IG.com
PROS
- Wide range of trading instruments across various markets
- User-friendly and customizable trading platforms.
- Comprehensive educational resources for all experience levels.
- Regulated by multiple financial authorities for client security.
- Competitive spreads and no commissions on most instruments
CONS
- Inactivity fee charged after 24 months of no trading activity
- No signup bonuses for new clients
- Limited customer support availability on weekends
RISK WARNING: 76.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
About IG.com
IG.com is a leading online trading platform, established in 1974. It provides a wide range of trading opportunities for investors, including forex, stocks, commodities, indices, and cryptocurrencies. With a commitment to offering a secure and user-friendly experience, IG.com caters to both novice and experienced traders worldwide.
IG.com Rewards & Recognition
IG.com has earned numerous accolades and awards for its excellent services, innovative trading platforms, and comprehensive educational resources. These recognitions include the “Best Forex Trading Platform” by Online Personal Wealth Awards and the “Best CFD Provider” by Shares Awards.
IG.com Types of Accounts
IG.com offers different account types to suit the varying needs of its clients:
- CFD Account: This account allows traders to trade contracts for difference, enabling them to speculate on the price movements of various financial instruments.
- Share Dealing Account: Designed for investors interested in buying and selling shares in the stock market.
- ISA Account: A tax-efficient account for UK residents, enabling them to invest in a range of assets, such as shares and funds.
- SIPP Account: A self-invested personal pension account, ideal for long-term retirement planning.
How to open IG.com account?
Opening an account with IG.com is a straightforward process. Follow these steps:
- Visit the IG.com website and click on the “Create Account” button.
- Complete the registration form with your personal information, including name, email address, and phone number.
- Provide proof of identity (passport or driver’s licence) and proof of address (utility bill or bank statement).
- Answer a few questions about your trading experience and financial background.
- Wait for IG.com to verify your information and approve your account, which typically takes 1-3 business days.
- Once approved, fund your account using the available deposit options and start trading.
IG.com Deposit & Withdrawal Options
IG.com offers a variety of deposit and withdrawal options for clients, including:
- Credit/Debit Cards: Visa and Mastercard are accepted for instant deposits and withdrawals.
- Bank Transfers: A secure option for larger deposits and withdrawals, with processing times ranging from 1 to 3 business days.
- PayPal: A convenient and fast method for both deposits and withdrawals. Note that withdrawal processing times may vary depending on the method used.
IG.com Cost & Fees, Commissions and Spreads
IG.com is known for its competitive pricing structure. Costs and fees include:
- Spreads: The difference between the bid and ask prices, which varies depending on the asset being traded. IG.com offers tight spreads, especially for major forex pairs.
- Commissions: Share dealing accounts are subject to commission fees, which vary depending on the market and trade size.
- Overnight funding charges: Applicable to CFD and spread betting positions held overnight.
Inactivity fee: A fee charged if there’s no trading activity for 24 months.
IG.com Trading Platforms, Software, And Its Features
IG.com offers two main trading platforms:
- IG Trading Platform: A proprietary web-based platform, featuring customizable charts, advanced trading tools, and access to news and analysis.
- MetaTrader 4 (MT4): A popular third-party platform, offering a range of technical indicators, customizable charts, and automated trading capabilities.
IG.com Leverages
Leverage allows traders to control a larger position with a smaller amount of capital, amplifying both potential gains and losses. IG.com offers competitive leverage rates depending on the asset and the trader’s region, adhering to local regulations. Leverage rates for forex can go up to 30:1 for retail clients and up to 222:1 for professional clients, subject to eligibility criteria.
IG.com Signup Bonuses
IG.com does not currently offer signup bonuses for new clients. However, they provide a referral program, allowing existing clients to earn cash rewards for referring friends who open and fund an account.
IG.com Markets, Products, And Instruments
IG.com offers a wide range of markets, products, and instruments for trading, including:
- Forex: Over 90 currency pairs, including majors, minors, and exotics.
- Indices: Trade global indices, such as the S&P 500, FTSE 100, and DAX 30.
- Shares: Access thousands of shares from various stock exchanges worldwide.
- Commodities: Trade popular commodities, such as gold, silver, oil,and natural gas.
- Cryptocurrencies: Speculate on the price movements of major cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
- Options and Bonds: Diversify your portfolio with options and bond trading.
- ETFs and ETCs: Invest in a wide range of exchange-traded funds and commodities.
IG.com Training & Education
IG.com is committed to helping its clients succeed in the markets, offering an extensive range of educational resources. These include:
- Webinars: Regular live webinars covering various trading topics and market analysis.
- Video tutorials: Comprehensive video library to help traders understand platform features and trading strategies.
- Trading guides: In-depth articles on trading concepts, risk management, and technical analysis.
- Demo account: Practice trading with virtual funds in a risk-free environment.
IG.com Conclusion
IG.com is a reputable and well-established trading platform, offering a wide range of markets and instruments to cater to diverse trading needs. With its user-friendly platforms, competitive pricing, and extensive educational resources, IG.com is an excellent choice for both novice and experienced traders alike. While the lack of signup bonuses and weekend customer support might be a drawback for some, the overall offering and commitment to client security make IG.com a reliable and trustworthy option for those looking to enter the world of online trading.
