IG review 2019

Is IG a good broker?

Beginner and advanced traders can find a vast array of trading instruments, guaranteed stop loss and low spreads on popular currency pairs.

Fee

Account minimum

Promotion

Minimum 0.6 pips on EUR/USD
$0
NA

IG broker offers a solid trading experience, access to advanced research including DailyFX analysis, and excellent customer support. Beginners get access to DailyFX Forex University and to the IG Academy where you can learn CFDs and spread betting.

One of the coolest features is the guaranteed stop loss. This can save you a lot of money, especially in volatile markets. But you'll have to pay a fee for this feature in addition to spreads.

What kind of trading platforms does IG offer?

IG offers the standard Meta Trader 4 platform, a web-based platform, a mobile app and advanced platform ProRealTime that provides direct market access. This means you can run Expert Advisors, create your own automated strategies or backtest your systems.

Standout features

  • Low spread. EUR/USD and AUD/USD pairs start from 0.6 pips. If you get the advanced platform, you get direct market access and spreads as low as 0.165 pips on EUR/USD.
  • Guaranteed stop loss. This feature comes with an additional fee, but when your money is on the line, it may be worth it.
  • Research. Access to DailyFX commentary and analysis, real-time news, webinars and more.
  • Trading choices. Trade currencies, indices, stocks, commodities, cryptocurrencies, bonds, options and more.

Watch out

  • High fees. Stock trading and ETFs come with £8.00 fee per trade and broker-assisted trading by phone costs £40.00.

What can I trade with IG?

  • Currencies
  • Indices
  • Stocks
  • Commodities
  • Cryptocurrencies
  • Bonds
  • Options
  • CFDs

How do I signup with IG?

  1. Go to IG website.
  2. Click Create live account.
  3. Fill out the application form.
  4. Fund your account.

Bottom line

Forex traders who want to mix it up and trade other instruments may find IG useful. If you're a frequent trader you could upgrade to ProRealTime platform, or you could pay $40 per month to use it.