IG review 2024: should you sign up with the broker?

IG review 2024: should you sign up with the broker? title=

This Trading Platform is available in Ukraine


As a sector of IG Group, IG Markets focuses specifically on retail CFD services. Clients can open accounts in IG Group subsidiaries to effortlessly access the market and start trading. IG’s trading conditions favor long-term and active traders, and there are no restrictions on foreign traders. However, a (recently reduced) minimum deposit of $1,000 may still deter newcomers. A drawback of IG is that its interface is not very user-friendly, though this can be managed with practice.

Min. deposit
Website address
Demo account
Supported languages
Payment Methods
Bank WireCredit/Debit cardsPayPal
  • The American regulators CFTC and NFA and the British regulator FCA have granted licenses to IG’s subsidiaries.
  • IG has favorable spreads, ranging from 0.6 to 1 pip, depending on the kind of instrument.
  • 24/7 customer service is available.
  • There is a high threshold of entry, which discourages novice traders.
  • The verification procedure is complicated and selective. There are cases of refusal to open an account due to unconfirmed or low income.
  • There are technical problems with order execution (according to traders' feedback).
  • Users have reported that the interface has a high learning curve.
Best CFD Provider, Best Trading App, Best Forex Trading Platform
BondsCommoditiesCryptoDigital 100sETFsForexIndicesInterest RatesOptionsSectorsStocks
Min. trade price
Varies by asset
Regulated By
MetaTrader 4
MetaTrader 5
Trading Central
STP Account
ECN Account
DMA Account
MAM Account
PAMM Account
LAMM Account
Demat Account
Mobile Apps
iOS, Android
Margin Trading
Volatility Index
Spot Trading
Perpetual Swaps
AI / Machine Learning
Robo Advisor
P2P Trading
Negative Balance Protection
VPS Hosting
Demo Competitions
Managed Accounts
Market Maker
Auto Trading
Social Trading
Copy Trading
Trade Signals
Islamic Account
Inactivity Fee
$12 per month after 2 years of inactivity
Guaranteed Stop Loss
Stock Exchanges
Gold, Silver, Oil, Natural Gas
Forex Trading
Forex GBPUSD Spread
0.9 pips
Forex EURUSD Spread
0.6 pips
Forex EURGBP Spread
1.1 pips
Forex Assets
Crypto Spread
Varies by cryptocurrency
Crypto Lending
Crypto Staking
Crypto Mining
Crypto Auto Market Maker
Crypto Coins
Bitcoin, Ethereum, Ripple, Litecoin, and others
Binary Options
Digital 100s
Payout Percent
Varies by product
Expiry Times
Varies by product
Ladder Options
Boundary Options
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* The amount that will be credited to the account in the case of a successful deal

* General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews


The Trustpilot rating is 4.1,
according to 6586 reviews

4.5 Stars
Ivan Chou
Ivan Chou
I received excellent service and issues resolved 100%. He didnt just kick the can down the road. He was helpful and got the job done. Good job!

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Brian Kennedy
Brian Kennedy
I initially spoke to/e-mailed/chatlined various employees trying to obtain some information I required. Although all were polite and attentive it was not until I spoke to Srishti that I experienced superb customer care. She has a brilliant telephone manner, listened to my query, asked a couple of relevant questions and said she would look into the issue and get back to me within 30 minutes. As promised she did so and was able to resolve the issue in question. She sent a further e-mail to clarify I was satisfied. No. Delighted. Thank you Srishti.

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Mr Simon Bonelle
Mr Simon Bonelle
I submitted a service request which wasn't exceptionally complex but it was the sort of thing where you almost expect a mistake to be made. Not only was it executed with perfect accuracy but within about half an hour so I was delighted with the outcome.

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Had a problem funding my account by debit card (seemed to be on the bank’s side) and had a message asking me to call IG for assistance. I called and spoke to Francisco who assisted me, I tried bank transfer and all was okay with funds being confirmed within minutes. As always, good service from IG Customer Service team

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kris walesby
kris walesby
Have been using IG for years for spread betting (in the UK) and CFDs (in AU). Just opened a share account. Very easy process and IG automatically ported my W8BEN status from my CFD account, which was great. I actually don't know why I didn't set the share account up earlier as it's so much better than the other platforms I was using in AU and significantly cheaper.

