IG Group Holdings plc Account Type

IG Group Holdings plc offers a diverse range of account types tailored to meet the needs of various traders, whether they are beginners or experienced professionals. The primary account categories include:

• Leveraged Accounts:
• CFD Account: Allows traders to speculate on price movements without owning the underlying assets. Profits can be offset against losses for tax purposes. No minimum deposit is required.
• Spread Betting Account: Similar to CFD trading but allows for tax-free profits in the UK. Traders can go long or short on asset prices without owning them.
• Non-Leveraged Accounts:
• Share Dealing Account: Enables investors to buy and hold shares, ETFs, and investment trusts, suitable for long-term investment strategies.
• Stocks and Shares ISA Account: A tax-efficient way to invest in shares and ETFs up to a certain limit per tax year.
• IG Smart Portfolio Account: A managed investment option that diversifies across various assets based on the investor's risk appetite.
• Demo Account: Provides a risk-free environment with virtual funds to practice trading strategies.

IG Group Broker Account Opening Process

Opening an account with IG Group is a straightforward process that typically takes 1-3 days. Heres a step-by-step guide:

• Visit the IG Group Website: Go to the official site and click on the “Create Account” button.

• Choose Account Type: Select the appropriate account type based on your trading goals and preferences (e.g., CFD, Spread Betting, Share Dealing).

• Complete the Application Form: Fill in personal details, including name, email, and contact information. Provide identity verification documents such as a passport or national ID and proof of address (e.g., utility bill).

• Identity Verification: Upload documents for verification. This process usually takes 24 to 48 hours.

• Deposit Funds: Once verified, fund your account using various methods such as bank transfers or debit cards. There is no minimum deposit for a CFD account.

• Start Trading: After funding your account, you can begin trading across over 17,000 global markets.

For more information and support during the account opening process, IG Group offers customer service via phone and email.