Online Trading

  • Brokers
  • Markets
  • News
  • Analysis
  • Charts
  • Technical
  • Tools
  • Watchlist
  • Academy
  • Brokers
    • Commodities Brokers
    • Local Brokers
    • CFD Brokers
    • Discount Brokers
    • ETF Brokers
    • Commission Free Brokers
    • Bond Brokers
    • Gold IRA
  • Forex Brokers
    • Demo Trading Accounts
    • ECN Brokers
    • High Leverage Brokers
    • Low Spread Forex Brokers
    • Zero Spread Forex Brokers
  • Stock Brokers
    • Brokers for Short Selling Stocks
  • Crypto Brokers
    • Crypto Trading Platforms
    • Leverage Trading Crypto
    • Crypto Exchanges
    • Crypto Trading Apps
  • Futures Brokers
  • Prop Trading
  • Trading Platforms
    • Copy Trading
    • Trading Platforms and Apps for Beginners
    • MetaTrader 4 and 5 Brokers
    • Robo Advisors
    • Algorithmic Trading Platforms
    • Trading Apps
    • Trading Robots
    • Social Trading
    • Best Day Trading Platform
    • Automated Trading Platforms
  • Broker Reviews
    • Plus500
    • Exness
    • eToro
    • XM Group
    • FBS
    • FxPro
    • Octa
    • FP Markets
    • Swissquote
    • IC Markets
    • ActivTrades
    • Interactive Brokers
    • Show all
  • Broker Comparisons
    • Interactive Brokers vs Fidelity
    • Interactive Brokers vs E*Trade
    • Interactive Brokers vs Tradestation
    • Interactive Brokers vs TD Ameritrade
  • Guides
    • How to Buy Stocks?
    • How to Buy Crypto?
    • How to Buy Bitcoins?
    • How to Trade Forex?
    • Forex Trading for Beginners
    • Is Forex Trading Allowed in Islam?
    • Financial Regulators
    • Stock Prop Trading

Table of contents

  • Expert Reviewer Verdict
  • Pros and Cons
  • Trust and Safety
  • Tradable Instruments
  • Account Types
  • Commission and Fees
  • Trading Platforms
  • Unique Features
  • Research and Education
  • Customer Support
  • Account Opening
  • Deposit and Withdrawals
  • Final Thoughts
  • Contact Info
  • FAQs

IG Group Review

Updated :
July 15, 2024
create
Written By
Ruby Haas
arrow-top

Brokers Analysis, Marketing Automation

Content and Marketing Operations Associate | Investing.com

BA in Business Administration, Marketing, and Entrepreneurship | The Raphael Recanati International School Reichman University

    See Full Bio
    search
    Reviewed By
    John Otini
    arrow-top

    Business News Writer, Editor, Financial Journalist, Forex, Crypto

    Business Journalist, Editing, Writing | Mediamax

    Economics & Mathematics | University of Nairobi

      See Full Bio
      check_circle_outline
      Fact Checked By
      Lingston Avomba Chiluka
      arrow-top

      Fact-Checking, General Web Research, Editing

      Fact Checker and Web Researcher | Investing.com

      Bachelor of Applied Science (BASc), Nutrition and Dietetics | University of Eldoret, Kenya, Master of Science in Project Management (MSPM), Public Administration | United States International University Africa (USIU)

        See Full Bio

        4.8
        Trust and Safety
        4.9
        Commission and Fees
        4.7
        Research and Education
        5.0
        Tradable Instruments
        5.0
        Trading Platforms
        4.6
        Customer Support
        4.6
        Account Types
        5.0
        Unique Features
        4.6
        Account Opening
        4.6

        Navigating Through a World-Leading Forex Broker

        Established in 1974, IG Group has sculpted its mark as a premier trading solution for both novices and professional traders. Offering a myriad of account types tailored to individual needs, this broker is lauded for its comprehensive asset coverage and user-centric platform features, making financial markets more accessible than ever.

