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

May 18, 2009,

Attention Singapore FX Traders:
If for any reasons you give notice of termination of your account @ IG Markets and the balance of your deposit has not been immediately returned to you, go up the MAS office and make a complaint. (a 48-hour delay is too long) IG Markets will give your a cock and bull story about having to notify their London office. Don"t believe them...just go up the MAS office and lodge a complaint.
Dec 30, 2009,

Never made any $ with IG. Stop loss is always hit no matter how far u put it. Its crazy. Even the buy stop n sell stop level will be hit simultaneously!! Thats mad. U will be searching the charts where the price was hit but will never find them. Puredeal platform hangs alot n u cant execute trades immediately. I was told since IG is a dealing desk, they work for their clients to win so that we the customers lose our $$$. I m closing my acc.
Nw Jersey, USA,
Apr 20, 2020,
Registered user

Service use: Demo Length of use: 0-3 Months
Established a demo account to reacquaint myself with MT4 trader and successfully used it for a week. But on Monday I attempted to resume trading but got the notice "No connection" I attempted numerous times to contact them by Email but received no response at all. I even discarded the original Mt4 and reloaded it only to be told my account was invalid; again I received no response.
Since this is indicative of their service I will go elsewhere
Sydney, Australia,
Mar 26, 2015,

They are market maker, by definition, they make price and offer to you. I worked in IT industry before, if you think they have people and software specifically targeted on yourself. I would say it is impossible. They are the largest CFD provider and they have thousands of accounts. It would be impossible to find someone to do the job. Also, it would be too costly to develop a software to target on your position except you are a gigantic client. What I can think of is they can see everybody's stop and limit. For example, if EURUSD is trading at 1.2050, and say 50% of clients place stop order around 1.20 zone. They could make price spike up or down to get you out. It is theoretically easy to do.

2015-03-02 4Star Honestly, I ve heard this broker is doing stop loss hunting, but I ve never had any of those. I made money with them. The best thing about them is they take deposit and withdrawal very quickly. I ve done quite a few withdrawals with them, the longest time I wait is 2 business days. The most efficient in australia, I reckon. I ll rate them 4 stars, 1 star short is because their charting software is not free of charge. though rebatable if you place more than 4 trades a month.
Riyadh, Saudi Arabia,
Mar 30, 2017,
Registered user

withdrawal !!!

This is the brooker of the dinosaur era
It has been ten days since the withdrawal request
So far I have not received any money
I was planning to invest more than $ 30,000 with them, now I'll look for another broker
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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.