Ig.com Review Is IG Broker A Genuine Forex Company

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Contents

IG.com Review Visit site

Was at IGMarkets.com. Other websites of this company include IGForex.com, IGI ndex.co.uk.

About IG.com

IG is a forex broker. IG offers the WebTrader and MT4 trading currency platforms. IG.com offer over 100 forex currency pairs, cfds, commodities, stocks, index, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

  • Information
  • Live Discussion
  • Profile
  • Video
  • 13 Widgets
  • More .

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 200:1
Minimum to Open Live: $250
Established: 1974
Address: Cannon Bridge House, 25 Dowgate Hill, London, EC4R 2YA, United Kingdom
Contact: [email protected], (44) 207 896 0079
Regional offices:
Regulators: ASIC #AFSL 220440, FSCA #FSP 41393, DFSA #F001780, FCA #195355 / 114059, NFA #0509630
Prohibited countries:

Yes

Yes

Yes

Trading platforms: MT4, IG Web and Mobile Platform, ProRealTime
Web Trading:
Mobile Trading:
ECN:
Currencies: (105+)
Cryptocurrencies: (10+) Bitcoin, Litecoin, Ethereum
CFD: (16000+) Gold, Silver, Stocks, Stock Indexes, Bonds, Bond Indexes, Oil, Other Commodities

Yes

Yes

Yes

Yes

Yes

EAs/Robots:
News Spike Trading:
Scalping:
MAM:
PAMM:
Deposit Methods: Bank Wire, VISA, MasterCard, PayPal
Withdrawal Methods: Bank Wire, VISA, MasterCard, PayPal

Live discussion

Join live discussion of IG.com on our forum

IG.com profile provided by IG Group, May 13, 2020

The world’s No.1 spread betting and CFD provider*

Our vision
We aim to be a global leader in retail trading and investments. With a strong focus on innovation and technology, we put client needs at the heart of everything we do. This enables us to empower informed, decisive, adventurous people to access opportunities in over 15,000 financial markets.

24-hour support
Our highly trained team is available 24 hours a day from 8am on Sunday until 10pm on Friday, and from 9am to 5pm on Saturday UK time.

Powerful technology
Our intuitive platforms and apps are built for speed and security. We offer a fully customisable award-winning web platform, natively designed mobile and tablet apps, as well as a range of advanced third-party tools.

A global leader in online trading
We are the world-leading provider of contracts for difference (CFDs) and financial spread betting, and the UK’s largest retail forex provider.* We also offer execution-only share dealing, along with fully managed investment portfolios. With over 40 years’ experience behind us, we’re perfectly placed to help you make the most of the markets. *Based on revenue excluding FX (from published financial statements, October 2020). Losses can exceed deposits.

About us

We are a world-leading online trading and investments provider, 1 giving you access to opportunities across thousands of financial markets through our intuitive platforms and apps.

Call 0800 195 3100 or email [email protected] to talk about opening a trading account. We’re here 24 hours a day, from 4am Saturday to 10pm Friday.

Contact us: 0800 195 3100

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What we do

We help our clients trade financial markets on leverage, through spread betting and CFDs. These products allow you to find opportunity in both rising and falling markets, and aren’t confined to one asset class – you can choose to trade on indices, forex, shares, commodities and more.

You can also use our investments service to buy and sell thousands of shares and ETFs in a more traditional sense, or choose a wealth portfolio that we manage on your behalf.

Why choose IG?

Trusted and regulated

More traders trust us with their money than anyone else, making us the world’s No.1 choice for spread betting and CFD trading. 1

As well as placing a premium on the security of client funds, we’re authorised and regulated by the FCA.

Committed to our clients

We want our clients to stay with us. So we’ve built our business around being on our clients’ side, and wanting them to trade profitably.

As part of this commitment, we are signed up to the FX Global Code of Conduct, which establishes a common set of guidelines for good practice in the markets.

Truly world-leading

Founded in 1974 as the first company of our kind, we’ve been at the forefront of our industry ever since, offering award-winning platforms with market-leading services.

We now serve clients all over the world, from 15 sales offices based across five continents.

Award-winning service

We’ve been recognised time and time again by our industry, both for the services and the technology that we provide.

ForexBrokers is compensated by IG for marketing

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years’ experience, we’re proud to offer a truly market-leading service

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years’ experience, we’re proud to offer a truly market-leading service

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

Your money is protected

Rest assured that when you deposit funds into an IG account, it’s safeguarded in a range of ways:

  • Your money is held in segregated accounts at regulated banks
  • We don’t use your money for our own business activity
  • Your money is ring-fenced from our creditors

The benefits of trading with us

Easy-to-use platforms

Identify and respond to opportunity quickly and securely on fast, powerful platforms and natively-designed apps.

Massive market range

Deal on over 17,000 markets, including more 24-hour indices than any provider and out-of-hours US shares.