        Expert Reviewer Verdict

        IG Group has long cemented its status as a top-tier trading platform provider, tailor-made for those seeking a blend of simplicity and efficacy. The platform, known for its intuitive interface, caters brilliantly to traders, regardless of experience, eliminating the daunting complexities often found in the industry. 

        Beyond this, IG’s competitively narrow spreads and cost-effectiveness stand as a testament to its commitment to client value. It’s also worth noting the reinforced sense of trustworthiness; being heavily regulated ensures an added layer of protection for clients’ assets. However, traders seeking high-end functionality might find certain aspects less appealing. In essence, for a blend of reliability, affordability, and user-centric design, IG Group stands tall.

        Pros and Cons

        Pros

        • $0 Minimum Deposit
        • 19,000+ Traded Assets
        • Diverse Array of Trading Instruments
        • Regulated by Multiple Regulatory Bodies
        • Rich Learning Material

        Cons

        • Restrictive Advanced Tools
        • High Leverage Risk

        Trust and Safety

        Secure and Trustworthy

        Trustworthiness in the financial realm is not just about reliability but also about security and transparency. IG Group stands resolutely at this intersection, ensuring clients can trade with both confidence and peace of mind.

        Regulation: IG Group is authorized and overseen by several regulatory bodies globally, showcasing its commitment to adhering to rigorous financial standards and practices. Specifically, it’s regulated by the Financial Conduct Authority (FCA), among others.

        Fraud Prevention: To thwart potential threats, IG Group employs cutting-edge encryption protocols, safeguarding both client data and transactional details. Additionally, they implement rigorous authentication measures, preventing unauthorized intrusions.

        Client’s Fund Security: Notably, IG Group underlines its dedication to its clientele by keeping client funds in segregated accounts. This ensures the firm’s operational finances are distinctly separate from clients’ deposits, offering an added layer of protection against potential insolvencies or mishaps.

        Regulatory Body

        Status

        ASIC

        Yes

        CySEC

        Yes

        DFSA

        Yes

        EFSA

        No

        FCA

        Yes

        FMA

        Yes

        FSA (SC)

        Yes

        FSCA

        Yes

        FSC

        Yes

        JFSA

        Yes

        MAS

        Yes

        MiFID

        Yes

        Tradable Instruments

        Vast Array of Investment Avenues

        IG Group provides a diverse array of trading instruments, well-tailored to cater to both the traditional and modern trader, spanning across various asset classes and sectors of the financial world.

        In the realm of forex, IG Group offers a comprehensive list of currency pairs, from the majors to the exotics, ensuring forex enthusiasts are adequately covered. Commodities trading is well represented, with both hard and soft commodities on offer. IG Group also stands out in its provision for cryptocurrency trading, presenting traders with access to prominent digital currencies like Bitcoin and Ethereum.

        For those with an affinity for stock trading, IG Group grants access to a multitude of global stocks. Additionally, the platform provides opportunities in futures, indices, and ETFs thereby widening the spectrum for potential investors. However, when it comes to bonds and options, IG Group’s offerings might not be as expansive.

         

        Trading Instrument

        Available

        COMMODITIES

        Yes

        CURRENCIES

        Yes

        CRYPTOCURRENCIES

        Yes

        ETF

        Yes

        FUTURES

        Yes

        INDICES

        Yes

        STOCKS

        Yes

        BONDS

        Yes

        OPTIONS

        Yes

        Account Types

        Adaptable to Diverse Trading Styles

        IG Group’s commitment to offering a tailored trading experience is evident in its array of account types, catering to both the budding trader and the seasoned professional. The broker provides both standard and professional accounts, with the latter being aptly named ‘Pro’ accounts, offering additional benefits such as reduced margins.

        One standout feature is the inclusion of a demo account, a valuable offering for those looking to acquaint themselves with the trading environment without the perils of financial risk. To further enhance the demo trading experience, recent updates have been instilled, streamlining the interface and offering a more authentic trading ambiance.

        Additionally, IG Group is sensitive to diverse cultural needs, extending an Islamic account option that adheres to Sharia principles. 

