Overall, FXTM offers a standard trading experience thanks to its use of the MT4, MT5, and cTader trading platforms. They do not have a proprietary trading platform of their own, which can be an advantage if you are used to using these third-party platforms. LimeFxFX promotions program currently offers a 50% deposit bonus to traders on a minimum deposit amount of $50.
Withdrawals can only be made to the same account from which the deposit was made, and must be in the account holder’s name. 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 LimeFxFX dashboard which shows your account balance and other information.
- The number of tradable instruments on LimeFxFX is few, which means they may not have some instruments that you want to trade.
- According to our review, the MT5 trading account is a better choice for those who use advanced trading strategies.
- All the background materials are of high quality, and the videos are supported on YouTube.
- In line with this transparent approach, it also provides a range of metrics relating to the performance of its customer support team.
If you’re short on time, or simply lack the confidence to trade Forex, the LimeFx copytrading service could be of interest. Find the most profitable traders to follow, and allocate a percentage of your funds to copy their trades automatically. Review their performance, and either pause or end the copy relationship at any time. LimeFx has a reputation for quick deposits and withdrawals, even though withdrawals are processed manually for added security. LimeFx charges no fees on deposits and will even cover third-party fees, from time to time. Read our guides on how you can get started with forex trading.
The Meta Trader 4
The MT5 account offers a wider range of markets than the MT4 account and there are no swaps. LimeFx Markets Cyprus Ltd is an investment firm registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC) using the domain LimeFxFX.eu. This enables users to trade with a broker under European regulatory oversight with enhanced levels of safeguards.
Here is a summary of payment methods for withdrawals accepted on LimeFxFX. Here is a summary of payment methods accepted by LimeFxFX for deposits. Find a summary of the deposits/withdrawals options on LimeFxFX. The third party risk of choosing LimeFxFX is high in Malaysia but it can be used to trade CFDs. We have reviewed the available methods to connect with the customer support staff at LimeFxFX.
- While researching for a reliable broker, we found that there are multiple other forex brokers with better education and research resources available for beginners.
- It is unclear if it’s illegal for LimeFxFX to work with them only because it is included in the alert lists.
- The MT4 account type is more ideal for habitual traders who prefer to trade with MetaTrader 4 trading platform.
- LimeFxFX does not offer zero spread and commission-based trading accounts.
- Leverage on LimeFxFX depends on the type of account or instrument you are trading.
- LimeFxFX.com supports MetaTrader 4 and 5, two of the world’s most popular trading platforms.
In terms of clients, it has over 900,000 users signed up and clears $4bn of traded volumes every day. The company is not liable for the terms of delivery by post or courier service, or for possible loss of the prize in the course of delivery caused by the third party. The company is not liable for any tax charges that the winners may be due in their jurisdiction (including but not limited to property tax, vehicle tax, road tax, or other fees). The Participant with the numerically lowest sum of places in profit factor and traded volume categories wins. Bank Negara Malaysia (BNM) added LimeFxFX to the Financial Consumer Alert List (FCA) along with several other brokers.
For desktop devices, traders can trade on MT4 and MT5 web traders through their regular web browsers. Web traders are available in more than 20 languages and are highly customisable. The first step is to enter your https://limefx.name/ 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 LimeFxFX.
How Did LimeFxFX (And Other Brokers) Get Into The Alert Lists?
LimeFxFX offers three different kinds of trading accounts and the fees that it charges depend on the type of account. Users have the option of using the MetaTrader 4, MetaTrader 5, or cTrader trading platforms. LimeFxFX is relatively less regulated than other comparable brokers and holds licenses from Tier-2 CySEC and Offshore regulator St. Vincent & Grenadine authorities.
One way in which LimeFx leads the sector is its willingness to share data on its own operations. In line with this transparent approach, it also provides a range of metrics relating to the performance of its customer support team. LimeFxFX provides more information about its operational risk management than it does about its regulatory framework. One suggested improvement is for the site to be more transparent when sharing information regarding regulatory client protection. Account security — in line with the guidelines provided by the better regulators, LimeFx keeps client funds in segregated accounts.
RCG Markets
They offer forex trading and CFDs on indices, cryptos, metals, and energies through MT4 and MT5 platforms. Yes, LimeFxFX can be chosen to trade CFDs in Malaysia as the spreads are low and no swaps are applicable on the MT5 account type. The support services are good through live chat but local phone support is not available in Malaysia.
A lot of brokers consider them mutually exclusive, so only offer one, if any at all. There are two trading platforms to choose from — MT4 and MT5. Spreads can be as tight as 0.0 pips and those who go with the ECN/STP processing option will be provided with exceptional flow quality and reduced slippage. In exceptional cases, money may be paid into the winner’s trading account or bank account to substitute the prize. However, the company will pay out only 60% of the prize’s market price. The Participants compete for each of them for three calendar months.
How to Open Account at LimeFxFX Malaysia?
However, it does not indicate that the entity is a scam or a fraud – rather, it simply does not possess the local license. Our License Checker verifies the validity of EU, UK and UAE broker licenses in near real-time. You can fund your LimeFx account through a bank transfer, Visa or Mastercard payment, the Skrill or Neteller electronic wallets and even crypto-currency. LimeFx accepts Bitcoin, Ethereum, Litecoin, Dogecoin and Tether payments.
You can only add money to a real account
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. The minimum deposit at LimeFxFX Malaysia is $100 with their Micro Metatrader 4 Account. The base currency of all types of accounts can be either EUR or USD for all types of accounts for Malaysian traders. LimeFxFX offers 3 different types of accounts and each of them is suitable for different kinds of traders.
LimeFxFX Review 2023
The choice of trading platforms means users can select the best fit for them. The fact that LimeFx offers an almost institutional-grade trading experience doesn’t mean beginner traders are in any way disadvantaged. Quite the opposite; the firm simply offers reliable, fast, low-cost trade execution using market-leading platforms. Those looking to develop their skill set or improve their trading limefx broker reviews technique can draw on the support on hand, which is designed to cater to beginner intermediate and experienced traders. My mission with TrustedBrokers is to help you find the right broker for you, whether you’re a beginner or a pro. I’ve personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades.