IG markets Review

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Broker rating: 8.7

No bonus

IG Markets broker review

IG Markets was the first spread betting broker in the world, founded in 1974. IG Markets is listed on the FTSE 250 and is one of the largest forex brokers in the world. IG Markets offers a wide range of tradable assets such as forex, commodities, stocks, indices, ETFS, CFDs, spread betting, and even binary options. IG Markets has offices in over 20 country and is officially the number 1 CFD broker.

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Broker information

Broker	IG Markets
Website link	http://www.ig.com
Founded in the year	1974
Main office based in	London, UK
Contact possibilities	Telephone, Fax, live chat, Skype, Email: helpdesk@igindex.co.uk
Available languages	English, Deutsch, Nederlands, Español, Français, Português, Dansk, Italiano, Tiếng Việt, Česky, Magyar, Eλληνικά, Polski, 中文, български, 日本語, 한국말, ภาษาไทย
Trading platform	Mobile dealing, Pure Deal, Web Dealing
Minimum first deposit	€10
Minimum amount traded	€1
Maximum amount traded	€1,000,000
Welcome bonus	No Bonus
Pay out information	Within 48 hours
Leverage	Up to 1:700
Spread	0.8 pips
Demo account	Click to open a Demo account
Regulated
Regulated by	IG Markets is regulated by the FCA
Extra fees information	There are no hidden fees
Available accounts	Demo account, Spread Betting account, CFD trading account, Stockbroking account, Corporate account
Methods of deposit	Banktransfer, Creditcards, iDeal
Methods of withdrawal	Banktransfer, Creditcards, iDeal
Number of tradable Assets	10,000+
Types of tradable assets	Forex, spot Forex, commodities, indices, stocks, Spread Betting, Futures, CFDs, ETFs, options and more
Types of options	Options, binary options
US traders allowed
Trading on smartphone
Trading on tablet
Broker Score	8.7

Complete IG Markets Review

IG Markets has a webtrader platform and mobile apps to trade with. Besides the conventional trading platforms, IG Markets also has more advanced trading platforms such as MT4 and MT5 for professional or more advanced traders.

Level 2 Dealer platform

The IG Markets level 2 Dealer Platform offer traders direct market access (DM) which they can use to trade directly in shares and underlying values.

ProRealTime Platform

The IG Markets ProRealTime platform offers a wide range of monitoring tools and advanced dynamic charting functions.

MetaTrader 4

Besides the self-designed trading platforms, IG Markets also offers the world-famous MetaTrader 4 trading platform to trade CFDs and spot forex.

IG Markets account types

There are different account types available at IG Markets. First, there is the demo account, which traders or soon-to-be traders can use to practice trading on the financial markets via IG Markets. Second, there is the Trader Account, a type of trading account which professional traders can use under MiFID regulation. Finally, there is the Limited Risk Account for novice traders who have little experience trading on the stock markets.
This type of trading account comes with “newbie” functions like a guaranteed stop loss and negative balance protection. Also the maximum leverage is somewhat lower.

IG Markets costs

Like every broker, IG Markets has to make some money as well by asking a small commission for trading with IG Markets. The costs vary per account type but start as low as 0.18 pips, plus a minimum of $10 on Forex DMA. Spread betting and CFDS cost at least 0.8 pips and when trading with MetaTrader the spread starts at 1.2 pips.

IG Markets reliability

IG Markets is regulated and is under supervision of numerous institutions worldwide. Besides, IG Markets has won many awards for their trading platform and customer service. IG Markets is also very open and transparent in the costs they charge their customers. This last point especially is definitively a plus for this broker.

IG Markets customer service

IG Markets’s customer service is, contrary to many other online brokers, available 24/7 by phone, fax, email, live chat, and Skype, in more than 20 languages. IG Markets exists already over 40 years and the customer service is more experienced than many other online brokers. The average reaction time for email is just 2 hours at IG Markets, which is quite fast in comparison to brokers.

Are US traders permitted to trade with IG Markets?

For the moment, IG Markets does not accept US traders on their forex, CFD, stocks, and equity trading platforms. But there is good news: IG Markets has launched NADEX, a binary options trading platform where traders from all over the world, including the United States, can trade binary options.

IG Markets review conclusion

IG Markets was founded over 40 years ago, and is one of the oldest brokerage companies in the world. They have conquered the world with respect to CFD and spot forex trading and a market leader in over 150 countries. With licenses in multiple countries and continents and no fraudulent past, IG Markets can be considered a very safe and reliable broker.

Low spreads and professional trading accounts make for perfect trading conditions for experienced traders, while limited risk accounts are ideal for novice traders who are rather new to stock trading.

With a low minimum first deposit of just 10 Euros and a free unlimited demo account with virtual money, IG Markets is the ideal broker for both experienced and beginning traders. It’s certainly worth trying to open a trading account with IG Markets.