        While IG Group emphasizes self-directed trading, it doesn’t offer managed accounts. Lastly, the platform’s design inherently makes it suitable for both neophytes and experts, but potential traders in the US might need to look elsewhere due to regulatory constraints.



        Account Type

        Available

        DEMO ACCOUNT

        Yes

        ISLAMIC ACCOUNT

        Yes

        SEGREGATED ACCOUNT

        Yes

        MANAGED ACCOUNT

        No

        SUITABLE FOR BEGINNERS

        Yes

        SUITABLE FOR PROFESSIONALS

        Yes

        US TRADER

        No

        Commission and Fees

        Pragmatic and Clear

        IG Group fosters an environment where traders can actively engage in the market with a clear understanding of the associated costs, highlighting its commitment to transparent and competitive pricing.

        Account Minimum

        IG Group facilitates entry for various traders with a reasonable minimum deposit of $0, creating an accessible trading environment for a variety of investors.

        Trading Fees

        The broker employs a mainly spread-only pricing model, which allows for a clear and straightforward understanding of trading costs in various markets.

        CFD Fees

        With IG, CFD fees are embedded within the spread, providing traders with a transparent and cost-effective trading scenario.

        Forex Fees

        Forex fees are also spread-based, eliminating the need for traders to calculate additional costs per trade.

        Futures Fees

        IG Group does provide futures trading with fees that are competitive and transparent, though exact rates can depend on the platform and type of account used.

        Account Fee

        No account maintenance fees are charged, keeping costs low for users.

        Inactivity Fee

        An inactivity fee is levied after two years of non-use, ensuring only dormant accounts are impacted.

        Deposit Fee

        IG Group doesn’t charge for deposits, enhancing the cost-effectiveness of trading activities.

        Withdrawal Fee

        Withdrawals are also free of charge, further emphasizing the broker’s client-friendly approach.

        Overnight Funding Fee

        Overnight funding fees vary based on the instrument being traded and are clearly outlined on the platform.

        Currency Conversion Fee

        IG does apply a currency conversion fee, which is dynamically calculated and presented before trades are executed.

        Guaranteed Stop Order Fee

        Guaranteed stop order fees are also applicable, offering traders the benefit of absolute financial risk management at an added cost.

        Trading Platforms

        A Spectrum of Trading Options

        IG Group provides traders with a comprehensive selection of platforms, ensuring they are equipped with state-of-the-art tools for insightful trading. Notable for its award-winning proprietary platform, IG also supports MetaTrader 4, giving traders access to an array of charting tools, automated trading with expert advisors, and an easy-to-navigate interface.

        Mobile Trading Apps

        IG’s mobile app caters to both Android and iOS users, permitting traders to manage and execute orders, view real-time prices, and utilize interactive charts and indicators effortlessly, all while ensuring a secure trading experience.

        Web Trading Apps

        IG offers a user-friendly web trading platform that requires no downloads, granting access to its trading services and features via a web browser, thereby ensuring trading accessibility from any location.

        Desktop Trading Apps

        IG does not fall short in providing a dedicated desktop platform, ensuring an enhanced, stable trading environment with extensive functionality and a robust array of charting tools available for Windows and Mac users.

         

        Trading Platform

        Available

        MT4

        Yes

        MT5

        Yes

        CTRADER

        No

        PROPRIETARY

        Yes

         

        Desktop and Web Platform

        Available

        DESKTOP WINDOWS

        Yes

        DESKTOP MAC

        Yes

        WEB PLATFORM

        Yes

         

        Mobile Platform

        Available

        ANDROID

        Yes

        iOS

        Yes

        Unique Features

        Bridging Technology and Market Insight

        IG Group demonstrates its commitment to an enhanced trading experience by imbuing its platform with a suite of sophisticated tools tailored to optimize traders’ decision-making. Starting with push notifications, the platform ensures that traders are always in the loop, instantly alerting them to pivotal market shifts or vital account alterations. The trend exploration tools provide a deep dive into the market’s ebbs and flows, empowering traders to forecast future movements with higher precision. 

