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IG Review 2024

Written by
Gyula L.
Fact checked by
Updated
1w ago
Key data
Fees
Safety
Deposit and withdrawal
Account opening
Mobile app
Web trading platform
Product selection
Regulated and trusted. Tested via live trading.
15,765 people chose this broker
Available in United States

Why choose IG

IG is a CFD and forex broker. It has a well-designed and user-friendly trading platform, many useful educational tools, and great funding and withdrawal options.

On the other hand, IG's trading fees are high for stock CFDs. The product portfolio is limited, as in most countries IG offers only CFD and options trading. Customer support could also be better.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Note that CFDs are banned in the US. US-based clients can only trade forex on IG.

CFDs are banned in the US. If you are a US resident, you will not be able to trade CFDs at IG.

  • First-class web trading platform
  • Superb educational tools
  • Great deposit and withdrawal options

Explore the key metrics of IG

Overall score
4.5/5
Minimum deposit
$0
FX fee
Low
Index CFD fee
Low
Withdrawal fee
$0
Account opening
1-3 days
Visit IG

71% of retail CFD accounts lose money

Not sure if this is the right broker for you? See the best ones.

See how the best brokers in the United States compare to IG

EURUSD spread
Usual spread in pips

Fees

Score: 3.5/5
IG has low non-trading fees. Withdrawals are free of charge and the inactivity fee is charged only after 2 years. On the negative side, stock CFD fees are high.
  • No withdrawal fee
  • Inactivity fee charged only after 2 years

We compared IG's fees with two similar brokers we selected, eToro and XTB. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of IG alternatives.

Low FX fees

All fees are built into the spread, so there is no separate commission charged. For example, the EUR/USD spread is 0.6.

Broker
EURUSD spread
FX commission per lot
IG
0.6
No commission is charged
eToro
1.0
No commission is charged
XTB
0.8
No commission is charged
IG forex spreads and commissions

Low index CFD fees

All index CFD fees are built into the spread. The spread for S&P 500 index CFDs is 0.4.

Broker
S&P 500 CFD spread
IG
0.4
eToro
0.8
XTB
0.5
IG index CFD spreads and commissions

High stock CFD fees

The commission for stock CFD trading is the following: $0.02 per share; min $15.

Broker
Apple CFD
IG
$15.1
eToro
$2.0
XTB
$2.9
IG stock CFD spreads and commissions

No inactivity fee, no withdrawal fee

IG charges no account, deposit, or withdrawal fees.There is an inactivity fee of $12 per month, but it is only charged after 2 years of inactivity. This fee, however, may be different based on the legal entity: for clients belonging to the Bermuda entity, for example, it is $18 per month after 2 years of inactivity.

Broker
Inactivity fee
Withdrawal fee
IG
$0
eToro
$5
XTB
$0
IG inactivity, withdrawal and other fees

Other commissions and fees

Low options fees: Trading US index options is charged as follows - $0.1 per contract.

Broker
US stock
UK stock
IG
$15.0
$10.0
eToro
$0.0
$0.0
XTB
$0.0
$0.0
Misc. fees compared with other brokers

Safety

IG is regulated by several financial authorities globally, including top-tier regulators like the FCA in the United Kingdom. IG Group, the parent company of IG, is listed on the London Stock Exchange.
  • Majority of clients belong to a top-tier financial authority
  • Listed on stock exchange
  • Negative balance protection
Read more

Deposit and withdrawal

Score: 4.4/5
IG offers free and fast deposit and withdrawal options. There are various options for funding your account, including traditional methods such as wire transfer and bank card funding, as well as PayPal.
  • Bank card available
  • Free withdrawal
  • No deposit fee
Read more

Account opening

Score: 4.4/5
IG's account opening is seamless and fully digital. There is no minimum deposit for bank transfers and a low, $/€300 minimum deposit for credit/debit cards and PayPal. On the other hand, account verification takes around 3 business days, which is slower than at some other brokers.
  • Fully digital
  • Low minimum deposit
  • No minimum deposit for bank transfer
Read more

Mobile app

Score: 5/5
The IG mobile trading platform is easy to use and has great functionalities.
  • User-friendly
  • Good search function
  • Touch/Face ID login
Read more

Web trading platform

Score: 5/5
IG's web trading platform is great for both beginners and professional traders. It is easy to use, has all the necessary functions and can be customized.
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
Read more

Product selection

Score: 3.7/5
At IG, most clients can only trade CFDs, forex and options. There are literally thousands of CFDs available to trade. Residents of the UK and some other countries can also trade real stocks. However, other popular assets like mutual funds and bonds are not available.
Read more
“This brokerage has two identities. Outside of the US, it is primarily a platform for trading CFDs, while US customers in 48 states can only trade currencies. IG offers negative balance protection and guaranteed stop loss orders to all but US customers. Costs are average, but IG’s educational pages are well-designed and informative.”

FAQ

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Author of this review

Gyula Lencsés, CFA
Gyula Lencsés, CFA

Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His goal: simplify the hunt for top brokers in a dynamic investment landscape.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Visit IG 71% of retail CFD accounts lose money

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