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.

IG Review

3.38
8 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

IG general information

Founded in: 1974 year
Headquarters:
United Kingdom
Offices in the country:
Austria, United Kingdom, Ireland, Spain, Italy, United Arab Emirates, Sweden, Japan
Minimum Deposit: 0 $
Website: www.ig.com
Website languages:
English, Arab, Spanish, Italian, Chinese, Deutsch, Dutch, Norwegian, French, Swede, Japanese
Execution model:
DMA, MM
Deposit currency:
USD, EUR, JPY, GBP, AUD, CHF, CAD, CNY, NZD, HKD, SGD, PLN, SEK
Support languages:
English, Arab, Spanish, Italian, Chinese, Deutsch, Dutch, Norwegian, French, Swede, Japanese
Regulated by:
ASIC (Australia)
FCA (United Kingdom)
BaFin (Germany)
CONSOB (Italy)
CNMV (Spain)
AMF (France)
Mobile trading: iOS, Android, Windows Phone
Types of offered accounts: Standard Accounts, ECN accounts
Trust management: PAMM
Affiliate program: 1

IG Forex broker description

Pros

  • Competitive Spreads: IG offers some of the most competitive spreads in the industry, especially for major forex pairs.

  • Wide Range of Assets: IG offers a wide range of assets, including forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios.

  • Regulated Broker: IG is regulated by several reputable authorities, including the FCA and ASIC, providing traders with security and trust.

  • Advanced Trading Platforms: IG offers advanced trading platforms, such as MT4 and MT5, which are highly customizable and user-friendly.

  • Educational Resources: IG offers many educational resources, including webinars, trading guides, and video tutorials, to help traders improve their skills and knowledge.

Cons

  • Limited Payment Options: IG offers limited payment options, which may be inconvenient for some traders.

  • 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.

  • 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.

  • No Guaranteed Stop Loss: IG does not offer guaranteed stop loss, which may increase the risk for traders during volatile market conditions.



Unique Selling Points

  • Market Access and Asset Offerings: IG's market access and wide range of asset offerings make it a top choice for traders of all experience levels. The broker offers access to over 17,000 markets, including forex, stocks, commodities, cryptocurrencies, and more. IG also provides its clients with various research tools, market analysis, and real-time news updates to help them make informed trading decisions.

  • User-Friendly Platforms and Tools: IG Broker offers a suite of user-friendly trading platforms, including its award-winning web-based platform and mobile app. The platform is customizable and intuitive, with powerful trading tools and features like price alerts, economic calendars, and charting tools. The broker also offers a demo account for traders to test their strategies and get familiar with the platform before investing real money.

  • Regulation and Security: IG is a regulated broker with licenses from several reputable regulatory bodies, including the FCA in the UK and ASIC in Australia. This means that the broker is required to adhere to strict regulatory standards, such as segregating client funds and providing negative balance protection. Additionally, IG employs advanced security measures, such as two-factor authentication and SSL encryption, to ensure the safety of its client's personal and financial information.

  • Low Trading Costs and Competitive Spreads: IG offers competitive spreads on its various asset classes, including forex, stocks, and indices, starting from as low as 0.6 pips. The broker also charges low trading fees, with no commission on forex trades and low commissions on other asset classes. Additionally, IG offers various account types, including a share dealing account with zero commission fees.


Introduction

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.


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.


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 had 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.


Tradable Instruments

  • IG offers many tradable instruments, including over 17,000 global markets.

  • Trade on popular indices like the US500, UK100, and GER30 with tight spreads starting from 0.5 points.

  • Access over 80 currency pairs, including majors, minors, and exotics, with spreads as low as 0.6 pips.

  • Trade on over 11,000 shares from the world's biggest companies, including Apple, Amazon, and Tesla.

  • Choose from a wide range of commodities, such as gold, silver, and crude oil, with spreads starting from 0.3 points.

  • Trade on popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, with spreads starting from just 1 point.


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:

Payment Method    

Minimum Deposit

Minimum Withdrawal    

Maximum Withdrawal    

Processing Time

Credit/Debit Card        

$/£/€ 250

$/£/€ 1    

$/£/€ 20,000    

1-2 business days

Bank Transfer

$/£/€ 250

$/£/€ 100

No limit

1-2 business days

PayPal        

$/£/€ 250

$/£/€ 1

$/£/€ 5,000

Within 24 hours

Skrill                

$/£/€ 250

$/£/€ 1

$/£/€ 25,000

Within 24 hours


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.