        Additionally, IG Group doesn’t shy away from offering specific insights tailored to individual instruments, amplifying traders’ ability to craft strategies around each asset’s unique characteristics. But perhaps one of the most compelling features is the comparative analysis of users’ trading behaviors. By offering traders a glimpse into the habits and tactics of their peers, IG Group enables them to glean potentially valuable insights and refine their own approaches, creating a dynamic learning environment that evolves in tandem with the market itself.

        Research and Education

        Pioneering a Robust Educational Framework

        IG Group positions itself prominently in the sphere of trader education, intertwining innovation with practical knowledge delivery, whilst continually exploring venues for elevation and diversification of its educational paradigm.

        Learning Center Overview: IG Group curates a thorough, in-depth Learning Center, ensuring that both fledgling and veteran traders have access to a resource pool that is both varied and insightful.

        Educational Content Comparison: While aligning seamlessly with top-tier industry offerings, IG’s educational content not only envelops fundamental and advanced trading concepts but also underscores real-time application, providing a nuanced learning experience.

        Progress in Education: Noteworthy strides have been made in expanding and refining educational resources, ensuring alignment with contemporary trading landscapes and methodologies.

        Content Sources: IG’s educational content emanates from a blend of in-house experts and external professionals, ensuring a balanced, insightful perspective.

        Areas for Improvement: Despite a robust educational foundation, there’s scope for IG to deepen its focus on emerging market trends and advanced algorithmic trading strategies.

        Video Focus: While a substantial number of video resources are available, integrating a broader spectrum of topics and expertise levels would add a richer dimension to their educational offerings.

        Customer Support

        Consistently Available and Multifaceted

        IG Group intricately weaves responsiveness with accessibility in its customer support paradigm, endeavoring to offer a seamless and enriching client interaction experience. Traders have the liberty to connect with IG’s support team through a multiplicity of channels, encapsulating live chat, email, and telephone support. While standard business hours are adhered to, the broker also ensures that support extends beyond traditional timeframes, safeguarding client needs at all hours.

        An elaborate FAQ section also finds a place on IG’s website, acting as a reservoir of information, resolving common inquiries pertaining to trading nuances, account handling, and financial transactions, thereby elevating the self-help experience for traders.

        Account Opening

        Effortless and Efficient Onboarding

        IG Group facilitates a seamless account opening experience, designed with the user’s convenience in mind.

        Registration: The journey begins on the IG Group website, where a straightforward registration form awaits, soliciting primary information like name, email, and phone number.

        Verification: Post-registration, a step of email and phone number verification ensures the authenticity of the applicant.

        Providing Additional Information: Venturing forward, the application requires a tad more depth – particulars such as date of birth, current address and a glimpse into one’s trading history.

        Document Upload: As a nod to regulatory standards, the final phase entails the uploading of identification proofs. This encompasses both a photo ID and evidence of residence, guaranteeing the security and legitimacy of the process.

        Typically, the entire procedure, from start to finish, unfolds within a day, making IG Group’s account initiation both prompt and efficient. It’s important to note that IG Group, valuing inclusivity, doesn’t set a hefty initial deposit barrier, marking a distinct advantage for many traders.

        Deposit and Withdrawals

        Navigating Through Simplicity and Efficiency

        The ease of financial transactions remains a highlight of IG Group’s offering.

        Deposits: Funding one’s account is uncomplicated, with IG Group accepting an array of payment methods from credit/debit cards, bank transfers to popular e-wallets. An impressive aspect is that IG Group generally refrains from charging deposit fees, although users should remain mindful of potential costs from their respective payment facilitators. A competitive minimum deposit threshold ensures inclusivity, welcoming traders with diverse financial footings.

        Withdrawals: Echoing the deposit methods, IG Group maintains a consistent roster of withdrawal options, ensuring seamless fund retrieval. While withdrawal processing is typically concluded within 1-3 working days, IG Group stands out by not burdening users with withdrawal charges. However, external payment providers might have their own fee structure.

