IG Review – Plus Free Bonuses!

Looking for an honest and in-depth IG review? You’re in the right place!

At Trade Wise, we’ve spent over a decade reviewing hundreds of crypto and forex trading projects, helping traders make informed decisions.

With millions earned through our own crypto and forex investments, our expertise speaks for itself.

What’s more, we’ve been using the IG.com trading platform for over 15 years and know it better than anyone!

In this review, we’ll break down everything you need to know about IG, from its features to its pros and cons, so you can decide if it’s the right platform for you.

Let’s dive in!

Quick Overview

• IG offers a user-friendly platform with access to a wide range of markets, including stocks, forex, and cryptocurrencies.
• It provides robust educational resources through IG Academy, enhancing trader knowledge and skills.
• The platform is regulated by top-tier authorities like ASIC, ensuring the safety and reliability of trades.
• Users should consider potential fees such as custody fees, withdrawal costs, and commissions that might impact overall profitability.
• IG’s mobile application supports on-the-go trading with advanced order types and real-time market data.

Who Is IG?

IG helps its clients in trading at financial markets through leverage, spread betting, and CFDs. This allows the clients to trade in different modalities of markets such as indices, forex, shares, commodities, and others.

It serves as a medium to access trading opportunities. It also offers investment services for clients to buy and sell thousands of shares and ETFs. They also manage the clients’ portfolios on their behalf.

IG has over 313,00 clients worldwide, 2,000 employees in 20 countries, and has over 17,000 markets. Key products they offer include Spread betting, CFD trading, investments, wealth portfolios.

The platform is available in countries such as Australia, China, Germany, Hong Kong, India, Ireland, Japan, Malaysia, Netherlands, Philippines, Singapore, South Africa, UAE, United States, and other countries with stable economic or political backgrounds.

IG Markets Ltd provides the CFD, share dealing, and stocks and shares ISA accounts, the IG Index Ltd provides the spread betting. The name IG is registered as the trading name for IG Markets Ltd. IG Markets Ltd is a company registered in England under number 04008957 and Wales. 

IG Index Ltd is also a registered company in England under the number 01190902. The company has a registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA.  The Financial Conduct Authority (FCA) authorized and regulated both IG Markets Ltd and IG Index Ltd.

Overview of IG Trading Platform

Starting your trading journey with the IG trading platform offers a streamlined and intuitive experience. As a popular trading platform, IG equips you with all the tools you need to succeed in the financial markets.

Whether you’re a beginner or a seasoned trader, you’ll find the platform user-friendly and efficient.

IG, a well-respected online broker, provides access to a wide range of markets with competitive spreads that help maximize your trading potential.

You can engage in trading sessions across the globe without worry, thanks to their robust trading app. This means you can trade on the go, reacting swiftly to market changes with one-click trading.

For newcomers, IG offers demo accounts. This feature allows you to practice your trading strategies without any financial risk.

It’s a safe way to familiarize yourself with trading dynamics before committing real money.

Key Features of IG

As you explore IG.com, it’s important to weigh the pros and cons.

The features offered can greatly enhance your trading experience, but there are drawbacks you should consider.

Let’s look at what makes IG stand out and where it might fall short.

Pros of Using IG

IG offers an array of powerful features that can greatly enhance your trading experience. With robust regulatory licenses, you’re trading on a platform that’s widely recognized for its reliability and safety. This is essential for both active and professional traders.

IG’s educational material is exceptional. You can access a wide range of resources through IG Academy. Whether you’re a beginner or an experienced trader, there’s always something new to learn. The educational tools are designed to refine your trading strategies and broaden your market knowledge.

For those who thrive on a variety of options, IG presents a wide range of markets. You won’t feel limited as you explore opportunities in forex, stocks, commodities, and more.

The platform’s advanced features are also a big plus. They allow you to customize your trading environment and execute complex strategies with ease.

Moreover, the minimum deposit requirement is reasonable, making it accessible for retail investor accounts. You don’t need a huge capital outlay to start trading.

IG also provides innovative trade ideas that can inspire your next moves and possibly increase your trading success.

Cons of Using IG

While there are plenty of advantages to using IG, you should also be aware of some drawbacks.

Withdrawal Fees and Custody Fee IG might charge you withdrawal fees, which can eat into your profits. Additionally, there’s a custody fee if you hold shares in a share dealing account, which can add up over time.

Minimum Deposit Requirement You’ll face a minimum deposit requirement when you start. This might be a hurdle if you’re not ready to commit a substantial amount upfront.

Complex Instruments and Spread Bets Trading with complex instruments and spread bets isn’t for everyone. It requires a good understanding, and there’s a risk you might lose money if you’re not careful.

