IG is a well-established broker since 1974. IG has headquarters in Australia, China, France, Germany, Ireland, Italy, Japan, Netherlands, Portugal, Singapore, South Africa, Spain, Sweden, United Arab Emirates, United Kingdom and United States. They are generally well-suited for IG to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by CFTC/NFA 0509630 and FCA (UK) 195355.


Company Information

Website
www.ig.com

Established
1974

Country
Australia, China, France, Germany, Ireland, Italy, Japan, Netherlands, Portugal, Singapore, South Africa, Spain, Sweden, United Arab Emirates, United Kingdom and United States

Regulation
CFTC/NFA, 0509630
FCA (UK) 195355

Features

Free education

US traders are welcome

Account Information

Apart from the forex demo account, this broker offers Standard, ECN and Standard (US). To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by IG is up to 1:50. Meanwhile, you can open an account with a starting capital of $1

If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:


pin

Minimum Deposit

$1

pin

Maximum Leverage

1:50

pin

Spread

Variable

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Commission

$3


Minimum Deposit $1

Minimum Position 0.1 lot

Spread Variable

Scalping

Expert Advisors

Pending orders

One-click trading

Browser-based platform

Instruments Traded

Besides lots of currency pair, IG also offers some instruments you would like to trade on, such as Forex, CFD, Oil, Spread betting and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Standard account, IG specifically provides it with the following instruments and leverage:


Forex

Forex
1:33

Spread betting

Spread betting

Cryptocurrencies

Cryptocurrencies
1:2


Minimum Deposit $50000

Minimum Position 0.1 lot

Spread Variable

Scalping

Expert Advisors

Pending orders

Instruments Traded

Besides lots of currency pair, IG also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Spread betting and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for ECN account, IG specifically provides it with the following instruments and leverage:


Forex

Forex
1:33

Gold & silver

Gold & silver
1:20

Spread betting

Spread betting

Cryptocurrencies

Cryptocurrencies
1:2


Minimum Deposit $100

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, IG also offers some instruments you would like to trade on, such as Forex for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Standard (US) account, IG specifically provides it with the following instruments and leverage:


Forex

Forex
1:50

Payment Methods

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

IG also provides payment with Credit/debit cards




Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, IG offers you MetaTrader 4 (Limited with 14 days), PureDeal (Limited with 14 days) and L2 Dealer (Limited with 14 days).

Customer Support

Do you have any question or find any trouble related to IG? If you do, you should reach IG's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Chinese
English
French
German
Italian
Japanese
Portuguese
Spanish
Swedish

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

IG Markets is an online trading provider with decades of experience in the financial market. Founded in 1974, the world-leading company has gathered more than 178,000 clients worldwide with over 16,000 markets reached as of 2019. IG Markets is authorized and regulated by the Australian Securities and Investment Commission (ASIC). It is also important to note that being established in 1974 makes IG Markets one of the forefront online CFD brokers. Their service has expanded to 15 countries across five continents.

Aside from famous for its reliable experience, IG Markets is also known for its truly broad range of trading instruments. In fact, the broker has long been regarded as one of the most accomplished companies in offering the most trading assets to clients. The wide choice of instruments includes forex pairs, 26 indices, over 12,000 shares, hard and soft commodities, cryptocurrencies, as well as other markets such as bonds, rates, and options.

Forex trading in IG Markets is provided in two ways: CFD and DMA (Direct). Here are the conditions for each type of trading:

Forex CFD

  • Minimum spread: 0.6 pips
  • Commission: None
  • Platforms: Web, mobile apps, MT4, ProRealTime, L2 Dealer, terminals and APIs
  • Trading size: Contracts
  • Demo account: Yes

Forex DMA

  • Minimum spread: No details
  • Commission: from $10 per $1 million traded
  • Platforms: Web, mobiles apps, L2 Dealer, terminals, and APIs
  • Trading size: Lots
  • Demo account: No

Both ways of trading are available for all clients. However, DMA does not enable trading in MetaTrader 4. Clients are also not allowed to trade in a demo account for virtual trading. It is essentially a type of trading reserved for experienced traders with high necessity for the best pricing in the market, as DMA offers market depth from a range of exchanges (including full market depth from the LSE).

