It is an ideal platform for beginners with a simple interface and easily available trading tools. However, the Lime FxTrader is not available for real accounts and will not provide the experience of the MT4 or MT5 limefx broker reviews live trading platform. With a wide range of trading instruments, user-friendly platforms, and robust customer support, Lime Fx provides an appealing choice for both novice and experienced traders.
MT4 was launched in 2005 and is still used by a lot of traders globally. MT5 is an upgraded version of MT4 with more advanced features, indicators, and patterns. MT5 is preferred by algorithmic traders and experienced traders. Overall, Lime FxFX is among the most cost-effective broker to trade CFDs in Malaysia.
Is Lime FxFX a good broker?
Unlike some brokers who strive to get the next best price for you in this situation, Lime Fx deems this slippage natural and will not bear any responsibility for it. This is because the price deviation (opening/closing) is due to the available liquidity. The next step is to select a Master Trader whose trade you want to copy from the ranking list. 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. CopyTrading on Lime Fx 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.
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However, none of them are licensed by the Securities Commission or Bank Negara. Both BNM and SC state that their alert lists serve as guides for the public to increase awareness of entities that are not licensed or regulated by the institutions. However, it does not indicate that the entity is a scam or a fraud – rather, it simply does not possess the local license. To make money, you will need to make profitable trades on the platform. However, remember that trading involves risk and you can lose your money as well.
You can learn more about the bonus and the rules that apply in the promotions sections of the Lime Fx website. The calculation is based on the maximum margin used by the Master as well as the orders’ lot sizes that the Master places within the last 7 active days. We compiled a summary of the trading fees and non-trading fees on Lime Fx.
However, they recommends a minimum deposit amount of US$100 to enable you place sizable trades. 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. Lime Fx promotions program currently offers a 50% deposit bonus to traders on a minimum deposit amount of $50.
- The account has negative balance protection which means you cannot lose more than your deposits.
- Our team tested the live chat and email support, here is our review.
- Additionally, Lime FxFX maintains rigorous security standards, including segregated accounts and negative balance protection, to ensure global compliance.
- Here, the currency exchange is considered equal, and no interest is involved.
Traders at Lime Fx can choose between MT4 and MT5 web traders for trading through any browser. 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. To open a demo account at Lime FxFX, 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.
Is Lime FxFX a genuine broker or not?
Answer ‘Yes or No’ if you have traded Forex before, then click ‘Continue’. Read this review to know more about the trading conditions at Lime Fx. Over 11 years, it has gained the trust of millions of clients from more than 180 countries. Lime FxFX is obviously a real and well-established international broker which has been working for more than 11 years. Last but not least, Lime Fx Malaysia has an attractive referral program – if you introduce friends or family to the broker, you can win certain rewards based on their trading volumes.
The official website and application of Lime FxFX are also available in Malay language. Everything you need to start trading from beginning to advance level, this website is providing you. Their educational videos are up to the mark and one can learn everything about trading from beginner to advanced levels of Forex Trading.
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Cypriot brokers are also required to send daily reports on open and closed trades to the commission – which ensures that there is no price manipulation. There are no swap fees, inactivity fees, or fees for deposits and withdrawals. Three account types cater to traders with different levels of experience.Spreads are competitive, especially in forex and shares. Lime Fx has also gone above and beyond with its education materials limefx scammers which include live webinars and carefully crafted courses.
Those are most usually international brokers providing Forex trading services. Lime Fx features negative balance protection for all trader’s account types, which means customers cannot lose more than the money they have in their trading account in case a position is not successful. If there is any negative balance from an unsuccessful position, the account is reset back to zero balance.
Here is a summary of payment methods for withdrawals accepted on Lime Fx. Here is a summary of payment methods accepted by Lime Fx for deposits. Lime Fx accepts deposits from Malaysian banks and allows withdrawals to all Malaysian banks. You can also deposit via cards, e-wallets and cryptocurrencies. Withdrawals can only be made to the same account from which the deposit was made, and must be in the account holder’s name. Spreads on this account start from 0.6 pips, you do not pay any commissions on trades, and no swap fees are charged for keeping an open position overnight.
CFDs are derivative instruments in which the price difference is speculated. For currency pairs, one standard lot has 100,000 units of the base currency. 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 Lime FxFX.After completing the first step, a mail will be sent to your registered email address.