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IG Review

Broker Information Security Popularity Payment Spec Instruments Score
Security B
Popularity A
Payment E
Spec E
Instrument A
B
A
E
E
A
score 65
IG
  Regulation 100  
FCA
CFTC
  Security 63  
Established more than 10 years
  Instrument 100  
Forex
Crypto
Oil
Gold
  Platform 44  
MetaTrader 4
  Payment 56  
Credit/debit card
Wire
  Features 78  
Bonus
Education
US Trader
Automated trading
  Spec 21  
Scalping

💲 Min Deposit $0

Year Established 1974

💼 Regulation

💡 Min Position 0.01 lot

🌐 Website www.ig.com

🌎 Country United KingdomUnited States

Max Leverage 1:50

Accepts US traders

📖 Free education

IG is a well-established broker since 1974. IG has headquarters in United Kingdom and United States. IG to provide their Forex/CFD trading services to over 4 million clients.

This broker has also been regulated by FCA, 195355, CFTC/NFA and 0509630.


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.

Account Information

Apart from the forex demo account, this broker offers Standard (US), Standard and ECN. 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 $0.

pin

Min Deposit

$0

pin

Max Leverage

1:50

pin

Spread

Variable

pin

Commission

$3

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



💲 Min Deposit $100

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

Trailing stop

Pending orders

1️⃣ One-click trading

Automated trading

💸 Commission

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


💲 Min Deposit $0

💡 Min Position 0.1 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

Pending orders

1️⃣ One-click trading

💸 Commission

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 Crypto 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

Crypto

Crypto
1:2


💲 Min Deposit $50000

💡 Min Position 0.1 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

Pending orders

💸 Commission $3

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 Crypto 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

Crypto

Crypto
1:2

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

German
English
Spanish
French
Italian
Japanese
Portuguese
Swedish
Chinese

Office Support

Email Support

Call Support

Chat Support



FAQ About IG

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 , Crypto and Gold & silver . As for the payment methods, you can choose between Wire transfer and Credit/debit cards. The customer support is available via Email, Phone and Office.


The starting capital in IG is $0.


IG is regulated by FCA, 195355, CFTC/NFA and 0509630. 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.


IG is a brokerage company offering trading services for clients since 1974 with offices in United Kingdom and United States.



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Testimonials
United States
S Silente
Aug 22 2020
 
Dreadful customer support. The app is brilliant but suffers with... More
United States
R Rizky Hussein
Aug 20 2020
 
IG apps sometimes unresponsive which result me cost more money.... More
United States
R Rachel
Aug 19 2020
 
I wanted to trade Forex on the MT4 platform, but... More
United States
P Paul Klein
Aug 18 2020
 
I do not recommend using IG and moved to another... More
United States
M Mr. Reviewer
Aug 17 2020
 
Overall my experience with IG was positive. The only issue... More
United States
I Ibrahim
Aug 15 2020
 
IG is great as the markets are very accessible and... More

1 Comment

T

Thomas N Matarese

Aug 31 2023

HI Iam an American male US citizen living in Cambodia with my male Myanmar spouse. Can we open a joint brokerage account with you and transfer all my assets from my Trust account at Fidelity to protect him in the event of my suden death. I or we need to get debit cards to access the money for living purposes. I have a US mailing address. Thank You

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