The most popular instruments under this category include Germany 30, US 500, FTSE 100, US Tech 100, France 40, Italy 40, and Australia 200, among others. Traders can benefit from the broker’s unique deep liquidity, which enables them to place large orders seamlessly. IG’s MetaTrader 5 platform is a multi-asset trading platform that supports trading Forex, stocks, and futures with a comprehensive set of advanced tools. It offers a flexible trading system with various order types and execution modes, alongside professional technical and ig group review fundamental analysis features. The platform also supports algorithmic trading through trading robots and Expert Advisors, as well as copy trading for users who prefer automated strategies. With mobile and web versions available, traders can access the platform anywhere with seamless integration.
Through strict fund segregation, trusted banking partners, and regulatory compliance across multiple jurisdictions, IG offers a trading environment where client protection is the highest priority. IG is a reliable broker offering Contracts for Difference (CFDs) and competitive spreads on over 70 trading instruments. Regulated by two tier-1 authorities, IG boasts a trust score of 96 out of 100, reflecting its high level of credibility.
- He is a forex industry expert and an active fintech and crypto researcher.
- The charts in IG’s app are my favorite from among all brokers, due to the extensive range of available features.
- But, you should bear in mind that you’ll often be trading currency with leverage, which will reduce the initial amount of money that you’ll need to open a position.
- What’s more, you’ll get lower minimums for one month while you master the markets.
Insights from Real Traders
IG share trading gives access to 12,000+ shares from global stock exchanges including the ASX, DOW, NASDAQ and London Stock Exchange. Across these major exchanges, you can start trading not only large companies such as those listed on the S&P 500 can be traded but also many small caps. An IG share trading account has some limitations on stock exchanges such as Germany and Ireland, where only large companies can be traded.
Charts, however, are superb on mobile, and sync seamlessly with the web platform. Our researchers open personal brokerage accounts and test all available platforms on desktop, web, and mobile for each broker reviewed on ForexBrokers.com. A trusted multi-asset broker, IG is publicly traded and regulated across the globe. I’ve been reviewing IG for over six years, and I still continue to be impressed by IG’s all-around fantastic trading experience. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. Your key payment for trading CFDs on forex is the spread – the difference between the buy and the sell price – our charge for executing your trade.
(see our IG U.K. share dealing review), Germany, and Australia to access international stock exchanges, via its share trading account. In addition to forex options, IG offers exchange-traded Turbo warrants as part of Spectrum, its Multilateral Trading Facility (MTF) in Europe, and listed derivatives in the U.S. via tastytrade. While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken by forex traders to earn a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile – which is something to be aware of before you start forex trading. You should familiarise yourself with these risks before trading on margin. A trading platform is computer software which market participants can use to research, place, monitor and edit trades with a broker or other financial intermediary.
- Practise trading forex on a demo account, in an environment with reduced risk.
- As one of the oldest and most respected forex brokers in the industry, IG was founded in 1974 under the name IG Index.
- Open one today, and you’ll get access to over 15,000+ financial markets.
- As of its annual report for the financial year ending May 31, 2022, IG has over 2600 staff, servicing over 358,000 active clients globally across its regulated entities in the UK and internationally.
If you choose to spread bet, then you should expect a minimum spread of 010%. Spread betting has the lowest costs of CFD, Shares, however, is the riskiest method of investment. No, IG allows you to open an account without making an immediate deposit.
Everything you need to trade the markets
Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. A diverse range of funding methods is available, including Visa and Mastercard debit and credit cards, Wise, PayPal, and crypto such as Bitcoin or Ethereum. IG Group operates local offices and support in several countries across Europe, Asia, Australia, North America, Africa, and the Middle East.
Forex is always traded in pairs which means that you’re selling one to buy another. The forex market is open 24 hours a day thanks to the global network of banks and market makers that are constantly exchanging currency. The main sessions are the US, Europe and Asia, and it’s the time differences between these locations that enables the forex market to be open 24 hours a day. Traders make a prediction on forex pairs to profit from one currency strengthening or weakening against another. When the price of a pair is rising, it means that the base is strengthening against the quote and when it’s falling, the base is weakening against the quote. Currencies are traded in lots, which are batches of currency used to standardise forex trades.