Trade Commission and Processing Time Depending on what you trade, you might pay a trade commission. Also, be ready for some processing time when you make transactions, which can be a bit slow.

Advanced Tools and Regulatory Oversight The advanced tools offered by IG.com are great but can be overwhelming if you’re a beginner.

Plus, stringent regulatory oversight guarantees safety but also means lots of rules to follow.

Safety and Regulation: Is IG Trustworthy?

When considering online trading platforms, the trustworthiness of IG regarding safety and regulation stands out as a critical factor. You might wonder how your investments are safeguarded. IG, being a well-regulated forex broker, is governed by top-tier financial authorities like the Australian Securities & Investment Commission (ASIC) and others.

Regulatory Compliance and Protection IG Markets Ltd and IG Bank meet stringent regulatory standards, guaranteeing that your financial instrument portfolios are managed with the utmost responsibility. Here’s how IG upholds its integrity:

IG employs bank wire transfer among other methods to guarantee secure transactions. This setup not only aligns with regulatory compliance but also provides additional asset protection. So, when you transfer funds, you’re using a secure and trusted method. With IG, you can trade knowing that robust safeguards are in place to protect your investment.

Investment Offerings Available on IG

You’ll find a wide range of investment options on IG.

They offer various assets, including stocks, forex, and commodities.

If you’re interested in the digital market, IG.com also provides cryptocurrency trading.

Types of Assets to Trade

What can you trade on IG? You’ve got a variety of options to boost your trading activity. From forex options in the bustling forex market to dynamic contracts for differences (CFDs), IG offers a broad range of markets. Whether you’re interested in share trading or investment trusts, IG has got you covered.

Here’s a quick look at some of the tradable instruments and investment products available:

Each category offers unique opportunities and tools designed for both new and experienced traders. IG’s platform provides direct access to these markets, letting you manage your investments efficiently. Whether it’s diving into forex direct trading or exploring the expansive range of CFDs, IG equips you with the necessary tools to succeed in diverse financial landscapes.

Cryptocurrency Trading Options

Exploring the dynamic world of cryptocurrencies, IG provides you with robust trading options in this rapidly evolving market. As a leading market maker, IG stands out among forex brokers by offering a thorough suite of cryptocurrency trading options.

Whether you’re a seasoned crypto trader or just starting out, IG.com has tailored solutions to meet your trading needs.

Here’s what you can expect:

• Diverse Crypto Trading Pairs: Trade a variety of major cryptocurrencies including Bitcoin, Ethereum, and more.
• Advanced Trading Signals: Access real-time trading signals to enhance your decision-making.
• Competitive Trading Costs: Benefit from tight spreads and low trading costs, maximizing your potential returns.
• Algorithmic Order Types: Utilize advanced algorithmic order types to execute your trading strategies effectively.

IG’s forex offering also integrates seamlessly with crypto trading, providing you with a robust platform to diversify your investment portfolio.

You’ll find the trading ideas and tools necessary to navigate the markets effectively, from technical analysis aids to fundamental insights.

Whether you’re looking to engage with the market daily or seeking long-term investments, IG equips you with the resources to thrive in the dynamic world of crypto trading.

Commissions and Fees at IG

When you trade with IG, you’ll encounter various trading costs.

It’s important to watch out for any hidden fees that might affect your bottom line.

Let’s take a closer look at what you’re really paying.

Overview of Trading Costs

Regarding trading costs at IG, you’ll find that both commissions and fees are structured to suit different types of traders.

Whether you’re involved in margin-based foreign exchange trading or looking at other markets, IG has tailored options to help manage your trading expenses effectively.

Here are key aspects of IG’s trading costs:

• Average Spreads: IG offers competitive spreads that vary by market conditions and trade size. This means you’re likely to find a cost-effective match for your trading strategy.
• All-In Cost: This includes spreads plus any commissions or additional fees, giving you a clear picture of the total cost before you trade.
• Active Trader Rebates: If you’re a frequent trader, IG rewards you with rebates that can considerably reduce your costs. The more you trade, the more you save.
• Forex Trading Risks: Understanding the costs is essential due to the inherent risks of forex trading. Market volatility can impact not only the potential returns but also the costs associated with each trade.

Hidden Fees to Consider

Before you immerse yourself in trading with IG.com, it’s crucial to be aware of some hidden fees that might not be immediately apparent. Understanding these can help you manage your trading costs better.

Custody Fee: IG may charge a custody fee if you hold investments in your account. This is often a percentage of your total investment holdings, billed monthly.

