Why IG Markets is the Broker of Choice for Traders

Why IG Markets is the Broker of Choice for Traders

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Are you tired of using brokers that don't live up to your expectations? Look no further than IG Markets. As one of the leading brokers in the industry, they offer a range of features that make them stand out from their competitors.

Cup Winner for Multi Platform provider

  • Best for: Forex and CFD Trading
  • Founded: 1974 in UK
  • HQ: HQ in London
  • Regulated Countries: FCA (U.K.) & CFTC, NFA (U.S.)
  • Trust Factors: Account protection – Security- Education – Awards and recognition
  • Minimum deposit: $250
  • No of customers: 200,000+ globally
  • Available Instruments: (Total): +17,000

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

8.5Expert
Expert Opinion
Place here Description for your reviewbox
Overall
9.5
Trust Score / Security
10
Account Opening
9.5
Instruments Available
9.5
Deposits / Withdrawals
9.5
Fees
9
Trading Platform
9.5
Mobile App
9
Customer Support
7.5
Education
9.5
Pros
  • Easy account opening.
  • Great deposit and withdrawal options
  • First-class web trading platform.
  • IG Academy is superb.
  •  Publicly traded (LON: IGG) and regulated in six tier-1 jurisdictions
  • Ranked as the most trusted broker for forex and CFDs in most of the 2023 Annual Awards
Cons
  • Slow customer support
  • Product portfolio limited to CFDs
  • No copy trading or back-testing integration on IG platform.
  • High stock CFD fees.

IG Markets, a UK-based online broker, offers traders access to multiple markets, such as forex, CFDs, and spread betting. With over 40 years of experience, it's a leading broker, serving clients from 150+ countries, and is FCA-regulated.

Investing-Compare.ai reviews are written by a team of professionals with between 10-30 years of experience each, in addition to thousands of data points. Read about our methods here.

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Traders, regardless of their experience level, who are searching for a user-friendly trading platform may find IG Markets to be a suitable choice.
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IG Markets

In this in-depth review, we'll explore what makes IG Markets stand out from the rest of the pack and why it should be your go-to platform for all your trading needs. So strap in and get ready to discover why IG is truly exceptional.

9.5

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Forex and CFDs are leveraged products and can result in losses that exceed your deposits. Please ensure you fully understand all of the risks.

Introduction to IG Markets

95/100

The company provides its clients with a powerful trading platform, competitive spreads, and superior customer service. IG Markets also offer a range of account types to suit different trading styles and budgets. In addition, the broker provides free education and market analysis to help traders make informed decisions.

Whether you are new to online trading or an experienced trader, IG Markets is a broker that you can trust. With a strong reputation in the industry, IG Markets is the perfect choice for those looking for a reliable and user-friendly online broker.

IG Markets is a world-leading online trading provider, offering CFD and Spread Betting products across a range of asset classes.

With over 16,000 markets to choose from – including indices, shares, forex, commodities and more – IG Markets is the broker of choice for traders who are looking for a comprehensive and user-friendly trading experience.

In addition to its excellent product offering, IG Markets also provides award-winning customer service, with 24/5 support available in 14 languages.

Whether you’re a experienced trader or just starting out, IG Markets is the perfect broker for you.

Credit to: IG

In nearly all key categories of importance to traders, IG ranks at the top.

As an online broker, IG goes above and beyond to provide a rich experience with many options for investing in financial markets. With over 20,000 tradeable CFDs, IG ranks at the top of our list of brokers that offer CFDs. For more information on CFDs, take a look at our full-length CFD guide.

The trading costs, platforms, ease of use, education, mobile apps, research, and range of markets make IG a winner.

Why IG?

IG is one of the world's largest and most reputable CFD brokers. It is regulated by several financial authorities around the world and listed on the London Stock Exchange.

Investing Compare has found that IG has one of the best web trading platforms we've tested. The deposit and withdrawal conditions are excellent, and there are many educational resources available as well.

Credit to: IG

However, forex and stock CFD fees are high and the product portfolio in most countries is limited to forex, CFDs, and options. Customer support could also be improved.

There is no minimum funding requirement and you can easily open a demo account to try IG's first-class trading platform.

Trust, Security & Protection

96.8/100

When it comes to online trading, security and protection are paramount. That's why IG Markets is the broker of choice for traders around the world. With over 40 years of experience in financial markets, we know how to keep our clients' money safe.

IG Markets is a regulated broker, meaning they adhere to strict financial regulations. They are also a member of the Financial Services Compensation Scheme (FSCS), which protects client funds up to £50,000 in the unlikely event that they cannot meet our financial obligations.

