Since they were formed in 1974, IG have gone on to establish themselves as the leading online brokerage firm for investing and trading in over 19,000+ markets. With IG, you get an easy-to-use platform where you can trade forex, stocks, shares, indices, commodities, options, bonds, cryptos, ETFs and CFDs. They have exceptional trading conditions including tight spreads, low fees and fast trade execution speeds. In addition to this, all clients get free access to comprehensive educational resources via the IG Academy, powerful trading tools, expert trading signals and around the clock support. If you are new to investing online, the IG demo account can be a great way to practice trading risk free. IG is publicly traded on the London Stock Exchange’s FTSE 250 (LON: IGG) and regulated in multiple jurisdictions across the world, including top tier regulators such as the UK’s Financial Conduct Authority (FCA), the Commodities Futures Trading Commission (CFTC) in the USA and Germany’s Federal Financial Supervisory Authority (BaFin).
Trade and invest with one of the world’s leading online trading providers. Get an easy-to-use platform, expert trade ideas and friendly support as standard. Trade over 19,000 markets with spread bets and CFDs, or invest in thousands of global shares and ETFs.
Pros and Cons
Key IG findings
- Cutting-edge trading and investing platforms
- Extensive list of over 19,000 financial instruments
- IG Academy with plenty of educational resources
- Industry leading trading conditions
- Excellent trading and research tools
- Direct Market Access (DMA) trading
- API trading
- Trading signals from Autochartist and Signal Centre
- Good choice of account funding options
- No deposit or withdrawal fees
- Demo trading accounts
- Islamic accounts without swap fees
- Extended hours on US stocks
- Low spreads and margins
- Saturday and Sunday trading
- Around the clock customer support
- Listed on the stock exchange
- Minimum $250 deposit
- Inactivity fee after 2 years
- Lack of e-wallet funding options
- No MetaTrader 5 platforms
What investments does IG offer?
When it comes to trading and investing opportunities, there isn’t any broker with a greater range of financial instruments than IG who have an impressive selection of over 19,000 to choose from. Whatever your interests and investing goals, there is something for everyone. You can trade CFDs of currency pairs, stock indices, stocks, ETFs, commodities, bonds, future and more. IG also offer exclusive 24/7 pricing on global indices and extended hours on over 70 key US stocks. Keep in mind that the offering of investments can differ depending on your location. This is because not all countries allow the trading of certain financial instruments.
IG Instruments Summary
Commission and Fees
What are the costs for investing with IG?
Commission and Spread Fees
IG have very low spreads and commission fees. This is partly due to the size of the brokerage firm enabling them to offer lower prices than its competitors. Forex spreads start from 0.6 whereas share CFDs and indices start from just 0.1. The spread is the difference between the bid and ask price, a typical charge from any broker. When you trade CFDs with IG, the commission is included within the spread. Otherwise, there is a small commission fee which varies depending on the instrument being traded. If you trade shares using CFDs, you’ll be dealing at the real market price. Instead of being charged a spread, you’ll pay a small commission to open and close your position.
IG offers pricing discounts through its active trader rebate program. This means that the more you trade, the more you can save in costs. The country in which you are a resident will determine which IG account type you can open. In the majority of countries, you will be able to trade forex, stocks, indices, commodities, CFDs and options.
|Commission (per standard lot per side) from||$0|
Deposit and Withdrawal Fees
We are pleased to say that IG do not charge any fees for making a deposit or withdrawal. The amount that you transfer is the amount that you should expect to receive, minus any third-party processing fees.
There is a small $12 inactivity fee if your account is left untouched for more than 2 years. Chances are you would be using your account or you can simply withdraw your funds and close the account to avoid being charged.
Platforms and Tools
What platforms and tools does IG have?
IG provide clients with some of the most powerful and advanced, yet user-friendly trading platforms that you are likely to find anywhere. You certainly won’t be short of choice, with the MetaTrader 4 platform, IG’s proprietary platform, ProRealTime (PRT) and L2 Dealer all available. Each specialist platform can help you achieve different trading goals – you can even use more than one if you wish whilst they are flexible across web, desktop and mobile devices. Professional traders can make use of direct market access (DMA) and deal directly into the order books of major equity exchanges.
IG Web Trading Platform
The IG web trading platform is available online for all clients who are interested in CFD trading. You can access the platform directly in your web browser to manage your account, register cards, make payments, withdraw your funds and more. This platform also offers browser-based research tools such as streaming news, economic calendar and trading signals.
