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IG Group Review

 

IG_Reviewed and Rated

 

Overall, IG can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 70+ trading instruments. IG is regulated by two tier-1 regulators (highest trust) and it has a trust score of 96 out of 100.

 

🔎 Broker✅ IG Group
💰 Trading Fee ClassHigh
💵 Inactivity Fee✔️ Yes
💳 Minimum Deposit$140 USD
💡 Base currencies6
✅ Demo Accounts✔️ Yes
📌 Products OfferedETF, Forex, Options
🔎 Open an Account👉 Click Here

 

Overall Rating

4.8/5

Rated #38 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF.

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

IG Review – 18 Key Point Quick Overview

 

  1. ☑️ IG Overview
  2. ☑️ IG Safety and Security
  3. ☑️ IG Sign-Up Bonus
  4. ☑️ IG Minimum Deposit
  5. ☑️ IG International Account Overview
  6. ☑️ How to Open an IG International Account – Step by Step Guide
  7. IG Islamic Account
  8. IG Demo Account
  9. IG Corporate Accounts
  10. IG Proprietary Trading Platform Overview
  11. IG Fees, Spreads, and Commission
  12. IG Deposit and Withdrawal Options
  13. IG Affiliate Program
  14. IG Best Countries by Traders
  15. IG vs Exness vs XTB – A Comparison
  16. IG Customer Reviews
  17. IG Current Popularity Trend
  18. IG Pros and Cons
  19. Conclusion
  20. Frequently Asked Questions

 

 

IG Top Bar

 

IG Overview

 

IG is a leading online trading provider that offers traders access to opportunities across thousands of financial markets through intuitive platforms and apps.  IG Markets South Africa Limited was established in 2010 with a head office based in Sandton, South Africa.

 

IG Overview New

 

IG Safety and Security

 

IG is authorized and regulated by the Financial Conduct Authority (FCA) and The Financial Sector Conduct Authority (FSCA) respectively.  Client funds are held in segregated client bank (independent trust) accounts at regulated banks.

 

IG Safety and Security

 

IG Sign-Up Bonus

 

IG does not offer a Sign-Up bonus or welcome bonus at this time (2022). IG does not offer a deposit or no deposit bonus, in principle with first-time sign-up, but minimum deposits are seen as fair.

 

🔎 Broker🥇 IG Group
🎉 Sign Up Bonus❌ No
🤝 Affiliate Program ✅ Yes
🚀 Open an Account👉 Click Here

 

IG Landing Page

 

IG Minimum Deposit

 

The minimum deposit amount recommended to register an IG Group live trading account is $200 USD.  The maximum deposit amount per day is $1235 USD via card or phone and limitless when using bank transfers as a deposit option.

 

🔎 Broker🥇 IG Group
💰 Required Min. Deposit$0 USD
✅ Recommended Min. Deposit$200 USD
💳 Deposit MethodsCredit / Debit / Bank Transfers
🚀 Open an Account👉 Click Here

 

IG Minimum Deposit

 

IG International Account Overview

 

IG provides five different account types – the IG International Account, IG Domestic Account, IG International Demo, IG Domestic Demo Account, and IG Corporate Account.  The minimum deposit amount recommended to register an IG Group live trading account is $200 USD.

 

The IG International Account Option allows investors to trade the global markets, a requirement set by the South African Reserve Bank.  Once an Application form has been completed for an IG International account, the applicant will automatically receive an additional domestic count.

 

🔎 Account🥇 International
🌎 International Markets17,000 Markets
💳 Instant Online FundingCredit or Debit Card
🤝 Dedicated Local SupportJohannesburg Based Team
📈 SpreadsTight Spreads
📊 Deep Liquidity📊 Deep Liquidity
🚀 Open an Account👉 Click Here

 

Having both an International and Domestic account allows the investor to trade on both local and offshore markets.  However, it is up to the applicant whether or not they choose to fund both accounts.  Furthermore, the applicant will receive an accompanying Demo account for each.

 

🔎 Market✅ Overview
📊 Shares12,000+ International Shares
📈 Forex80 currency pairs
📉 IndicesWall Street, FTSE100 and more
🌾 Commodities26 Key Commodities
⏳ Weekend Trading27/7 Markets
💻 Other MarketsBonds, Rates and Options
🚀 Open an Account👉 Click Here

 

IG International and Local Overview

 

How to Open an IG International Account – Step by Step Guide

 

1. Step 1:  Create a Live Account

Start the application by clicking on the green “Create Live Account” button located on the landing page or throughout the website in the header of the page.

 

IG Open an Account

 

2. Step 2:  Registration Form

The applicant must start setup by supplying general information including a valid email address and country of residence.

 

IG Open an Account 2

 

3. Step 3:  Complete Personal Information

The next step will nee more personal information to be added, including the applicant’s direct contact details and identification number.

 

IG Open an Account 3

 

4. Step 4:  Adress Details

The applicant must complete their address details to move on to the final steps of the registration process.

 

IG Open an Account 4

 

5. Step 5: Financial Information

The second last step is to complete Financial details, including the applicant’s annual income and employment history.

 

IG Open an Account 5

 

6. Step 6: Trading History

In the final step, Applicants must provide their trading history.  Once this step has been completed, the application can be saved and closed.

 

IG Open an Account Final

 

IG Islamic Account

 

IG does not offer an Islamic or Swap-Free Forex Trading Option.  IG provides five different account types – the IG International Account, IG Domestic Account, IG International Demo, IG Domestic Demo Account, and IG Corporate Account.

 

IG Islamic Account

IG Demo Account

 

IG does offer two free demo trading accounts for beginners to start training forex trading in a 100% risk-free environment. The Demo account expires after 30 days but can be set to non-expiry upon request.

