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.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
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.
EUR/USD0.6 PIPS $1 per lot
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
USD/JPY0.7 PIPS $1 per lot
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
GBP/USD0.9 PIPS $1 per lot
The average spread for GPB/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 31.13 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
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:
|Typical overnight fee:||$9.10||$5.00||$9.40|
|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.
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|
|# of commodities offered|
|Indiced & Stock CFDs||IG||AvaTrade||Plus500|
|# of Stocks offered||8000||99||1816|
|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 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
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.
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.