IG (Investors Gold Index) Review

IG.com Full Review

IG (Investors Gold Index) is a UK based comprehensive forex Broker that laid its foundation in 1974 by Stuart Wheeler. With over 239,000 clients worldwide, IG deals on more than 17,000 global markets and offers full excess to the currency market and support for over 80 currency pairs. IG was the first one to come up with the concept of financial spread betting that introduced online dealing. The regulation of IG entities is not restricted to one area but is operating in many localities such as the United States, United Kingdom, Asia-Pacific and South Africa and United Arab Emirates. Each regulating body has their own sets of rules and principles according to the region but their practice remains the same and fully transparent. In a market full of emerging firms, IG has made its appearance as a well-recognized company and has won multiple awards in the past.

Assets & Markets

IG offers its users multiple financial instruments to trade across a variety of markets. These mainly include Forex in which the popular forex market consists of EUR/USD, AUD/USD, GBP/USD, and USD/JPY. Users can trade in futures indices, cash indices and micro indices. There are more than 13,000 shares and Commodities, such as oils, metals and other soft commodities. Moreover, IG offers a variety of Government Bonds and interest rates options for traders along with Cryptocurrencies which incorporates Bitcoins, Bitcoin cash, Ether, Litecoin and Ripple. A user can use their own specific instrument for trading as per there will and liking.

Trading Platforms

IG provides multiple trading platforms to its customers that are easily accessible. The three core platforms are the desktop, which is a browser based, free of cost and sustainable for all sorts of users. Second one being the mobile application which can be downloaded and is optimized for iOS as well as android and users get to access the same information that is present on the Desktop version. Lastly, they have a progressive web app which provides a seamless trading platform to any of its customers without having them visit the third-party application and is fully optimized to give its users real time updates.

Apart from these three core platforms, IG offers addition specialized platforms to the professional users. ProRealTime offers advance monetary tools, allows a flexible access and is free if used four times a month. It allows trade on all the markets except for DMA. Then they offer MetaTrader4 which is sustainable for forex specialists and tradable markets also include indices, oil and major metals. Third one is called L2 Dealer, it provides a direct market access and is sustainable for advanced shares traders. Through L2 dealer, users can trade CFDs. This wide range of platform for the users makes IG one of the most user-friendly broker firm because people can access the platform that is best suited to their needs and the interface at the browser as well as the mobile application is fairly simple to operate.

Account Types

Account types offered by such firms greatly vary from one region to another and the types of market present in that specific locality. IG offers a trading account, spread betting account and a share dealing account. The minimum initial deposit starts from S/£/€300. In a trading account, trader can manage their exposure using a range of risk management tools, including stops and automated alerts. On the contrary, A share dealing account allows traders to buy and sell the actual shares of companies without using CFDs.

IG also allows it traders opening up a free Demo account which most of the brokers allow. It enables them to practice dealing with financial instruments. For traders with a portfolio of over $/£/€500,000 and a minimum of one-year experience, IG allows to open up a professional account which bears the benefits of lower margins (up to 90%), diversity of available products and cash rebates. Traders holding a professional account get the following margins:

Funding Options

IG offers three types of funding options based on their website. traders can deposit funds through Debit/ Credit card with a processing time of up to 2-5 days, bank transfer with a processing time of 3 days. Lastly, PayPal can also be used which only takes up to 24 hours to process.

Costs & Fees

IG charges its traders with a specific fee as a part of making money for the business. It charges a deposit fee of 1% on visa credit card and 0.5% on Mastercard. The Withdrawal fee is free for all other methods except for when you transfer under £100 on the same date, you get penalized with £15. IG also charges overnight funding i.e.; traders bear additional charge for funding positions to stay open overnight. A spread of 0.5 is charged for Options and CFDs traded in a currency other than the base currency of account. Some other types of fees taken by IG includes, Inactivity fee and account documentation fee.

If we're talking about spread, IG pays spread on each trade. This spread is subject to change based on the time of the day of that particular trade. In addition to that, traders pay commissions on every share CFD and also on share trades.

Online Academy

IG also offers an online academy which has several online trading courses and live session that is not extensive in nature as mostly they are offered to professionals. The courses offered at this academy ranges from the fundamentals of financial markets to trading psychology and technical analysis. The website displays a detailed schedule of sessions for each day along with timings and the name of the presenter. This feature enables the traders to get better insights of this field and help in discovering the endless opportunities through the online courses and this definitely gives IG a competitive edge over its competitors.

Customer Support

What really make or break a firm is their customer support, and just like any other website, IG has a fully operational direct customer support options which includes live chat, email, telephone and social media. They are available all around the clock from Monday to Friday and from 9 am to 5pm on weekends.

Overall Verdict

IG offers it traders a comprehensive broker service which is offering a lot of markets options. It is best for new Forex traders who are new to this field and it is totally user friendly because of its simple and clean interface. The easy-to-navigate platform caters to everyone starting from the beginners to the professionals. Moreover, IG is a well-recognized and great brokerage firm, trusted in decades. It is highly regulated in all the countries they have offices in and this quality has enabled IG to reach to a level of recognition that they are currently enjoying.

Overall OnlineTopChoice.com Rating

★★★★★

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OnlineTopChoice.com Opinions

We carefully assess each forex broker to strict standards and compare them across a wide range of criteria. Although each forex broker will always have a slightly different set of advantages and disadvantages to their platform, the assessments are based on general performance, reliability, bonuses given, and other factors which are usually found or sought after in all forex broker platforms.

Online Top Choice helped me choose exactly the right platform that suited me best. As a beginner, that little extra help and information to get started was closer than I thought.

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An excellent service and it came just at the right time. After several unsuccessful attempts at a previous unknown forex platform, this was what I needed. Thank you Online Top Choice!

- Patrick R. Los Angeles CA

Choosing the right platform that I will stay with for a long time made me nervous. And with so few good comparison sites for Forex, I thought I'd never decide... until I stumbled upon Online Top Choice.

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