IG Markets Account Types

IG Markets offers a variety of account types tailored to meet the needs of different traders. The primary account types include:

• CFD Account: This is the main account type available to all traders, providing access to over 18,000 instruments including forex, indices, shares, and commodities. It is designed for both beginners and professional clients, offering competitive spreads starting from 0.6 pips and leverage up to 1:500.

• MT4 Account: Specifically for algorithmic and copy traders, this account features fewer assets but includes the popular MetaTrader 4 platform with additional plugins. It is ideal for those looking to utilize automated trading strategies.

• DMA Account: Designed for professional traders, this account allows direct access to liquidity providers with tighter spreads (as low as 0.17 pips) and commissions ranging from $1.00 to $6.00 per 1.0 standard lot.

• Spread Betting Account: Available primarily to UK residents, this account offers tax-free trading on over 18,000 instruments and is recognized for its user-friendly platform.

• Investment Account: Geographically restricted, this account allows investors to manage unleveraged portfolios with access to shares, funds, and investment trusts.

• Demo Account: IG Markets provides unlimited demo accounts, enabling traders to practice trading strategies risk-free with virtual funds.

IG Markets Broker Account Opening Process

Opening an account with IG Markets involves a straightforward five-step process:

• Visit the IG Markets Website: Navigate to the IG Markets homepage and click the “Create Live Account” button.

• Complete the Application Form: Fill out your basic information, including your country of residence, name, desired username, and password. Follow-up questions will cover personal, address, financial details, and trading history.

• Account Verification: After registration, IG Markets will send a confirmation email. You must verify your account by submitting a government-issued ID and proof of residency.

• Account Funding: To finalize your account setup, deposit a minimum of $250 using a credit/debit card or PayPal. There is no minimum deposit for bank wire transfers.

• Start Trading: Once your account is funded, you can begin trading with IG Markets.

Noteworthy: IG Markets accepts clients from most countries, excluding specific regions like Belgium, Canada, and North Korea.