IG Account Type

IG offers two main types of accounts for trading the Dow Jones:

• CFD Trading Account: This account allows you to trade Contracts for Difference (CFDs) on the Dow Jones index, enabling you to speculate on price movements without owning the underlying asset. With a CFD account, you can go long (buy) or short (sell) on the index's price. There are no commission charges, as the costs are included in the spread, although overnight funding fees may apply.

• Share Trading Account: This account is designed for those who wish to invest directly in shares of companies listed on the Dow Jones index. When you buy shares through this account, you own the actual stocks outright and can benefit from dividends. IG offers zero commission on US-listed shares, making it an attractive option for long-term investors.

IG Broker Account Opening Process

To open an account with IG, follow these steps:

• Choose Your Account Type: Decide whether you want a CFD Trading Account, a Share Trading Account, or both.

• Complete the Application: Fill out the online application form with your personal information, including your name, address, date of birth, and employment details.

• Verify Your Identity: Provide identification documents, such as a government-issued ID and proof of address, to comply with regulatory requirements.

• Fund Your Account: Link your bank account and deposit funds. The minimum deposit may vary based on the account type you choose.

• Start Trading: Once your account is funded, you can begin trading on the Dow Jones using your chosen account type.

For more details, you can refer to IG's official website: IG How to Trade.