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IG Index Review

2.9
2.9/5
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Highlights
  • Established History: IG was founded in 1974, making it one of the oldest and most established brokers in the forex industry.
  • Global Presence: With over 300,000 clients and offices across five continents, IG boasts a strong global presence.
  • US Clients: IG accepts U.S. clients albeit for forex only
  • Regulatory Compliance: IG US is regulated by top-tier entities like the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC).
  • Trading Platform Variety: Offers a variety of trading platforms including IG Web Trading Platform, IG Mobile App, and MetaTrader 4.
About
  • Established: IG was founded in 1974, marking it as one of the oldest brokers in the forex industry.
  • Domicile: The company is headquartered in London and operates across five continents.
  • Ownership: IG is part of the publicly traded IG Group Holdings plc, listed on the London Stock Exchange as LSE:IGG. Mike McTighe is the Chairman, and June Felix is the CEO of the company.
Rating
2.9
2.9/5
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

Overview

Overview of IG Index IG Index, founded in 1974, is a leading forex and CFD broker with a rich history and expansive global reach. It’s part of IG Group Holdings PLC, listed on the London Stock Exchange, and caters to over 300,000 clients worldwide. The broker is known for its extensive product range, competitive trading environment, and robust regulatory compliance. IG Index’s platform is designed to accommodate both moderately experienced traders and professionals, offering tools and features that align with various trading goals.
Category Details
Tradeable Assets Forex, Indices, Shares, Commodities, Cryptocurrencies (not for UK retail investors), Bonds, ETFs, Options, Industry Sectors, Interest Rates
Min Deposit $250
Forex Majors Spread Minimum spreads for major currency pairs include: EUR/USD: 0.8 pips USD/JPY: 0.8 pips GBP/USD: 1.0 pip AUD/USD: 1.0 pip
Regulators CFTC US, NFA US, ASIC, JFSA, MAS, FINMA, BaFin, Deutsche Bundesbank, FMA, Cyprus Securities and Exchange Commission, FSCA (South Africa), Bermuda Monetary Authority
Trading Platforms MT4, ProRealTime, IG Platform, L2 Dealer
Funding Methods Bank transfer, Credit/Debit Card, PayPal
Currency Pairs 82 pairs including major, minor, Australasian, Scandinavian, exotic, and emerging market pairs
Available Leverage Up to 1:50
Broker Type Market Maker, Dealing Desk
Founded 1974
Country United Kingdom
Free Demo Account Yes
Clients Accepted Global, with some exceptions due to regulatory restrictions
Pricing System Spread-based
Inactivity Fee Yes

Introduction

History of IG Index

Where does IG Index Operate

Investment Offering

Trading Platforms

IG Index Account Types

Accepted Countries

Copy Trading Features

Deposit & Withdrawals

IG Index Spread and Commissions

IG Index Fee’s and Costs

Unique Features

IG Index Regulation and Security

Research and Education

Customer Support

IG is a global financial services provider that offers customer support through various channels depending on the region. In the UK, clients can reach out to the company’s representatives through a toll-free phone number. The phone lines are open from 8 a.m. on Saturday to 10 p.m. on Friday. Live chat is also available during platform operating hours to assist both prospective and active clients. Additionally, email, social media, and a comprehensive FAQ section are available for customer support. In case of a complaint, IG has a well-documented customer complaint procedure in place to assist with grievance resolution. The online customer support team is available in several languages, which caters to a broader client base. Moreover, IG has satellite offices available to support licensed operations in different regions.

For the US region, IG provides customer support services through a 24/5 telephone line, email, or X client help. The website also has well-organized and informative FAQs and support pages. These resources help clients get answers to their questions quickly and efficiently. The support pages contain detailed information on account management, trading, and technical issues. Clients can also find information about deposits and withdrawals, platform features, and other account-related queries. With these resources, clients in the US region can get the help they need to navigate their IG accounts with ease.

The Bottom Line

Others

Table of Contents

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading spread bets and CFDs with this provider.