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Thadeus Geodfrey is an experienced and celebrated writer and self-taught trader specialising in cryptocurrencies and forex. Market analysis, identifying fraudulent brokers, and security are his cup of tea. At BrokerRaters Thadeus develops educational materials and user-guides, offer market insights, ensures our content conforms to the best standards. Join Thadeus to succeed in your trading endeavours.
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Hundreds of thousands of people have active IG Markets accounts, including many of our team members. We encourage you to sign up with this broker if you haven’t done so already. But don’t take our word for it. First, gauge the broker’s suitability based on aspects like its regulatory status, security, fees, and assets. This in-depth IG Markets review covers these and many other elements.
Before compiling this review, our experts researched and tested IG Markets for many hours. We also read and reviewed testimonials and ratings on different respected sites, including Google Play, the App Store, and Trustpilot. Rest assured that this review is founded on up-to-date, unbiased information.
In This Guide
Our Opinion about IG Markets
After extensive research and evaluation, we consider IG Markets one of the most secure and reliable brokers today. The company is licensed and regulated by the FCA in the UK, BaFin in Germany, and FINMA in Switzerland. It’s also authorized by the FSCA, the DFSA, ASIC, and MAS in South Africa, Dubai, Australia, and Singapore. Being authorized and regulated by these and many other respected authorities lend IG Markets the credibility it deserves to rank with other industry leaders.
We also urge our readers to consider trading with the IG Markets broker because it gives its users access to 17,000+ financial products, including forex pairs, indices, commodities, shares, and more. Most of these assets have competitive spreads and commissions. For instance, you can trade forex pairs and indices on the platform and optimize potential returns with low spreads starting from 0.6 points and 0.1 points, respectively.
IG Markets
✔17,000+ financial markets
✔No minimum deposit requirement
Pros & Cons
Pros
- It’s authorize and regulated by multiple authorities, including the FCA, the FSCA, and ASIC
- Users can trade with powerful platforms like MT4 and ProRealTime
- Expert representatives are available to address customer queries and concerns 24 hours a day
- Over 17,000 financial markets are available on the platform
- World-class trading courses, webinars, and other materials are offered on the free IG Academy
- A vibrant community where traders can interact and learn from their peers
- No minimum deposit requirement
- Zero basic transaction fees for deposits and withdrawals
Cons
- Its trading tools are primarily tailored for experienced trades
- Mainly offers CFDs on financial assets
Fees
Both low-budget and high-budget individuals can trade on IG Markets since this broker has no minimum deposit requirement. You can top up your account with whatever is within your budget limitations after signing up with this terrific service provider. Note that IG Markets charges spreads and commissions that vary from one asset to another. For instance, the spreads for currency pairs like AUD/USD and EUR/USD start at 0.6 points. On the other hand, the charges for shares start at 0.08% commission per side. You can also trade spot gold and other commodities, whose spreads start at 0.3 points.
We’ve highlighted some of the fees and charges that our experts discovered while exploring and evaluating IG Markets.
| Fees and Charges | Details |
|---|---|
| Account opening charge | $0 |
| Spreads and commissions | Starting from 0.1 points/ 0.08% commission per side |
| Overnight funding | Yes |
| Guarantee stop premiums | Yes |
| Direct Market Access | Variable commission |
| Live price data fees | Variable monthly fee |
| Currency conversion fee | 0.8% |
| Account inactivity fee | $0 |
Available Assets
Presently, traders registered with IG Markets have access to 17,000+ financial instruments. There is a high chance that this broker has your favourite products and then some. Building a diversified portfolio should be a dream while trading with IG Markets.
Here’s a sneak peek of the financial assets offered by the IG Markets broker:
- Indices: IG Markets allows its users to take positions on 80+ indices, including popular markets like Wall Street, FTSE 100, and US 500. Such products give you the opportunity to profit from entire economies and sectors.
- Forex: Different forex products are available on the IG Markets trading platform, including popular pairs like AUD/USD, EUR/JPY, and USD/CHF. Many of these instruments have competitive spreads. For instance, the EUR/USD, GBP/USD, and USD/JPY spreads are 0.6 points, 0.9 points, and 0.7 points, respectively.
- Shares: IG Markets gives traders uncapped access to over 13,000 international shares, with competitive commissions starting from 0.08% per side for Australian products. Diverse categories of shares are available on the platform, from Hong Kong SAR and New Zealand to Australia and South Africa.
- Commodities: Iron, nickel, cobalt, copper, and other commodities are available for trading on the IG Markets platform. After signing up with this broker, the commodities you will get access to belong to different product categories, from energies to precious metals.
- Cryptocurrencies: IG Markets offers CFDs on 11 popular crypto assets like Bitcoin, Ether, and Cardano. The broker’s users also have access to the Crypto 10 Index and 2 crypto crosses, Bitcoin/Ether USD (£1) and Bitcoin Cash/Bitcoin.
- Specialist markets: After becoming an IG Markets user, you’ll gain unlimited access to ETFs, options, and interest rates. The broker also allows its clients to earn returns from bonds, sectors, and knock-out trading.
Security
As a multi-regulated broker, IG Markets is incredibly secure. This company follows all laws and mandates set by authoritative bodies like ASIC and the FCA, which are dedicated to protecting traders and investors. For instance, it holds client funds and assets in segregated accounts, separate from company resources that fund daily operations, hedging, and other purposes.
If you’re in the UK, trading with IG Markets is a splendid idea because you get coverage of up to £85,000. This broker also uses different protocols and measures to optimize security. For starters, the platform offers 2FA authentication, which helps traders protect their accounts against breaches.
Conclusion
Our IG trading platform review has introduced you to essential insights and facts you should know before opening an IG Markets account. The ball is now in your court. It’s time to decide if this broker aligns with your goals, needs, and expectations. We encourage you to spend as much time as possible assessing the company’s suitability before opening an account and making a financial commitment.
Also, note that trading is risky, even with credible and trustworthy brokers like IG Markets in the future. To increase your odds of success and minimize losses, educate yourself, avoid emotional trading, and practice risk management.
BrokerRaters Rating:
✔17,000+ financial markets
✔No minimum deposit requirement
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Risk Warning
74% 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.
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