In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. For popular forex pairs, margin requirements fall between 2% and 5%. Dealing desks are staffed to ensure the proper functioning of the firm's platform(s), without which revenue generation and profitability would suffer. They also own DailyFX.com, a free forex news & research website. Demo accounts give traders access to £10,000 in virtual funds to test their trading strategies and review IG themselves. Below shows the spreads of major pairings which are higher then forex direct. A full overview of dealing specs, for example, can be found in the ‘information’ tab of each asset. In the next points, we will give you a short instruction on how to trade with IG. shares) are never merged with IG’s own money or assets, IG doesn’t use your money for its own business-related activities, Money and assets are ring-fenced from creditors in the unlikely event of liquidation, Best Multi-Platform Provider – ADVFN Awards 2020, Broker of The Year – UK Forex Awards 2018, Best Forex Trading Tools – UK Broker Awards 2018, Best for Forex Trading – Investopedia Online Brokers Awards 2019, Best Trading App – Professional Trader Awards 2019. IG is registered with the Commodities Futures Trading Commission and is a member of the National Futures Association. Then I asked him about the problem I was having again rude and was unable to help or fix that problem so still couldn’t trade (strike 2). IG offers different platforms for their traders. Benzinga will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on this information, whether specifically stated in the above Terms of Service or otherwise. Like many brokers, IG makes its money primarily through the bid-ask spread, or the difference between the bid price and ask price of an asset. This pioneering broker invented spread betting back in 1974, so it goes without saying that it knows a thing or two about this tax-free financial derivative. If you want to take advantage, consider the MetaTrader 4 platform with its well-supported and well-documented auto trading features. Limit your risk with a stop loss and set up a profit for your trade, Sell or buy any market you want with CFDs or other financial products, Place your deal and watch the market moving, Full customizeable and multi-charting is possible, Trade CFDs, Options, Stocks, and any other financial instrument, Fast order execution like the other platforms, Direct market access for Stocks, CFDs, and more, Different account for different platforms and financial products, Use Credit Cards, PayPal, or Bank transfer, No fees or very low fees (depending on your country), Broker since 1974 and listed on the London Stock Exchange, Different financial products (stocks, options, CFDs, crypto, and more), Very good support and education for traders. And while phone support response time was high (like some other reviewers I also gave up after waiting a while) the email support has been excellent - accurate and timely. This can help remove time-consuming and complicated task of analysing charts for patterns. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. Widely regarded as the world’s number one spread betting platform, IG offers access to a huge range of over 17,000 markets and a unique ability to trade round-the-clock. If you withdraw via a wire, you are charged a $15 fee. Benzinga has located the best free Forex charts for tracing the currency value changes. If you understand the costs and risks, IG is an excellent platform for foreign exchange. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. When you view currencies on your trading platform, you’ll see 2 different prices listed: the bid price and the ask price. Disclaimer: Please be advised that foreign currency, stock, and options trading involves a substantial risk of monetary loss. All educational materials are free, though you’ll need to be logged into your IG account to start using them. U.K. clients can access what their U.S. counterparts can, and can also upgrade to the downloadable, fee-based ProRealTime advanced charting platform, which is free as long as certain modest monthly trading activity requirements are met. A healthy roster of online webinars covers "topics from platform walk-through to upcoming trade opportunities.". You can transfer funds to your account via debit/credit card, bank transfer or PayPal. Course 1 starts you with an Introduction to the Financial Markets. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. An demo account is a virtual money account. Though the broker’s customer service and educational offerings aren’t anything to write home about, IG does wonders for providing a welcome first-step for new forex traders, who are often overwhelmed with expert-oriented platforms. Advertiser Disclosure: To deliver on this successfully, IG has decided to adopt the time-honored adage, "go big or go home" because, well, it can. Traders can choose between leveraged trading (CFDs) or normal investment. “IG works well for beginner traders and offers tools suitable for advanced traders. IG provides home-grown mobile apps for iOS and Android that can also be loaded on tablets. Two key tools that can be incorporated into the core platform are: This free feature for IG clients is a pattern recognition tool. 2-factor authentication is available for enhanced security. Averaged 10 significant leverage transactions per quarter over the last 4 quarters; Have a financial instrument portfolio exceeding £500,000; Experience in the financial sector for at least a year, Smart settings – save your last stake size and stop distance, Money is held in segregated accounts at regulated banks under trustee arrangements, Money and assets (i.e. Wenn jemand hat fragen oder braucht … Commentary can be given for selected markets along with price alerts at no extra cost. Professional clients are exempt from