IG review

IG, also known as IG Markets, is a well-established online broker that was founded in 1974. IG Group Holdings plc, commonly known as IG, is a well-established online forex broker founded in 1974. 

Headquartered in London, UK, IG provides access to over 17,000 financial markets worldwide, including forex, indices, commodities, shares, cryptocurrencies, and more. With over 45 years of experience in the financial markets, IG has established a reputation as a trusted and reliable broker. 

One of the standout features of IG is its low minimum deposit requirement, making it accessible to traders of all levels. IG offers a wide range of currency pairs for those interested in forex trading, including USD/CAD, EUR/NZD, and more.

This IG review will reveal to you everything you need to know about IG Market.

Supported Countries

IG provides online trading services to clients from various parts of the world. The broker currently accepts clients from numerous countries, except the United States and Canada. 

Some of the countries where IG operates include the United Kingdom, Australia, Germany, France, Spain, Italy, Switzerland, Singapore, and Japan. Clients from these countries can access the broker’s trading services and enjoy some of the platform’s benefits.

IG Group Forex offers its trading services in different languages, catering to the needs of clients from various parts of the world. 

The languages supported by IG include English, French, German, Italian, Spanish, Dutch, Portuguese, Swedish, Norwegian, Danish, Finnish, and Chinese. This means that clients who speak any of the supported languages can easily use the platform and access the necessary trading tools and customer support. 

Overall, IG’s broad reach and multilingual support make it a preferred choice for traders worldwide.

Customer Service Rating

IG Group, also known as IG Market, has received positive customer service ratings from various IG forex broker review sites such as Trustpilot. Topbroker.com gave IG Group a review score of 3.18/5, rated excellent based on 15 reviews. Trustpilot also gave IG Group a superb rating based on 6,123 IG trading reviews, with a review score of 4/5. 

According to reviews, IG Group offers competitive features such as low minimum deposit requirements, which is advantageous for novice traders who want to start trading without risking significant capital. The IG Group has positive customer service ratings, making it a reputable forex broker for traders looking for a reliable trading platform.

One of the most common complaints is regarding the high fees charged on the assets. However, IG Group has taken steps to address these concerns by offering competitive pricing and reducing their fees in certain cases. The broker has also implemented measures to improve their customer service, such as offering a 24/7 support hotline, employing experts, and always making their live chat support available. 

IG Trading Platforms

• MetaTrader 4: IG offers the MetaTrader 4 platform, popular among traders worldwide. The platform is available on desktop, web, and mobile devices and offers advanced charting tools and indicators. Traders can also automate their trading strategies with Expert Advisors (EAs). The platform also provides real-time news and market analysis.

• ProRealTime: ProRealTime is a web-based platform that offers advanced charting and technical analysis tools. The platform is popular among professional traders and offers over 100 indicators and drawing tools. Traders can backtest their trading strategies and set alerts based on technical indicators.

• L2 Dealer: L2 Dealer is a professional trading platform that offers direct market access (DMA) to trade CFDs on shares, forex, and other markets. The platform suits advanced traders and offers customizable layouts and charting tools. Traders can also access Level 2 pricing and order types, such as limit and stop orders.

Trading Denominations on IG

IG provides a variety of currencies that traders can use to fund their accounts and place trades. This includes USD, GBP, EUR, AUD, GBP,  CHF, JPY, NZD, CAD, SGD, and HKD.

Company Structure

IG forex broker is a UK-based financial services company that provides online Trading and investment services to retail and institutional clients. The company operates as a part of IG Group Holdings, a global online trading leader. 

IG offers various financial products such as forex, indices, shares, commodities, cryptocurrencies, options, and ETFs. The company was founded in 1974 by Stuart Wheeler and is headquartered in London, UK. IG Group has offices in 16 countries across the world. The company has over 1,800 employees across its various offices worldwide. 

The company’s large employee base enables it to provide high-quality services to its clients, including reliable trading platforms, excellent customer support, and other essential services. With a large and diverse team, IG can provide a wide range of financial products and services to meet its client’s needs while maintaining high standards of quality and professionalism.

