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IG Review

  • Regulated by: Financial Conduct Authority and ASiC
  • Used by: 152,600+ traders
  • Trust Rating: AAA
Open IG's Website

Losses can exceed deposits. Your capital is at risk.

IG offer three ways to trade: Spread Betting, CFDs, Share dealing (including ISAs) and smart portfolios (including ISAs).

To open a live account, you’ll need a minimum deposit of at least $200. Alternatively, IG offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 195355), ASiC (AFSL #220440), Derivatives issuer licence in New Zealand, FSP No.18923, and Financial Services Provider #41393 in South Africa. IG puts all client funds in a segregated bank account and uses tier-1 banks for this. IG have been established since 1974, and have a head office in UK, Australia, Switzerland.

Before we dive into some of the more detailed aspects of IG’s spreads, fees, platforms and trading features, you may want to open IG‘s website in a new tab by clicking the button below in order to see the latest information directly from IG.

Open a demo account Visit IG

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

PROS

  • Used by 152,600+ traders
  • Established in 1974
  • Regulated by Financial Conduct Authority and ASiC
  • Min. deposit from $200

CONS

What are IG's spreads & fees?

The spreads displayed below are based on the minimum spreads listed on IG’s website. The colour bars show how competitive IG’s spreads are in comparison to other popular brokers featured on BrokerNotes.

See all Spreads

Example: How much would it cost to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:

IG AvaTrade Plus500
Spread from: $6.00 $7.00 $10.00
Typical overnight fee: $9.10 $5.00 $9.40
Commission: 1 0 0
Total cost of a 100k trade: $16.1 $12 $19.4
+$4.1 saving +$3.30 more
Visit IG Visit AvaTrade Visit Plus500

All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.

General Fees

  • IG does charge inactivity fees
  • IG doesn't charge withdrawal fees

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • the roll over fee for long positions on EUR/USD is -$9.10
  • the roll over fee for short positions on EUR/USD is $0.34

Commissions

  • IG does charge commission on CFD shares

What instruments can you trade with IG?

FX / Currencies IG AvaTrade Plus500
# of forex pairs offered
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs IG AvaTrade Plus500
# of commodities offered
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs IG AvaTrade Plus500
# of Stocks offered 8000 99 1816
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See IG's Instruments See AvaTrade's Instruments See Plus500's Instruments

What's the IG trading experience like?

1) Platforms and apps

IG offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.

IG Screenshot See IG's Platforms

IG also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you‘re on the move.

See IG's platforms

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss

Accounts offered:

  • Demo account
  • Mini account
  • Standard account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

IG allow you to execute a minimum of trade of £1. This may vary depending on the account you open. IG allow you to execute a maxium trade of Variable.As IG offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, IG offer margin up to 0.005% on currencies.

Finally, we‘ve listed some of the popular funding methods that IG offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • PayPal

3) Client support

IG support a wide range of languages including English, French, German, Spanish, and Portuguese

IG have a BrokerNotes triple AAA support rating because they offer a wide range of languages, live chat, phone and email support.

CFDs are leveraged products and can result in the loss of your capital. All information collected from http://www.ig.com/ on November 21, 2017.