IG Group Review and Rating 2018
What is IG and what do they offer?
For more than 40 years by now, IG belongs to the global market leaders in online trading. Its regulated offers include more than 10,000 tradeable securities.
Within one single account, the clients trade Indices, Shares, Forex, Digitals, Bitcoins, Commodities, Options, Bonds and more. Never before trading on international markets has ever been so easy.
IG being part of the IG Group Holdings Plc is well-known for its award-winning service, its highly competitive charges, its advanced and innovative tools for online trading, its outstanding training options and its excellent reputation being based on multiple global awards and the company's trustworthiness for being officially authorized and regulated.
Back in 1974, IG Index was founded as the world's very first financial spread betting company offering investors an innovative method to speculate on gold.
Since then, this London-based pioneer in the trading business went through continuous further developments and ongoing innovations to change the face of trading - always according to the requirements of modern times to stay on top all through the years. For example, in 1998 IG offered the first online trading service and in 2008 it was the very first company in the business that allowed trading via iPhone.
Now, with more than 40 years of proven success and experience, IG belongs to the market leaders in the U.K., in Australia, in France, in Singapore and in many other countries.
Today this powerful international organization is able to present a debt-fee balance sheet, to prove its constantly strong growth and to present its strength in stability and resources.
And the figures speak for themselves. Already in 2016, IG had more than 150,000 active clients all over the world, 15 international offices and 1,400 staff members working for IG and it reported a quarterly average of more than 7 millions transactions, a trading revenue of £456.3 millions per year and a market cap of £2.9 billions.
IG's State of the art trading technology
Professional investors and traders appreciate IG for its outstandingly fast, efficient and reliable platform that belongs to the most customer friendly websites in the business and that combines highly competitive charges with advanced tools.
IG's tools and methods are constantly updated and improved to fulfill the requirements of the further development of the market and to meet the needs of their clients at every time.
The clear design of the platform makes it easy to navigate through the many useful features while the latest features are always added as soon as they appear in the market. This enables the users to handle fast and well informed trade executions.
The main trading platform of IG is web-based and the IG's clients also have full access when they are using smartphones or tablet devices of all kinds. Beside this, since 2013, IG also offers the so-called MetaTrader4 (MT4) platform that gives the users the opportunity to run a desktop or mobile version of the software.
- iPhone & iPad
- Android mobile & Android tablet
- Windows phone & Windows tablet
Best in class Trading Platform
IG's web-based trading platform with its well organized layout makes it easy for the investors to place their order directly by using computers, laptops or mobile devices.
As soon as the users are logged in, they can see account balance details, like e.g. the equity, ongoing profits and losses and even more account-related points in the top row of the screen where most of the sections and categories are listed for a perfect general overview.
By clicking on the respective section in the chart window, the traders will find a big choice of many helpful categories, like e.g. alerts, technical analysis tools, drawing functions, various layouts and different time frames.
Regarding the charts, one of the most advanced opportunities are the new icons appearing on a historical timeline making it possible to compare the current market prices with news events of the past and with the complete history of the chart.
In the tools section of the platform, IG's clients will find an especially advanced charting tool that is called ProRealTime. This one offers charting solutions for all kinds of markets with two third-party providers – Auto Chartist and Trading Central – adding even more information.
Another example for the significantly advanced technology that IG uses is the opportunity to place individual alerts with a choice of 22 different indicators.
Overall, IG's award-winning trading platform includes the following tools and features:
- Free essential and mobile charts
- A highly advanced market screener
- The possibility of fast and reliable trading executions that even meet the needs of actions under time pressure
- Automatic trading alerts that help the users to react immediately to the latest market news
- Integrated access to the ProRealTime charts
- Automated trading fitting with the user's individual strategy and schedule
- Multi-venue technology to reach the best possible prices
Resarch tools & advanced analysis with IG (click to enlarge)
Beside the competitive charges and the big choice of products to trade that IG offers, two of the main advantages of this experienced provider using the know-how of more than 40 years are the highly advanced analysis section and the extent of the research content that you will find on this platform.