Withdrawal Costs: Although most withdrawal options are free, certain methods like bank wire may incur a fee, especially if the transaction involves a currency conversion. Always check the conditions for your chosen method.

Stamp Duty: For UK stock purchases, you’re subject to stamp duty. This tax isn’t charged by IG directly but is passed on to you during the transaction.

Here’s a quick table of common hidden fees:

Always remember, your total cost per trade can be affected by these fees, so factor them into your budget. Check IG’s full fee structure to avoid surprises and make informed investment choices.

User Experience: Opening an Account

Starting an account with IG involves a clear step-by-step process.

You’ll need to meet specific verification and documentation requirements.

Let’s explore what you need to prepare to streamline your registration.

Step-by-Step Account Creation Process

Creating an account with IG is a straightforward process that you can complete in just a few steps.

Whether you’re new to the online trading industry or an experienced trader, IG caters to all experience levels, offering access to forex & share trading platforms, IG smart portfolios, and more.

To get started, simply follow these steps:

• Visit the IG Website: Navigate to IG’s official site and click on the ‘Create Account’ button.
• Fill in Your Details: Provide your personal information such as name, email, and contact number. You’ll also need to answer a few questions about your trading experience and financial knowledge.
• Choose Your Platform: Select the trading platform that best suits your needs. IG offers options for both retail traders and experienced traders with a variety of tools and resources.
• Set Up Your Preferences: Customize your account settings, including risk management tools, progress tracking, and client sentiment analysis from IG’s proprietary database.

This process not only gets you set up but also aligns with IG’s commitment to supporting its active clients with a tailored trading experience.

Start trading as soon as your account is active!

Verification and Documentation Requirements

Once you’ve set up your IG account, you’ll need to verify your identity and provide some necessary documents. This is standard practice across the forex industry, including platforms like IG Asia Pte Ltd. Typically, you’ll need a government-issued ID and a recent utility bill or bank statement to confirm your address.

Easy Documentation Submission

Submitting your documents with IG is straightforward. You can upload files directly through their trading platform. IG’s system is on par with industry average, ensuring quick verification, often within a few business days.

Why Verification Matters

Verification helps safeguard your account and meets regulations set by authorities like the Japanese Financial Services Authority. It’s not just a formality but a vital step in securing your investments.

Learning Resources

Once verified, take advantage of IG’s educational resources. They offer educational videos in video format, ranging from basic tutorials to advanced material tailored for seasoned traders.

These tools are great for enhancing your trading skills.

Final Thoughts

Deposit and Withdrawal Methods

Now, let’s look at how you can deposit and withdraw money with IG.com.

You’ll find various payment options available, each with its own processing times and conditions.

Understanding these can help you manage your funds more effectively.

Supported Payment Options

When you’re ready to manage your finances with IG, you’ll find a variety of payment options at your disposal. This flexibility is essential, especially if you’re engaged in activities like online forex trading or managing diversified portfolios via platforms such as the L2 dealer or third-party platforms.

IG supports several methods to guarantee your trading doesn’t skip a beat. Here are your main options:

• Credit/Debit Cards: Fast and convenient, perfect for quick deposits.
• Bank Transfers: Ideal for larger transactions.
• PayPal: A secure option for those who prefer online wallets.
• Other E-Wallets: Includes services like Skrill for flexibility.

These methods integrate seamlessly with IG’s platforms, enhancing your mobile trading accessibility and professional trading experience.

Whether you’re using mobile trading apps or trading securities through sophisticated trading APIs, these payment options keep your trading journey smooth. They support 1-click trading features too, making sure you never miss a market move.

IG’s commitment to providing a wide range of payment options simplifies the management of your funds, allowing you to focus on your trading strategies and market performance.

Processing Times and Conditions

Understanding the processing times and conditions for each deposit and withdrawal method at IG is vital for efficient account management.

Let’s break down what you need to know to optimize your trading experience, especially when market prices fluctuate rapidly.

Deposit Times

Most deposit methods at IG are instantaneous, which is essential during periods of economic releases or when you need to act quickly on market research.

This immediate funding allows you to take advantage of market conditions that advanced traders thrive on.

Withdrawal Times and Conditions

Withdrawal times can vary. Typically, it takes 1-3 business days to process a withdrawal request.

This timing guarantees compliance with banking license regulations and maintains a secure trading environment.

Remember, the availability of funds might be influenced by the specific banking method you use.

Features for Efficient Trading

IG offers a range of features to support your trading decisions.

The platform includes an extensive range of educational tools and options for social copy trading.

The availability of market research here is designed to help you make informed decisions quickly, keeping you one step ahead in dynamic markets.

Stay informed about processing times to align your trading strategy with the fast-paced world of finance.

