Trade Forex in the Best Global Broker

This allows especially new traders, known as ‘copiers’ to profit from the knowledge and trading experience of professional Forex traders by automatically copying the trades the Master Traders make. Step 1) To open a trading account on Lime Fx in Malaysia, go to their website homepage at and click on the ‘Open Account’ button, highlighted in blue colour, at the top right side of the home page. 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. The broker’s Islamic accounts, free from commissions or swaps, ensure no interest rates are involved. Since Lime FxFX doesn’t engage in options, forward, or futures trading, it adheres to the Islamic finance principle prohibiting gharar. Some scholars argue that Forex spot trading, involving real-time currency exchange, is allowed under Islamic law.

Masa Depan Dagangan Forex: Lime FxFX

Lime FxFX 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 Lime FxFX useful. The features, services, and trading conditions are nearly similar for both account types.

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According to our review, the MT5 trading account is a better choice for those who use advanced trading strategies. This is also ideal for those who wish to keep their positions open for more than a day. The MT4 account type is more ideal for habitual traders who prefer to trade with MetaTrader 4 trading platform. Here is a break down Lime Fx’s minimum deposits, accepted payment methods in Malaysia, deposit rules, and everything else you should know before you fund your trading journey. They offer spread-only accounts and offer commission-free trading on all tradable instruments.

Trading Platforms

They are processed within 1-3 hours, and may take an additional 30 minutes to transfer the funds. Your card issuer may take a couple more hours to credit your account. Lime Fx is not regulated in Malaysia, and traders are trading at their own risk. They have low spreads, MetaTrader platform, copytrading & good support.

1. Nevertheless, The Securities Commission and Bank Negara are quick to add international brokers to their alert lists.
2. To make money, you will need to make profitable trades on the platform.
3. Read what actual users and industry experts say about us online in broker reviews.
4. Lime FxFX can be chosen to trade CFDs in Malaysia but the clients are registered under offshore regulation.

Furthermore, Lime FxFX employs 3D secure technology for credit limefx broker reviews and debit card processing, which guarantees the transparency and safety of all Visa transactions. Clients who wish to deposit and withdraw through cryptocurrency and local bank transfer will also find Lime FxFX very useful. Although this comes at the expense of higher third-party risk. Lime FxFX 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.

A Forex broker, such as Lime FxFX, plays the role of a middleman, transmitting Forex trades to the broader international market, facilitating traders to profit in mere minutes. The broker, in return, profits from the spread—a small fraction of the difference between the currency buying and selling prices. Usually it takes within 1-3 hours to process the withdrawal (during business days) and another 1 hour to transfer funds. However, the actual time it takes for the funds to reach your bank account or card can depend on external factors like the speed of your bank’s processing or card issuer.

Can I withdraw money from Lime FxFX?

The bonus is not automatic, as clients will have to apply for the bonus after their account is credited with the deposit sum. Tradeable instruments on this account type are currency pairs, and CFDs on energies, metals, cryptocurrencies, stocks, 21 intraday assets and 10 indices. The account has negative balance protection which means you cannot lose more than your deposits.

The broker offers a variety of deposit and withdrawal methods you could choose from – bank wire, MasterCard, Skrill, Neteller, Perfect Money, and various cryptocurrencies. Lime FxFX is a privately owned financial services provider based in the Island nation of St Vincent and Grenadines. Lime FxFX offers CFD trading services in various countries of the world. The desktop trading platforms offer the best trading experience with the best customisation and fastest execution. Both these platforms are developed by MetaQuotes Software for online trading. We have reviewed each component of broker fees that are commonly charged by CFD brokers in Malaysia.

Lime FxFX offers a variety of bonus offerings for Malaysian clients. They constantly roll out contests and giveaways on regular basis to reward the clients. A decent number of financial instruments are available to trade at Lime FxFX in Malaysia. Clients must note that all the available financial instruments at Lime FxFX are traded in the form of a Contract for Deposit (CFD).

Additionally, Lime FxFX adheres to rigorous security protocols, which include segregated accounts and negative balance protection, ensuring compliance with international standards. To enhance safety, the broker requires identical payment details for both deposits and withdrawals. This precautionary measure prevents unauthorised third parties from withdrawing funds, even if they gain access to a user’s account.

Here, the currency exchange is considered equal, and no interest is involved. Forex trading also serves a valid economic purpose, enabling individuals and businesses to protect limefx against currency risks and engage in global trade. Some scholars consider a small, reasonable spread fee for facilitating trade acceptable under Islamic principles. Lime Fx Malaysia charges no withdrawal fees, and the only deposit method for which there is a small fee is PerfectMoney (0.5%). SVG is an offshore zone with no specific regulations in place for forex businesses, but the fact that Lime Fx Malaysia isn’t regulated shouldn’t bother you.

There are two account types at Lime FxFX but both have the same pricing structure. 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.

Here is a comparison of Lime Fx minimum deposit with that of their competitors. As an international broker, it can accept clients from most jurisdictions worldwide, which is proved by the fact that Lime FxFX has clients in more than 180 countries. Traders can withdraw the Lime Fx bonus after they meet a trade volume requirement of half the bonus amount in lots. Some representatives could not answer some questions and referred us to send an email enquiry instead. Some chat agents declined to answer some questions, claiming they could only give such information to registered Lime Fx traders. On Lime Fx’s website, you can find their execution policy under their ‘customer agreement’ section.

The minimum deposit amount is different for each accepted method at Lime FxFX. The trading platform is where traders will spend most of their time trading forex and CFDs online. It is important to comprehend the available features and terminologies available at a trading platform to make better trading decisions. Trading platforms for desktop, mobile and web traders are available at Lime Fx.