instruments. The LimeFXTrader is a proprietary trading platform of LimeFX exclusively available for demo accounts.
They are not regulated by any top-tier regulatory authority. The official website and application of LimeFX are also available in Malay language. Overall, the total number of available trading instruments at LimeFX is lower than most of the CFD brokers in Malaysia. Traders at LimeFX can choose between MT4 and MT5 web traders for trading through any browser. For desktop devices, traders can trade on MT4 and MT5 web traders through their regular web browsers.
The income of partners doesn’t depend on trading instruments used by clients. This will require clients to upload a scanned copy of their name and address proofs. The executives at LimeFX will verify the details and will send a confirmation email. The confirmation is generally done within 1-3 hours but can also take up to 24 hours.
MT4 and MT5 mobile trading platforms can be downloaded on mobile and tablets of Android and iOS operating systems. Apart from MT4 and MT5, no other trading application is supported at LimeFX. 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 LimeFX.
Live chat support is a resourceful method to connect with executives and resolve queries. The 24/7 availability of a live chat window is a major advantage but the absence of local phone support is a limitation of choosing LimeFX in Malaysia. 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.