IG’s company structure is designed to cater to the diverse needs of its clients, from individual traders to institutional investors, and provides a wide range of products and services to meet their trading and investment goals.

Licenses and Regulatory Compliance

IG is a regulated broker and holds licenses from several regulatory bodies, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and the Monetary Authority of Singapore (MAS) in Singapore. 

• FCA license number is 195355, granted in 1995; 
• ASIC license number is  220440 granted  in 2006; and 
• MAS license number is CMS100863-1, granted in 2008. 

These licenses ensure that IG complies with strict regulations and guidelines and that client funds are held in segregated accounts. 

IG is also a member of the Financial Services Compensation Scheme (FSCS) in the UK, which protects eligible clients if IG cannot meet its financial obligations. These licenses and regulatory compliance give clients the peace of mind that they are trading with a trustworthy and reputable broker.

IG Customer Protection 

IG takes customer protection seriously and implements various measures to protect its clients’ funds. The broker complies with regulatory requirements and maintains a secure environment for trading.

The company also has negative balance protection, which means clients cannot lose more than their account balance.

IG uses advanced encryption technologies to protect its clients’ personal information and prevent unauthorized access. The company also provides two-factor authentication to enhance security and prevent unauthorized access to clients’ accounts.

Trading Information

IG is a top-tier broker that offers a wide range of trading tools and features to enhance the trading experience of its clients. With IG, traders have access to various trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies. 

The broker also offers flexible deposit and withdrawal options, making it easy for clients to fund and withdraw from their accounts. Whether you are a beginner or an experienced trader, IG has the tools and resources to help you succeed in the markets.

IG Leverage

The maximum leverage available depends on the instrument being traded, with forex and indices typically having higher leverage than commodities. IG offers a range of leverage options, with the maximum leverage ranging from 30:1 to 200:1. 

Traders can select their preferred leverage level during account opening or change it later through their account settings.

Deposits and Withdrawals on IG

Deposits and withdrawals on IG are straightforward and secure, with various options available to suit traders’ needs. IG forex minimum deposit for opening an account varies depending on the region and account type but generally ranges from $/£/€ 250 to $/£/€ 10,000. 

Traders can deposit through various payment methods, including credit/debit cards, bank transfers, and e-wallets like PayPal and Skrill.

Withdrawals are processed within 24 hours on business days and can be made through the same payment methods used for deposits. However, some payment methods may have additional fees or processing times, so traders should check their preferred method’s terms and conditions before depositing or withdrawing.

The table below provides a summary of deposit and withdrawal options for IG:

Overall, IG provides a variety of deposit and withdrawal options to accommodate traders’ needs, making it easy to fund and manage their accounts.

IG Trading Education and Training

IG provides a range of educational resources for traders to improve their trading skills and knowledge. They offer webinars, video tutorials, and online courses covering a wide range of topics, including trading strategies, technical analysis, risk management, and more. 

Additionally, they provide a demo account for traders to practice trading with virtual funds before trading with real money. The demo account comes with access to a range of trading platforms and instruments, allowing traders to simulate trading in a live market environment. 

The educational resources and demo account provided by IG make it an excellent choice for traders, whether they are just starting or looking to refine their trading strategies.

Conclusion

IG is a highly reputable and trustworthy forex broker that offers its clients access to a broad range of tradable assets, including forex, indices, stocks, and commodities. 

The platform is user-friendly, and the trading tools and educational resources provided by IG make it an excellent choice for traders of all levels of experience. IG’s regulatory compliance and customer protection measures ensure that traders’ funds and personal information are kept safe and secure.

Opening an account with IG is a straightforward process, and traders have a wide range of deposit and withdrawal options to choose from. IG’s competitive spreads, leverages, and flexible trading platforms make it an attractive option for traders looking to trade forex and other financial instruments. 

Overall, IG is a highly recommended forex broker that provides traders with a robust and reliable trading environment that is backed by solid regulatory compliance, innovative trading tools, and excellent customer support.