|(4.9 / 5)||FCA (UK), NFA (US), AFSL (AU)||250$||0.6 Pips variable||16,000+|
IG is the one of the largest CFD Broker for online trading. When it comes to investments a lot of traders are talking about IG. But how good is the CFD Broker? – We will find out in this review. With more than 6 years of experience in trading, we will give you a detailed look at the broker. Get information about the conditions, fees, and platform. Also, we will answer the question: Is it really worth and safe to invest money with this company? – Read the full review now.
What is IG? – The CFD Broker presented
IG Group is an international company that provides brokerage services for any clients. The CFD Broker is founded in 1974 and traders can invest in a huge variety of assets. More than 1400 employees are working for this company which is also listed on the London Stock Exchange. The Headquarter is in London but the company got a lot of different branches in different countries. In 2018 the IG Group made more than 590 million turnovers.
The main focus of the company is to build a good relationship with its clients. IG wants its traders to succeed because the profitable traders will earn the broker more money. So through our review, it is outstanding that you get professional support and service with IG. In conclusion, IG is clearly one of the leading brokers in the trading industry. The broker knows exactly the area where he is operating and IG can give you the best conditions to invest with.
Facts about the company:
- Since 1974 a reliable broker
- International company with more than 195.000 active customers
- Listed on the London Stock Exchange
- One of the leading companies in the trading industry
Is IG regulated? – Regulation and safety of customer funds
When it comes to online investments regulation is one of the most important points to check. Official regulations and licenses for brokers are only possible if the broker fulfills different conditions and manage the financial products professional. An official license for the financial markets will show you that the broker is safe and fraud can be excluded.
As you see in the picture above, IG is an international broker. The company is multi regulated for each country and got a lot of different registrations and licenses. For example, the most popular regulation of IG is FCA regulation (United Kingdom). Customer funds are secure with an FSCS compensation scheme up to 85,000 £.
IG holds the customer funds on regulated and segregated banks which are also regulated. In addition, the fact that the company is listed on the London Stock Exchange shows us that the broker is very reliable. In conclusion, we can say that IG is one of the safest and highly regulated brokers in the world. Your money will manage professional and you can do deposits and withdrawals at any time.
Facts about the regulation:
- Multi regulated company (FCA, BaFin, NDA, AFSL)
- Registered in every country where the broker operates
- The company (IG Group Holding PLC) is listed on the London Stock Exchange which shows us high trust
- Customer funds are managed on independent regulated banks
- For European traders, there is a deposit guarantee of up to 100,000€
- The broker does not use customer funds for investments or hedging
Review of the conditions for traders – What offers are available?
As an international broker, IG offers a wide range of assets and markets for its clients. But keep in mind that the available financial products are depending on your country of residence and regulation authority. So in this section, we will give you an overview of what is all possible with IG but you have to check it by yourself.
IG offers to trade more than 16,000 international markets with different financial products. Forex, Indices, Shares, Commodities, Cryptocurrencies are available with competitive spreads. There are no fixed spreads and the spreads are depending on the market conditions. As you see in the picture above, for example, the minimum spread for Forex Trading is 0.6 pips.
Markets to trade with IG:
- Forex (Currencies)
- Crypto currencies
- Interes rates, Bonds, Sectors (ETFs), and more
As trader you can invest in different ways into these markets. Moreove a wide range of financial products are offered. Traders can choose between leveraged trading (CFDs) or normal investment. CFDs (Contract For Difference) is a another way to do OTC trading (over the counter trading). You can go long or short with a small amount of money and a high leverage on different markets.
The leverage always depending on the asset. Generally, leverage up to 1:200 is possible (EU traders maximum 1:30).
Furthermore, real stocks and ETFs are possible to trade with IG. So you can build up a portfolio and earn dividends. For short term and long term traders Spread Betting and Digital Options are also very interesting because you can invest with limited risk to get a high return. All in all, IG is one of the biggest brokers with the biggest range of offers for traders. In our opinion, you will find the right assets with this broker. You can just start with a free demo account or a minimum deposit of 250$.
- Contract For Difference (CFDs)
- Spread Betting
- Real assets
- Stocks, ETFs, Shares
- Options and Binary Options (US)
IG Trading Platforms review
The trading platform is the feature where you are making money. So it should be a reliable and professional trading software. IG offers different platforms for their traders. You can use a web-based platform or download software for your computer. Also, trading apps are available. From our experience, IG offers a trading platform for any type of trader. Whether you want to use professional order book trading or just invest with your smartphone you should feel comfortable.
- Trading Apps
- Web Trader
- MetaTrader 4
- Professional Platform L2 Dealer (with direct market access)
In the picture above you see the Web Trader. This platform can also be used as an App. From our review, the platform is user-friendly for beginners and advanced traders. You clearly see what you can do on this platform. It is a fully customizable platform which means you can do multi-charting, analysis, and use different windows for your trading.
Whether you want to see the news, do research, or analyze an asset you will find the right option in the platform quickly. We recommend trying the free demo account first before you sign up for real trading. In the demo account, you can test all functions as you want.
