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Chris Cammack
Edited by Chris Cammack
Author

IG Broker Review

4.69
/ 5
Min deposit
USD 0
Regulated By
ASIC, BMA, BaFin, CFTC, DFSA (
FCA, FMA, FSA-Japan, FSCA, MAS, FINMA
)
Trading Cost
USD 6
Leverage
30:1
Copy Trading
No
Platforms
MT4, L2 Dealer, ProRealTime
Instruments
Bonds, Commodities, Cryptocurrencies, Digital 100s, Stock CFDs (
ETFs, Forex, Indices, Interest Rates
)
Accepts US Clients. Average spread EUR/USD 0.60 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 and IG's trading platforms supported. IG Group is regulated by CFTC, FCA, ASIC, and the FSCA. 70% of traders lose money with this provider.

Our Verdict on IG

Founded in 1974 and regulated by the CFTC, IG is a low-cost CFD broker with a long history of providing safe and secure trading and a vast range of trading instruments.

Our research found that IG has over 320,000 clients worldwide and has been the largest CFD broker in the world by revenue for the last few years. It has two low-cost trading accounts and a spread betting account with no minimum deposit requirements and offers trading on over 17,000 instruments, all of which can be accessed on its award-winning app and web trader platform. 

For more traditional investors, IG also runs a fully licenced stock brokerage on the side. And in addition to a wide range of trading tools, IG has a world-class selection of educational and market analysis materials to get new traders started.

Pros

  • Well regulated
  • Tight spreads
  • Great platform choice
  • Excellent education
  • Excellent market analysis

Cons

  • High minimum deposit
Trust Rating
5
Trading Conditions
4.5
Platforms
4.5
Education
5
Beginner Friendly
4
Assets Available
5
Analysis Research
5
Deposit & Withdrawal
5
Overall Rating
4.69
/ 5
Base Currencies
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD
Number of FX Pairs
80
Crypto Pairs
10
Copy Trading
No
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
Yes
Account Name
Live Account
Commission
Fees Included in Spread
EUR/USD
0.85
GBP/USD
1.40
USD/JPY
0.94
Negative Balance Protection
Yes
Company Name
IG Markets Ltd
Founded
1974
Website
Website Language
English, Swedish, Danish, Norwegian, Russian, German, Italian, Spanish, Portuguese, French, Dutch, Japanese, Arabic
Support Language
English, Swedish, Danish, Norwegian, Russian, German, Italian, Spanish, Portuguese, French, Dutch, Japanese, Arabic
Office Locations
South Africa, United Kingdom
Support Email Address

Deposit & Withdrawal

banktransfer
visa
mastercard
paypal

Supported Platforms

Best MT4 Forex Brokers
L2 Dealer
ProRealTime

Meet the Experts Behind Our Unbiased Reviews

Alison Heyerdahl

Senior Financial Writer

Alison Heyerdahl

Alison joined the team as a writer in 2021. She is the Senior Financial Writer for FxScouts. She has a medical degree with a focus on physiotherapy and a bachelor's in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, "Let's Talk Forex", alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers.

Chris Cammack

Head of Content

Chris Cammack

Head of Content at FxScouts since 2019, Chris Cammack ensures all content meets our high standards of quality and clarity, shaping editorial guidelines and overseeing broker reviews. Chris brought 10 years of experience in research, editorial, and design for political and financial publications, and has a deep knowledge of international financial markets and geo-politics. He co-hosts the "Let's Talk Forex" podcast with Alison and writes for the news section on a regular basis.

Ida Hermansen

Financial Writer

Ida Hermansen

Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO. Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks. Ida's passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders.

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