IG Guide – Read our In-Depth IG Review
This IG review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this IG review does not apply to US users.
If you're a new entrant in the world of trading and brokerage, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You will acquire adept at all of the concepts of brokerage since you continue trading. For starters, you need to select the right agent who will be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment program will generate hefty returns. IG is one such platform which will take you and your investment into great heights. It is important to understand all about IG until you trust them with your cash.
Our full IG Review covers all you need to learn about trading with IG. A good broker can multiply your initial investments and provide you positive profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investment goals.
There is no sure-fire way to guarantee profits; therefore, you must carefully analyze your broker before you choose them. It's a common misconception that all brokers will be the same, but that's not correct. Wrong judgment, initially, can put your investments at risk.
IG is a broker which has forged its way successfully to the broker world. In this review, we have attempted to collate a number of the vital aspects of IG. This review will help you to understand whether IG is a fantastic match for your investments or not. We have attempted to breakdown all of the features and fees for your advantage.
IG Review, Table Of Contents
- Who are IG?
- Benefits Of Trading With IG
- Everything you should know about trading with IG
- Is IG Safe To Trade With?
- Pro's & Con's Of Trading With IG?
- Compare Brokers Similar To IG
- Regulation And Licencing In More Detail
- IG Awards
- Minimum Deposit Required For A Live Account With IG
- IG Commission And Fees Explained
- Compare broker fees against IG
- IG Withdrawal Fees Explained
- IG Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With IG?
- Alternatives To IG
- Frequently Asked Questions About IG
Who are IG?
IG is a forex broker headquartered in UK and provides a range of tools for trading. Since its establishment in 1974, IG has emerged as a top-tier player in the field of online broker. IG has an extremely competitive and full-featured trading site that is focused on forex, indices, metals, sharesand commodities.
Over the past 47 years, IG has grown into one of the leading online brokers.
After launching in 1974, their consumer base has become as large as 178,500+ clients.
IG is a favorite of many dealers.. Our IG review discovered that they are an superb alternative for automated trading options. They're most appropriate for investors that are looking for an assortment of assets. Social and automated trading options are the core at IG.
Technology plays a significant role at IG. IG offers trading on MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps. IG is fair, transparent, and also a well-regulated agent by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC). Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.
The educational department at IG is very insightful for new traders since it allows them to have a closer look at the financial markets. IG caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to trading.
If you feel that IG is not right for you then at the bottom of this IG review you wil find a lot of alternatives to IG.
Everything you ought to know about trading with IG
IG is a dynamic platform that offers various techniques of trading online. These tools cover the financial markets substantially. Most of the broker platforms provide less approaches than IG
If you would like to trade with IG, you will require a minimum deposit of $200. This deposit is mandatory if you want to begin trading with IG. This 2021 IG review will direct you safely about trading with them.
IG is as flexible as another broker platform. IG is excellent for traders who want a manageable range of cheap services. The platforms provided by IG are third-party, white-label offerings. All traders may select from MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps.
Along with everything, IG has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a trade has to be kept open. The agents provide premium client service that rewards customers with benefits.
Many unprofessional brokers try to pressurise consumers into bigger financing for superior services. IG, on the other hand, is more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the more advantages will become available.
IG accounts are available globally and provides outstanding service wherever they have clients. There are a few countries where IG accounts are not available. Traders in the following countries cannot open or use a IG account:
Is IG Safe To Trade With?
Established in 1974, IG has been open for 47 years, they have a head office in UK.
IG is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC). These bodies have rules that make sure that trading platforms have measures in place to keep investor's resources procured. This means that IG users do not need to worry about their money since it's segregated and safely stored in established banks. SSL encryption simplifies each user's private information also.
You can make use of a choice for 2 Factor Authentications (2FA) with IG for heightened security. An SMS with the confirmation code will be sent to a mobile phone. You'll be required to input this code to log in to your account.
Another concern with financial brokers is in regards to security might be manipulation of trading. This is highly disadvantageous to users on those platforms. Nonetheless, this is much more prevalent in the case of Market Maker brokers who compete with customers on the stage.
Pro's & Con's Of Trading With IG
Every online trading platform will have some ups and downs, and no IG review would be complete without showing both sides. This IG review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- IG is trusted by 178,500+ clients
- IG offers Guaranteed Stop Loss
- IG doesn't charge withdrawal fees
- IG doesn't charge CFD fees
- IG offer trading on MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps
- IG offer 10,000 trading instruments
- IG trades major forex pairs
- IG trades minor forex pairs
- IG trades exotic forex pairs
- IG offers trading on cryptocurrencies
- IG can communicate in English, French, German, Spanish, and Portuguese
- IG does not offer Negative Balance Protection
- IG charge inactivity fees
- IG charge deposit fees
IG Review - Compare Brokers Similar To IG
|Regulated By||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217||Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)||Financial Conduct Authority (FCA), Financial Services Authority (FSA), Securities and Futures Commission (SFC)|
|Find Out More|
|Risk Warning||Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. 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.||CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money||Your capital is at risk||Your capital is at risk|
IG Review - Regulation And Licencing In More Detail
IG is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).