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Roselyn Jabrae
Roselyn Jabrae
Hello my name is Chris, an I am a forex trader, ig is my broker and I'll admit that it is by far the greatest I've ever used before. The customer service alerts me if I'm at risk in an open trade, they notify me about any updates with there platform especially the convenient email alerts explaining step by step the process on how to add funds and regulate my ig-live account definitely recommending to family and friends

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IG is an established name in the brokerage world. It is a well-regulated platform that provides over 19,000 financial instruments. It is regarded as one of the biggest CFD brokers worldwide, with 178,000 clients. I have been using the broker for several years, so let’s get into the broker’s details.

IG review 2023: should you sign up with the broker?

How does IG stand out?

Highly regulated: IG is regulated in six tier-1 jurisdictions, making it a safe broker for forex and CFD trading.

Multiple assets: IG provides traders access to diverse solutions across a wide range of asset types.

Education: IG offers a wide range of education with the IG Academy. In particular, novice investors can take advantage of the online interactive trading courses.

News: Via the news function, publications are displayed, and you can search all articles. You can find news for previous months for each selection.

Direct Market Access: IG offers market and liquidity providers direct market access.

Auto-trading: MetaTrader4 and L2 Dealer allow you to set up automated trading.

What is IG?

Choosing an online broker can be difficult. Luckily I have done it for you!

It is essential to know the company’s details before trading or investing. Let’s research IG in detail.

IG Markets is one of the market’s most popular DMA brokers. It provides over 17,000 CFDs and is the leading online CFD provider. IG offers eight account types based on the market you want to trade.

Also, I was amazed to learn about their five trading platforms. In addition, IG Markets is highly transparent about trading strategies.

IG homepage

IG homepage

IG provides spread betting, hedging, scalping, and algorithm trading. IG is one of the most fee-competitive platforms accessible. There are many other things that I love about IG as a trader.

I am going to tell you that in detail later in the article. The IG broker has won several awards as one of the best and the most reliable brokers in the markets.

IG also ranked best overall futures broker in several categories. Plus, it is available in the US, so that’s a big plus.  However, IG accounts are not available for residents of Ohio.

How does IG work?

IG Markets is not just a world-leading trading and online execution platform provider. It also ranks among the most innovative firms. IG offers its clients a diverse range of over 17,000 tradable financial assets. Let’s see how it works.

How does IG work?

The primary trading products of IG include forex, CFDs, and options. Yeah! The broker has a broad asset range. Maybe it’s because the firm has a broad target audience in mind. The platform is appropriate for both new and veteran investors. Over 80 FX pairs are available for trading with IG markets.


  • USD/ILS, and many more.


  • Oil-US Crude
  • Oil-Brent Crude
  • Spot Gold
  • Spot Silver (50000 OZ)
  • Chicago Wheat
  • London Sugar.


  • Wall Street
  • Hong Kong HS50
  • Hong Kong Tech
  • US 500
  • US Tech 100 and many more.


  • HSBC Holdings PLC (HK)
  • Tesla Motors Inc.
  • Walt Disney Co.
  • Apple Inc.
  • Netflix Inc.
  • Vodafone Group PLC

Crypto Currencies

  • Bitcoin
  • Ether
  • Litecoin
  • Stellar
  • DogeCoin and many more.

It allows you to invest in several asset classes from one platform. But the key point is that traders have to pay attention to the fees brokers offer and the taxes ruled on trade by countries. Another platform that lets you trade assets from around the globe on one platform is Exante.

How does the IG platform work?

I was fascinated to see the available platforms; trading with IG provided me with many options.  The platform is user-friendly for beginners.

Here I have discussed the trading platforms provided by IG. IG remains one of the most popular and prominent online brokers, as it provides a simple and effective trading platform as well as a mobile app.


This trading platform is open to all traders seeking CFD trading. Traders can do the following few things with this platform

  • Manage their account
  • Make payments
  • Register their cards
  • Deposit or withdraw funds, and a variety of other things.

It also provides browser-based research resources such as

  • Economic Calendar
  • Finest Forex Signals
  • Live headlines.

