IG Account Type

IG offers several types of accounts tailored to different trading needs. The main account types include:

• Standard Account: This account is suitable for most traders, providing access to a wide range of financial instruments including forex, shares, indices, and commodities. It features competitive spreads, typically starting from 1.2 pips for oil trading.
• Limited Risk Account: Designed for risk-averse traders, this account offers guaranteed stop-loss orders, which help to limit potential losses. It is ideal for those who prefer a more controlled trading environment.
• Islamic Account: This account complies with Sharia law, allowing Muslim traders to participate in trading without incurring interest charges. It is available for those who require a swap-free trading option.
• Demo Account: A practice account that allows traders to test their strategies without risking real money. It provides access to the full range of IG's trading platforms and tools.

IG Broker Account Opening Process

Opening an account with IG is a straightforward process, which involves the following steps:

• Visit the IG Website: Go to the official IG website and click on the "Open Account" button.
• Complete the Registration Form: Fill in your personal details, including your name, email address, and phone number.
• Verify Your Identity: You will need to provide identification documents, such as a passport or driver's license, and proof of address (e.g., a utility bill).
• Choose Your Account Type: Select the type of account you wish to open (Standard, Limited Risk, Islamic, or Demo).
• Fund Your Account: Deposit funds into your trading account. The minimum deposit requirement is typically $250 for a Standard Account.
• Start Trading: Once your account is verified and funded, you can access the trading platform and begin trading oil and other instruments.