LimeFX offers support for an average number of trading platforms compared to other brokers. For all intents and purposes, the SVGFSA is not considered a forex broker regulator and applies no supervision of any CFD trading-related activities. Malaysian clients must rely solely on the reputation of LimeFX, as no additional measures exist to limefx website ensure client protection. However, in a show of good faith, LimeFX segregates all funds from the company’s operating capital at top-tier banks, and it offers negative balance protection to all its clients. In addition to the MetaTrader 4 and Metatrader 5 platforms, LimeFX also offers a user-friendly proprietary copy trading platform.
- Central to that process is the evaluation of the broker’s reliability, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review.
- All applications and their contents are supported in more than eight languages and are regularly updated.
- I have ECN account with this broker, I opened it a few months ago, so far they seem nice.
LimeFX offers a limited number of payment methods, and while LimeFX charges no commissions on deposits, it charges fees for most withdrawal methods. As you can see from the table above, trading costs on the ECN Account are significantly lower than those on the Classic and Cent Accounts. However, these costs are still above those of other good brokers, which have a trading costs of 9 USD per lot traded.
Traders receive independent market news and analysis from third-party provider, Claws & Horns. Available for free to all LimeFX clients, Claws & Horns provides fundamental and technical analysis, video reviews, and various signals. It also provides recommendations for trade opening with entry/exit points that are updated throughout the day, which are intended for medium-term trading strategies. LimeFX offers a discounted VPS (Virtual Private Server) service on the MT4 and MT5 platforms. VPS hosting allows traders to run automated algorithmic strategies, including expert advisors 24 hours a day 7 days a week on a virtual machine.
is a very specialized online trading brokerage as they primarily facilitate the
trading of forex with a wide selection of currency pairs. The Cent and Classic accounts are commission-free, but spreads are wide, starting 1.9 pips (EUR/USD) on the Classic Account, and 3.0 pips (EUR/USD) on the Cent Account. Traders can also trade in micro-lots (smaller trade volumes) on the Cent Account, perfect for beginners who are starting out in the Forex trading space.
LimeFX has a rating of 4.08 stars from 24 reviews, indicating that most customers are generally satisfied with their purchases. Get market execution and no-requotes with a Classic or an ECN account. Diversify your investments across a wide range of asset classes. Trade Forex as well as CFDs on precious metals, oil and world indices from a low $50 initial deposit with LiteFinance (formerly LimeFX).
Traders are charged a fee of 15 USD per month to use the service. LimeFX offers an automatic withdrawal feature that enables traders to withdraw funds up to 100 USD per day within 24 hours, which is available on Skrill, Perfect Money, and Neteller. Note that withdrawal requests are processed manually by the Financial Department during https://limefx.group/ its working hours and are processed within one working day of the date of submission. Bank wire transfers can take up to five working days to be processed, depending on the sender’s and beneficiary’s banks’ operation speed. LimeFX also allows local bank transfers from Malaysian banks, including MayBank, CIMB Bank, and Affin Bank.
What is the minimum deposit to open an account with LimeFX?
LimeFX‘s mobile trading platforms are average compared to other similar brokers. It offers mobile versions of MT4 and MT5, but no proprietary mobile trading solutions. LimeFX does not charge any fees for deposits and charges no inactivity fees, but charges fees on some withdrawal methods. For example, it charges a fee of 3% for withdrawing via debit/credit cards and a commission of 2% for withdrawing by bank transfer (click here for more on deposits and withdrawals). Overall, these withdrawal fees are higher than other similar brokers.
LimeFX is based in the Marshall Islands, they are licensed and regulated in
accordance with the Marshall Islands Business Corporation Act. Therefore, the
brokerage is trusted to provide safe, secure, and transparent online trading
services and has been doing so for over 13 years. Download MetaTrader 4 trading platform for your smartphone or computer and get access to the Forex market from wherever in the world.
Lists Featuring This Company
MetaTrader 4 is suited for all types of LiteFinance accounts. I have ECN account with this broker, I opened it a few months ago, so far they seem nice. All my entries and orders were executed without
Delays and any problems.
There are several other international brokers operating in Malaysia now who offer accounts based in MYR, allowing Malaysian traders to avoid paying conversion fees when making deposits and withdrawals. LimeFX demo accounts provide the opportunity for traders to trade virtual money under real market conditions. Demo accounts are free of charge and allow beginner traders to refine trading strategies using MetaTrader platforms.
LimeFX is an excellent trading brokerage
that accomodates traders of all experience levels and is very reputable in the
online trading industry. The brokerage has been awarded various awards by
multiple online financial publications for their level of trading services and
customer care and support. LimeFX features a live demo account for traders
to practice on and awards new traders with a bonus up to 50% for depositing
funds. In general, experienced traders tend to prefer accounts with higher minimum deposits and tighter spreads. Again, at LimeFX this trade-off does not occur as all three accounts have low minimum deposits and higher than average trading costs, making them unappealing to experienced traders.