- 1 Regulation & Reputation
- 2 Trading Platforms
- 3 Trading Accounts Offered
- 4 Markets
- 5 Customer Support
- 6 Deposit & Withdrawal
- 7 Are IG Index Best For Day Trading?
- 8 FAQ
- 9 Accepted Countries
IG is one of the largest forex and CFD brokers in the world, with 14 offices spread over 5 continents, servicing over 185,800 active clients around the world. The company is owned and operated by IG Markets Ltd and was established in 1974. The brokers headquarters are located in the United Kingdom and are registered there under license number 04008957. Brands under the IG umbrella include Nadex and IG US, for US clients.
Regulation & Reputation
Regulation and reputation is of the utmost importance when choosing an online broker to deal with. IG Markets Ltd is licensed and regulated by the Financial Conduct Authority (FCA) of the United Kingdom. Also, for each regional office, they are licensed and registered by the country in which it resides. IG US for example, are fully compliant in the United States.
As for IG’s reputation, it is excellent. The company has proven themselves for over 40 years as being a top competitor who has shaped the world of online trading as we know it today.
The brokerage has won numerous awards for their trading platforms, technology, outstanding customer support, and more. IG Trading analysts are regularly quoted in the news as a trusted source of market analysis.
IG Markets features their very own proprietary web-based trading platform. The platform has been recognised as best in it’s class and have received immense praise from the industry, including our own Awards.
In addition to their web-based platform, the broker also offers downloadable applications for both Apple and Android devices such as smart phones and tablets. The web-based platform and mobile applications are very user friendly with customisable layouts, advanced monitoring tools, easy navigation, and various advanced trading tools. Their platforms are known for being very innovative with the latest technologies being incorporated with them first.
If traders are new to the IG trading platform and prefer a more widely known trading environment, they are free to use the popular Metatrader4 series of platforms. As well, traders can utilise the advanced charting analysis tools offered by IG.
Trading Accounts Offered
IG Markets keeps things simple by offering only two types of trading accounts for their clients with of course a live demo account to test out the software and trading platform.
They offer a standard account for retail day traders, and more premium accounts for high net worth traders, plus a specific professional account. The professional account require certain criteria to be met (experience and trading capital) but does allow greater levels of leverage in exchange for less regulatory protection.
Standard accounts have a minimum trade amount of $1 and a maximum per option limit of $300.
In addition to the two accounts offered, advanced traders have the ability to open a DMA account which enables them to trade market depth via the use of algorithms. As well, this gives traders the option to participate in pre-market and post-market auctions.
Traders with IG Markets are blessed with a wide array of tradeable financial instruments. For instance, traders have access to over 10,000 assets in all the tradeable markets which include spot forex, stocks & CFDs in currency pairs (over 90 of the majors, minors, and exotics), indices, stocks, commodities, bonds and precious metals.
IG excels in the area of customer support and have won numerous awards for it. With all their support options, traders can expect to prompt responses in number of different languages. The direct support options available are live chat, email, telephone, and social media. Their support desk is available around the clock Monday to Friday and from 9:00 am – 5:00 pm on weekends (UK time).
The headquarters address is: Cannon Bridge House, 25 Dowgate Hill, London, United Kingdom EC4R 2YA. IG offer their services to countries from all around the world, excluding the United States, and Belgium. As well, their services are not intended for any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Deposit & Withdrawal
Making deposits is very simple with IG, as it should be. Traders can deposit funds via credit cards (VISA, MasterCard, debit) and Bank Wire Transfers.
As for withdrawals, IG limits traders to withdrawing funds via internet bank transfers or credit/debit cards. Withdrawal request are handled promptly if all the necessary documentation is submitted prior to a withdrawal request.
Are IG Index Best For Day Trading?
- Education – IG offers traders various educational materials such as an extensive library of training, educational, and support materials on how to day trade successfully.
- Trading Tools – Traders have access to a comprehensive range of charts, market news, and data and analysis tools. As well, traders have access to over 100 technical indicators.
- Range of assets – There is a massive array of assets of over 10,000 to choose from, which makes this brokerage great for day traders who are just beginning or seasoned veterans.
Are IG Group regulated?
Yes, IG are regulated by the Financial Conduct Authority (FCA) of the United Kingdom. The US brand, IG US, are fully licensed and regulated by the SEC.
What methods can I use to deposit funds at IG or IG US?
Deposits can be made through bank wire transfer, major credit cards, DBS/POSB bill payments, telegraphic transfer and via standard chartered bills.
Does IG Group accept international traders?
Yes, International traders are accepted except from the Canada, Belgium, and any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Traders based in the US can trade with the US regulated arm of IG Group, IG US.
Is there a fee for making a withdrawal?
No, there are just minimum amounts required for withdrawals.
What is the minimum initial deposit requirement at IG?
The minimum initial deposit requirement is £250 or currency equivalent.
IG Group accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use IG Group from Canada, Belgium, United States.