IG Markets Review

IG Markets
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Overview

IG Index company information IG Index was the first spread betting broker worldwide founded in early 1974. IG Index is enlisted on the FTSE 250 stock exchange and is one… more

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Details

Broker IG Markets
Website URL www.ig.com
Founded 1974
Headquarters London
Support Number +44 207 633 5300
Support Types phone, fax, live chat, Skype, email: [email protected]
Languages English, Italian, Spanish, German, Russian, French, Portuguese, Greek, Dutch, Polish, Chinese, Japanese, Czech, Danish, Hungarian, Korean, Thai, Vietnamese, Multi-lingual
Trading Platform Mobile Dealing, Pure Deal, Web Dealing
Minimum 1st Deposit $10
Minimum Account Size $10
Minimum Trade Amount $1
Maximum Trade Amount $1m
Bonus no bonus
Payout within 48 hours
Leverage 1:700
Spread 0.8 pips
Free Demo Account Open Demo
Regulated Yes
Regulation IG is a regulated FSP (number 41393)
Commissions Yes
Commission Info $10 minimum on forex DMA
Account Types spread betting account, CFD trading account, Stockbroking account, corporate account
Deposit Methods Credit Card , Debit Card , BankTransfer
Withdrawal Methods Credit Card , Debit Card , BankTransfer
Trading Methods Trading signals, trade from charts, market commentary, e-mail alerts, mobile alerts, scalping, hedging, trailing stops, guaranteed stop loss, guaranteed limit orders, one-click execution
Number of Assets 10.000+
Expiry Times The binary options offered on NADEX by IG Index have expiry times ranging from 30 seconds 365 days.
Types of Assets forex, spot forex, CFDs, ETFs, commodities, shares, equity, indices, spread betting
Option Types binary options through NADEX binary option trading brand
Trading Currency All major and minor forex pairs including exotic ones like USD/RUB and USD/ZAR
Account Currency You can fund your account with any currency which will then be converted to the currency set under the 'my account' tab.
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 9.2

Full Review

IG Index company information

IG Index was the first spread betting broker worldwide founded in early 1974. IG Index is enlisted on the FTSE 250 stock exchange and is one of the biggest brokers worldwide. IG Index offers many different financial assets to trade like forex, commodities, CFDs, shares, ETFs, spread betting indices and even binary options available worldwide, including US traders on Nadex. IG Index has offices everywhere in the world and is officially the #1 CFD trading broker.

 

IG Index has designed a web trader platform and mobile apps for trading on smartphone and tablets. Apart from the normal IG Index trading platform there are also more specialized trading platforms available for experienced and advanced traders.

Level 2 dealer platform

The IG Index level 2 dealer platform gives direct market access (DM) for traders and traders can use this platform to directly trade shares and equity with.

ProRealTime Platform

The IG Index ProRealTime Platform offers an extended range of monitoring tools as well as advanced dynamic charting and graph making features.

MetaTrader 4

Apart from all IG Index’s in-house developed trading platforms it’s also possible to just use the world famous MetaTrader 4 for CFD’s and spot forex trading on IG Index.

IG Index account types

There are several trading accounts available at IG Index. Firstly, there is the demo account, which traders can use to practice trading the financial markets with IG Index on. Then there is the Trader Account, a type of trading account for experienced traders under MiFID regulation. The Limited Risk Account is for beginning traders that are new to to the financial markets and trading in general. This type of trading account comes with all sorts of ‘’newbie’’ features like guaranteed stop-loss and negative balance protection. Also leverage features are rather minimal on the Limit Risk Accounts. The costs of trading at IG Index depends on which type of account is being used and what kind of products are being traded. Where costs can get as low as 0.18 pips + minimum of $10 on Forex DMA, spread betting and CFD’s will be charged with a minimum of 0.8 pips and with trading on MetaTrader 4 the minimum spreads start at 1.2 pips.

IG Index Reliability

IG Index is regulated by a series of different regulatory organizations worldwide and has won many prizes for it’s trading platforms and customer service. Also IG Index is very open in the spreads, commissions and fees they charge. With it’s low, competitive spreads and gigantic customer base one shouldn’t be to concerned about IG markets reliability.

IG Index customer support

The IG Index customer support is 24/7 available by phone, fax, email, live chat and Skype in over 20 languages. IG Index already exists for over 40 years and their customer support is way better than any other online broker I have had contact with before. It seems that every customer support employe has faces the most common up to the most difficult issues before and there is always someone around who can help you in no time. The average respond time on emails is within 2 hours which is rather fast compared to other brokers.

IG Index US traders allowed

At the moment IG Index doesn’t take US traders on it’s spot forex, CFD, shared and equity trading platforms. But there is good news: IG Markets recently released NADEX, a binary options trading platform which is available for traders worldwide, including traders from the United States. NADEX comes in web trader and also in app form. Traders can thus trade binary options anywhere, anytime using both the PC version and smartphone/tablet apps IG Index developed for binary options trading.

IG Index review conclusion

IG Index exist already for over 40 years, one of the oldest brokerage firms worldwide. They managed to conquer the world of CFD and spot forex trading by becoming the #1 brand in over 150 countries. With licenses in many different countries and no known scam history IG Index can be considered a reliable broker. Low spreads and professional account types make excellent trading conditions for experienced traders whilst the limited-risk accounts are ideally suitable for new traders and people new to stock market trading in general. With a low minimum first deposit required of just $100 and a free unlimited demo account to practice trading with IG Index is an ideal broker for both new and experienced traders and definitely worth opening an account at.

✓ Advanced trading tools

✓ Free Demo Account to practice trading on

✓ Spreads as low as 0.8 pips and 0.18 pips on forex DMA

✓ Over 10.000 markets to trade

✓ Available on smartphone and tablet

 

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Pros

  • Advanced trading tools
  • Experienced and Knowledgeable Customer Support team
  • Free Demo Account to practice trading on
  • Multiple choices of trading platforms
  • Regulated Broker in Multiple jurisdictions
  • Over 10.000 markets

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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