        IG Group’s commitment to straightforward and cost-effective transactions is evident, accentuating the broker’s trader-centric ethos, and cementing its esteemed reputation in this domain.

        Final Thoughts

        Evolving amidst the financial sector’s dynamism, IG Group emerges as a compelling contender for traders. Their extensive array of tradable instruments, combined with an intuitive platform and fortified security measures, underlines their market prominence. Their sophisticated tools cater to the modern trader’s evolving needs, making them a viable choice for both neophytes and seasoned traders.

        However, one can’t stress enough the importance of individual research. While IG Group offers an impressive suite of features, traders must delve into their own strategies, requirements, and risk appetites. Finding the right broker is akin to a tailored suit—it should fit perfectly with one’s personal trading vision and aspirations.

        Contact Info

        laptop Website: https://www.iggroup.com/
        laptop Email: TR1.Notifications@ig.com
        call Telephone: +44 800 409 6789
        location_on Company Address:
        Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA, United Kingdom.

        FAQs

        • Question: Is IG Group Regulated?

          Answer: Yes, IG Group is regulated by various financial authorities globally, including the Financial Conduct Authority (FCA) in the UK, providing a secure trading environment by ensuring adherence to stringent regulatory requirements and ethical trading practices.
        • Question: What Trading Platforms Are Available with IG Group?

          Answer: IG Group offers several trading platforms catering to different trader needs and preferences. Notably, it provides access to MetaTrader 4, and a proprietary platform, which are renowned for their advanced charting capabilities and algorithmic trading support. These platforms are accessible via web, desktop, and mobile applications.
        • Question: What Types of Trading Instruments Can I Access with IG Group?

          Answer: IG Group furnishes a broad array of trading instruments, such as forex, indices, shares, commodities, cryptocurrencies and more. This diversity allows traders to engage with various markets and formulate a versatile trading strategy aligned with different asset classes.
        • Question: Does IG Group Offer Educational Resources for Traders?

          Answer: Yes, IG Group places a pronounced emphasis on trader education, offering a comprehensive suite of educational resources. This includes webinars, courses, articles and detailed guides that cater to traders of varied experience levels, from beginners to seasoned professionals, providing insightful material to augment trading knowledge and expertise.

        Disclaimer: The contents of this page or available via this page (""Contents"") are provided by third parties and do not constitute an endorsement by FUSION MEDIA of the Contents or products of such third parties. FUSION MEDIA has no control of the Contents, is not responsible for their accuracy, availability or legality and hereby disclaims any responsibility for the Contents. Any transactions that you enter into with any third party listed in this page or linked from this page are solely between you and such third party and are at your sole risk. Please also refer to our Risk Warning. FUSION MEDIA disclaims any liability for any damage or loss caused in connection with the use of or reliance on any Contents. Please be informed that Proprietary Trading is not fully regulated, the user will bear full responsibility of losses or gains achieved.

        Our recommendation:

        Plus500
        • 2800+ Traded Assets
        • Wide Range of Tradable CFD Instruments
        • Unlimited Demo Account
        Go To Plus500 Plus500 Review 82% of retail CFD accounts lose money.

        Install Our Apps

        Scan the QR code or install from the link

        www.facebook.comApp Store www.twitter.comGoogle Play

        www.investing.com
        • Blog
        • Mobile
        • Portfolio
        • Widgets
        • About Us
        • Advertise
        • Help & Support
        • Authors
        Investing.com
        www.facebook.com www.twitter.com

        Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.

        Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.

        Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.

        It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.

        Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
        Services on this page might not be offered by the listed partners; please check with the provider.

        Please be informed that Proprietary Trading is not fully regulated, the user will bear full responsibility of losses or gains achieved.


        © 2007-2025 Fusion Media Limited. All Rights Reserved
        • Terms And Conditions
        • Privacy Policy
        • Risk Warning
        • Do Not Sell My Information
        close