{"id":506130,"date":"2021-12-21T10:21:51","date_gmt":"2021-12-21T10:21:51","guid":{"rendered":"https:\/\/www.publicfinanceinternational.org\/?p=506130"},"modified":"2023-01-09T10:47:55","modified_gmt":"2023-01-09T10:47:55","slug":"ig-review","status":"publish","type":"post","link":"https:\/\/www.publicfinanceinternational.org\/ig-review\/","title":{"rendered":"IG Review"},"content":{"rendered":"
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\"IG<\/figure>\n\n<\/div><\/div><\/div>\n\n
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IG was launched in 1974 and it\u2019s now a worldwide leader in the trading industry as a pioneer in CFDs and spread betting. IG is a public company located in London that is on the FTSE 250 index of the London Stock Exchange (LON: IGG). IG has 1921 employees and a market valuation of \u00a32.8 billion, according to its annual report for the financial year ending, 2020. It serves roughly 239,600 clients globally through its regulated firms in the UK and elsewhere. <\/p>\n\n<\/div><\/div><\/div>\n<\/div>\n<\/div><\/div>\n\n\n

But is it a suitable broker for you? In this article, we\u2019re going to give an in-depth answer to this question with an honest review of IG.<\/p>\n\n\n\n

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Summary<\/h2>\n\n\n\n

IG Group is a publicly traded company and regulated in 6 tier-1 jurisdictions, it\u2019s a low-risk FX and CFDs broker<\/a>. IG is undoubtedly one of the most trustworthy forex and CFDs brokers in the industry. It excels when it comes to the quantity of offerings, trading experience (both web-based and mobile trading), research, education. So, overall, it is a great broker to trade with. However, if you\u2019re a US-based client, you may not find it as suitable for you since IG doesn\u2019t provide you with the same advantages it provides other clients with.<\/p>\n<\/div><\/section>\n\n\n\n

Overview<\/h2>\n\n\n
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Broker<\/th>IG Group<\/td>\n<\/tr>\n
Founded<\/th>1974<\/td>\n<\/tr>\n
Headquarters<\/th>London, United Kingdom<\/td>\n<\/tr>\n
Minimum Deposit<\/th>$250<\/td>\n<\/tr>\n
Fees<\/th>Varies (low)<\/td>\n<\/tr>\n
Inactivity Fees<\/th>$18 per month if the account is inactive for 24 consecutive months<\/td>\n<\/tr>\n
Tradable Assets<\/th>19537<\/td>\n<\/tr>\n
Forex Trading<\/th>Yes<\/td>\n<\/tr>\n
Forex Pairs<\/th>100<\/td>\n<\/tr>\n
Cryptocurrency (Spot)<\/th>No<\/td>\n<\/tr>\n
Copy Trading\/Social Trading<\/th>Yes<\/td>\n<\/tr>\n
CFD Trading<\/th>Yes<\/td>\n<\/tr>\n
Regulation<\/th>FCA,CFTC, NFA<\/td>\n<\/tr>\n
Mobile App<\/th>Yes<\/td>\n<\/tr>\n
Customer Support<\/th>live chat, phone, email, and social media<\/td>\n<\/tr>\n
US-Accepted<\/th>Yes<\/td>\n<\/tr>\n
Our Score<\/th>4.7\/5<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<\/div>\n\n\n\n

IG Compared<\/h2>\n\n\n\n

To get a better view of IG broker, we set a brief comparison between IG and other competitors in the industry below:<\/p>\n\n\n

\n\n\n\n\n\t\n\t\n\t\n\t\n\t
Broker<\/th>IG<\/td>Forex.com<\/td>Oanda<\/td>OctaFX<\/td>EXNESS<\/td>FXTM<\/td>\n<\/tr>\n
Founded<\/th>1974<\/td>2001<\/td>1955<\/td>2011<\/td>2011<\/td>2008<\/td>\n<\/tr>\n
Minimum Deposit<\/th>$250<\/td>$100<\/td>$0<\/td>$25<\/td>$50<\/td>$10<\/td>\n<\/tr>\n
Inactivity fee<\/th>Yes<\/td>Yes<\/td>Yes<\/td>No<\/td>No<\/td>No<\/td>\n<\/tr>\n
US Accepted<\/th>Yes<\/td>Yes<\/td>Yes<\/td>No<\/td>No<\/td>No<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<\/div>\n\n\n\n

Pros and Cons<\/h2>\n\n\n\n

IG is undoubtedly a great broker in so many aspects, but not all traders are willing to accept its drawbacks. Check the pros and cons of IG below to find out if this is a broker that you might consider: <\/p>\n\n\n\n

PROS<\/th>CONS<\/th><\/tr><\/thead>
Wide Range of Investments<\/td>High share-CFD fees<\/td><\/tr>
Well Regulated (Multiple Tier-1 Authorities)<\/td>No back-testing integration or copy trading<\/td><\/tr>
Provides protection for EU-\/UK-based clients<\/td>Doesn\u2019t offer protection for US-based clients<\/td><\/tr>
Accepts US-based Clients<\/td>It doesn\u2019t offer guarantee stop loss for US-based clients<\/td><\/tr>
Focuses on research and education<\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Account Opening<\/h2>\n\n\n\n

Signing up for an account at IG is easy and straight-forward. When I signed up for an account it took just a few minutes to fill in the data. After signing up, I received a call from a IG representative in matter of minutes of singing up. The only thing left to do is to verify my identity by uploading my ID documents and complete a quiz that demonstrates my knowledge of CFD. Overall, the account opening process experience is great.<\/p>\n\n\n\n

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\"Account<\/figure>\n\n\n\n
\"Personal<\/figure>\n\n\n\n
\"verification<\/figure>\n\n\n\n
\"email<\/figure>\n<\/figure>\n\n\n\n

Offerings of Investments<\/h2>\n\n\n\n

Residents of the United States, the United Kingdom, New Zealand, and Japan must select their local IG entity. Depending on which IG entity you choose, you may have access to a different set of markets. <\/p>\n\n\n

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\"Offering<\/figure><\/div>\n\n\n

IG has amassed a comprehensive portfolio of over 17,000 marketplaces around the world. Futures and options are accessible on a wide range of instruments, ensuring that you always have something to trade. IG (UK) provides the following products:<\/p>\n\n\n\n