Become a better trader

Learn the skills you need to succeed with our range of training resources, including seminars to suit all levels of experience.

Friendly, expert support

We’re on hand to help you achieve your trading goals, right from the moment you join.

Effective risk management

Negative balance protection 2 ensures you can’t lose more than the balance on your account, and our range of stop and limit orders put you in control of your risk.

Professional services

Qualify for a professional account and you could benefit from exclusive features, greater flexibility and cash rebates on selected markets.

Choose the UK’s No.1 retail FX provider 1

IG is home to more retail forex traders in the UK than any other forex trading provider. Why trade with anyone but the No.1?

Choose the UK’s No.1 retail FX provider 1

IG is home to more retail forex traders in the UK than any other forex trading provider. Why trade with anyone but the No.1?

You might be interested in…

What we do with your money

The costs

Investing with IG

How are my money and assets protected when I trade with IG?

Get a clear picture of how much it costs to trade with IG, thanks to our transparent fee structure.

Deposit or withdraw money from your IG account quickly, simply and securely.

1 Based on revenue excluding FX (published half-yearly financial statements, June 2020); for forex based on number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released July 2020).
2 Negative balance protection does not apply to professional traders.

Markets

IG services

Trading platforms

Learn to trade

Contact us

Follow us online:

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

CFD, share dealing and stocks and shares ISA accounts provided by IG Markets Ltd, spread betting provided by IG Index Ltd. IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. Both IG Markets Ltd (Register number 195355) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.

The information on this site is not directed at residents of the United States, Belgium or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Ig.com Review: Is IG Broker A Genuine Forex Company?

See the Best Online Forex / Share Trading Services in 2020 as rated by Australians on ProductReview.com.au.

Koi South East Queensland, QLD

Daily interest too huge to hold positions

I know it is how they make money, but when you buy a minimum size of Brent oil, it cost’s $20/day to hold the position because they take $20 away from you as a daily interest!
Even holdig AUDJPY long position steals a bit of interest, too.
I was hoping to trade long term but mentally impossible to hold a position.

Just for a record, Brent oil long position used to give me a positive interest before this Corona-shock, but it was something like $5/day.

Now they calculate interest rate using AUD LIBOR, which you cannot find on website now a days.
That makes it very unclear how they come up with those numbers.

Similar opinion? Write a review on ProductReview.com.au!

Long Term Invester

  • Verified customer

Not suitable for long term trading

Took me less than 10mins to start an account. deposit is very easy and no question is asked. After i find out about their hidden fees i tried to withdraw back to the SAME bank account and that’s when all the red tape suddenly appeared. Asking for numerous evidence and then declined when I provided them. Tried to call several times, no one have answered yet.
The subscription fee make it hard for long term investors, you have to trade every month. NO customer services at all.

Similar opinion? Write a review on ProductReview.com.au!

Other Online Forex / Share Trading Services
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Peter Greater Melbourne (Inner), VIC

Never use IG! It is a disaster!

Hello,
I am really frustrated by IG. 2 week Ago I placed an order for Australian index 200 ending with huge losses. If I was beaten by the market, I have nothing to say. But I found IG put the trading size 15 as default. My loss was enlarged and out of my control. I am really angry with this. How is this come? This is my third trade and I only played with size 1.
Their service centre don’t even want to reply my email for 2 weeks.
It seems that this trading platform is full with traps and tricks. I can’t accept it and consider to report to Australian watchdog.

Similar opinion? Write a review on ProductReview.com.au!

Find out how IG compares to other Online Forex / Share Trading Services

Know better, choose better.

Pete C Greater Melbourne (Metropolitan), VIC

  • Verified customer

Stay away, being investigated by regulator

I have a pending case against them with ASIC. I Bought FX call options over a couple of weeks, no other transactions. Paid premiums up front as you do when buying options . They closed out all my positions after the fx rate changed the premiums of the these transactions, weeks and days after the purchases. Yes my up front premiums, were adjusted to a different/worse exchange rate after i had purchased them. This put my account into margin call and they closed out all the positions crossing a 14 point spread!

Spent more than 1.5 hours on hold, . Read more

during euro open, to their “24 hour dealing desk”, never had a call answered. No one response to email or calls over 2 days. Will update with the outcome of the ASIC investigation when complete and provide details to this site to verify.

Similar opinion? Write a review on ProductReview.com.au!

Adrian South East Queensland, QLD

I have absolutely no connection to IG except as a private client

I am truly shocked when I saw the extremely low rating based upon many reviews.

Let me say I am a professional private trader. Have been for many years. I have worked in the financial markets for

40 years, at the highest levels. So I know what I am talking about.

The vast majority of 1 star reviews here are by people who are beginners or simply have little real world trading experience. Their expectations are sky high and not realistic at all.

