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|
|#||Accepts US traders||✔|
|#||24 hour trading||❌|
|#||Trading by phone||❌|
|#||1st deposit bonus||❌|
|#||Forex contests competitions||✔|
|#||Interest charges on the balance||❌|
|#||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 Stock, ETF, Forex, Options, CFD, Cryptocurrency, IPOs.
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.
As a market maker, IG Markets may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades. IG Markets also offers a number of useful risk management features, such as Guaranteed Stop Loss Orders, Negative Balance Protection, price alerts and much more.
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 FCA, ASIC, FSCA, 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 USD, GBP, AUD, EUR, SGD, HKD 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, French, German, Spanish, Portuguese.
Payment methods: Next lets have a look at each broker's payment options. IG Markets offers Credit/Debit Cards, Bank Transfer, PayPal, Payoneer 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 MT4 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.
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
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 is available by phone, email, and live chat 24 hours a day during the trading week.
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.
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.
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.