https://www.ig.com/en
Website
Benchmark
D
Average transaction speed (ms)
MT4/5
Full License
IG-LIVE2
Capital Ratio
Great
Capital
Influence
AAA
Influence index NO.1
Speed:AA
Slippage:D
Cost:D
Disconnected:AA
Rollover:AA
MT4/5 Identification
Full License
Capital Ratio
Great
Capital
Influence
AAA
Influence index NO.1
ASIC Regulated
Australia Market Making(MM)
ASIC Revoked
Australia Market Making(MM)
FCA Regulated
United Kingdom Market Making(MM)
FSA Regulated
Japan Retail Forex License
AMF Regulated
France Retail Forex License
FMA Revoked
New Zealand Market Making(MM)
FMA Regulated
New Zealand STP
MAS Regulated
Singapore Retail Forex License
DFSA Regulated
United Arab Emirates Retail Forex License
FSCA Exceeded
South Africa Financial Service Corporate
FCA Exceeded
United Kingdom Investment Advisory License
BaFin Exceeded
Germany Common fin.
NFA Suspicious Clone
United States Market Making(MM)
Single Core
1G
40G
+44 (20) 7633 5430
+34 917 87 61 57
+61 (3)9860 1776
More
IG
IG
United Kingdom
Number of employees
Pyramid scheme complaint
Expose
A Visit to IG in Australia – No Office Found
The survey team went to Australia to visit broker IG as scheduled, but didn’t find the company at its regulatory address. This denotes that the broker doesn’t have a physical business office at the place. Accordingly, investors are advised to make an informed decision following much deliberation.
A Visit to IG in UK - Office Found
The investigators went to London, UK to visit the foreign exchange broker IG as scheduled, and spotted the broker’s name at its currently registered business address, indicating that the broker has a physical business office here. Unfortunately, the survey personnel were not able to enter the company for a special visit, so the specific scale of its business is unknown. Investors are advised to ma
A Visit to IG in Dubai UAE -- Office Found
The investigators went to Dubai, UAE to visit the foreign exchange dealer IG as planned, and found the dealer’s office at its foreign exchange regulatory address. The office location is real. Investors are advised to choose the dealer carefully.
A Visit to IG in Japan -- Office Confirmed Existed
The survey team went to visit the dealer IG in Tokyo, Japan as planned. The dealer’s logo can be found on the publicly displayed address, indicating that the dealer had a real business place. However, the surveyors failed to enter the company for further visit, so the specific scale of the business remained unknown. Please be prudent when trading with this broker.
A Visit to the Singapore Broker IG
The visit by surveyors confirmed the authenticity of IG’s regulatory address. The surveyor was informed from a website that the broker held three full licenses issued by ASIC, FCA and FMA, as well as two retail forex licenses issued by FSA and MAS.Investors are advised to resort to their good judgement after consulting the said above.
A Visit to IG in Australia – No Office Found
The survey team went to Australia to visit broker IG as scheduled, but didn’t find the company at its regulatory address. This denotes that the broker doesn’t have a physical business office at the place. Accordingly, investors are advised to make an informed decision following much deliberation.
A Visit to IG in UK - Office Found
The investigators went to London, UK to visit the foreign exchange broker IG as scheduled, and spotted the broker’s name at its currently registered business address, indicating that the broker has a physical business office here. Unfortunately, the survey personnel were not able to enter the company for a special visit, so the specific scale of its business is unknown. Investors are advised to ma
A Visit to IG in Dubai UAE -- Office Found
The investigators went to Dubai, UAE to visit the foreign exchange dealer IG as planned, and found the dealer’s office at its foreign exchange regulatory address. The office location is real. Investors are advised to choose the dealer carefully.
A Visit to IG in Japan -- Office Confirmed Existed
The survey team went to visit the dealer IG in Tokyo, Japan as planned. The dealer’s logo can be found on the publicly displayed address, indicating that the dealer had a real business place. However, the surveyors failed to enter the company for further visit, so the specific scale of the business remained unknown. Please be prudent when trading with this broker.
A Visit to the Singapore Broker IG
The visit by surveyors confirmed the authenticity of IG’s regulatory address. The surveyor was informed from a website that the broker held three full licenses issued by ASIC, FCA and FMA, as well as two retail forex licenses issued by FSA and MAS.Investors are advised to resort to their good judgement after consulting the said above.
