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If this is important to you, consider our top-rated halal broker – AvaTrade. It’s also reassuring to see IG employ security measures like 256-bit SSL encryption and offer two-factor authentication during login, creating a secure trading environment. The broker is also regulated within the European Union through the MiFID passporting system. The company’s analysts are also frequently cited in the news as trusted sources for market analysis.
The product portfolio is almost unrivalled and the web platform is top-tier with excellent charting tools and news from Reuters. And they’re big, regulated and well -known – not one of these rogue operators nobodfy has ever heard of. Spoken to the lads at IG countless times on account stuff, withdrawal questions, tooling, not had any issues. It’s all there in the platform at a click and you don’t get ‘no data found’ or ‘not enough data’ like I’ve seen on other softwares. This average customer rating is based on 3 IG customer reviews submitted by our visitors.
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As one of the oldest and most respected forex brokers in the industry, IG was founded in 1974 under the name IG Index. A trader can choose the entity they trade with (e.g. FSCA in South Africa) which determines factors such as the leverage available when forex trading. This has resulted in 1.8 million points of positive slippage to clients, which is equivalent to nearly £3.3 million that were passed on to IG traders. IG broker also source their forex market quotes directly from the world’s largest global exchanges and banks.
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The commission-free Forex spread of 0.6 pips represents a highly competitive cost but only applies to the EUR/USD. IG does not offer commission-based raw spreads, but the commission-free pricing environment remains among the most competitive with deep liquidity. IG has a 3.9 out of 5.0 rating on Trustpilot based on 7,474 reviews. IG maintains an excellent regulatory track record, segregates client deposits from smartytrade review corporate funds, and offers negative balance protection.
What IG does do is offer different account types within its own platform that traders can choose to access if they want to. This is something you will commonly see offered by more forex-focused brokers, who offer things like ‘raw’ spread accounts or micro lot accounts. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. IG offers a significant range of trading options with 97 forex pairs and 19,537 tradeable symbols, which is considerably above the industry average of 3,623 symbols. IG provides an industry-leading proprietary platform and supports MetaTrader 4, ensuring traders have access to powerful trading solutions.
IG is a top-tier choice for traders seeking best-in-class forex and CFD options. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with IG please share your personal review of the broker and what you think are strong and weak points. The online platform took a little while to get used to but now that I’ve customized my workspace, I’ve got access to all the research and analysis functions I need in a user-friendly view.
Although it doesn’t fit the profile of a discount broker, IG offers competitive pricing for active traders, notably through its Forex Direct solution, allowing for efficient execution of substantial orders. Some traders may be disappointed to find there is no support for crypto deposits or withdrawals, but this is common practice at established brokers. Considering the negatives, there is no Electronic Communication Network (ECN) account, which often appeals to experienced day traders looking for raw spreads.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.