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General Information

Broker Name:IG Markets
Broker Type: Forex Broker
Country:United Kingdom
Operating since Year:1974
Regulation:FCA 195355, ASIC, 220440
Address: Cannon Bridge House 25 Dowgate Hill London EC4R 2YA
Broker Status:Regulated
Customer Service
Phone:New to IG: +35 318 009 95362
Existing clients: +35 318 009 95364
Email:[email protected] , [email protected]
Languages:English, Russian, Spanish, Chinese
Availability:24/7
Trading
Trading Platforms:MT4, Web Trader, Mobile Trader, L2 dealer
Trading Platform(s) Timezone:GMT +10
Demo Account:Yes
Mobile Trading:Yes
Web-based Trading:Yes
Bonuses:N/A
Other Trading Instruments:Currencies, Indices, Commodities, Shares CFD, Cryptocurrencies, Bonds, Options
Account
Minimum Deposit ($):450 USD
Maximum Leverage: (1:?)1:300
Spread:Variable
Scalping Allowed:Yes

IG Markets Review 2020

Review Contents:
  1. Introduction to IG Markets Review;
  2. Regulation and Safety;
  3. CFDs Trading: IG Markets as a CFD Broker;
  4. Markets to Trade;
  5. IG Markets Trading Platforms;
  6. Trading Fees: Too High or Just Right?
  7. IG Markets Review Summary.

Introduction to IG Markets Review

When talking about longevity and staying power, IG Markets’ brand inevitably pops out in any discussion. This UK-based broker is part of the IG Group Holdings Inc, which has been around since 1974. That is decades worth of brokering services. They went online in 2003.

IG Markets Review: welcome to the new world of forex trading

What’s more, IG Markets is among the top-tier, trusted brokers in the industry. It has around 178,500 active clients around the globe in more than 16,000 markets.

But are longevity and seniority enough to retain traders and attract more clients? Does seniority equate to quality services and satisfaction for traders?

Maybe not all the time, but, spoiler, IG Markets sure knows how to deal with its clientele.

Let’s dig into this broker.

Regulation and Safety

Of course, we answer the most critical question of all: is IG Markets safe?

IG Markets is a regulated broker, meaning it’s subject to strict rules that make it accountable for any suspicious or shady dealings.

Some big guns regulate it, such as the top-tier regulator Financial Conduct Authority from the United Kingdom.

So, that should squash all doubts over whether this broker is legitimate.

IG Markets: Public Company

IG Markets

If its regulated status does not impress you that much, perhaps this one will: IG Markets is a public company.

That’s right. It’s a public company. Traders and investors trade their parent company’s stock on a stock exchange.

To spell it out, being a public company requires IG to disclose financial information. You can easily see how the company works and, by extension, you know what to expect.

So, IG Markets is a broker that has endured market ups and downs since 1974, regulated by the FCA (which means traders receive protection), and is a brand of a publicly-traded company.

What could make it risky?

 

CFDs Trading: IG Markets as a CFD Broker

IG Markets as a CFD Broker

This one is not a point of concern that comes from the broker but from the traders. IG Markets is primarily a CFD broker.

A CFD is a trading instrument that’s a deal on the price movement of an underlying asset. It’s a highly leveraged instrument that only experienced traders often use.

In other words, it’s not safe for newbie traders.

So, if you are a new kid on the block and you are still getting the feel of the market, it is not advisable to trade with CFDs right off the bat.

Also, you cannot trade CFDs if you’re from Uncle Sam’s backyard. If you’re a US citizen, you will only be able to trade forex or equities with IG Markets.

But if you’re eligible and you want to take the shot, opening a CFD account with IG Markets is a piece of cake. You will not have to pay any minimum balance to open an account.

But of course, you need to fund the account if you want to start trading. IG Markets charges either a commission or the spread on each trade. You may want to stick around or scroll down to the subject of their fees.

Anyhow, IG Markets’ CFD account offers:

  • Tight spreads
  • Low commission
  • Low margins

There’s no setup or annual charge, but you have to pay an inactivity fee. You pay $18 on the first of every month if you do not participate in any trades for two years or longer.

There will be 0.25% for forex, 5% for stocks, and a margin factor for indices.

There’s a full range of tools for risk management, technical analysis, economic calendars, and many more.

Markets to Trade

There are more than 16,000 markets available to trade on IG Markets. So, you will never run out of options.

You can trade indices and enjoy continuous 24-hour pricing on 26 markets.

There are more than 16,000 markets available to trade on IG Markets

You can trade forex currency pairs and start gaining money by trading money for money. That’s a lot of money in one sentence.

Or, if you prefer businesses, you can trade shares. IG Markets serve stock trading of the most popular and influential companies around the world.

If you prefer precious metals and oil, head on to the IG Markets, there they also serve commodities. Cryptocurrencies? Check – all of the top six. If you still looking for more, discover more markets with IG like bonds, rates, and options contracts.

IG Markets Trading Platforms

With the complex and highly risky business of CFD trading comes a bunch of trading platforms. You got to face a lot of risks, so IG Markets ensures you have the right toolbox to finish the job.

