IG Markets Review

For each his own

Pros

  • Low prices
  • Wide range of trading instruments
  • Both good stock and CFD broker
  • No monthly fee
  • Regulated bank

Cons

  • Not very known in the UK

Introduction

IG Markets claims to be a world leader in CFD and option trading. This broker is known for its very large product range and wide selection of advanced platforms and apps. With a foundation date of 1974, it is one of the oldest brokers. They have more than 178,000 customers worldwide and offer access to more than 16,000 markets. Reliability and customer involvement are two strengths of IG Markets. In 2019 IG even won the prize for best international CFD broker.

IG Markets focuses on customers who want to trade in the financial markets via CFDs, turbo certificates or options. These leveraged products offer opportunities to invest in both rising and falling markets. However, recently the offer in shares has grown considerably which makes it also a good share dealing broker.

Target audience

IG is a broker with a very broad target group. Because of their wide range of platforms, you can choose from both user-friendly and the more advanced platforms. With their wide range of education and large product range, IG is suitable for both beginning and experienced investors.

Is IG Markets reliable?

IG Markets is a very reliable broker. Your money is kept at a separate custody company, which ensures that your money is always safe in the event of bankruptcy of IG Markets. The company is even listed on the stock exchange, indicating that it is very reliable. This broker is regulated by the Financial Conduct Authority (FCA). The FCA maintains strict regulatory measures, known as the client money and ownership rules (Client Assets Sourcebook - CASS). IG Europe GmbH is regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). The BaFin supervises compliance with the relevant rules for protecting client funds (§84 WpHG, §16 MiFID, §10 WpDVerOV). In the highly unlikely event that IG Markets goes bankrupt, your assets are guaranteed up to £85,000.

Trading instruments

IG focuses primarily on investing in CFDs, options and forex. In addition, it is possible in the United Kingdom to buy shares or ETFs. It is not possible to trade with bonds or funds. The offer in shares consists of all important UK shares and a few smaller shares. At IG Markets you can trade CFDs in forex, stocks, indices, ETFs, commodities, bonds and crypto currencies. The range of CFDs is huge as you can see below.

CFDs selection:

Forex

0
pairs

Stocks

0
#

Cryptos

0
#

Commodities

0
#

Indices

0
#

ETFs

0
#

Trading platform

IG Markets has a varied range of investment platforms available. Special apps have been developed for mobile phones and tablets.

  • Web-based platform: the platform is very user-friendly and suitable for both starting and experienced investors. It is a very beautiful and intuitive platform. You can easily set it up to your own wishes and you can choose from a dark and light layout. You can create watch lists and the search function is ideal. All necessary order types are available, and there are many different alerts that you can set. A unique feature is that you can even automate your trades in the web trader. The trading platform works best on Google Chrome and for correct graphs you need Adobe Flash Player. In short, this is one of the best platforms that an investor could wish for.
  • Trading apps: there are trading apps available for both android and apple devices. Just like the web trader, the apps are user-friendly and everything is available to invest quickly and easily on the move.
  • MetaTrader 4: with IG Markets you can also use the universal MetaTrader 4. MetaTrader 5 is not yet available.
  • Advanced platforms: for the highly active investors or day traders, IG Markets optionally has a number of advanced platforms available, such as Direct Market Access (DMA) and APIs.

Fees and commissions

The rates for investing in shares at IG markets are generally lower than with other stock brokers. You pay a custody fee of £24 per quarter, but your paid commissions are deducted from this. This means that you do not pay a service fee if you invest regularly.

Spreads

CFDs on indices are fairly low, while forex and equity spreads are relatively high. Another plus is that the inactivity allowance of £18 per month only starts after 2 years. With other brokers this is often already after 3 months.

Demo account

IG Markets also has a free demo mode available. Get to know the advanced trading platform here so that you are ready for the real thing.

In short

IG Markets excels in their professional trading platforms and very wide range of investment products. In addition, they are reliable, customer-oriented and offer a great deal of education. This broker is therefore ideal for both starting and experienced investors.

£ 0
per year*
  • Professional platform
  • Good education
  • Customer service
  • High minimum deposit

# Active investors

178,000

Money guaranteed

£85,000

Reliability

5/5

Securities lending

No

Mobile app

Minimum deposit

£450

Fees

4/5

Shares

£3 – £8

Options

£0.10

Leveraged products

Futures

Funds or trusts

£8

ETFs

£8

Telephone order

£40

Service fee

£24 PQ – paid commissions

Forex

CFDs

Cryptocurrencies

Customer service

5/5

Education

5/5

Usability

4/5

Trading platform

5/5

Bank transfer

Credit card

PayPal

Comparison table for share dealing brokers

£ 0
per year*
  • Low fees
  • Investment product range
  • Analysis functionalities
  • Securities lending

