Abstract: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.
Background
As we know so far, forex trading is considered one of the most profitable businesses in the markets. However, it is hard for investors to make money without the assistance of forex brokers. There are hundreds and thousands of forex brokers in the markets. But how do you know which kind of brokers are reliable? To help investors better understand the foreign exchange market, we are delighted to declare that WikiFX recently launched a new interview column. WikiFX will select some of the biggest and best-known brokers in the forex industry for exclusive interviews. The content of the interviews will be released to the public in the form of articles. We believe that through these interviews, investors can greatly deepen their understanding of the brokers being interviewed and thus gain better judgment in forex trading.
In todays 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 many as possible.
About WikiFX
WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.
IG on WikiFX APP
About IG
Founded in 1974, IG Group is an established constituent of the FTSE 250. Having nearly 50 years of experience in leading the market gives it a huge advantage over its competitors. Its been recognized as a pioneer in its field, having invented a whole new category of trading in its year of inception, spread betting. Today, this London-based online trading company offers a wide range of products and has a global footprint, with offices in 20 countries across five continents and a client base of over 400,000 traders worldwide.1
IG International Limited (or IG) is part of IG Group, and its ultimate parent company is IG Group Holdings Plc. The leading online broker has built a comprehensive catalog that numbers over 18,000 global financial markets to trade on an award-winning platform2 using contracts for difference (CFDs), such as:
Forex: trade from over 90 currency pairs including EUR/USD with spreads from just 0.6 points and USD/JPY from 0.7.
Commodities: seize opportunities in crude oil, US oil, palm oil at competitive spreads, and gold from a 0.3-point spread.
Indices: access over 80 indices including US indices like Wall Street and the US Tech 100 and other popular markets like our Hong Kong HS50 and Taiwan Index.
Cryptocurrencies: go long or short on bitcoin, ether, dogecoin, and more without a need for a crypto wallet.
Shares: take your position with CFD on around 12,000 international shares like Tesla, Apple, Meta, and Microsoft.
Today, the company is the worlds No.1 CFD provider.3 Get an IG account and discover a world of benefits.
· Go long or short flexibly on thousands of markets
· Access 24-hour4 and weekend trading on select markets
· React instantly to price changes with fast execution with deep liquidity
· Keep your funds safe with negative balance protection
· Protect your trades using guaranteed stops with no slippage5
Youll also benefit from expert trade ideas and market analysis, free educational resources, and 24-hour support4 to enhance your trading experience. Visit the IG website to learn more about the company and its services.
Regulation
IG Group is authorized by many regulatory institutions from the regions in which they operate, such as:
· Financial Conduct Authority (FCA) in the UK
· National Futures Association (NFA) in the US
· Japanese Financial Services Agency (JFSA)
· Monetary Authority of Singapore (MAS) in Singapore
· Australian Securities and Investments Commission (ASIC) in Australia
· Bermuda Monetary Authority (BMA) in Bermuda
IG places a high premium on the security of client funds. It gives clients a transparent overview of how their money will be handled on its website, so you will always know that your funds are safe.
Your money is held in segregated client bank (independent trust) accounts at regulated banks
Your money and assets (shares, for example) are never merged with IGs own money or assets
Licensed to conduct investment business by the Bermuda Monetary Authority
Your money and assets are ring-fenced from creditors in the unlikely event that IG goes into liquidation
IG doesnt use your money for business activities, including for hedging trades with other counterparties (or as margin for our own hedging trades)
IG and WikiFX
Recently, IG has joined forces with WikiFX to better serve traders around the world. As an authority in our field, WikiFX is delighted to bring you this interview from a representative of IG.
Paul Stevens (Head of Emerging Markets at IG)
Interview Q and A with Paul Stevens:
Q1: As we all know, IG is the global leader in online trading and has a 47-year heritage. What has made – and continues to make – IG so successful?
Throughout our history we‘ve looked to innovate and use up to date technology to enhance our client’s trading experience, to the extent that Champion the Client is one of our Group values. Combining years of experience, being an international FTSE250 listed company and numerous global licences with top tier regulators creates a brand our clients can trust. For me these are two critical elements to choosing a broker, and we‘re a stable highly regulated international business and putting our client first, so that’s why they continue to trade with us.
Q2: Why is IGs business model different to its competition and how does this benefit clients?
We don‘t make our money from clients’ losses. That‘s a key differentiator between us and some of our competitors. Thanks to our internal hedging mechanisms we will manage our exposure to client trading and make a profit from trading fees. For this reason, it’s in our interest to have successful traders as clients so that they continue to trade, thats why we provide so much education and content to assist them.
Q3: What is IGs strategy for the next couple of years?
Our Group purpose is “powering the pursuit of financial freedom for the ambitious” so that very much drives what we are looking to do in the future. We‘re continuing to grow our global footprint, we recently acquired tastytrade in the US for example. As a global fintech, we’re always looking to enhance the client trading experience with additions like our Trade Analytics tool which provides feedback on trading strategies. We currently offer over 18,000 markets but were still growing that range, as we look to fulfill all the trading needs of our clients.
Q4: What made IG decide to partner with WikiFX?
I really like how WikiFX wants to put clients first and ensure that they are given all the information they need before choosing a broker. We operate in the same way with our trading products, we like to be open and transparent on how we operate to drive the best outcome for a client and give them all the tools, education, and analysis necessary to make them successful.
Conclusion:
As a leading online broker, IG has been popular in the industry for many years and offers outstanding trading services. The companys fantastic overall online trading experience contributes to its unshakable status.
We believe that in collaborating with IG, were giving our readers the opportunity to trade with a globally reputable broker and keep up with international market trends in CFD trading.
One interview doesn't really help you get the full picture of IG. If you want to more in-depth, more comprehensive understanding of this broker, we advise you to download and open the WikiFX app to check by yourself.
WikiFX contains details of more than 36,000 global forex brokers, which gives you a huge advantage while seeking the best forex brokers. On WikiFX, there is more information about a certain broker, including its specific data, regulation status, exposure, field survey, and so on. We believe that you will have a full-scale overview of a certain broker after using WikiFX App.
WikiFX can also help you justify if a broker you have chosen is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of brokers before you invest!
Reference:
1 This includes numbers from all of IG Groups subsidiaries: IG retail, IG Prime, tastytrade, and tastyworks. We are currently not able to offer accounts to clients residing in mainland China
2 Winner of ‘Best Multi-Platform Provider’, ‘Best Platform for the Active Trader’, and ‘Best Finance App’ at the ADVFN International Finance Awards 2022.
3 Based on revenue excluding FX (published financial statements, October 2021).
4 24/7 means all week apart from ten hours from 6 am Saturday to 4 pm Saturday (GMT+8), and 20 minutes just before the market opens on Monday
5 You'll pay a small premium only if your guaranteed stop is triggered.
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