 

IG Domestic Demo Account

 

🔎 Account✅ Domestic Demo
💳 Virtual FundsR1,000,000 ZAR
📌 MarketsSA Stocks, ETFs, 40
🚀 Open a Demo Account👉 Click Here

 

IG International Demo Account

 

🔎 Account✅ International Demo
💳 Virtual Funds£10,000
📌 Markets17,000 +
🚀 Open a Demo Account👉 Click Here

 

IG Demo Account

IG Corporate Accounts

 

IG offers trading solutions for institutional and retail corporate clients.  These account options are based on powerful technology, a massive range of tradeable markets, and dedicated user support.  A Retail corporate Account is also made available for retail traders who want to trade the markets through a corporate structure without being an institutional client.

 

✅ Institutional Groups included🔎 Account Features
Regulated EntityProfessional Platforms
Bank or Brokerage FirmTrading API's
Investment Manager17,000+ Markets
Private Investment OfficeDeep Liquidity
Professional traderDedicated Service
🚀 Open an Account👉 Click Here

 

IG Corporate Accounts

 

How to Apply for an IG Corporate Account

 

IG Corporate account applicants must fill out an application form which can be downloaded here.  Once the application form has been completed it must be emailed to [email protected]  Applicants must ensure that all required supporting documentation is included.

 

IG Corporate Accounts Application

 

IG Proprietary Trading Platform Overview

 

A trading IG Trading Platform is a proprietary trading platform that is made available and IG users can choose from a wide selection of platforms, including desktop platforms, trading apps, web-based platforms, and third-party programs including MT4, ProRealTime, and APIs.

IG Trading Platform

 

IG Fees, Spreads, and Commission

 

Trading with IG will involve fees from $10 USD, spreads from 0.08 pips, and commission-free trading depending on the account traders select.  With a recommended minimum deposit fee of $200 USD.

 

🔎 Broker🥇 IG
💰 Fees from$10 USD
💳 Commission0.5%
🔁 Spreads from0.08 Pips
🛑 Inactivity FeeYes
⚡ Withdrawal FeeNo

 

IG Fees and Spreads

 

IG Deposit and Withdrawal

 

IG makes multiple deposit options and withdrawal methods available. As IG makes both local and international offerings available, the selection of options may differ.  Traders can deposit funds with a credit card, debit card, or bank transfer with international deposits being done through ABSA, Nedbank, FNB, or Standard Bank.

To withdraw funds, traders can log in to My IG, go to the ‘live accounts’ tab, and select ‘withdraw funds’. Traders are able to withdraw funds as a bank transfer or back to a card account as a refund.

 

IG Deposit and Withdrawal

 

IG Affiliate Program

 

The IG Affiliate / Partner program will offer traders the opportunity to receive up to $1000 for each qualified client they introduce to IG, with each client identified via their efficient tracking process.

 

IG Partnership

 

 

 

 

IG Best Countries by Traders

 

🌎 Country of Trade📌 % of Traders
🥇 United Kingdom23.83%
🥈 Poland14.22%
🥉 United States10.27%
India7.93%
South Africa4.26%
🚀 Open an Account👉 Click Here

 

IG Target Market

 

IG vs Exness vs XTB – A Comparison

 

🔎 Broker🥇 IG🥈 Exness🥉 XTB
📌 Spot ForexYesYesYes
📌 Forex CFDYes📌 NoYes
💻 MT4YesYes📌 No
🔋 Demo AccountYesYesYes
✅ ScalpingYesYesYes
☑️ HedgingYesYesYes
🛑 Stop LossesYes📌 NoYes
🚀 Open an Account👉 Click Here
👉 Click Here
👉 Click Here

 

IG Comparison

 

IG Customer Reviews

 

Excellent Support!

Ullas, from tech support, was very polite, friendly, and patient. Received some useful information as well. Great work. – John

 

TrustPilot 5 Star

 

Great Broker.

Just opened up a new share account with IG. The process was straightforward.  – Dolon

 

TrustPilot 4 Star

 

Happy Client.

I appreciate the constant communication by IG! – Marilize

 

TrustPilot 3 Star

 

IG Current Popularity Trend

 

According to Google Trends, here is an overview of how frequently the search term “IG Group” is entered into Google’s search engine over a given period of time.

 

IG Group Popularity

 

IG Pros and Cons

 

✔️ Pros❌ Cons
Excellent Web-Trading PlatformHigh Forex and Stock CFD Fees
Excellent Educational ToolsLimited Product Portfolio
Great Deposit and Withdrawal optionsSlow Customer Support

 

 

Overall Rating

4.8/5

Rated #38 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF.

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

 

Conclusion

 

Overall, IG can be summarised as a trustworthy broker that is regulated by two tier-1 regulators (highest trust) and it has a trust score of 96 out of 100.

 

 

You might also like: IG Review

You might also like: IG Minimum Deposit

You might also like: IG Demo Account

You might also like: IG Brokers Fees and Spreads 

You might also like: IG Account types

You might also like: IG Islamic Account

 

 

Disclaimer

 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

 

Frequently Asked Questions

 

Is IG Group a legit forex broker?

Yes, IG Group is a legit broker as it is regulated in every jurisdiction where it offers CFD trading, foreign exchange, spread betting, and stockbroking products.

 

Does IG offer leverage?

Yes, leverage – a facility that enables you to get a much larger exposure to the market, is offered by IG.

 

How many instruments can I trade with a IG Group account?

70+ Instruments can be traded with IG.

 

Does IG allow hedging and scalping?

Yes, both hedging and scalping are allowed by IG.

 

Does IG have copy trading?

Yes, a Copy otherwise known as Social Trading is made available by IG.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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