# Active investors

400,000

Money guaranteed

Full credit

Reliability

4/5

Securities lending

Yes

Mobile app

Demo account

Minimum deposit

£1

Fees

5/5

Shares

£1.75 + 0.014%

Options

€0,75

Leveraged products

£1.75 + 0.014%

Futures

€0.75

Funds or trusts

€0-€7,50+0,10%

ETFs

€2 + 0.03%

Telephone order

£8.50

Service fee

€0

Forex

CFDs

Cryptocurrencies

Customer service

4/5

Education

3/5

Usability

5/5

Trading platform

4/5

Bank transfer

Credit card

PayPal

£ 0
per year*
  • Ideal for fund investments
  • Fundamental research
  • Limited technical research
  • Monthly fee

# Active investors

300,000

Money guaranteed

£85,000

Reliability

5/5

Securities lending

No

Mobile app

Minimum deposit

£1

Fees

4/5

Shares

£7.99

Options

Leveraged products

Futures

Funds or trusts

£7.99

ETFs

£7.99

Telephone order

£49

Service fee

£9.99 PM

Forex

CFDs

Cryptocurrencies

Customer service

5/5

Education

2/5

Usability

5/5

Trading platform

4/5

Bank transfer

Credit card

PayPal

£ 0
per year*
  • Professional platform
  • Good education
  • Customer service
  • High minimum deposit

# Active investors

178,000

Money guaranteed

£85,000

Reliability

5/5

Securities lending

No

Mobile app

Minimum deposit

£450

Fees

4/5

Shares

£3 – £8

Options

£0.10

Leveraged products

Futures

Funds or trusts

£8

ETFs

£8

Telephone order

£40

Service fee

£24 PQ – paid commissions

Forex

CFDs

Cryptocurrencies

Customer service

5/5

Education

5/5

Usability

4/5

Trading platform

5/5

Bank transfer

Credit card

PayPal

£ 0
per year*
  • Many trading instruments
  • Advanced platform
  • Inactivity fee
  • High minimum deposit

# Active investors

100,000

Money guaranteed

€100.000

Reliability

5/5

Securities lending

No

Mobile app

Minimum deposit

£600

Fees

4/5

Shares

0.10% min. £8

Options

$0.85

Leveraged products

Futures

£3

Funds or trusts

0.10% min. £8

ETFs

0.10% min. £8

Telephone order

£50

Service fee

0.12% min. £12 PM

Forex

CFDs

Cryptocurrencies

Customer service

3/5

Education

4/5

Usability

4/5

Trading platform

5/5

Bank transfer

Credit card

PayPal

* Estimated annual costs with £10,000 one-time investment, £100 monthly investment and an average investment profile. Investing involves risks of losses.

Comparison table for CFD brokers

£ 0
minimum storting
  • Low spreads
  • Good education
  • Trading instruments
  • No price alerts

# Active investors

200,000

Reliability

4/5

Trading platform

4/5
  • MetaTrader 4
  • MetaTrader 5
  • Social platform
  • Type of investor

Allround

  • Functions

Average

  • Mobile app

Spreads

Low

Spread EUR/USD*

1.7

Tradable assets

1,300

CFDs in shares

1,200

CFDs in forex

57 pairs

CFDs in cryptocurrencies

5

CFDs in commodities

15

CFDs in indices

18

CFDs in ETFs

Loss-making investors

74%

Customer service

4/5

Education

5/5

Usability

4/5

Inactivity fee

£5 PM after 3 months

Bank transfer

Credit card

PayPal

£ 0
minimum storting
  • Variable spreads
  • Goede education
  • Higher spreads in MT4
  • Inactivity fee

# Active investors

100,000

Reliability

4/5

Trading platform

5/5
  • MetaTrader 4
  • MetaTrader 5
  • Social platform
  • Type of investor

Allround

  • Functions

Professional

  • Mobile app

Spreads

Low

Spread EUR/USD*

1 – 3

Tradable assets

2,100

CFDs in shares

2,000

CFDs in forex

55 pairs

CFDs in cryptocurrencies

CFDs in commodities

19

CFDs in indices

26

CFDs in ETFs

52

Loss-making investors

75%

Customer service

5/5

Education

5/5

Usability

4/5

Inactivity fee

£25 PM after 3 months

Bank transfer

Credit card

PayPal

£ 0
minimum storting
  • Professional platform
  • Daily analyses
  • Customer service
  • High minimum deposit

# Active investors

180,000

Reliability

4/5

Trading platform

5/5
  • MetaTrader 4
  • MetaTrader 5
  • Social platform
  • Type of investor

Allround

  • Functions

Professional

  • Mobile app

Spreads

Low

Spread EUR/USD*

0.6

Tradable assets

12,600

CFDs in shares

10,500

CFDs in forex

95 pairs

CFDs in cryptocurrencies

8

CFDs in commodities

47

CFDs in indices

68

CFDs in ETFs

1.900

Loss-making investors

76%

Customer service

5/5

Education

5/5

Usability

4/5

Inactivity fee

£18 PM after 2 years

Bank transfer

Credit card

PayPal

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.