Score

8.20 /10
Good

IG

United Kingdom

Above 20 years

Regulated in Australia

Market Making(MM)

MT4/5 full license

Regional Brokers

High potential risk

Capital Ratio

Great

Influence

AAA

Influence

E

Comparison
Website

Score

License Index9.53

Business Index9.19

Risk Management Index0.00

Software Index8.58

Regulatory Index9.51

The WikiFX Score of this broker is reduced because of too many complaints!

Capital Ratio

Great

Influence

AAA

Influence

E

Website
Comparison

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open for free
Citibank, N.A.
Morgan Stanley

Contact number

English

+44 (20) 7633 5430

Chinese (Simplified)

+61 (3)9860 1776

Spanish

+34 917 87 61 57

Broker Information

More

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2022-10-03
  • The number of the complaints received by WikiFX have reached 14 for this broker in the past 3 months, please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
Unable to withdraw

Unable to withdraw

On friend’s recommendation, I downloaded IG and deposited 30 thousand yuan under the guidance of the teacher. Within 1 to 2 hours, I profited 320 thousand. Then the teacher told me to deposit 30 thousand to offset the risk. Having operated for several times, I applied for the withdrawal. On the afternoon of next day, my account was frozen in wake of wrong bank information. The service asked for 20% margin, i.e., 71848 yuan, as unfreezing fee, which I felt like a trap. I have negotiated with the service for days. On May 30th, the service asked me to contact SEC and cleared my account.

2020-05-31 14:10
Unable to withdraw

IG modified clients’ information maliciously.

1. IG asked me to pay 20% margin, i.e., 70272 yuan, claiming that my bank information was wrong. 2. The service said that my credit score was insufficient, asking me to pay raise 20 score with 5000 per score. After paying 100 thousand yuan, I was asked to pay extra 30 thousand yuan since my score is 94 now. 3. I was asked to pay 64710 yuan for individual tax. 4. The margin needed 123268.4 yuan, of which 36268.4 was charged since I hadn’t added a remark. 5. The compulsory insurance needed 100 thousand yuan. 6. The handling fee needed 17517.57 yuan. After finishing the above 6 steps, the service asked me to deposit 100 thousand to refund me 200 thousand yuan. After doing so, I was asked for 50% unfreezing fee, i.e., 123268.4 yuan to get the balance 446536.8 yuan. I have been plunged into abyss. Hope you at least refund me half of the fund.

2020-05-25 10:07
Scam

IG refuse to open account after provide the documents requested!!!

After opening an account there and submit all the necessary and required documents i received an email saying to be approved i must call IG. After many attempts, i was able to speak with a Spanish representative, and she mentions in order to be approved i need to contact the gentleman Pablo Castrillo. After another session of calls, i finally spoke with him and he mentions i need to send more documents in order to be approved. I confront him replying i have sent all the documents required by your website, to which he replied "my analyst needs more documents". I ask him for information about his analyst, he refused to disclose it. I sent several emails to support i never got an answer!! Finally, i got a rude answer from Pablo which i post here. Finally saying, IG has many factors to be a scam!

2021-06-25 05:46
Unable to withdraw

Heavy losses caused by index and order recommendation given by Zhenming Xu in IG Markets !

Heavy losses caused by index in IG Markets ! Its teachers is responsible?Teacher gives order recommendation to cheat all your fund! Nowadays, there are more and more scam platforms in finance market,even 10 times or so than legit ones! Since each platform has different natures,it’s difficult to distinguish the legit ones.Hardly could you extricate from their pitfalls as long as you fell into.Those scam platforms pockets you money by manipulating the market to make you suffer constant losses until bankrupt!If you want to withdraw money without trading,it will get ugly and tamper with your account,thus leading to various kinds of institution including fund frozen,failure to log in,high service charge to withdraw money,etc.! Exposure platform:IG Markets Product:US30,FTSE 100 and Australia 200 index Evidence:one-to-one order recommendation,limitation on position and instructions on large position Teacher:Zhenming Xu In the middle of this April,I was pulled into a stock-exchange group by a netizen.In the group,teacher Zhenming Xu analyzed the stock market,recommended bull stocks and taught on stocks everyday.Since I contacted stocks before,I haven’t taken precautions.The teacher,whose skill was amazing,said that the market is not goog and induced us to invest futures with recommendations on...

