IG MARKETS REVIEW 2022 - PROS AND CONS REVEALED

IG Markets Review

IG Markets was established in 1974 in UK. The company is the biggest CFD provider in the world.  The company offers over 16 000 trading instruments to move to more than 178 500 clients through the multi-platform environment.

Regulations:

IG markets has ten regulations with which they cover the whole world. In the UK the company is authorized by FCA, in Germany by BaFin and Deutsche Bundesbank, in Australia by ASIC, in Switzerland by FINMA, in South Africa by FSCA, in Singapore by MAS, in New Zealand by FMA, in Dubai by DSFA, in Japan by JFSA, METI, MAFF and in USA by CFTC.

Accounts:

IG markets offers option, spread betting, and Forex and CFD account. All types of accounts is with negative balance protections for retail clients. Option contracts giving you the right, but not the obligation, to buy or sell an underlying asset at a predefined price and date. If you prefer to trade options, IG option account will give you a good amount of different options at a reasonable price. Spread betting account allow UK citizens to without paying taxes at their profits. The Forex and CFD account allows you to trade a big number of trading instruments with tight spread.

Traded instruments:

IG markets offer more than 16,000 markets, some of the available 24/7. The company allows you to trade 16 world indices 24 hours a day. They offer a total of more than 30 indices including niche markets like Greece 25. IG markets offers over 7500 single stock shares, the top cryptocurrencies, and different type of commodities like oil, aluminum, and copper. IG markets gives also possibilities to trade ICOs, Bonds, ETFs, Interest rates and sector indices.

Notes in [square brackets] are detailed in the Notes tab.

Forex

InstrumentMinimum spreadAverage spreadGuaranteed
stop premium
EURCHF22.17n/a
EURGBP0.91.332
EURJPY1.51.611.5
EURUSD0.60.701.2
GBPEUR22.172
GBPJPY2.52.702
GBPUSD0.91.522
USDCAD1.31.521.5
USDCHF1.51.672
USDJPY0.70.791.5
CADCHF2.52.862
CADJPY22.681.5
CHFJPY22.323
EURCAD2.53.633
GBPCAD34.794
GBPCHF33.874

Indices

IndexBarriersSBCFDsMT4
FT1000.8111
Wall street1.41.61.61.6
Germany 300.8111
Australia 2000.8111

Cryptocurrencies

MarketMinimum spread Guaranteed stop premium Retail margin required
Crypto 10 Index [7]251550%
Bitcoin383050%
Ether1.4550%
Ripple0.4250%
Bitcoin Cash1.8250%
Litecoin0.5250%
EOS3.5250%
Stellar0.150.550%
NEO60.10.550%
Ether/Bitcoin3350%
Bitcoin Cash/Bitcoin61050%

Platforms:

The clients of IG markets could trade through their web trading platform or through the most used trading platform Meta Trader 4. The company offers desktop, mobile (both android and iOS) and web versions. For the advanced traders, IG markets offers API trading.

Igplatform

The trading platform is working but we didn't manage to show chats and chart data.

Metatrader 4

Metatrader 4 platform is one of the most popular platforms because of its wide range of features. As a start, you can do anything you can do with a normal trading platform, things like one-click trading, MarketWatch order management, charts, and technical indicators. But this is only a start, it offers the ability to develop your own indicators or expert advisors. You can download expert advisors and indicators from the big MQL community. It also provides social trading via the integrated signals, where you can invest in another trader, or you can create your own signal and get money from investors. There is also an integrated VPS functionality in the platform, where for a small amount of money you can make your platform running 24/7 on a server.

Conclusion:

IG Markets is one of the biggest brokers in the world. It offers its services through ten different jurisdictions. The company offers one of the biggest variety of trading instruments. Their clients could you two platform including algorithmic trading. The biggest disadvantage of the broker is the missing social trading tools.

Author

Miroslav Georgiev

Miroslav Georgiev is Senior Risk Executive with 20+ years of professional wide-ranging experience in multinational forex companies. Take part in Global setup and development of Forex and CFD being an active part of the Business Team. Build and manage Risk management departments and teams.

Contact

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