IG Markets

Details

Broker IG Markets
Website URL
Founded 1974
Headquarters United Kingdom
Support Number +442078926181
Languages English , Dutch , French , German , Spanish , Portuguese
Minimum 1st Deposit $300
Bonus Unfortunately IG does not offer any bonuses, however we strongly recommend them.
Leverage 1:200
Free Demo Account Yes
Regulated Yes
Regulation FCA
Deposit Methods Visa , MasterCard , Maestro , Visa-Delta , Solo , Electron , Bank Transfer , Paypal
Withdrawal Methods Visa , MasterCard , Maestro , Visa-Delta , Solo , Electron , Bank Transfer , Paypal
Overall Score

Pros

  • Highly reliable and competent
  • Regulated (FCA) broker
  • 24-hour customer service

Cons

  • Not CySEC regulated

IG Markets is a massively successful online trading brokerage that provides traders from around the world with the opportunity trade Forex and CFDs on an extensive range of markets. IG Markets is owned and operated by IG Markets Ltd and was first established in 1974. The brokerage has grown tremendously since then and now serves over 195,000 clients around the globe and has 15 offices in 14 different countries. The brokerage is based out of the United Kingdom with their headquarters located at Cannon Bridge House, 25 Dowgate Hill, London, United Kingdom EC4R 2YA. Since IG Markets is headquartered in the UK, they are licensed and regulated by the UK Financial Conduct Authority (FCA).

Over the years, IG Markets has built up an outstanding reputation and is a preferred online trading brokerage by many. IG Markets gives their traders access to over 15,000 markets including indices, shares, forex, commodities, cryptocurrencies, bonds, IPOs, interest rates, sectors, ETPs, and ETFs. The brokerage does not offer traders any enticing bonuses or promotions for signing up, but rather presents their excellence through their trading platforms, investable products, services and more. They have won numerous awards for their sophisticated trading platforms, advanced trading technology, extensive product offering, and their outstanding customer support.

IG Markets is a leading international trading brokerage for good reason. However, there are numerous competent and reliable online trading brokerages to choose from. So how do you know which one will fit your needs and is right for you? It’s a very difficult decision, but we’re making it easier by shining light on the IG Markets broker and analyzing all aspects in our in-depth review below.

IG Markets Types of Trading Accounts

IG Markets serves traders from numerous countries spanning all 5 continents. For most countries, IG Markets only offers traders the ability to open CFD accounts. These CFD accounts are the same across all countries and are the only type of CFD account offered. Therefore, IG Markets provides fair opportunities and trading conditions to all of their traders, no matter where they are from. Also, all traders have access to a live demo account where they can practice trading using virtual money.

To open a real trading account, the client must verify their identity by uploading pictures of their government issued ID and proof of residence via a bank statement or utility bill. Then, the trader must make an initial deposit of $300 or equivalent in other currencies. The currencies supported by IG Markets include a variety of majors and minors, but they are not stated specifically.
One other type of trading account that’s available to all traders is the Robo Advisory account. This account facilities automated trading via advanced algorithms powered by Expert Advisors or EAs. Traders can open this account with an initial deposit of $500 or equivalent in other currencies.

In addition to the standard CFD account and Robo Advisory account mentioned above, traders from the UK benefit from the ability to open a second trading account for the trading of stocks. As well, UK traders can open up tax efficient accounts like ISA or SIPP. UK traders have these added account types because they are permitted under UK FCA regulation. As for other countries, there are other regulatory authorities that permit these types of accounts.

IG Markets Trading Platforms

IG Markets provides their traders with two highly sophisticated trading platforms that accommodate the needs of both beginner and experienced traders. See the platforms overviewed below.

Meta Trader 4 (MT4)

This is the most popular trading platform in the world as it is the most productive, convenient, advanced, and easy to use trading platform available. IG Markets MT4 platform is available for downloadable on desktop platforms such as Windows, Mac, and Linux operating systems. The entire platform interface is intuitively designed by combining advanced functionality for experienced traders with an easy to use and understand implementation for beginner traders. The MT4 trading platform comes with a complete trading package that features numerous technical indicators, chart types, time frames, and drawing and analysis tools. Trades can conduct one-click trading from the charts and receive updated quotes in real-time. As well, traders can implement trading robots or “Expert Advisors” (EAs) to automate trades and capitalize on opportunities. This is all made possible due to the advanced MQL MT4 programming language.

IG Markets Web-Based Platform

This is IG Markets proprietary trading platform that is accessible via the web browser on desktop computers and is available for free download on both iOS and Android devices from the Apple App Store and the Google Play Store. The platform is highly functional and caters more towards beginner traders but accomodates the needs of most experienced traders as well. Traders can create and edit watch lists, view breaking market news, view full market depth for forex and equity CFDs, execute one click trading, advanced charting analysis, and so much more. The platform is incredibly easy to use and even supports customizable layouts.

IG Markets Welcome Offers

IG Markets does not offer any bonuses or promotions to new traders who sign up and create accounts. The brokerage has an excellent reputation and already provides traders with favorable trading conditions, so they do not need to entice new traders to join.

IG Markets Commissions & Spreads

IG Markets is a very fair and transparent online trading brokerage who lays out all of their fees and commissions for everyone to see on their website. Overall, the fees and commissions are fairly low and quite competitive with the industry standards. Traders pay a small spread on every non-share CFD they trade, and they pay a commission for every share CFD they trade. In addition to the trading fees charged through commissions and spreads, trades can incur various fees for other services and reasons. For instance, an account inactivity fee of $12 per month will be charged to traders with an inactive account for two or more years. Another additional fee traders may incur is $30 per month for the ProRealTime Charts. However, this fee can be waived with at least 4 trades per month. Other fees may apply as well, but these are the standard and most well-known fees.

IG Markets Deposits & Withdrawals

IG Markets supports a variety of deposit and withdrawal methods for their traders to choose from. All methods supported are the same both for deposits and withdrawals. Clients must be fully verified before depositing or withdrawing funds with IG Markets. See below, the available deposit and withdrawal methods.

Card Payments: (Visa, MasterCard, Maestro, Visa-Delta, Solo, Electron)
This is the quickest and easiest method for depositing or withdrawing funds. Deposits are processed instantly, and withdrawals are processed within 1 – 6 business days.
Bank Transfer
This method of depositing or withdrawing funds is best suited for large amounts as IG Markets has no limits for Bank Transfers. Deposits are processed within 3 business days, and withdrawals are processed within 3 business days as well.
PayPal
This deposit/withdrawal is also very quick and easy. Deposits are processed instantly, and withdrawals are processed within 1 business day.

IG Markets Customer Care & Support

IG Markets features award winning customer support for their customers. Support representatives can be reached via email, telephone, live chat, and through their various social media channels. The customer support is available 24 hours a day, from Monday to Friday and is available from 9:00 am to 5:00 pm on weekends. Additional methods of support include an extensive FAQ page and an IG Markets community section. In the community section, traders can interact with one another on forums, view news articles, blog posts, guides and tutorials. All in all, IG Markets has some of the best customer support we have seen in an online trading brokerage.

What we think of trading at IG Markets?

We have researched and analyzed all aspects and faucets of the IG Markets online trading brokerage and have come to the conclusion that they are a highly reliable and competent online trading brokerage. IG Markets features an extensive array of tradeable assets across thousands of global markets and provides an entire suite of advanced trading platforms to choose from. They feature favorable trading conditions and have low commissions and fees. As well, IG Markets is very safe and secure as they are well established and regulated by one of the most competent regulatory agencies in the industry. All in all, we highly recommend trading with IG Markets as there are very few things if any that we can complain about.

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