My experience at IG is one of nothing but good things to say. They seem to act in a professiona. Read more

l manner. They respond to email support quite quickly, and even answer the phone immediately on the odd occasion I have rung. Sure, nothing is perfect. Some months ago their whole platform went down for a few hours. It happens. But it was a one off. And sure, sometimes when I click to buy or sell at market, I don’t get filled. But that’s because it is FAST MARKET conditions, where the browser based quotes can’t keep up with the speed of the market. That is NOT an IG issue.

Similar opinion? Write a review on ProductReview.com.au!

TraderInAus Greater Melbourne (Outer), VIC

Honest long time user

*update*** Must read before you sign up.
21/02/2020
Hey Guys & Gals
I have just recently had massive troubles with IG. For a long time I thought they had exceptional customer service & slight glitches on the App. However now I believe the customer service that was once available has decreased exponentially. I have been on hold for over an hour once a week for the last 8 weeks, just trying to fix up IG trading mistakes. After all this time I finally got to the bottom of it this morning. They haven’t taken any ownership of the situation and . Read more

have said they can’t do anything to rectify the faults I had been having. One of the problems was credits from referring a friend and another was a trade not being executed after I had continually tried to place it. This has now cost me over $300 AUD but it’s not really about the money, it’s more about their service & integrity that has me upset. Please step up IG trading I used to love your services.

Similar opinion? Write a review on ProductReview.com.au!

Jon Z Greater Melbourne (Inner), VIC

  • Verified customer

A terrible company

They cancelled my withdrawals until I provided bank statements. I submitted copies of bank statements and I got emails from payments that it’s ok, only to have the withdrawal rejected again, this time by the help desk.
A very unprofessional outfit, must be very careful dealing with them.

Similar opinion? Write a review on ProductReview.com.au!

Alan J Sydney, NSW

IG fee for no service after transferring shares

I see that many people are in the same boat as me. I used IG because they had no fees, then they introduced a $50 per quarter fee for “inactivity” which they then renamed to a “subscription fee”. I was disgusted and transferred all my shares from IG only to find that IG CONTINUE TO CHARGE $50 per quarter AFTER TRANSFERING ALL SHARES. I think there must be a lot of people who are now being charged a fee for no service by IG and would welcome a group action against them.

Similar opinion? Write a review on ProductReview.com.au!

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Sharon Far North Queensland, QLD

Moving my shares to a platform with NO hidden fees

These guys were great UNTIL they introduced the fee for inactivity. I joined as they advertised NO fees then they turn around and add them. Not what I signed up for so leaving. This is not a good platform for small investors who only make a few trades per year.

Similar opinion? Write a review on ProductReview.com.au!

Find out how IG compares to other Online Forex / Share Trading Services

Know better, choose better.

Sam C Metropolitan Adelaide, SA

Ok if you trade regularly

I don’t trade much so got annoyed when they announced there will be $50 quarterly fee unless you trade 3 times in that quarter.
So only recommend to someone who’s planning to trade regularly!

Similar opinion? Write a review on ProductReview.com.au!

Ray M

Demo Is Good. But People Have No Idea How Hard It Is To Make Money On The Markets. Beware!

IG has a very good CFD demo. But, the problem with attempting to make money on any CFD platform is that the markets require a great deal of expertise in order to yield profit. Most people (96%) will lose money on a live CFD account. That is the fact. If you are interested in trading on a CFD, then make sure that you do at least a minimum of 200 hours on a the demo platform. Another factor is that CFDs are not as strictly regulated as exchange traded stocks. I have found that the demo is good, but often charts do freeze as well as price updates. Read more

They recommended Google Chrome, but it still happens. When I first took an interest in online trading I called IG afterhours and spoke a man in the UK. He warned me: “On Forex, commodities, indices or anything you have to understand that you are up against the most skilled traders in the world”. So basically getting into the markets without significant training is like going into a hospital expecting to make money doing elective surgery with a minimum of expertise. Studies generally confirm that people always think that they are luckier than they are. Scammers will tell you that there are “technical indicators” that can help you and such, but anything that gives you any sense of (too great a) certainty in something as random as market prices will send you to the poor house fast. Technical indicators were never made (except for pivot points) for predicting market movements – only documenting them in the past tense. The people you talk to at IG on their toll free number are pleasant guys but they don’t give you any real advice that will make you profitable – unless you read between the lines. They did give me advice that made me consistently profitable but it was only after I had studied for 12 months that I started to understand it. Even if you can be profitable on a demo you may fail big time on a live account because of slippage as often the opportunity for getting out at profit can be narrow and then lost because after slippage you end up losing money – especially if you have limited time to monitor your positions. If you are a full time trader it is different. Your orders may be put in second place to those of another more influential trader (who is maybe on the other side of the Earth). Thus you lose out to him (or something else like a bank). Money is the root of all evil and the markets, like IG, are money Mecca. Beware! Prepare. A fool and his money.

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