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IG Review (IG Markets)

IG (IG MARKETS) Review

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IG MARKETS GENERAL INFORMATION

Found: IG MARKETS was found in 1974

Headquarters: IG MARKETS is based in London, UK

US Residents: IG forbids US traders –NO

Regulated: IG MARKETS is regulated by FCA UK (195355) and it is also a member of UK FTSE 250

Web-Site Languages: English, Spanish, French, German, Italian, Japanese, Chinese, Portuguese, Swedish

Customer Support: 24/5 via Phone and eMail (Language Support: English, Spanish, French, German, Italian, Japanese, Chinese, Portuguese, Swedish)

 

IG MARKETS TRADING INFO SUMMARY


■ Broker Type: ECN /DMA

■ Trading: CFDs, Options and Futures Trading

■ Spread Betting: YES

Platforms: MetaTrder4, IG ProRealTime, IG L2 Dealer, WebTrader

Trading Time Zone: GMT

■ Demo Account: IG.com provides a 30,000GBP Demo –YES

■ Spread on EUR/USD: 1.5 pips typical (check conclusions)

■ Leverage: Leverage at IG up to 200:1

Scalping: is allowed by IG –YES-

■ Bonus: IG offers No Bonus / It offers $0.75/lot Trading Rebate

■ Minimum Account: $1

IG TRADING ASSETS

IG offers a great asset index containing 10,000 assets:

■ 60+ Forex Pairs

■ Stocks, Indices, Metals, Energy and Commodity Trading via CFDs

■ Forex, Stocks & Indices and other assets via Options and Futures Trading

IG SPREADS & LEVERAGE

IG MARKETS TRADING SPREADS

■ IG offers EURUSD at 1.5 pip typical spread

IG offers USDJPY at 1.5 pip typical spread

IG offers GBPUSD at 2.0 pip typical spread

Check also other spread types at this review's conclusions

IG MARKETS TRADING LEVERAGE

■ Leverage at IG MARKETS can be up to 200:1

IG TRADING PLATFORMS & MOBILE

IG is offering many Desktop Trading Platforms plus Mobile and Tablet Traders, Desktop Platforms include:

MetaTrader4 (the standard platform for trading Forex, IG MT4 can trade Forex and CFDs)

IG Pro RealTime (ProRealTime is an advanced charting package offering monitoring tools and advanced analysis resources)

IG L2 Dealer (DMA execution plus CFDs Trading within the market spread. Drag & Drop trades into orders and link trading charts and news feeds)

IG WebTrader (for beginners)

Trading Features include:

Automated Trading, Forex Scalping, and Hedging are all allowed at IG.com

API Trading with extended capabilities (Check below for details)

■ Bloomberg (Submit orders for trading shares via Bloomberg EMSX)

Autochartist pattern recognition

Trading Central analysis

IG API TRADING

(1) IG API offers easy access to market data, historical data, and direct order execution

(2) IG API can be used with Excel (VBA), .NET, Java and any other language supporting the HTTP protocol

(3) IG supports also a FIXED API (SSL), clients can trade the full IG range of products and orders are filled via the SOR (Smart Order Router) which may link to multiple trading pools and dark pools

(4) FIX DMA: Trade directly into the order books of global stock exchanges

(5) FIX OTC: Trade automatically on IG’s Over The Counter products

 

IG MARKETS MOBILE TRADING

IG MARKETS supports iPhone, Windows, and Android by offering different versions of Phones and Tablets:

iPhone, Windows, and Android for SmartPhones

iPhone, Windows, and Android for Tablets

  IG L2 Dealer IG ProRealTime IG MT4
Basic Information Offers direct market access (DMA) Advanced charting package with powerful monitoring tools and flexible market access

Forex CFD trading and automated trading tools.

