WikiFX Reviews IG in Depth

In this article, we'll look in-depth at IG Markets (IG), examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX aims to provide you with the information you need to make an informed decision about using this platform.

Background:

IG Markets (IG) is a leading global forex broker offering traders a wide range of financial products and services worldwide. The company was founded in 1974 and is headquartered in London, England.

IG Markets is a reputable broker with a solid track record of offering traders top-notch services. The company is regulated by several financial authorities, which gives traders peace of mind knowing their funds are safe.

IG provides access to over 18,000 markets for online trading, encompassing currency pairs, commodities, indices, stocks, and financial spread betting, among others. Notably, IG also facilitates cryptocurrency trading through CFDs, offering pairs for popular cryptocurrencies like Bitcoin, Ethereum, Ripple, and more.

Types of Accounts:

IG offers a range of account options, including a basic account that can be set up quickly. They also provide spread betting and CFD accounts. Additionally, traders can access a Demo account when trading with IG.

In terms of trading costs, IG is known for its competitive pricing. The costs are primarily linked to the minimum CFD or MT4 account fee and the minimum size for Spread Bets, which can vary depending on the specific IG entity you are trading with. Each IG entity may have distinct trading conditions.

Spread betting, for instance, is exclusively available to residents of the UK, while Cryptocurrencies cannot be traded in Japan and the UK. An inactivity fee is also applied if your trading account remains inactive for six months or more.

IG incorporates its costs into the spread, which is variable and based on the IG spread. You'll encounter a spread cost for each spread bet or non-share CFD, averaging approximately 0.6 pips for Forex. A commission is charged when it comes to share CFDs or share dealing trades. Importantly, IG maintains some of the industry's lowest margins, making it user-friendly even for novice traders, as there are no hidden fees.

Deposit and Withdrawals:

When it comes to funding options, IG offers a variety of payment methods, which is a significant advantage. However, checking whether these methods are available based on the regulations is important.

IG provides several payment options, including Credit/Debit cards, Bank Wire, and FPS Hong Kong Dollars. Notably, there's no minimum deposit requirement and no extra fees for transferring funds.

One noteworthy aspect is that IG doesn't charge any withdrawal commission fees. Traders have many withdrawal choices, such as Bank transfers, Credit/Debit cards, e-wallets, and PayPal. Additionally, there are no fees for withdrawals above $150, and funds usually arrive in your account within 3 to 5 business days.

Trading Platforms:

IG's platforms have been designed for traders' convenience, offering a choice of devices and a wide range of capabilities. The brokerage aimed to create a user-friendly platform with a strong emphasis on technical development, and they have succeeded in this regard. IG's platform has received recognition in the industry and positive feedback from traders for its well-designed core and extensive capabilities.

Their proprietary platform is web-based, eliminating the need for downloads. They also offer trading applications optimized for various smartphones and tablets. The advanced platform offers features like direct market access through NDD connectivity, APIs, and the option to customize it into a Specialist platform with versatile access and professional resources.

For those who prefer it, IG also provides the option to use the popular MetaTrader4 platform for order execution, which comes with advanced charting tools. MT4 is available in different versions, including the WebVersion, Desktop Platform, and Apps, providing flexibility for traders.

Recognizing the importance of mobile trading in today's landscape, IG has integrated its platform features into a robust Mobile Application that supports both Android and iOS devices. Mobile IG trading offers almost the same capabilities as its desktop counterpart, allowing users to access real-time data, mirror other traders, and conduct research effortlessly. Furthermore, trading apps simplify the process for spread bets and CFDs, providing traders convenience and a leverage advantage.

Research & Education:

IG offers a range of research tools to support traders. You can access research materials from IG's team or third-party providers, including Real Vision Research.

Their platform includes streaming news, economic calendars, and organized video content covering various categories and asset classes. IG also provides integrated trading signals, AutoTrading features, and access to several signal providers exclusively for IG traders. Additionally, IG maintains a blog with news updates and in-depth analytical insights to keep traders informed.

Customer Service:

IG Markets offers extensive customer service support, ensuring trading clients have easy access to assistance round the clock. You can reach out for help 24 hours a day, starting from 9 am on Saturday through to 10 pm on Friday (GMT), through various channels, including phone, email, Twitter, and live chat.

Conclusion:

To summarize, here‘s WikiFX’s final verdict:

WikiFX, a global forex broker regulatory platform, has given IG a WikiScore of 9.43 out of 10, indicating that it is a highly reliable broker in the forex trading industry.

Upon examining IG's licenses, WikiFX found that IG Markets is a high-regulated broker as it holds several valid licenses issued by well-recognized regulatory bodies, such as ASIC, FCA, FSA, NFA, AMF, FMA, MAS, and DFSA.

WikiFX also sent our global field survey team to verify the business premise of IGs in various countries, namely the UK, Japan, Australia, Singapore and Dubai, where they confirmed the presence of the dealer's logo prominently displayed at those addresses, respectively. The investigators were granted access to the company's premises, revealing a sophisticated office space bustling with employees. These findings confirm the legitimacy of the addresses for IG.

In conclusion, IG is a good and safe choice for traders.