IG Markets is a well-established online broker that was founded in 1974. The company has its headquarters in London, UK, and it is regulated by top-tier financial authorities such as the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS). IG Markets offers a wide range of trading instruments, including forex, commodities, stocks, and cryptocurrencies, and has a global presence with offices in over 15 countries.
The purpose of this review is to provide an overview of IG Markets’ services and offerings. This review will cover various aspects such as the trading platforms, trading conditions, account types, customer support, and more. By the end of this review, readers should have a clear understanding of what IG Markets offers and whether it is the right broker for them.
IG Markets Pros and Cons
IG Markets is a global financial services provider that offers trading services in various markets, including forex, shares, commodities, and indices. The platform is known for its advanced trading tools, competitive pricing, and excellent customer support. However, like any other trading platform, it has its own advantages and disadvantages.
Pros
- Advanced trading platforms: IG Markets offers advanced trading platforms like the popular MetaTrader 4 (MT4) and its proprietary platform, which provide traders with access to cutting-edge tools and features that help them make informed trading decisions.
- Competitive pricing: IG Markets offers competitive pricing on spreads, making it an attractive option for traders looking for low-cost trading.
- Range of trading instruments: IG Markets offers a wide range of trading instruments, including forex, shares, indices, commodities, and cryptocurrencies, providing traders with numerous trading opportunities.
- Regulated broker: IG Markets is regulated by top-tier financial regulators like the FCA, ASIC, and CFTC, which ensures that traders’ funds are safe and secure.
- Excellent customer support: IG Markets provides traders with excellent customer support through various channels like email, live chat, and phone.
Cons
- Limited educational resources: IG Markets does not provide a lot of educational resources for traders, which can be a disadvantage for beginners.
- Inactivity fee: IG Markets charges an inactivity fee of $18 per month for traders who do not place any trades for two years, which may be an inconvenience for some traders.
- Limited payment options: IG Markets offers limited payment options, which may be an inconvenience for traders who prefer using certain payment methods.
- High minimum deposit: The minimum deposit required to open an account with IG Markets is relatively high compared to other brokers, which may be a disadvantage for small traders.
Safety and Regulation
IG Markets is a well-established financial services provider that offers trading services in various financial markets, including forex, stocks, and commodities. The company operates under strict regulatory oversight to ensure the safety and protection of its clients’ interests. Here are some key aspects of IG Markets’ safety and regulation:
Regulatory bodies overseeing IG Markets
- Financial Conduct Authority (FCA) in the United Kingdom
- Australian Securities and Investments Commission (ASIC) in Australia
- Monetary Authority of Singapore (MAS) in Singapore
- Dubai Financial Services Authority (DFSA) in the UAE
- Financial Services Commission (FSC) in South Africa
- Financial Services Agency (FSA) in Japan
These regulatory bodies ensure that IG Markets adheres to strict regulatory standards and procedures.
Security measures for clients’ funds and personal information
IG Markets employs various security measures to protect clients’ funds and personal information. The company uses SSL encryption to ensure the confidentiality and integrity of clients’ data, and it keeps clients’ funds in segregated accounts that are separate from its operating funds. Moreover, the company has a robust risk management system that monitors clients’ accounts for any suspicious activities.
Complaints and resolutions
IG Markets has a dedicated customer support team that handles client complaints and inquiries. Clients can submit their complaints through various channels, including email, phone, or live chat. The company has a complaints resolution process that is designed to resolve client complaints quickly and fairly. If a client is not satisfied with the outcome, they can escalate their complaint to the relevant regulatory body.
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Offering of Investments
IG Markets is a leading online forex and CFD broker that provides a comprehensive range of financial instruments for trading. The platform offers clients access to over 17,000 financial instruments, including forex pairs, shares, indices, commodities, and cryptocurrencies.
Range of financial instruments available for trading
IG Markets provides its clients with access to a diverse range of financial instruments, including more than 90 forex currency pairs from major and minor markets, over 13,000 shares from companies around the world, and over 30 global indices. The platform also offers trading in popular commodities like gold, silver, oil, and natural gas, as well as cryptocurrencies like Bitcoin and Ethereum.
| Forex Trading (Spot or CFDs) | Yes |
| Tradeable Symbols (Total) | 19537 |
| Forex Pairs (Total) | 100 |
| U.S. Stock Trading (Non CFD) | Yes |
| Int’l Stock Trading (Non CFD) | Yes |
| Social Trading / Copy Trading | Yes |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (CFD) | Yes |
Trading conditions for different account types
IG Markets offers several account types to suit the needs of different traders, including a standard account, premium account, and professional account. The standard account provides access to all the available financial instruments, while the premium account offers additional benefits like lower spreads and dedicated support. The professional account is designed for experienced traders and provides even lower spreads and higher leverage.
Leverage and margin requirements
The maximum leverage offered by IG Markets varies based on the financial instrument and account type. For forex trading, the maximum leverage is 1:30 for retail clients and 1:200 for professional clients. Margin requirements also vary based on the instrument and account type, with the margin required ranging from 0.5% to 20%.
Overall, IG Markets provides a wide range of financial instruments, flexible trading conditions, and competitive leverage and margin requirements. This makes it a suitable choice for traders of all levels, from beginners to experienced professionals.
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Commissions and Fees
IG Markets is a well-established online trading platform that offers various financial instruments, including forex, stocks, and commodities, to its clients. In this article, we will discuss IG Markets’ commissions and fees, spread and commission models, non-trading fees, and how they compare with other brokers in the market.