Professional analysis and charting
IG offers a huge range of analysis methods for its customers. In the Web Trader, you get live information about any market you want. For example, you can read the tweets of important news portals for traders. Also, notifications are possible like webinars or expert analysis from IG.
For charting the platforms come with different indicators and customizable charts. You can use free indicators or different chart types for trading. All tools for a professional Technical Analysis are available. If you want to trade with the order book you can use the L2 Dealer platform.
All in all, IG offers popular and professional trading platforms to trade with. The additional service and news section shows us that the broker will help you to trade successfully.
Trading Tutorial: How to trade with IG
As professional traders, we want to get a good order mask and execution for our trades. In the picture below you will see how to place a trade. IG gives the trader a good overview of the market orders. You will see your contract value and how much loss is you stop loss and how much profit is your take profit.
For example, one-click trading is also possible with IG but you have to activate it manually. You can set up market or limit orders. Moreover, alerts for your asset are possible. In the next points, we will give you a short instruction on how to trade with IG.
How to trade:
- Search for an asset and do an analysis. You should make a forecast of the market or know why you want to invest in this market.
- Choose your investment amount. The leverage amount will allow you to use more money.
- Limit your risk with a stop loss and set up a profit for your trade
- Sell or buy any market you want with CFDs or other financial products
- Place your deal and watch the market moving
Conclusion and overview about the Trading Platforms
In this last section about the trading platforms, we want to give you a good overview of the different platforms because of there a more than 4 available. In the dashboard, you can use a different account for the different platforms and transfer your money as you want.
Online trading platform:
- Available for your browser
- News and special analysis
- Full customizeable and multi-charting is possible
- Trade CFDs, Options, Stocks, and any other financial instrument
- Mobile Trading for any device
- Check your portfolio any time
- Fast order execution like the other platforms
- Analysis tools and news
- Worlds most popular platform
- Automated trading
- Customizeable tools
- Professional Trading
- Available for any device
- Professional Trading and order control
- Order book
- Direct market access for Stocks, CFDs, and more
- Liquidity pools
How to open your account?
To open an account with IG is very easy. You just have to insert your personal details and fill out the registration form. This can be done within less than 10 minutes from our experience. As regulated CFD Broker IG also has to verify your identity and personal data. The online application of IG is a big advantage compared to other brokers because you can use your phone or webcam to verify your trading account.
Free and unlimited IG demo account
An demo account is a virtual money account. You can trade without risk and try out the platform. We recommend to use this account first before you start investing with real money. Furthermore, it is a important point to use the demo account for develope new strategies or learn how to trade. IG offers a free and unlimited demo account with 10,000$.
Facts about the account opening:
- Easy and fast through online application
- Very fast verification
- Free and unlimited demo account
- Different account for different platforms and financial products
Review of the deposit and withdrawal methods of IG
As fully regulated and licensed broker there should be no problems with the deposit and withdrawal. Through our research, we did not find any traders who are complaining about it. Deposits and withdrawals can be made with electronic methods or the classic bank wire. In most cases, IG will not charge any fees for deposits or withdrawals. But sometimes the deposit system charges some fees which are depending on your country of residence.
Withdrawals are made between 1 – 3 days. Make sure that your account is fully verified before you withdraw your money. In addition, the broker act with the highest security level. Sometimes it can happen that the broker will see some bank documents or verification documents.
Facts about the payments:
- Use Credit Cards, PayPal, or Bank transfer
- No fees or very low fees (depending on your country)
- Withdrawals are made quickly
- Minimum deposit is 250$
- Fully regulated payment methods
Good education: Support and service for traders
As mentioned before IG wants its traders to succeed in trading. Professional analysists and support employees are working for this company. Since 1974 the company got a good track record and is a leader in the trading industry. The exactly know how the market works and they can give you good tips about it. The support is working 24 hours per day for you and the education program is huge.
What you can expect from IG:
- Interactive education
- Webinars and coachings
- News and analysis
- Trading strategies
- Financial events prepearing
- Professional risk management
- Different language support
- Chat, email, and phone support
From our experience the education center is huge. For any market and asset you will find a detailed description and a tutorial how to trade. Compared to other broker IG clearly gives the user the best education because on this broker successfull traders are welcome.
Conclusion of the IG CFD Broker review: It is one of the best companies
On this page, we showed you a deeper look into the world of the broker IG. It is one of the largest companies for online trading. Since 1974 it is a reliable brand for online investments.
IG is fully regulated and listed on the London Stock Exchange which shows us a very high trust. Besides, you can trade more than 16,000 different markets on one platform with one broker. This is a big advantage compared to other brokers. Furthermore, the fees are very low for trading. For example, the minimum spread on forex is about 0.6 pips.
In conclusion, IG is one of the best brokers when it comes to online trading. It is not a scam company like many other brokers. You get the highest security and the best conditions for any financial product. If you not convinced yet, then you should create an account by yourself and test the broker.
The advantages of IG:
- Broker since 1974 and listed on the London Stock Exchange
- More than 16,000 markets
- Different financial products (stocks, options, CFDs, crypto, and more)
- Free demo account
- No hidden fees
- Professional trading platforms
- Very good support and education for traders
IG is a professional broker with good conditions for online investments. You can do nothing wrong if you choose this broker. (4.9 / 5)