IG Logo
Fact checked by:
Bence András Rózsa
Updated:
Dec 2022
Recommended for
  • forex trading 4.0/5
Trusted broker
  • Top-tier regulation in the UK
  • Compensation in case of broker bankruptcy (terms apply)
  • Long track record - founded in 1974
Popularity
3,393 people chose this broker in the last 6 months

Our take on IG

IG is a CFD and forex broker. IG has a well-designed and user-friendly web trading platform that is easy to customize. You will find many useful educational tools on the website. Funding and withdrawing money is easy and there are multiple 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 be better. BrokerChooser gave IG a 4.6/5 rating based on analyzing 500+ criteria and testing via opening a live account.

BrokerChooser score
4.6 /5
Visit broker 76% of retail CFD accounts lose money
IG is available in United States
S&P 500 CFD benchmark fee
$2.6
Credit/debit card deposit
Yes
Minimum deposit
$0
Negative balance protection
Yes
Pros
Cons
First-class web trading platform
High stock CFD fees
Superb educational tools
Limited product portfolio
Great deposit and withdrawal options
Slow customer support
Expert opinion
“I recommend IG for traders of any experience level looking for an easy-to-use trading platform.”
Gergely Korpos
Co-founder / CPO

IG main highlights

🗺️ Country of regulation UK, EU, Switzerland, USA, Singapore, Japan, South Africa, UAE, Australia, New Zealand
💰 Trading fees class Average
💰 Inactivity fee charged Yes
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1-3 days
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Available
💱 Number of base currencies supported 6
🎮 Demo account provided Yes
🛍️ Products offered ETF, Forex, Options, CFD, Stocks in some countries, Robo-advisory in UK, IPOs

IG summary

To read much more details about the broker's services and features, expand on the sections below.

IG review
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.
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IG review
Account opening

Score: 4.2/5
+
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.
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IG review
Deposit and withdrawal

Score: 4.5/5
+
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 credit card funding, as well as PayPal.
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IG review
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.
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IG review
Mobile trading platform

Score: 5/5
+
The IG mobile trading platform is easy to use and has great functionalities.
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IG review
Desktop trading platform

+
IG's in-house developed trading platform has no desktop version.
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IG review
Markets and products

Score: 4.7/5
+
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.
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IG review
Research

Score: 3.5/5
+
IG offers user-friendly research tools. Its news flow and charting tools are great. On the other hand, fundamental data is not available.
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IG review
Customer service

Score: 4.6/5
+
IG provides close to 24/7 customer support and gives relevant answers. However, email and phone can be slow, while the live chat is offline most of the time.
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IG review
Education

Score: 5/5
+
IG offers good educational resources. You can use a demo account, enroll in courses, sign up for webinars and watch educational videos.
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IG review
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.
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IG review
Bottom line

IG is one of the biggest and most reliable CFD brokers worldwide. It is regulated by several financial authorities around the world and IG Group is listed on the London Stock Exchange.

IG has one of the best web trading platforms BrokerChooser has tested. The deposit and withdrawal conditions are great. You can also expand your knowledge with great educational materials.

On the other hand, forex and stock CFD fees are high and the product portfolio in most countries is limited to forex, CFDs and options. Customer support could be better.

Feel free to test IG's first-class trading platform since there is no minimum funding amount and you can also easily open a demo account. 

Visit broker
76% of retail CFD accounts lose money

IG review
FAQ

+
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Author of this review

Gyula Lencsés, CFA

Author of this review

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

Gyula Lencsés, CFA

Head of Content

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

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
76% of retail CFD accounts lose money

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