Recommended for
- forex trading 4.0/5
Trusted broker
Regulated by top-tier financial authorities
Popularity
3,127
people
chose this broker in the last 6 months
BrokerChooser Score
4.6/5
IG review summary
IG is a CFD and forex broker. IG has a well-designed and user-friendly web trading platform that is easy to customize. You will find many useful educational tools on the website. Funding and withdrawing money is easy and there are multiple options. On the other hand, IG’s trading fees are high for stock CFDs. The product portfolio is limited, as in most countries IG offers only CFD and options trading. Customer support could be better. BrokerChooser gave IG a 4.6/5 rating based on analyzing 500+ criteria and testing via opening a live account
Is IG a legit broker?
See how IG is regulated and whether you should have any concerns using it.
IG pros and cons
Pros
Cons
- First-class web trading platform
- Superb educational tools
- Great deposit and withdrawal options
- High stock CFD fees
- Limited product portfolio
- Slow customer support
IG main highlights
🗺️ Country of regulation
UK, EU, Switzerland, USA, Singapore, Japan, South Africa, UAE, Australia, New Zealand
💰 Trading fees class
Average
💰 Inactivity fee charged
Yes
💰 Withdrawal fee amount
$0
💰 Minimum deposit
$0
🕖 Time to open an account
1-3 days
💳 Deposit with bank card
Available
👛 Depositing with electronic wallet
Available
💱 Number of base currencies supported
6
🎮 Demo account provided
Yes
🛍️ Products offered
ETF, Forex, Options, CFD, Stocks in some countries, Robo-advisory in UK, IPOs
Fees
IG has low non-trading fees. Withdrawals are free of charge and the inactivity fee is charged only after 2 years. On the negative side, stock CFD fees are high.
Account opening
IG’s account opening is seamless and fully digital. There is no minimum deposit for bank transfers and a low, $/€300 minimum deposit for credit/debit cards and PayPal. On the other hand, account verification takes around 3 business days, which is slower than at some other brokers.
Deposit and withdrawal
IG offers free and fast deposit and withdrawal options. There are various options for funding your account, including traditional methods such as wire transfer and credit card funding, as well as PayPal.
Web trading platform
IG’s web trading platform is great for both beginners and professional traders. It is easy to use, has all the necessary functions and can be customized.
Mobile trading platform
The IG mobile trading platform is easy to use and has great functionalities.
Desktop trading platform
IG’s in-house developed trading platform has no desktop version.
Markets and products
At IG, most clients can only trade CFDs, forex and options. There are literally thousands of CFDs available to trade. Residents of the UK and some other countries can also trade real stocks. However, other popular assets like mutual funds and bonds are not available.
Research
IG offers user-friendly research tools. Its news flow and charting tools are great. On the other hand, fundamental data is not available.
Customer service
IG provides close to 24/7 customer support and gives relevant answers. However, email and phone can be slow, while the live chat is offline most of the time.
Education
IG offers good educational resources. You can use a demo account, enroll in courses, sign up for webinars and watch educational videos.
Safety
IG is regulated by several financial authorities globally, including top-tier regulators like the FCA in the United Kingdom. IG Group, the parent company of IG, is listed on the London Stock Exchange.
