IG Group was founded in 1974 by an investor named Stuart Wheeler. At the time, Wheeler named his company “IG Index,” short for “Investors Gold Index.” IG Index was originally a company that let investors trade gold indices, as opposed to physically buying the gold itself. In 2000, IG was renamed, and it has grown to become quite a trading powerhouse, bringing in nearly $650 million in revenue a year.
IG Group is headquartered in London, England. It allows traders to trade derivatives—namely, CFDs. According to IG Group, it is the number-one provider of CFDs in the world, operating in more than seventeen countries. Investors can access more than 17,000 financial markets.
IG has a market capitalization of over $3 billion. There are 239,600 clients worldwide, and it counts 1,921 staff members across the world. IG has its pros, cons, and quirks, just like every investor. The benefits and drawbacks are discussed briefly below, and in depth further throughout this review.