IG is an online provider of trading services enabling traders to access 17,000+ markets all over the world. It offers 24-hour Indices and extended hours for US shares trading. What are the trading conditions in IG broker?
We’ll explore the broker’s account types, financial markets (Forex, Shares, Options, Futures, Crypto, etc.), trading platforms, regulatory status, and many more in this IG broker review.
IG; Broker Introduction and Regulation
Founded in 1974 in London, IG has become one of the industry's largest and most respected brokers. IG International Limited is a member of IG Group and is regulated by the Bermuda Monetary Authority.
The company has sales offices in 17 countries across 5 continents and serves 313,000+ clients. IG Group is a constituent of the FTSE 250 index (Footsie 250) and regulated by multiple top-tier financial authorities, including:
- Australia Securities & Investment Commission (ASIC);
- United Kingdom Financial Conduct Authority (FCA);
- Japan Financial Services Agency (FSA);
- France The Autorité des Marchés Financiers (AMF);
- New Zealand Financial Markets Authority (FMA);
- Monetary Authority of Singapore (MAS);
- Dubai Financial Services Authority (DFSA);
- South Africa Financial Sector Conduct Authority (FSCA).
This multi-jurisdictional regulatory framework gives traders confidence in IG's operations and protects their investments. It also ensures the safety of client funds, adherence to industry standards, and the availability of dispute resolution mechanisms.
IG Broker Table of Specifications
To give you a clear picture of what IG offers, here's a comprehensive table of specifications.
Broker | IG |
Account Types | CFD |
Regulating Authorities | ASIC, FCA, FSA, AMF, FMA, MAS, DFSA, FSCA |
Based Currencies | USD, GBP, AUD, EUR, SGD, HKD |
Minimum Deposit | Unlimited |
Deposit Methods | Bank Transfer, Credit/Debit Cards |
Withdrawal Methods | Bank Transfer, Credit/Debit Cards |
Minimum Order | $1 per trade for the first two weeks |
Maximum Leverage | 1:200 |
Investment Options | Trading signals, Algorithmic trading |
Trading Platforms & Apps | MT4, TradingView, L2 Dealer, ProRealTime, Proprietary Platform |
Markets | Forex, Indices, Shares, Commodities, Cryptocurrencies, Bonds, IPOs |
Spread | Variable based on the instruments |
Commission | $0.0 (except for Shares) |
Orders Execution | Market, Limit, Stop-Loss, Trailing Stops, Trigger, Guaranteed Stops |
Margin Call / Stop Out | N/A |
Trading Features | Academy, Signals, Economic Calendar |
Affiliate Program | Yes |
Bonus & Promotions | Referral, Rebate |
Islamic Account | No |
PAMM Account | No |
Customer Support Ways | Email, Live Chat, Phone, WhatsApp |
Customer Support Hours | 24/6 |
IG Broker Account Types
IG Markets offers only one trading account with extensive features. However, during the registration, you can choose your preferred trading platform and the market model. Key features of IG CFD Account:
Markets | 17,000+ |
Min Order Size | $1 per trade for the first two weeks |
Margin/Leverage | From 0.25% for forex, 5% for shares, and margin factor for indices |
Leverage | 1:200 |
Phone Trading | Yes |
Demo Account | Yes |
Min Deposit | No limit |
Why IG broker (Upside and Downside)
Tight spreads, low commissions, award-wining trading platforms, and segregated accounts are some of the advantages you’ll get by trading with IG. However, there are downsides to it, too.
Pros | Cons |
Wide range of markets and instruments | Occasional platform outages during high-volatility periods |
Robust regulatory framework | Limited cryptocurrency offerings |
Comprehensive educational resources | Lack of 24/7 support |
Strong reputation and long-standing presence in the industry | - |
IG broker Account opening and Verification
We must discuss the registration process in this IG broker review. To benefit from the company’s trading charts, signals, algorithmic trading, APIs, and many more, follow the steps below and create an account.
- Navigate to the broker’s official website;
- Click “Live Account”;
- Fill in the “Personal Details”, “Address”, “Financial Details”, and “Trading History” forms;
- Provide KYC documents, including proof of identity (passport or ID card) and proof of address (utility bill or bank statement).
IG broker Trading Platforms
The company offers a full suite of trading platforms, from proprietary software to specialist platforms. Here’s a list of available trading platforms on IG.
- IG Android app;
- IG iOS web app;
- IG Web Trader;
- MT4;
- ProRealTime;
- L2 Dealer;
- TradingView.
Almost all of the mentioned platforms are free to use, but they have requirements that you should meet, such as ProRealTime (at least 4 transactions per month) and L2Dealer (minimum $2,000 balance).
IG broker Commission and Fees
The company offers competitive prices and fees. The rates for Futures and CFDs are variable. IG spreads on various markets:
Markets | Commissions | Spreads |
Indices | - | Floating from 1.0 pips |
Forex | - | Floating from 0.6 pips |
Commodities | - | Floating from 0.3 pips |
Crypto | - | Floating from 2.0 pips |
Shares | From 0.08% | - |
While IG's fees are generally competitive, it's important to consider all potential costs when planning your trading strategy. Some other potential fees on IG:
- Overnight Funding: Applied to positions held overnight, based on relevant interest rate benchmarks plus a small admin fee;
- Guaranteed Stop Premiums: A small fee is charged if a guaranteed stop is triggered (e.g., 0.3% for share CFDs);
- Inactivity Fee: $18 per month after two years of inactivity.
IG broker Payment Methods
When it comes to the payment methods, there are not much to discuss in this IG broker review. The company offers only two main payment system, including bank transfer and Credit/Debit cards.
Method | Min Deposit | Min Withdrawal | Commission |
Credit/Debit Cards | $50 | $150 | 1% charge for Visa and 0.5% charge for MasterCard. |
Bank Transfer | Unlimited | $150 | - |
Copy Trading and Growth Plans on IG
While the brokerage company doesn’t provide an automated Copy Trading system, you can use the “Signals” menu on the platform for social trading. Monitor the market signals and strategies provided in the platform and copy them to open positions.
In addition, you can use Algorithmic trading feature and APIs to automate your trades and earn profits without opening or closing positions yourself. Other than these, there are no specific investment plans on IG Markets.
IG Bonus Offerings
Bonus and promotional plans are indeed among the most attractive topics in this IG broker review. The company’s main promotional programs are referrals and rebate system.
- Refer a Friend: Earn up to $10,000 in a tiered system;
- Rebate: Receive rewards for your loyalty as cashback on your trading volume.
How to reach IG Customer Support
The broker’s customer support is available 24/6 through various channels, including live chat, WhatsApp chat, and other methods.
sales.en@ig.com | |
Phone | +44 (20) 7633 5430 |
Live Chat | Through the official website |
Scan the QR code on the “Contact Us” page |
IG Markets User Satisfaction (Trust Score)
One of the most important topics in this IG broker review is the trust score. The broker has received mixed comments and scores from users and experts.
3.7 out of 5 based on 7,089 reviews | |
Forex Peace Army | 1.8 out of 5 based on 174 comments |
Investopedia | 4.7 out of 5 |
Conclusion and Final Words
IG is a well-established brokerage company with over 45 years of experience in providing trading services for retail and corporate clients.
IG broker uses robust trading platforms to provide Spot, Futures, and Options trading on a wide range of devices from Android and iOS to Windows and Mac. Share your thoughts about the IG broker review in the comments.
