About
IG was Founded in 1974 as the first company of its kind, offering award-winning platforms with financial market-levara through spread betting and CFDs to its clients. IG is authorised and regulated by the Financial Conduct Authority. (FCA) headquartered in Roseau.
IG has innovative CFDs and forex brokers rising up in the last few years by allowing clients to trade on indices, forex, shares, commodities and more. IG has managed to find its niche in the forex industry by offering all the necessary tools to operate the trading account, making them the number 1 broker worldwide.
Trust
IG is considered safe because it is a publicly traded company that operates a regulated bank, discloses its financials and is overseen by top-tier regulators.
In addition to that, client‘s funds are kept in segregated accounts at regulated banks and clients’ money are ring-fenced from the company’s creditors.
Trading platform
IG offers well-designed platforms for trading, such as web platform, mobile trading, and proreal time. The web trading platform is fast, easy, reliable, smart and customizable. Mobile trading allows clients to access all necessary features to trade, manage risk with wide range of tools including trailing and guaranteed stops, and monitor your positions at your fingertips.
On iOS devices, the app will operate on the iPhone, iPad or iPod Touch. For Android, the app is compatible with smartphones or tablets with an operating system of 5.0 or above. Prorealtime is designed for automated dealing by experienced traders. It gives users a fully customisable interface and trading experience.
IG offers the following online trading features in their easy-to-use deal ticket:
- Get an instant overview of market prices, spread, and margin with our simple, clean design.
- Mitigate risk and protect your profits with our range of stops and limits – including guaranteed stops for watertight protection.
- Optimise conversion charges by choosing the currency you’d like to trade in.
- Trade automatically by setting orders to open at your chosen level, then choose their expiry date or close manually.
- Set alerts to trigger when a market moves an amount, hits a price level or meets your technical conditions.
- Find dealing specs in the ‘information’ tab – minimum stop distances and trade sizes, margin factors and more.
MetaTrader 4 (MT4) is the most popular trading platform. MT4 indicators are powerful technical analysis tools that allows users to identify market trends and provide predictions for future price movements. MT4 add-ons enables clients to customise the MT4 platform to better suit their trading needs.
Account types
IG provides three types of accounts that allows clients to do forex trade and other markets trade. The Spread betting allows no capital gains tax to pay on profits, no commission on spread, no stamp duty and never stay below zero with negative balance protection. CFDs offers DMA on shares and forex, offset losses against profits as tax deduction, no stamp duty and never stay below zero with negative balance protection. Share dealing buy and sell US shares commission-free, and UK shares for as little as £3 per trade.
Costs
IG has low fees for stock index CFD, while forex fees are average to low. There is no fee for opening of accounts, no withdrawal fee and the inactivity fee is charged only after 2 years. On the negative side, the stock CFD fees are high. IG trade spreads from 0.6 points on key FX pairs like EUR/USD, 1 point on major indices like the Germany 30 and FTSE 100, and 0.3 points on Spot Gold.
Customer support
IG provides 24/7 customer support from 8am Saturday to 10pm Friday. Assistance is also available via phone, live chat, twitter and email. Frequently Asked Questions page are covered by its friendly, expert staff who are always ready to render assistance.
Regulation
IG is regulated by Financial Conduct Authority (FCA) of the UK along with several other top-tier ones.
Media
Conclusion
IG offers traders access to trade over 17,000 products across multiple asset classes, including forex, CFDs on shares, indices, commodities, bonds, cryptocurrencies, and provides access to other global markets, including exchange-traded shares through its regulated offering. With clients funds being segregated from the company’s funds, fast withdrawals, and 24/7 customer support across live chat, phone and email IG is considered the best in trading globally if you are looking for a new and potential brokerage.
