IG Markets identifies itself as the world’s leading online trading provider, offering CFDs. The firm was established back in 1974, its shares are listed on the London exchange, and currently, it has more than 310,000 clients. The company’s offices are open in many countries across Europe, as well as in the USA, Asia, Africa, and the UAE, with its headquarters located in London. The broker is regulated not only by the FCA but also by many other financial commissions in the jurisdictions where it serves users. Despite all this, there are negative comments in online reviews. How profitable and safe is it to trade here?
How to Trade
To start trading with IG Markets, it is necessary to register an account, undergo verification, and fund a deposit. There is also an opportunity to try the service on a free demo account. Spreads start from 0.1-0.8 points depending on the traded asset.
The broker has several types of commissions:
- Direct Access Markets. A monthly commission ranging from $10 to $60 for every $1 million in trade turnover is charged for connecting to the DMA.
- Live price data feeds.
- ProRealTime Charts. The subscription costs $40 per month or is free when making more than 4 trades.
- Inactivity fee.
According to the official website, IG Markets offers an affiliate program, news, trading ideas, strategies, algorithmic trading, and educational resources on various topics.
IG Markets Vital Info
The broker is part of the parent company IG Group Holdings, which was founded in 1974, as stated on the official website. However, the domain of the official website was created in 1998. Overall, there is no doubt about the impressive duration of the broker’s operation, although the legal entities in the United Kingdom only appeared in 2000. How the organization functioned before the creation of the website and registration in London is a question.
IG Markets possesses a large number of licenses, including from the FCA. All licenses can be verified in the respective registries. The firm lists a legal address in the United Kingdom, which is indeed the case. In addition, legal entities are registered in other jurisdictions where clients are served.
The best option for collaborating with IG Markets is not to collaborate with them. Really, I changed brokers and my profitability increased. Here, poor order execution, high commissions, and long support response times.
The intermediary evokes mixed feelings... it seems like a well-known firm worldwide, with a multitude of offices and regulation everywhere, but at the same time, customers constantly complain about the low quality of service from IG Markets... long withdrawal times, high costs, poor terminal performance, and inadequate managers - these are the main problems traders encounter...
Amid a plethora of positive reviews, there are real negative comments... I have "suffered" from ig.com... first from unreasonable commissions and spreads, which caused me to lose money... and then my nerves were frayed... the support department took over two weeks to process my withdrawal request... but thank God, the money was returned... if they hadn't I would have raised such a fuss, sent letters to all the financial commissions... so be careful with IG...
I only lasted a week at IG MARKETS. I couldn't get used to the terminal, plus the spreads were very high. Many acquaintances, also traders, couldn't start trading here normally either. Maybe the problem is with the broker, not the traders?
Hello everyone. I have been trading with IG Markets for almost a year and am satisfied with the trading; the service is of a high level, there have been no problems with trading, and withdrawals are always on time. I am completely confident that all transfers will be made; I have no desire to return to my old dealing centers. My deposit is $10,000, so the income is substantial. I withdraw about once a month, usually $1,000. All withdrawals are made on time, as written in the service contract. Managers do not call phones, maybe once a week or two they will call, ask if I have any questions or problems, wish me luck, and that's all.
The most reliable platform that can be trusted with money. It is no conflict of interest, it is a true intermediary.
Thank God they returned the money! I waited a whole week! They could have withdrawn it faster! I'll never go back here! Terrible service!
There's no doubt about the broker's reliability. They don't engage in fraud, no one steals money, and they don't manipulate charts. But two things should be noted.
First, the unfavorable conditions. Huge spreads, some commissions. You have to pay for this, for that. Plus, a commission is charged for replenishing with a credit card.
Second, the low level of qualification of managers. Maybe it was just me who encountered very weak managers. But it seems IG Markets doesn't monitor their employees at all. They are not only uninterested, but also aggressive, often rude.
The broker capitalizes on its position, experience, and rich history. If you want to trade on ig com, be prepared to be thoroughly vetted before your money is withdrawn. They kept me waiting for more than a month. First, they asked for standard documents, which I provided. Then they requested a plethora of certificates confirming the origin of the funds. I collected and provided all of this. Then they again asked for documents, alleging some error. I uploaded it again. Then again certificates, selfies, video verification. I went through nine circles of hell to get my $5,000 withdrawn, which I wanted to withdraw because trading with IG Markets is unbearable due to high spreads. Think about it.
If you need flexibility and low spreads, then the firm is unlikely to be suitable. There are companies with more favorable conditions. I won't name brands, so my review isn't seen as an advertising comment. But truly, there are more advantageous brokers.
The company's gimmick is its mega-reliability. Yes, it's an old brokerage intermediary and an ancient investment firm. Your money is 100% safe, but whether you can trade profitably is another question.
Ig is a solid and stable firm with a proven and rich history. I have been trading through them for over three years, with no special complaints, no problems arise, and all questions are resolved quickly and efficiently. The broker is suitable not only for professionals and experienced traders but also for beginners. Any trader can try to appreciate all the delights on a demo account, and can communicate with managers. They are friendly and sociable here, and will explain everything in detail that is needed. The company meets its clients halfway and provides them with assistance. The quality of services is high, and customer orientation is evident. I recommend it.
There are several platforms to choose from, but it's better to trade on the standard and classic MetaTrader 4, and not use their own development. Ideally, you should open an account in an offshore division to have normal leverage, a multitude of assets, and to avoid being hassled by the compliance department. The firm is extremely contradictory. There are both pros and cons. It's long to list all the details, but the organization is not for everyone. First, study the conditions, read the documents, and then decide whether to trade or not. IG Group gets an average rating from me.
Truly one of the coolest and best brokers in Forex/CFD, as well as in spread betting. The company has been around for a long time. If the forex direction of IG Markets was opened not so long ago, at the beginning of the 21st century, the main firm has been operating since 1974. Find me another broker as experienced and old? It's unlikely, as there are almost no equivalents, only a few can be counted on one hand.
I have been collaborating with this firm for over 8 years. During this significant period, I have never had a problem with withdrawing money. The platform is always accessible, and there have never been technical issues. The firm processes withdrawal requests easily and allows withdrawing money in any amount. I trust IG 100%, so I do not worry about the safety of my funds.