Spread and commission models: IG Markets offers two types of spread models: fixed and variable. The fixed spread model is ideal for traders who want to know their trading costs upfront, while the variable spread model offers tighter spreads during market volatility. The broker also offers commission-based accounts, which are suitable for high-volume traders.
Non-trading fees: IG Markets does not charge any deposit or withdrawal fees, except for bank wire transfers, which incur a small fee. The broker also charges an inactivity fee of $12 per month after two years of account inactivity.
Comparison with other brokers in the market: When compared with other brokers in the market, IG Markets’ commissions and fees are competitive. The broker’s spreads are relatively low, and the commission charges are reasonable, making it an attractive choice for traders looking for a reliable and cost-effective trading platform. However, traders should note that IG Markets’ inactivity fee is relatively high, which could be a disadvantage for inactive traders. Overall, IG Markets’ commission and fee structures are competitive, and the broker provides traders with a range of trading accounts to suit their individual needs.\
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Trading Platforms
IG Markets is a leading online trading platform that provides its clients with a range of trading platforms to suit their trading needs. These platforms include the company’s proprietary platform, MetaTrader 4 (MT4), and other trading platforms.
IG’s proprietary platform and MetaTrader 4 (MT4) platform
IG’s proprietary platform is a popular choice among traders, offering a range of advanced trading tools and features, including customizable charting and real-time news and analysis. The platform also provides access to a wide range of financial instruments, including forex, stocks, indices, and commodities. For those who prefer the MetaTrader 4 (MT4) platform, IG also offers this popular trading platform, which provides access to advanced charting and technical analysis tools, as well as a range of custom indicators and trading robots.
Mobile trading apps
IG also offers mobile trading apps for both iOS and Android devices, allowing traders to access their accounts and trade on-the-go. The mobile apps provide real-time access to market news and analysis, as well as customizable charts and order types.
Other trading platforms
In addition to its proprietary platform and MT4, IG also offers other trading platforms, including ProRealTime, L2 Dealer, and APIs for automated trading. ProRealTime is a popular charting and technical analysis platform, while L2 Dealer is a DMA platform that offers advanced order types and depth of market data. APIs for automated trading allow traders to program their own trading strategies and algorithms.
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Market Research and Analysis
IG Markets is a well-established online trading platform that offers a variety of financial instruments to traders around the world. One of the key features of the platform is its market research and analysis tools, which provide traders with up-to-date information and insights on the global financial markets.
Daily market commentary and analysis: IG Markets offers daily market commentary and analysis, which covers a range of financial instruments such as forex, commodities, and indices. The analysis is provided by experienced analysts who use a combination of fundamental and technical analysis to provide traders with a comprehensive view of the market. The commentary includes an overview of the current market trends, key support and resistance levels, and potential trading opportunities.
Economic calendar and news feeds: IG Markets provides its clients with an economic calendar and news feeds that keep them updated on the latest economic events and market-moving news. The economic calendar includes important indicators such as GDP, CPI, and employment data, while the news feeds cover a range of topics including politics, central bank policy, and corporate earnings.
Technical analysis tools: IG Markets offers a range of technical analysis tools to help traders make informed trading decisions. The platform includes advanced charting features, indicators, and drawing tools that allow traders to analyze market trends and identify potential entry and exit points. IG Markets also provides access to trading signals, which are generated by a team of professional traders using technical and fundamental analysis.
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Education and Resources
IG Markets is a leading online broker that provides a wide range of educational resources and tools for traders. The company’s focus on education and support has made it a popular choice for both novice and experienced traders. Below are the main education and resource offerings by IG Markets.
Trading Academy and Educational Resources: IG Markets’ trading academy is an excellent resource for traders looking to improve their knowledge and skills. The academy provides comprehensive courses on trading, risk management, technical analysis, and more. The courses are available in different formats, including videos, e-books, and interactive tutorials, making it easy for traders to learn at their own pace.
Webinars and Seminars: IG Markets regularly hosts webinars and seminars that cover a wide range of trading-related topics. These events are presented by expert speakers and provide traders with the opportunity to learn from industry professionals. Webinars and seminars are free to attend for IG Markets’ clients and can be accessed via the company’s website.
Customer Support and Assistance: IG Markets’ customer support team is available 24/5 to assist traders with any issues or questions they may have. The company provides several channels for support, including email, phone, and live chat. Additionally, IG Markets’ website provides an extensive knowledge base that contains answers to frequently asked questions and a range of trading resources.
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Final Thoughts
IG Markets is a well-established online trading platform that has been operating for over 45 years. The platform offers a wide range of financial instruments, including forex, shares, indices, commodities, and cryptocurrencies.
One of the standout features of IG Markets is its user-friendly trading platform, which is available in multiple languages and offers a range of trading tools and features. These include real-time market data, customizable charts, and automated trading strategies.
IG Markets also offers a range of account types to suit the needs of different traders, including demo accounts, standard accounts, and professional accounts. The broker also provides educational resources, including webinars, courses, and trading guides, to help traders improve their knowledge and skills.
In terms of regulation, IG Markets is authorized and regulated by multiple regulatory bodies, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Monetary Authority of Singapore (MAS). This means that IG Markets adheres to strict regulatory standards and provides a safe and secure trading environment for its clients.
Overall, IG Markets is a reliable and reputable online trading platform that offers a range of financial instruments, user-friendly trading platforms, and educational resources. With its strong regulatory framework and commitment to customer satisfaction, IG Markets is an excellent choice for traders of all levels.
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