Is LimeFxFX A Scam Broker? Everything You Need To Know About LimeFxFX In Malaysia

Malaysian traders at LimeFx are registered under offshore regulation, so you are trading at your own risk. However, when it comes to Forex trading itself, it’s extremely important to acquire sufficient knowledge of the financial markets and use risk management techniques when trading. Without that, you are facing great risks of losing your money with any broker you choose to trade with.

Kajian LimeFx Malaysia: Adakah LimeFx Scam atau Broker Forex Sah?

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 promotions program currently offers a 50% deposit bonus to traders on a minimum deposit amount of $50. The bonus is not automatic, as clients will have to apply for the bonus after their account is credited with the deposit sum.

Disclaimer

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. Furthermore, LimeFx does not allow the use of arbitrage strategies.

LimeFx Deposits & Withdrawals

So ensure you are fully prepared before depositing your funds and starting investing or trading in the financial domain. LimeFxFX is a privately owned financial services provider based in the Island nation of St Vincent and Grenadines. LimeFxFX offers https://limefx.vip/ CFD trading services in various countries of the world. 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.

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On LimeFx’s website, you can find their execution policy under their ‘customer agreement’ section. Here is a summary of how the forex broker handles your orders. Here is a summary of payment methods for withdrawals accepted on LimeFx. Here is a summary of payment methods accepted by LimeFx for deposits.

They offer spread-only accounts and offer commission-free trading on all tradable instruments. LimeFx 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. Demo accounts are available for new traders on LimeFx to help them understand the trading platform before they open a live account and put in their money. LimeFx is a forex broker that offers competitive spreads, flexible leverage, and copy trading. They offer forex trading and CFDs on indices, cryptos, metals, and energies through MT4 and MT5 platforms.

Traders can withdraw the LimeFx bonus after they meet a trade volume requirement of half the bonus amount in lots. Because LimeFx provides market execution, there is a high likelihood that your orders might be opened or closed at a price different from your requested price. Unlike some brokers who strive to get the next best price for you in this situation, LimeFx deems this slippage natural and will not bear any responsibility for it. This is because the price deviation (opening/closing) is due to the available liquidity.

It is responsible for the activities of the licensed entities and their conflict of interest with the clients. FSA is responsible to the Ministry of Finance and Government of St Vincent and Grenadines. The registration process to open an account on LimeFx is simple and fast. The number of tradable instruments on LimeFx is few, which means they may not have some instruments that you want to trade. We also tested the direct email form on the contact us page of the LimeFx website but got no feedback.

• Live chat support is a resourceful method to connect with executives and resolve queries.
• Web traders are available in more than 20 languages and are highly customisable.
• The support services are good through live chat but local phone support is not available in Malaysia.
• The safety ratings of LimeFxFX are lower than most of the CFD brokers in Malaysia that are regulated by top-tier authorities.

Evidently, LimeFxFX has stopped working with all of those celebrities, as there haven’t been any new promotional activities with them for quite a long time now. As for now, no new Malaysian influencers are working with the broker. It is unclear if it’s illegal for LimeFxFX to work with them only because it is included in the alert lists.

The registered or entered email address will be used to register the account at LimeFxFX.After completing the first step, a mail will be sent to your registered email address. This mail will have the link to advance in the account opening process. The safety ratings of LimeFxFX are lower than most of the CFD brokers in Malaysia that are regulated by top-tier authorities.

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 web trading platform at LimeFxFX can be accessed through the official LimeFxFX website. It has a one-step login and can be linked with online tools and plugins.

Both these platforms are developed by MetaQuotes Software for online trading. Overall, LimeFxFX is among the most cost-effective broker to trade CFDs in Malaysia. No swaps fees are applicable on the MT5 account and MT4 swaps are lower than many CFD brokers in Malaysia. limefx scam We have reviewed each component of broker fees that are commonly charged by CFD brokers in Malaysia. There are two account types at LimeFxFX but both have the same pricing structure. LimeFx is not regulated in Malaysia & they are not licensed by the SCM.

There are multiple bonus offerings for Malaysian clients at LimeFxFX. To open a demo account at LimeFxFX, clients need to enter basic details on the registration window and login into the personal area. After logging in, clients will have the option to open a real and demo account. We have thoroughly analyzed every component of LimeFxFX to provide a comprehensive and honest review of LimeFxFX. This review has been done specifically for Malaysian traders.