IG Index Review

4.6
Rated 4.6 out of 5
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

IG

Highlights
  • Top-tier trust: founded in 1974, listed on the London Stock Exchange (FTSE 250) and regulated by the FCA, ASIC, MAS, FINMA and other tier-one authorities.
  • Huge market range: over 19,000 markets, including about 97 forex pairs, 12,000+ shares and ETFs, and spread betting for UK clients.
  • Strong platforms: IG’s own web platform and app, plus MT4, MT5, TradingView, ProRealTime and L2 Dealer.
  • Competitive pricing: around 0.9 pips on EUR/USD, with a DMA account for high-volume traders.
About
  • Founded: 1974, headquartered in London
  • Listed: London Stock Exchange (IGG), FTSE 250
  • Markets: over 19,000, including forex, indices, shares, commodities, crypto and options
  • US clients: forex through tastyfx, a CFTC-regulated IG company
Rating
4.6
Rated 4.6 out of 5
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Affiliate disclosure: AlphaInvestors may earn a commission if you open an account through links on this page, at no extra cost to you. Read our affiliate disclosure.

Overview

IG is one of the oldest and most trusted brokers in the world, with a London Stock Exchange listing and licenses from regulators on every major continent. It offers a huge range of markets, excellent platforms and fair pricing. It is a strong choice for almost any trader, with the main gaps being no built-in copy trading and fees for long-dormant accounts.
Category Details
Tradeable Assets Forex, indices, shares, ETFs, commodities, crypto, bonds, options, spread betting (UK), share dealing
Min Deposit Effectively none (from £1 or equivalent for retail accounts)
Forex Majors Spread Around 0.9 pips on EUR/USD (standard account)
Regulators FCA (UK), ASIC (Australia), FSA (Japan), MAS (Singapore), FINMA (Switzerland), FMA (New Zealand), DFSA (Dubai), BMA (Bermuda), CFTC/NFA (US, via tastyfx)
Trading Platforms IG web platform, IG app, MetaTrader 4, MetaTrader 5, TradingView, ProRealTime, L2 Dealer
Funding Methods Bank transfer, debit and credit cards, PayPal (some regions)
Currency Pairs About 97 currency pairs
Available Leverage Up to 1:30 on major pairs for retail clients in the UK, EU and Australia; varies by region
Broker Type Market maker, with DMA available on forex and shares
Founded 1974
Country United Kingdom (London)
Free Demo Account Yes
Clients Accepted Most countries, with local entities in many regions. US clients use tastyfx for forex.
Pricing System Spread only on standard CFD and spread betting accounts; commission on DMA
Inactivity Fee Yes

Introduction

IG has been in business since 1974, when it started as a spread betting firm in London. Today it is a FTSE 250 company with licenses from regulators across Europe, Asia, Australia, Africa, the Middle East and North America, and it consistently ranks at or near the top of independent broker comparisons. ForexBrokers.com named it the best broker overall in its 2026 awards.

This review covers IG’s costs, platforms, range and safety, checked in October 2026. IG offers different products depending on where you live, so the details below focus on its main CFD and spread betting accounts.

History of IG

IG started in 1974 as Investors Gold Index, letting people speculate on the price of gold without buying it. It went on to pioneer financial spread betting in the UK, moved online in the late 1990s and listed on the London Stock Exchange in 2005.

Since then it has expanded into share dealing, ISAs, options and crypto, launched forex for US clients through tastyfx, and bought the US brokerage tastytrade. In 2025 it added an underlying crypto exchange alongside its crypto CFDs.

Where does IG Operate

IG runs local companies in many of its markets, each under its local regulator:

  • UK: IG Markets Ltd and IG Index Ltd, authorized by the FCA
  • EU: served through an EU entity under MiFID rules
  • Australia, Japan, Singapore, New Zealand and Switzerland: local entities regulated by ASIC, the FSA, MAS, the FMA and FINMA
  • Middle East: a DFSA regulated entity in Dubai
  • South Africa: IG closed its South African rand accounts in 2025. See our guide to the best forex brokers in South Africa for FSCA authorised alternatives.
  • United States: forex through tastyfx, regulated by the CFTC and a member of the NFA

The products, leverage and protections you get depend on your local entity.

Investment Offering

IG has one of the largest ranges of any retail broker, with over 19,000 markets:

  • Forex: about 97 currency pairs
  • Indices: all major benchmarks, plus IG’s weekend and out-of-hours prices on some
  • Shares and ETFs: over 12,000 as CFDs or spread bets, plus real share dealing in eligible regions
  • Commodities, bonds and interest rates: a wide selection
  • Crypto: 30 crypto CFDs, plus underlying crypto in some regions
  • Options: on indices, forex and shares

UK clients can also use spread betting, which is free of capital gains tax under current UK rules, and IG Invest for commission-free share dealing, ISAs and SIPPs.