FAQs

  • Is IG a scam?

IG is not a scam. It is a well-established and reputable broker with over 45 years of experience in the industry. 

  • Does IG Forex accept U.S. traders?

IG Forex does not accept US traders. This is due to regulatory restrictions imposed by the US authorities on online forex and CFD trading

  • How to Open an IG Forex Trading Account?

To open an IG forex trading account, you need to visit IG's website and click on the "Create Account" button.


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.

Trading accounts of IG

  • CFD Account
  • SpreadBetting
  • MT4 CFD
  • MT4 SpreadBetting
Trading platforms: ProRealTime
Deposit currency :
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
AUD - Australian Dollar
CHF - Swiss Franc
CAD - Canadian Dollar
CNY - Chinese Yuan Renminbi
NZD - New Zealand Dollar
HKD - Hong Kong Dollar
SGD - Singapore Dollar
PLN - Polish Zloty
Trading instruments:
Forex1:200
Number of currency pairs: 101
  • ARS/DKK
  • AUD/BGN
  • AUD/CAD
  • AUD/CHF
  • AUD/CNH
  • AUD/CZK
  • AUD/DKK
  • AUD/EUR
  • AUD/GBP
  • AUD/HKD
  • AUD/HUF
  • AUD/ILS
  • AUD/JPY
  • AUD/MXN
  • AUD/NOK
  • AUD/NZD
  • AUD/PLN
  • AUD/RUR
  • AUD/SEK
  • AUD/SGD
  • AUD/THB
  • AUD/TRY
  • AUD/USD
  • AUD/ZAR
  • BBP/AUD
  • BGN/JPY
  • BGN/RON
  • BGN/USD
  • Bit/Coi
  • BRT/USD
  • BTC/CNH
  • BTC/CNY
  • BTC/EUR
  • BTC/JPY
  • BTC/RUB
  • BTC/USD
  • CAD/BGN
  • CAD/CHF
  • CAD/CNH
  • CAD/CZK
  • CAD/DKK
  • CAD/EUR
  • CAD/HKD
  • CAD/HUF
  • CAD/ILS
  • CAD/JPY
  • CAD/MXN
  • CAD/NOK
  • CAD/PLN
  • CAD/RUR
  • CAD/SEK
  • CAD/SGD
  • CAD/TRY
  • CAD/USD
  • CAD/ZAR
  • CHF/AUD
  • CHF/BGN
  • CHF/CAD
  • CHF/CNH
  • CHF/CZK
  • CHF/DKK
  • CHF/HKD
  • CHF/HUF
  • CHF/ILS
  • CHF/JPY
  • CHF/MXN
  • CHF/NOK
  • CHF/PLN
  • CHF/RON
  • CHF/RUR
  • CHF/SEK
  • CHF/SGD
  • CHF/SKK
  • CHF/THB
  • CHF/TRY
  • CHF/USD
  • CHF/ZAR
  • CLP/DKK
  • CNH/HKD
  • CNH/JPY
  • CZK/HKD
  • CZK/HUF
  • CZK/JPY
  • CZK/NOK
  • CZK/PLN
  • CZK/SEK
  • CZK/SGD
  • CZK/ZAR
  • DKK/CNH
  • DKK/CZK
  • DKK/HUF
  • DKK/JPY
  • DKK/NOK
  • DKK/PLN
  • DKK/SEK
  • DKK/SGD
  • DKK/THB
  • DKK/UAH
  • DKK/ZAR
  • EUR/AED
  • GBP/AUD
CFD's1:200
Amount of assets : 60
  • Promotions
Metals1:200
  • Gold
  • Silver
Energy sources1:200
  • Oil
  • Gas
Binary Options
Spread betting
Stock exchange
  • Promotions
  • Futures
Entry to stock exchanges
  • NASDAQ (US)
  • LSE (United Kingdom)
Stop Out:
50 %
Minimum position size:
0.1 лотов
Maximum position size:
No limit лотов
Max. number of orders:
Execution type:
Instant Execution
Swap Free:
No
VIP Account:
Yes
Spread type:
Floating
Decimal places:
4 characters
Margin Call:
100 %
Locked Margin level:
25 %
Speed ​​of execution:
0.09 sec.
Interest rate:
2 % per year
Phone trading:
Yes
Trading platforms: MetaTrader 4, Meta Trader 4 Mobile
Deposit currency :
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
AUD - Australian Dollar
CHF - Swiss Franc
CNY - Chinese Yuan Renminbi
NZD - New Zealand Dollar
SEK - Swedish Krona
HKD - Hong Kong Dollar
SGD - Singapore Dollar
PLN - Polish Zloty
Trading instruments:
Spread betting
Stop Out:
50 %
Minimum position size:
0.1 лотов
Maximum position size:
No limit лотов
Max. number of orders:
Execution type:
Instant Execution
Swap Free:
No
VIP Account:
Yes
Spread type:
Floating
Decimal places:
4 characters
Margin Call:
100 %
Locked Margin level:
25 %
Speed ​​of execution:
0.09 sec.
Interest rate:
3 % per year
Phone trading:
Yes
Trading platforms: MetaTrader 4, Meta Trader 4 Mobile
Deposit currency :
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
AUD - Australian Dollar
CHF - Swiss Franc
CAD - Canadian Dollar
NZD - New Zealand Dollar
Trading instruments:
Amount of assets : 100
  • Promotions
Stop Out:
50 %
Minimum position size:
0.1 лотов
Maximum position size:
No limit лотов
Max. number of orders:
Execution type:
Market Execution
Swap Free:
No
VIP Account:
Yes
Spread type:
Floating
Decimal places:
4 characters
Margin Call:
100 %
Locked Margin level:
5 %
Speed ​​of execution:
0.09 sec.
Interest rate:
3 % per year
Phone trading:
No
Trading platforms: MetaTrader 4, Meta Trader 4 Mobile
Deposit currency :
USD - US Dollar
EUR - Euro
JPY - Japanese Yen
GBP - British Pound
AUD - Australian Dollar
CAD - Canadian Dollar
Trading instruments:
Spread betting
Stop Out:
50 %
Minimum position size:
0.1 лотов
Maximum position size:
No limit лотов
Max. number of orders:
Execution type:
Market Execution
Swap Free:
No
VIP Account:
Yes
Spread type:
Floating
Decimal places:
4 characters
Margin Call:
100 %
Locked Margin level:
5 %
Speed ​​of execution:
0.09 sec.
Interest rate:
3 % per year
Phone trading:
No

