image IG VISIT IG image VISIT image VISIT
About

IG is regulated by the Financial Conduct Authority and ASIC. IG have provided forex, spread betting, CFD, and stock trading services since 1974.

Why choose them?
  • Yes Over 44 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and ASIC
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
Headquarters London, UK

TRADING SERVICES OFFERED

Spot Forex Yes No No
Forex (CFD) Yes No No
CFD Yes No No
Spread Betting Yes No No
Social Trading No No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 90
Commodities Offered 34
Stocks Offered 8000
Bitcoin Yes No No
Majors Yes No No
Indices Yes No No
US Stocks Yes No No
Penny stocks No No No
Energies Yes No No
Metals Yes No No
Agriculturals Yes No No
FTSE Yes No No
Dow Jones Yes No No
Dax Yes No No
Nikkei Yes No No
ETFs Yes No No
IPO Yes No No
See all instruments

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

See all instruments

See all instruments

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes No No
MT5 No No No
MT4 Mac Yes No No
WebTrader Yes No No
Mirror Trader No No No
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms ProRealTime & L2 Dealer No No

APPS

iOS image Yes No No
Android image Yes No No
Windows image No No No
Available Languages

English, French, German, Spanish, and Portuguese

See platform & features

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

See platform & features

See platform & features

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by IG and

Demo account Yes No No
Mini account Yes No No
Micro account No No No
Standard account Yes No No
ECN Account No No No
Islamic account No No No
Zero spread account No No No
VIP account Yes No No
Fixed spreads No No No
Variable spreads Yes No No
See account options

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

See account options

See account options

TRADING CONDITIONS

Scalping Yes No No
Hedging Yes No No
Expert advisors (EAs) Yes No No
Virtual private server Yes No No
Direct market access Yes No No
STP broker Yes No No
Market maker No No No
Min trade £1
Max trade Variable
Min deposit $250

RISK MANAGEMENT

Stop losses Yes No No
Limit orders Yes No No
One-click trading Yes No No
Trailing stops Yes No No
Price alerts Yes No No
Signal trading Yes No No

FUNDING METHODS

Credit card Yes No No
Bank transfer Yes No No
Standard account Yes No No
Paypal Yes No No
Neteller No No No
Skrill No No No
Payment processing time Varies
Withdrawal processing time Varies
See all funding options

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

See all funding options

See all funding options

DETAILED INFO

Excluded countries
Contact email Send Email Send Email Send Email
phone number 44 20 7633 5300
Live Chat Yes
Website http://www.ig.com/
Forex Spreads
EUR/USD 0.60
GBP/USD 0.90
USD/JPY 0.70
AUD/USD 0.6
Cryptocurrency Spreads 10
View all FX spreads

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

View all FX spreads

View all FX spreads

INDICE SPREADS
Dax 30 1.0
Nasdaq 100 1.0
Euro Stoxx 50 1.5
ASX 200 1.0
S&P 500 0.4
FTSE 100 1.0
Google 1 to 20
Facebook 4 points per side
View all spreads

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

View all spreads

View all spreads

FEES

Inactivity Fee Yes
Commission Yes (0.1%)
Deposit Fee Varies
Withdrawal Fee No
View All Fees

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

View All Fees

View All Fees

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Last update

All information collected from http://www.ig.com/. Last updated on 01/07/2019.

All information collected from . Last updated on 01/07/2019.

All information collected from . Last updated on 01/07/2019.

Company

Founded in 1974, IG are one of the largest and most respected brokers in the world. With over 125,000 traders, low margins and spreads, and a range of platforms, they're a popular choice for traders looking for a reputable broker that also offers a good range of markets and trading options.

IG are also one of the few brokers that offer experienced traders the chance to upgrade to an elective professional status. For more information about trading with IG, we have put together an indepth IG review with all the pros and cons about this broker.

Popular comparisons

Popular comparisons feat. IG

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Alternatives

Popular comparisons feat.

Alternatives

IG or ?

Access to MT4 or ?

If you’re a trader looking for a broker that offers the popular MT4 trading platform, IG is likely a better fit. However, if

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider IG to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

IG is regulated by Financial Conduct Authority and ASIC, while is regulated by .

As the Financial Conduct Authority are one of the most stringent regulators in the world, IG will have very strict guidelines to follow to ensure they protect their retail trader clients.

are regulated by

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

IG has been around for 45 years, while have been around for 2019 years. Our third alternative broker, , have been around for 2019 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both IG and use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

IG is more popular with over 195,000 traders.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both IG and are public limited companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

IG are based in London, UK, while are based in .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, IG have a slightly larger variety of currency pairs with 90 pairs, compared to offered by . Also, if you’re looking to trade cryptocurrencies, IG offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

If you’re looking to trade commodities like gold, silver or oil, IG may be a better fit as does not offer commodity trading.

Platforms & Account Types

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. IG, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

IG does allow scalping and hedging. While does not allow scalping or allow hedging. You can trade with EAs (expert advisors) on IG but you can't trade EAs (expert advisors) with .

In terms of risk management tools, neither IG or offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

IG also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

IG accept Paypal while

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, IG charges 0.60 points, while charges points. Therefore, is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: IG or ?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, IG is more reliable based on our criteria above. IG has a wider range of instruments to trade. IG offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.