IG Rated 2/5

IG Guide - Read our In Depth 2021 IG Review

IG is a well regulated online trading platform offering over 19,000 financial instruments including Forex, CFDs, cryptocurrency, commodities and shares. IG's social trading and copy trading offering is pretty basic when compared to other brokers, although there is an IG community feature and IGTV. Share trading with IG can be expensive. Make sure you understand the IG fees and commission charges before trading. The financial instruments on offer from IG will differ depending on your country of residence.

This IG review was written by industry experts with over 20 years of financial experience in Forex, CFDs, Spread Betting, Share dealing.
The content in this IG review does not apply to US users.

Benefits of Trading with IG

IG Review 2021 Quick Summary
💰 Min Deposit No minimum deposit
👱‍♂️ Used By 239,000 IG users and traders
📆 Founded 1974
🌍 HQ UK
👮‍♂️ Regulation Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
🚫 Excluded Countries IG is not available in the following countries : US, BE, FR, IN, IL, PL, ZW

Open IG's Website

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.


learn more Learn more about eToro.
67% of retail investor accounts lose money when trading CFDs with this provider.

What is IG?

IG are a global online financial trading platform and multi asset broker founded in 1974

Over 47 years later IG has grown to offering retail investors Forex trading, CFDs trading, Spread Betting trading, and Share dealing trading.

IG are a global broker. IG have a head office in UK.

IG have a listed stock symbol. This means that IG have publically listed and you can officially buy shares in IG on one of the worlds global stock market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this IG review and assess how well the IG platform functions in its role as an international multiple financial asset trading platform for traders in 2021.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like IG can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of IG we breakdown the pros and cons. What IG are able to offer, what countries IG are available in. Who IG are regulated by and more.

IG Review Screenshot

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this IG review useful.

This review of the IG platform is very detailed. If you are interested in trading with IG in any capacity please take the time to read and research the whole IG review.

We have tried to explain the ins and outs of financial trading through the IG platform as plainly as possible so that you the trader are as informed as possible before you start to use the IG trading tools and depositing and withdrawing funds from IG.

IG are reputable enough to have a wikipedia page link. Wikipedia content is highly moderated for accuracy. It is very hard to get a Wikipedia page.
Open IG's Wikipedia page

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with IG like Forex trading, CFDs trading, Spread Betting trading, and Share dealing trading. you should have confidence in IG and know that the management of your financial investments on the IG platform are in good hands.

At the bottom of this IG review you can also learn about some pretty good alternatives to IG

With this IG review we hope to help you see if IG is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding IG that will help you get off to a good start in the world of online trading.

IG Review Table of Contents

IG review
IG is a Multi-Assets Trading Platform with over 17000+ Assets

Learn more about IG. IG is a multi asset platform with 17000+ tradable Assets. Assets available on IG include Forex, CFDs, Spread Betting, Share dealing.

IG trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex, CFDs, Spread Betting, Share dealing are considered financial assets.

Features of IG

IG review
What you should know

IG offer four ways to trade: Forex, CFDs, Spread Betting, Share dealing.

With IG you will need a minimum deposit of $0. You can sign up for a demo account to acquaint yourself with IG platform.

IG are able to accommodate various levels of traders whether you are experienced or a beginner.

Are IG safe?

When choosing a broker like IG the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1974, and in operation for 47 years IG have a head office in UK.

IG is regulated. This means IG are supervised by and is checked for conduct by the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to IG, this will be honored. If IG violate any regulatory rules their regulated status could be stripped.

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.

Is my money safe with IG?

Any payments funded to IG accounts by traders are held in a segregated bank account.

For added security IG use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should IG use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in IG deposited in a Tier 1 bank?

Having any money you deposit with IG means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if IG goes out of business for some reason.

Therefore, we can safely conclude that IG is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex, CFDs, Spread Betting, Share dealing is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. IG also clearly state on their platform that 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..

Now that we have answered some important questions regrding IG. let us look at the IG features in more detail.

Try creating two accounts when you are working with IG. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit IG

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.

