IG Review

Up to 500:1
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Company Information With more than 40 years of experience, giving more than 150,000 clients an access to 10,000 markets for trading, and with 7 million transactions per quarter on a global… more

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Website URLhttp://www.ig.com/
HeadquartersSofia, Bulgaria
Support Number0800 1953100
Support Emailnewaccounts.bg@ig.com
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Bulgarian, Danish, Croatian, Finnish, Irish, Hungarian, Norwegian, Swedish, German, French, Italian, Lithuanian, Slovak, Greek, Estonian, Latvian, Slovene, Maltese, Portuguese, Czech, Spanish, Icelandic, Dtuch, Romanian, Chinese, Japanese, Arabic, Afrikaans
Minimum 1st Deposit$150
Minimum Trade Amount0.5 £ per point
Maximum Trade Amount100 £ per point
PayoutUp to 500:1
Free Demo AccountYes
Regulated Yes
RegulationFinancial Conduct Authority (FCA)
Account TypesLive, Demo
Deposit MethodsCredit Card, Bank Transfer, PayPal
Withdrawal MethodsCredit Card, Bank Transfer, PayPal
Types of AssetsForex, Indices, Shares, Commodities, Bonds, Bitcoin, Ethereum
Account Currency EUR, USD, GBP
ECN Broker Yes
Scalping Allowed Yes
Managed No
Lowspread Yes
Forex Demo Contests No
Forex Live Contests No
US Traders Allowed No

Full Review

Company Information

With more than 40 years of experience, giving more than 150,000 clients an access to 10,000 markets for trading, and with 7 million transactions per quarter on a global scale, IG is one of the principal providers of financial spread betting and contracts for difference (CFDs). Indeed, IG is UK’s biggest provider of retail Forex with a global net trading revenue of over £450 million (May 2016).

Absolutely devoted to turning financial markets into a more accessible way for trading, IG’s tech “revolutions” comprise of the first online trading service (introduced in 1998) and the first broker to permit iPhone trading in 2008.

IG adheres to the stringent regulations of the Financial Conduct Authority (FCA) and holds a registration number of 114059 under IG Index Limited. IG’s large majority of customers are not just city traders. Rather, they are professional ladies and gentlemen that have keen interest and enthusiasm in the financial markets.

IG’s technology is a combination of excellent features and ultra-speed execution, crafted to address even the most fastidious trader needs and provide them with an exceptional trading atmosphere on all tech devices. IG is at the forefront of altering the face of trading.


Trading Information

To launch an IG account requires simple efforts, involves no downloading, and is completely gratis. There are two types of accounts at IG – a live account which comes with a full access to more than 10,000 markets, a complete introduction programme, and funding either by bank transfer or debit/credit card; and a demo account which gives you instant access, learning in an environment free of risks, and practising trading with virtual funds to the tune of € 30,000.

IG prides itself on low spreads that commence at 0.6 points on AUD/USD and EUR/USD pairs; unique array of charts that are accessible both on mobile and desktop; dealing on Bitcoin prices without having the need to purchase and supply actual bitcoins; and total market transparency thanks to Forex Direct (DMA).

With IG, there is one platform with one login, but three ways to trade. For most U.K. residents, IG guarantees an instant online verification of identity. It should be remembered that the company, prior to registering, requires all its future investors to pass an appropriateness assessment to examine whether share dealing, CFD trading, or spread betting are appropriate for them.

Most countries, save for Australia, Turkey, and the United States, are accepted. To launch a shares ISA and an IG stocks, a client must be a resident of the U.K.


IG’s Trading platforms

With IG’s web platform, all its avid users are capable of opening, closing, and editing positions quicker than ever – in a matter of seconds; splitting charts to be able to simultaneously view the same market spread across multiple timeframes; customising workspaces by market ahead of major events or for everyday dealing; applying an array of drawings and indicators without needing to sacrifice stability or speed; trading more efficient in a quicker way with smart setting that remember a trader’s stop values and deal sizes; obtaining breaking news through Twitter and Reuters and checking what stocks are on trend among the clients of IG.

The charts of IG are fast thanks to the flexible HTML5 technology; one chart can provide multiple timeframes; there are tailored annotations and indicators; and dealing is done in an instant directly from charts.

With IG’s platforms, there is an access to a signal centre, trading alerts, and an automatic execution. Thanks to the last feature, an individual is able to execute automatic trades during the day or night; allow for pre-planned strategies; analyse trends and identify new opportunities with a broad array of indicators; and back test against historical data.

Next to the MT4 platform, there is the L2 Dealer at IG which allows for advanced share CFD trading. In addition, there is the ProOrder, exclusive only for U.K.’s IG, which is a part of ProRealTime, permitting automation of CFD trading and spread betting. A £30 fee is applied for accessing ProRealTime unless you have already executed four (4) trades.


Security and Customer Services

There is not a single Forex brokerage that does not place a good amount of investments to solidify the security of client transactions and their sensitive private data, especially when we are talking big money. IG is, of course, not only not an exception but also one of the pioneers in securing a pleasant, yet safe, trading atmosphere for all its enthusiastic customers from all walks of life and every part of the globe.

In this regard, the Forex corporation not only abides by the regulations and stipulations of the Financial Conduct Authority but also by those of U.K.’s Gambling Commission.

Armed with a customer-oriented approach and a strong focus on customer services, IG punches above its rivals’ weight by providing an excellent client support that lives up to the expectations of any customer and deals with his or her issues with high levels of attentiveness and professionalism. Reaching IG is possible through free telephone lines, a live help, and via Twitter.

IG’s registered address is in the heart of London, but the company has international hubs around the globe. Besides English, the company speaks Bulgarian, Danish, Finish, Gaelic, Hungarian, Norwegian, Croatian, German, French, Greek, Czech, Estonian, Spanish, French, Italian, Lithuanian, Latvian, Romanian, Slovak, Icelandic, Dutch, Maltese, Portuguese, Slovene, Swedish, Chinese, Arabic, and Japanese.


Deposits and Withdrawals of IG

IG lacks a considerable amount of flexibility when it comes to deposit and withdrawal options. It’s true that the company has the usual deposit options, such as Bank Wires and credit and debit cards, but it does not support any digital wallets. This is quite weird as many other smaller enterprises support e-wallets.

However, if we ignore this fact, all other deposit options are trustworthy and quite quick. For some methods, the processing time is instant while others necessitate from 1 to 3 working days. There is no mention of withdrawal fees and typically they are executed using the same deposit option. Filling out a withdrawal form is compulsory before any transfers.


Deposit Bonus and Loyalty Programmes

IG likes pampering its loyal customers. By referring a friend, traders can get additional cash credited to their accounts. 1 referral yields £50, but 3 referrals yield £200, and 5 friend referrals yield £400. Your friends are first examined and if qualified, you will receive the designated funds. Keep in mind that friend referrals are capped at 5 at IG.


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