Mobile Trading Applications

You’ll find that IG’s mobile app comes packed with features designed for trading on the go.

The user experience is tailored to keep you engaged and effective while trading from your mobile device.

Let’s look at what makes this app stand out in the mobile trading landscape.

Features of IG’s Mobile App

Exploring the features of IG’s mobile app reveals a robust platform designed for on-the-go trading. You’ll find it’s packed with tools that cater to both novice and seasoned traders.

Here’s a quick glimpse at what you can expect:

• Advanced Order Types: You’re not limited to basic buy and sell options. The app includes a variety of advanced order types which help you manage risk and secure profits.
• Charting – Drawing Tools: Visualize market trends with sophisticated charting tools. Automatic coloring helps you quickly identify key movements and patterns.
• Educational Content: Whether you’re brushing up on basics or diving into complex strategies, the app provides valuable educational resources to boost your trading knowledge.
• Market Capitalization Info: Stay updated with real-time market capitalization data, essential for making informed trading decisions.

Comparing IG’s app with others like FP Markets, FXCM, Pepperstone, and Tickmill, you’ll notice that while all provide quality services, IG.com stands out for its all-encompassing features and user-friendly design.

Each platform has its unique strengths, but for a blend of functionality and educational support, IG’s app is worth considering.

User Experience on Mobile Devices

Efficiency and Accessibility

You’ll find IG Review highlights its user-friendly design. The app offers tight spreads and real-time access to current market prices, essential for trading major pairs in popular markets.

Maneuvering through the app, you can swiftly move from one feature to another, enhancing your trading speed and accuracy.

Tools and Features

IG’s mobile app is equipped with advanced charting and drawing tools, which are indispensable for technical analysis on the go.

Whether you’re plotting trend lines or analyzing patterns, these tools are responsive and easy to use.

Broad Range of Options

With a broad range of options, from stocks to forex, you have the flexibility to diversify your investments.

The app supports a ready-made portfolio feature, ideal if you’re looking for a hands-off investment approach while leveraging IG’s extensive experience.

Every element of IG’s mobile user experience is designed to help you trade more effectively, making it a worthy tool in your trading arsenal.

Additional Trading Platforms Offered by IG

In addition to its main platform, IG offers several other trading platforms tailored to meet diverse trading needs.

You’ll find features that cater to both beginners and professional traders, ensuring a seamless trading experience regardless of your skill level.

Here’s a quick look at what IG provides:

• L2 Dealer: This platform is designed for advanced traders who need direct market access. You can trade directly into the order books of major equity exchanges.
• ProRealTime: Ideal if you’re into technical analysis, this platform offers advanced charting, analytics tools, and automated trading features.
• MetaTrader 4: Popular among Forex traders, MT4 supports automated trading through expert advisors (EAs) and provides robust technical analysis capabilities.
• IG Trading App: A versatile mobile option that lets you trade on the go with access to all the major features of the main platform.

Educational Resources and Market Research Tools

As you start trading, you’ll find that IG offers both free and premium educational resources.

These tools are essential if you’re a beginner, helping you understand the markets better.

It’s important to know which materials can provide the most value to your trading strategy.

Free vs. Premium Resources

Most users will find that IG offers a variety of both free and premium resources tailored to enhance learning and market analysis.

Whether you’re in South Africa or elsewhere, the access to these tools can greatly aid your trading strategies.

Here’s how the two resource types compare:

• Free Resources: IG’s free offerings include educational webinars, basic market research reports, and access to some charting tools. These are great for getting a solid start without additional cost.
• Premium Resources: For a fee, you’ll gain entry to a wider range of sophisticated tools such as advanced charting capabilities and in-depth analyst reports. Premium users often see this as a worthwhile investment for more complex strategies.
• User Experience: The collective experience tends to be more favorable among those who opt for premium resources. These tools are designed to cater to the needs of serious investors and traders, offering more detailed insights and data.
• Accessibility: While free resources are readily available to all users, premium tools require a subscription, which mightn’t be ideal for everyone, especially casual traders.

Choosing the right type depends on your specific needs and investment style.

Importance for Beginner Traders

Market research tools, on the other hand, equip you with real-time data and analysis. This helps you make informed decisions, rather than just guessing. You’ll learn to interpret market trends, understand economic reports, and even get a feel for what drives market movements.

IG offers a robust suite of both educational materials and research tools. They’ve got tutorials, webinars, and articles tailored for beginners. You won’t feel lost as these resources guide you through the early stages of your trading journey.

Plus, their market research tools are user-friendly. You can track market performance, analyze charts, and access expert commentary with ease.

