IG Markets Broker Review

IG Markets may be a market leader with over 40 years’ experience in CFD and Forex trading. it had been established in 1974 as an alternate and innovative way for retailers to take a position on gold prices. Over the years, IG has changed the face of trading with its secure, debt-free, and well-capitalized record , and continuous growth. it’s a worldwide presence and holds a number one position in countries like France, Australia, UK, and Singapore.

Online trading Brokers in South Africa

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IG has fast execution speeds including excellent customer service. IG’s trading technology focuses on the speed, stability, and achieving improved pricing for the Forex traders. UK’s Financial Conduct Authority (FCA) authorizes and regulates the IG markets. FCA takes under consideration the local capital requirements in areas where IG markets operate. Opening an IG account is straightforward and takes a couple of minutes. There are free demos and other resources that traders will find helpful.

IG Markets Features

Trading Options

IG may be a leading broker of varied assets that each professional trader needs. Besides being Forex brokers, IG deals with CFD trading, shares, stocks, spread betting, bonds, indexes, ETF’s, commodities and options.

Supported Platforms

IG traders have access to the L2 dealer, ProReal Time, and therefore the MetaTrader4 platform. It also supports web trader and mobile applications on Windows, iOS, and Android for smartphone and tablets versions.

Available Accounts

There are two sorts of accounts:

• Standard account for ordinary traders with a minimum trade of$1 and maximum of $300
• Premium accounts / high net worth traders account which is right for knowledgeable traders.

Deposit and Withdrawal Options

There are three core funding options for the currency traders which include:

• Credit cards: Visa and Mastercard are often used for deposits and withdrawals. However, there’s a 1.5 percent service fee .
• Debit cards: There are not any charges for the MasterCard open-end credit . Visa, debit cards users, incur a 0.5 percent service charge
• bPay: bPay may be a convenient way of receiving or withdrawing funds. Traders incur no cost but need to await 2-3 working for clearance.

Bonuses and Other Special Features

IG offers free accounts for brand spanking new traders on the platform.

Also, there are incentives for referrals. There are bonuses for traders who prevent themselves from withdrawing their funds till they achieve a particular milestone.

Pros

• A broad range of currency pairs, markets, and multi-asset CFDs which makes it versatile
• IG offers competitive commission-based pricing and spreads
• The platform has comprehensive real-time exchange data and research tools for straightforward trading
• It is licensed in major regulatory jurisdictions making it secure and trustworthy
• Excellent 24/5 customer service via email, live, or phone

Cons

The spreads and costs are high in some cases e.g. within the MT4 trading platform which ends up in great losses
The Direct Market Access isn’t available on all the financial products and wishes activation

Conclusion

There are only a few CFD and Forex brokers which will match the high standards shown by IG markets. IG features a big selection of trading platforms and assets.