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.

Overall Rating

• 4.8/5

Min Deposit

USD 0

Regulators

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

Trading Platform

MT4

Crypto

Yes

Total Pairs

80

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Read Review

OPEN AN ACCOUNT

on IG's website

IG Islamic Account – Key Point Quick Overview

1. ☑️ Overview
2. ☑️ Islamic Account
3. ☑️ How to Open an International Account
4. ☑️ Conclusion
5. ☑️ Frequently Asked Questions

Overview

Founded in 1974, IG is a prominent online trading platform with over 300,000 active traders and more than 2,000 employees. Regulated by several leading authorities, including the FCA and ASIC, IG prioritizes a secure trading environment with key safety features such as account segregation and negative balance protection.

IG provides access to over 17,000 CFDs across a wide range of asset classes, including stocks, commodities, and indices. The platform offers user-friendly options like MetaTrader 4 and ProRealTime, both of which are compatible with various operating systems.

With tight spreads starting at just 0.6 pips, a minimum deposit of $250, and no withdrawal fees, IG is an attractive option for traders at all levels of experience.

Frequently Asked Questions

What is the execution time for orders at IG?

IG boasts an average order execution time of just 0.1 seconds, enabling traders to react quickly to market changes.

Can I use Islamic accounts with IG?

Yes, IG offers Islamic accounts that comply with Sharia law, providing a trading solution for traders who need an interest-free account option.

What deposit methods are available at IG?

IG supports a variety of deposit methods, including bank transfers, credit/debit cards, PayPal, and Skrill, giving traders flexibility in funding their accounts.

Does IG offer live chat support?

Yes, IG offers live chat support, providing traders with immediate assistance and enhancing the overall customer service experience.

Our Verdict

IG stands out for its low fees, rapid order execution, and intuitive platforms, making it a strong choice for both new and experienced traders looking for a seamless trading experience.

Overall Rating

• 4.8/5

Min Deposit

USD 0

Regulators

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

Trading Platform

MT4

Crypto

Yes

Total Pairs

80

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Read Review

OPEN AN ACCOUNT

on IG's website

Islamic Account

IG does not offer an Islamic or Swap-Free Forex trading option. However, the platform provides a variety of account types to suit different trading needs. These include the IG International Account, IG Domestic Account, IG International Demo Account, IG Domestic Demo Account, and IG Corporate Account.

Frequently Asked Questions

Does IG offer Islamic or Swap-Free accounts?

No, IG does not provide Islamic or Swap-Free Forex trading accounts.

What types of accounts are available at IG?

IG offers five types of accounts: the IG International Account, IG Domestic Account, IG International Demo Account, IG Domestic Demo Account, and IG Corporate Account.

What is the difference between the Domestic and International accounts at IG?

The primary difference between Domestic and International accounts lies in the region of operation. Domestic accounts are tailored for traders within a specific country, while International accounts allow access to global markets and a wider range of assets.

Can I use a demo account at IG?

Yes, IG offers both Domestic and International Demo Accounts, allowing traders to practice and familiarize themselves with the platform before committing real funds.

Our Verdict

While IG does not provide Islamic or Swap-Free accounts, its range of account types offers flexibility for a wide variety of traders, including individual and corporate clients. Whether you’re a retail trader, a business, or just looking to practice with a demo account, IG’s diverse options cater to various needs, backed by a user-friendly platform and solid customer support.

Overall Rating

• 4.8/5

Min Deposit

USD 0

Regulators

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

Trading Platform

MT4

Crypto

Yes

Total Pairs

80

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Read Review

OPEN AN ACCOUNT

on IG's website

How to Open an International Account

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.

2. Step 2:  Registration Form

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

3. Step 3:  Complete Personal Information

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

4. Step 4:  Adress Details

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

5. Step 5: Financial Information

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

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.

Conclusion

IG offers a wide range of account types to suit different traders, but it does not provide an Islamic or Swap-Free Forex trading option. Despite this, IG’s diverse account options—such as the IG International and Domestic Accounts, along with Demo and Corporate accounts—cater to a variety of trading needs. Regulated by top-tier authorities like the FCA and ASIC, IG ensures a secure and reliable trading environment.

With a user-friendly platform, competitive spreads, and various funding options, IG remains a solid choice for both novice and experienced traders.

You might also like:

• IG Review
• Minimum Deposit
• Demo Account
• Fees and Spreads 
• Account types

Frequently Asked Questions

Does IG offer Islamic or Swap-Free accounts?

No, IG does not offer Islamic or Swap-Free Forex trading accounts.

What account types are available at IG?

IG offers five account types: the IG International Account, IG Domestic Account, IG International Demo Account, IG Domestic Demo Account, and IG Corporate Account.

What is the difference between Domestic and International accounts?

Domestic accounts are tailored for traders within a specific country, while International accounts provide access to global markets and a wider range of assets.

Can I open a demo account at IG?

Yes, IG offers both Domestic and International Demo Accounts for traders to practice without risking real funds.

Can I use a Corporate Account with IG?

Yes, IG provides a Corporate Account for institutional traders and businesses that wish to trade on behalf of a company.

Is there a minimum deposit requirement for opening an account at IG?

Yes, the minimum deposit required to open a live trading account with IG is USD 250.

What deposit methods are available at IG?

IG supports several deposit methods, including bank transfers, credit/debit cards, PayPal, and Skrill.

Does IG offer live chat support?

Yes, IG provides live chat support to assist traders with their questions and issues in real time.

How do I open an account with IG?

To open an account, click on the “Create Live Account” button, complete the registration form with your personal details, and submit required information like financial details and trading history.

What is the typical execution time for trades on IG?

IG boasts an impressive average order execution time of just 0.1 seconds, allowing traders to act quickly on market movements.