Lime FxFX Malaysia Review 2024 Is it safe for your hard earned money?

Not long ago, Lime FxFX partnered with Malaysian educational organisation Ideas Academy to digitalise multiple learning centres for refugees and underprivileged students. Overall, we believe it is moderate to high risk to trade forex & CFDs with Lime Fx if you are a trader based in Malaysia. In short, you will have to pay the variable spreads when you trade. For example, the typical spreads on trading Apple CFD is 2.1 pips.

Their educational videos are up to the mark and one can learn everything about trading from beginner to advanced levels of Forex Trading. However, there are several factors that new investors want to be sure of when entering the financial markets, and one of them is the trustworthy broker. Although Lime Fx 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 leverage that is offered depends on the type of account and the type of instrument that is being traded. For example, the spreads on DE40 is 2 pips, which is the lowest compared to other CFD brokers.

• If you are trading 1 standard lot (100,000 units), you will pay USD 10 in spread to Lime Fx under this assumption.
• The company sponsors charitable and humanitarian initiatives that aim to improve educational infrastructure and support local communities in Malaysia and worldwide.
• Web Trading Platform – Their web trading platform be used if you want to trade through your internet browser.
• This review has been done specifically for Malaysian traders.
• We compiled a summary of the trading fees and non-trading fees on Lime Fx.
• Local team growth supports expanding client base requirements.

Invest with the Best Global Broker Asia 2022

MT4 and MT5 are the two desktop trading platforms at Lime FxFX. Both these platforms are developed by MetaQuotes Software for online trading. Lime FxFX can be chosen to trade CFDs in Malaysia but the clients are registered under offshore regulation. The third-party risk of choosing Lime FxFX in Malaysia is higher than all the top-tier regulated CFD brokers in Malaysia. Yes, Lime Fx offers their services to traders in Malaysia, although the broker is not regulated in Malaysia.

High Leverage

The copier does not need to copy the trades manually, it happens automatically. The Copier can choose to copy the Master Traders trade in equal volume or 2 times the volume of the trade or even three times. Answer ‘Yes or No’ if you have traded Forex before, then click ‘Continue’. We compiled a summary of the trading fees and non-trading fees on Lime Fx.

Does Lime FxFX provide educational resources?

The broker regularly offers deposit bonuses, cashback promotions, and other incentives that can boost your trading capital. These promotions are particularly appealing to traders looking to increase their trading volume and potential profits. Customer support is another area where Lime FxFX excels, making it a top choice for traders in Malaysia. The broker offers 24/7 customer support, ensuring that traders can get assistance whenever needed. Lime FxFX is known for offering some of the most competitive trading conditions in the market. The broker provides tight spreads, which means lower trading costs for its clients.

Shariah-Compliant Accounts

Regular service updates respond to client needs and market changes. Local team growth supports expanding client base requirements. Lime FxFX Malaysia provides forex and CFD trading services since 2011. Operating in Malaysia, the company maintains high standards of trading execution and client support.

• 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.
• MT5 is an upgraded version of MT4 with more advanced features, indicators, and patterns.
• Lime Fx doesn’t impose fees for bank transfers, but again, your bank might have charges for outgoing transactions and incoming transactions.
• Lime Fx Minimum deposit for Malaysian-based traders is RM 100, which is applicable for local bank transfer deposit method and as well as FPX e-wallet.
• Three account types cater to traders with different levels of experience.Spreads are competitive, especially in forex and shares.
• The process normally takes 1 to 3 hours during working days.
• The safety of your deposited funds largely depends on the regulatory compliance of the broker.

This focus on rewarding loyal customers further enhances Lime FxFX’s reputation as a customer-centric broker. We are a forex broker comparison & education website for traders in Malaysia. With Lime Fx, you can trade using your mobile, web browser, or limefx official site desktop regardless of the trading platform. For users who want to trade stock CFDs, you would need to open MT5 account, because you cannot trade stock CFDs on Lime Fx MT4.

It is important to check the regulations and protection while trading online. The safety of your deposited funds largely depends on the regulatory compliance of the broker. We have thoroughly analyzed every component of Lime FxFX to provide a comprehensive and honest review of Lime FxFX. This review has been done specifically for Malaysian traders. FPX e-wallets also requires limefx company reviews RM100, while Visa cards have a minimum deposit amount of $25 and Mastercards is €50. Here is a summary of payment methods accepted by Lime Fx for deposits.

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.