IG Review

IG, a London-based public company, was established in 1974 and allows traders access to over 17000 markets. With 45 years of experience, they offer clients a seamless experience with fast execution on a vast range of markets. IG is a highly regulated company and are committed to their clients and their trading needs. 

Overview

NationalitiesNo USA Clients
Account Funding$250
Is a corporate Account Possible?YES
Sign Up processFast
Funding optionsCredit card, debit card, bank transfer, Paypal
Forex: Spot TradingYES
Currency Pairs93
CFDs17535
Cryptocurrency

Traded as actual

Traded as CFD

 

NO

YES

Commodities47
Stocks
Penny Stocks

Regulation and Trust

IG is authorized and regulated by the FCA (UK) and the FSCA (SA). Account funds are held in segregated accounts with regulated banks and no funds are used for their own business activity.

Commissions & Fees

IG is transparent and clear about their costs on their website which is well received. Opening an account with IG is free and they offer competitive charges. They offer trade spreads as low as 0.6 pips on EUR/USD and 0.3 pips on Spot Gold. IC take a commission on share CFDs when opening and closing based on the market. For example, they take 0.10% commission on the UK market with a minimum charge (online) of £10. They do charge an overnight fee that is calculated as the nights held x (tomorrow next rate including annual admin fee) x trade size. IG offers negative balance protection making sure you never lose more than the balance in your account.

Community

IG has over 178000 clients worldwide. They invest in their community, shown in their dedicated page for the IG community, a platform to share ideas, discover new products and discuss topics with other traders. This platform is strictly available to clients with live accounts. IG is present on Linked In, Twitter and Facebook.

User Experience

IG has usability at the core of their offering. This is shown in the easy, seamless and fully digital account opening process. IG also offers high volume traders the ability to qualify for their own personal account manager and custom analysis from their team. The IG app is user-friendly and packed with features aimed to help traders make the best decisions.

Functionality and Tools

IG offers a demo trading account, compatible with Windows, iOS and Android devices,  to help you develop your trading skills. This account provides you with the ability to practice trading with R1,000,000 and £10,000 in virtual funds. They also offer their IG Academy, providing you with access to a range of educational content including their step-by-step courses or live sessions with one of their experts.

IG also offers great tools on their IG mobile app. This includes 28 technical tools and 19 drawing tools.

Trading Platforms

IG has a variety of trading platforms to choose from including their flagship web-based platform, MetaTrader 4 and L2 Dealer platform for Forex Direct and Direct Market Access. They also offer ProRealTime charts, an advanced charting package with almost 100 indicators.  

IG’s tablet and mobile trading app, for iOS and Android, allows you to get all the features needed to trade on the go. The app allows you to receive email, SMS or push notifications so you can react instantly to price alerts or trading signals.

Customer Service

IG offers great customer support. You can reach them by phone, email, twitter or their live chat. Their customer service is available 24 hours, from 6am on Saturday to 10pm on Friday. An extensive FAQs page is also available.

Summary

IG has years of experience and offers traders access to nearly every market. They offer fantastic research tools and competitive spreads. They are highly regulated and are listed on the London Stock Exchange. Although they do not offer MT5 and cTrader, their web-based platform has world-class features and fantastic education tools.

76% of retail investor accounts lose money when trading CFDs with IG

IG, a London-based public company, was established in 1974 and allows traders access to over 17000 markets. With 45 years of experience, they offer clients a seamless experience with fast execution on a vast range of markets. IG is a highly regulated company and are committed to their clients and their trading needs.