Special Use Advanced shares trading Technical-Analysis Traders Advanced Forex trading
Platform Fees Free if traders maintain a minimum £1000 of account balance 30GBP monthly fee (That fee is refunded for active traders) Free
Available Assets CFDs, Shares Spread Betting, CFDs, Shares CFDs, Shares
Markets Shares, DMA forex, OTC forex, OTC shares, OTC indices and OTC commodities All Markets Foreign Exchange
Reuters News Feed Yes No
Trade from charts Yes
Direct market access (DMA) Yes No
Trading Order Types Limits, market orders, tranche (iceberg) orders, fill or kill, execute and eliminate, date, day, good for auction, good till cancel, at the auction, at the open, at the close, at best Market orders, limits, stops, trailing stops, market if touched, one cancels the other, one enables the others Market orders, limits, stops, stop loss, take profit
Automated Trading Yes
Extra Add-ons Currenex, Bloomberg, FIX API No Autochartist, Trading Central

IG NEW ACCOUNT INFORMATION

IG MARKETS Minimum Account:

The minimum deposit in IG MARKETS is 1 USD.

IG MARKETS Main Deposit Methods:

■ Bank Wire Transfer

Credit Cards

■ Debit Cards

IG MARKETS Main Withdrawal Methods:

■ Bank Wire Transfer

■ Credit Cards

■ Debit Cards

 

IG BONUS & REBATES

■ IG offer no Bonuses

■ IG offer $0.75/lot Trading Rebate (CONTACT FOREX-REBATES.COM)

IG CONTACT INFORMATION

IG.com is a trading name of IG Markets Ltd (Registered in the UK, No 04008957)

CFDs and Shares are provided by IG Markets Ltd | Spread Betting is provided by IG Index Ltd.

Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA

IG.com Phone: 0800 409 6789 (24/5 from 8am Sunday to 10.15pm Friday)

IG.com eMail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

IG REVIEW PROS AND CONS (According to competition)

IG MARKETS REVIEW PROS & CONS

IG Markets Review PROS

IG Markets Review CONS

√ One of the largest Asset Index in the Market

√ Tight Trading Spreads and Flexible Account Types covering all trading styles

√ Maximum Safety of Money (FCA regulated plus FTSE-250 member)

√ $1 minimum account

√ Automated Trading and Scalping are allowed

√ $0.75/lot Trading Rebate

√ 4 Desktop Platforms plus separate apps for Smartphones and Tablets

X Electronic Wallets are not supported (only cards and bank wire)

x Not suitable for News-Traders

IG MARKETS Conclusions:

IG is the trading name of IG Markets and it is a leading broker offering over 10,000 financial assets including Forex, shares, indices, metals, energy and soft commodities. The company was originally found in 1974 and it is domiciled in London UK. IG Markets LTD has also offices in Europe, in Africa, in Asia, and in the US. IG is regulated by FCA UK and it is also a listed company in the FTSE-250 index. The broker offers full client account bank segregation. All these factors combined create a trading environment of the top safety of money.

IG offers ECN / DMA Forex trading plus CFDs, Futures and Options contracts trading. For UK residents IG offers also financial spread betting. IG is actually the first financial spread betting company in the world. As concerns trading platforms, IG offers the Level 2 Dealer Platform, the ProRealTime Platform, the MetaTrader 4 and the IG WebTrader. There are also apps for mobile devices, separate for Tablets and iPhones, covering iOs, Android, and Windows Mobile. One of best features offered by IG is the Autochartist software which automatically monitors the global markets and identifies potential trading opportunities. IG offers also API trading capabilities (check above for more details). As concerns trading accounts, the minimum deposit amount for opening a new account is just $1 and accounts may be funded via Bank Wire or Cards. As it is already mentioned IG offer access to 10,000 financial instruments via the Trader’s Account Type but it provides also a separate stockbroking account for clients wishing to trade solely the equity market. The trading leverage is up to 200:1. As concerns the trading cost, IG offers flexible programs adapting to each trader’s needs:

  • Forex spread betting, starts from 0.8 pip
  • Forex CFDs spread, starts from 0.8 pips
  • Forex MT4 spread, starts from 1.2 pips (typical EURUSD 1.5 pips)
  • Forex DMA spread, typical 0.2 pips plus trading commission $10 / lot

IG offers a multilingual 24/5 Customer Support via email and Phone. There is also free education. IG do not provide welcome bonus but it offers instead trading rebates $0.75/lot. In overall IG may be considered one of the top brokerage choices in the world for trading CFDs, Futures, and Options. The main advantages offered by the broker is the safety of money and a great variety of trading options in terms of the wide asset index and the available technology. IG Markets has a very long operational history and only the fact that is a member of FTSE-250 adds extreme levels of security on behalf of every trader.

 

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■ IG.com (IG MARKETS) Review

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