IG Review

IG Forex Broker

IG is an online trading platform established in 1974 as the world’s first financial spread betting firm. It provides fast and flexible access to over 10,000 financial markets including shares, indices, forex, commodities and binaries. The company is a member of the FTSE 250 and a leading name in the world of online financial trading.

Account Types

There are only 2 types of trading accounts at IG; a standard ‘Limited Risk’ account for ordinary traders and a premium ‘Trader’ account or high net worth traders.

The standard account has a minimum trade of $1 and the maximum per option is $300. The premium account, on the other hand, is targeted toward experienced and professional traders and requires the trader to meet the standards as specified by the MiFID regulations.

In addition to the above mentioned, IG also offers an execution only stockbroking account for traders who wants to solely trade in the equity market.

Trading Platforms

IG has divided their trading platforms into 2 categories, the core platforms and the specialist platforms.

  • Core Platforms

The core platforms consist of IG’s award winning web based flagship trading platform, mobile apps designed for smartphone users and tablet apps for iPad and Windows users. These core platforms were designed with mobility for traders who are always on the move.

  • Specialist Platforms

IG’s specialist platforms on the other hand are developed for the experienced traders as well as those who want to trade professionally. These specialist platforms comprises of: Level 2 Dealer Platform which provide direct market access for IG traders, ProRealTime Platform that offers an advanced charting package and other monitoring tools, and the MetaTrader4 which is considered as the standard for CFDs and spot forex trading.

Deposits and Withdrawals

Credit and debit cards or banking wire transfers are the primary deposit methods. There are also other payment options, but there may be additional charges, depending on the third-party provider. Withdrawal requests will be handled in a prompt fashion, but only if internationally mandated personal ID documents are on file and in order.

Customer Support

IG is equipped with an extensive help and support page which lists a wide range of help topics as well as questions and answers. Their customer support service is available 24/5 by Chat, email and telephone. They are also be accessed on Facebook and Twitter.

FAQs

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