I also enjoyed the smart settings function, which remembers your position sizes and stop values. Also, the live news feed from Twitter and Reuters is a great way to trade the news and stay up to date on breaking news.

IG news

IG news


IG has also introduced a progressive web app. It gives worldwide traders a smooth trading platform. You can utilize it on any device without visiting a third-party app store. IG lets traders obtain some of the most crucial trading updates quickly.

IG trading platform

IG trading platform


MetaTrader 4 is one of the most prominent third-party platforms. It is available on the website for

  • CFD trading
  • Automated trading tools
  • Sophisticated analysis.

Furthermore, the trader may select from a variety of app add-ons. You can download them for free to trade in

  • Forex
  • Stocks
  • Precious metals
  • Indices, and other markets.


ProRealTime is one of the major advanced charting programs used on the web.  It provides flexible access, comprehensive analytical resources, and robust monitoring capabilities.

This ProRealTime package is precious for technical chart users. It is accessible to traders who trade CFDs at least four times monthly.


L2 Dealer from IG is a free platform that you can download. It is used to trade forex, stocks, and CFDs. They are supported by tools like price alerts, orders, and watch lists. Traders may begin trading with the assistance of technical charts and track price fluctuations at their fingertips.


The mobile application is simple to use and understand. It replicates the desktop platform and its compatibilities. The mobile app is hugely beneficial to both novice and experienced traders. It has been improved for both iPhone and Android traders.

I have used the web-based platform to do research and monitor tools. I also accessed the mobile charts, and they were seamless.

IG mobile app

IG mobile app

What trading indicators are available?

While trading, I must know the market conditions. Trading indicators help to make the market clear. That’s why trading indicators are helpful for traders if used correctly. You’ll be surprised to know the number of trading indicators IG offers.

  • Aroon
  • Average True Range
  • Awesome Oscillator
  • Bollinger Bands
  • RSI and many more.
Further reading

What are IG trading accounts?

When I first considered trading in IG, I dug into the platform in detail. Like you’re doing right now.

I was surprised to know the number of accounts IG offers traders. Let me give you a shocker too.

What are IG trading accounts?

IG offers ten types of trading accounts, depending on the needs of traders and investors. Every account has its benefits and offers. Let’s check out the accounts in depth. Here’s a list of trading accounts IG offers

Demo account

A demo account has virtual money placed into it. Demo accounts are also available for free. You can use a demo account without any commitment to register a genuine account.

Trading account

The basic IG trading account is available globally, although some terms and limitations vary depending on the country. Negative balance protection, for example, is only provided in the UK and the EU.

Another variable that varies by location is the minimum deposit. The IG Markets trading account allows you to trade 17,000 markets.

Limited risk account

The IG Limited Risk account is similar to the IG standard trading account. However, there are a few distinctions. This IG Markets account type is a solution for non-EU and UK clients.

For those who do not qualify for negative balance protection, the Limited Risk account provides a selection of low-risk markets, as well as guaranteed stop losses and a negative balance protection feature.

Spread betting account

Spread Betting accounts are typically available from FCA-regulated forex brokers. With the Spread Betting account, you can place bets on over 17,000 assets. It offers incredibly tight and competitive spreads beginning at 0.1 pips. IG Markets is one of the most popular spreads betting brokers.

Options trading account

The IG Options trading account is exclusively open to EU residents. This account provides barrier and vanilla options on currency, indices, and commodities. Because barrier options trading has a predetermined amount of loss, it is a suitable place to start for beginning traders.

Vanilla options have a fixed level of risk only when you buy options contracts. However, the risk is not restricted when you sell options contracts.

Turbo24 trading account

The product you trade with this account is called a turbo warrant. This account is available only in the following countries

  • Germany
  • France
  • Spain
  • Italy
  • Sweden
  • Netherlands,
  • Norway

Share dealing account

The Share Dealing account may purchase and sell stocks, ETFs, and other products. There are almost ten thousand different shares and funds available. Its cost starts at $3. This account is not available everywhere: it is only available in the United Kingdom and Australia.

Swap-free account

Traders from the Islamic religion can utilize the Swap-free trading account to trade forex. It doesn’t have rollover fees based on interest rates. The trading account is offered to traders registered with IG Markets’ UAE entity.

