IG broker Accounts

IG Account Types

IG offers a variety of account types designed to cater to different trading needs. Here’s a summary of the main account types available:

1. Standard Account:

• Aimed at retail traders seeking a straightforward trading experience.
• Access to a broad range of markets including forex, indices, and commodities.
• Competitive spreads and no hidden fees.

2. VIP Account:

• Designed for high-volume traders.
• Offers enhanced features and personalized support.
• Lower trading costs and exclusive events.

3. Demo Account:

• Allows users to practice trading without financial risk.
• Provides virtual funds to trade in a simulated environment, mimicking real market conditions.

4. CFD Account:

• Primary account type for trading CFDs with access to over 18,000 instruments.
• Allows for leveraged trading, meaning you can open a position with a small deposit (margin).

5. Spread Betting Account:

• Offers tax-free trading, primarily for UK residents.
• Allows speculation on price movements without owning the underlying assets.

6. Share Dealing Account:

• For buying and selling shares and ETFs with an intention for long-term investment.
• Does not allow short positions.

7. Smart Portfolios:

• Managed and diversified portfolios tailored to your risk appetite.
• Available as flexible ISA accounts.

8. ISA Account:

• Tax-efficient investment account allowing contributions up to £20,000 for the tax year.

9. SIPP Account:

• Self-Invested Personal Pension account for retirement planning.

For specific needs, IG also offers corporate accounts and accounts for institutional clients.

IG Broker Account Opening Process

Opening an account with IG is a straightforward process that involves several key steps:

1. Visit IG's Website:

• Navigate to the official IG website and click on the “Create Account” button.

2. Select Account Type:

• Choose the type of account you wish to open based on your trading goals.

3. Complete the Application Form:

• Fill in your personal details, including name, email, and contact information.

4. Verify Your Identity:

• Upload identity documents such as a passport or driver's license, and proof of address (e.g., utility bill).

5. Fund Your Account:

• Once verified, deposit funds using various methods (e.g., bank transfer, credit/debit card). The minimum deposit varies depending on the account type, generally starting from £250.

6. Start Trading:

• After funding your account, you can begin trading on IG’s platforms.