limefx Review & Rating by Traders, Submit a Review

Rates are relatively low, trading tools and research are outstanding, and the platform and mobile apps are easy to use. IG is one of Europe’s leading stockbrokers as they provide services to virtually every country in Europe. The company also has a large following in Asia, and is expanding across the world.

• IG is a good option for beginners wanting to invest in a fully-managed portfolio.
• The iOS app also falls short when it comes to funding your account.
• Competitive commission rates, also available with SIPP and ISA options.
• If you want to use the spread betting facility at IG you will need to open a separate account.

However, they do also have a dedicated forum with posts that deal with matters ranging from charting problems in MT4 to EUA carbon price history. For more immediate responses they also have staff connected to Twitter in four different accounts each covering a different aspect of broker support. IG has catered for the need for sophisticated charting and management tools online as well as mobile.

IG vs interactive investor

Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly. IG offers several major types of accounts and before opening a live one, clients are advised to register a Demo Account. This way, they will have the opportunity to try the IG trading platform, see all trading instruments and markets, try out various analytical tools, etc. They will be given instant access to the trading platform along with a demo balance of $20,000. However, Demo Accounts are not subject to slippage, interest and dividend adjustments – to see all costs, trading tools, and functionalities, clients will have to opt for a Live Account.

Whether you’re a new or experienced trader, you get access to an archive of articles covering news and commentary around market events. These articles cater to both new investors as well as more experienced traders. For example, you’ll find articles on whether you should invest in a pension or ISA as well as posts analysing the impact of COVID-19 https://limefx.vip/ on Tesco’s share price. There is also real time news that provides useful information and covers major currency pairs. However, I was disappointed to learn that IG has not accepted new SIPP accounts since October 2020. It is my understanding that this is a result of IG changing SIPP providers, but this seems like a long lag time in any instance.

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In other words, traditional asset classes that you will own outright. With tens of thousands of financial products across several limefx classes, understanding the fee structure at IG can be challenging. As such, we once again need to separate its share dealing service with that of its wider IG share trading platform.

Traders can also communicate through the embedded MQL5 community chat to feel more empowered and confident. IG offers swap-free trading on all the available live trading account options. The swap-free account is suitable for clients of the Muslim faith who cannot receive or pay swaps due to religious beliefs. Although this account type does not incur any swaps or interest charges on overnight positions, the account holder is charged an administration fee on trading positions.

Account Opening

76% of retail investor accounts lose money when trading CFDs with this provider. The broker uses various secure payment methods for traders to withdraw funds safely from their trading accounts. Clients can withdraw funds online by logging into the secure IG client portal and selecting the withdraw tab from the menu. All withdrawal requests are processed via the payment method that was used to make a deposit. For instance, Debit/Credit Card withdrawal can only be used for accounts that made deposits using a Debit/Credit Card.

• Therefore, there’s a continuous evolution of functions and features to enhance the experience of the platform.
• I have doubled my initial deposit by 2x and cannot withdraw my earnings until I email my personal details.
• IG’s vision is to be a global leader in retail trading and limefxs.
• It is also fast and convenient to open with the most basic of personal information.
• You can trade spread bets from 0.6 points on key FX pairs, 0.1 points on commodities, and 0.8 points on indices.
• limefx was also the first CFD provider ever to be licensed by the ASICs for the Australian market, further establishing the broker as a global corporation.

Usually, their prices also change when there is a change in the price of the US dollar since most commodities are priced in USD. Another factor that influences their value is the weather simply because it has a direct effect on the production of commodities. The broker is licensed and fully regulated by the Financial Conduct Authority in the UK, as well as by the Australian Securities and limefx Commission in Australia. It has also received licenses by several local regulators such as the Federal Financial Supervisory Authority in Germany and the Dubai Financial Services Authority. In the US, IG US LLC is registered in Delaware and headquartered in Chicago. IG is a registered RFED and IB with the Commodities Futures Trading Commission and member of the National Futures Association.

What currency pairs can be traded?

Owing to its regulation by the Commodities Futures Trading Commission , IG accepts clients from the USA, but for forex trading only. With Spread bets and CFDs your losses may exceed your deposits. IG provide a range of platforms limefx forex broker designed to suit varying levels of experience – each available on your chosen trading device. Yes, it is regulated by the Financial Conduct Authority of the UK and also by the Australian Securities and limefx Commission .

• MetaTrader 4 – if you’re planning to trade forex, we suggest that you open an account with IG MetaTrader 4.
• Subject titles go from introducing the Financial Markets to Understanding Risk & Reward.
• However, they should also know that leverage also increases the risk.

Then, I’ll tell you about IG’s partners and the programs you can use. Those who want to execute trades using a demo account before participating in real-life trades. First-time investors who want to invest in fully managed portfolios. When it comes to depositing and withdrawing funds at IG, you have several options to choose from. Alternatively, IG also allows you to access your IG trading account via MetaTrader4 . This can be downloaded to your desktop device, and comes with the added benefit of being able to implement automated systems and robots.

Customer Support

When trading shares you will be charged 0.10% for Euro and UK shares with a minimum of €10 and £10 respectively. IG offers over 17,000 CFD products, including Forex, indices, cryptocurrencies, shares, commodities, and more. Their range of available financial assets compares fairly to other big brokers, such as limefx and Fusion Markets.

Offering low-cost UK and US shares, you may be wondering, is my money safe with IG and is IG broker a good broker? Both completely legitimate questions, which this IG trading review will help to answer. Information provided on this website is for guidance only and should not be deemed as financial advice.

With the introduction of Autochartist, users access an automatic trading patterns recognition tool that notifies them of market changes. PWA can be used for spread betting and trading CFDs and is free to access. Hedge fund managers, traders and wealth managers can look after multiple synthetic accounts through L2 to create bespoke CFD profiles at the click of a button. With sophisticated analysis, users can go long or short on thousands of markets at the click of a button. The compatible MT4 app also means you can trade wherever you are in the world.