IG broker minimum deposit
There is no minimum deposit to open an account with IG. Spreading or small commissions are the primary fee for every trade.
For convenient deposits, they recommend using PayPal an international operator.
| IG | Minimum deposit |
|---|---|
| IG Global | $250 or 300 EUR |
| IG Switzerland | 2,500 CHF |
| IG South Africa | 4,000 ZAR |
| IG Japan | 35,000 JPY |
| IG Australia | 450 AUD |
| IG Singapore | 400 SGD |
IG broker withdrawal and deposit methods
These are the withdrawal and deposit methods of IG
- Wire Transfer
- Debit Card
- Credit Card
- PayPal
- Visa
- MasterCard
Depending on your account’s currency denomination, there may be a minimum starting point for withdrawing funds using debit or credit cards.
By using a debit or credit card method the maximum withdrawal is $25,000 per day, and these transactions may take two to five days.
No limits on bank wire transfers and there are no withdrawal limits applied to bank wires at IG. Transactions time 1-3 business days.
The maximum deposit per day by debit card is £99,999, £30,000 by credit card, or £25,000 via PayPal. PayPal and card transactions have a minimum deposit of £250.
IG broker fees
The below table gives a detailed explanation of fees, commissions, and spreads of IG broker
- Flat platform fee waived for frequent traders
- Discounted trading fees for frequent traders
- A diverse selection of investment options
- Minimal foreign exchange fee of 0.5%
| Trading fees | Amount/Rate |
|---|---|
| Spread (majors) | Starting at 0.8 pips |
| Average spread (EUR/USD, USD/JPY) | 0.9 pips |
| Average spread (GBP/CAD) | 5.4 pips |
| Commission (CFDs) | Applied to market spread |
| Commission (Share-CFDs) | Actual commission per trade |
| Guaranteed stop loss premium (IG U.K.) | 0.3% Applied if triggered |
| Swap fees (tom-next rates) | Charged on overnight positions |
| Currency conversion charges | 0.5% on CFDs and share dealing accounts |
| Inactivity fee | $12/month after 24 months of no trading activity |
| Wire withdrawal fee | $15 |
| Minimum account deposit | 250 units in base currency ($250 for U.S. accounts) |
| Rebates (U.S. Clients) | 5-15% based on monthly trading volume tiers |
| CFD account main session spread | 0.69 pips |
| CFD accounts for low-liquid time spread | 1.03 pips |
| Active trader rebate (Tier 1) | 10% |
| Active trader rebate (Tier 2) | 20% |
| Market access DMA account (forex direct) Spread | 0.62 pips |
| DMA account (forex direct) effective spread | 0.82 pips |
| DMA account (forex direct) commission | $60/million |
| Deposit Fee | £15 – Same-day transfers under £100£0 – Debit Card, PayPal, Bank Transfer1% -Visa Credit Card0.5% – MasterCard Credit Card |
| Extra Services | ProRealTime Charts (£30 per month) |
IG broker commission
| IG | Commissions |
|---|---|
| US | 2 cents per share (Min. US$10) |
| UK | 0.10% (Min. £10) |
| SG | 0.10% (Min. S$10) |
| Euro | 0.10% (Min. €10) |
| CFD Indices | 0.1 Min spread |
IG broker leverage
Using leverage when trading allows you to open positions that pay more than the amount you invest. In the table below you can find the main regulators for IG and the current standard performance limits by CFD type.