In addition to these external safeguards, they have robust internal measures in place to protect their clients' money. The systems are constantly monitored by IG team of experts, and they have strict procedures in place to prevent and detect fraud.

So you can trade with confidence knowing that your money is safe with IG Markets.

Regulation

IG Markets is a regulated broker, meaning that it must adhere to strict financial rules and regulations set by governmental agencies. This provides traders with peace of mind knowing that their funds are safe and protected. In addition, IG Markets is also a member of the Financial Services Compensation Scheme (FSCS), which means that clients' funds are further protected up to £50,000 in the event that the company becomes insolvent.

Does IG Markets have a license? Globally, it is regulated by several financial authorities, including top-tier ones. Here is a list of them:

The Financial Conduct Authority (FCA) of the United Kingdom, Federal Financial Supervisory Authority (BaFin) of Germany, FINMA – Swiss Financial Market Supervisory Authority, National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) of the United States, ASIC – Australian Securities and Investment Commission, The Financial Markets Authority (FMA) of New Zealand, The Monetary Authority of Singapore (MAS),The Japanese Financial Services Authority (FSA), Financial Sector Conduct Authority (FSCA) of South Africa, DFSA – Dubai Financial Services Authority, Bermuda Monetary Authority (BMA) – International.

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Account Opening Process

94/100

Credit to: IG

When you open an IG Markets account, you'll be able to choose from a range of different account types. Whether you're a beginner or an experienced trader, we have an account type that's right for you.

If you're new to trading, we recommend opening a demo account first. This will allow you to learn about the IG Markets platform and try out your trading strategies without risking any real money. Once you're ready to start trading for real, you can open a live account.

On the other hand, if you are an experienced trader, we recommend opening a professional account. This will give you access to exclusive features and tools, such as our advanced charting package and direct market access (DMA).

To open an IG Markets account, simply click on the ‘Open Account' button on our website and follow the instructions. You'll need to provide some personal details and answer some questions about your trading experience. Once your account has been approved, you can deposit funds and start trading straight away.

Instruments Available

83/100

IG Markets offers a wide range of instruments for traders to choose from. This includes major forex pairs, minor forex pairs, exotic currency pairs, metals, energies, indices, and cryptocurrencies.

With so many instruments available, traders can find the perfect opportunities to trade the markets they are most interested in. And with IG's competitive pricing and advanced trading platform, they can do so with confidence.

Most clients at IG are only able to trade CFDs, forex, and options. There are literally thousands of CFDs available to trade, as well as real stocks. Mutual funds and bonds are not available.
US clients are only allowed to trade forex products with IG. IG is primarily a CFD and forex broker. If you live in one of the few countries that offer this service, like the UK, you can also trade stocks.

With IG, you can trade currency pairs, stock indices, stocks, ETFs, commodities, bonds, and futures, as well as CFDs.

STOCKS
ETFS
forex
bonds
funds
options
futures
crypto
cfds
 
STOCKS
ETFS
forex
bonds
funds
options
futures
crypto
cfds
STOCKS
ETFS
forex
bonds
funds
options
futures
crypto
cfds
STOCKS
ETFS
forex
bonds
funds
options
futures
crypto
cfds

Deposits, Withdrawals, Fees

88/100

When it comes to deposits and withdrawals, IG Markets is the broker of choice for traders. With a minimum deposit of just $250 and a withdrawal fee of only $10, IG Markets makes it easy and affordable to get started with trading.

In addition, IG Markets offers a variety of deposit and withdrawal methods, including credit/debit cards, bank transfer, PayPal, and more. With so many options available, you can choose the method that best suits your needs.

Finally, IG Markets offers fast and reliable withdrawals. In most cases, your withdrawal will be processed within 24 hours. So if you need access to your funds quickly, IG Markets is the way to go.

Trading Platform

79/100

There are many reasons why IG Markets is the broker of choice for traders, but one of the most important is the platform options that they offer.

The first platform option is their web-based platform, which is perfect for those who want to trade on the go or don't want to download any software. The web-based platform is also great for beginners as it is very user-friendly.

The second platform option is their desktop platform, which is more suited for experienced traders. The desktop platform offers more features and tools than the web-based platform, so if you're looking to really get the most out of your trading experience then this is the platform for you. Charting within the IG platform offers a range of useful options to traders. In addition to their 11 supported indicators, which you can set up to four alerts for, there is also a rarely-available tick chart. Zooming and resizing the view across time frames was seamless, while trading directly from a chart with an integrated trade ticket means you can consider risk/reward ratios and drag stops/limits accurately.

