IG is a market leader with over 40 years’ experience in CFD and Forex trading. It was established in 1974 as an alternative and innovative way for retailers to speculate on gold prices. Over the years, IG has changed the face of trading with its secure, debt-free, and well-capitalized balance sheet, and continuous growth. It has a global presence and holds a leading position in countries such as France, Australia, UK, and Singapore.

IG has fast execution speeds coupled with excellent customer service. IG’s trading technology focuses on the speed, stability, and achieving improved pricing for the Forex traders. UK’s Financial Conduct Authority (FCA) authorizes and regulates the IG markets. FCA takes into account the local capital requirements in areas where IG markets operate. Opening an IG account is easy and takes a few minutes. There are free demos and other resources that traders will find helpful.

Features

 

Trading Options
IG is a leading broker of various assets that every professional trader needs. Besides being Forex brokers, IG deals with CFD trading, shares, stocks, spread betting, bonds, indexes, ETF’s, commodities and options.

Supported Platforms
IG traders have access to the L2 dealer, ProReal Time, and the MetaTrader4 platform. It also supports web trader and mobile applications on Windows, iOS, and Android for smartphone and tablets versions.

Available Accounts
There are two types of accounts:

Standard account for ordinary traders with a minimum trade of$1 and maximum of $300
Premium accounts / high net worth traders account which is ideal for experienced traders.

Deposit and Withdrawal Options

There are three core funding options for the currency traders which include:

Credit cards: Visa and Mastercard can be used for deposits and withdrawals. However, there is a 1.5 percent service charge.
Debit cards: There are no charges for the MasterCard debit card. Visa, debit cards users, incur a 0.5 percent service fee

bPay: bPay is a convenient way of receiving or withdrawing funds. Traders incur no cost but have to wait for 2-3 working for clearance.

Bonuses and Other Special Features

IG offers free accounts for new traders on the platform.

Also, there are incentives for referrals. There are bonuses for traders who prevent themselves from withdrawing their funds till they achieve a certain milestone.

Pros

  • A broad range of currency pairs, markets, and multi-asset CFDs which makes it versatile
  • IG offers competitive commission-based pricing and spreads
  • The platform has comprehensive real-time exchange data and research tools for easy trading
  • It is licensed in major regulatory jurisdictions making it secure and trustworthy
  • Excellent 24/5 customer service via email, live, or phone

Cons

  • The spreads and fees are high in some cases e.g. in the MT4 trading platform which results in great losses

The Direct Market Access is not available on all the financial products and needs activation

Conclusion

There are very few CFD and Forex brokers that can match the high standards shown by IG markets. IG has a wide array of trading platforms and assets. Also, the firm has a global footprint and a trusted regulatory compliance authority that makes the best Forex trading market. It is an ideal choice for low-risk traders on a small budget.

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