Additionally, LimeFX’s educational materials are available in multiple formats, including video tutorials and written guides, ensuring that traders can learn in the way that suits them best. We are a forex broker comparison & education website for traders in Malaysia. But, many traders will find that the instruments that they offer are quite limited compared to other brokers. Also, LimeFX is less well-regulated than comparable brokers and is only regulated by a single Tier – 1 regulator. The overall fees that LimeFX charges are lower than most other brokers, which makes than an attractive choice for traders looking for a low-cost broker. Web Trading Platform – Their web trading platform be used if you want to trade through your internet browser.
OANDA is a CFD Forex trading platform and broker providing small lot sizing, headquartered in New York (USA). CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. The customer support offered through live chat is quick and helpful, and also available in the local language. Although LimeFX is a popular forex broker, but they score low in terms of overall trust score in our research.
Customer Support
LimeFX does not charge any deposit or withdrawal fees which makes it highly attractive to open an account with them. To make money, you will need to make profitable trades on the platform. However, remember that trading limefx involves risk and you can lose your money as well. The customer support of LimeFX is available 24/7 via live chat and email, they respond quickly, and their answers were satisfactory. After every chat and email, the system sends a feedback form, for users to rate the support received with a thumbs-up or thumbs-down, and a space for comments which is optional.
- LimeFX does not offer zero spread and commission-based trading accounts.
- The trading platform is where traders will spend most of their time trading forex and CFDs online.
- For desktop devices, traders can trade on MT4 and MT5 web traders through their regular web browsers.
- Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms.
- This precautionary measure prevents unauthorised third parties from withdrawing funds, even if they gain access to a user’s account.
How do I withdraw money from LimeFX Malaysia?
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 account can be opened with any device and the process is completed within 24 hours in general.
Employ LimeFXTrader platform:made for traders—by traders
Furthermore, LimeFX does not allow the use of arbitrage strategies. Arbitrage strategies carry along with them latency abuse, price manipulation, and time manipulation. If you are found using these strategies, LimeFX might cancel your orders, cancel your profits, close all your trading accounts, and refuse to allow you to open a new one. Also, addition, orders less than 180 seconds can be considered abuse and canceled too. On LimeFX’s website, you can find their execution policy under their ‘customer agreement’ section.
Meet Space—your smart trading guide
The broker is known for its transparent operations, ensuring that traders have peace of mind when conducting transactions. The traders trading with LimeFX (LimeFX) in Malaysia are limefx scammers choosing them at their own risk as they are not regulated. LimeFX offers 3 different types of accounts and each of them is suitable for different kinds of traders. If you are trading 1 standard lot (100,000 units), you will pay USD 10 in spread to LimeFX under this assumption.
They are although regulated under CySEC & FSCA, which are Tier-2 regulators. For example, the spreads on DE40 is 2 pips, which is the lowest compared to other CFD brokers. Other brokers charge more than 20 pips on trading DE30 & DE40. LimeFX (LimeFX) only charges variable spreads for currency trading.
So, if you are trading GBP/USD for example on LimeFXTrader, the typical spreads are 1.2 pips normally intraday during active sessions. You can withdraw as little as MYR 100 or USD 5 on LimeFX, depending on the payment you are using. You can withdraw to your Malaysian bank account, card or e-wallet. Here is a summary of payment methods for withdrawals accepted on LimeFX. Here is a summary of payment methods accepted by LimeFX for deposits.