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
Fees
- 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.
Low index CFD fees
All index CFD fees are built into the spread. The spread for S&P 500 index CFDs is 0.4.
High stock CFD fees
The commission for stock CFD trading is the following: $0.02 per share; min $15.
Low inactivity fee, low 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.
Other commissions and fees
Low options fees: Trading US index options is charged as follows - $0.1 per contract.
Safety
- Majority of clients belong to a top-tier financial authority
- Listed on stock exchange
- Negative balance protection
Deposit and withdrawal
- Bank card available
- Free withdrawal
- No deposit fee
Account opening
- Fully digital
- Low minimum deposit
- No minimum deposit for bank transfer
Mobile app
- User-friendly
- Good search function
- Touch/Face ID login
Web trading platform
- User-friendly
- Clear fee report
- Two-step (safer) login