IG Broker Review 2024: A (Detailed Analysis) of Broker Fees + More

IG Broker Review founded in 1974 and first registered on the London Stock Exchange, it is listed and operates in eight Tier 1 jurisdictions, two Tier 2 jurisdictions and one Tier 4 jurisdiction .They provide various investment offers, platforms, tools, commissions and fees, and professional trading.

IG provides a wide selection of products CFDs of currency pairs, stock indices, stocks, ETFs, commodities, bonds, futures, and Bonds As of the 2023 report, IG broker maintains twice the required regulatory capital and a capital reserve of $498 million.

IG has more than 19,000 trading instruments and IG offers a variety of services, including stock and commodity trading.

Award won by IG

IG broker regulation

The below table covers how the IG broker is regulated and we rate this regulation on a scale of 1 to 3 where 1 means highly trustworthy.

Abbreviation	Entity	Country	Regulator	Trust Rating
FCA	IG Markets Ltd	UK	UK Financial Conduct Authority (FCA)	Tier 1
BaFin	IG Europe GmbH	Germany	German Federal Financial Supervisory Authority (BaFin)	Tier 1
ASIC	IG Pty Ltd	Australia	Australian Securities & Investments Commission (ASIC)	Tier 1
CFTC, NFA	IG US LLC	USA	Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA)	Tier 1
FINMA	IG Bank S.A.	Switzerland	Swiss Financial Market Supervisory Authority (FINMA)	Tier 1
MAS	IG Asia Pte Ltd	Singapore	Monetary Authority of Singapore (MAS)	Tier 2
DFSA	IG Limited	Dubai	Dubai Financial Services Authority (DFSA)	Tier 2
FSCA	IG Markets South Africa Limited	South Africa	Financial Sector Conduct Authority (FSCA)	Tier 2
JSDA	IG Securities Limited	Japan	Japan Securities Dealers Association (JSDA)	Tier 2
BMA	IG International Limited	Bermuda	Bermuda Monetary Authority (BMA)	Tier 3

How to open an IG account

(Such as your passport or driver’s license, and a recent utility bill or bank statement)

(IG’s address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA)

IG broker account types

IG brokers provide traders and investors with access to the financial markets through a variety of account types. Leveraged and Non-leveraged are the two main categories.

Leveraged account

Leveraged accounts have two main types spread betting accounts and CFDs accounts. Spread betting and CFD accounts are more suited for intra-day, daily, and medium-term betting or trading costs.

Spread betting account

Raising and falling markets such as forex indices shares commodities bonds and other asset classes with no capital gains tax on profit

CFDs account

Profit can be balanced against losses as a tax deduction it is similar to a spread betting account

Non-leveraged account

Non-leveraged (investments) accounts have four main categories share dealing account, stocks and share ISA account, IG smart portfolio account, and IG smart ISA portfolio account.

Share dealing account

Share dealing is the buying and selling of Investment trusts, shares, and ETFs. Investing in shares might be better suited for medium-to long-term goals.

Stocks and share ISA account

Invest up to a certain amount for a tax period in shares ETC and ETFs without paying tax on income.

IG smart portfolio account

Invest in the fully managed investment portfolio, expanded that’s suits your risk appetite.

IG smart ISA portfolio account

Investing up to a certain amount for a tax period into an IG smart portfolio is a tax-efficient one.

IG Demo account

IG Markets US has a virtual currency $10,000 demo account with no time limit. Demo trading does not have any real trading experience, so the amount of money is more uncertain. But the period is good for novice traders.

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

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

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 Transfer 1% -Visa Credit Card 0.5% - 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

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

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

For any inquiries about products or services, or need assistance opening an account,

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)

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