Trading platforms in IG Markets are accessible via web, mobile app, and desktop. They are offered with 2 main varieties: Core Platforms and Specialist Platforms. The core platform is meant for all types of trading with the add-ons of DMA, ProRealTime access, and Forex Direct. Meanwhile, Specialist Platforms consist of L2 Dealer, ProRealTime, and MetaTrader 4.

The first two platforms charge fees that include minimum $2000 balance and monthly fees for shares data and level 2 prices (for L2 Dealer), as well as platform fees amounting to $40 per month and monthly fee for shares data (for ProRealTime).

IG Markets does not require a minimum balance to open an account . It also provides a swap-free account that frees clients for any interest, rollover, or swap charges on overnight positions. Yet, All costs and charges are built into the spread. This account suits well with long-term traders who need to keep their positions open for days or even weeks.

For beginners, IG Markets builds an IG Academy that gives interactive education and online trading courses. This way, clients can get a grip on the financial markets with the essentials of trading provided in infographics, video explainers, and end-of-course quizzes. Even better, the IG Academy is already integrated into its mobile app so clients can always learn about financial markets in much more efficient ways.

In conclusion, IG Markets is a client-friendly broker with more than 40 years of experience to back up its credibility. Their efforts and commitments to provide the best varieties of trading platforms are proven in the unique Core and Specialist Platforms.

Traders with little experience can apply to Forex CFD account in either Core Platforms or MetaTrader 4, while professionals can achieve the best experience in the financial market with IG Market's DMA trading and L2 Dealer or ProRealTime platforms.




FAQ About IG


Is IG a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if IG is a good broker for you or not by reviewing the criteria. In general, IG provides trading service in Forex , CFD , Oil , Spread betting , Cryptocurrencies and Gold & silver . As for the payment methods, you can choose between Credit/debit cards and Wire transfer. The customer support is available via Email, Office and Phone.


What is the minimum deposit for IG?

The starting capital in IG is $1.


Is IG regulated?

IG is regulated by CFTC/NFA 0509630 and FCA (UK) 195355. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is IG legit?

IG is a brokerage company offering trading services for clients since 1974 with offices in Australia, China, France, Germany, Ireland, Italy, Japan, Netherlands, Portugal, Singapore, South Africa, Spain, Sweden, United Arab Emirates, United Kingdom and United States.


Give Your Review and Rate This Broker


These aspects are optional but will determine your review's reliablity


20 Reviews

Silente
This review is not supported by evidence

Aug 22 2020

Dreadful customer support. The app is brilliant but suffers with glitches. I tried to buy a fund and it kept give me error result.

Rizky Hussein
This review is not supported by evidence

Aug 20 2020

IG apps sometimes unresponsive which result me cost more money. They need to broad their data research and news in relation to trades feeds.

Rachel
This review is not supported by evidence

Aug 19 2020

I wanted to trade Forex on the MT4 platform, but it is not possible to set pending orders close to the market price. For some cross pairs, pending orders must be a minimum of 20 pips away from market price! I always trade with pending orders so I was forced to change broker.

Paul Klein
This review is not supported by evidence

Aug 18 2020

I do not recommend using IG and moved to another platform. The app flicker and jams on daily basis making all trades impossibles and blocked for days as slow and even failure to respond or return scheduled call. Statement is reporting false activities and numbers are going all over the place.

Mr. Reviewer
This review is not supported by evidence

Aug 17 2020

Overall my experience with IG was positive. The only issue I had was when trying to withdraw funds from my ISA through the app. It gave conflicting information and I lost confidence in it. A call to the help desk cleared it up and Sharath was very helpful.

