IG Review

IG 2024 Broker Review

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Introduction To IG

IG Group, a pioneer in the world of online trading, was established in 1974. It began as a small project and has since grown into one of the leading forex brokers globally. The company was one of the first to offer online forex trading, revolutionizing the industry by making financial markets more accessible to the retail investor. Over the years, IG has expanded its services and now operates in multiple countries, offering a wide range of trading and investment options to its clients.

IG offers a diverse portfolio that caters to various traders and investors. Their offerings include forex trading, which is their primary focus, along with CFDs on a wide range of underlying assets like stocks, indices, commodities, and cryptocurrencies. They also provide spread betting services (in certain jurisdictions) and have a robust platform that supports various trading strategies and styles. IG is known for its advanced trading tools, comprehensive market research, and educational resources, making it suitable for both beginners and experienced traders.

When it comes to regulation, IG is known for its strong adherence to regulatory standards. The broker is regulated by several top-tier financial authorities globally, which ensures a high level of client fund protection and operational integrity. These regulatory bodies include the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and NFA in the United States. This multi-jurisdictional regulation not only underscores IG’s commitment to compliance and transparency but also provides traders with a sense of security when trading with the broker.

$250

Minimum Deposit

Variable

Spread / Commission

Yes

Free Demo Account

No

Inactivity fee

Pros

Industry Veteran

Highly Regulated in Multiple Tier 1 Regions

Cons

Dealing Desk / Market Maker

Video Review

Coming soon!

IG Quick Facts

Country Headquarters

Chicago, United States

Instruments Offered

Forex, Metal, Stock Indices (Non-US residents)

Base Account Currency

USD, AUD, GBP, EUR, SGD, HKD

Minimum Deposit

$250

Withdrawal Fee

None

Account Verification Time

1-2 days

Deposit Options

Wire Transfer, Card, ACH

Accepts crypto deposit

No

Trading Platforms

MetaTrader 4 & 5, Mobile Platform, and TradingView

Demo Accounts

Yes

VPS Offered

Yes

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Account Opening 5 / 5

IG offers an easy and streamlined process for opening an account. Shortly after you submit the necessary basic verification documents, your account will be operational.

Commissions & Fees 3.5 / 5

While IG does not charge a fee to withdraw your money, their spreads can be quite high on some instruments.

Deposit and withdrawal 3 / 5

IG accept deposits via debit card, wire transfer, or ACH.

Trading Platforms 4 / 5

IG offers the industry standard MetaTrader 4 platform. Additionally, they also offer a web and mobile trader platform.

Customer Support 5 / 5

IG offers customer support through email, live chat, and phone. Their supported languages are English, Spanish, French, German, Italian, Mandarin, Chinese, Dutch, Swedish.

Other 4 / 5

IG also offers:

  • Free demo accounts (no live account required)
  • VPS available
  • Free trading education
  • Market analysis

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4 / 5

ForexBrokerTalk Final Score


IG is a veteran broker in the forex space. They are well regulated in multiple tier one jurisdictions and have shown a track record of reliability. We find them best suited for traders who live in the United States.