Generic selectors
Exact matches only
Search in title
Search in content

IG Markets Review + Opinions (2022) | Safe And Fast?

Fees
Starts at 0.4 points
Depends on chosen product
Promotion
Not active
No promotion available at this time
Minimum deposit
$1

IG markets is known as one of the most comprehensive brokers. From the review, it can also be seen that they offer a huge range of securities and extensive education opportunities. So this certainly makes the broker popular with active investors. So are you looking for the best broker? Then definitely consider trading at IG Markets, read more about it in this review!

IG Markets experiences

A reliable broker is important for when you start trading online. That’s why we will discuss this online platform in this IG Markets review. We will tell you about the pros and cons of the party, discuss the reliability and also the offerings of IG markets.


★★★★★
Reportlab score

★★★★★
Reportlab score

★★★★★
Reportlab score
Learn moreLearn more (review)Learn more (review)
Fees
$0
Per trade
Fees
$0
Per trade
Fees
$0
Per trade
Minimum Deposit
$50
Minimum Deposit
$50
Minimum Deposit
$50
Promotion
$50 – $5.000
Check conditions
Promotion
1 free stock
Check conditions
Promotion
1 free stock
Check conditions

Advantages

The website certainly looks a bit busy at first, this may put you off as a beginner. But this is certainly not necessary, as the platform offers extensive explanations and information. This is one of the many benefits, below we have listed a few for you.

  • Low spreads;
  • Professional software;
  • Trades stocks worldwide;
  • Reliable and easy to use.

Disadvantages

While IG Markets offers a host of attractive features, they are not without disadvantages. However, there are fewer disadvantages than advantages, but we can imagine that these are also important to you. We understand that you would prefer not to bother with this and instead look for another possible option.

This is why we have compiled a list of disadvantages for you below. This way you can see at a glance whether IG Markets falls within your wishes.

  • It doesn’t offer daily news about crypto systems;
  • Commission per stop.

Is IG Markets scam: reliability & safety

We can tell you that IG Markets is reliable and therefore definitely not a scam. So using the platform is safe. Of course, capital gains depend on the movement within the market, so no one can offer you a guarantee. Of course, tools are offered for various strategies. Here you can think of price warnings or stops.

We can therefore conclude that IG Markets is reliable. This is because they take the following safety measures:

  • Your money will be deposited in a separate account, this even at a regulated bank;
  • Your money will not be used for such business activities as hedging transactions with counterparties;
  • Funds are never pooled at IG Markets;
  • Your money is ring-fenced. So if the broker goes bankrupt, you won’t lose your money. This is because IG Markets is a member of the Financial Services Compensation Scheme. This gives you up to €85,000 back if IG Markets goes bankrupt.

What about the regulation and licensing of IFC Markets?

Now you are surely wondering, how is IG Markets regulated? We are going to tell you more about this now. The bank is in fact regulated by the FCA, BaFin and Deutsche Bundesbank. The FCA monitors IG Markets on a regular basis, and if something is not right, they could receive a hefty fine. The FCA takes on the same task.

This way you are able to trade safely. To show you that they strive for fairness, they follow the FX Global Code of Conduct. These are a set of guidelines for correct practice in the financials market. The company was founded in 1974 and today they already have 14 local branches spread across 5 continents, making them a global presence. As a result, IG Markets is represented worldwide.

regulated ig markets

Use of SSL encryption

At last, IG Markets also has a good technical security of the website. This is important because you want to be sure that you can transfer money to your account safely. You can see this at a glance: does the URL begin with “https://” or do you see a lock in the browser bar? Then the site uses SSL encryption.

This technology protects your information that you are currently sharing with IG Markets. This way, people from the outside cannot see in. This ensures that you can safely deposit money into your account.

How to create an account with IG markets?

Do you want to invest with IG Markets? Below we explain step by step how you can create your own IG Markets account.

  1. Go to the IG Markets login page, click on the green button “open live account”;
  2. Fill in the title, surname, first name, email, username, country, account type and password;
  3. After that, you need to fill in your personal information which includes the address information and financial information;
  4. After that, you can fill in your relevant experiences after which you can complete the registration process.

After this you will not be able to trade immediately. In order to start, you first need to make a deposit. You can do this by clicking on the “Make a deposit” button. After this you need to choose the payment method, depending on the method you will receive the money immediately or after a few days. From then on you can start trading.

IG account

Payment method

As mentioned earlier, when depositing money you need to choose a payment method. Now you may think, which ones are those? Below we have compiled an overview for you, in which you can view the payment methods at a glance.

  • Bank transfer;
  • PayPal;
  • VISA;
  • Mastercard.

For payments at the platform, you can choose from: a debit card / credit card or a bank transfer. There is no deposit fee for either. For a deposit, the minimum amount is $300. This amount is slightly higher than competitors.

deposit funds IG markets

Withdrawing money at IG markets

In addition to depositing, you can also withdraw money. This can take 1-2 business days. If this is the case, you need to wait another 1-5 business days for the respective debit/credit card or bank account provider to credit the amount. All in all, it can therefore take several days, so please take this into account.

online broker IG markets

Offerings at IG Markets

IG Markets offers a wide range of online brokerage services. Is there a specific a financial instrument you would like to buy or maybe even sell? Then chances are that IG offers the instrument. The offering can be divided into 4 different main sections.

  • Trade in foreign currency;
  • Distributed betting;
  • Trading in equities;
  • CFDs.

In the following headings we are going to discuss these 4 different main sections with you.

Trading in foreign currency

Forex Trading (for trading currency pairs). In fact, IG markets offers over 80 different types of Forex pairs that can be traded 24/7. These include all small and large currency pairs. For example: EUR / USD, EUR / JPY and GBP / USD. Spreads on some of these can be traded as low as 0.6 pips. Spreads on a higher number of currencies will thus be a lot higher.

