IG Review

1.773 • 174 REVIEWS
Updated: Oct 30, 2023
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

Gary Thomas
Aug 2, 2006,

IG is finally getting their act together and beefing up the FX offering. New Technology which is based on the same type of Java like FXCM, ACM and others use is implemented. Frankly I do not understand why it has taken a firm of that size so long to figure out the basics of client FX. I am happy camper with them now.
Aug 21, 2006,

I used to use IG until it was obvious they didn't like me winning, and I was on the phone to them re: every trade complaining. Always, they would say it was a mistake on their part, but as a customer you get very tired of their deliberate mistakes. They have a slippage policy, no matter what. They drop you out of positions or out of positions depending on how it suits them. If you try to take a market price is will be held, then rejected and the platform is such that to get another price, isn't worth it. They are typical of all SBs in the UK, ie a betting firm where they set the rules completely, and the customer is at their mercy.
Nov 20, 2006,

I used IG for 3 years. I can say that their trading platform is one of the best in the business, however I strongly recommend for the first few months to go in with a low value per point and keep your limit low ( say 1 pound a point with a limit of 50 or 75). WHY? well, the platform is very unstable at price sensitive moments or times of high volume.You can easily get caught up in a negative wave without having access to your position! I know this sounds wierd but you have to get use to dealing with THEIR PARAMETERS. Just make sure that while you are learning the platforms vulnerabilities, cover yourself with low bets per point. While disadvantageous and crooked,I still found it useful in covering myself with long bets(say predicting wall street is gone be lower in 2 months time). BEWARE, this method must carry with itself a sizeable margin,say, 400 points also it must be a big enough bet since you are going to wait a little while to cash in. overall, at the beginning as a novice to their platform I lost heavily. however once I got the hang of it, I found that by sitting behind the keyboard for long stretches at a time and be extremely disciplined,you can do some damage. Final word is fantastic platform when it works the way it should,but be VERY CAUTIOUS.
Mar 24, 2007,

They are great broker if you are losing money. But as soon you start making some money, you will constantly get no fills or the price is no longer unavailable. They are complete waste of time.
Apr 19, 2007,

When IG obtained clearance from MAS (Monetary Authority Of Singapore)to set up shop in Singapore, I had my misgivings after reading the negative postings on this site. To get clearance from MAS is never an easy process. Years ago, we blocked the BICC from operating in Singapore despite the former British Prime Minister, Mr. Heath coming here to talk on BICC's behalf. Since IG managed to get thru, I thought they might have turned over a new leaf, and to be fair I made no comments when a friend finally signed up with them. 2 trades later, my friend threw in the towel. The first trade had a slippage of over 50 pips. And that was not even a NFP trade. The next day, they slipped him again for 22 pips in another trade. This company is an absolute scam. If they can do this in Singapore under the nose of the MAS, just imagine how much more they will they do so in countries with less rigid financial regulations.
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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.