Detailed IG Forex Broker Review
The financial company IG Group was founded in 1971. Company’s specialization was investment and brokerage. But with development of the Internet technology, the financial company began to provide customers with access to online trading. Anyone can use the services of a broker today. The total capitalization of the group exceeds $ 1.3 billion. It is known that the IG Group is part of the UK FTSE 250 regulatory authority.
The company has a high-quality website, which is translated into more than 20 languages. Please note that all trading conditions are written on the main page in large print. Many of the terms of the user agreement are also available for review without barriers.
Advantages and disadvantages of the IG Group broker
After examining the activities of the financial group, it is necessary to conclude that the broker has more advantages than disadvantages.
• Unified Metatrader standard and work with reliable liquidity providers (this eliminates any manipulation of quotes);
• The presence of a multilingual site, all information is clear and accessible;
• Access to more than 130 financial instruments.
• While replenishing deposit and withdrawing funds, may be charged a commission;
• Account types are not separated.
The IG Group is regulated by several organizations in the UK and Australia. In particular, FCA and ASIC. At the legislative level, the protection of each registered user is maintained at the level of 50 thousand pounds sterling.
However, the company divides users into two categories. The first group with a deposit of up to $10,000 is trading on the domestic market (operations are not brought to the interbank market, and transactions are processed on the company’s servers). But the second group with a large deposit is already trading on the interbank market. In the second case, any risks of bankruptcy are offset. But this creates certain restrictions for those who are not ready to invest immediately from $10 thousand.
IG Group doesn`t offer anything new to users in terms of available trading terminals. You can traditionally download Metatrader 4 for computer and mobile devices on their site. All versions of the program provide trading safety and personal data protection. For example, access to the account via Face ID and Touch ID. You don`t need to pre-configure programs – they are completely ready to work.
IG has created a complete catalog of stocks, currency pairs, indices and commodities. Futures and options are available on many instruments, and customers will never have trouble finding assets for trading. The broker also includes exotic and minor currency pairs.
Analysis and Forecasting Tools
One of the features of the broker is the availability of its own information portal for traders DailyFX.com. The link publishes verified news, analytics, expert forecasts. But on the official website of the broker basic tools are also available: economic calendar, forecasts. Separately, it is worth highlighting the work of educational centers operating under the brand name IG Academy. Users have access a mobile application through which one they can receive extended information about markets and technical analysis. You can also configure the receipt of trading signals directly to your mobile device (via the application or SMS notification).
The broker allows connection of third-party transaction copy services using the example of MQL5, as well as activation of automatic robots.
Commissions, fees and charges
The spreads of the company are set at a competitive level (from 1 pip for the most volatile instruments). Additional fees for withdrawal of funds are set by the payment systems themselves. Pay attention to the terms of replenishment.
£ 250 is the minimum deposit on the account. They offer a progressive program of discounts for a large volume of Forex (it was written above about the bill with a total amount of $ 10 thousand).
IG customer support is available for free number from 8:00 to 22:00 (except Sunday). Both potential and active customers can communicate with a company representative via chat, which is available 24 hours a day. The processing time of applications on average is 10-60 minutes, depending on the chosen method of communication.