For spread betting, IG Markets gives you access to as many as 17,000 markets. Basically, all markets that CFD and Forex departments have available can be traded on the platform. This can then be done through the spread betting facility. The advantage is that for most countries no capital gains tax is charged. In the UK this is because it falls under gambling.

IG Markets is known for its small margin requirement in spread gambling. For example, the margin in forex is only 3.33% for retailers and 5% for indices. That is, a trade of £10,000 on the FTSE 100 indices requires a margin of only £500. The cryptocurrencies you can lower as much as 0.1 pips this when you spread at IG Markets.

Trading in stocks

When we look at the fees, it does depend on your transactions that you make during the month. Namely, if you have more than 3 trades in that particular month, then you will pay no commission on US stocks. For UK stocks you will then pay $3 per trade. Are you under 3 transactions per month? Then you may have to pay between $8 and $10 per trade on British and American stocks.

CFDs

CFD is the most comprehensive at IG Markets, as they have as many as thousands of instruments. Almost all investment categories are covered. You can also apply the leverage. You can think of gold, oil, gas, stocks, indices or Bitcoins. If we look at limits, it depends on the asset you want to trade and of course your location.

Is it about spreads? Then this will vary a lot. This of course depends on the investment category you are in.

  • For example, do you have large indices such as the S&P 500? Then you can reduce the spread to 0.1 pips;
  • This is also possible with CFDs on shares;
  • With commodities this is higher, it is between 0,3 and 0,1 pip. This is also valid for cryptocurrencies.

IG Markets contact & customer service

Finally, we take a closer look at the customer service from IG markets. The broker may be good, but do they also have a good customer service? This is also very important.

Good news, IG Markets has a good and friendly customer service. You can reach the customer service in the following ways: By phone, email and live chat. Moreover, you can reach them in many languages.

IG Markets also has an extensive FAQ. So do you have any questions? Then first take a look at the FAQ, because there’s a big chance you’ll find the answer to your question there. There you will find information about the trading instruments, the trading platforms, investing, accounts and depositing and withdrawing money.

Conclusion

We can therefore conclude that it is a reliable and secure platform with many features. This is because the security is guaranteed by FCA & AFM. These authorities keep a close eye on the broker and regularly take a look at their operations. In addition, you do not have to worry about your money. If the company goes bankrupt, you’ll always get €85,000 back.

At IG Markets you can find Forex, cryptocurrency, stocks, indices, ETF’s, bonds and much more. The website and customer service are available in many languages. This means that you can always be helped. You can contact them via email, telephone and live chat. So all in all, we can tell you that you should definitely consider the IG Markets platform.

Compare IG Markets with its competitors

With this IG Markets review, you have been introduced to the IG Markets online trading platform. Are you interested in this or several trading platforms? Then compare several trading platforms at the bottom of this page. By comparing IG Markets with its competitors, you can realize the best deal for you.


★★★★★
Reportlab score

★★★★★
Reportlab score

★★★★★
Reportlab score
Learn moreLearn more (review)Learn more (review)
Fees
$0
Per trade
Fees
$0
Per trade
Fees
$0
Per trade
Minimum Deposit
$50
Minimum Deposit
$50
Minimum Deposit
$50
Promotion
$50 – $5.000
Check conditions
Promotion
1 free stock
Check conditions
Promotion
1 free stock
Check conditions

Frequently asked questions

It is very important that a broker is regulated by a renowned regulatory authority. If a broker is not licensed, you may question its reliability. IG Markets has received a license from the FCA. This UK financial authority is considered one of the best. The FCA regularly checks the broker and makes sure that all the rules are followed. If not, the broker is punished or fined. They may even lose their European or American license.

IG Markets customer service is available to you in several ways: by phone, email and live chat. They can be reached 24/5 by phone, and also on Sundays via live chat. However, please note that you can only contact customer service in English. In addition, this broker has an extensive FAQ where you can find the answer to your question. We advise you to consult these frequently asked questions first before contacting the customer service desk. You may not even need to contact support.

Our experiences with IG Markets are generally good. In addition, this broker is completely reliable. Do you want to read more about our experiences with this broker? Then be sure to take a better look at our IG Markets review.

In the App Store, the IG Markets app has an average rating of 3.5 out of 5. The app has just the same features as the desktop version. It allows you to trade stocks, futures, bonds, and much more. Moreover, the app is available in almost all languages. Would you like to download this app? Then you must have iOS 11.0 or higher.

You can already trade at IG Markets with a minimum deposit of €1, so to speak. However, if you want to trade with margin or in short sale, you need to deposit at least €2000. Trading with margin means that you are using leverage.

IG Markets users can indulge in a very wide range of offerings. You can invest in stocks, options, futures, spot currencies, metals, bonds, ETFs, EPFs, mutual funds and hedge funds.

IG Markets has received many different awards. You can invest in a very wide range of trading instruments: shares, bonds, spot currencies, ETFs and much more.

Share this information
Share on facebook
Facebook
Share on twitter
Twitter
Freddy Agard
Freddy Agard

Freddy Agard writes daily about financial products and specializes particularly in the equity markets. He is happy to tell you more and enjoys reducing complex material to manageable and understandable information. Questions? Leave a comment at the bottom of the page!

etoro logo

Our score
★★★★★

degiro logo

Our score
★★★★★

ig logo

Our score
★★★★★

Newsletter

Recent News

Table of Contents

etoro logo

Our score
★★★★★ 10/10

0% commission

Related News

Leave a comment

Your email address will not be published. Required fields are marked *