Both platforms have a wide range of markets and instruments to trade, so no matter what your trading style or preference, you'll be able to find something to suit you. And with competitive spreads and low commissions, IG Markets really is the perfect broker for traders of all levels.

Credit to: IG

Mobile Platform

91/100

Aside from IG's excellent mobile app, which is packed with plenty of features for both casual and advanced traders, the charts in IG's app are arguably among the best among all brokers.

IG features two dedicated trading apps: the renowned MetaTrader 4 (MT4) and their own IG Trading (otherwise named IG Forex). For knowledge, there's the IG Academy app, whereas for enhanced account security we have IG Access – neither of these offer trading. The interface of the IG Trading app is intuitive and packed with details like sentiment readings, alerts, and high-end charts. Research materials include news headlines from Reuters, Autochartist’s signals and PIA First. It's easy to navigate IG's mobile app, which integrates news headlines from Reuters with market analysis and trading signals.

The only drawback is the lack of predefined watchlists or screeners, which makes it harder to sift through IG's massive product list. Charts, however, are outstanding on mobile, and sync seamlessly with the web platform. In addition to syncing watchlists, it is also worth mentioning that trend lines do not sync with SaxoTraderGO from Saxo Bank as they do on SaxoTraderGO. In spite of this, IG's mobile app has a lot to offer. Five distinct chart types – including tick charts – are available on IG's mobile app, including 30 technical indicators, 20 drawing tools, and 16 selectable time frames. Chart indicators added on the web platform won't automatically sync with the mobile app (although they can be saved as presets), but it was an absolute pleasure using IG Mobile’s charts. Setting up charts is easy, and zooming in and out across time frames feels quick and precise. Video educational content: IG Academy is a standalone mobile app that offers educational content.

Cool features

85/100

With IG's platform, traders can view trade signals generated by automated pattern recognition and technical analysis generated by Autochartist and PIA First. IG also provides multiple daily articles and videos that are posted throughout the trading week that allow you to copy these trading ideas with just a single click.

The DailyFX and IG Community are IG's blog-style news websites that offer clients news content and research tools. Over 60,000 users use IG Community, a newly launched social network that looks like a forum. It is crowdsourced, but IG handpicks the best research articles to make it valuable. A timeline (similar to a social network) shows member actions, such as new joins, follows, and comments.

Customer Support

76/100

There are a number of support services available to IG Markets traders. These include a dedicated customer service team, 24-hour live chat support, and a comprehensive FAQ section.

The customer service team is available 24 hours a day, five days a week. They can be contacted by phone or email, and will be happy to answer any questions you have about trading with IG Markets.

The live chat support team is available 24 hours a day, seven days a week. They can help you with any queries you have about your account or the trading platform.

The FAQ section contains answers to many common questions about trading with IG markets. If you can't find what you're looking for, the customer service team will be happy to help.

If needed, there's also a documented customer complaint procedure for grievances resolution. The broker offers multilingual online customer support to appeal to more people worldwide, plus satellite offices that support licensed operations across different regions.

Education

100/100

According to Investopedia, IG's educational tools are superior to those of any other online broker. Beginners can get up to speed quickly with the extensive trader's library, spearheaded by the impressive “IG Academy,” while seasoned practitioners can find advanced trading strategies quite helpful. From platform overviews to upcoming trade opportunities, online webinars cover a wide variety of topics.

Credit to: IG

IG Academy's course is tailored to traders at all levels, and lives up to these expectations. The convenient IG Academy mobile app provides access to useful courses and articles. Unfortunately, DailyFX.com, which was acquired by IG in 2016, is not properly connected to the broker site; unless it is for the live seminar section. Prospective clients who are unaware of this might miss out on a great resource. On top of that, its range of educational materials boosts its value even further, given the presence of an efficient search feature and knowledgeable glossary.

IG Markets Review: The Bottom Line

93/100

In conclusion, IG Markets looks to be the ideal choice for traders of all levels. From beginner to advanced users, IG Markets offers a wide range of features and services that are designed to make trading easier and more profitable. With its low commission rates, fast execution speeds, and reliable customer service team, IG Markets is the perfect broker for anyone looking to start their trading journey or take it to a whole new level.

Risk Disclaimer

need to rewite There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

Why Trust Us?

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At ForexBrokers.com, our reviews  and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score).

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.

Read our full explanation and accounting of our research and testing process to learn more about how we test

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