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How IG as a Company Compare Against Other Brokers

Broker IG eToro XTB IC Markets
Year Established 1974 2007 2002 2007
Head Office UK Cyprus, UK Poland Australia
Regulation Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Used By 239,000+ IG users 20,000,000+ eToro users 250,000+ XTB users 180,000+ IC Markets users
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss Yes No No No
Learn More Visit IG Visit eToro Visit XTB Visit IC Markets
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. 67% of retail investor accounts lose money when trading CFDs with this provider. 77% 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. Losses can exceed deposits

IG review
IG Pros and Cons

What we like about IG

  • Used by over 239,000 IG users and traders
  • Established in 1974
  • Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
  • Min. deposit from $0

What we don't like about IG

IG review
IG Regulation and Licensing in more detail

We have checked and IG is regulated and supervised by reputable organisations. You are able to check every IG supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with IG. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria for license approval, this is determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect IG traders and provide a safe trading environment. Financial regulation and license approval is essential.

IG is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as IG you should be sure they're legitimate online agent.

Is IG Global?

Yes, IG is global as IG is available in over 188 countries.

IG is a global trading platform in the sense that it operates in 188 countries including nations in Europe, Asia, Oceania, and Africa. Major countries IG covers include the UK, Germany, Australia, South Africa, Thailand, and China. As per its Wikipedia page, IG has a total of more than 239,000 users.

IG review
IG Awards

IG have won numerious industry awards over the 47 years they have been operating as a financial broker. We list the most notible awards and mentions for IG below.

  • Investopedia Online Brokers Awards Best for Forex Trading 2019
  • Forex Brokers Annual Review Number 1 Overall Broker 2019
  • ADVFN International Financial Awards Best Spread Betting and CFD Education Tools 2019
  • ADVFN International Financial Awards Best Multi Platform Provider 2019
  • ADVFN International Financial Awards Best Finance App 2019

IG review
IG Fees Explained

  • IG doesn't charge withdrawal fees
  • IG does charge a fee for inactive accounts.
  • IG does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

How IG Fees Compare Against Other Brokers

Broker IG eToro XTB IC Markets
Min Deposit 0 50 0 200
Withdrawal Fees No Yes varies No
Inactivity Fees Yes Yes Yes No
Deposit Fees Varies No No Varies
CFD Commission Fees Yes (0.1%) Yes Yes Yes

IG Minimum Deposit

IG do not require a minimum desposit when opening a IG trading account.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

IG Withdrawal Fees

IG doesn't charge withdrawal fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.

IG for example allow you to withdraw your funds to Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, BPAY, Payoneer.

IG Inactivity Fees

IG does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

IG Desposit Fees

IG does charge deposit fees.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

IG Commission Fees

IG does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

IG review
What can you trade with IG?

Be aware that Different entities under IG Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with IG over 17000 instruments infact.

If you are looking for Forex brokers to trade currency pairs on global Forex markets IG offer over 100 currency pairs.

Compare IG with eToro and XTB below.

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.

How IG Trading Options Compare Against Other Brokers

Broker IG eToro XTB IC Markets
Instruments Available 17000 2000 4000 232
Platforms MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
FX / Currencies        
Forex pairs offered 100 50 57 65
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes Yes Yes
Commodity CFDs        
Commodities Offered 34 31 21 19
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 8000 2042 1696 110
UK Shares Yes Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit IG
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.
Visit eToro
67% of retail investor accounts lose money when trading CFDs with this provider.
Visit XTB
77% 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.
Visit IC Markets
Losses can exceed deposits

IG review
Trading on IG web platforms and other applications

IG offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

A IG iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

IG also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See IG's platforms

Is the IG Trading Platform Secure?

IG safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. IG also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating IG.

IG Trading Platform Options

Once you have logged into your IG account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

IG does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

IG does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options IG gives you.

IG review
IG MetaTrader 4 (MT4)

IG MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with IG. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with IG in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. IG MetaTrader 4 is compatible with the latest macOS Mojave. IG allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on IG

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade IG MetaTrader 4 on IOS Devices

You can download the IG app or also trade with IG through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IG customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade IG MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. IG provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android IG MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade IG MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

IG MetaTrader 4 Advanced Trading Tools

The IG advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. IG offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade IG MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

IG MetaTrader 4 AutoChartist

IG Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

IG Trading benefits

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

IG Trading Accounts Offered

Below we give an overview on the account types that IG offer. Whatever you are looking to trade the varying IG account types will be able to provide you with what you need.

