IG online broker review – how good is the investment platform?

4.9 out of 5 stars (4.9 / 5)
$ 0
0.6 Pips variable
17,000+ (stocks, forex, CFDs, indices, crypto, bonds, options)

IG is one of the largest Brokers for online trading. When it comes to investments a lot of traders are talking about IG. But how good is the forex and CFD broker? – We will find out in this review. With more than 9 years of experience in trading, we will give you a detailed look at the broker. Get information about the conditions, fees, and platforms. Also, we will answer the question: Is it really worth it and safe to invest money with this company? – Read the full review now.

IG.com website

(Risk warning: 74% of retail CFD accounts lose money)

What is IG? – The online broker presented

IG Group is an international company that provides brokerage services for any client. The online 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 headquarters are 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.

IG Markets awards
IG Markets awards

All these factors make a first serious impression on me. On the company’s website, you can get transparent information about the business model of the CFD and forex broker. IG is backed by a very large and liquid company that has many years of experience in trading.

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
  • More than 1,700 employees

(Risk warning: 74% of retail CFD accounts lose money)

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 manages the financial products professionally. An official license for the financial markets will show you that the broker is safe and that fraud can be excluded.

IG is regulated and licensed in the following countries:

IG Internationale regler og lande
International regulations
  • Multiple countries in Europe
  • Singapore
  • Australia
  • South Africa
  • United Kingdom
  • Switzerland
  • USA
  • Japan
  • United Arab Emirates

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 of up to 85,000 £.

IG markets FSCS scheme
IG markets FSCS scheme

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 most highly regulated brokers in the world. Your money will manage professionally and you can do deposits and withdrawals at any time.

Facts about the regulation:

  • Multi regulated company (FCABaFinNFAAFSL)
  • 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

(Risk warning: 74% of retail CFD accounts lose money)

Review of the trading 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 markets and spreads
IG spreads

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)
  • Indices
  • Shares
  • Commodities
  • Cryptocurrencies
  • Interest rates, Bonds, Sectors (ETFs), and more

As a trader, you can invest in different ways in these markets. Moreover, a wide range of financial products is offered. Traders can choose between leveraged trading (CFDs) or normal investment. CFDs (Contract For Difference) is another way to do OTC trading (over-the-counter trading). You can go long or short with a small amount of money and high leverage on different markets.

The leverage always depends on the asset. Generally, leverage up to 1:200 is possible (EU traders maximum 1:30).

(Risk warning: 74% of retail CFD accounts lose money)

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$.

Financial products:

  • Contract For Difference (CFDs)
  • Spread Betting
  • Real assets
  • Stocks, ETFs, Shares
  • Options and Binary Options (US)
  • Barriers and turbos (a new type of options)

Several trading platforms are offered for trading, which we will discuss in more detail later. There is the well-known MetaTrader 4, a web-based software, and the ProRealTime platform. Customers also benefit from a unique service. Professionally trained staff can help you set up the trading platform. There are also webinars and daily analyses.

The conditions at IG are really good from my test results. Especially the large selection of products is in the foreground at IG. The spreads and trading fees are in the medium range. IG is suitable for any trader who wants to build a universal portfolio.

CFD Trading – Spreads and margin:

EUR/USD:0.6 pip3.33%
GBP/USD:0.9 pip3.33%
GOLD:0.3 points5%
OIL (WTI):2.8 points5%
S&P500:0.2 points5%

Stock trading:

Trade stocks by real value, CFD (contract for difference), or even barrier option. Barriers and CFDs are leveraged products that also allow you to speculate on falling prices of stocks. Trading over 16,000 stocks is possible even with a low margin. These include the stock exchanges from Europe, America, and Asia. All in all, a diversified portfolio can thus be built up at IG.

Surprisingly, IG offers IPO trading. Invest already in companies before the IPO. However, depending on the financial product, different fees will apply:

GERMANY0.05%5 Euro15 Euro
AUSTRIA0.10%10 Euro15 Euro
USA2 cents per share10 USD15 USD
UK0.10%10 GBP15 GBP
IRELAND0.10%10 Euro15 Euro
NL0.10%10 Euro15 Euro
BELGIUM0.10%10 Euro15 Euro

(Risk warning: 74% of retail CFD accounts lose money)

Stock CFDs:

Stock CFDs allow you to trade securities with a maximum leverage of 1:5. Even higher leverage is available for professional clients. However, 1:5 is completely sufficient from my experience. CFDs also offer the advantage that the trader can very easily short sell (investment in falling prices).