It allows account applications from everywhere, so you may open the account even if you don’t live in the UAE. Although there are no swap costs, other fees may apply.

Professional account

Do you satisfy the criteria for identifying yourself as a professional trader? Then this account is best for you. You will be able to access greater leverage and variety of products. Last year, I completed an average of 10 large-scale trades every quarter.

Select account

Only professionally certified UK and EU traders are eligible for the Select account. You must satisfy two conditions to be eligible:

  • Have an annual gross income of at least €75,000
  • Have savings of over €100,000

What are IG spreads?

IG market spreads are competitive, beginning at 0.6 pips on key forex pairs such as EUR/USD. Other trading costs, such as overnight rollover fees, are also charged.

I learned that the details of rolling daily prices and their rules are subject to change. You can find this on the broker’s website. Furthermore, it levies an inactivity fee on inactive accounts.

Does IG offer a demo account?

Do you want an account with no obligations? I wanted that too when I started trading with the IG. The IG demo account is the ideal place to start. It flawlessly replicates live trading.

I used it for three or four months, which worked wonders for me. The demo account with IG Markets never expires. Additionally, I signed up for the demo account hassle-free.

If you are an active trader looking for smaller spreads, IC Markets or Alpari offer this.

Further reading

How safe is IG?

Do you know how to confirm if a broker is safe? When selecting a broker, it’s numero uno for me to look at safety.

It is essential to consider the administrative body and regulatory status. Any money you invest is at risk if the broker isn’t regulated.

How safe is IG?

Here I’ve mentioned several reasons how and why IG is safe. Also, why do I trust this broker?

Unlike other brokers, you would be amazed to know that multiple countries regulate IG. Yes, IG is regulated by the tier 1 regulators listed below.

I don’t think so many authorities and countries regulate any other broker. Your funds are even safeguarded in the case of bankruptcy.

Further reading

Where is IG located?

IG Market has been in business since 1947. But from where exactly did they start their operations?

Do they have many branches or just a single one? Let’s research it.

Where is IG located?

They currently service clients worldwide from 17 sales locations spread over 5 continents.

  • Europe
  • North America
  • Asia Pacific
  • Africa
  • Middle East.

They have been headquartered in the UK since 1974. The address mentioned on their website is “IG, Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA.” The US address is in Delaware.

IG US location

IG US location

Who owns IG?

IG is one of the 250 most prominent companies in the United Kingdom. But who made this possible? Who initiated the idea? Want to know? Read the below section.

Stuart Wheeler launched IG in the United Kingdom in 1974. It is now owned by IG Markets Ltd, which is part of the IG Group. It is publicly listed on the London Stock Exchange. It is also a part of the FTSE 250. It is regarded as one of Europe’s most popular CFD trading platforms.

Further reading

How to deposit funds in the IG account

When I deposited through IG, it was straightforward. I’ll tell you how you can deposit your funds in an IG account.

I have tried all of their deposit methods. You can learn and choose from my experience which method is most suitable for you.

How to deposit funds in the IG account

Here are the IG funds deposit methods

  • Bank wire transfers
  • Paypal
  • Credit cards
  • Visa
  • Debit cards
  • Mastercard

According to my experience, credit card payments are processed immediately; bank wire transfers are processed within 2 to 3 days.

How to withdraw funds from the IG account?

An IG withdrawal is made in two steps. Log in to My IG. Click “withdraw funds.”

Click on the “account” you would like to withdraw from. IG offers the following withdrawal methods

  • Bank transfers
  • Credit cards
  • PayPal

Unlike depositing, withdrawing funds can take 2 to 5 working days. I prefer to withdraw funds through Paypal or bank transfers. Withdrawals via Paypal are usually quick.

IG Deposit and withdraw funds

IG Deposit and withdraw funds

Further reading

How to contact IG?

When I used their customer support service, I was overall satisfied with them. Traders can contact IG customer care almost 24 hours a day.

Customer assistance at IG Markets is provided in several languages. Checkout by which means you can contact them.

