What is IG
IG is one of the world’s largest CFD brokers founded in 1974 in the UK. IG Group, the parent company of the broker, is listed on the London Stock Exchange, but doesn’t have bank support.
How Does IG Exchange Work
IG provides its users with such types of accounts as a live account and a demo account, on which you can work for 14 days. Traders have access to trade more than 15,000 assets, including cyber currencies, stock CFDs, bonds, indices, commodities and Forex. There is access to other global markets, including stock exchange. The minimum deposit is $ 200, leverage up to 1: 200 and floating spreads from 0.4 pips.
The online broker has MT4 and its own IG Online trading platform, which works on Android and IOS. To test it, you can open a demo account, the deposit there is $ 10,000.
The application comes with many different charts, tools and features. There is the possibility of opening orders from the chart, instant execution of orders, more than 100 technical indicators, various tinctures and an informative news blog.
Tools and indicators appear automatically when you click anywhere on the chart. One interesting feature is auto-save indicators. The indicators that the trader added to the chart will be saved automatically and appear on his next login. You can even manually delete those that you will not use. Other features in the IG Mobile app include alerts, detailed market research for each instrument, an economic calendar and AutoChartist.
Users can fund their IG account using Visa, MasterCard and bank transfers. Withdrawal and deposit of funds is carried out without commissions. But if you need to rush money within 24 hours, then a commission of 15 pounds will be charged. Also, if a trader replenishes a deposit using PayPal, then a commission of 1.5% is charged from him.
How To Trade On IG
Registration on IG is standard. You will need to have personal information, email and phone number. Then, you will need to answer a few questions to confirm that you accept the risks and trading products associated with them. You must also provide a copy of your identity card, such as a passport and proof of residence, which may be a bank statement or utility bill.
Is IG Safe?
IG is regulated by top-level bodies such as FCA, BaFin and CFTC. Other bodies that regulate the broker include CySEC, ASIC, IIROC, SFC and FMA.
The advantages of IG are simple and easy-to-use platforms, access to financial instruments of more than 15,000, very well-developed research functions and good customer support. Of the minuses, these are high fees and commissions; in some regions, traders are not offered deposit insurance and the web platform needs to be set up manually.
IG is a CFD broker that provides various platforms and services to meet the various needs of its customers. Compared to most other companies, it offers competitive transaction fees, spreads and commissions.