IG Review

IG offers a comprehensive trading package, featuring excellent trading and research tools, education, and an extensive range of tradeable markets.

A trusted multi-asset broker, IG is publicly traded and regulated across the globe. IG simply delivers a fantastic all-around trading experience.

Why we like them

IG is considered low-risk,. IG is publicly traded, does operate a regulated bank, and is authorised by Asic,JFSA,Mas,Fimma,FCA

FMA and CFTC

Offering of investments

The range of markets available to you may vary depending on which of IG’s regulatory entities holds your account. Residents of the U.K., New Zealand, Japan, and the U.S. must choose their respective local IG entity.

Alongside nearly 20,000 CFDs, IG offers exchange-traded securities (non-CFDs) for residents of the U.K. Germany, and Australia to access international stock exchanges,In addition to forex. IG Bank in Switzerland is also an option for eligible clients.

Commissions and fees

IG’s size allows it to provide flexible execution across the board – regardless of the product being traded. While IG is not a cheap broker, it shines for the active trader pricing available through its Forex Direct accounts, and its ability to execute large orders. Spreads on its main account are fairly close to the industry average

CFD account active trader rebates: For volume traders who qualify as professionals under EU rules, IG offers pricing discounts via its three-tier active-trader rebate program. In tier one, you can earn a 10% spread rebate if you transact over £50 million worth of forex volume per month. Meanwhile, if you trade over £300 million per month, the rebate jumps to as much as 20%. To put this into a different context, 20% off of 0.76 pips is 0.17 pips, which would result in an all-in cost of just 0.60 pips – a very competitive spread.

DMA account (Forex Direct): For the knowledgeable traders seeking more significant discounts than what is offered in the CFD account, the DMA account is an even better option than the active trader rebates on IG's spread-only pricing. This commission-based offering, Forex Direct, is available via the DMA account platform. The DMA account requires just a £1,000 minimum and uses a tiered pricing scale based on the trader's previous month's trading volume.

Pros

• Founded in 1974, IG is publicly traded (LON: IGG) and regulated in six tier-1 jurisdictions, making it a safe broker for forex and CFDs trading.

• Alongside Offering of Investments (with over 19,000 tradeable assets) Commissions and Fees, Education, Mobile Trading and Professional Trading.

• In addition to IG Smart Portfolios and share-dealing, IG offers listed derivatives including options and futures trading in the U.S. and Europe, alongside its forex and CFD trading (and Spread Betting for U.K. clients).

Cons

• Though IG’s industry-leading web platform is fantastic but does not have predefined layouts means that some manual configuration is necessary.Between premium MT4 add-ons from FX Blue, and Autochartist integration, IG’s MetaTrader offering still only offers 76 tradeable instruments.