Benchmark | D |
---|---|
Maximum Leverage | 200:1 |
Minimum Deposit | no minimum deposit requirement |
Minimum Spread | EURUSD 0.6 Gold 0.3 |
Products | Foreign exchange, precious metals, CFD |
Currency | -- |
---|---|
Minimum Position | 0.1,0.01(MT4) |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Benchmark | D |
---|---|
Maximum Leverage | 200:1 |
Minimum Deposit | no minimum deposit requirement |
Minimum Spread | EURUSD/0.142 |
Products | Foreign exchange, precious metals, CFD |
Currency | -- |
---|---|
Minimum Position | 0.1,0.01(MT4) |
Supported EA | |
Depositing Method | -- |
Withdrawal Method | -- |
Commission | -- |
Capital
Higher than 86% Japanese brokers $775,194(USD)
100.00%
BBB
100.00%
BBB-
100.00%
BBB-
Company Summary
Company profile
Basic | Information |
Registered Country/Region | Cyprus |
Regulation | ASIC, FSA, DFSA, FCA, NFA, FMA, MAS |
Founding Time | 1974 |
Minimum Deposit | $0 |
Maximum Leverage | 1:30 |
Minimum Spreads | 0.6 pips on EUR/USD |
Trading Platform | MT4, IG Proprietary |
Trading Assets | currency pairs, commodities, indices, stocks, financial spread betting |
Payment Methods | Bank Wires, ACH, Debit Cards |
Customer Support | 5 /24 Live Chat, Phone, Emails |
General Information & Regulation
IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). IG was founded in 1974 in London, U.K. is the world's first broker to actually built the concept of financial spread betting that introduced online dealing as early as in 1998. IG headquartered in London (UK) and including operations in the USA, Australia, Japan, New Zealand, registered among European countries and Singapore.
Regulatory Information
IG Markets have 9 entities under stringent regulation in their own jurisdictions:
IG MARKETS LIMITED, authorized and regulated by the Australia Securities and Investment Commission (ASIC), with Regulatory License No. 220440
IG AUSTRALIA PTY LTD, authorized and regulated by the Australia Securities and Investment Commission (ASIC), with Regulatory License No.515106
IG Markets Limited, authorized and regulated by the Financial Conduct Authority (FCA), with Regulatory License No.195355
IG証券株式会社, authorized and regulated by the Financial Services Agency (FSA) in Japan, with Regulatory License No. 9010401051715
IG US LLC, authorized and regulated by the National Futures Association (NFA), with Regulatory License No. 0509630
IG MARKETS LIMITED, authorized and regulated by the Financial Markets Authority (FMA), with Regulatory License No. 18923
IG ASIA PTE LTD, authorized and regulated by the Monetary Authority of Singapore (MAS), with Regulatory License Number Unreleased.
IG Limited, authorized and regulated by the Dubai Financial Services Authority (DFSA), with Regulatory License No. F001780
Pros & Cons of IG
To ensure greater openness and compliance with strict regulations, IG is publicly traded on the Stock Exchange. Low Forex trading fees, a comprehensive teaching center, a wide variety of powerful trading tools, and solid research are just some of IG's many positives as a trading partner.
However, the selection of products available for trade is somewhat restricted, with Forex and CFDs being the primary vehicles for doing so.
some advanatges and disadvantages of IG are listed below:
Pros | Cons |
Multiple Regulation | Limited payment methods |
Wide range of trading assets | Relatively high minimum deposit |
Low minimum deposit requirement | Conservative leverage in some areas |
Quality choice of trading platforms, including MT4 | |
Educational tools for beginner traders | |
Autochartist signals integrated with the proprietary web-based platform | |
Market Instruments
IG claims that it offers a wide range of tradable financial instruments for global investors, over 18,000 instruments, including Forex, indices, CFDs on stocks, digital cryptocurrencies, options trading for investors to choose from.
Account Types
IG seems only offer a basic account, and this broker requires no minimum initial deposit, which means investors can fund their IG account any money to start trading with this broker. Most other brokers would, in most cases, ask a minimum depsit of $100 ~$200 to open a standard account.
IG Leverage
In accordance with the new ESMA regulation, which tightened the restrictions on trading in Europe, European citizens and residents can now only use a certain multiplier in their transactions. Depending on the specifics of the local regulations, IG trading accounts may be subject to additional ratio restrictions.
So, while European traders are restricted to a maximum leverage of 1:30 on Forex instruments, Australian authorities permit a much higher 1:200 leverage. Check out the table below for a full look at the leverages available for cryptocurrency, commodity, share, and index instruments.
