Home Forex Trading LimeFx trading app Apps on Google Play

LimeFx trading app Apps on Google Play

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Traders need to separately download the MT4 or MT5 trading application from the play store or app store and link it with the live trading account at LimeFxFX. Founded in 2011, LimeFx holds a regulatory license in Europe via its Cyprus-based entity – LimeFx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, LimeFx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). There is a very high degree of risk involved in trading securities.

  1. LimeFx holds just one Tier-1 license and one Tier-2 license, resulting in a grade of “Average Risk” within the ForexBrokers.com Trust Score rating system.
  2. Read our full explanation and accounting of our research and testing process to learn more about how we test.
  3. LimeFxFX offers a variety of bonus offerings for Malaysian clients.
  4. LimeFxFX can be chosen to trade CFDs in Malaysia but the clients are registered under offshore regulation.
  5. FSA is responsible to the Ministry of Finance and Government of St Vincent and Grenadines.

Read our full explanation and accounting of our research and testing process to learn more about how we test. The following table https://limefx.name/ summarizes the products available to LimeFx clients. Use our country selector tool to view available brokers in your country.

The LimeFxFX demo trading account is useful for beginners to gain experience of trading forex and CFDs. Beginners in forex trading must use the demo account for a few weeks to learn the terminologies and strategies of trading. LimeFxFX is an offshore regulated CFD broker that allows low-cost trading across various financial instruments. The official website and application of LimeFxFX are also available in Malay language. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.

Aplikasi LimeFxFx

They are not regulated by any top-tier regulatory authorities like FCA, FSCA, or ASIC. 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. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), LimeFx’s lack of additional reputable licenses heavily weighs down its Trust Score.

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Its growth has enabled LimeFx to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. Founded in 2011, LimeFx (formerly LimeFxFX) is part of a group of global entities, which include LimeFx Markets LTD (based in the island of Mwali) and LimeFx Markets Cyprus Ltd (based in Cyprus). LimeFx also provides financial services through its intermediary, Orinoco Capital (based in South Africa). LimeFx does have a proprietary app for social copy trading (the LimeFx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo.

Available Instruments

That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. Local bank transfers are the best method to deposit and withdraw at LimeFxFX in Malaysia. No commission is charged for any of the methods chosen for deposits and withdrawal. However, a fee for the deposit or withdrawal may be charged by the financial service provider which is executing the transaction such as your bank or a payment service.

The confirmation is generally done within 1-3 hours but can also take up to 24 hours. The link will redirect you to the account form where you will need to enter country, city, address, and date of birth. Clients must note that all the details in the account opening form should match with the details on their documents. We have thoroughly analyzed every component of LimeFxFX to provide a comprehensive and honest review of LimeFxFX.

For currency pairs, one standard lot has 100,000 units of the base currency. A decent number of financial instruments are available to trade at LimeFxFX limefx scam in Malaysia. Clients must note that all the available financial instruments at LimeFxFX are traded in the form of a Contract for Deposit (CFD).

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