Trading Platforms

  • IG web platform and app: IG’s own platforms are polished and fast, with good charting, alerts and the full market range.
  • MetaTrader 4 and MetaTrader 5: for Expert Advisors, though with fewer markets than IG’s own platform.
  • TradingView: trade directly from TradingView charts.
  • ProRealTime: advanced charting and automated trading for £30 a month, refunded if you place four or more trades that month.
  • L2 Dealer: direct market access for forex and shares, aimed at professionals.

Few brokers offer this many serious platform choices.

IG Account Types

  • CFD account: the standard account in most countries, spread-only pricing.
  • Spread betting account: UK and Ireland only, with tax-free profits under current UK rules.
  • Forex Direct (DMA): tighter spreads, around 0.55 pips on EUR/USD, plus commission from $6 per round-turn lot, falling with volume. It needs a larger balance.
  • Professional account: higher leverage for qualifying clients, with fewer protections.
  • Share dealing, ISA and SIPP: real investing accounts in the UK and some other regions.

A free demo account is available, preloaded with virtual funds.

Accepted Countries

IG accepts clients from most countries, usually through a local entity. US residents cannot open IG CFD or spread betting accounts, but they can trade forex through tastyfx and futures and options through tastytrade. Spread betting is limited to the UK and Ireland, and some products, such as crypto CFDs for UK retail clients, are restricted by local rules.

Copy Trading Features

IG does not offer copy trading. There is no built-in social or mirror trading service, and IG has closed its old community forum. If you want to copy other traders, you could run MetaTrader signals on IG’s MT4 or MT5 accounts, but brokers such as eToro, AvaTrade and XM have far more developed copy trading tools.

Deposit & Withdrawals

IG accepts bank transfers, debit and credit cards and, in some regions, PayPal. There is effectively no minimum deposit for retail accounts, and IG does not charge for bank transfer deposits or standard withdrawals. Check IG’s payments page for your country, since card fees and limits vary by region.

Withdrawals are processed back to your original payment method, and bank transfers usually arrive within a few business days.

IG Spread and Commissions

  • Standard CFD and spread betting: spread only, around 0.9 pips on EUR/USD on average, a little wider around the daily rollover
  • Forex Direct (DMA): around 0.55 pips on EUR/USD plus $6 per round-turn lot, dropping to $3, $2 and $1 at higher monthly volumes
  • Share CFDs: commission-based, varying by market

For a broker with IG’s level of regulation, these prices are competitive. Active forex traders can get close to raw-spread pricing through the DMA account.

IG Fees and Costs

  • Inactivity fee: £12 a month (or the local equivalent) after 24 months with no trading
  • ProRealTime: £30 a month, refunded if you place four or more trades in a month
  • Live share price data: a monthly exchange fee for some live share prices
  • Overnight funding: charged on leveraged positions held past the daily cut-off
  • Guaranteed stops: a premium is charged only if a guaranteed stop is triggered

The inactivity fee only kicks in after two full years, which is more generous than most brokers.

Unique Features

  • Out-of-hours and weekend markets: IG quotes some indices and forex outside normal hours, including weekend prices on some markets.
  • Guaranteed stop losses: lock in your maximum loss on a trade for a premium if triggered.
  • Spread betting: tax-free trading for UK clients under current rules.
  • Trade Live with IG: live market coverage that replaced IGTV.

IG Regulation and Security

IG is about as safe as retail brokers get. It is regulated by top-tier authorities including the FCA, ASIC, MAS, FINMA, the FMA and Japan’s FSA, its US forex business is CFTC regulated, and the group is listed on the London Stock Exchange, so its finances are public and audited. ForexBrokers.com gives it a Trust Score of 99 out of 99.

  • Client money is held in segregated accounts.
  • UK, EU and Australian retail clients get negative balance protection and 1:30 leverage caps on major pairs.
  • Eligible UK clients are covered by the Financial Services Compensation Scheme.

Research and Education

Research is strong. You get Autochartist and Acuity trading signals, a TipRanks share screener, client sentiment data and daily coverage through Trade Live with IG. Note that IG no longer runs DailyFX, which used to be its main research brand.

The IG Academy offers around ten structured courses for beginners and intermediate traders, along with webinars. It covers the basics well, though independent reviewers note the course list has not grown much recently.

Customer Support

IG offers support by phone, email and live chat, with round-the-clock coverage on weekdays for trading queries and local support teams in its main markets. The online help center is detailed and covers most account and payment questions.

The Bottom Line

IG is one of the best all-round brokers available. You get top-tier regulation, a London Stock Exchange listing, more than 19,000 markets, a strong set of platforms and fair pricing. UK traders also get spread betting and real share dealing in the same place.

The gaps are small: no copy trading, an inactivity fee after two years, and fewer markets on MetaTrader than on IG’s own platform. If safety and range matter to you, IG should be near the top of your list.

Others

IG is a London-based broker founded in 1974 and listed on the London Stock Exchange. It offers over 19,000 markets, top-tier regulation, a strong platform lineup and spread betting for UK clients. It has no copy trading, but for safety and range it is one of the best brokers available.

Table of Contents

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Affiliate disclosure: AlphaInvestors may earn a commission if you open an account through links on this page, at no extra cost to you. Read our affiliate disclosure.