IG Overview
| Website | ig.com |
| Year Founded | 1974 |
| Countries of Registration | United Kingdom, Bermuda, Germany, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab Emirates |
| Website Languages | English, Spanish, Simplified Chinese, Traditional Chinese |
| Regulators | FCA, BMA, BaFin, FSAN, AFM, CONSOB, CNMV, ACPR, FI, FINMA, NFA, CFTC, ASIC, NZ FMA, JFSA, JFFA, MAS, FSCA, DFSA |
| Broker Type | MM, DMA |
| Dealing | B-book, A-book |
| Minimum Deposit | $1 |
| Account Currencies | USD, EUR, GBP, CHF, AUD, NZD, JPY, NOK, SEK, SGD, HKD |
| Spread | average |
| Trading Platforms | MetaTrader 4 (MT4), IG Trading Platform, L2 Dealer |
| Trading Assets | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities |
Brief look at IG
IG is one of the most established and reputable brokers in the forex and CFD trading industry, having been founded in 1974. Regulated by top-tier financial authorities, including the FCA (UK) and ASIC (Australia), IG offers a wide range of trading instruments, including forex, indices, commodities, and shares. The broker is well-suited for both beginner and professional traders, providing access to an advanced trading platform, competitive spreads, and a comprehensive suite of educational resources. IG's long-standing presence in the market and robust regulatory compliance make it a trusted choice for traders worldwide. In addition to its proprietary platform, IG supports MetaTrader 4 (MT4), which is ideal for traders who prefer algorithmic strategies or a familiar interface. The broker also excels in market research and analysis, providing clients with detailed insights, trading signals, and technical tools. However, while IG offers extensive features, its services might not be ideal for smaller retail traders due to higher minimum deposit requirements in some regions. Furthermore, the absence of certain features like cent accounts or high leverage options may deter specific trading styles.
Pros
- Highly regulated by top-tier financial authorities (FCA, ASIC, etc.)
- Wide range of tradable assets, including over 99 forex pairs
- Advanced proprietary platform and support for MetaTrader 4 (MT4)
- Comprehensive market research and educational resources
- Long-standing reputation with nearly five decades of experience
- Competitive spreads and reliable trade execution
Cons
- Limited high-leverage options compared to some competitors
- No support for cent accounts, which may not suit small-scale traders
- Inactivity fees for dormant accounts
- Customer support may not be available 24/7 for all regions
Is IG available in my country?
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IG accepts clients from United States!
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IG Reviews
Amazing broker with competitive spreads and a user-friendly app. Signing up was easy, and I love the variety of account types available.
3/25/2024IG offers a solid trading experience with a great demo account for practice. However, the withdrawal time could be faster.
2/10/2024The MT4 and MT5 platforms work flawlessly, and the spreads are fair for forex trading. My only issue is the relatively high minimum deposit for new users.
1/18/2024Good broker for forex, but I wish the leverage options were better for beginners. The download process for the app was smooth, though.
5/1/2024Fantastic broker with fast order execution and excellent tools for trading crypto and forex. Highly recommend their mobile app and MT4 integration.
6/7/2024Leave a Review
Is IG regulated?
| Companies | IG Markets Ltd, IG International Limited, IG Europe GmbH, IG Bank SA, IG US LLC, IG Australia Pty Ltd., IG Securities Limited, IG Asia Pte Ltd, IG Markets South Africa Limited, IG Limited |
| Countries | United Kingdom, Bermuda, Germany, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab Emirates |
| Regulators | FCA, BMA, BaFin, FSAN, AFM, CONSOB, CNMV, ACPR, FI, FINMA, NFA, CFTC, ASIC, NZ FMA, JFSA, JFFA, MAS, FSCA, DFSA |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org |
| Investor Protection Size | £85 000 / €20 000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
IG Account Types
| Property | CFD | DMA |
|---|---|---|
| Deposit | $1 | $1000 |
| Lot Size | 0.01 lots | 0.01 lots |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.6 pips | 0.16 pips |
| Fee | No | $12 per 1 lot |
| Max Leverage | 1:200 | 1:200 |
| Stop Out | 50% | 20% |
| Margin Call | 100% | 50% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
IG Funding and Fees
| Base currencies | USD, EUR, GBP, CHF, AUD, NZD, JPY, NOK, SEK, SGD, HKD |
| Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, PayPal |
| Inactivity fee | $18 per month after 24 months |
| Interest on margin | |
| Withdrawal Fee |
IG Trading Platforms and Conditions
| Trading Platforms | MetaTrader 4 (MT4), IG Trading Platform, L2 Dealer |
| Execution Speed | - |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | average |
IG Trading Assets
| Currencies | 99 |
| Indices | 46 |
| Stocks | 13000 |
| Cryptocurrencies | 15 |
| Bonds | 19 |
| Metals | 11 |
| Energies | 9 |
| Soft Commodities | 20 |
| ETFs | 5400 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
IG Support
| [email protected] | |
| Phone | +442076335430 |
| YouTube | YouTube |
IG vs Competitors
| Features | IG | FOREX.com | eToro | ActivTrades | Pepperstone | XTB |
|---|---|---|---|---|---|---|
| Type | MM, DMA | MM, DMA | MM | MM | ECN, DMA | MM |
| Minimum Deposit | $1 | $100 | $200 | $1 | $1 | $1 |
| Regulators | FCA, BMA, BaFin, FSAN, AFM, CONSOB, CNMV, ACPR, FI, FINMA, NFA, CFTC, ASIC, NZ FMA, JFSA, JFFA, MAS, FSCA, DFSA | CIMA, FCA, CIRO, CySEC, SFC, JFSA, ASIC, MAS, CFTC, NFA | SFSA, FCA, CySEC, ASIC, SEC | SCB, FCA, CMVM, CSSF, CONSOB, CVM | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA | BFSC, KNF, AMF, ACPR, FCA, CNMV, DFSA, BaFin |
| Platforms | MetaTrader 4 (MT4), IG Trading Platform, L2 Dealer | FOREX.com, Ninja Trader, MetaTrader 4 (MT4), TradingView | eToro | MetaTrader 4 (MT4), MetaTrader 5 (MT5), ActivTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | xStation |
| Spread | average | average | high | low | low | average |
| Leverage | 1:200 | 1:50 | 1:30 | 1:400 | 1:500 | 1:500 |
| Assets | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies |