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IG Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.ig.com/e..., the company's legitimate regulatory information AustraliaASICMarket Maker (MM), United KingdomFCAMarket Maker (MM), JapanFSARetail Forex License, GermanyBaFinRetail Forex License, New ZealandFMAStraight Through Processing (STP), SingaporeMASRetail Forex License, United Arab EmiratesDFSARetail Forex License, South AfricaFSCAFinancial Service Corporate, United KingdomFCAInvestment Advisory License to enhance the security of the company's address Cannon Bridge House 25 Dowgate Hill London EC4R 2YA

IG Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

Abbreviation

Company employee

Customer Service Email Address

helpdesk.en@ig.com

Contact Number

+442076335431

Company Website

https://www.ig.com/en

Company address

Cannon Bridge House 25 Dowgate Hill London EC4R 2YA

Facebook

https://www.facebook.com/IGInternational2/

Keywords

Above 20 years

Regulated in Australia

Regulated in United Kingdom

Regulated in Japan

Regulated in Germany

Regulated in New Zealand

Regulated in Singapore

Regulated in United Arab Emirates

Regulated in South Africa

Market Maker (MM)

Retail Forex License

Straight Through Processing (STP)

Financial Service Corporate

Investment Advisory License

MT4 Full License

MT5 Full License

Self-developed

Global Business

Suspicious Overrun

High potential risk

Company profile

Quick IG Review SummaryFounded in1974Registered inUnited KingdomRegulationASIC, FCA, FSA, FMA, MAS, DFSAMarket instruments17,000+, forex, indices, shares, commodities, cryptocurrenciesDemo Account✅($20,000 virtual funds)Min Deposit$0LeverageUp to 1:400EUR/USD SpreadFrom 0.6 pipsTrading platformL2 dealer, ProRealTime, MT4, TradingViewCopy Trading✅Payment MethodCredit/debit cards, bank transferCustomer Service24 hours a day, except 6 am - 4pm on Saturday (UTC+8) - live chatRegional RestrictionsUSAGeneral Information IG is a UK-registered company and regulated by multiple international financial bodies, including the ASIC, FCA, FSA, FMA, MAS, and DFSA. It offers access to a 17,000+ markets, including forex, indices, shares, commodities, and cryptocurrencies. The company provides multiple trading platforms, including L2 dealer, ProRealTime, MT4, and TradingView.What Type of Broker Is IG? IG is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, IG acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that IG has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with IG or any other MM broker.Pros and Cons of IG Pros:Wide variety of markets and instrument optionsIntuitive and customizable trading platformsAccess to advanced technical analysis and charting toolsMultilingual, multi-channel customer serviceDemo account with virtual financing of $20,000No minimum deposit requirement for real accountsLeverage up to 1:400 Cons:Fees and costs may not be clearly specifiedWithdrawal of funds is not clearly specifiedThe minimum transaction amount is high for some marketsCredit card deposit fees are high compared to other brokersIs IG Legit? Yes. IG is currently regulated by multiple regulatory authorities, including ASIC (Australia), FCA (UK), FSA (Japan), FMA (New Zealand), MAS (Singapore), and DFSA (UAE).Regulated CountryRegulatorRegulated EntityLicense TypeLicense No.Australia Securities & Investment Commission (ASIC)IG AUSTRALIA PTY LTDMarket Making (MM)515106Financial Conduct Authority (FCA)IG MARKETS LIMITEDMarket Making (MM)195355Financial Services Agency (FSA)ＩＧ証券株式会社Retail Forex License関東財務局長（金商）第255号Financial Markets Authority (FMA)IG AUSTRALIA PTY LTDStraight Through Processing (STP)684191Monetary Authority of Singapore (MAS)IG ASIA PTE LTDRetail Forex LicenseUnreleasedDubai Financial Services Authority (DFSA)United Arab EmiratesRetail Forex LicenseF001780Market Instruments IG offers access to 17,000+ markets, covering forex, indices, shares, commodities, and cryptocurrencies.Tradable Instruments Supported Forex✔Shares✔Indices✔Commodities✔Thematic and basket✔Options✔Futures✔Spot✔Cryptocurrencies✔Bonds❌ETFs❌Mutual Funds❌Account Type IG offers a single live account withno minimum deposit required. Aside from live accounts, demo accounts are also available. IG's demo account is a very useful tool for beginner traders, as it allows them to trade in a safe and risk-free environment. With IG's virtual funding of $20,000, traders can practice and hone their trading skills without risking their capital. In addition, the IG demo account provides access to the trading platform and all the instruments and tools available in the live account, allowing traders to familiarize themselves with the platform and test different trading strategies.Leverage As for the maximum leverage dimension at IG, the company offers a maximum leverage of up to 1:400. This means that traders can open positions that are 400 times larger than their available capital. Leverage can be a powerful tool for experienced traders, as it allows them to earn higher profits with limited capital. However, it can also significantly increase the risk of loss and it is important that traders fully understand the risks and limitations of leverage before using it.Spread and Commission In terms of costs, IG offers competitive, with EUR/USD spread starting from 0.6 pips. However, there is not much information available on commissions, which may create uncertainty for some traders. In addition, it is important to note that costs may be higher in less liquid markets or with lower trading volume.Trading Platform IG offers various trading platforms to meet the needs of different types of traders. The web-based platform is intuitive and easy to use, although it may be less customizable than other platforms. They also offer MetaTrader 4, a popular and well-known platform in the forex industry. For experienced traders, L2 Dealer offers a wide range of advanced tools and functionalities. However, this platform can be more complicated for beginner traders. Mobile apps are available for iOS and Android, allowing traders to trade on the go.Deposit and Withdrawal The minimum deposit for card payment is $50, and no minimum deposit required for Bank Transfer. Deposit options including immediate credit/debit card transactions upon card registration, with up to five cards permissible per account. For Hong Kong clients, cost-free FPS transfers in HKD are available and usually clear within one business day. Bank transfers are also supported. Always include your account ID as a reference to ensure prompt and accurate allocation of funds. However, fees of 1% are charged on Visa deposits and 0.5% on Mastercard deposits. Unfortunately, there is no detailed information on withdrawal of funds, which may be a drawback for some customers. IG Markets enables convenient funding through its mobile app, accessible under the 'add funds' section for both iPhone and Android users. Additionally, transfers can be made via Wise (formerly TransferWise), though users should check for any associated fees as IG Markets is not affiliated with Wise. For Wise transfers, proof of transaction and account details may be required.Conclusion In conclusion, IG is a well-established and regulated trading platform that offers a wide variety of financial instruments, an intuitive web platform and access to MetaTrader 4 and L2 Dealer. Although its demo account offers generous virtual funding, information on live accounts is limited. Multilingual customer service is available through multiple channels. However, there is very limited information on deposit and withdrawal.Frequently Asked Questions (FAQs) What is the minimum deposit required to open an account with IG? No minimum deposit requirement. What deposit methods are accepted on IG? IG accepts deposits through credit/debit cards and bank transfers. What is the maximum leverage offered by IG? 1:400. What trading platforms does IG offer? IG offers L2 dealer, ProRealTime, MT4, and TradingView.Risk Warning Trading online carries inherent risks, including the potential loss of invested capital. It may not be suitable for all traders or investors. It's essential to understand and acknowledge these risks before engaging in online trading.

IG broker review

Is IG safe or scam

Rating Index

Pros/Cons

Accounts

Pros

Wide range of products and services available, including forex, CFDs, and commodities.

Strong emphasis on research and education, providing valuable resources for traders of all levels.

Well-regulated by reputable authorities such as the FCA and CFTC, ensuring a level of trust and security for clients.

Cons

U.S. clients do not have account protection or negative balance protection, which may expose them to higher risks.

No guaranteed stop-loss orders available for U.S. clients, limiting risk management options.

High fees associated with share CFDs, which may deter some traders from using the platform for equity trading.

How to login to IG?

IG Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a IG Account Registering for an IG account is the first step towards accessing a wide range of trading opportunities. Follow these steps to complete the IG registratio

IG Forex Broker - Complete Information Guide

1. Broker Overview

IG Group Holdings plc, commonly referred to as IG, was founded in 1974 by Stuart Wheeler as the worlds first spread betting firm. The company is headquartered in London, UK, and operates in 19 countries with a significant presence across Europe, Asia, and the Americas. IG is a publicly traded company, listed on the London Stock Exchange under the ticker symbol IGG, and boasts a market capitalization of approximately £3.5 billion.

Throughout its history, IG has established itself as a leading global brokerage, initially gaining recognition for introducing spread betting to retail investors. Over the years, the company has expanded its offerings to include contracts for difference (CFDs), forex trading, and various financial instruments, catering to both retail and institutional clients. With over 360,000 active users, IG provides a comprehensive trading experience supported by advanced trading platforms and a diverse range of financial products.

As a pioneer in the online trading space, IG has achieved significant milestones, including the acquisition of Tastytrade in 2021, which enabled the company to broaden its service offerings in the U.S. market. Today, IG operates as a multi-asset broker, providing access to forex, stocks, ETFs, commodities, and cryptocurrencies through its innovative trading platforms.

2. Regulation and Compliance Information

IG is regulated by several top-tier authorities, ensuring a high level of security and trust for its clients. The primary regulators overseeing IG include:

Financial Conduct Authority (FCA), UK - Registration No. 195355
Australian Securities and Investments Commission (ASIC) - Registration No. 220440
German Federal Financial Supervisory Authority (BaFin) - Registration No. 148759
Swiss Financial Market Supervisory Authority (FINMA)
Monetary Authority of Singapore (MAS)
Commodity Futures Trading Commission (CFTC), USA - Registration No. 0509630
Financial Sector Conduct Authority (FSCA), South Africa

IG's regulatory licenses cover a wide range of services, including forex trading, spread betting, and CFDs. The company adheres to strict guidelines to protect client funds, including the requirement to maintain client money in segregated accounts. This means that client funds are kept separate from the companys operational funds, providing an added layer of security.

Additionally, IG participates in investor compensation schemes such as the Financial Services Compensation Scheme (FSCS) in the UK, which protects client funds up to £85,000 in the event of the broker's insolvency. To ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations, IG implements robust verification processes for all clients.

3. Trading Products and Services

IG offers a vast array of trading products, providing access to over 17,000 markets globally. The broker specializes in:

Forex Trading: IG provides access to 97 forex pairs, including major, minor, and exotic currency pairs.
CFDs: The platform offers CFDs on various asset classes, including:
Indices: Major global indices such as the FTSE 100, S&P 500, and DAX 30.
Commodities: A wide range of commodities, including gold, silver, oil, and agricultural products.
Stocks: Over 13,000 shares from various international exchanges.
Cryptocurrencies: CFDs on popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

IG continuously updates its product offerings, adding new instruments to meet the evolving needs of traders. The broker provides both retail and institutional trading services, with a focus on delivering a user-friendly experience and comprehensive market access.

4. Trading Platforms and Technology

IG offers a variety of trading platforms tailored to different trader needs. The primary platforms include:

IG Web Platform: An intuitive, customizable web-based trading platform that requires no downloads. It features advanced charting tools, real-time pricing, and a comprehensive suite of trading tools.
MetaTrader 4 (MT4): A widely used platform among forex traders, offering support for automated trading strategies and extensive technical analysis capabilities. However, MetaTrader 5 (MT5) is not currently available.
ProRealTime: An advanced charting software that offers sophisticated technical analysis tools and automated trading features.
L2 Dealer: A direct market access (DMA) platform designed for professional traders, providing access to order books and advanced order types.

IGs mobile trading app is available for both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. The app includes features such as advanced charting, price alerts, and market news.

5. Account Types and Trading Conditions

IG provides several account types to cater to various trading styles and preferences:

Standard Account: Requires a minimum deposit of $250 and offers competitive spreads starting from 0.6 pips on major forex pairs. There are no commissions on most trades.
Professional Account: Designed for experienced traders, this account type offers higher leverage and lower margin requirements.
Islamic Account: Available for clients in certain regions, this account complies with Islamic finance principles.
Demo Account: IG offers a free demo account, allowing users to practice trading with virtual funds in a risk-free environment.

The leverage offered by IG varies by asset class, with a maximum of 1:30 for retail clients in the UK and EU. The broker also charges overnight financing costs for positions held overnight, which vary depending on the asset class.

6. Funds Management

IG supports a variety of deposit and withdrawal methods, making it easy for clients to manage their funds. Accepted methods include:

Bank Transfers: Typically processed within 1-3 business days.
Credit/Debit Cards: Instant deposits available.
E-Wallets: Including PayPal and Skrill.

There are no fees for deposits or withdrawals, making it a cost-effective choice for traders. The minimum deposit requirement varies by account type, with a standard minimum of $250 for card payments. Withdrawals can be processed via bank transfer, credit/debit card, and e-wallets, with typical processing times of 2-5 business days.

7. Customer Support and Educational Resources

IG places a strong emphasis on customer support, offering multiple channels for assistance:

Live Chat: Available during trading hours for immediate support.
Phone Support: Accessible 24/5, providing quick responses to inquiries.
Email Support: For less urgent questions, with prompt response times.

The broker supports multiple languages, ensuring that clients from diverse backgrounds can receive assistance. IG also boasts a comprehensive educational program through the IG Academy, which offers free online courses, webinars, and tutorials designed for traders of all skill levels. Additionally, IG provides market analysis services, including daily updates and research reports.

8. Regional Coverage and Restrictions

IG operates in a wide range of markets, providing services to clients in various regions. The broker has offices in major financial hubs, including London, Sydney, Tokyo, and Singapore. However, IG does not accept clients from certain countries, including the United States (except through its Tastytrade subsidiary), Canada, Japan, and several others due to regulatory restrictions.

In summary, IG is a highly reputable broker that offers a comprehensive suite of trading products and services, backed by robust regulatory oversight and a commitment to client security. With its extensive range of educational resources and advanced trading platforms, IG is well-suited for both novice and experienced traders looking to navigate the financial markets confidently.

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