IG pays special attention to beginners by incorporating easy-to-understand videos and other educational contents meant to help them understand forex in their education section. IG offers its users different payment methods that can be used either for deposits or withdrawals. IG International Limited is part of the IG Group and its ultimate parent company is IG Group Holdings Plc. IG International Limited receives services from other members of the IG Group including IG Markets Limited. Professional accounts receive lower margin requirements but lose the negative balance protection found on retail accounts. IG does not charge any deposit fees unless you are funding your account with a credit card or making a same-day transfer of less than £100 or equivalent.
Forex Risk Disclaimer
Compare the markets and instruments offered by IG and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare IG with the top 3 similar brokers that accept traders from your location. IG’s long-standing presence in the industry, combined with a large and diverse client base exceeding 300,000 traders, speaks to its reliability and trusted reputation. Additionally, the website hosts live webinars aiming to enhance trading skills, spotlight pivotal events, and pinpoint influential news catalysts.
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You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. IG’s technology focuses on stability, speed, and achieving improved pricing within the forex trading market. IG’s pricing model is also able to fill 98.3% of their market orders within 0.014 seconds across all trading platforms, including the spread bets. At IG, retail investors can profit from consistent liquidity and advanced dealing options that ensure forex traders will always get the desired exchange rate with zero slippage on 89% of their trades.
Overview of Trading Platforms
- Integrated into the app are news headlines from Reuters, price alerts and customised watchlists.
- Tools within the platform, such as the ProRealTime optimisation suite and the platform’s own coding language – ProBuilder, make it easy to create, back test and refine your own algorithms from scratch.
- Nevertheless, the broker holds a rating of 4.1 out of 5 after 5.9k+ reviews on trustpilot.
- You should expect to agree to various risk disclaimers and related disclosures.
Building on this foundation, the broker was one of the first to provide online trading in the UK and continues to be at the forefront of digital trade innovation. IG offers a significant range of trading options with 97 forex pairs and 19,537 tradeable symbols, which is considerably above the industry average of 3,623 symbols. IG’s integration of ProRealTime charts continues to enhances desktop-based technical analysis capabilities, while the mobile app’s intuitive design allows trading on the go. The minimum deposit to open a trading account is $250 or the equivalent in your account currency.
It’s well laid out and a convenient option when you just want to stay on top of things, or develop your trading skills (which we’ll get to in a bit), but it does lack complex conditional orders. Get integrated access to a leading charting package by upgrading to ProRealTime advanced charting platform for free once you meet IG’s reasonable trading activity requirements. IG offers platform choices to suit web, mobile, iPad, tablet and MetaTrader4 users, on both iOS and Android. However, IG does not offer client money protection for traders in the U.S.
In this review of IG, we focused on the UK entity (IG Markets Ltd) which is regulated by the UK Financial Conduct Authority (FCA). IG stands head and shoulders above the competition in multiple categories. The Standard Account offers rock-bottom trading costs, with spreads as low as 0.6 pips in pairs like EUR/USD and 30 cents in gold. Three Specialist PlatformsFor those that prefer to use more popular platforms compared to IG’s platform, three of the most popular options are available for forex trading. The absence of trading Apps is the only major disadvantage that comes with IG’s specialist platforms. The platform is also complemented by an excellent suite of research tools and interactive charts equipped with a full range of technical indicators.
All educational materials are free, though you’ll need to be logged into your IG account to start using them.
Have been using IG for years for spread betting (in the UK) and CFDs (in AU). Very easy process and IG automatically ported my W8BEN status from my CFD account, which was great. I actually don’t know why I didn’t set the share account up earlier as it’s so much better than the other platforms I was using in AU and significantly cheaper. IG holds your funds across a variety of banks and collectively services over 190,000 active clients as of its latest annual report for 2023. It is important to use a broker that is well-capitalized to reduce your potential counterparty risk, and IG’s market capitalization of over 2.94 billion pounds (as of January, 2024), makes it a safe choice.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
In their comments, most users appraised the company for the specialist platforms and large number of tradable markets. The mobile app offers a wide range of tools, technical indicators; such as Bollinger Bands, Fibonacci retracements and MACD, Real-time market data, Economic calendar and Price alerts. The broker charges commissions and the percentage of commission charged depends on the particular market traded. In the case of CFD trading, there are no commissions when trading instruments such as forex, indices and cryptocurrencies.
Furthermore, L2 Dealer allows traders to participate in share CFD trading, forex, and other instruments, benefiting from competitive pricing and liquidity from primary exchanges and MTFs. Overall, L2 Dealer is IG’s DMA platform for traders seeking a deeper understanding of market operations. It provides Level 2 data, revealing executable prices directly from market liquidity providers. They give traders access https://traderoom.info/is-ig-a-truly-reliable-brokerage/ to over 80 forex pairings, which include major, minor, and exotic currency pairs. ➡️Options – They provide approximately twenty options markets, enabling traders to implement strategies per their market perspective while benefiting from defined risk. Furthermore, its platforms are praised for their extensive features and user-friendly interfaces, which makes them appealing to both novice and expert traders.
IG provides home-grown mobile apps for iOS and Android that can also be loaded on tablets. Basic features include customized watchlists, price alerts, and technical charting. The indicator list is adequate but omitted from the menu structure, reducing accessibility.
IG’s commissions and fees structure offers competitive terms like an average spread cost of 0.98 on the EUR/USD pair, which is better than the industry average of 1.08. Additionally, discounts are available for active traders to lower costs even more. IG is a top-tier choice for traders seeking best-in-class forex and CFD options.
They are fees clients must pay while performing any trading activity on the broker. IG’s investments offering includes share dealing, smart portfolios, ISAs, SIPP, and ETFs. If you are trading with IG, the CFD broker charges only the spread on all the asset classes except for shares. The spread starts from 0.6 pips for the major FX pairs, 0.3 points for Gold, and 1 point on the major indices like the FTSE 100. The other fees include the swap, FX conversion and an inactivity fee of £12 if your account is dormant for 2 years or more.
IGTV is a really interesting video channel that presents IG Live videos three times a day and features pre-open bulletins, live charting analysis, and forward-looking insights. The content covers CEO interviews, market insights, technical analysis, and educational https://traderoom.info/ content, and is available in an extensive on-demand video library. The minimum deposit requirement differs based on the chosen IG entity for your trading account and your country of residence, but starts from just $0, making the broker accessible to beginners.