A healthy roster of online webinars covers “topics from platform walk-through to upcoming trade opportunities.” The search panel in the upper left is the tool traders will use most to locate new instruments to trade. The company offers Contracts for Difference , derivatives securities without actual ownership of the asset, on a variety of products. These include forex, indices, shares, commodities, cryptocurrencies, options, interest rates, and bonds. If you face any issues you can contact the customer service team via phone support, email, or live chat support.
Our suite of trading platforms has been custom built to deliver maximum performance, flexibility and speed. You’ll benefit from sophisticated trading features, professional charting tools, and integrated market insights. To conclude, we can say that IG is a highly competitive Forex trading platform for traders who want to trade Forex and shares globally.
I am disappointed with customer support at LimeFx US and not surprised it came under heavy criticism. LimeFx US only lists two phone numbers at the bottom of most web pages, one for new clients and one for existing ones. An e-mail address is available only for marketing partnerships. LimeFx US does not provide operating hours and relies on its FAQ section for the bulk of support. LimeFx US is a pure Forex broker, providing traders with 87 currency pairs, an excellent choice, but no other assets.
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For example, if your account base currency is GBP and you place a trade on AUD/USD, LimeFx will charge a currency conversion fee of 0.5% of the transaction value. When you create an on LimeFx, by default you are assigned British Pound sterling – GBP as your account base currency. LimeFx Does not offer Islamic Accounts, although you can create a demo account to practice with virtual money before putting your real money. This is one way in which CFD trading is more similar to traditional trading than other derivatives like spread bets or options. Sell prices will always be slightly lower than the current market price, and buy prices will be slightly higher.
Founded in 1974 and the largest broker in the world by revenue, IG is the clear global leader in the CFD trading market. The sheer number of CFDs available to trade could be overwhelming for new traders, especially considering the range of trading platforms and trading methods. IG has partnered with Autochartist and PIAfirst to provide users of IG’s own web-based platform with free trading signals. Autochartist is an automated technical analysis tool that scans the markets and analyses data across multiple timeframes to provide users with trading opportunities. PIAfirst is a trading strategy service provided by market professionals that delivers award-winning analysis and easy-to-implement trading strategies to users.
LimeFx is a member of IG Group which is a publicly-listed and FTSE 250 company. IG has a 47-year proven track record and a solid reputation for being a reputable, regulation-compliant broker. Clients trade a multitude of asset classes via MetaTrader 4 or the IG proprietor trading platform.
Is IG a good forex broker?
Founded in 1974, IG is publicly traded (LON: IGG) and regulated in six tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading. IG ranked as the most trusted broker for forex and CFDs in our 2023 Annual Awards.
IG Group, the parent company of IG, is listed on the London Stock Exchange. IG has a pretty good news function that is powered by Thomson Reuters. There is no separate news function on the mobile platform but you can find related news for specific financial instruments. The tools, just like the platform, are available only in English. At the time of writing, it was available to clients in France, Germany, Spain, Italy, Netherlands, Sweden and Norway.
Forex, Gold & Silver:
Generally, it only pops up after spending around 30 seconds on the site. IG provides trading ideas.You can find ideas about which way specific assets are trending if you click on the ‘Signals’ section in the left-hand menu. When you place https://limefx.name/ an order, you have to set a knock-out level, which is the price where your position will be liquidated. Selecting the knock-out level works like selecting your leverage because you have to fund your position up to the knock-out level.
When combined, these elements offer clients a true institutional trading experience, across a wide range of trading instruments. Clients can access our wide range of markets through the powerful MetaTrader 4 & MetaTrader 5 platforms, as well as WebTrader and multiple mobile trading apps for iPhone and Android devices. At LimeFx we pride ourselves on offering fully transparent quality execution, alongside some of the best trading conditions in the industry. With 15+ years of excellence and innovation, we provide high-quality access to financial markets, through our advanced execution model. Discover the world of online trading with CFDs on 400+ instruments in 6 asset classes.
