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Rating Index

Pros

IG offers a wide range of tradable assets, including over 17,000 markets across various asset classes such as forex, stocks, commodities, and cryptocurrencies.

The platform provides extensive educational resources through the IG Academy, catering to traders of all experience levels with courses, webinars, and articles.

IG’s trading platforms, including its mobile app and web-based platform, are highly regarded for their user-friendly design and advanced features, making trading accessible and efficient.

Cons

IG's fee structure can be complex, with various fees for different types of trades or services, which may confuse beginners.

The inactivity fee of $12 per month after two years of no trading activity could deter casual investors who do not trade frequently.

While IG offers competitive spreads, they may not be the lowest in the market, trailing behind some competitors like CMC Markets.

IG Group Holdings plc broker Accounts

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.