IG, as a company, has a strong set of rules for ensuring fair trading on its own platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
IG Review - Awards
- At the time of writing this IG review, they had not received any awards.
IG Review - Minimum Deposit Required
The minimum deposit you need to begin on IG is $200. This is an adequate amount for those just beginning. You can create more advanced residue as you cooperate. However, make certain you know how to make the most of your cash before investing larger amounts.
IG Review - Commission And Fees Explained
IG is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. In other words, an internet broker isn't necessarily affected by the amount of clients they have.
However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily three different types of fees for this objective.
The first sort of fees to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In these instances, you're spending a spread, financing speed, or a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Funding or overnight rates are people who are billed when you maintain a leveraged position for more than daily.
Aside from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake in your account. They're billed for operations like depositing money, not investing for long periods, or withdrawals.
In general, IG does not charge high fees compared to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who often trade, for example daily or weekly trading.
But, non-trading fees billed by IG are relatively lower. As a result, you are charged more for non-trading actions in your trading accounts, such as deposits and withdrawal. These aren't about the sale and purchase of resources.
This IG review breaks down each of the applicable non-trading fees for you in detail.
Compare broker fees against IG
|CFD Fees||Yes (0.1%)||Yes|
IG Review - Withdrawal Fees ExplainedIG doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from the IG account. You can withdraw up sums to the sum of your account balance, keeping aside the perimeter used. One thing to remember is that you don't always have to have any cash on your account.
Moreover, the withdrawn money will be moved directly to the account you use to make deposits. Therefore, in the event that you used a credit card for deposits, then the withdrawn money will be sent to the card. IG will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you're opting to draw in.
IG Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your head while open an account with IG. An inactivity fee is an amount charged to registered traders that haven't participated in purchasing or selling for a while. The period considered inactive is determined by the broker.
The inactivity fee also differs from 1 broker to another and is not generalized. If a traders account doesn't have a purchasing or selling trade, it's maintained by the broker as an inactivity fee. The traders have to pay this fee under terms and conditions they had consented while registering.
IG charges an inactivity fee if you don't make any trades for a while.
Even if no fees have been implied by IG, it's better for you to close the account if you are inactive. Inactivity fees aren't only charged by broker firms but also many financial services.
For additional trading platforms, the inactivity fee is contingent upon the type of account you've chosen. The inactivity fee is subjected to many circumstances and needs to be disclosed clearly by the agent beforehand.
IG Review - Deposit Fees Explained
When you transfer money into your trading account by your bank account, a deposit fee can be billed by the broker. Most brokers don't charge too much money for this particular operation.
IG charges a deposit fee for transferring money into your trading account.
Depositing money on the IG trading platform is simple. You just need to complete a single-user profile questionnaire to start depositing money into your trading account. You'll have to provide an identity evidence and evidence of residency to deposit substantial sums.
IG Review - Compare Broker Deposit Methods
What Can You trade With IG?
Note: IG offers a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered can be different depending on the country of residence of the client.
IG has a wide variety of over 10,000 instruments available for you to trade with.
If trading currency pairs is of interest to you then IG offer over 100 forex pairs.
Compare IG, Pepperstone, Etrade & z.com below.
Alternatives To IG
If, after studying this IG review, IG does not quite meet your needs check out these IG alternatives.
We've scoured the web to find the best alternatives to IG. Click the hyperlinks below to learn more.
Frequently Asked Questions about IG
Can I try IG before I buy?
Yes, you can most definitely try IG before you buy. IG provides demo accounts for the convenience of inexperienced traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register for a demo account on IG, you may set out using a decent amount of virtual currency. It's to establish a sense of security and confidence in you before you decide to invest your own money.
With this virtual IGdemo account, you are able to experiment at all, to whatever period you desire. You might even open positions, examine different trading approaches, and more.
IG specifies on its official site which you can exchange real time stocks in a demo account.
Is IG safe?
You can drop all of your worries because we believe that IG is totally safe to use. It is in compliance with the rules of Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).
To its credit, IG provides assured stop-loss protection.
Why does IG ask for my passport?
The reason that IG asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, IG has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, IG must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with IG?
The process to start trading withIG is perhaps simple enough to be a cakewalk. You need to begin by signing up on the IG website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with IG is $200. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with IG.
