IG review, Updated for 2021

IG Guide – Read our In-Depth IG Review

This IG review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this IG review does not apply to US users.

This IG review contains the most recent information about IG.

If you're a new entrant in the realm of trading and brokerage, so many details will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough understanding. You'll get adept at all the concepts of brokerage as you continue trading. For starters, you have to choose the right broker who will be transparent with you constantly.

Within this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan will generate hefty returns. IG is one such stage that will take you and your investment into great heights. It is important to understand about IG before you trust them with your money.

Our entire IG Review covers everything you need to know about trading using IG. A good agent can multiply your initial investments and give you favorable profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investment goals.

There's absolutely no sure-fire way to guarantee profits; therefore, you must carefully assess your broker before you select them. It's a frequent misconception that all brokers will be the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.

IG is a broker that has found its way successfully to the brokerage world. In this review, we have tried to collate a number of the important aspects of IG. This review can allow you to understand whether IG is a fantastic match for your own investments or not. We've attempted to breakdown all the features and fees for your convenience.

Who are IG?

IG is a foreign exchange broker headquartered in UK and provides a variety of instruments for online trading. Since its beginning in 1974, IG has emerged as a top-tier player in the industry of online broker. IG includes an extremely aggressive and full-featured trading website that is focused on currency, indices, metals, stocks , commodities.

Over the past 47 years, IG has grown into one of the leading online brokers.

After launching in 1974, their client base has become as big as 178,500+ clients.

IG is a favorite of many dealers.. Our IG review found that they're an excellent choice for automated trading options. It's best suited for investors who are looking for an assortment of assets. Social and automated trading options are the core at IG.

Technology plays a significant role at IG. IG features trading on MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps. IG is honest, transparent, and also a well-regulated agent by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC). Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.

If you feel that IG is not right for you then at the bottom of this IG review you wil find a lot of alternatives to IG.

Everything you ought to know about trading with IG

IG is a lively platform that provides various procedures of trading online. These tools cover the monetary markets considerably. Most of the brokerage platforms offer less methods than IG

If you wish to trade with IG, you'll need a minimum deposit of $200. This deposit is required if you want to start trading using IG. This 2021 IG review will guide you safely about trading with them.

IG is as versatile as any other brokerage platform. IG is excellent for traders that want a manageable variety of low-cost services. The platforms provided by IG are third-party, white-label offerings. All traders can select out of MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps.

Along with everything, IG has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a trade must be kept available. The brokers offer premium client service which rewards clients with advantages.

Many unprofessional brokers attempt to pressurise consumers into larger financing for premium services. IG, on the other hand, is more focused on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the more advantages will become available.

IG accounts are available globally and provides quality service everywhere they have customers. There are some select few countries where IG accounts are not available. Traders in the following countries cannot open or use a IG account:

Is IG Safe To Trade With?

Launched in 2006, IG has been in operation for 47 years, they are headquarted in UK.

IG is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC). These figures have rules that ensure that trading platforms have measures in place to keep investor's assets procured. This usually means that IG users don't need to be worried about their money since it's segregated and safely stored in banks that are established. SSL encryption secures every user's personal information as well.

You are able to make use of a choice for 2 Factor Authentications (2FA) with IG for heightened security. An SMS with the confirmation code will be sent to your mobile phone. You'll be required to enter this code to log into your account.

Another concern with fiscal brokers is in respect to security might be manipulation of trading. This is highly disadvantageous to consumers on these platforms. Nonetheless, this is much more widespread in the case of Market Maker agents who compete with customers on the stage.

Pro's & Con's Of Trading With IG

Every online trading platform has some pros and cons IG review would be complete without having a balanced approach. This IG review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

IG Review - Compare Brokers Similar To IG

IG Review - Regulation And Licencing In More Detail

IG is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).

IG, as a company, has a powerful set of rules for ensuring fair trading on its own platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).

As per the company's privacy regulations, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.

IG Review - Awards

At the time of writing this IG review, they had not received any awards.

IG Review - Minimum Deposit Required

The minimum deposit you must deposit to get started on IG is $200. This is an adequate amount for those just beginning. It's possible to make more advanced residue as you go along. But, make certain that you understand how to make the most of your money before investing in larger amounts.

IG Review - Commission And Fees Explained

IG is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled much better. In other words, an online broker isn't necessarily affected by the number of customers they have.

However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily three types of penalties for this purpose.

The first kind of charges to look out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you are billed trading charges. In such instances, you are paying a spread, funding speed, or a commission. The sorts of trading fees and the prices vary from broker to broker.

Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Funding or overnight rates are people who are charged when you maintain a leveraged position for longer than daily.

Apart from trading fees, online brokers also bill non-trading fees. These are determined by the actions you undertake on your accounts. They are charged for operations like depositing money, not trading for long periods, or withdrawals.

Generally, IG doesn't charge high fees in comparison to other online brokers. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who often trade, such as weekly or daily trading.

But, non-trading fees charged by IG are comparatively competitive. Consequently, you are charged more for non-trading actions in your trading account, like deposits and withdrawal. These aren't about the sale and purchase of resources.

This IG review breaks down each of the relevant non-trading fees for you in detail.

Compare broker fees against IG

IG Review - Withdrawal Fees Explained

Withdrawal of money is possible at any moment from your IG account. It's possible to draw sums up to the sum of your account balance, keeping aside the perimeter used. 1 thing to keep in mind is that you don't necessarily have to have any cash in your account.

In addition, the withdrawn money will be moved directly to the accounts you use to make deposits. Thus, if you used a credit card for deposits, the withdrawn cash will be sent into the card. IG will ask you to offer other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In the event you are withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will depend on the money you are opting to draw in.

IG Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your head while open an account with IG. An inactivity fee is an amount charged to registered traders who have not engaged in purchasing or selling for a while. The period considered inactive is determined by the agent.

The inactivity fee differs from one agent to another and isn't generalized. If a traders account does not have a buying or selling transaction, it's claimed by the agent as an inactivity fee. The traders have to pay this commission under terms and conditions that they had agreed while enrolling.

IG charges an inactivity fee when you don't make any trades for a while.

Even if no fees have been indicated by IG, it's better that you close the account if you're inactive. Inactivity fees aren't only charged by broker firms but also many financial services.

For additional trading platforms, the inactivity fee depends on the sort of account you have selected. The inactivity fee is subjected to a lot of conditions and should be revealed clearly by the agent beforehand.

IG Review - Deposit Fees Explained

When you transfer money into your trading account from your bank account, a deposit fee can be charged by the broker. Most brokers do not charge too much money for this particular operation.

IG charges a deposit fee for transferring money into your trading account.

Depositing money on the IG trading platform is simple. You simply have to complete a single-user profile questionnaire to begin depositing money into your trading account. You'll have to give an identity evidence and evidence of residency to deposit substantial amounts.

IG Review - Compare Broker Deposit Methods

What Can You trade With IG?

Note: IG offers a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered will be different based on the country of residence of the client.

IG has a wide variety of over 10,000 instruments available for you to trade with.

If trading currency pairs is of interest to you then IG offer over 100 currency pairs.

Compare IG, ATFX, City Index & Zerodha below.

Alternatives To IG

If, after reading this IG review, IG doesn't meet your needs check out these IG alternatives.

Frequently Asked Questions about IG