UK0.10%10 GBP15 GBP
USA2 cent per share15 USD25 USD
EURO0.10%10 EUR25 EUR

Stock Barriers (Options):

Options can also be used for stock trading. These are called Barriers at IG. You can find the conditions for these in the table below:

GERMANY100 shares0.05%5€15€
EURO100 shares0.05%10€25€
USA100 shares2 cents per share10€15€
SWEDISH100 shares0.10%99 SEK250 SEK


Stock indices are very popular because they reflect the economy and often show high volatility. In addition, these markets are very liquid and you can trade with low fees. IG even has a selection of over 80 indices. The stock indices are not only available during normal trading hours, because you can even trade them on weekends.

The spreads are variable and start as low as under 1.0 points. You can also trade various options on the indices. See the table below for the fees:

0.8 – 1 points
1.6 points
1.0 points
1.0 points

(Risk warning: 74% of retail CFD accounts lose money)


The range of currencies on offer at IG is quite large. Trade over 50 different currency pairs. Leverage of up to 1:30 is available for private traders. IG operates with a spread account without commissions. An ECN account on a commission basis is unfortunately only available for professional traders.

Generally, spreads are low and liquidity is high. IG is also suitable as a Forex broker for speculation on falling and rising currencies.

0.6 pips
0.6 pips
0.9 pips
0.9 pips


Trade numerous commodities at IG via cash market or futures. The broker offers the unique combination of investing in commodities on real exchanges or trading with a CFD. The spreads are low and the selection is large. Again, IG can score points here.

Take a look at the sample spreads in the table below:



Cryptocurrencies are currently a big hype and arouse the interest of many small investors. At IG it is possible to trade the digital currencies via CFD with a leverage of up to 1:2. Invest in rising and falling prices. However, a high degree of caution is required, because cryptocurrencies are very volatile.


(Risk warning: 74% of retail CFD accounts lose money)

IG trading platforms review and test

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 its 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 platforms:

  • Trading Apps
  • IG Web Trader
  • MetaTrader 4
  • Professional Platform L2 Dealer (with direct market access)

IG Markets trading platforms
IG trading platforms

Another advantage of IG is that different trading platforms are offered depending on the trading methods and experience of the traders. Software for professional and institutional trading is offered in addition to the “normal” trading platforms. Due to time constraints, I cannot go into detail about each individual software.


The Web Trading Platform
The Web Trading Platform

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, and 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.

(Risk warning: 74% of retail CFD accounts lose money)

MetaTrader 4

MetaTrader 4 is also offered by IG. It is the best-known trading software for private traders and is offered by many CFD brokers. The software is also offered for desktop, browser, and via the app. You only need one account and can access your portfolio from any device.

Like the web-based trading platform, MetaTrader offers many tools for analysis. Automated trading is also supported. Even add external tools to the program. From my experience, this software is also very suitable for any trader who wants to perform technical analysis, as very many indicators and drawing tools are available for free.

IG Markets MetaTrader 4
IG Markets MetaTrader 4

(Risk warning: 74% of retail CFD accounts lose money)


ProRealTime is another improvement of the trading platform for CFD and options trading. Use automated trading or program your own strategies here as well. The platform itself promises an improved user interface and more detailed tools for analysis.

The software has over 100 different indicators and the ability to place trades directly on trendlines. There is also a screener to filter the markets according to certain criteria.

This software also supports automated trading. You can access over 30 years of historical data and perform backtests automatically. With a little programming knowledge, algorithms or strategies can be developed. Unfortunately, ProRealTime is only free for the first month. The software has one condition: trade at least 4 times a month. If you are inactive, you pay at least 30€ per month.

IG Markets ProRealTime
IG Markets ProRealTime

L2 Dealer

L2 Dealer is IG’s professional software. Through L2 Dealer you get direct market access (DMA) for stocks and forex. You get an insight into the order book and can see the market depth. Especially for strategies based on liquidity, this software is helpful.

The platform is free, but a minimum balance of 1000€ is required. You can trade stocks, forex, OTC forex, forex DMA, indices, and commodities perfectly with this software. Also, it offers universal analysis tools for any strategy.