The best way to kickstart your trading career with IG is to open a demo account facility before risking any real money
What funding methods do IG accept?
There are a number of ways to fund your accounts with IG. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You have to keep in mind that PayPal is not available in all country. The monies IG
Is my money safe with IG?
Yes, your cash is safe and secure with IG. As you know, IG operates with proper conformation to. It's established plenty of measures to guard all of its investors.
IG protects its customers' personal and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further protect your accounts, it is possible to empower Two-Step Verification also. It takes an SMS affirmation for you to access your accounts.
Is IG trading good?
Yes, trading through IG is a pleasant and decent experience indeed. It is a great and intuitive platform with helpful features for your ease. Moreover, you can also gain access to a vast collection of educational tools and assistive substance to kickstart your trading experience.
If you remain skeptical, it is possible to open a eToro demo account and evaluate the credibility of the platform on your own.
Which Countries does IG support?
IG operates around the globe. However, due to regulations there are some countries that IG does not accept clients from
Is IG legit?
IG is a legit company headquarted in UK since 1974. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC). IG is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is IG a good broker?
IG is a great agent, and its own users can vouch for this. The highlight of this platform is its fast order execution on transactions.
You'll find the clean layout of the platform and the admirable features a pleasure to work with.
Is IG a trustworthy broker?
Yes, IG is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 178,500+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for IG?
The minimum deposit to open a live account with IG is $200
How long do IG withdrawals take?
Normally, withdrawal of money from IG is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from IG to show in your bank account.
Are IG regulated?
IG are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Is IG a market leading broker?
IG is indisputably among the business leaders. It has over 178,500+ registered users and over 47 years of expertise on its record. They're among the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It simplifies this standing to its unbelievable platform and wide range of resources plus tools so you may invest in capital markets.
Is IG a con?
No, IG is not a con. They are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) and must adhere to their rules. Thus, it is safe to say that IG is not a scam.
Can you make money with IG?
Using IG, many traders earn a great deal of cash. But on average, through continual trading, you also can create between 2% - 10% profit a month.
This can look like a little number, but over the entire year, this adds to a significant number of gains. Even though IG supply you all the tools to earn money, they cannot guarantee you will gain.
Does IG have fees?
Yes. To start trading with IG, you have to deposit $200. Certain commissions while trading also apply. Any processing fees from your bank will need to be incurred by you.
When was IG founded?
IG was founded in 1974 in UK. IG is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).
How many people use IG?
IG is a globally recognised broker with 178,500+ customers.
Where is the IG head office?
IG has its head office in UK
Does IG offer negative balance protection?
Does IG offer guaranteed stop loss?
Yes, IG offer a guaranteed Stop Loss order.
If there's absolutely no free margin left together with the client, IG will stop your positions. When the losses in the stopped out location exceeds your account balance, you might encounter a negative account balance.
Does IG allow scalping?Yes, IG do allow scalping. Many traders across the world select IG due to their services that are trading. They offer trading on MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps which allow this.
Does IG allow hedging?
Yes, IG does allow hedging.
Can you trade energies with IG?
Yes, you can trade energy stocks with IG
Can you trade agricultural shares with IG?
Yes, you can trade agricultural stocks with IG
Can you trade cryptocurrency with IG?
Yes, you can trade cryptocurrency with IG
Can you trade metals with IG?
Yes, you can trade metals with IG
Can you trade UK Shares with IG?
Yes, you can trade UK shares with IG
Can you trade US Shares with IG?
Yes, you can trade US shares with IG
Can you trade Japanese Shares with IG?
Yes, you can trade Japanese shares with IG
Can you trade German Shares with IG?
Yes, you can trade German shares with IG
Does IG accept bank transfers?
Yes, IG accepts bank transfers for depositing money.
Does IG accept credit cards?
Yes, IG accepts credit cards for depositing money.
Does IG accept PayPal?
Yes, IG accepts PayPal for depositing money.
Does IG accept Skrill?
No, IG does not accept Skrill.
Does IG accept Payoneer?
Yes, IG accepts Payoneer for depositing money.
Does IG accept Neteller?
No, IG does not accept Neteller.
Does IG offer Live Chat customer support?
Yes, IG offers customer support through live chat.
Does IG offer phone customer support?
Yes, IG offers customer support over the telephone.
Does IG offer email customer support?
Yes, IG offers customer support through email.
What languages can IG communicate in?
IG has the ability to communicate and support customers who speak: English, French, German, Spanish, and Portuguese
Does IG have a wikipedia page?
No, IG does not have an official wikipedia page.
Does IG offer demo accounts?
Yes, IG offers demo accounts so you can learn their systems before risking any real money.