What is IG?
Founded in 1974 as a pioneer company of its kind IG (formally IG Markets ltd) been at industry forefront and actually built the concept of financial spread betting that introduced online dealing as early as in 1998.To get more news about
ig pros and cons, you can visit wikifx.com official website.
Currently, the company featuring global presence and providing trading solutions through offices in 13 countries located in the world’s key financial districts, which enables to reach clients across the world. The broker headquartered in London (UK) and including operations in the USA (Find Forex Brokers accepting US Clients), Australia, Japan, New Zealand, registered among European countries and Singapore.
IG Pros and Cons
IG is one of the most trusted brokers and companies worldwide. It is listed in Stock Exchange for extra transparency and is heavily regulated. IG trading conditions are excellent too, low costs for Forex, professional education section, selection of trading platforms and research are very good.
On the negative side the are some limitations in product offering, trading instruments are mainly Forex and CFDs.
Is IG trading a good broker?
Well, there are many concerns about whether the broker is good or not, mainly it would go to personal preference or choice. However, with our opinion god broker is a reliable broker. Despite a very even very strong establishment of IG, since it operates fore a few decades already, its global coverage and professionalism of the financial business making as clear evidence that IG is a good broker.
Further, in our IG Review you will see more of its proposal details and see yourself that IG offers the most crucial trading conditions at an excellent level including education, costs wise and technology side as well.
Awards
The IG indeed achieved many of the progressive and industry goals while been recognized time and time again for both the services and the technology they provide, as well as the working environment. The broker has so many multiple industry awards, that its just better to mention the most important ones and maybe, few more recognitions received during the last year only at the UK:
Is IG safe or scam
No, IG is not a scam. IG is regulated and authorized broker with numerous entities around the world where it all respectively operates under necessary financial licenses like FCA, ASIC (Learn about ASIC Regulated Blueberry Broker), CFTC, DFSA etc. Also, listed on Stock exchange which provides extra security.
Is IG Trading legit?
Yes, IG Trading is fully legit. The IG group of companies is heavily regulated by the top leading authorities worldwide due to its global presence by the appropriate bodies in the territory it operates. As the principal office of the IG is located in the UK, the broker respectively authorized by the Financial Conduct Authority (FCA) regulation, while the stocks and shares ISA accounts are provided by IG Markets Ltd and spread betting by registered IG Index Ltd.
In addition, the IG company units are regulated by the authorities in a number of countries, and is listed in a Stock Exchange, which gives not only an extra layer of trust but ensures in strong establishment basis. For more details, see the table below, which in conclusion shows us IG as a well-maintained by regulatory authorities’ set of rules firm that sets high trading standards by being fully legit and considered to be a safe broker.
Leverage
Under the regulatory restrictions, which took a recent change in Europe with an ESMA regulation, the residents of Europe will trade with the particular maximum level of leverage, or the multiplier. Another jurisdiction ratios are applicable to IG trading accounts according to the regulation impose limitations respectively and vary from one to another.
Thus, the European resident traders are allowed to use a maximum leverage 1:30, while other entities may see a significant increase up to 1:200 on Forex instruments as Australian authority allows. For more detailed leverages see below the breakdown with an offered leverage to Cryptocurrency, Commodity, Share and Index instruments.
What are IG trading fees?
IG spread breakdown and trading costs are considered low, and are a reference to the minimum of CFD or MT4 account fee (spread) and the Spread Bet minimum size, which also varies under the IG entity you trade with. Also, IG entities in jurisdiction or another will offer particular conditions for your trading. Alike spread betting is available only for UK residents, while Cryptocurrencies not available for trade in Japan and UK at all. Also, we check other fees like deposit or withdrawal fees and non trading fees.
