LimeFX (LimeFX) is a popular CFD broker that has been operating since 2011 & accepts traders from Malaysia. More than 1.5 million trading accounts have been registered with them globally. LimeFX is not regulated in Malaysia, and traders are trading at their own risk. They have low spreads, MetaTrader platform, copytrading & good support. The desktop trading platforms offer the best trading experience with the best customisation and fastest execution. MT4 and MT5 are the two desktop trading platforms at LimeFX.
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But otherwise, they have wide number of CFD instruments including & 10+ CFDs on commodities, 30 cryptocurrencies, 150+ stock CFDs and 10 indices. Additionally, LimeFX adheres to rigorous security protocols, which include segregated accounts and negative balance protection, ensuring compliance with international standards. To enhance safety, the broker requires identical payment details for both deposits and withdrawals. This precautionary measure prevents unauthorised third parties from withdrawing funds, even if they gain access to a user’s account.
The MT5 account type offers the widest range of instruments to trade. LimeFX offers a variety of deposit and withdrawal methods for traders in Malaysia. Based on our research, the overall cost of trading CFDs at LimeFX is not the highest, because other brokers like FXTM, LimeFX charge higher or the same. Some instruments at LimeFX have higher spreads compared to other brokers. For example, their GBP/USD spread is not the lowest, but their EUR/USD spreads are very competitive if you are trading on LimeFXTrader.
What is the minimum withdrawal on LimeFX?
To open a demo account at LimeFX, 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. The first step is to enter your name, email address, and choose a password. Clients can also choose to log in with Facebook, Google, or Apple Accounts. The registered limefx or entered email address will be used to register the account at LimeFX.After completing the first step, a mail will be sent to your registered email address.
Is LimeFX a good broker for beginners?
For traders in Malaysia, especially those new to Forex trading, education is key to success. LimeFX recognizes this and provides an extensive range of educational resources to help traders improve their skills and knowledge. The broker offers webinars, tutorials, and articles covering various aspects of Forex trading, from basic concepts to advanced strategies. In addition to competitive spreads, LimeFX offers leverage options that allow traders to maximize their potential returns. This combination of low costs and high leverage makes LimeFX an attractive choice for traders looking to maximize their profits.
Choose the Broker before choosing the Bonus
- LimeFX does not charge any deposit or withdrawal fees which makes it highly attractive to open an account with them.
- LimeFX withdrawal request can be submitted via the client panel.
- He is an expert in Compliance and Security Policies for consumer protection in this sector.
- Because that way, they believe they can provide better trading conditions and stay on top of the competition.
- LimeFX is a CFD Forex trading broker and platform headquartered in Kingstown (Saint Vincent and the Grenadines), offering low minimum deposit.
- It is also a rare broker fully compliant with Shariah law for Islamic traders.Beginner traders will benefit from well-thought-out research and educational services.
With LimeFX, you can trade using your mobile, web browser, or desktop regardless of the trading platform. For users who want to trade stock CFDs, you would need to open MT5 account, because you cannot trade stock CFDs on LimeFX MT4. The leverage that is offered depends on the type of account and the type limefx scam of instrument that is being traded. The company sponsors charitable and humanitarian initiatives that aim to improve educational infrastructure and support local communities in Malaysia and worldwide. Not long ago, LimeFX partnered with Malaysian educational organisation Ideas Academy to digitalise multiple learning centres for refugees and underprivileged students.
The floating spread for this type of account starts at 0.6 pips. They do not charge a commission when trading through this type of account. In this section, we will be discussing the different account types as applicable to Malaysian traders since the terms and conditions may differ from jurisdiction to jurisdiction.
There are numerous resources available for learning forex trading in Malaysia, including online courses, webinars, seminars, books, and educational websites. Many forex brokers also provide educational materials and demo accounts to help beginners get started in forex trading. Additionally, joining local trading communities or online forums can provide valuable insights and support from fellow traders. With a wide range of trading instruments, user-friendly platforms, and robust customer support, LimeFX provides an appealing choice for both novice and experienced traders. The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders.
