IG Markets Review 2019 | Is IG Markets a Scam or Legit Forex Broker?

Read our IG Markets review to find out if IG Markets is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

2.2/ 5

Rating breakdown

Protection & Regulations
40% Complete (danger)
2.0/5
Trading platforms
100% Complete (danger)
5.0/5
Tradable Products
20% Complete (danger)
1.0/5
Deposit and withdrawal
40% Complete (danger)
2.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
40% Complete (danger)
2.0/5
IG Markets
IG Markets Overview

IG is an international retail foreign exchange broker based in London that also offers accounts in the United States. The platform allows you to buy and sell foreign currencies.

# Broker's Features IG MARKETS Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review IG Markets.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. IG Markets offers Online Financial Trading and Investment Services Such as Currencies.

Tradable Products: IG supports more than 80 currency pairs for US traders

Broker Type: Many types of brokers can be found in the most dynamic market in the world. IG Markets is Market Maker.

Features: IG has great and user-friendly charting tools. On the other hand, there are no recommendations or fundamental data available.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. IG Markets recommended minimum capital is $250.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. IG Markets is regulated by CFTC, NFA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: IG is a legal and regulated marketplace since 1974. The parent company, IG Group, also owns NADEX in the United States. IG Group is listed on the London Stock Exchange under the symbol LON: IGG. IG is one of the oldest forex companies in the world

Account currencies: Next lets consider the Account currencies each broker offers. IG Markets offers AUD, USD, HKD, GBP, EUR different account currencies for each account types.

Account Openning: IG accounts in the US are limited to foreign exchange derivatives. You can’t trade stocks or other common instruments with an IG account in the US. IG requires personal information, including information about your income, to open a live account. Opening a free demo account requires just your name, email address, and phone number.

IG Markets offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.

Languages Available: Next lets have a look at each broker's different Language options. IG Markets offers English, Spanish, Chinese, Japanese, Italian, Germ.

Payment methods: Next lets have a look at each broker's payment options. IG Markets offers ACH, Credit Card, Wire Transfer different payment methods for each account types.

Deposit and withdrawal: You have several options to transfer money. The transfer process is user-friendly and fast.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, IG Markets makes MetaTrader 4, MetaTrader 5 available to clients.

Web & Desktop Trading Platforms: IG offers its own online trading platform.
Mobile Trading Platforms: It also supports MetaTrader 4 and mobile apps for iOS and Android.

Other

Trader Education
You can learn all about foreign exchange trading at IG Academy, a free online series of forex courses. IG offers integrated tools to help you research positions on the fly. IG Group also owns DailyFX, a free, online forex news website

Promotions
There is no current bonus or promotion for US accounts. See the rebate program above for information on how to save with a very active account.

Support
Support is available by phone, email, and live chat 24 hours a day during the trading week.

Recup
Regulated and trusted across the globe, IG offers traders an extensive list of tradable products, excellent trading and research tools, industry-leading education, and competitive rates.

Final Thoughts
IG works well for beginner traders and offers tools suitable for advanced traders. IG offers a platform that meets traders’ needs at all experience levels. IG's web trading platform is simple and user-friendly. The customer service is helpful and gives relevant answers. Funding or withdrawing money is easy and there are multiple options. IG's trading fees are high, especially when you trade with lower amounts. The product portfolio is limited and in most countries, it offers only CFD and options trading. IG has limited research tools.

Trading Experience
IG works well for beginner traders and offers tools suitable for advanced traders. IG offers a platform that meets traders’ needs at all experience levels.

People Also Asked

Is IG Markets regulated?
Yes, IG Markets is regulated by top-tier regulators, CFTC, NFA inclusive.
Where is IG Markets based?
IG Markets is based in , United Kingdom
How does IG Markets make money?
IG Markets charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in IG Markets account?
With IG Markets you can deposit money via the following means; ACH, Credit Card, Wire Transfer.
How do I withdrawal in IG Markets account?
IG Markets lets you request a withdrawal of funds from your account via the following means; ACH, Credit Card, Wire Transfer.
What is the minimum deposit for IG Markets?
IG Markets has $250 minimum deposit.
What are the available account base currencies with IG Markets?
IG Markets trading accounts are offered in AUD, USD, HKD, GBP, EUR. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in IG Markets?
IG Markets has a maximum leverage is 1:50 for professional traders.
How do I open an account with IG Markets?
Opening an account with IG Markets is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does IG Markets use MetaTrader?
IG Markets platforms: Yes, IG Markets use MetaTrader as well as the following platforms: MetaTrader 4, MetaTrader 5
What type of broker is IG Markets?
IG Markets appears to be a Market Maker broker which offers market access to a variety of traders.
Does IG Markets accept US clients?
Yes
Does IG Markets offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with IG Markets: You can trade a wide variety of instruments with IG Markets: Currencies