IG were one of the first broker accounts I ever opened nearly 15 years ago now, and I still use them daily. This should give you some indication of how I feel about them as broker given that I have used them for such a long period of time. It’s not all positive, and I will be honest about some of the limitations of this platform, but generally IG is a great broker with good margins and a great range of accounts and assets to invest in.
As well as providing an honest IG review, I also wanted to offer some free bonuses for anyone who signs up with them using the my partner link. If you do end up creating and funding an acount with them, you might as well get a bunch of free stuff for doing it, right? Contact me once you’ve funded your account and I’ll send you as much excting free stuff as I can, including a free EA I created for my own use, a little known auto-trading service that has a 99% win rate (that I don’t disclose to anyone except my inner circle of contacts) an ebook about profiting from bitcoin and more.
IG.com is one of the biggest CFD (Contract for Difference) brokers in the world. Established in 1972, its time dedicated to business operations contributes to its good reputation in the industry. The company has operations in a regulated bank, publicly-traded company, and duly authorized by high trust, average trust, and low trust.
In terms of regulators, IG is regulated with the Financial Conduct Authority (FCA) and the Federal Financial Supervisory Authority (BaFin). Furthermore, IG is included in the London Stock Exchange. Safety is not an issue in IG since it is listed on the London Stock Exchange and discloses financials and is seen by credible organizations.
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 178,000 clients worldwide and has over 17,000 markets. It 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 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.
The platforms used by IG can cater to all levels of trading experience in terms of its functionality. That makes IG’s platforms an excellent tool for trading. The following are the platforms and tools used by IG:
- Flagship Platform
This is the main platform used by IG. It is a web-based platform. In terms of usability, the experience is the key factor. The default layout on this platform is partially empty. This requires the users to customize the platform in the absence of a default selection of workspaces templates.
Advanced functionality is the feature of the default charts within the platform. It features the ability to provide notifications alerting users to specific indicators.
- Additional Platforms
Added in its web-based platform, IG presents the MetaTrader 4 (MT4) platform and L2 Dealer platform that serves as the setting for share trading of Forex Direct and Direct Market Access (DMA).
The IG platforms are considered as most intuitive and tagged as well designed. The platform is customizable suiting the clients’ desires. The designs are flexible and users can create watchlists and a one-click feature.
IG Accounts that can be Opened
IG offers its clients several accounts to open depending on their needs. After the clients’ decision to open a share dealing account or Smart Portfolio, they can choose the following accounts:
- Stocks and Shares (ISA)
There are two options in dealing with IG ISA, the share dealing ISA and IG Smart Portfolio ISA. The share dealing ISA allows the users to select their own investments. Meaning, they have control over their investments. The users can choose their investments from 12,000 global stocks and ETFs, 0.5% competitive FX conversion fee, and investment in UK shares.
Meanwhile, IG Smart Portfolio ISA allows experts to make decisions on the user’s behalf. The users can avail of the expert-built portfolio parallel to users’ risk profile, witness the performance and construction of the user’s portfolio at any time, and low management fees.
- Personal Pension
This allows the clients to invest for their retirement. This feature is also called Self-invested Personal Pension (SIPP). In investing at IG SIPP, users can invest in a wide array of global shares and ETFs with tax relief on the user’s account. IG SIPP has share dealing and IG Smart Portfolio features.
Share dealing IG SIPP features investment for retirement with tax relief on contributions and no capital gains or income tax to settle. This also allows users to choose their own investments from shares and ETFs, invest in UK shares, and trade with international stocks.
On the other hand, the IG Smart Portfolio and select SIPP provides personalized a tax-efficient wrapper to portfolios. It also grants users to have a portfolio based on Blackrock asset allocation models built with iShares ETFs. This also features a reduced cash drag with fractional-share investments.
- General Investment
The general investment grants users the freedom to make investment decisions. Users can place their investments in share dealing where users can buy and sell global shares and ETFs. They can also invest in IG Smart portfolios where the experts in the company build, monitor, and manage the users’ portfolio.
Users can also maximize the returns with tax-efficient wrapper through Flexible ISAS. Users can also invest in their retirement with 20% to 45% tax relief on contributions through SIPPs.
IG is tagged as one of the leading trading platforms. Its years of experience and innovations throughout its service makes it an excellent choice to place your investment. IG is backed up with necessary legal documents protecting its clients and the company itself. IG is established, respected, secured, and regulated.
I’m Jon, owner of Trade Wise at https://tradewise.community/ and https://www.youtube.com/channel/UC7VmOx8DbvX4Rbrac2pPcjw
I review forex and crypto trading products and services to find the best of what’s out there for creating a passive income without becoming a full-time trader.