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.
- Although, they only have CySEC and FSASVG regulatory licenses.
- So ensure you are fully prepared before depositing your funds and starting investing or trading in the financial domain.
- Beginners in forex trading must use the demo account for a few weeks to learn the terminologies and strategies of trading.
- FSA is responsible to the Ministry of Finance and Government of St Vincent and Grenadines.
LimeFX Penipu? Adakah LimeFX Malaysia Patuh Syariah?（Update 2023）
No swaps fees are applicable on the MT5 account and MT4 swaps are lower than many CFD brokers in Malaysia. LimeFX 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. Evidently, LimeFX 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.
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.
LimeFX Trading Platforms
This often results in clients turning to brokers with a more diverse range of instruments, better conditions, a copy trading service and appealing promotional offers. Those are most usually international brokers providing Forex trading services. Clients who wish to deposit and withdraw through cryptocurrency and local bank transfer will also find LimeFX very useful.
Just like LimeFX, other international brokers, such as LimeFX and LimeFX, are also included in the lists. However, none of them are licensed by the Securities Commission or Bank Negara. LimeFX is a privately owned financial services provider based in the Island nation of St Vincent limefx reviews and Grenadines. LimeFX offers CFD trading services in various countries of the world. Yes, LimeFX allows withdrawal of funds through multiple methods.
What is the minimum deposit at LimeFX?
Although this comes at the expense of higher third-party risk. LimeFX is limefx scammers safe to trade due to FSASVG regulation but it is riskier than top-tier regulated CFD brokers in Malaysia. Interestingly, there are no Forex brokers that are licensed in Malaysia. The Securities Commission is the sole licensing authority for entities wishing to deal in securities and derivatives in Malaysia. Other online brokers, as well as other investment options—such as derivative CFD and Forex trading—remain unacknowledged by the Securities Commission.
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 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. This mail will have the link to advance in the account opening process. Overall, LimeFX is among the most cost-effective broker to trade CFDs in Malaysia.
Is LimeFX a genuine broker or not?
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. So ensure you are fully prepared before depositing your funds and starting investing or trading in the financial domain. The trading platform is where traders will spend most of their time trading forex and CFDs online.