IG Review

IG (also known as IG Markets) is a CFD brokerage firm based in London. IG is considered a CFD market innovator, as they were on of the very first companies to offer CFD trading to the masses. It has established reputable business practices and thus are a secured FCA regulated CFD broker.

IG has a global presence, with offices based in 16 countries around the world and over 130,000 clients and counting. They average 4 million transactions a month, meaning that as a FTSE 250 company, IG is one to be considered by those wanting to enter or further their position in the CFD market.

Trading Platforms

IG’s chosen trading platform is Pure Deal, a well known, versatile and battle tested piece of software. It is web based and is designed to set the standard for what all other web based trading platforms should attest to be. They also offer a desktop download-trading platform in L2 Dealing (PureDMA), which is a downloadable piece of software that extends IG’s trading functionality. The platform allows people to trade via direct market access, something that is a lauded trait of IG’s service.

Once familiar with IG’s core trading platforms users can opt for full customisation in order to support their particular trading preferences. This means users can pull charts and news feeds around the screen, while also creating a collapsible menu system that offers easy access to the markets that matter most.

Account Types

The CFD account that IG offers clients is a market-leading service, which comes with a steady stream of advantages. It allows users to go short on most markets, make stamp duty free trades, have direct market access and manage risks with a varying range of stops. IG targets their CFD trading account towards active traders and those who are looking to hedge their portfolio with added flexibility. Approximately 1 in 3 traders in the United Kingdom have accounts with IG, making them a popular choice amongst those who know the CFD market.

Spreads and Commissions

IG’s popularity can be partly explained by their fees. They make sure that users only pay commission on share CFDs, while in other markets users only need pay the spread. Such is obviously determined by the buy and sell prices of the moment. On top of this IG only charge small fees for funding positions overnight and guaranteed stops, should either become applicable to a client.

Pros

IG describes themselves as one of the largest CFD brokerage firms in the world, as assets of over £500,000,000 back them up. In the trading world very few can even match such a lofty figure. In a sense, such financials represent the large scope that IG’s trading platforms brings to the CFD market. Those looking to enter the market for the long term can take IG as a broker that can be trusted and excelled with.

Cons

IG chooses to conduct the majority of its customer service via telephone. This can create a slow turnaround for those looking for instant help.

Spreadbetting, CFD trading and Forex are leveraged. This means they can result in losses exceeding your original deposit. Ensure you understand the risks, seek independent financial advice if necessary. The value of shares and the income from them may go down as well as up. Nothing on this website constitutes a solicitation or recommendation to enter into any security or investment.