| CFDs Leverage limits at IG | |
|---|---|
| Minor currency pairs (e.g. CHF/JPY), gold, and major stock indexes (e.g. S&P500) | 20:01 |
| Major currency pairs (e.g. EURUSD, USDJPY) | 30:01:00 |
| Individual stocks | 05:01 |
| Cryptocurrencies | 2:1, banned in the UK |
| Commodities other than gold and minor stock indexes | 10:01 |
| Aspect | Leveraged trading | Unleveraged trading | |||
|---|---|---|---|---|---|
| Leverage | 20:01 | 50:01 | 100:01 | 200:01 | 01:01 |
| Cost | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
| Coverage | $20,000 | $50,000 | $100,000 | $200,000 | $1,000 |
| Regulatory Body | Max Leverage |
|---|---|
| Swiss Financial Market Supervisory Authority | 1:100 |
| National Futures Association | 1:50 |
| Monetary Authority of Singapore | 1:20 |
| Japan Financial Services Agency | 1:30 |
| Financial Sector Conduct Authority | 1:30 |
| Financial Conduct Authority | 1:30 |
| Federal Financial Supervisory Authority | 1:30 |
| Dubai Financial Services Authority | 1:30 |
| Australian Securities and Investments Commission | 1:30 |
IG assets and instruments
Offering a diverse range of 17,000+ markets globally, IG has established a collection ensuring clients find trading opportunities. In the IG UK broker provides access to futures and options on various instruments, including
- Commodities
- Cryptocurrencies
- ETFs
- Forex
- Indices
- Industry sectors
- Interest rates
- Options
- Shares
IG broker USA focuses on spot forex trading with over 80 currency pairs, categorized into
- Australasian
- Emerging Marketsx
- Exotic
- Majors
- Minors, and
- Scandinavian
IG Broker UK offers professional and institutional services beyond the industry norms. Regardless of account levels, investors can choose for long-term investment through IG Smart Portfolios, an account basket about savings, retirement programs, and low-fee ETFs.
IG Forex broker review
- IG us forex broker is primarily focused on CFDs and forex products and offers 80 currency pairs from major to minor and even exotic pairs, 24 hours a day
- IG forex broker fees are built into a spread EUR /USD 0.6 no separate commissions are charged.
- IG forex broker minimum is a $/€300 minimum deposit for credit/debit cards and PayPal and there is no minimum deposit for bank transfers
- IG forex broker leverage US is 1:50 for a few currency pairs, but most frequently 1:30 and 1:20 are used.
- Forex broker IG Trading hours are Monday 0.00 to Friday 24.00
IG stock broker review
IG stock broker UK can also trade stocks and it provides access to 8 exchanges and 2,000 stocks.
With just one position, you can trade a wide range of indices, sectors, currencies, commodities, and stock baskets by using exchange-traded funds (ETFs), which offer over 3400 ETF markets
More than 13,000 foreign shares are traded, including well-known companies like Apple and Meta
Spreads as low as 1 point is available for more than 80 global indices
27 major commodities exchanges, with gold, oil, silver, natural gas, and sugar traded at actual market prices without expiration dates
IG broker platform
- IG’s web-based trading platform
- iOS and Android Apps
- ProRealTime (premium trading platform)
- MetaTrader 4 (MT4)
IG’s web-based trading platform
Charts within the IG platform are a browser-based solution that does not require downloads. It includes tools like tops, limits, tear-off charts, and price alerts for profit protection and risk management.
It has additional features like smart settings for effective trading and one-click dealing. It provides live news feeds from Twitter and Reuters to stay informed about market developments.
Mobile apps
Traders have access to IG’s biggest collection of over 17,000 markets and a healthy group of useful features that include.
- Technical indicators
- Smart settings – you can save the last stake size and stop distance
- Risk management tools
- Real-time market data
- Price alerts
- Economic calendar
- Customizable charts
ProRealTime (premium trading platform)
ProRealTime is online trading charting software for technical analysis and trading integrated with the IG trading account platform. Designed for advanced traders using advanced technical analysis, it offers users a fully customizable interface and trading experience.
- ProRealTrend- trend lines with automatic software that updates in five minutes
- Simple Order Placement: Using a tailored and streamlined interface, place orders straight from your charts.
- ProScreener – Set custom criteria to notify market movements
- Custom Indicators – ProBuilder language is used to create and use your indicator
Traders must place a minimum of four trades per month for free access to ProRealTime. Otherwise, a $40 monthly fee applies.
