Although this comes at the expense of higher third-party risk. LimeFX is safe to trade due to FSASVG regulation but it is riskier than top-tier regulated CFD brokers in Malaysia. 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.
No swaps fees are applicable on the MT5 account and MT4 swaps are lower than many CFD brokers in Malaysia. LimeFX 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. Evidently, LimeFX has stopped working with all of those celebrities, as there haven’t been any new promotional activities with them for quite a long time now. As for now, no new Malaysian influencers are working with the broker.
Can I withdraw money from LimeFX?
This often results in clients turning to brokers with a more diverse range of instruments, better conditions, a copy trading service and appealing promotional offers. Those are most usually international brokers providing Forex trading services. Clients who wish to deposit and withdraw through cryptocurrency and local bank transfer will also find LimeFX very useful.
How Did LimeFX (And Other Brokers) Get Into The Alert Lists?
Clients residing in Malaysia can deposit and withdraw through credit/debit cards, e-wallets, and cryptocurrency wallets. LimeFX does not charge any fee for deposits or withdrawals in Malaysia. MT4 is the most widely used desktop trading platform with a very basic interface that looks similar to Windows 98. MT4 was launched in 2005 and is still used by a lot of traders globally.
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. The trading platform is where traders will spend most of their time trading forex and CFDs online.
- It has a one-step login and can be linked with online tools and plugins.
- The first step is to enter your name, email address, and choose a password.
- They are not regulated by any top-tier regulatory authority.
- Apart from MT4 and MT5, no other trading application is supported at LimeFX.
Review Aplikasi Pluang Kelebihan Kekurangan…
After logging in, clients will have the option to open a real and demo account. 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 LimeFX.After completing the first step, a mail will be sent to your registered email address. This mail will have the link to advance in the account opening process. Overall, LimeFX is among the most cost-effective broker to trade CFDs in Malaysia.
Just like LimeFX, other international brokers, such as LimeFX and LimeFX, are also included in the lists. However, none of them are licensed by the Securities Commission or Bank limefx broker reviews Negara. LimeFX is a privately owned financial services provider based in the Island nation of St Vincent and Grenadines. LimeFX offers CFD trading services in various countries of the world. Yes, LimeFX allows withdrawal of funds through multiple methods.
A decent number of financial instruments are available to trade at LimeFX in Malaysia. Clients must note that all the available financial instruments at LimeFX are traded in the form of a Contract for limefx forex broker Deposit (CFD). We have thoroughly analyzed every component of LimeFX to provide a comprehensive and honest review of LimeFX. This review has been done specifically for Malaysian traders. As an international broker, it can accept clients from most jurisdictions worldwide, which is proved by the fact that LimeFX has clients in more than 180 countries. Bank Negara Malaysia (BNM) added LimeFX to the Financial Consumer Alert List (FCA) along with several other brokers.