IG Spreads & Commissions
The minimum spread is around 0.6 pips on the EURUSD pair, 0.6 pips for AUDUSD, 0.9 pips for GBPUSD, 0.9 pips for EURGBP, 0.3 pips for spot gold, 2 pips for spot silver, 0.5 pips for emerging market indices, 2.8 pips for Brent crude oil and 2.8 pips for US light crude oil. Stock CFDs commissions: The minimum commission for US stocks is 2 cents per share per side(minimum $15), 0.18% for Hong Kong stocks (minimum HKD15), 0.10% for UK stocks (minimum £10), and 0.08% for Australian stocks (minimum AUD$7).
IG Trading Platform
IG offers traders an award-winning trading platform that makes trading faster and smarter, featuring an online trading platform, a trading app, a tablet app, an MT4 trading platform, and ProRealTime advanced charting. The web-based platform allows traders to open, close, and adjust positions more quickly in just a few seconds, split charts to view the same market in multiple time frames simultaneously, and upgraded smart mode to automatically save trade sizes and stop-loss levels. ProRealTime's advanced charts cover price, volatility, and more than 100 other indicators, allowing you to trade directly from the charts, including setting buy and sell orders.
Trading Tools
Additionally, all IGs platforms are enhanced with 18 free add-ons and indicators, Autochartist, technical analysis tools, and a free VPS for an expert advisor, and a range of small detailed settings that enhances trader deal.
Deposit & Withdrawal
You won't have to worry about meeting any sort of minimum deposit or paying any sort of transfer charge. However, before you start trading, you should check the deposit requirements and margin for the instruments you plan to use.
Since there are a variety of deposit options, a trader may select the one that works best for them in terms of initial trading fees and get started trading practically immediately. In addition, double-check the availability of this and any other feasible alternatives in your area.
Major debit/credit cards,
bank transfer,
using the PayPal system,
Skrill or Neteller
Customer Support
IG customer support services can be reached through several methods, including live chats, social media, available on Phone 24h . Traders absolutely covered by responses to queries in different languages, since the variety of offices truly represents all variety of nationalities and countries.
Educational Resources
In addition to its many other benefits, IG's dedication to its clients' success shines through in the form of IG Academy's free trading classes, webinars, and other resources. You'll discover everything you need to get started trading with IG, thanks to the company's extensive educational resources that boost trading potential, allow you to improve your abilities if you already have them, and provide you with help at the beginning.
Being one of the largest firms in the world, IG makes substantial investments in the training of traders and other interested parties through its IG Academy, which is an integral part of its global offering. To ensure that its traders are well-educated, IG often hosts Live Seminars with prominent figures in the industry.
IG Review Summary | |
Founded in | 1974 |
Registered in | United Kingdom |
Regulation | ASIC, FCA, FSA, AMF, FMA, MAS, DFSA |
Market instruments | Forex, shares, indices, commodities, thematic and basket, options, futures, spot, cryptocurrencies |
Demo Account | ✅($20,000 virtual funds) |
Minimum Deposit | $0 |
Leverage | Up to 1:400 |
EUR/USD Spread | From 0.6 pips |
Trading platform | Online trading platform, mobile trading app, progressive web app, ProRealTime, MT4, L2 Dealer |
Payment Method | Credit/debit cards, bank transfer |
Customer Service | 24 hours a day, except from 6am to 4pm on Saturday (UTC+8) - live chat, phone, email, WhatsApp, Help & Support |
Regional Restrictions | USA |
Here is an official video from the company:
IG is a UK-registered company and regulated by multiple international financial bodies, including the ASIC, FCA, FSA, AMF, FMA, MAS, and DFSA. It offers access to a 17000+ markets, including currencies, indices, cryptocurrencies, stocks and commodities. The company provides multiple trading platforms, including an intuitive web platform, MetaTrader 4, L2 dealer and mobile apps. It also offers multilingual customer support through various channels, including telephone, email, social media and online chat.
IG is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, IG acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that IG has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with IG or any other MM broker.
Pros:
Cons:
Yes. IG is currently regulated by multiple regulatory authorities, including ASIC (Australia), FCA (UK), FSA (Japan), AMF (France), FMA (New Zealand), MAS (Singapore), and DFSA (UAE).
Regulated Country | Regulator | Regulated Entity | License Type | License No. |
Australia Securities & Investment Commission (ASIC) | IG AUSTRALIA PTY LTD | Market Making (MM) | 515106 | |
Financial Conduct Authority (FCA) | IG MARKETS LIMITED | Market Making (MM) | 195355 | |
Financial Services Agency (FSA) | IG証券株式会社 | Retail Forex License | 関東財務局長(金商)第255号 | |
The Autorité des Marchés Financiers (AMF) | IG Europe GmbH | Retail Forex License | 79238 | |
Financial Markets Authority (FMA) | IG AUSTRALIA PTY LTD | Straight Through Processing (STP) | 684191 | |
Monetary Authority of Singapore (MAS) | IG ASIA PTE LTD | Retail Forex License | Unreleased | |
Dubai Financial Services Authority (DFSA) | United Arab Emirates | Retail Forex License | F001780 |
IG offers access to 17,000+ markets, covering forex, shares, indices, commodities, thematic and basket, options, futures, spot, and cryptocurrencies.
