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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.

4.1
/ 5

IG review

By azeshan
Updated on Aug 29, 2024
|
mins read

Overview

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...
See full overview for IG
Countries
+31
Devices
Our Verdict
4.1
/ 5
Commissions & Fees
3.7
/ 5
Deposit & Withdrawal
4.1
/ 5
Customer Support
4.3
/ 5
Account Opening
4.5
/ 5
Regulation & Safety
4.1
/ 5

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

  • 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.

General details

Type of accounts
Standard Accounts
ECN accounts
Execution Model
DMA
MM
Deposit currency
USD
EUR
JPY
GBP
AUD
CHF
CAD
CNY
NZD
HKD
SGD
PLN
SEK
Regulatory complience
ASIC
FCA
BaFIN
CNMV
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Arabic
Spanish
Italian
Chinese
German
Dutch
Norwegian Bokmal
French
Swedish
Japanese
Autotrading
IG Trading Platform MT4 EA ProRealTime Zulutrade
Contact details
[email protected] +44 (20) 7633 5430

Customer reviews

Read real reviews from traders all over the world:

C
Corey Tucker
2 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
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.
U
Ubre
6 August 2020
Advantages: NONE
Disadvantages: Incompetent customer service
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.
See all 3 customers reviews

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.
CFD Account - IG
Availability of a VIP account
Phone trading
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Mailing the documents
Trading Platforms
PROREALTIME
Deposit currency
USD
EUR
JPY
GBP
AUD
CHF
CAD
CNY
NZD
HKD
SGD
PLN
Trading instruments
Forex
1:200
Number of currency pairs: 26
ARS
DKK
AUD
BGN
CAD
CHF
CZK
EUR
GBP
HKD
HUF
ILS
JPY
MXN
NOK
NZD
PLN
RUB
SEK
SGD
THB
TRY
USD
ZAR
UAH
AED
1:200
1:200
1:200
Binary Options
Spread betting
Stop Out
50%
Minimum position size
0.1 units
Execution type
instant
Spread type
Floating
Decimal places
4
Margin Call
100%
Locked Margin Level
25%
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
MT4 SpreadBetting - IG
Availability of a VIP account
Trading Platforms
METATRADER 4 Meta Trader 4 Mobile
Deposit currency
USD
EUR
JPY
GBP
AUD
CAD
Trading instruments
Spread betting
Stop Out
50%
Minimum position size
0.1 units
Maximum position size
No limit
Execution type
market
Spread type
Floating
Decimal places
4
Margin Call
100%
Locked Margin Level
5%
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
MT4 CFD - IG
Availability of a VIP account
Trailing stop
Trading Platforms
METATRADER 4 Meta Trader 4 Mobile
Deposit currency
USD
EUR
JPY
GBP
AUD
CHF
CAD
NZD
Trading instruments
Stop Out
50%
Minimum position size
0.1 units
Maximum position size
No limit
Execution type
market
Spread type
Floating
Decimal places
4
Margin Call
100%
Locked Margin Level
5%
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
SpreadBetting - IG
Availability of a VIP account
Phone trading
Hedging
Trading 24 hours a day
Trailing stop
Trading Platforms
METATRADER 4 Meta Trader 4 Mobile
Deposit currency
USD
EUR
JPY
GBP
AUD
CHF
CNY
NZD
SEK
HKD
SGD
PLN
Trading instruments
Spread betting
Stop Out
50 %
Minimum position size
0.1 units
Maximum position size
No limit on units
Execution type
instant
Spread type
Floating
Decimal places
4
Margin Call
100 %
Locked Margin Level
25 %
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents

Tradable instruments

Tradable instruments on IG trading platforms include:

Currencies
N/A
Stocks
N/A
Commodities
N/A
Cryptocurrencies
N/A
Indices
N/A

Frequently asked questions

Find the right answer to your question below.

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.

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
IG
  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • 4.1
    / 5
  • 4.1
    / 5
  • N/A
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  • 3.7
    / 5
  • N/A
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  • 4.1
    / 5
  • ASIC, FCA, BaFIN, CONSOB, CNMV, AMF
  • Yes
  • See review
FxPro
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • Free VPS hosting
  • High leverage
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    / 5
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  • $100
  • 1:10000
  • 4.7
    / 5
  • $0
  • $0
  • 4.8
    / 5
  • FCA
  • Yes
  • See review
eToro US
  • Specialized trading accounts
Start trading
Risk Warning
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  • 4.3
    / 5
  • 10$
  • 1:30
  • 4
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  • 5$
  • 0$
  • 4.1
    / 5
  • FINRA, ASIC, CYSEC, FCA,
  • Yes
  • See review
Forex.com
  • Specialized trading accounts
  • 24/7 instant money withdrawal
Start trading
Risk Warning
  • 4.2
    / 5
  • 4.5
    / 5
  • 100$
  • 1:50
  • 4
    / 5
  • $0
  • $0
  • 4.5
    / 5
  • FCA, CFTC, NFA, CIRO, CIMA, CYSEC
  • Yes
  • See review
  • 3.9
    / 5
  • 4
    / 5
  • N/A
  • N/A
  • 4.1
    / 5
  • N/A
  • N/A
  • 3.7
    / 5
  • CYSEC, FSC
  • No
  • See review
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