Abstract:IG was founded in 1974 in London, U.K. is the world's first broker to provide CFD trading opportunities for investors and has opened 17 sales offices through five continents. IG currently holds the full license of the Australian Securities and Investments Commission (license number: 220440), the full license of the UK Financial Conduct Authority (license number: 195355), the retail forex license of the Japanese Financial Services Agency (license number: 9010401051715), the full license of the New Zealand Financial Markets Authority (license number: 18923), and the retail forex license of the Monetary Authority of Singapore.
General Information & Regulation
IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). IG was founded in 1974 in London, U.K. is the world's first broker to actually built the concept of financial spread betting that introduced online dealing as early as in 1998. IG headquartered in London (UK) and including operations in the USA, Australia, Japan, New Zealand, registered among European countries and Singapore.
Regulatory Information
IG Markets have 9 entities under stringent regulation in their own jurisdictions:
IG MARKETS LIMITED, authorized and regulated by the Australia Securities and Investment Commission (ASIC), with Regulatory License No. 220440
IG AUSTRALIA PTY LTD, authorized and regulated by the Australia Securities and Investment Commission (ASIC), with Regulatory License No.515106
IG Markets Limited, authorized and regulated by the Financial Conduct Authority (FCA), with Regulatory License No.195355
IG証券株式会社, authorized and regulated by the Financial Services Agency (FSA) in Japan, with Regulatory License No. 9010401051715
IG US LLC, authorized and regulated by the National Futures Association (NFA), with Regulatory License No. 0509630
IG MARKETS LIMITED, authorized and regulated by the Financial Markets Authority (FMA), with Regulatory License No. 18923
IG ASIA PTE LTD, authorized and regulated by the Monetary Authority of Singapore (MAS), with Regulatory License Number Unreleased.
IG Limited, authorized and regulated by the Dubai Financial Services Authority (DFSA), with Regulatory License No. F001780
Market Instruments
IG claims that it offers a wide range of tradable financial instruments for global investors, over 17,000 instruments, including Forex, indices, CFDs on stocks, digital cryptocurrencies, options trading for investors to choose from.
Minimum Deposit
IG seems only offer a basic account, and this broker requires no minimum initial deposit, which means investors can fund their IG account any money to start trading with this broker. Most other brokers would, in most cases, ask a minimum depsit of $100 ~$200 to open a standard account.
IG Leverage
European traders are allowed to use a maximum leverage of up to 1:30 under the EMSA regulation, while other entities can see a significant increase of trading leverage up to 1:200 for forrex trading as Australia brokers allow.
IG Spreads & Commissions
The minimum spread is around 0.6 pips on the EURUSD pair, 0.6 pips for AUDUSD, 0.9 pips for GBPUSD, 0.9 pips for EURGBP, 0.3 pips for spot gold, 2 pips for spot silver, 0.5 pips for emerging market indices, 2.8 pips for Brent crude oil and 2.8 pips for US light crude oil. Stock CFDs commissions: The minimum commission for US stocks is 2 cents per share per side(minimum $15), 0.18% for Hong Kong stocks (minimum HKD15), 0.10% for UK stocks (minimum £10), and 0.08% for Australian stocks (minimum AUD$7).
IG Trading Platform
IG offers traders an award-winning trading platform that makes trading faster and smarter, featuring an online trading platform, a trading app, a tablet app, an MT4 trading platform, and ProRealTime advanced charting. The web-based platform allows traders to open, close, and adjust positions more quickly in just a few seconds, split charts to view the same market in multiple time frames simultaneously, and upgraded smart mode to automatically save trade sizes and stop-loss levels. ProRealTime's advanced charts cover price, volatility, and more than 100 other indicators, allowing you to trade directly from the charts, including setting buy and sell orders.
Deposit & Withdrawal
IG forex supports deposits by VISA, MASTERCARD credit cards (1% fee for Visa deposits and 0.5% for Mastercard deposits), VISA, MASTERCARD debit cards (free of charge for deposits), and Hong Kong dollar transfers to the company's HSBC bank account in Hong Kong.
Customer Support
IG customer support services can be reached through several methods, including live chats, social media, available on Phone 24h . Traders absolutely covered by responses to queries in different languages, since the variety of offices truly represents all variety of nationalities and countries.