IG Broker

IG UK’s clients are able to deposit and withdrawal currency via credit and debit cards, or wire transfer. There are some other popular e-wallets available as well, such as BPay, China Union Pay, and PayPal. This benefit is only for citizens of the European Union and the U.K. If your CFD balance drops below zero, IG will bring it back to zero ASAP without costing you a dime.

You cannot use WebMoney, Skrill, Neteller, ADVCash and other payment services here. It is also impossible to use cryptocurrencies as a base currency. The biggest drawback of the broker is the lack of diversity of trading accounts, so you will not be able to receive more beneficial conditions if you fund your account for a large amount. IG offers good minimum deposit conditions and it is also possible to test your trading skills on a demo account. In the years of its operation, the company has not been involved in any high-profile scandals. IG has been in the market since 1974; online services were introduced in 2003.

Trading fees and other costs

On the other hand, professional and institutional clients may feel somewhat limited and might want to consider one of the other IG platforms or even cTrader. Unfortunately, IG don’t provide cTrader but Pepperstone do if you need this platform. IG have built their business around being on the client’s side as it is in their own interest for clients to be profitable so that they keep trading with the broker.

In addition, trading traditional shares and other financial instruments is possible through a share dealing account. You own the underlying asset instead of CFD derivatives with a share dealing account, so you enjoy shareholder rights, including dividend payments. IG offers over 18,000 markets for online trading including currency pairs, commodities, indices, stocks, financial spread betting, and more. And, of course, features current trend IG Cryptocurrencies trading through CFD bases as well for pairs on popular bitcoin, ethereum, ripple, and many more.

Lower fees, lower costs?

IG offers platform choices to suit web, mobile, iPad, tablet and MetaTrader4 users, on both iOS and Android. Futures and options contracts can be bought and sold on most instruments, and with such a selection, you might go short on an option, but you’ll never be short of options – dad joke. However, if market prices change, as they often do in milliseconds, then IG’s equipment intuitively works in the client’s favour.

• IG also has something to offer to the experienced traders – a huge choice of trading instruments and rather competitive commissions.
• There aren’t all the bells and whistles that competitor interfaces may offer, but what it lacks in quantity is more than made up for in quality.
• In addition, the economic calendar lets you set up alerts for key market events.
• Outside of market hours though can result in higher costs for spreads and indices.
• We tried to call IG several times, and sometimes could not connect to anyone even after 5-10 minutes of waiting.
• Account types are flexible and they have a choice of convenient deposit/withdrawal options, albeit slightly limited in terms of digital wallets.

After extensive research over several years, we have compiled a list of the most effective IG alternatives available today. If you are unsatisfied with IG or want to explore other options, we recommend checking out our carefully curated list of highly-rated IG alternatives. Follow the links below to learn more about these IG broker alternatives and choose the one that best suits your trading needs. Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

IG Education

The platforms you can choose from are IG’s proprietary trading platform, ProRealTime (PRT), L2 Dealer or the ever popular MetaTrader 4 (MT4) trading platform. The broker also offers direct market access (DMA) for professional traders who would like to deal directly into the order books of major equity exchanges. Although IG U.S. offers forex only, U.K traders will have access to a huge range of over 16,000 markets including indices, shares, forex, commodities, cryptocurrencies, to name a few. Fees that come along with spread bets and CFD trading are generally the same, with some exceptions, all of which are clear and transparent, including tax implications.

You can trade directly through IG’s API if you want to build your own trading platform. With IG’s trading API, you can either build your own or use pre-made solutions to place spread bets (UK) and trade CFDs. Automate your trading by connecting your front-end solutions to IG’s market-leading pricing and execution technology. It is a program that connects two applications – for example, your IG trading account and your custom-built platform. Trading with APIs enables you to gain direct access to IG’s ecosystem, providing you with faster order execution and more control, which can enhance the experience of trading.

Shares CFD (all clients) and Share Trading (Australian and UK clients only)

To do so, download the ‘IG Authentication’ app on your mobile and activate the two-factor authentication. IG has a straightforward and fully digital account opening process. The online registration takes only 5-10 minutes, but the account verification can take a bit longer. If like us you are trading outside of standard market hours, the button will be greyed out.

• Clients can choose from a variety of platform options and easily upgrade as their accounts build equity.
• In this section, you need to provide information about the source of your funds and your annual income.
• IG provides home-­grown mobile apps for iOS and Android that can also be loaded on tablets.
• IG’s investments offering includes share dealing, smart portfolios, ISAs, SIPP, and ETFs.

It’s worth noting that Wikipedia content is highly moderated for accuracy, so having a page dedicated to IG speaks to its legitimacy and significance. This means that IG
have publically listed and you can officially https://forex-reviews.org/just2trade/ buy/sell shares in IG on one of the worlds global stock market exchanges. With the click of a button, you can also set up price alerts for any market and get them via email, text, or push notification in real-time.

Commissions on CFD on stocks by countries

Brokers that have spread betting include Pepperstone (our recommended broker for spread betting), AvaTrade, IG, CMC Markets, Admirals, and City Index. IG share trading gives access to 12,000+ shares from global stock exchanges including the ASX, DOW, NASDAQ and London Stock Exchange. Across these major exchanges, you can start trading not only large companies such as those listed on the S&P 500 can be traded but also many small caps. An IG share trading account has some limitations on stock exchanges such as Germany and Ireland, where only large companies can be traded.

Don’t worry if you haven’t traded before, the platforms are easy to navigate and include tutorials to help you find your way around. From my experience, the best way to learn is by taking the hands-on approach. You can open a free demo account for each platform to get a feel for them and see which you prefer before making a commitment. When you deposit money into an IG account as a retail client, it’s protected in a number of ways.

IG will charge an inactivity fee of $18 on the first of every month if no dealing activity has occurred for two years or more. From the table above, the spreads charged by IG are mostly within the range of its competitors like IC Markets and Fusion Markets. However, the average spread on GBP/USD is quite on the high side. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results.