Unfortunately, L2 Dealer is available only for professional and institutional clients. It requires a high volume of orders. You will get the best liquidity and fastest execution there. Numerous professional order types are also offered in the software. L2 Dealer is suitable for hedge funds, brokers, asset managers, or banks.

L2 Dealer of IG Markets
L2 Dealer of IG Markets

(Risk warning: 74% of retail CFD accounts lose money)

Mobile trading (IG Markets app)

Of course, IG Markets also offers its own trading app. Likewise, MetaTrader 4 is also available as a mobile version. You can easily download the app from the Apple Appstore or Google Playstore. To do so, search on your mobile device and visit the IG.com website.

With the mobile version, you also have access to over 17,000 markets. Mobile trading is gaining more and more popularity because nowadays almost everyone has a smartphone. In the app, almost all the functions for investing in the Finzan markets are available.

IG Markets
IG mobile trading

Trade Turbo24, CFDs, Barriers, Vanilla Options, or stocks in the app with just a few clicks. As in the computer version, you get all the real-time data sent to the mobile device. The prerequisite for this is a stable internet connection. Another advantage is that you can set price alerts, trading signals, and push signals in the app. So it is possible to react to the markets at any time.

Enjoy the full trading features with IG’s mobile app. From my experience, the user interface is particularly easy to use and suitable for beginners as well as experienced traders. The app has already won a few awards so far:

IG Markets Markets-mobilapp
IG Markets Awards

Advantages and features of the IG mobile app:

  • Access over 17,000 markets at any time
  • Trade all financial products via the app
  • Fast deposits and withdrawals
  • Professional charting possible
  • Alerts, trading signals, push notifications
  • Real-time data
  • User-friendly

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.

IG Broker trading strategies

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.

(Risk warning: 74% of retail CFD accounts lose money)

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 your 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 assets are possible. In the next points, we will give you a short instructions on how to trade with IG.

How to trade:

  1. 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.
  2. Choose your investment amount. The leverage amount will allow you to use more money.
  3. Limit your risk with a stop loss and set up a profit for your trade
  4. Sell or buy any market you want with CFDs or other financial products
  5. Place your deal and watch the market moving

Conclusion and overview of the trading platforms

In this last section about the trading platforms, we want to give you a good overview of the different platforms because there are more than 4 available. In the dashboard, you can use a different account for the different platforms and transfer your money as you want.

IG Markets trading platforms
IG Markets trading platforms

Online trading platform: 

  • Available for your browser
  • News and special analysis
  • Full customizable and multi-charting is possible
  • Trade CFDs, Options, Stocks, and any other financial instrument

Trading Apps:

  • Mobile Trading for any device
  • Check your portfolio any time
  • Fast order execution like the other platforms
  • Analysis tools and news

MetaTrader 4:

  • Worlds most popular platform
  • Indicators
  • Automated trading
  • Customizable tools
  • Professional Trading
  • Available for any device

L2 Dealer:

  • 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

A demo account is a virtual money account. You can trade without risk and try out the platform. We recommend using this account first before you start investing with real money. Furthermore, it is an important point to use the demo account to develop new strategies or learn how to trade. IG offers a free and unlimited demo account for 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

(Risk warning: 74% of retail CFD accounts lose money)

Additional fees and costs in the test

IG Markets makes its money through trading fees. After my research and testing, I did not notice any hidden fees. The broker clearly communicates the trading fees on the website.

A spread or commission may be incurred when trading. These fees can vary depending on the position size and financial product. There are also no fees from IG when depositing and withdrawing client funds. After 24 months of inactivity, there may be an inactivity fee. IG will contact you by email beforehand. This fee can be as high as 14€. From my IG Markets experience, there are never any annoying hidden fees because the broker is very transparent.

Facts about fees and costs:

  • IG makes its money through spreads and commissions
  • There are no hidden costs
  • Spread or trading commission depending on the market/financial product
  • All fees are shown on the website and trading platform
  • Inactivity fee 14€ after 24 months of inactivity
  • No fees for deposits and withdrawals

Review of the deposit and withdrawal methods of IG

As a 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
  • The minimum deposit is 250$
  • Fully regulated payment methods

IG minimum deposit – how to deposit money:

IG Markets does not require a minimum deposit. You can deposit minimum amounts into the account via bank transfer or PayPal. However, it does not always make sense to start trading with only, for example, 5€. For many financial products, you need higher capital of several hundred euros.

