IG Account Types

　　IG offers a variety of account types designed to accommodate traders and investors with different objectives and risk appetites. The main categories of accounts include:

• Leveraged Accounts:
• Spread Betting Account: Allows you to speculate on price movements of various markets (forex, indices, shares, commodities) without owning the underlying assets. Profits are tax-free in the UK.
• CFD Account: Similar to spread betting but offers a more traditional trading approach. Profits can be offset against losses for tax purposes.
• Non-Leveraged Accounts:
• Share Dealing Account: Enables buying and selling of stocks and ETFs, suitable for medium- to long-term investing. Short positions are not possible.
• ISA Share Dealing Account: A tax-efficient account allowing investments up to £20,000 per tax year, with profits being tax-free.
• IG Smart Portfolio Account: A managed investment portfolio tailored to your risk appetite, focusing on long-term passive investment strategies.
• IG Smart ISA Portfolio Account: Similar to the smart portfolio but with tax efficiencies, allowing investments up to £20,000 per tax year.

　　

IG Broker Account Opening Process

　　Opening an account with IG is straightforward and involves the following steps:

• Visit IG's Website: Go to the official IG website and click on the “Create Account” button.
• Select Account Type: Choose the type of account you wish to open (e.g., leveraged or non-leveraged).
• Complete Application Form: Fill out the form with your personal details, including identity verification documents (passport or national ID) and proof of residence (utility bill or bank statement).
• Account Verification: Submit your application for verification, which typically takes 24 to 48 hours.
• Deposit Funds: Once your account is verified, you can deposit funds using various methods such as bank transfers or credit/debit cards. The minimum deposit varies by account type and region.

　　For more details on the account types and opening process, please refer to the official IG website.