They also have separation of funds and anti-money laundering policies in place. We have reviewed the available methods to connect with the customer support staff at LimeFxFX. The link will redirect you to the account form where you will need to enter country, city, address, and date of birth. Clients must note that all the details in the account opening form should match with the details on their documents. The FSA of St. Vincent and Grenadines follows the guidelines and regimes of St Vincent and Grenadines.
LimeFx 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. LimeFx is relatively less regulated than other comparable brokers and holds licenses from Tier-2 CySEC and Offshore regulator St. Vincent & Grenadine authorities.
- Multiple factors, including significant economic and geopolitical events and financial indicators, influence price movements in foreign exchange.
- Tradeable instruments on this account are currency pairs, and CFDs on energies, metals, cryptocurrencies, and 4 indices.
- Arbitrage strategies carry along with them latency abuse, price manipulation, and time manipulation.
- Conversely, LimeFx operates under licenses from CySEC and Australia’s ASIC, and Exness holds numerous licenses, from the UK’s FCA to the FSCA in South Africa.
LimeFxFX does not offer zero spread and commission-based trading accounts. Scalpers and high-volume traders who seek to trade CFDs with little or no spread won’t find https://limefx.club/ LimeFxFX useful. It provides commission-free access to financial markets and an array of other services that have been utilized by clients from 150 countries.
Beginners in forex trading must use the demo account for a few weeks to learn the terminologies and strategies of trading. The features, services, and trading conditions are nearly similar for both account types. Both the account types can be chosen either with USD or EUR as the base currency. LimeFxFX can be chosen to trade CFDs in Malaysia but the clients are registered under offshore regulation. The third-party risk of choosing LimeFxFX in Malaysia is higher than all the top-tier regulated CFD brokers in Malaysia.
You have no real account to deposit
National unity governments are typically formed during times of war or other national emergencies. We recommend you can try the broker after researching their site and chatting to with support to answer any questions you may have. The number of tradable instruments on LimeFx is few, which means they may not have some instruments that you want to trade.
It has a one-step login and can be linked with online tools and plugins. Offline learning events are great for networking and learning right on the spot from professionals, but what if you can’t attend offline or don’t want to wait for the nearest event? At LimeFx, we strive to support our traders at all times, which is why we provide a wide range of free online learning materials. One of the event highlights was an opportunity for each participant to discuss their own trading-related questions with expert traders and receive personalised consultation on their strategy. The event also included multiple coffee breaks so that participants could discuss their trading experience over a cup of coffee and enjoy tasty snacks to recharge their batteries.
Global Inflation Rate
We partnered with Ezone Constantine, a professional investor and trader in the stock and Forex market, to conduct the workshop. Ezone is a Certified Financial Technician (CFTe) in the U.S. and a Full Member of the Society of Technical Analysts (MSTA) in the U.K. LimeFxFX Malaysia beginner traders can start by reading the easy-to-use learning materials on the website. These materials are designed to assist beginners to learn the basics of forex trading and begin their trading journey on the right path. LimeFxFX has been listed on Bank Negara Malaysia’s (BNM) Financial Consumer Alert List (FCA), alongside an array of other brokers. On January 13th 2023 in Kuala Lumpur, Malaysia Media OutReach will reflect upon the events of 2022 that shaped our world and how financial markets responded.
How to Open Account at LimeFx Malaysia?
This is not the lowest spread for majors as there are brokers with lower spreads, but for traders who prefer straightforward model of spreads for trade, this fees structure works okay. When you trade with LimeFx, it is at your own risk, because they are not regulated in Malaysia. Compared to other brokers, LimeFx offers a limited range of instruments including 28 currency pairs & 10+ CFDs on commodities, cryptocurrencies, and indices. Some scholars argue that Forex spot trading, involving real-time currency exchange, is allowed under Islamic law.
The reason is that obtaining a local license could drastically impact their trading conditions, losing their competitive advantage over international brokers. Additionally, the Securities Commission Malaysia (SC) also included them on its Investor Alert List. The events of 2022 caused global shockwaves, especially in the financial markets.
As of 25th October 2022, according to Bank Negara Malaysia, BNM, LimeFxFX is listed on its Financial Consumer Alert List, (FCA List). The FCA list creates awareness among consumers regarding entities that are wrongly perceived as being approved or licensed by BNM, the Central Bank of Malaysia. But if global statistics and reviews on Trustpilot are anything limefx scam to go by, then LimeFxFX is truly a trusted brand world over. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. As an international broker, it’s capable of serving clients from the majority of jurisdictions across the globe, a fact substantiated by LimeFxFX’s clientele covering over 180 nations.
This mail will have the link to advance in the account opening process. LimeFxFX 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. The free workshop took place on 24 February 2024 at the Holiday Inn Express conference hall in Kuala Lumpur. Probably you are wondering whether LimeFxFX is legit or a scam.
The 24/7 availability of a live chat window is a major advantage but the absence of local phone support is a limitation of choosing LimeFxFX in Malaysia. The customer support service plays an important role whenever clients face queries while trading. The quality and diligence of support services must be checked before opening the account. Forex trading, like any other skill, requires patience and consistency. The amount of information on the topic can feel overwhelming, especially for beginners. LimeFxFX has also developed a trading app to maximize its customer base thanks to the growing population of smartphone users.
LimeFxFX Malaysia 2023 Outlook
Recommended deposit amount for MT4 Account is also USD100 and you also have negative balance protection. Read our guides on how you can get started with forex trading. Plus, refer to our broker comparison lists for finding trusted forex brokers. Traders from Malaysia are registered under ‘LimeFx Markets Incorporated’, which is registered offshore.
Finally, each participant got an LimeFx merch pack and had a chance to receive other gifts by participating in quizzes. Open or create an account through their user-friendly platform. Once you open your account, you will get a registration email sharing all the details you need for your account.
