IG’s state-of-the-art platforms, sophisticated trading tools, and first-rate customer service make it the go-to broker for new and skilled professionals. However, the broker’s pricing structure is expensive, besides having a higher minimum deposit threshold. This review covers the broker in depth.
IG is a leading online broker that offers a comprehensive range of trading services for various financial instruments, such as forex, stocks, indices, commodities, and cryptocurrencies. The company has been operating for over 40 years and has a strong reputation for offering user-friendly platforms, flexible account types and reliable customer support. The broker provides traders access to advanced trading tools, including a proprietary web-based platform, mobile applications, and educational resources such as market analysis and trading signals. Whether you are a seasoned trader or just starting, IG has all the resources and expertise to help you meet your investment goals.
IG holds regulations from several reputable financial institutions, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the German Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), the Securities and Futures Commission (SFC) in Hong Kong, and a few more. Being regulated by multiple financial institutions, IG ensures transparent operations following fair policies and employs strict security measures to protect traders’ funds.
Regarding business reputation, IG has a long history of providing quality trading services to its clients. The company has received numerous awards and accolades, including being named the “Best Forex Broker” by several publications.
IG offers several account types to cater to the needs of individual traders. These account types include;
Note: A virtually funded demo account is also available for those reluctant to take the market risk with their real money.
IG’s extensive product portfolio comes with a diverse range of financial instruments and markets for trading. Clients can trade more than 80 currency pairs, including majors, minors and exotic. The company provides access to a wide range of indices and shares in over 17,000 companies listed on major stock exchanges. Other available financial instruments include commodities (such as gold and oil), cryptocurrencies (like Bitcoin, Litecoin, and Ethereum), Options trading, Government gilts and Corporate bonds.
IG offers you a diverse range of trading solutions via both in-house and third-party trading platforms. Below we list them all;
IG charges fees and commissions for its trading services, depending on the selected financial instrument and the account type. Some of the main fees include;
IG provides a comprehensive set of trading tools and resources, including real-time market data, charting tools, research and analysis, and educational resources to help traders make informed investment decisions. These resources keep traders up-to-date on market trends, help them analyze market data, and improve their trading outcomes.
IG offers several options for deposits and withdrawals, including bank transfer, debit and credit cards, PayPal, and some local payment methods, depending on the trader’s location. While the company doesn’t charge you for deposits, the minimum amount required to open an account with IG is $300 for card payments, but there is no minimum threshold for wire transfers.
The company processes withdrawals through the same methods as deposits while no fee is applicable, with the processing time varying depending on the method used. For instance, card payments will likely reach your account within 2-5 working days, while bank transfers take around 24 hours at IG.
Pros
Cons
IG is a regulated online trading firm offering a rich product portfolio across multiple financial markets. It provides market insights, research resources, advanced tools and indicators and educational materials to help traders make informed decisions. IG has a good reputation in the industry and has received positive feedback for its easy-to-use trading platforms and efficient customer support. However, the minimum deposit requirements are slightly higher in addition to an expensive pricing structure compared to other brokerage firms in the industry, making it a tough call for low-budgeted clients to signing-up with it.
Although IG has been one of the most renowned brokers for over four decades, signing up with a company should only be your decision. Before opening an account with a broker, you should thoroughly research the company, understand its services and fees, and consider your investment goals and risk tolerance.
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