For example, this offers research in the shape of an economic calendar containing divided payments, company earnings, IPOs and stock splits. In addition to this, there are a market screener and market data that may easily be adjusted to the user's needs and preferences and streaming news from Reuters.
The research tools for shares provide essential data, like e.g. a price to earnings relations, the capitalization of the market, divided yields, yearly fiscal earnings per share and returns on the investment.
With the help of a scale, all of the parameters may be filtered and specified fast and user-friendly. Forex traders will appreciate the macroeconomics news tab while the other options for research are most useful for share and for CFD brokers.
All of the research tools open in a new tab while the user section stays being active and the user is still logged in.
The market data section of the platform refers to the user's country and location to provide him with specified news for his area and interest.
IG - Products, services and prices
IG offers its users all that is really needed for professional trading – and even more – for fair commissions without any hidden charges and combined with a fast and easy way of handling the platform.
- Digital 100s
- Interest Rates
- Sunday trading
IG – Free Demo Account
Before interested traders and investors have to make their final decision if the online trading platform that IG offers will really meet their needs, they have the opportunity first to have a try with the free demo account enabling them to practice without any costs or risk. This helpful feature offers the following:
- Practice in trading with $20,000 of virtual money, also being available by using IG's free mobile and tablet apps
- Access to prices, charts and other features on 24 hours a day
- Fast navigation between news, charts and tickets for virtual investments
- The possibility to adjust the interface to the user's individual trading style and methods
In addition to this, there is a free platform review including a “Welcome Video” explaining the most important functions and features.
IG - Charges and Fees
When the user will have decided to sign in to IG, he can be sure that all charges and fees are completely transparent and that there will be no additional hidden charges.
There is even the opportunity to start with a live account with only £250 that may be highly interesting for beginners and also for professional traders who want to test the platform before investing more.
The highly competitive charges for volume traders are commission-based. For online Forex trades only a deposit of £1,000 is needed for IG which is significantly less than you have to invest for accounts with comparable competitors.
When it comes to CFD trading online, the IG users trade on margin having the choice between different ranges of international stock indices. These are the minimum spreads:
Of course these are just examples, but you can find all detailed fees on IG's website. Here, the users can be sure only to pay the costs they are shown before and they can trust a simple commission structure and flat, low currency fees.
For example, the commission of $8 per trade on Australian shares belongs to the lowest of all in Australia.
Starting from US$10 per trade, the users can trade more than 7,000 international shares on major indices.
Beside this, IG only charges a flat rate of 0.3% on currency conversions – with the option to avoid these costs by using a multi-currency account.
IG - Additional Services
IG – Free Education
IG offers impressing options of free education to support their users in improving their trading skills benefiting from IG's more than 40 years of experience in the business. These options are created for beginners as well as for active traders. They include:
- Educational courses in the shape of written guides and videos for every level of skills to start with the markets, to get completely familiar with the platform and to gain better knowledge
- Interactive live webinars for beginners and for professionals being presented by IG's Chief Market Strategist Chris Weston (These so-called “Trading Masterclasses” are focused on current happenings connecting real tradings with possible further developments during the next few days. Every webinar ends with an intense Q&A session and with a discussion. All you have to do to take part is to sign in for a free demo account. Then you can watch recordings of the last webinars and you can register for the upcoming ones.)
- IG Academy app (This combines the free download of the app with a step-by-step course to learn how to use it most effectively.)
- Free glossary of trading terms on the platform
IG – CFD Introduction Program
This gives new users the opportunity to trade with less risk while they learn more about the basics in CFD trading platforms and CFD trading online.
During the first two weeks after signing in, they only pay 50% of the regular trade size with a minimal online commission of $1.
IG – Customer Support
The professional, high quality and friendly customer service of IG is available on 24 hours a day from Monday to Friday.
It is also possible to contact the customer service via live chat.