  • Demo account
  • Mini account
  • Standard account
  • STP account

Can I try IG before I buy?

IG offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

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.

IG withdrawal and funding methods

Please note that the list of IG payment methods below depend on the IG Entity and the Clients Country of Residence.

All available IG payment methods available to you can be found in your IG members area checked on the IG website.

IG offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about IG

IG Payment Methods

  • IG accepts Credit cards
  • IG accepts VISA
  • IG accepts MasterCard
  • IG accepts Debit cards
  • IG accepts Bank Transfer
  • IG accepts Electronic wallets (eWallets)
  • IG accepts PayPal
  • IG accepts BPAY
  • IG accepts Payoneer
Broker IG eToro XTB IC Markets
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes Yes Yes No
Neteller No Yes Yes Yes

*please note available IG and other broker payment methods depend on the clients country of residence.

How can I start trading with IG?

When opening a trading account with IG, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on IG trading platforms here. You will need to provide some basic documentation to prove your identity as part of IG onboarding and normal KYC identity checks. These checks are standard practice and help IG provide a safe financial environment for their 239,000 users.

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.

Performing trades with IG

IG allow you to execute a minimum of trade of £1. This may vary depending on the account you open. IG allow you to execute a maxium trade of Variable. As IG offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

IG are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the instruments.

IG also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by IG here.

CFD Trading on IG

let's take a look at some of the basics of using IG leverage.

IG offer CFD which are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

IG leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the IG trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The IG leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

IG CFDs are typically used for short to medium term trades. For example IG intraday CFD trading. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. More advanced traders can also use CFDs to hedge.

Always be aware that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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.

Limiting Your Risk When Trading with IG Negative Balance Protection

We should say something about negative balance protection with IG. When trading using leverage an adverse move could result in losing more than your trading account balance at IG. If your broker is regulated by the FCA Negative Balance Protection should be set in place by your broker as standard. Your IG account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with IG Stop Loss, IG Stop Limit Orders

A stop-loss order is an order placed with a broker like IG to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at IG

To trade effectively with IG, it's important to get a have a good understanding of the IG trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with IG and externally.

IG offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.

Having an analytical approach may be a good way to approach trading with IG.

Take time to look around the IG platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at IG

As part of our IG review we review customer service options, response times and IG trading platform problem resolution effectiveness.IG support a wide range of languages including English, French, German, Spanish, and Portuguese.

IG have a D grade support rating because because sometimes the response was slow or our query wasnt answered. IG less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.

Livechat Support at IG

We tested the IG live chat and it works well. We sent messages to IG livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with IG support in multiple languages in multiple countries. IG where able to resolve our customer issues.

Email Support at IG

We sent several emails to IG and answer times overall were excellent. The fastest response from IG was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with IG, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from IG.

Phone Support at IG

We called IG and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The IG phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual IG team by calling in varying languages. IG made an effort to make sure our queries were answered.

Overall the phone support from IG was okay.

See how IG Support Compares Against Other Brokers

Broker IG eToro XTB IC Markets
Support
  • Live chat
  • Phone support
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Learn More Visit IG Visit eToro Visit XTB Visit IC Markets
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. 67% of retail investor accounts lose money when trading CFDs with this provider. 77% 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. Losses can exceed deposits

What you will need to open an account with IG

As IG is regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware that the expiration date of Proof of address document for different entities under IG Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore IG's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with IG you can visit the IG trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.ig.com/ on September 22, 2021.

Watch this IG Explainer Video

Is IG A Good Broker?

We spent over 3 months examining IG in depth. Although we found some very useful aspects of the IG platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative IG broker.

  • IG have a good track record of offering Forex, CFDs, Spread Betting, Share dealing.
  • IG has a history of over 47 years.
  • IG has a reasonable sized customer support of at least 10.
  • IG are regulated by the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC). This means IG fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • IG have regulation from Tier 1 reputable regulators.
  • IG has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • IG have an international presence in multiple countries. This includes local IG seminars and training.
  • IG are able to hire people from various locations in the world who can better communicate in your local language.