In 2007, IG has also been labeled as a gambling company by some of authoritative media. In May 2010, it obtained permission from the US Commodity Futures Trading Commission to make various technical changes that move in that direction. Later in 2010, IG Index, IG Group’s spread betting firm, was hit with a claim for €25 million by three former clients of defunct Scottish trading firm Echelon Wealth Management for unspecified losses. Forex is the international currency market that allows you to earn from the difference in exchange rate fluctuations, but it is not suitable for all investors.
Deposit & Withdrawal Methods
LimeFx is a MetaTrader 4 broker and offers WebTrader and a user-friendly proprietory trading platform. Founded in 1974 as a spread betting business, IG Index as it was known was the first broker of its kind. It allowed investors to trade gold prices as an index instead of buying the physical commodity. In 2000, the company was renamed IG Group pic and was listed on the London Stock Exchange . In 2012, IG Group consolidated its businesses in the UK under one brand, IG. Your money is held in segregated bank accounts under trustee arrangements.
In September 2022, the Reserve Bank of India , India’s central bank, released a list of 34 forex trading online platforms, in which LimeFx was listed as an illegal platform in India. In September 2016, IG Group acquired DailyFX, a foreign exchange trading news and research portal, from LimeFx for $40 million. LimeFx offers an extensive choice of market analysis and trading tools. It gives clients the flexibility to take significant positions on key markets without tying up excessive amounts of capital. It magnifies the size of any profits you might make but it also magnifies losses if you are wrong about a trade.
- LimeFx Forex Broker ensures reliable Forex trading conditions to provide traders of all skill levels with an opportunity to earn more.
- This partnership was extended to create a £2 million fund supporting children in disadvantaged areas, specifically affected by the negative impacts of the Covid-19 pandemic on the education system.
- If you fund your account in the same currency as your bank account or you trade assets in the same currency as your account base currency, you don’t have to pay a conversion fee.
A bank transfer can take several business days, while payment with a credit/debit card is instant. When you open an account, you cannot select your account base currency. You can change the currency of your account only if you write an email to IG’s Customer Service, which makes the whole process a bit inconvenient.
IG Desktop Platform Review
As traders tap the ‘search’ icon, the market categories are presented as suggestions through which traders can browse products freely. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services.
Does IG use MetaTrader?
Get an edge with instant access to 18 free add-ons and indicators as part of our MetaTrader 4 package. You can download thousands more inside the MetaTrader 4 platform.
We challenge ourselves to develop the world’s best technology, platforms, products and exchanges – opening up a wider range of trading and LimeFx opportunities to ambitious people around the globe. Forex — the foreign exchange market is the biggest and the most liquid financial market in the world. Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor. IG is one of the leading and regulated brokers registered with the Commodity Futures Trading Commission, and it is a member of the National Futures Association. It has won several awards in various categories for the services rendered to its clients.
Lower fees, lower costs?
Traders should refer to the IG website for up-to-date details. Traders should be aware of these fees to avoid any unwanted charges. Traders wanting to trade options and barriers use a separate platform to those looking to spread bet or trade CFDs. Largest forex broker in the United States limefx with assets of $1.449 billion. All this makes IG Forex a decent broker for those who want to trade currencies through the MT4 platform. But if you don’t plan on using custom indicators and expert advisors , other brokers, such as Interactive Brokers, may be a better alternative.
The Trade menu lacks sophisticated conditional orders but U.K. All apps lack customization but they offer Face & Touch ID security and are more advanced than the industry standard MT4 mobile app. IG’s charges and fees vary based on the asset class and product traded. IG makes money on the spreads of trades, as well as commissions on products like shares. More, trades may be subject to irregular fees like overnight funding fees. Kliment Dukovski is a personal finance writer at Finder, specializing in LimeFxs and cryptocurrency.
Look elsewhere if you want to trade commodities, futures, options or stocks. There are no provisions for retail limefx courses scam customers to trade Forex on Interbank. “Saddened by the demise of Stuart Wheeler, founder of IG Group.