IG – Community
Every live account holder and everybody who signed in for a demo account has access to the IG community where IG clients discuss trading and the markets.
Here the users share their knowledge, ideas and experiences, they learn more about all available services and products, they will be the first to get to know new features and products and they may earn rankings, badges and prizes for the best contributions.
IG – What else may be interesting?
Traders who are interested in sports may like it to get to know that IG Australia is partnering with the Melbourne Football Club, one of the world's oldest professional football clubs.
Since IG became their proud sponsor, you will find IG's logo on the coaching staff and on the players' training tops. IG in the U.K. is the official sponsor of the Harlequins Rugby Union.
IG – Are they registered and regulated?
IG belongs to the best registered and regulated trading platforms of all, giving the users more safety and confidence.
For example, IG is regulated by the Australian Securities and Investment Commission (ASIC) and by the Financial Conduct Authority (FCA) of the U.K.,- with the register number 195355 (IG Markets Limited) and with the register number 114059 (IG Index Limited).
IG – Awards
IG introduces itself as an award-winning platform – and it proves this with a long list of awards on the website.
For example, in 2015 IG has won the “Stockies Award for the Best CFD Provider” for the seventh year in a row and the “Stockies Award for the Best Forex Provider” for the third year in a row .
In addition to this, it is constantly recognized for its outstanding tools for mobile trading.
Beside this, IG calls itself the world's #1 spread betting and CFD provider. This is based on the number of active U.K. financial spread betting accounts (Investment Trends U.K. Leveraged Trading Report October 2016) for CFDs, based on the revenue excluding FX (published financial statements, October 2016).
Instead of using a blog, you can ask the IG community for further testimonies and you can read a big number of press releases about IG on the platform.
Top 9 advantages of IG
One of the world's best registered and regulated online platforms
More than 40 years of experience in the business with a great international reputation are making IG trustworthy and reliable
The clear design of the web-based platform makes it easy to navigate through it – for professional traders as well as for beginners
The users also have full access to their account via smartphone or tablet - where ever they are and all around the clock
Transparent and highly competitive prices without any hidden charges
Free demo account for beginners to practice with virtual money before making the decision to sign in
Free education opportunities for beginners and also for professional traders
Reduced fees during the CFD introduction program
IG Review – My personal summary
As one of the most popular and well-known global market leaders in online trading, IG combines transparent value-priced trades with advanced and helpful tools for analyzing and for research and with a well designed trading platform that makes it easy to navigate through it.
The fees and commissions may be checked at the platform and there are no hidden charges. The products, the tools and the customer service are on a very high level being based on more than 40 years of experience in the business and they are still constantly improved.
The good overview and the speed of the trade execution are additional advantages of this platform.
Especially CFD and Forex traders will find access to most of the existing markets while IG requires a much smaller minimum deposit than its competitors. So, IG is also a perfect option for beginners and for traders with a lower budget.
The advanced features are easy to handle and the clients have the opportunity to use all features of this award-winning platform on their computer or on their smartphone or tablet.
This way, the users have always access to reliable real-time market data and research tools and they receive helpful real-time alerts that they can adjust to their individual preferences.
The service team is available and ready to help via live chat, by e-mail and on the phone – on 24 hours from Monday to Friday. In addition to this, the users have the opportunity to support each other in the IG community.
It is also important that IG is proved by the high number of traders using this platform and by the awards mentioned above.
Without any doubt, IG belongs to the leaders in the competition and the many free options for education are another significant plus in the market.
IG | Main advantages
- Transparent and highly competitive commission-based fees for trading
- Fast and easy execution of trades on the well designed platform
- Reliable, powerful tools and alerts to analyze the market
- 40 years of experience being used in the constant progress and improvement
- Free demo account and CFD introduction program for beginners
- Access to a big range of markets, currency pairs and multi-asset CFDs
IG | Main disadvantages
- Research tools opening in a new window so that the users have to switch between these tabs and the main platform for trades
- No easy handling to adjust the size of the platform windows to a permanently user-friendly layout
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