Contacts of IG

Представительство
Великобритания , Cannon BridgeDowgate Hill, 25
show on the map
0800 4096789Локальный телефон

Recent customer reviews of IG

Corey Tucker 02 February 2022

Advantages: Relatively good spreads - from 0.6-1 point, depending on the type of instrument Round-the-clock support, working even on weekends

Disadvantages: Limited set of money input/output options There is a fee for an inactive account

Comment: It turns out that in IG com, leverage applies only to currency pairs. For indices, metals, there is a so-called fixed margin percentage set by the broker. That is, you are counting on a leverage of 1:200, and the broker requires margin security of 20%.There are a lot of brokers and some of them are very bad, carefully choose a broker for yourself.

Comment
Add a COMMENT
Ubre 06 August 2020

Advantages: NONE

Disadvantages: Incompetent customer service

Comment: IG has an incredibly terrible customer support team. They seem not to know what they have to do. They have asked for my bank statement to confirm my deposit but until now, they’re unable to verify the bank account. Their emails to me are not clear, they’re downright incompetent. It’s a shame that this broker has been in the business since 1974. For an established company, they’re a big joke.

Comment
Add a COMMENT
Ram 28 July 2020

Advantages: quick execution, no hidden fees

Disadvantages: None for now

Comment: I’ve traded with 4 brokers over the last 6 years and I can say that IG is the best so far. Execution is so fast. No hidden fees, and I’m sure they don’t hunt stop loss. I also like that this broker offers a wide array of financial instruments, allowing me to diversify my investment portfolio. I’m very much satisfied with IG’s services and products!

Comment
Add a COMMENT

IG analisis & forecasts

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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.