Risk Warning: CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
Overview
Our 5-step process of verification and evaluation – How do we obtain information?
General inspection – 30%
Trading experience – 30%
Technical audit – 20%
Collective experience from collaborations with the broker – 10%
Interviews with real traders – 10%
See the entire process here.
Pros
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Competitive Spreads: IG offers some of the most competitive spreads in the industry, especially for major forex pairs.
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Wide Range of Assets: IG offers a wide range of assets, including forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios.
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Regulated Broker: IG is regulated by several reputable authorities, including the FCA and ASIC, providing traders with security and trust.
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Advanced Trading Platforms: IG offers advanced trading platforms, such as MT4 and MT5, which are highly customizable and user-friendly.
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Educational Resources: IG offers many educational resources, including webinars, trading guides, and video tutorials, to help traders improve their skills and knowledge.
Cons
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Limited Payment Options: IG offers limited payment options, which may be inconvenient for some traders.
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Inactivity Fee: IG charges an inactivity fee of £12 per month if there is no trading activity for two years or more, which may deter some traders.
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No Social Trading: IG does not offer social Trading, which may be a disadvantage for traders who prefer to follow and copy the trades of successful traders.
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No Guaranteed Stop Loss: IG does not offer guaranteed stop loss, which may increase the risk for traders during volatile market conditions.
General details
Customer reviews
score
Read real reviews from traders all over the world:
Accounts
Type of Trading Accounts on IG
IG offers its clients various trading account types based on their trading preferences.
- Demo Account: IG provides a demo account for clients to practice Trading without risking real money. This account is an excellent way for beginners to get familiar with the trading platform and develop trading strategies before they start trading with real funds. The demo account comes with virtual funds, and traders can access all the trading platform’s features.
- Standard Accounts: IG offers standard accounts to clients who want to trade with real funds. These accounts have various features, such as competitive spreads, access to research and trading tools, and a range of markets to trade. Traders can open a standard account with a minimum deposit, which varies depending on the location and regulations of the client.
- ECN Accounts: IG also provides ECN accounts for traders who want direct access to the market without any dealing desk intervention. This type of account is suitable for experienced traders who require advanced features and direct market access. The ECN account offers tight spreads and fast execution speeds, making it an ideal choice for high-frequency traders.
Tradable instruments
Tradable instruments on IG trading platforms include:
Frequently asked questions
Find the right answer to your question below.
IG is not a scam. It is a well-established and reputable broker with over 45 years of experience in the industry.
IG Forex does not accept US traders. This is due to regulatory restrictions imposed by the US authorities on online forex and CFD trading
To open an IG forex trading account, you need to visit IG’s website and click on the “Create Account” button.
IG compared with alternative brokers
To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.
- Overall verdict
- Trading
- Minimum deposit
- Maximum leverage
- Fees
- Withdrawal fee
- Deposit fee
- Safety
- Top-tier regulators
- Investor protection
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4.1/ 5
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4.1/ 5
- N/A
- N/A
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3.7/ 5
- N/A
- N/A
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4.1/ 5
- ASIC, FCA, BaFIN, CONSOB, CNMV, AMF
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See review
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4.8/ 5
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4.9/ 5
- $100
- 1:10000
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4.7/ 5
- $0
- $0
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4.8/ 5
- FCA
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See review
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4.1/ 5
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4.3/ 5
- $100
- No
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4/ 5
- 5$
- 0$ ( )
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4.1/ 5
- FINRA, ASIC, CYSEC, FCA,
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See review
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4.2/ 5
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4.5/ 5
- 100$
- 1:50
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4/ 5
- $0
- $0
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4.5/ 5
- FCA, CFTC, NFA, CIRO, CIMA, CYSEC
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See review
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3.9/ 5
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4/ 5
- N/A
- N/A
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4.1/ 5
- N/A
- N/A
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3.7/ 5
- CYSEC, FSC
- No
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See review