Trading forex with IG
We always try to improve the integrity of our prices and reduce your transaction charges. Seize your opportunities with a cutting-edge platform built around your needs. However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party independent of IG.
Popular Forex Broker Reviews
1 #1 Overall Broker, #1 Mobile App, #1 Trust Score, #1 Education, #1 Web Platform are accolades presented to IG, parent company of tastyfx, on January 28, 2025, during the ForexBrokers.com 2025 Annual Awards. Accolades were awarded by the ForexBrokers.com research team based on demonstrated excellence in categories considered important to investors, traders, and consumers. Commission-free forex trading starting at 0.6 pips.2 Access to unscripted support 24/5. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority. When you trade CFDs you do so with leverage – meaning you can win, or lose, a significant amount more than your initial deposit – called your margin. Forex trading is the buying and selling of currencies on the foreign exchange market with the aim of making a profit.
CFD trading
Their web platform lets you build a customized trading space in the same way as most desktop platforms, laying out windows and information screens to meet your specific trading patterns. Positions held overnight will be charged a margin fee to cover the costs involved with holding this position open. If you have not traded in 24 months, IG begins charging a monthly inactivity fee of $12. Depending on which currencies you are trading, conversion fees may apply and IG typically charges 0.5% for this. IG is part of IG Group, which has worked in the forex markets since 1974. This is worth calling out at the top of this article, because forex can be a difficult marketplace.
Perhaps most interesting is the If/Then order, which allows users to establish paired stop and limit orders. This allows you to build a sort of mini-algorithm for your own trading, albeit one with just two commands. In the fast-moving world of foreign currencies, that has enormous value. Our research confirms that IG is highly trusted, backed by its public listing and authorisation by eight Tier-1 regulators, including ASIC, MiFID, and the FCA.
IG delivers a high-performance platform experience tailored for every level of trader. We advise you to carefully consider whether trading is appropriate for you based upon your personal circumstances as you may lose more than you invest. You are advised to perform an independent investigation of any transaction you intend to execute in order to ensure that transaction is suitable for you.
Working with an adviser may come with potential downsides, such as payment of fees (which will reduce returns). There are no guarantees that working with an adviser will yield positive returns. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Take greater control over your dealing with built-in access to a range of advanced third-party platforms. We use 256-bit SLL (secure sockets layer) encryption, the industry standard for online financial transactions – from PayPal and eBay to high street banks.
We offer more than 80 currency pairs – from majors like GBP/USD, to exotics like HUF/EUR. When you trade with us, you’ll be predicting on these forex pairs rising or falling in value with CFDs. These make use of leverage, which enables you to open a larger forex trade with a small upfront deposit (called margin). However, this means your losses as well as profits can far outweigh your margin amount as they are calculated based on the full position size, not just your margin. If you’re new to the markets, you might want to choose a desktop online trading platform. If you prefer to trade on the move, you might choose a smart phone or tablet trading app.
This has resulted in 1.8 million points of positive slippage to clients, which is equivalent to nearly £3.3 million that were passed on to IG traders. The most popular feature of the core platform is that it allows IG shares trading. This allows you to trade shares across stock exchanges in Australia, the USA, Ireland, Germany and the UK. The combined forex and share trading CFD accounts solution means that IG customers can benefit from an all-in-one financial services solution. Their most popular platform is their own ‘core platform’ which is browser-based spread betting and CFD web platform designed for on-the-go FX traders as no downloads are required.
It is committed to securing an appropriate degree of protection for consumers and enhancing the integrity of the UK financial system to promote effective competition in the interests of consumers. Additionally, the IG community offers an open social trading network that allows retail traders to interact with each other and learn from experienced traders. CFDs are a leveraged instrument, so only the margin needs to be invested to gain full exposure to the trade. In terms of online visibility, IG receives around 97,080 Google searches per month, ranking it as the 21st most popular forex broker based on 2024 data.