IG Forex Broker
What Is IG?
IG is a forex broker which invented spread betting in 1974 and now offers spread betting, options, CFDs and turbo24s. It is listed on the FTSE250.
The company has more than 45 years of history in the financial services sector and is based in Ireland. Remember there is a high risk of losing money as 75 percent of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Traders can buy and sell thousands of shares and ETFs or choose a managed wealth portfolio.
IG is regulated. It is authorised by the Financial Conduct Authority (FCA), BaFin and Deutsche Bundesbank. It has 17 sales offices in five continents.
What Can I Trade on IG?
You can trade the following on IG:
Vanilla options
Barrier options
Forex
Stocks or Shares
Indices
Commodities
Cryptocurrencies
Specialist markets are also available, including:
IPOs
Interest rates
Economic sectors
If you’re interested in trading more than just forex, IG offers economic sector transactions. Those include Aerospace and defence, Banks, Beverages, Chemicals, Electricity and Equity Investment instruments.
IG also specialises in Option trading. Options are derivatives which give you the right to buy or sell an asset at a certain price on a certain date. The most common type of option is the Vanilla option. Options are traded on forex pairs, indices, shares and commodities. Opening an account at IG is free.
IG Pricing
IG charges trade spreads from 0.4 points on the major FX pairs like EURUSD, one point on major indices like the FTSE 100 and 0.1 points on Spot Gold. Be careful to read the fine print because there are additional charges for keeping trades open overnight.
IG has a policy of restoring negative balances to zero, so risk management is a consideration for this company.
Education and Research
The IG Academy has training courses for beginners to learn how to trade forex. Courses include an Introduction to the Financial Markets, How Does Trading Work and Orders, Leverage and Execution.
IG’s education programme includes articles on Fundamental Analysis and how asset prices rise and fall and how to know the difference between price and value.
If you’re interested in investing in derivatives traded on Chinese assets, you can learn about the Chinese ETFs offered on IG’s trading platform.
Also included in the course and articles is information on how to trade using robots, a guide to investing for millennials and a guide about what is investment management.
To view the courses you have to be a member of the IG Academy.
IG has a policy of restoring negative balances to zero, so risk management is a consideration for this company.
Pros
* Long history in financial services
*Options and FX trading
*Specialised markets trading
Cons
*Limited trading options for US traders
*Customer service could improve
*Some security issues on mobile app
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IG’s education programme includes articles on Fundamental Analysis and how asset prices rise and fall and how to know the difference between price and value.
If you’re interested in investing in derivatives traded on Chinese assets, you can learn about the Chinese ETFs offered on IG’s trading platform.
Also included in the course and articles is information on how to trade using robots, a guide to investing for millennials and a guide about what is investment management.
To view the courses you have to be a member of the IG Academy.
IG has a policy of restoring negative balances to zero, so risk management is a consideration for this company.