- Instant overview of market prices
- Place and manage orders with a range of stops and limits
- Open, close and edit positions directly on the charts
- Set pending orders and price alert notifications
- Various chart timeframes from tick-by-tick to monthly
- Perform in-depth analysis with all the popular indicators
- Runs in most modern web browsers
- No need to download or install any software
- Great for trading CFDs
- Conveniently manage your IG account
- Make deposits and withdrawals
- Integrated news and analysis package
- Get expert buy and sell trading signals
- Economic, technical and trading alerts
- Fully customisable to adjust according to your comfort
IG Mobile Trading App
For those of you who would like to access your account on the go, there is the award-winning IG mobile trading app which is available on iOS and Android devices. You can trade wherever and whenever you please, using the user-friendly mobile platform. It delivers full dealing functionality and gives you access to the same research and monitoring tools as the IG web-based platform. The clean layout makes it quick and easy to view mobile charts and open or close positions from within the palm of your hands.
- Award-winning mobile trading platform
- Open and close positions on over 19,000 markets
- Perfect for trading whilst on the move
- Full functionality of the IG web platform
- Access to market news and trading tools
- Modern layout for a seamless trading experience
- Securely fund and deal from your account
- Free to download for iOS and Android devices
IG Progressive Web App (PWA)
The IG progressive web app (PWA) offers you a seamless trading platform on any device – without having to visit a third-party app store. This web-based platform has been optimised to help you receive the most crucial trading updates quickly and effortlessly, thus helping to avoid any delays that can be inherent throughout the more traditional app store review processes.
If you are someone who enjoys using more technical charts and would prefer a complex setup for trading derivatives, then look no further than the ProRealTime (PRT) platform. PRT is the leading advanced charting package on the web, offering a suite of powerful monitoring tools, flexible access to all of the available markets and advanced analysis resources. PRT is integrated with the IG trading platform and provided free to clients who trade CFDs at least four times a month, otherwise it is just $40 per month. New clients can try out ProRealTime charts free for the first month, professional account holders get free access for three months. If you are a full-time trader, it is certainly worth giving it a try.
- Leading web-based charting package
- Supports automated trading
- Includes over 100 indicators for in-depth market analysis
- Choose from a wide range of timeframes on a selection of chart types
- Place orders based on trend lines, rather than just on price movements
- Integrates into the IG platform
- Fully customisable interface and trading experience
- Options functionality
L2 Dealer is IG’s direct market access (DMA) platform that provides powerful, flexible DMA access for advanced traders. With the downloadable L2 Dealer platform, you can trade CFDs with no dealer intervention, full market depth and access to dark liquidity pools. You can also trade forex at the market price, with liquidity from major providers. It has helpful monitoring tools including watchlists, price alerts and algorithmic orders.
- For complex direct market access (DMA) trading
- Increased control over your CFD trading
- Improved liquidity and pricing
- Professional order control
- Includes monitoring tools
- L2 Dealer is free to download
If you have ever traded online, chances are that you are already familiar with the MetaTrader 4 platform. It is by far one of the most popular platforms for trading forex and CFDs. The MT4 platform is widely respected for being simple to use, thus making it a popular choice amongst beginners. It has a very intuitive layout and is packed with all of the tools that you need for conducting market analysis. Despite the positives, the IG product range is slightly limited on MT4. Whilst it is fine for trading forex, stocks are lacking compared to the other platforms. Some of the key MT4 features include the following:
- Easy to use
- Quick learning curve
- Customisable layout
- Real time price quotes
- Instant, pending and limit orders
- Multiple chart timeframes
- Price alert notifications
- Technical indicators & drawing objects
- Automated trading
- Custom trading tools
- Large online community
- Web trader, desktop platform and mobile app
IG Trading Signals
IG provide clients with trading signals that come directly from two third-party providers, Autochartist and PIA-First. The advanced pattern-recognition technology of Autochartist and PIA-First’s experienced analysts monitor the markets on your behalf, giving you the best of both worlds in terms of technical analysis software and professional expertise. These signals can be used to help you identify the right time to trade forex, stocks, indices and commodities. It is worth mentioning that these signals should not be taken as investment advice and you act at your own risk. They are just ideas and it is therefore up to you what you do with them.
- Free real-time trading signals for your choice of markets
- Continuous market analysis done behind the scenes for you
- Signals are based on technical and fundamental analysis
- Easily access to signals via desktop or your mobile device
Founded in 2004, Autochartist is a market leader when it comes to automated technical analysis and providing trading signals. You can save valuable time when reading charts using Autochartist. The software scans a multitude of trading instruments in real time and automatically identifies chart patterns and Fibonacci patterns so that you never have to miss an opportunity again.
