IG Review

1.773 • 174 REVIEWS
Updated: Oct 30, 2023
IG.com
IG is a forex broker. IG offers the WebTrader and MT4 trading currency platforms. IG.com offer over 100 forex currency pairs, cfds, commodities, stocks, index, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

Was at IGMarkets.com.  Other websites of this company include IGForex.com, IGIndex.co.uk.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 200:1
Minimum to Open Live: $250
Established: 1974
Address: Cannon Bridge House, 25 Dowgate Hill, London, EC4R 2YA, United Kingdom
Contact: helpdesk@ig.com, (44) 207 896 0079
Regional offices:
Regulators: ASIC #AFSL 220440, FSCA #FSP 41393, DFSA #F001780, FCA #195355 / 114059, NFA #0509630
Prohibited countries: Show all >>
Trading platforms: MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
Web Trading: βœ… Yes
Mobile Trading: βœ… Yes
ECN: βœ… Yes

Trading Instruments

Currencies: (105+)
Cryptocurrencies: (10+) Bitcoin, Litecoin, Ethereum
CFD: (16000+) Gold, Silver, Stocks, Stock Indexes, Bonds, Bond Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: βœ… Yes
News Trading: βœ… Yes
Scalping: βœ… Yes

Managed Accounts & Social Trading

MAM: βœ… Yes
PAMM: βœ… Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, PayPal
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, PayPal
* Please check broker website for more information
1.773 • 174 REVIEWS

Recent User Reviews of IG

J
J
L, USA,
Sep 22, 2020,
Guest

Bad

Service use: Other Length of use: 0-3 Months
I can not log into my account whatsoever. Customer service dosen't seem to exist either. Just another poopy broker..
M
mustafaalhafiz
United States, USA,
Sep 5, 2020,
Registered user

Scammers

Service use: Live Length of use: over 1 Year
They closed my position without breaking their margin policy!
I will let them pay for it. I am a USA based customer!
F
Forexsniper
Nevada, USA,
Sep 2, 2020,
Registered user

Shoddy Broker!

Service use: Live Length of use: 3-6 Months
Too much slippage. Not EA friendly. Spreads are all over and with a larger account no bennies for trading a larger account or from USA. Simply not impressed with the standards or service. Also no metals trading. Missed the moves on gold! IG = instant gangbang to your account balance like market making. Buyer beware.
1 trader has found this review helpful
L
lmabiz
hesse, Germany,
Aug 25, 2020,
Registered user

customer service nearly non-existant

Service use: Other Length of use: Have not used
I wanted to create a live account with quite a bit of capital - I had some questions and I have only had one email asking me to ring them back. I really wanted someone to answer my questions via email. I have not heard a thing - I think they are not interested in having new customers ! Now, I have read all the comments here I think it is a blessing in disguise.
2 traders have found this review helpful
X
Xena
Germany, Germany,
Aug 7, 2020,
Guest

Ghost Trading

Service use: Live Length of use: 0-3 Months
Ig Bank Open a Trade in xauusd. I can’t close this trade. I contact the customer service but nothing. The trade is still alive. You can see the open trade only if you choose the direct account of if. You don’t see it in the meta trader. Or you check your paper statement. I think it is not serious. I close the account.
2 traders have found this review helpful
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Frequently Asked Questions

Is IG Broker good?

IG is regulated by the US NFA, Australia's ASIC, The UK FCA, and more.

The best way to answer if IG is a good broker is to read the unbiased traders reviews on ForexPeaceArmy: https://www.forexpeacearmy.com/forex-reviews/109/ig-forex-brokers

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

Additionally, we recommend that you check recent IG community discussions: https://www.forexpeacearmy.com/community/tags/igcom/

Is IG broker regulated?

IG is registered with multiple regulators around the world, including the NFA in the US, the FSCA in South Africa, the FCA in the UK, ASIC in Australia, and the DBFSA in the United Arab Emirates.

What is IG forex?

IG.com is a forex trading broker, allowing clients to trade and invest in global currency markets 24 hours per day, 5 days per week.

Is IG Forex legit?

IG is regulated in multiple jurisdictions worldwide. It is still a good idea to check the unbiased trader reviews for IG.com at Forex Peace Army: https://www.forexpeacearmy.com/forex-reviews/109/ig-forex-brokers

Service provided by a broker can get better or worse over time, and checking the FPA reviews is a fast way to see how a broker is performing now.

What is the minimum deposit for IG trading?

The minimum deposit for IG is $250 for debit cards. To deposit:
  • go to IG.com and login to MyIG
  • select Live Account tab
  • select Deposit Funds

How long do IG withdrawals take?

  • Bank withdrawals from IG should take about 24 hours or less. International bank wires take longer.
  • IG Withdrawals to credit card should be credited within 2-5 business days.
  • PayPal withdrawals usually only take a few minutes, but can sometimes take up to 24 hours.

How much leverage does IG offer?

IG offers leverage as high as 200:1 for forex pairs.

Please be aware that the leverage may be less depending both on the currency pair and on which of IG's regulators your account is under.

Is IG Academy free?

IG broker offers trading education called IG Academy. Forex trading courses and webinars in IG Academy are free.

What is IG Investment?

IG UK offers the IG Investment type of account.

This account allows dealing in stock shares; choices range from fully self managed to IG managed Smart portfolios.

What is IG spread?

IG broker offers spreads as narrow as 0.8 pips. Spreads will vary based on the currency pair, account type, and market conditions.