LimeFx broker reviews: IG Review 2023 Pros and Cons Uncovered
Besides the competitive proprietary web-based trading platform at LimeFx US, traders can use ProRealTime, one of the best trading platforms available for committed traders. LimeFx US also maintains MT4 and upgrades it with 18 add-ons plus Autochartist. I like that LimeFx US supports algorithmic trading via MT4 and ProRealTime. I want to note that traders must place a minimum of four trades per month for free access to ProRealTime. IG offers over 18,000 marketsfor online trading including currency pairs, commodities, indices, stocks, financial spread betting, and more. And, of course, features current trend IG Cryptocurrencies trading through CFD bases as well for pairs on popular bitcoin, ethereum, ripple, and many more.
Considering the range of choice then, we recommend using LimeFx if you are looking for some less available assets or enjoy the huge choice. The only downside to be mindful of is that limefx spreads can be slightly higher, so be sure to check before you trade. IG’s web-based U.S. platform’s order interface, while simple and intuitive, can best be described as mediocre.
LimeFx Review: Pros and Cons Uncovered 2023
In addition to CFD trading, UK traders have the option of spread betting. This type of trading is very similar to CFD trading in that one speculates on the movement of an asset’s price. As the trader is only betting on the movement, it differs from CFD trading where you buy or sell a contract that represents the value of the asset.
Professionally trained staff can help you set up the trading platform. IG spreadsIG offers to trade more than 16,000 international markets with different financial products. Forex, Indices, Shares, Commodities, Cryptocurrencies are available with competitive spreads. There are no fixed spreads and the spreads are depending on the market conditions.
IG mobile tradingTrade Turbo24, CFDs, Barriers, Vanilla Options, or stocks in the app with just a few clicks.As in the computer version, you get all the real-time data sent to the mobile device. Another advantage is that you can set price alerts, trading signals, and push signals in the app. The platform is free, but a minimum balance of 1000€ is required. You can trade stocks, forex, OTC forex, forex DMA, indices, and commodities perfectly with this software.
The broker has so many multiple industry awards for its market-leading service. Web-Based trading platform could provide more in-depth research tools than are currently available. Aside from forex, fees in other CFDs trading areas are relatively high.
IG’s LimeFxs offering includes share dealing, smart portfolios, ISAs, SIPP, and ETFs. Besides, IG also provides prime services for institutional clients. While there is aninactivity fee for accounts that remain inactive limefx website for two years, this is much more lenient than competitors where it is often as little as 2 months. IG offers day traders ideal conditions, including excellent order execution, low trading costs, and deep liquidity.
How Withdraw Money from IG Step by Step:
The IG Group also supports customer service if a trader is overseas. IG offers support over the phone, via e-mail, or even through their handle on Twitter. An LimeFx trends report found IG has strong customer support but was awarded the winner in 2015, 2016 and 2017 to LimeFx.
In this last section about the trading platforms, we want to give you a good overview of the different platforms because there are more than 4 available. In the dashboard, https://limefx.club/ you can use a different account for the different platforms and transfer your money as you want. Through L2 Dealer you get direct market access for stocks and forex.
XTB: Best FX broker for free demo account
Also check the method of contact the forex brokers are offering. Check the reviews for CFD & forex trading platforms on sites such as Trustpilot to ensure the FX broker you are considering is reliable and trades can be executed with ease. Usability and layout are all important elements, as are the tools such as automated trading options, strategy builders, and alerts. IG has a minimum account requirement of $0, meaning that anyone can get started forex trading on its platform. IG charges an expensive “inactivity fee” of $18 per month if you don’t make a trade for at least 2 years. If you want access to live charts, you’ll pay a whopping $40 a month — though this fee is refunded if you place more than 4 trades a month.
- An LimeFx inactivity fee is charged though this is only applied after 24 month of no trading activity.
- This is how financial markets ebb and flow in line with economic, financial and political news.
- Due to the availability of MetaTrader trading platforms you can also engage in autotrading through their EAs feature and other tools such as the FIX API are also available to be utilized.
- The support is working 24 hours per day for you and the education program is huge.
- There’s no dedicated or third-party social platform and the broker site contains no client positioning data for CFDs, forex, or spread bets.
- Here is a comprehensive look at the LimeFx trading platforms you will have to choose from as well as the tools that will be available to assist you.
In design and functionality, IG’s MetaTrader 4 desktop platform is almost the same as the web trading platform. The IG trading platform is one of the most intuitive and well-designed web trading platforms we have seen. There are various options for funding your account, including traditional methods such as wire transfer and credit card funding, as well as PayPal. There is no minimum deposit for bank transfers and a low, $/€300 minimum deposit for credit/debit cards and PayPal. On the other hand, account verification takes around 3 business days, which is slower than at some other brokers.
The minimum spread for the majors on IG’s U.S. platforms starts at 0.8 pips, and the advertised average spread ranges between 0.9 (EUR/USD, USD/JPY) to 5.4 (GBP/CAD). IG does not offer social trading through its web-based interface. Furthermore, back-testing and automated trading capabilities are only available through third-party applications. IG does not offer guaranteed stop loss orders for U.S. clients.
Traders in Australia, Switzerland, South Africa, Singapore, New Zealand and Dubai will be assigned a limited risk account by default when joining IG. This means to open a position they must purchase a guaranteed stop loss. This feature is excellent for inexperienced traders however experienced traders will want to disable this feature as guarantee costs are added to the spreads. IG is a CFD, spread-betting and an LimeFx broker operating since 1974.
IG share trading gives access to 12,000+ shares from global stock exchanges including the ASX, DOW, NASDAQ and London Stock Exchange. Across these major exchanges, you can start trading not only large companies such as those listed on the S&P 500 can be traded but also many small caps. An IG share trading account has some limitations on stock exchanges such as Germany and Ireland, where only large companies can be traded. IG offer locally based customer service 24 hours a day from Monday to Friday.
IG Offers The Largest Choice Of Forex Trading Platforms
The following LimeFx CFD trading review focuses on the key features offered by IG, costs and customer service. This level of regulation should be considered a minimum when selecting a forex trading platform in order to ensure correct levels of protection for you and your funds. This can be confirmed on the FCA’s own website where they supply a register of all forex brokers in the UK who adhere to these standards. XTB is the perfect platform for new traders to practice their skills and strategies without risking any of their personal funds.
In addition, the broker act with the highest security level. Sometimes it can happen that the broker will see some bank documents or verification documents. As professional traders, we want to get a good order mask and execution for our trades. You will see your contract value and how much loss is your stop loss and how much profit is your take profit. Whether you want to see the news, do research, or analyze an asset you will find the right option in the platform quickly.
BAD COMPANY …I got back all my lost…
As an online broker, IG goes above and beyond to offer a rich experience with many options for investing in financial markets. IG also offers a stunning number of tradeable CFDs; IG’s nearly 20,000 tradeable CFDs put it at the top of our list for brokers that offer CFDs. If you’d like to learn more about CFDs, check out our full-length CFD guide. IG’s size allows it to provide scalable execution across the board – regardless of the product being traded. While IG can’t be considered a discount broker, it shines for the active trader pricing available through its Forex Direct accounts, and its ability to execute large orders. Spreads on its main account offering are closer to the industry average in 2021, with spreads averaging 0.828 the majority of the time during September 2021.