IG clients have access to over 15,000 global financial markets, providing opportunities to invest in shares, commodities, indices, forex and other instruments. Examples include CCI, Adaptive Moving Average, Chaikin oscillator, Moving Average, and OrderBook volume. Traders can also communicate through the embedded MQL5 community chat to feel more empowered and confident.
Trading Technology
- The appropriateness of a broker predominantly hinges on individual trading inclinations and objectives.
- While being the most feature-rich and popular trading platform, MetaTrader 4 does not have a slick interface and requires some time and effort to learn.
- Trading signals are actionable ‘buy’ and ‘sell’ suggestions for traders, based on emerging chart patterns and key levels being met.
- Becoming an IG premium client gives you numerous advantages and privileges that ensure the best trading experience.
- However, it is important to remember that losses, as well as profits, are magnified when trading with leveraged positions.
Spreads in forex majors are highly competitive, while the majority of other assets I tested are closer to the industry average. The depth and scope of education and research materials are exceptional. Clients can also benefit from valuable resources like sentiment data, Autochartist signals, and the Trade Analyzer tool. With fast order execution, tight spreads, and 1-click trading, IG is well suited to day traders and scalpers.
IG does not charge commissions on most trades, including forex, indices, and shares. IG offers a wide range of markets, including indices, forex, shares, commodities, bonds, rates, and options. In total, there are over 17,000 markets available, with new markets regularly added. IG offers several platforms, including its online trading platform, MetaTrader 4 (MT4), ProRealTime, and L2 Dealer. Each platform offers unique features suited to different trading styles.
Cryptocurrency trading is also available to eligible clients of Interactive Brokers Hong Kong. This means that you will be able to get pricing data directly from an exchange while also interacting directly with the order book. The implication is that you can easily view underlying market liquidity, enter auctions, and access sophisticated order types. IG will also not charge any withdrawal fees on all payment options available. However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party, which are independent of IG. IG’s financial institutional partners calculate the daily swap rates using risk-management analysis.
All users can get access to a full suite of alerts and risk management tools implemented within the platforms. IG Markets charges on average 0.6 pips spread on EUR/USD trading and 0.1% commission per share dealing. US share trades come with zero-commission trading while the UK shares require GBP 3 commission per trade. Trading major stock indices like the DAX 30 and FTSE 100 comes with a 1 point spread while gold trading has a minimum spread of 0.3 pips.
Desktop Trade Experience
If you choose to use guaranteed stops (which ensure you can’t lose more on a trade than the amount set) then spreads will widen slightly. A glance at the table below indicates that spreads on most currency pairs are slightly above average. These signals are based on technical analysis performed on the emerging chart patterns and the occurrence of certain key levels. On the IG platform, traders can observe and copy signals for a wide range of markets and use them to trade, or make trading decisions.
- This service facilitates the solving of problems through interaction between users.
- In this IC Markets review, we will discuss its leverage, spreads, regulations, deposit & withdrawal methods, fees, and how to open an account with IC Markets.
- I also recommend the IG Academy to beginner traders, where IG delivers an industry-leading service.
- IG used to accept Paypal, but it appears that this is no longer offered.
- To ensure that you’re comfortable with their products during your initial time trading with them, IG have a dedicated team on hand to offer one-to-one guidance.
- You can deposit funds via bank transfer, credit/debit cards, PayPal, and Skrill.
IG have an easy account opening process that takes just a few minutes to complete. You can get access to fast execution on a huge range of markets and enjoy flexible access to more than 17,000 trading instruments, with reliable execution. Deal seamlessly, wherever you are and trade on the move with the brokers natively designed, award-winning trading app.
Share Dealing
Because of this, MT4 is usually preferable if you are looking for off-the-shelf solutions. After that, you still won’t pay for ProRealTime if you trade at least four times in a given month. If you don’t, or your trading activity is of extremely low value, you’ll pay a €30 fee on the last day of every month. Take advantage of strength or weakness in a particular industry with a sector spread bet or CFD. IG offer more than 44 UK and Australian sectors, including banking, mining and general retailers.
This IG review will focus on trading instruments, regulations, deposit and withdrawal methods, spreads and leverage. It will also explore how to open an account, fees, trading platform and safety measures provided by the broker on clients’ investment funds. IG is a top choice for both new and experienced traders, offering a combination of powerful trading platforms, low spreads, expert analysis, and robust customer support. With its comprehensive educational tools and diverse market access, IG ensures that traders are well-equipped to navigate the financial markets with confidence. IG is a highly regulated broker with licenses from reliable financial authorities, providing clients with high funds protection. Thanks to narrow spreads, traders can effectively manage their costs and increase the profitability of their operations.
From this IG forex review, it is evident that these trading platforms are unique, and it’s up to you to choose whichever meets your needs. The spreads on IG are quite low, with a minimum spread of 0.6 points for forex, 0.1 points for commodities, 0.8 points for major indices, and 2 points for crypto CFDs. The minimum spreads for other assets are made available on the IG platform. IG has over 18,000 markets and offers different sections for new and experienced traders to make trading as simple to understand as possible.
IG Customer Support Test
This dedication to regulatory compliance makes IG one of the most regulated brokers in the world. If you are looking for a convenient way to make deposits into your IG account, we picked IG as one of the best forex brokers that allows traders to send and receive funds with PayPal. PayPal supports a wide range of global currencies and has an extensive international presence. Yes, IG holds more regulatory licenses than any other online broker that offers forex and CFDs. Its decades of operation, reputation, and requirements as a publicly traded company mean IG is considered a safe broker to hold client assets, including cash money.
Charting Tools
In terms of fees, this depends on the number of trades you make throughout the month. If placing more than 3 trades in the prior 30-day window, you’ll pay no commission on US stocks, and £3 per trade on UK shares. If you drop below 3 trades per month, you’ll pay £10 and £8 per trade on US and UK stocks, respectively. When it comes to spreads, this will vary widely depending on the asset class. For example, if you decide to trade major indices like the S&P 500, you can get the spread down to just 0.1 pips.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and ig group review forex broker. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. In the case of CFDs on shares, IG doesn’t widen the spread, and clients deal at the real market price. IG stands head and shoulders above the competition in multiple categories. Its Standard account offers rock-bottom trading costs, with spreads as low as 0.6 pips in pairs like EUR/USD and 1.4 pips in the Dax 40.
The platform offers news feeds from Reuters, real-time charts, and market commentaries. Also, you can set alerts to notify you when your pre-determined market conditions are met. The alerts can be set to monitor bid and ask levels, net price change, and percentage price change. With these US regulations, IG can offer its forex trading services to US clients.
This does make stock CFD trading expensive at IG if you are planning to trade smaller volumes. For example, let’s say that you buy £500 worth of BT stocks – which are listed on the London Stock Exchange. Although commissions stand at 0.10% (£0.50), you will need to pay the £10 minimum. After all, you need to pay the minimum fee when opening a trade, and then again when you close it.