You should go through the list of Masters to check their trading history and performance, and then choose the one you prefer. Keep in mind that different Master Traders have different settings so you might have to adjust your balance accordingly. 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 LimeFx dashboard which shows your account balance and other information. The customer support offered through live chat is quick and helpful, and also available in the local language. The leverage that is offered depends on the type of account and the type of instrument that is being traded.
Overall, we believe it is moderate to high risk to trade forex & CFDs with LimeFx if you are a trader based in Malaysia. Although LimeFx is a popular forex broker, but they score low in terms of overall trust score in our research. They are although regulated under CySEC & FSCA, which are Tier-2 regulators.
- The web trading platform at LimeFxFX can be accessed through the official LimeFxFX website.
- Overall, the total number of available trading instruments at LimeFxFX is lower than most of the CFD brokers in Malaysia.
- Following are the steps included in the opening live trading account at LimeFxFX.
- Meanwhile, other online brokers, along with other investment alternatives like derivative CFD and forex trading, continue to be overlooked by the Securities Commission.
LimeFx does not charge any deposit or withdrawal fees which makes it highly attractive to open an account with them. LimeFx is regulated by one Tier-2 financial regulator which is less trusted than other comparable brokers. However, being licensed to operate by fewer financial authorities does not automatically mean that LimeFx is not a safe broker. The Forex market is a universal financial marketplace for exchanging foreign currencies.
Getting started with LimeFx trading app
Plus they have an option to open an Islamic account for Swap Free trading. Yes, LimeFxFX allows withdrawal of funds through multiple methods. Clients residing in Malaysia can deposit and withdraw through credit/debit cards, e-wallets, and cryptocurrency wallets. LimeFxFX does not charge any fee for deposits or withdrawals in Malaysia. To open a demo account at LimeFxFX, clients need to enter basic details on the registration window and login into the personal area.
LimeFx trading app
Multiple factors, including significant economic and geopolitical events and financial indicators, influence price movements in foreign exchange. Investors are tasked with carefully evaluating limefx website these factors using fundamental and technical analyses to make thoughtful financial decisions. Live chat support is a resourceful method to connect with executives and resolve queries.
Islamic Accounts Offered by LimeFxFX
This crisis was caused by high sovereign debt levels and deficit spending combined with increasing borrowing costs. Inflation pressures are expected to ease in the coming months due to stabilization in commodity prices, eased global supply chain constraints and improvements in global trade. Nonetheless, potential energy shocks, tight labor markets and further supply chain disruptions remain as potential risks that could impact global price pressures. CopyTrading on LimeFx 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. LimeFx accepts deposits from Malaysian banks and allows withdrawals to all Malaysian banks. You can also deposit via cards, e-wallets and cryptocurrencies.
LimeFx (LimeFxFX) only charges variable spreads for currency trading. There is no commission or any other charge except for their spreads. For example, if you are trading EUR/USD, the spread typically is around 1 pip under MT4 account. The broker’s Islamic accounts, free from commissions or swaps, ensure no interest rates are involved. Since LimeFxFX doesn’t engage in options, forward, or futures trading, it adheres to the Islamic finance principle prohibiting gharar. LimeFxFX is a privately owned financial services provider based in the Island nation of St Vincent and Grenadines.
LimeFx MT4 – The trading platform that is available for this type of account is MetaTrader 4. 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. LimeFx offers a variety of deposit and withdrawal methods for traders in Malaysia. If you are trading 1 standard lot (100,000 units), you will pay USD 10 in spread to LimeFx under this assumption.
They offer spread-only accounts and offer commission-free trading on all tradable instruments. Demo accounts are available for new traders on LimeFx to help them understand the trading platform https://limefx.biz/ before they open a live account and put in their money. Tradeable instruments on this account are currency pairs, and CFDs on energies, metals, cryptocurrencies, and 4 indices.
LimeFxFX offers 3 options for 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 LimeFxFX exclusively available for demo accounts.
The broker offers automatic Islamic account with no swap fees and no commissions are charged on trades. Additionally, LimeFxFX maintains rigorous security standards, including segregated accounts and negative balance protection, to ensure global compliance. The broker’s policy of matching payment details for deposits and withdrawals effectively deters unauthorized third-party withdrawals. LimeFxFX’s state-of-the-art 3D secure technology for credit and debit card transactions adds an extra layer of security for Visa transactions. Clients who wish to deposit and withdraw through cryptocurrency and local bank transfer will also find LimeFxFX very useful.