Overview of IG Broker and Trading account opening

THE ESSENCE:

  • The IG account opening is fully digital and user-friendly
  • IG accepts clients from almost all countries
  • Click on Create a live Account on IG to start the registration process
  • Have your Social Security or tax identification number, employer and bank account information ready
  • There is no minimum deposit required at IG

IG Broker Account Opening in 2023
Countries where IG accounts can be opened

Fortunately, almost anyone can open an account at IG. The few exceptions are typically residents of countries with unstable economic or political backgrounds.

Check out this table to see whether IG is available for residents of the listed countries:

Availability of IG accounts in 15 countries
Country Availability
Australia Yes
Canada No
China Yes
Germany Yes
Hong Kong Yes
India No
Ireland Yes
Japan Yes
Malaysia Yes
Netherlands Yes
Singapore Yes
South Africa Yes
United Arab Emirates Yes
United Kingdom Yes
United States Yes

Your country is not on this list? Don’t worry, here is a smart geochecker tool for you:

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79% of retail CFD accounts lose money

Disclaimer: 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.

IG Broker Account Opening in 2023
How to open IG trading account

Here’s what you need to do to open an account at IG.

  1. Choose IG account type - make sure you select the right type of brokerage account (if applicable) before submitting any of your personal information.
  2. Add personal info - add your email address and create a username and password of your choosing. Fill in the basic information questionnaire including your name, birth date, address, nationality, and employment status.
  3. Enter regulatory information and investment objectives - provide financial data and objectives as requested by the broker.
  4. Verify yourself - scan and upload your proof of identity. This can be a passport, an ID card or a bank statement.
  5. Sign contract - review the information you provided and sign a virtual contract after agreeing to the terms and conditions of the broker.
  6. Fund your account - once your account is confirmed transfer the minimum deposit, or if there is none, any amount of money you want to invest. Start trading.

IG Broker Account Opening in 2023
IG trading account opening features

Check out this table to compare the rating and duration of IG's account opening process to its main competitors.

IG account opening vs. similar brokers
IG eToro XTB
Rating 4.2 stars 5.0 stars 5.0 stars
Account opening time 1-3 days 1 day 1 day
Pros Cons
No minimum deposit None
Number of base currencies
User-friendly

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79% of retail CFD accounts lose money

If you want to read our full IG review, including fees, deposit options and other platforms (like web and desktop) then skip to the IG review for 2023.

IG Broker Account Opening in 2023
Trading account types at IG

Most online brokers offer different accounts based on their clients’ trading experience, the nature of available products and currencies.

At IG, you can have an account denominated in one of 6 different base currencies. This is convenient because if your bank account's currency is the same as any of the base currencies, you won't have to pay a conversion fee.

You can save on conversion fees by opening a multi-currency bank account. Revolut or Wise both offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone. You can read more about brokerage fees in this article.

IG base currencies vs. similar brokers
IG eToro XTB
Base currencies 6 1 5

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79% of retail CFD accounts lose money

IG Broker Account Opening in 2023
IG account opening requirements

To be able to open an account with an online broker, you are generally required to provide proof of identity and proof of residency.

IG accepts the following documents for identification purposes:

Proof of identity: ID / passport / driver's license
Proof of residency: bank statement / utility bill

There is no minimum deposit required by IG.

This makes IG an ideal broker if you want to invest or trade with only a small amount of money. IB is a good broker to start your investment journey with; you can add more funds to your account later as you become more experienced in managing your investments.

Note that IG has no minimum amount requirement for bank transfers, but transactions with credit/debit cards and PayPal must reach at least $300.

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79% of retail CFD accounts lose money

Author of this article

Bence András Rózsa

Author of this article

Bence is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry, specializing in stock and CFD/forex brokers, crypto providers and robo-advisors.

Bence András Rózsa

Broker Analyst

Bence is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry, specializing in stock and CFD/forex brokers, crypto providers and robo-advisors.

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

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79% of retail CFD accounts lose money

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