Overall, we believe it is moderate to high risk to trade forex & CFDs with LimeFX 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 limefx courses scam is 2.1 pips.

1. No commission is charged for any of the methods chosen for deposits and withdrawal.
2. It is good practice to deal with these and any who are also ESMA compliant for the most trusted experience and to avoid offshore regulated or non-regulated brokers where you can.
3. The availability of instruments depends on the type of account that is being used.
4. 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.

Best Forex Brokers in Malaysia for 2024

Create and manage trading accounts, deposit and withdraw funds, and engage in swap-free trading right from your mobile device with our official LimeFX broker app. If you are unsure or interested to learn more about this topic, you can read our best Islamic forex brokers guide for more information. Always try to choose a regulated forex broker like any of the top brokers listed above.

The broker offers an intuitive interface that is easy to navigate, making it accessible to traders of all experience levels. Whether you are a beginner just starting or an experienced trader looking for advanced tools, LimeFX’s platform caters to all your needs. Moreover, LimeFX Malaysia is regulated by reputable financial authorities, further solidifying its position as a credible broker. This regulatory oversight ensures that the broker adheres to strict guidelines, safeguarding the interests of its clients.

LimeFX Trading Platforms

However, the LimeFXTrader is not available for real accounts and will not provide the experience of the MT4 or MT5 live trading platform. The pricing structure of both the account types is the same as the trading fee is built into spreads. The two account types are mainly separated on the basis of supported trading platforms. LimeFX is a forex broker that offers competitive spreads, flexible leverage, and copy trading. They offer forex trading and CFDs on indices, cryptos, metals, and energies through MT4 and MT5 platforms. The overall fees are low for most Forex pairs & CFD instruments, and there are methods for local deposits & withdrawals in Malaysia.

LimeFX Malaysia Review 2024

Pepperstone is a global forex and CFD broker founded in 2010 in Melbourne, Australia. Pepperstone offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader and cTrader platforms. Pepperstone is regulated by multiple authorities including ASIC, FCA, and CySEC. Pepperstone is known for competitive spreads, fast execution, and extensive educational resources. Pepperstone serves clients in over 160 countries worldwide. LimeFX, formerly known as HotForex, is a global multi-asset broker founded in 2010.

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, limefx review indicators, and patterns. MT5 is preferred by algorithmic traders and experienced traders.

The broker also publishes free educational and analytical content, ranging from entry-level articles on trading to in-depth research and analysis of popular financial instruments and markets. LimeFX is a good broker for Malaysian traders since it offers its services in Melayu and also offers Islamic accounts. Even though the broker is not regulated by any top-tier financial regulators, it has a strong reputation and long track record.

However, it’s important to do your own research and practice with the demo account before trading with real money. If there is any negative balance from an unsuccessful position, the account is reset back to zero balance. 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. Compared to other CFD brokers, LimeFX offers a limited number of currency pairs for trading.

Overall, LimeFX is among the most cost-effective broker to trade CFDs in Malaysia. No swaps fees are applicable on the MT5 account and MT4 swaps are lower than many CFD brokers in Malaysia. Although there are not any forex brokers officially regulated by the SCM as of yet, this may well be possible in the future.