Ibrahim
This review is not supported by evidence

Aug 15 2020

IG is great as the markets are very accessible and the spreads are low but trade execution can be slow and you end up losing out. During a market spike their price settlement sets you off your price every time. They trade with “Instant execution” and not Direct “Market Execution” that guarantees you the price you quote without delays.

Fergusson
This review is not supported by evidence

Aug 11 2020

Very happy with my account with IG. There partnership with pro real time makes for excellent charting software. Any queries have been swiftly replied to. Spreads are reasonable and placing trades are responsive with little slippage on day trading.

Dominic
This review is not supported by evidence

Aug 10 2020

The introduction of quarterly fees for holding positions has put me off entirely and I’m gradually moving my positions to another platform with no fees.

Clayton
This review is not supported by evidence

Aug 8 2020

The representative replied quickly and handled what I had requested before replying and giving me the run around. Thank you so much.

Andrea
This review is not supported by evidence

Aug 7 2020

I opened an account with IG, and provided all documents they asked, they verified those documents, but my account is still pending. Their customer service service doesn't reply to my emails.

Xerene
This review is not supported by evidence

Aug 5 2020

You can see the open trade only if you choose the direct account of if. You don’t see it in the meta trader. Or you check your paper statement. I close the account.

Edward122ZP
This review is not supported by evidence

Jul 28 2020

I have been trying to call them for days. I got a hold of a representative one time after waiting for a very long time. They did respond to my e-mail eventually.

Mick81
This review is not supported by evidence

Jul 23 2020

They should fired all their support people asap. 3 weeks ago we sent all the documents and still waiting for the account to be opened. Zero confirmation from them.

Rampsey
This review is not supported by evidence

Jul 18 2020

Been with IG fore some times, and never had a complaint, plenty of queries which were usually dealt with timely and to satisfaction. Good platform, very wide range of markets, variable spreads so very tight except for occasional short periods when there is very high volatility in the market or at such times when there is a lack of liquidity (not good times for retail to be trading anyway). Definitely would recommend to friends.

Ryan123
This review is not supported by evidence

Jul 15 2020

I had some horrible experiences at first with customer service. My latest experience was for a significant withdrawal which ended up working out ok. The only reason I am switching brokers is because their system doesn't work for my needs.
If you prefer GMT close candles, normally trade just the majors, small account size, swing/position trader, this broker is for you. These things are not me.

Intercarro01
This review is not supported by evidence

Jul 13 2020

I tried to open a trading account but because IG representative behave like an encyclopedia salesman, I'm just not sure anymore.

Lindsay
This review is not supported by evidence

Jul 10 2020

Since I've signed up with them a little over a week ago its been issue after issue. The system always being offline, not connected to MT4. I keep missing my entry points in trades due to the error message "Not Connected" & "Off Quotes" indicating they have connection issues. I'm very annoyed.

Daniel
This review is not supported by evidence

Jul 9 2020

There are far better brokers out there. When trading through IG it is very clear you are trading with a b-book broker. They send out dodgy trade ideas daily. They make their own pricing when the markets are closed, including on weekends. When the market is closed and they are offering their own pricing, they blatantly chase stop losses. This kind of thing happens almost every time you have an open position in one of their grey markets during a trading break. Overall, I'd say dont bother with IG, even though they are market leaders, they are most definitely dodgy and only want you to lose money.

Delakay
This review is not supported by evidence

Jul 8 2020

Dont trade with this broker. IG steals your money by triggering your stoploss. They are a bunch of stoploss hunters which give a shit about your clients. Your core business is taking the other side of the trades and stealing points from poor retail traders who dont know what they are doing. Shame on you IG, I thought you were different than other brokers!

Greg Hutt
This review is not supported by evidence

Jul 1 2020

I have found broker with far less restrictions and more helpful. Chat service are not that knowledgeable. Severe restrictions on what you can set as a take profit on major currency pairs.