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IG International offers a variety of brokerage account types to cater to different trading and investment needs. The primary types of accounts include:
Share Dealing Account: This account allows you to buy and sell stocks, exchange-traded funds (ETFs), and investment trusts. It enables you to own shares outright and reinvest dividends earned from company stocks.
CFD Trading Account: A leveraged trading account that allows you to trade Contracts for Difference (CFDs) on various markets, including shares, forex, commodities, and indices. This account type requires a margin deposit, which is a fraction of the full position size, allowing you to speculate on price movements without owning the underlying assets.
Leveraged Trading: With CFD accounts, you can speculate on rising and falling markets, and profits can be offset against losses for tax deductions in some territories.
Opening an account with IG International is straightforward and can be completed in a few steps:
Decide on Account Type: Determine whether you want to trade or invest. For trading, open a CFD trading account; for investing, choose a share dealing account.
Understand Charges and Risks: Familiarize yourself with the costs associated with trading, such as spreads and commissions on share CFDs. Leverage can magnify profits but also increases risks.
Fill in Application Form: Complete the application form online, providing necessary personal information and indicating your trading knowledge.
Get Verified: Your application will undergo a verification process, which typically takes a few days.
Fund Your Account: Once approved, you can fund your account using a debit card or bank transfer, allowing you to start trading or investing immediately.
By following these steps, you can efficiently set up your trading account with IG International and begin your trading journey.