intervention measures such as leverage limits and, as a result, are able to trade on lower margins. He co-founded Compare Forex Brokers in 2014 after working with the foreign exchange trading industry for several years. The platform currently supports a variety of order types, ranging from market orders to trailing stop orders. So, should you open an account with IG? Why use IG over competing forex brokers? L2 Dealer can have data usage fees in certain circumstances but for active traders these fees are rebated making it free of charge. With over 178,000 clients across five continents, an extensive product catalog, competitive fees, longstanding business operations, and an excellent industry reputation, it is not surprising that IG is a global leader in online trading and currently ranked as the world's top CFD provider. You clearly see what you can do on this platform. Founded in 1974, IG Markets Ltd (IG) is the world’s largest CFD broker and renowned in trading circles as the inventor of spread betting. It is possible to lose more than your account value due to leverage. PIA First is a market sentiment and technical analysis research tool. Margin for most currency pairings is 0.5% also know as 200:1 which is on the modest side compared to some brokers which offer 500:1 leverage. Clients can choose from a variety of platform options and easily upgrade as their accounts build equity. That said, the inconsistency in not offering negative balance protection and guaranteed stop losses in the U.S. is a bit disconcerting given that the former gives clients peace of mind while the latter offers a viable risk management tool in volatile market conditions. IG accepts U.S. clients, though only for forex, which enlarges its already considerable global footprint. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. It also provides traders information on upcoming events, broker ratings and the top performers before the markets open. The IG platform is available for the web, smartphones, and tablets. IG US LLC is a registered RFED with the CFTC and a member of the NFA (#0509630). It is regulated by both of these organizations. Editorial Disclosure: Reviews are as determined by Benzinga Money. – We will find out in this review. IG also has weekend markets where you can trade in GBP/USD, global indices, and cryptocurrencies. Mobile IG trading is almost the same powerful as its regular version, so whether you want to check real-time feeds, copy other traders or to perform any research it is all available. IG Group, the parent company of IG, is also listed on the London Stock Exchange in the FTSE 250 as IGG. The remaining two platforms are only suggested for those used to the software packages or features but other forex trading brokers offer stronger features across these two options. In the United States, opening an account is relatively quick and easy. So through our review, it is outstanding that you get professional support and service with IG. You can also enter a limit to automatically close your position and take a profit. Read our in-depth IG (US) review before start trading. Your money will manage professional and you can do deposits and withdrawals at any time. IG offers "negative balance protection," which has become a fairly important feature that most online brokers are offering these days, for its U.K./E.U. Our IG trading platform review below looks at these four platforms and their associated fees to discuss which option best suits your trading style and needs. There is also a charge of $15 for wire withdrawals. Financial Sector Conduct Authority (FSCA), Japanese Financial Services Agency (JFSA), Variable charge for all CFD positions held overnight, When shorting a stock via a DFB spread bet or cash CFD, Charged on share CFD and share trades. IG Markets’ commission structure is straightforward and easy to understand: In addition, IG also charges a custody fee of £24 per quarter if you hold investments on a share dealing account or ISA. In both cases, trades are completely commission-free and you just pay the bid-ask spread. In addition, clients in the UK also have an extra layer of asset protection up to £85,000 through the Financial Services Compensation Scheme (FSCS). IG offers reduced minimums for one month when you open a new live spread betting account or upgrade from a demo account, giving you plenty of time to master the markets. If you complete all eight, you’ll end with topics including trading psychology, fundamental analysis, and understanding risk and reward. 001274082). Investopedia's ranking algorithm factored in these characteristics in recognizing IG as the Best Forex Broker for U.S. Traders in 2020. While IG is able to offer its minimum spread in most conditions, it’s worth bearing in mind that spreads will increase as market prices go wider. The sliver of a difference between the prices is what IG earns from traders. IG is not a full-service brokerage with access to all parts of the market. IG offers a variety of different phone numbers for its customer support team, so check which number to call by checking the company’s phone rubric. However, the number of payment methods is more than suitable for the majority of traders. Let’s take a look at a few of our favorite features you can take advantage of as an IG mobile user. The main type of account gives you live trading access to forex markets. You’ll find a wide selection of charting and platform tools and quick workspace tools. In addition, the fact that the company is listed on the London Stock Exchange shows us that the broker is very reliable. These can be handy on both computers and mobile devices. Through our research, we did not find any traders who are complaining about it. IG (U.S.) is also testing out a built-in tool, called "Trade Analytics," which is for analyzing trading activity, but it's only available for live accounts.