IG Markets has two general types of platforms: Core platforms and Specialist Platforms.

The Core Platforms are:

  • Web-based platform
  • Mobile app
  • Tablet app

Meanwhile, the Specialist Platforms are:

  • L2 Dealer
  • ProRealTime
  • MetaTrader4

As you can see, there is no shortage of platforms with this broker.

Web and Mobile Trading Platforms

IG Markets offers the IG Trading platform that it boasts is faster, more precise, and smarter. You can open, close, edit, and aggregate positions much faster. The settings are also very intuitive, keeping track of your order size and volume so you won’t have to fill each time manually.

You can also use multiple timeframes at the same time. Also, you have access to a range of indicators and drawing tools without compromising the stability of the platform.

But those are not the best of all. Do you know the best feature of the IG Trading platform? It’s the ability to switch between the dark and light theme! No glares for days.

Also, you can install the app on your smartphone or tablet. You will not have to worry about missing a beat or forgetting to set your trades.

L2Dealer and ProRealTime

The L2Dealer provides direct market access (DMA). This specialist trading platform came out to serve the specific needs of IG Markets’ clients. According to them, this platform is most suitable for advanced stock traders.

Meanwhile, the ProRealTime offering is IG Markets’ leading advanced charting package. This one provides “powerful monitoring tools, access, and advanced trading analysis resources.”

According to IG, this platform is the most suitable for technical chart users. There’s also a lot of other exciting features to explore on this platform.

MetaTrader4 Trading Platform

MetaTrader4 Trading Platform

IG Markets also knows that traders may want to use something more familiar. The MetaTrader4 platform is the world’s top trading platform.

This third-party platform offers fantastic tools and features that will meet any traders’ needs. It’s suitable for forex specialists, and it’s best to use in automated trading.

You can use different orders like market orders, limits, stops, stop-loss, and take profit orders. You also gain access to advanced charting features.

Overall, IG Markets excels in the trading platform department.

But of course, no brokerage is ever perfect. There’s one thing traders need to consider before registering with this broker.

 

Trading Fees: Too High or Just Right?

There’s nothing wrong with trading fees, whether they’re cheap or expensive. But since a trader aims to gain the highest possible profits using the lowest possible amount of capital, fees and commissions can eat away their money. That is the outline for IG Markets review.

IG Markets has some pretty high trading fees that could be a bane for super active traders. For instance, if you want to trade a US stock, the fee will be $0.2 per share.

The minimum amount is $15. Its stocks CFDs are pretty expensive when compared with XTB ($18.1) and eToro ($0.0).

But that’s the only bad news.

Although IG Markets may have some pretty high fees for shares, its forex deals are pretty fantastic.

Overall, trading with IG Markets, with the fees in mind, means that you should be responsible for the risks you are taking. As we’ve mentioned, CFDs trading in itself is already risky. You should understand the risks you’re considering before you jump. And the same goes for fees.

 

IG Markets Review Summary: Is it Good?

review summary

IG Markets is a safe and legitimate broker. It offers itself as a secure, reliable, and trustworthy broker. Not only is it regulated by one of the most trusted regulators in the world, but it’s also a brand under a public company. That provides an extra layer of safety for investors.

IG also offers a wide variety of trading platforms, enabling traders to trade with the best tools. They can choose them according to their styles and preferences.

Overall, if you are a CFDs trader or a trader who wants security, albeit, for a price, trading with IG Markets is more than the right choice. It’s a brand that is definitely worth the shot, and we believe thousands of traders have made the right decision with this broker. Moreover, you should know how CFDs work.

Thus, you must understand that there is a high risk of losing your money. Of course, Forex trading involves risk.

All in all, the IG academy is a good choice. They have many assets and of course one of them is EUR USD. The fee level of it is average and the fees are built into the spread. The average spread cost is 0.7 pips.

The majority of new trading accounts can be opened automatically. Nevertheless, in some instances, the company might require submitting further documentation.

One of the researchers of IG markets is forexbrokers.com which spends 1,000 hours each year researching and testing online brokers. They say that company is stable.

The brokerage has placing orders. Thus, you can choose one of them:

  • Order of stop-loss
  • Order of trailing stop
  • An order of limit
  • Order of guaranteed stop

So, if you don’t want to lose money when trading then IG markets is a great choice.

As already said, IG offers research in the form of an Economic Calendar and streaming news from Reuters on its trading platform. Moreover, it offers content of a streaming video. All that is nicely organized across many categories. Including cryptocurrencies, CFDs on global stocks, and forex, research tools of IG include customizable screens for various asset classes.

Also, IG integrates PIA First and AutoChartist on its platform. Thus, it allows traders to view trade signals generated by technical analysis and automated pattern-recognition.

So if you choose to register and trade on IG markets we wish you luck and all the best gains.

To summarize the IG Markets Review: Our final impression is that it is wise to make the decision to trade with them.

 

  • Support
  • Platform
  • Spread
  • Trading Instrument
Comments Rating 1.94 (292 reviews)


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