MetaTrader 4 (MT4)
- Spread trading on more than 50 FX pairings with a minimum of 0.8 pip
- Get 24/7 access to MT4 platform specialists across the globe
- Trades on MT4 mobile whenever and wherever possible, never missing an opportunity
- 18 free, customizable add-ons and indicators
- Low spreads on popular pairs like EUR/USD with quick trade execution speed
- IG Broker MT4 offers optimal circumstances for algorithms to run efficiently
IG broker customer service
Customer support for Existing Clients
- Speak with experts 24/5 Monday to Friday
- Phone: +44 (20) 7633 5431
- Head Office: IG Cannon Bridge House 25 Dowgate Hill London EC4R 2YA
For any inquiries about products or services, or need assistance opening an account,
- Phone +44 (20) 7633 5430
- Email – sales.en@ig.com
- 24/7, except for Saturdays from 6 to 4 (UTC+8)
Conclusion
IG online broker is the best choice for retail forex and CFD traders looking for a trusted broker with excellent tools and access to a variety of global markets (over 19,500 tradable assets). In 2024, IG was rated best in class across various categories, including offering investments, commissions and fees, platforms and tools, etc.
With top rankings in mobile trading apps, education, and overall, IG stands out as a premier option. For both small traders and professionals, IG offers competitive spreads and thousands of trading instruments and it is also regulated by NFA, CFTC, and FCA.
IG US provides low trading costs, a broad range of currency pairs, and advanced tools, making it a strong choice for US traders entering the spot forex market. IG’s credibility and commitment are underscored by its regulatory compliance and financial stability because of lacking negative balance protection in the U.S.
Pro Tip
When considering IG online broker for your trading needs, it’s crucial to delve into their global market capabilities. Engaging with a trusted forex broker like IG can significantly enhance your trading experience.With a comprehensive range of offerings including CFDs, FX, stocks, and cryptocurrencies, staying informed about market trends and opportunities is key. This strategic approach empowers you to make well-informed investment decisions, fully leveraging the capabilities and resources offered by IG for successful trading endeavors.
Frequently Asked Questions
1. Is my money safe with IG?
Yes, IG is a long-standing broker with almost 50 years of experience in the market and one of the largest brokers in the world.
IG is authorized and regulated by the Financial Conduct Authority FCA and customer accounts and investments are fully protected under the Financial Services Charges Scheme (FSCS) up to £85,000 per person. Customers’ money is guaranteed if IG fails.
2. Is IG broker regulated?
Yes, IG broker is regulated by the FCA, ASIC, BaFin, FINMA, MAS, DFSA and JSDA
3. What type of broker is IG?
CFD and forex broker
4. Is IG a good forex broker?
Yes, a trusted multi-asset broker, IG is publicly traded and regulated across the globe.
5. Where is the IG broker located?
IG broker is located in London
Head office: IG
Cannon Bridge House
25 Dowgate Hill
London EC4R 2YA
6. What is the minimum deposit for an IG broker?
IG has no minimum deposit for bank transfers but has a $300 minimum deposit for credit/debit cards and PayPal.
7. Who owns IG markets?
IG Markets Limited is a wholly owned subsidiary of its parent company, IG Group Holdings plc listed on the LSE in the United Kingdom. IG Group Holdings plc and all its subsidiaries are referred to as the Group.
8. Can I buy shares with IG?
Yes, IG clients have access to real stocks, which means they can buy and sell shares from this online broker.
9. How do I buy on IG trading?
- Create an account or log in.
- Choose what you want to trade spread bets or CFDs.
- Pick a company from within our trading platform.
- Calculate whether you want to go long or short and take steps to manage your risk.
- Open and monitor your position.
10. Can Americans use IG trading?
IG accepts US clients for forex and it is registered with the CFTC (U.S.), NFA (U.S.), and FCA (U.K.)
11. Is IG trading safe for beginners?
User-friendly platforms and strong educational materials make IG a suitable choice for beginners. Meanwhile, it can accommodate experienced clients with an impressive range of systematic resources and rebates for high-volume traders.
12. Does IG charge a monthly fee?
| Service | Description | Cost |
|---|---|---|
| Live Price Data Feeds | Monthly fee for access to live share prices from an exchange, applicable for trading share CFDs or via a share dealing account. | Variable |
| ProRealTime Charts | Subscription to advanced charts provided by ProRealTime | £30/month (Refund possible with 4 or more trades, conditions apply) |
