IG Review

MIN. DEPOSIT $150
No BONUS
0 Users (0 votes)
Odds0
Services0
Support0

Overview

Company Information IG is a very well-known Forex broker that has been operating since 1974. Their online trading platform was launched in 2003. The brand is the property of IG… more

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Details

BrokerIG
Website URLhttp://www.ig.com/
Founded2003
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
BonusNo
Free Demo AccountYes
Regulated Yes
RegulationFinancial Conduct Authority (FCA)
Deposit MethodsCredit Card, Bank Transfer
Withdrawal MethodsCredit Card, Bank Transfer
Types of AssetsForex, Indices, Shares, Commodities, Bonds
Account Currency EUR, USD, GBP
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

IG is a very well-known Forex broker that has been operating since 1974. Their online trading platform was launched in 2003. The brand is the property of IG Markets Ltd., and they are a fully licensed company operating under the authority of the FCA. Their headquarters are located in London, U.K., and they have several other offices around the world (China, Australia, Japan, Singapore and South Africa). They have acquired every license needed for every country where they offer their services. As a reputable broker with over 40 years of experience in providing financial and trading services, you can undoubtedly say that it’s in the top 10 of most secure companies where you can invest. Traders all over the world use their services on a daily basis, and there have been only good reviews about them. If you are looking to trade with currencies, shares, CFD’s, indexes, bonds and commodities, IG Markets is just the place for you. Let’s see what account options they have.

 

Trading Information

IG Markets offers two types of accounts. The first one is the Standard and provides all of the features and trading instrument that a beginner trader needs. Your account size can be as small as $1, but there is a condition that you have to deposit a minimum of $200 if you use card payment. Minimum position size is 0.1 lots. The spreads for this broker are variable, and they can go from 1.27 pips for majors like EUR/USD to 0.8 for the same currency pair. A total of 61 currency pairs is provided. The leverages are 1:200 for Forex, CFD’s, gold and silver and oil. Spread betting is also available on this account. One-click trading and pending orders are supported. The ECN account is for serious traders and requires a $50000 minimum account size. Here you have almost the same conditions as in the standard account, but you can advantage of a $3 commission per 1std. Lot and use their specialized L2Dealer platform.

 

Trading Platforms

IG Markets offers the best selection of platform for traders who use their services. There is a total of 3 platforms provided (for different accounts), and you can use them with every device. The first one is the most popular Metatrader4 platform which has already been a top choice for many traders throughout the years. It’s perfect for forex trading and can be customized for optimal performance. The PureDeal platform is another interesting choice where you can easily trade CFD’s and practice your spread betting. The layout is fully customizable and easy to understand even for first time traders. The charts are updated in real time and you can one-click trade from them without any hassle. Great interface and large icons will help you in your daily trading experience. The ECN account will give you access to and additional platform called the L2 Dealer. This piece of software is designed for professional traders with a lot of experience. It offers some other features to CFD’s trading and promises direct market access at all times.

 

Security and Customer Services

In the first few paragraphs, we already mentioned that IG Markets has acquired all the licenses need to operate. In addition to that, they have implemented a secure SSL encryption to protect their clients’ personal data. If you ever experience a problem with the platform, or you just have questions concerning the trading experience, there are several methods to find your answers. First is the help center page where all frequent questions are answered. There is a helpful keyword search tool where you can find answers to certain topics. The second is to contact the customer support teams. There are several way you can do that. By phone, by email or visit their social media profiles. Live chat is missing as an option, but from what people have reported response times are pretty quick. A Demo account option is provided for users who would like to test out the trading experience without any deposits.

 

Deposits and Withdraws

Deposit and withdrawal methods are where IG Markets lacks some flexibility. The platform offers three different account currencies (USD, GBP, and EUR). They have the usual deposit methods like credit/debit cards and bank transfers but don’t have support for digital wallets for example. This is somewhat confusing as many smaller companies have that payment method. Despite this fact, the deposits methods are usually quite fast and reliable. Processing times are instant for some methods and from 1 to 3 business days tops for others. Withdrawing money from your account can usually be done using the same method you deposited them. There are no mentioned processing times or fees, but usually, there are certain charges for people who withdraw funds often. You’ll have to fill out a withdrawal form before any money can be transferred from your account.

 

Deposit Bonus and Loyalty Programs

Currently, there are no deposit or sign up bonus offers from IG Markets. There were some before but right now you’ll have to be satisfied with the trading experience alone. Usually, this type of offers are made to attract more clients, and it seems that IG Markets draws a lot of traders without them. It would be nice to see at least a loyalty bonus program implemented in the future to encourage the already registered users.

 

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