To be able to trade all markets at IG, we think you should deposit at least 1,000€ or more. IG is not a broker that specializes specifically in small clients with accounts of a few euros. The broker and the offer are made to trade with high volume with good execution and pricing. Match your deposit to the financial product you want to trade. For example, currency trading is possible from a few euros, while other stocks cost over 1,000€ per unit.

(Risk warning: 74% of retail CFD accounts lose money)

Is there negative balance protection with IG?

No, there is negative balance protection at IG Markets! Your account cannot slip into negative territory. However, should this happen in an exceptional case, IG will balance the account. Regulations and licensing also dictate that when trading FX and CFDs, the client must be protected from margin calls.

Good education: Support and service for traders

As mentioned before IG wants its traders to succeed in trading. Professional analysts 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 broker exactly knows 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.

IG CFD Broker education and webinars

What you can expect from IG:

  • Interactive education
  • Webinars and coachings
  • News and analysis
  • Trading strategies
  • Financial events preparing
  • Professional risk management
  • Glossary
  • 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 on how to trade. Compared to other brokers IG clearly gives the user the best education because on this broker successful traders are welcome.

What customers say about IG:

In addition to my own experience with IG Markets, we would also like to share with you the voices from other customers. IG Markets has very positive reviews on other experience and comparison sites.

Customers are convinced by the large selection of markets and personal support. The service at IG is quite good and in case of problems the customer gets immediate help via chat, email, or phone. It is also possible to get a personal quote from IG. For this purpose, many customer service representatives are available.

We personally also searched some forums and could not find any negative reports or fraud incidents about IG Markets. The broker seems to be one of the best in Germany.

Additionally, the good execution of the trades should also be highlighted. Customers report that the execution takes place very quickly at fair prices and low spread. In summary, the experiences of other customers also reflect my own experiences with IG.

(Risk warning: 74% of retail CFD accounts lose money)

Conclusion of the IG online broker review: It is one of the best companies

On this page, we showed you a deeper look into the world of 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 the 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 are 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

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IG is a professional CFD Broker with good conditions for online investments. You can do nothing wrong if you choose this broker. 4.9 out of 5 stars (4.9 / 5)

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FAQs – The Most asked questions about IG:

Is IG a safe broker?

IG is a very safe provider. The company is listed on the stock exchange and is regulated several times. IG Markets is regulated by multiple regulators. This includes Edw deposit protection up to €20,000 and FSCS deposit protection up to £85,000. Also, only regulated payment methods are used and client funds are kept separate from broker funds.

Can I try IG for free?

Yes – you can create a free practice account (demo account) with IG. After opening an account, it is even possible to create multiple demo accounts. So test the trading platform completely free of charge and without any risk. This is the perfect way to get to know the trading offer and the software better. The demo account imitates real money trading.

Which markets does IG offer?

At IG you can trade over 17,000 markets. These include currencies, CFDs, stocks, futures, commodities, ETFs, bonds, and other markets. Choose between trading with leverage or without leverage. IG gives you direct exchange access to the world’s financial markets. For example, you can trade stocks from all over the world at IG Markets.

Does Australia provide IG trading?

From its own Australian subsidiary, which is licensed by the Australian Securities & Investments Commission (ASIC) under AFSL Numbers 220440 and 515106, IG serves Australian clients. In addition, IG oversees a subsidiary in the UAE that is registered under reference number F001780 with the Dubai Financial Services Authority (DFSA).

IG withdrawals: how long do they take?

Before midday (UK time), IG executes withdrawal requests, however, depending on the payment processor, it can take a maximum of 5 business days for a customer to collect their money.
Please sign in to My IG, pick the “live accounts” tab, then click the “withdraw funds” button to begin the withdrawal process. If all anti-money laundering requirements have been completed, you can withdraw money as a bank transfer or as a reimbursement to a credit card account.

Is IG a secure platform?

The secure trading platforms that IG provides traders with include its own CFD platform, which is web-based, an L2 Dealer for investors, MT4, ProRealTime, and API trading.
IG is regarded as secure due to its stock exchange listing, financial transparency, and high-level regulatory oversight.

(Risk warning: 74% of retail CFD accounts lose money)

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