Customers of IG may contact customer service through three primary channels:

  • Phone
  • Live chat
  • Email

Their phone customer service has greater availability than its competitors. If you are a new client, you can contact them 24 hours a day on these numbers:

  • Call +44 (20) 7633 5430
  • Toll-Free: 1800 889 539

They don’t assist from 6 am to 4 pm on Saturday (UTC+8). You can also email them at [email protected]. For me, their email service was rapid, precise, and helpful.

If you’re already a client of IG, they will assist five days a week from Monday to Friday.  Call them on these numbers:

  • +44 (20) 7633 5431
  • Toll-Free: 1800 880 754

However, I was more satisfied with their live chat response.

Further reading

Does IG offer promo codes?

IG recognizes and rewards its most valuable clients with a variety of benefits. They have always offered promo codes for the companies working with them.

But do you know how to access them? Of course, I am here to tell you.

Does IG offer promo codes?

Currently, IG isn’t offering any promo codes on their official website. But IG gives referral promo codes. Do you know what a referral promo code is?

Whenever you refer a friend from your account to open an account with IG, you share your referral code with them. From this, your friend who is opening an account for the first time will get a discount, and you will also get a discount for referring them. Isn’t it amazing?

Does IG offer bonuses?

This is the only thing that I don’t like much right now. I am glad I traded here earlier and used all their bonuses. I had never thought of using any bonus on just signing up. But here, you would regret not trading with this broker earlier.

IG does not currently provide a sign-up or welcome bonus (2022). IG does not give a deposit or no deposit incentive to first-time sign-ups. But there are still many options to access different bonuses for IG. For that, you need to keep checking their website.

Further reading

Does IG charge tax on profits?

IG does not deduct a heavy amount of fees or commissions. But yeah, still, it is not free of tax.

Honestly, I never regret earning profits on IG, even though I have paid the tax charged by it. Read more to know how and where IG charges tax on profits.

Trading is subject to capital gains tax and stamp duty. If I talk about CFDs, they aren’t subject to stamp duty because you do not own the underlying asset.

Spread betting appears to be completely tax-free. Tax is a bit of a complex subject on IG.

IG tax info

IG tax info

Further reading

How to make money with IG?

When I started, I knew a bit about this broker. I knew IG was a publicly traded firm on the LSE. So, I wanted to give it a shot, as I had read many positive reviews.

IG resolved my registration concerns within 24 hours. I was having trouble activating my account, and my account manager immediately stepped in to help. I appreciate the excellent customer service offered by IG.

My account manager was professional, and I never felt uncertain because of his extensive knowledge and skills. He then led me through the final steps of setting up my account, including depositing funds.

I found the entire process quite simple, and IG addressed any issues or questions I had. Let’s see what others are saying about IG.

saying about IG

about IG

about IG

Further reading


  1. Is IG a real broker?

Yes, and it is one of the oldest. IG was founded in 1974 and is publicly listed (LON: IGG) and licensed in six tier-1 jurisdictions, making it a safe broker for FX and CFD trading.

  1. Which brokers are better than IG?

There are many brokers that offer lower trading fees than IG and are also highly regulated. These include Interactive Brokers and TD Ameritrade. You can check their reviews here.

  1. Is IG a US broker?

IG is a London-based forex broker that provides accounts in the United States. IG’s US subsidiary works slightly differently from the parent company. For instance, spreads are higher for US traders.

  1. Does IG charge a monthly fee?

IG offers direct market access (DMA). DMA is not chargeable by IG while trading CFDs in currency or shares or when trading through a share-dealing account. You must pay a monthly exchange charge to get current DMA prices for shares listed on particular exchanges.

  1. Is IG better than eToro?

I have used both brokers, and in my view, IG outperforms eToro. IG overshadows eToro in trading platforms, trading tools, education, and research.

  1. Can you day trade on IG?

Yes, you can! Day trading on IG works like other brokers. To begin day trading with IG, you must fund your account with a minimum of £250. Aside from that, the cost of day trading will be influenced by the markets you choose to trade and market conditions.

Final thoughts

So, there you have it!  We’ve gone into the depths of IG. For me, IG outshines and outperforms plenty of forex brokers. The trading platforms are excellent, and the overall trading experience is good.

I hope this review was informative and time-saving for you. If you are looking for forex brokers other than IG, you can check the complete list of brokers here. For another regulated broker similar to IG, see OvalX.

It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.
Further reading

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