IG Risk Disclosure

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.

Trading Risk Disclaimer

Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.

IG not quite right?

If after reading this IG review, IG does not fulfill your needs check out these IG Alternatives.

Click here to view the best IG Alternatives

We have spent years researching the best alternatives to IG. Click the links below to learn more.

If you feel some of the above IG are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of IG alternatives below.

Related IG Vs Comparisons

We have covered allot in this IG review, If you want to see how IG compares side by side with other brokers check out our IG Vs pages.

If you would like to see how IG stands up against other brokers you can read some of our IG comparisons below. We compare side by side some of our top rated IG versus comparisons. Read our indepth IG VS pages below.

IG review
IG Frequently Asked Questions

Read our detailed IG FAQ Section updated for 2021.

Can I try IG before I buy?

IG offer a demo account so you can try the IG platform with virtual trading before you put down a payment. Virtual trading with IG is zero risk. Learn more here

What funding methods do IG accept?

Please note that the list of payment methods below depend on the IG Entity and the Clients Country of Residence.

IG offer the following funding payment methods Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, BPAY, Payoneer, among other payment methods.
Learn more here

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.

Is IG safe?

IG are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC). Any payments funded to IG accounts by traders are held in a segregated bank account. For added security IG use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

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.

Is IG trading good?

IG is considered good and reputable to trade with IG. IG is used by over 239,000 active traders and IG users. IG offers Forex trading, CFDs trading, Spread Betting trading, and Share dealing trading. Minimum deposit with IG is 0.

Is IG trading Legit?

IG was founded in UK in 1974. IG has been facilitating trade on the financial markets for over 47 years. IG offers clients Forex trading, CFDs trading, Spread Betting trading, and Share dealing trading. All funds deposited to IG are held in segregated tier 1 bank accounts for security. IG is regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) so can be considered legit.

Is IG a good broker?

IG is overseen by the top tier financial regulators Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) so can be considered a good broker. IG allows Forex trading, CFDs trading, Spread Betting trading, and Share dealing trading.

Is IG trustworthy broker?

IG can be considered trustworthy. All money funded to IG is placed into a segregated tier 1 bank account. this means your money in not held by IG directly by a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also IG is regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC).

What is the minimum deposit for IG?

The minimum deposit to trade with IG is 0.

How long do IG withdrawals take?

Withdrawing money from IG processing time varies but averages 2-5 days.

Is IG regulated?

IG is regulated by the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC). Regulatory bodies conduct regular reviews and audits as part of IG maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is IG a market maker?

IG is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with IG?

When opening a trading account with IG, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on IG trading platforms here.

Is my money safe with IG?

IG is regulated by the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC). One of the most important criteria for traders when choosing a broker like IG is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to IG, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is IG a con?

IG is regulated and well established having been in business for over 47 years. IG is definitely not a con.

Can you make money with IG?

Although traders have had great success with IG. Trading on the financial markets with IG is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. 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.

Does IG have fees?

IG doesn't charge withdrawal fees. IG does charge a fee for inactive accounts. IG does charge deposit fees.

When was IG founded?

IG was founded in 1974.

How many people use IG?

IG is used by over 239,000 registered IG users.

What is IG Headquarters country?

IG has its head quarters office in UK.

Does IG offer negative balance protection?

IG offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does IG offer guaranteed stop loss?

IG offers guaranteed stop loss protection. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does IG allow scalping?

IG offers scalping.

Does IG allow hedging?

IG offers hedging.

Does IG offer CFD trading?

IG offers CFD trading.

Does IG offer STP?

IG offers STP trading.

How many people use IG?

IG is used by over 239000 IG users and traders.

Is IG an ECN broker?

IG does not offer ECN trading.

Does IG offer a demo account?

IG offers a demo account.

Does IG offer an Islamic account?

IG does not offer Islamic accounts.

What are the funding methods for IG?

Please note that funding methods and funding options available with IG can be found in the IG Members area and depend on the IG client’s country of residence. Please check your specific available payment methods on the IG website. IG accept the following funding methods : Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, BPAY, Payoneer.

IG review written by Andrew Blumer and Mark Hansen

We hope you found our review of the IG brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

IG review written by Mark Hansen of Comparebrokers.co