- Continuous intraday market scanning
- Scans across multiple timeframes
- Automated technical analysis
- Detailed performance statistics
- Volatility analysis
- Free market reports
- Create watchlist of your favourite instruments
PIA-First / Signal Centre
Signal Centre (formerly PIA-First) is a trading strategy service where a team of experienced technical analysts and professional traders scrutinise the global financial markets daily to provide comprehensive analysis on the latest market trends and to deliver clear trade ideas that enhance trading opportunities. Signal Centre combine experienced, human-led analysts with powerful, AI technology to conduct a deep analysis of the markets whilst drawing on their professional trading expertise to deliver robust risk/reward trade ideas that can help to support novice and advanced traders alike.
- Award-winning market analysis
- Easy to interpret trading strategies
- Expert commentary on market movements
An API links a trader’s account with a broker’s automated trading system to execute trades quickly and efficiently, and to perform algorithmic (algo) or programmable trades in certain scenarios. It is a program that connects two applications – for example, your IG trading account and your custom-built platform. Trading with APIs enables you to gain direct access to the IG environment, providing you with faster order execution and more control, which can enhance the overall trading experience. The API also provides an easy way to get live market data, historical prices whilst you can execute trades directly from any of your IG trading accounts – without having to manually trawl various exchanges and dark pools for data and prices. The information is instead delivered directly to you, which helps to ensure speed and efficiency. You can trade via API’s directly through IG’s API or the ProRealTime platform.
IG Platforms Summary
|MetaTrader 4 (MT4)||✓|
|MetaTrader 5 (MT5)||✓|
|Proprietary (IG Platform, IG Progressive Web App)||✓|
|Other (ProRealTime (PRT), L2 Dealer, API Trading)||✓|
Research and Education
What resources does IG provide?
IG are top of the pile when it comes to educational content. They have a plethora of educational materials available in the IG Academy, ranging from articles, trading guides, tutorial videos and quizzes. There is even a mobile app packed with educational courses for traders of all experience levels. Furthermore, IG offer weekly webinars, financial reports, podcasts and a trading glossary.
The IG Academy is a great place to master your trading skills. It is a free resource with a wide variety of courses and webinars that are specifically designed to help you become a more successful trader. You will discover the basic of trading through infographics, video tutorials, interactive exercises and quizzes. You can learn at your own pace with eight courses organized by experience level.
News and Analysis
IG make sure you stay up to date with the latest news impacting the financial markets, where you can read the opinions of their expert analysts on the current price movements.
IG offer specialist insight into the trading techniques, tips and strategies that can help you capitalise on global markets and inspire trade ideas. It is not often we see a broker that gives away so much valuable information for free. In fact, there are companies who charge thousands for such trading strategies!
Most brokers will provide an economic calendar so that you can see the latest news releases along with anticipated impact that they may have on the market. IG takes things a step further with an additional earnings season report, non-farm payrolls report and much more. You can be sure not to miss a single beat when it comes to what is happening in the financial world.
Discover how psychological factors can influence your trading strategies by listening to the IG Trading the Markets podcast series. The podcast gives an insight into human behaviour and how this can affect your trading. It discusses common trading mistakes, how they can be avoided and gives practical feedback to try and prevent letting emotions affect performance.
IG Research and Education Summary
|Other (Signal Centre, IG Academy, Financial Events, Trading Strategies, Podcasts)||✓|
Deposit and Withdrawal
What are the IG funding options?
IG has various options for funding your account, including traditional methods such as bank wire transfer and credit card funding, as well as online payment processors. You get free and fast deposits and withdrawals. Card payments are instantaneous whereas bank transfers can take a few working days to clear. We think IG could improve by offering more e-wallet payment options and even cryptocurrency funding in the future.
IG Funding Summary
Regulation and Safety
Is IG regulated and safe?
In terms of regulation, it really doesn’t get better than IG. Amongst the top tier regulators, the broker is authorised and regulated by the following regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC). They are also regulated in Europe, New Zealand, South Africa and Dubai.
IG Regulation Summary
|SFC (Hong Kong)||x|
|Other (NFA, BaFin, FMA, FSCA DFSA)||✓|
IG is about as safe as any broker could be. They have been in business since 1974 and are listed on the London stock exchange. IG have significant financial backing and are one of the most trusted names in the industry.
What client support is available with IG?
IG customer service is available 24 hours a day, from 8am Saturday to 10pm Friday. Wherever you are located around the globe, the multilingual team will be happy to speak with you via live chat, email or telephone. From our experience, email responses did take longer than we would expect compared to some other brokers who got right back to us. On the other hand, live chat was able to instantly answer our questions and thus, would be our preferred method of contacting IG.
IG is a top choice for those of you who want to trade forex and CFDs with a trusted broker that has low fees, powerful platforms, excellent tools, plenty of research and access to a huge number of more than 19,000 tradeable assets.