Traders can have confidence knowing that their investments are protected and that they are trading with a broker that operates under the supervision of respected regulatory bodies. We partner with investment grade banks and use segregated accounts to ensure security. LimeFX provides a fair and trustworthy trading experience by pioneering a strict no re-quotes and no rejections policy. Please note, some markets may only be available via CFDs or other derivatives.
Also, traders with demo accounts can make use of LimeFX’s 24/5 support and all the broker’s educational materials. LimeFX offers 24-hour support, 5 days a week through email, live chat, phone, and fax. They also have a dedicated FAQ page to help clients search for answers to their questions. LimeFX offers trading services to residents or citizens of more than 200 countries.
Moreover, LimeFX, unlike FXTM, was founded overseas but has made significant inroads in the Australian market. For a deeper dive into the best brokers for Australians, you can check out this detailed review of the Best Forex Brokers In Australia. Both brokers have competitive spreads, but FXTM edges out with slightly tighter spreads on major pairs. For a more detailed comparison on low commissions, you can check out this comprehensive guide on the lowest spread brokers.
Nurturing Traders of All Levels
From my perspective, FXTM stands out as the better choice for UK forex traders. FXTM is FCA regulated, ensuring that UK traders receive the highest standards of protection and security. While both brokers serve the UK market, FXTM offers a more tailored experience for UK traders, with a focus on local needs and preferences.
The broker’s head office is in Limassol, Cyprus, while they also have offices in Athens and Sydney. LimeFX appeals to traders across the world limefx website who can rely on support in their language. The broker’s track record of over 2.4 billion trades executed with no re-quotes or rejections is further motivation for traders to consider this regulated broker.
Tie: Better Trading Platform
Overall, LimeFX’s user-friendly fee structure and competitive spreads make it attractive to traders. With low minimum deposits, tight spreads, plus flexible commission and contract sizes, LimeFX offers the best range of account types with both commission-free and ECN-style pricing available. Although LimeFX’s Zero account is only available to traders based in Europe or the UK, traders outside of this area can still access ECN-like spreads via the broker’s Ultra-Low account. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.
Accounts & Banking
- Demo accounts have no expiry date, but they are closed when not used for 90 days.
- Spread betting is a unique form of trading popular in the UK, allowing traders to bet on the direction of market movements without owning the underlying asset.
- MetaTrader 4 is a popular platform known for its user-friendly interface and advanced charting tools.
- Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
- The indices CFDs offered for trading on the LimeFX platform include cash and futures equity indices.
- I trade forex pairs and stocks, and frankly the costs stemming from my trades are minimal thanks to the low spreads from the broker.Regarding the customer support, they are trully attentive and fast to reply.
As an internationally regulated and licensed broker, LimeFX has more than 3.5 million clients in over 200 countries with access to trading more than 1,000 instruments. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience limefx review covering the forex industry. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.
Platforms & Tools
Not saying that there are no other honest brokers; I am only saying this is one of the honest ones. The broker has about 10M traders using their platform, which says a lot about their honesty. Yet while LimeFX provides a range of features for beginners, it’s worth noting that it lacks a proprietary trading platform explicitly designed for novice traders.