Tradable Instruments | Supported |
Forex | ✔ |
Shares | ✔ |
Indices | ✔ |
Commodities | ✔ |
Thematic and basket | ✔ |
Options | ✔ |
Futures | ✔ |
Spot | ✔ |
Cryptocurrencies | ✔ |
Bonds | ❌ |
ETFs | ❌ |
Mutual Funds | ❌ |
IG offers a single live account with nominimum deposit required. Aside from live accounts, demo accounts are also available.
IG's demo account is a very useful tool for beginner traders, as it allows them to trade in a safe and risk-free environment. With IG's virtual funding of $20,000, traders can practice and hone their trading skills without risking their capital. In addition, the IG demo account provides access to the trading platform and all the instruments and tools available in the live account, allowing traders to familiarize themselves with the platform and test different trading strategies.
As for the maximum leverage dimension at IG, the company offers a maximum leverage of up to 1:400. This means that traders can open positions that are 400 times larger than their available capital. Leverage can be a powerful tool for experienced traders, as it allows them to earn higher profits with limited capital. However, it can also significantly increase the risk of loss and it is important that traders fully understand the risks and limitations of leverage before using it.
In terms of costs, IG offers competitive, with EUR/USD spread starting from 0.6 pips. However, there is not much information available on commissions, which may create uncertainty for some traders. In addition, it is important to note that costs may be higher in less liquid markets or with lower trading volume.
IG offers various trading platforms to meet the needs of different types of traders. The web-based platform is intuitive and easy to use, although it may be less customizable than other platforms. They also offer MetaTrader 4, a popular and well-known platform in the forex industry. For experienced traders, L2 Dealer offers a wide range of advanced tools and functionalities. However, this platform can be more complicated for beginner traders. Mobile apps are available for iOS and Android, allowing traders to trade on the go.
The minimum deposit for card payment is $50, and no minimum deposit required for Bank Transfer. Deposit options including immediate credit/debit card transactions upon card registration, with up to five cards permissible per account. For Hong Kong clients, cost-free FPS transfers in HKD are available and usually clear within one business day. Bank transfers are also supported. Always include your account ID as a reference to ensure prompt and accurate allocation of funds. However, fees of 1% are charged on Visa deposits and 0.5% on Mastercard deposits. Unfortunately, there is no detailed information on withdrawal of funds, which may be a drawback for some customers.
IG Markets enables convenient funding through its mobile app, accessible under the 'add funds' section for both iPhone and Android users. Additionally, transfers can be made via Wise (formerly TransferWise), though users should check for any associated fees as IG Markets is not affiliated with Wise. For Wise transfers, proof of transaction and account details may be required.
In conclusion, IG is a well-established and regulated trading platform that offers a wide variety of financial instruments, an intuitive web platform and access to MetaTrader 4 and L2 Dealer. Although its demo account offers generous virtual funding, information on live accounts is limited. Multilingual customer service is available through multiple channels. However, there is very limited information on deposit and withdrawal.
What is the minimum deposit required to open an account with IG?
There is no minimum deposit requirement to open an account with IG.
What deposit methods are accepted on IG?
IG accepts deposits through debit cards, credit cards and bank transfers.
What is the maximum leverage offered by IG?
IG offers a maximum leverage of up to 1:400 on certain financial instruments.
What trading platforms does IG offer?
IG offers online trading platform, mobile trading app, progressive web app, ProRealTime, MT4, and L2 Dealer.
Trading online carries inherent risks, including the potential loss of invested capital. It may not be suitable for all traders or investors. It's essential to understand and acknowledge these risks before engaging in online trading.
IG recently launched a new morning show titled "Trade Live with IG." This show aims to provide viewers with real-time market analysis, expert insights, and trading strategies to help them navigate the financial markets effectively.
IG replaces PayPal with Apple Pay for UK users following FCA discussions, ensuring instant transactions and high authorization rates for a smooth experience.
IG Group reports declining financial performance amidst stable market conditions. Revenue falls, but interest income rises. Strategic cuts and new leadership aim for future growth.
IG adds 25 new stocks for extended hours trading, available to UK clients from 9 am to 1 am Monday-Thursday, and 9 am to 10 pm on Fridays.
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