2019-09-09 16:13
Unable to withdraw

Unable to withdraw

I don’t know when I added this netizen. One day, I surfed her moments and talked to her actively. She explained that she was trading short-term currency, which was profitable. She said that a teacher took her to operate, with a threshold of 30 thousand yuan. I contacted the service and deposited 33000 yuan. The teacher guided me to trade, with balance becoming 300 thousand. I wanted to make a withdrawal, while he said that my account needed to be tested. Te result showed that I needed do the risk management, and another 30 to 50 thousand was asked for. After I did so, the withdrawal was available. But 24 hours passed, it was yet to be received. The system showed that I needed to pay 25316.6 yuan rollover and then 60 thousand or so individual tax. At that time, I realized that I had been cheated.

2020-06-05 15:12
Resolved

Fraud

In September this year, she (Mr. Football) joined me on WeChat through the Lanxi Chefs Exchange Group. I added her (Mr. Chef) as my friend on October 31st. She was cheated by a foreign exchange trading network platform. At first, I saw her. The foreign exchange sent by Moments is making money, and there is a mentality to try. The other party said that investing 20,000 to 50,000 is enough to earn 3 to 5 times the principal, and the profit is a 10% commission paid to their company, so I will invest 50,000. Therefore, through the introduction, she gave me a download platform, which can transfer funds to private accounts. I asked her customer service department that the charging channel is under maintenance. At around 3 pm on December 21st, use our designated chat tool. Hey, I bought pound and dollar fluctuations with other coaches. The time is the 60s. I did not follow up in the middle of the round and said I wanted to make up 74700. So I said I had no money, and the other party told me that she helped me. Can you borrow money? The next night, she said that she lent me 25,000 yuan and I personally collected 50,000 yuan. Starting from the evening of the 22nd of the second round of data calculation, I don't know why two wrong rounds were performed, but the data did not match, and I had to say it again. This time I didn’t have any money, nor did I have money to cover the position, so I went to withdraw the next day and found that the fund account was frozen. I contacted the customer service, and the customer service said that as long as there is money, if the payment has been made in full and not frozen, you can withdraw cash. . The other party contacted her and she said it was to help me find a solution. Their team borrowed another \25,000 and helped me recharge. I added 37,550 yuan myself. After turning in the frozen funds, I went to withdraw cash, but I still could not withdraw cash. The customer service department stated that this was due to credit score.

2021-02-11 13:44
    Sources

    News

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    2022-08-30 17:16
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    NewsWikiFX had an exclusive interview with IG Group – one of the most trusted brokers in 2022.

    In today’s article, WikiFX has the pleasure of interviewing IG, a reputable broker with almost 50 years of experience. We believe that through our interview with IG, you will gain a better understanding of it and the current forex market in general so that you can avoid mistakes when trading forex as much as possible.

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    2022-08-26 15:12
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    NewsDeveloping Good Money Habits in the Trading Profession

    Forex is the best option since it enables a person to get all of the advantages without jeopardizing his or her balance. It is critical for a person's success to develop habits that are helpful to their financial resources. In this post, WikiFX will discuss certain habits to cultivate that are useful not just in forex trading but in other aspects of life as well. Individuals who wish to improve should read this article since we will give numerous strategies on how to increase their performance by harnessing the power of their thoughts.

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    2022-04-28 16:45
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    NewsWikiFX report: Fitch Affirms IG Group and IG Markets at 'BBB-'; Outlooks Stable

    Fitch Ratings has affirmed IG Group Holdings PLC's (IG Group) and IG Markets Limited's (IG Markets) Long-Term Issuer Default Ratings (IDR) at 'BBB-'. The Outlooks are Stable.

    WikiFX
    2022-04-27 17:28
    WikiFX report: Fitch Affirms IG Group and IG Markets at 'BBB-'; Outlooks Stable

    NewsDefinition of Year-Over-Year (YOY)

    Year-over-year (YOY), also known as year-on-year, is a popular financial comparison used to compare two or more quantifiable events over a year.YOY performance may be used to determine if a company's financial performance is increasing, stable, or decreasing. For example, you may read in financial reports that a certain company's sales grew on a year-over-year basis in the third quarter for the past three years.

    WikiFX
    2022-04-22 16:09
    Definition of Year-Over-Year (YOY)

    NewsIG Markets and IG Index Post Solid FY21 Revenue, Profits

    The group earlier reported a 52 percent jump in year-over-year pre-tax income.

    WikiFX
    2021-08-03 10:05
    IG Markets and IG Index Post Solid FY21 Revenue, Profits
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