Utilizing these tools and resources can greatly reduce your risk and boost your confidence. So, immerse yourself in them, practice consistently, and you’ll see your trading skills grow.

Customer Support Evaluation

Now, let’s look at IG’s customer support.

You’ll want to know how quickly they respond and when they’re available.

Also, we’ll check what kinds of support channels they offer.

Response Time & Availability

When you reach out to IG’s customer support, you’ll notice their response time is impressively quick. Whether it’s a pressing issue or a simple query, you’re not left waiting. This responsiveness is vital, especially in the fast-paced world of trading.

Here’s why IG stands out regarding response time and availability:

• Immediate Acknowledgment: You’ll receive an instant confirmation that your message has been received, ensuring that help is on the way.
• Quick Turnaround: Most queries get addressed within a couple of hours, so you’re never left in the dark for long.
• Extended Service Hours: Support is available during extended hours, fitting your schedule no matter your time zone.
• Reliability: Their system boasts high uptime, guaranteeing support is there when you need it most.

This level of availability is comforting. You know you can rely on IG to not only be there but to be there quickly.

It’s clear they value your time and trading experience, ensuring that any disruptions are minimal. This reliability in customer support really sets IG apart in a competitive market.

Support Channels Offered

Building on their strong response times, IG also offers a variety of support channels to meet your needs. Whether you’re a seasoned trader or just starting out, you’ll find their customer service accessible and helpful.

Here’s a quick overview of the support options available:

You can use live chat for quick questions. It’s always there, right on your screen. If you prefer talking, their phone support is just a call away. They make sure you don’t wait too long.

For more complex issues, email is your best bet. They’re thorough and you’ll get your answer within a day. And don’t forget about social media. It’s perfect for staying updated and getting fast help.

Each channel is designed to be user-friendly, ensuring you get the support you need, when you need it. Whether you’re trading at midnight or noon, IG is ready to assist.

User Testimonials and Experience

Drawing from numerous online forums and direct feedback, users consistently praise IG for its user-friendly interface and responsive customer support. You’ll find that navigating through their platform is a breeze, which is especially beneficial if you’re new to trading.

Their customer support isn’t just quick; it’s also helpful, guiding you through any issues with patience and clarity.

Here’s what stands out in user testimonials:

• Ease of Use: The platform’s intuitive design makes it simple to execute trades quickly.
• Educational Resources: There’s an abundance of learning tools to help you understand trading basics and advanced strategies.
• Mobile App: The mobile app is robust, allowing you to trade on the go without hitches.
• Market Range: Users appreciate the wide range of markets available, from forex to cryptocurrencies.

Whether you’re a seasoned trader or just starting out, IG seems to cater well to all levels of experience.

The platform’s thorough features coupled with excellent support make it a favored choice among traders. Just immerse yourself, and you’ll likely find that managing your investments with IG is straightforward and rewarding.

Frequently Asked Questions

Can I Use IG for Trading if I’m Under 18?

You can’t trade on platforms like IG if you’re under 18. They require all users to be legally adults to comply with financial regulations. Wait until you’re 18 to start trading!

Does IG Offer Cryptocurrency Staking Services?

You can’t use IG for cryptocurrency staking services as they don’t offer this feature. You’ll need to look at other platforms that specifically provide staking options for various cryptocurrencies.

Are There Any Inactivity Fees for IG Accounts?

If you’re enjoying a little break, watch out—IG accounts may have dormancy charges. It’s wise to check the fine print or stay active to avoid unexpected fees on your account.

Does IG Provide Tax Accounting Tools or Services?

No, IG doesn’t provide tax accounting tools or services directly. You’ll need to manage your own tax reporting or seek external help from a tax professional to handle your investment-related taxes.

Can I Access IG Trading Services From Any Country?

You can’t access IG trading services from every country, just like you can’t catch fish in a dry pond. Check IG’s website for a list of supported countries to see if you’re eligible.

Conclusion

In conclusion, IG has consistently proven itself as a reliable and comprehensive trading platform. With over 15 years of personal experience using the platform, I can confidently say it has delivered on its promise of providing a smooth, user-friendly experience.

Whether trading forex, stocks, or cryptocurrencies, IG’s wide market access, competitive spreads, and advanced tools have made trading efficient and rewarding.

The educational resources have been invaluable in sharpening strategies, and the robust regulatory framework offers peace of mind.

While some fees exist, IG remains one of the best platforms for both beginners and experienced traders alike.

Our trading results with IG.com have been great over the years and we always find them to be a very reliable CFD and spread betting broker.

If you’re looking for more options, here are some other brokers to consider:

1. Vantage FX
2. IC Markets
3. Plus500