IG Group is an online Forex broker established in 1974 by IG Markets Ltd which is a subsidiary of the IG Group. It was initially known as IG Indexnot until the year 2000 when it changed its name to IG Group.
It is one of the pioneers of online trading with over 40 years of existence and the first ever online Forex broker to offer mobile trading for iPhones. They have a total of 15 offices across 5 continents with over 150,000 clients all over the world. Furthermore, it is a publicly traded member of the London stock exchange as well as a member of the FTSE 250.
Generally speaking, there are 8 trading platform that IG Group offer to their clients, but they can be classified into two.
- Wed Based Trading Platform – The Web-based trading platform that IG Group offer is also known as the ProRealTime Trading platform which is equipped with advanced charting package, more than a hundred technical indicators and has the capacity to support automated trading.
- The MetaTrader 4 or MT4 trading platform – it is the most popular and one of the oldest trading platform used by the majority of traders all over the world. This is because of the amazing features that it has which include an advanced charting package, Expert Advisors or EA, and a wide variety of trading tools. It is also known due to its capacity to support automated trading and due to the customizable features that it has.
IG has also provided clients with a mobile trading app in order to make trading easier for them. What is good about their mobile trading is that it supports not only Android and iOS devices, but it supports windows OS devices as well. Through the mobile trading platform, traders no longer have to stay in front of their desktop all day long as they can trade at the comfort of their mobile phones already.
IG Group offers their clients two trading accounts to choose from.
- The Standard Forex Trading Account with an average minimum spread of 0.6 pips.
- The DMA Trading Account with an average spread of 0.2 pips with a small amount of commission charge for each side of the trade.
A demo account is provided to the clients of IG Group so that they can practice trading without losing or risking any of the fund or asset that they have. The demo account offered is the same as the live trading account which means that clients can use and maximize it as if they are trading for real.
IG Group requires a minimum initial deposit of $200 in order to open a live trading account with them. With just $200, a client can already have access.to all the features and benefits that IG Group has to offer.
If a client wishes to withdraw or deposit, he can do it via credit and debit cards, and bank wire transfer. For non-UK credit cards, an additional 1.5% of the total fund is charged. Furthermore, only personal credit and debit cards are allowed and accepted by the IG Group.
What makes their funding process interesting is that there is an app which can be downloaded by the traders to use whenever they wish to withdraw or deposit.
The maximum leverage offered by IG Group can go as high as 1:700. Taking into account, this is considered a high leverage with a high risk as well.
Spreads and Commissions
The average spread for IG Group trading account is 0.6 pips. The two different account type which IG Group offer have different spreads wherein one is commission free.
Regulation and License
IG Group is under the regulation of three strict and reputable regulatory bodies – BaFin, FCA, and FINMA. With such regulatory bodies which the IG Group has to abide, clients are ensured that they are safe and secured with the online Forex broker.
IG Group is known for the excellent customer support that they offer
Clients are assured that they will get a response to their queries as soon as possible in as much as inquiries are supported in different languages.
Benefits of Trading with IG Group
Trading with IG Group paves the way to a great number of benefits which include a safe and secure trading, superb trading platforms, award-winning customer support and so much more.
- Well regulated
- Excellent customer support
- Demo account and mobile trading available
- No emergency stop loss
- Virtual Private Serve fee
With its long years in the industry, IG Group is truly a must try broker. It has received recognition over the years due to the excellent service that they provide to their clients in as much as they have everything that a trader needs when trading. The IG Group is both great for new or seasoned traders as they can be trusted and they are known due to how efficient they are with their role as an online Forex broker.