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IG Broker Review (IG Markets) 2024

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IG Broker Review (IG Markets) 2024
Academy Options Economic Calendar Futures Signals Affiliate
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:IG
Founded:London
Min Deposit:1
Max Leverage:200
Headquarter:London
US Accepted:
About
IG is a leading brokerage company operating as a member of IG Group providing online trading services, such as Spot, Futures, and Options trading. The broker covers various markets, including Forex, Crypto, Bonds, Indices, Stocks, and many more with leverage options up to 1:200.
Contact
Cannon Bridge House 25 Dowgate Hill London EC4R 2YA
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Wide range of markets and instruments
Robust regulatory framework
Strong reputation and long-standing presence in the industry
Comprehensive educational resources
Cons
Occasional platform outages during high-volatility periods
Lack of 24/7 support
Limited cryptocurrency offerings

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

IG
A broker with multiple awards, including “Excellence in FinTech Trading Platform” and “Excellence in Diversified Financial Services”

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)

Why IG Broker? (Pros and Cons)
Free educational materials, demo accounts, negative balance protection, and rebate programs are some of the attractive offerings in IG broker

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

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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.

  1. Navigate to the broker’s official website;
  2. Click “Live Account”;
  3. Fill in the “Personal Details”, “Address”, “Financial Details”, and “Trading History” forms;
  4. 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

IG Broker Trading Signals
Free Forex, Index, and Commodity signals by Autochartist and PIA-First on IG broker

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.

Email

sales.en@ig.com

Phone

+44 (20) 7633 5430

Live Chat

Through the official website

WhatsApp

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.

TrustPilot

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.

FAQs

Is IG a regulated broker?

Several top-tier authorities regulate IG, including the FCA, ASIC, and others.

What is the minimum deposit for IG?

$50 for credit/debit deposits and no minimum for bank transfers.

Does IG offer a demo account?

The broker provides unlimited demo accounts for practice trading.

What trading platforms can I use?

The company offers its proprietary web platform, MT4, ProRealTime, L2 Dealer, and mobile trading apps.

Is IG suitable for beginners?

The broker provides comprehensive educational resources and a user-friendly platform suitable for beginners.

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