IG is one of the most popular brokers in the forex market. But is this broker the right one for you? Understand what IG has to offer so you can make this decision with ease.
Introducing IG Broker
IG is a multi-award winning and world-leading online trading broker and investments provider. They provide investors and traders with access to possibilities across hundreds of financial markets through their user-friendly trading platforms and mobile applications.
IG was one of the first trading brokerages to be established in 1974, and since then, the company has developed to become a leader in the industry. IG now has more clients throughout the globe than the majority of other trading brokers. From its locations in 15 countries, spread out over five continents, they provide services to clients all over the world.
IG Group is a publicly-traded company on the London Stock Exchange and is recognized as one of the largest trading firms in the world. IG is able to separate itself from the competition because of the fact that it is a listed trading firm, which is actually pretty unusual.
They contribute to the empowerment of traders who are knowledgeable and decisive by providing access to over 18,000 markets, including forex, equities, indices, commodities, and cryptocurrencies, all at rates that are competitive and trade execution speeds that are quick.
IG Regulations
Many traders have placed their faith in IG due to its status as one of the major brokers in the world and its provision of first-rate services. They are totally engaged in the safety and success of their customers and are regulated and licensed to provide online trading services in numerous countries across multiple continents.
If you are a retail client and put money into an IG account, that money will be safeguarded in a variety of different ways. When you make a deposit into an IG account, you don’t need to worry about the safety of that money because they are kept in separate accounts at banks that are subject to regulation and are overseen by trustee arrangements. This ensures that the cash does not become IG’s property and instead stays in your possession.
It also indicates that the money can be easily identified as belonging to the customer, which implies that IG and its creditors do not have any rights of charge, lien, set-off, or detention over the money. They have a number of separate bank accounts with a variety of respectable high street banks, including Barclays and Lloyds, among others. They are not allowed to keep all of their customers’ money in one location, so they deliberately spread it out across several different banks.
IG Platforms
IG provides customers with a selection of trading platforms that are designed to be quick, user-friendly, dependable, completely customizable, and versatile. These platforms are compatible with desktop computers, laptops, web browsers, and mobile devices. You have the option of trading on IG’s own trading platform, ProRealTime, L2 Dealer, or the ever-popular MetaTrader 4 trading platform. All of these platforms are available to you.
Aside from that, the broker provides direct market access for experienced traders who wish to engage in transactions directly within the order books of major equities exchanges. You need to select a platform that is suitable for use with the many devices you have, as well as one that has the features and functionality that your trading tactics demand.
If you are already familiar with a specific trading platform, then it is possible that you will find it most beneficial to remain with that particular choice. MetaTrader 4, which is generally a popular option among beginning traders, is the platform that you should use if you are new to trading online; however, the IG trading platform is also quite robust and full of essential features.
IG Tools
IG also provides in-platform assistance, which assists traders in making decisions quickly with the use of strong tools that are integrated into the platforms themselves. These tools may be utilized to assist in reinforcing decisions with buy and sell signals, reacting to events with up-to-the-minute news from Reuters, and informing trading decisions with professional market analysis. One of the best tools to have on hand is a subscription to the best forex signals. This can help save you a ton of time on technical analysis as you’ll have the experts handling it for you.
In the event that you require assistance with your trade, IG has you covered. The IG trading platforms are equipped with a comprehensive selection of built-in indicators that may assist traders in determining if a market is a range or trending. You may add a technical indicator to the charts, which will help you obtain a more accurate image of how prices are moving, whilst a fundamental indicator will assist you in recognizing changes in market mood and movements brought on by the publication of economic data.
IG Education
If you are new to the markets or just want to brush up on your abilities, IG offers a variety of tools to help you uncover opportunities and take your trading to the next level. Whether you are new to the markets or just want to brush up on your skills, IG can help. Your trading expertise and knowledge can both benefit from your participation in the IG school.
The IG Academy is a cost-free educational resource that may assist you in developing into a more effective trader. You can pick from a diverse selection of webinars and online courses. My impression is that the content is most appropriate for those who are just starting off. I had a look around, but I didn’t really pick up anything that would be new to me, given the amount of time I’ve spent working in the trading industry.
However, the constantly updated market research is fantastic for helping to spark ideas for trades, and the IG community makes it possible to interact with other traders who share your interests. I was looking for particular information on, for example, the signal service, and I got some of the answers to my inquiries in their forum. It is recommended that you pay a visit to the community if you have a specific query and are looking for comments from other users.
IG Customer Support
You may get in touch with IG’s customer support team by e-mail, the phone, Twitter, or arguably the most handy option of all, online chat. The helpful customer service staff is available around the clock, from 8:00 am on Saturday until 10:00 pm on Friday.
Any general, account, or technical issues that you could have will be answered in a timely and effective manner by the vast team that is very helpful to customers like you. There is support available in a significant number of languages.
Through the use of the help and support site, you will have the ability to obtain prompt responses to any issues you may have regarding trading with IG. You will be able to search for particular in a massive data bank or explore a variety of themes once you reach that point.
Final Verdict
IG offers a wide variety of assets for trading on a variety of strong and user-friendly trading platforms, including MetaTrader and direct market access through FIX API. They provide an extensive selection of trading tools and training resources that are appropriate for traders of varying levels of expertise.
We found that the customer care was exceptional, with extremely rapid and effective replies to our inquiries. They provide a comprehensive selection of trading goods and services, in addition to being regulated in a number of countries; as a result, they are regarded as a reliable broker who has the client’s best interests in mind. There is no doubt that IG is a brokerage that a large number of traders are pleased to deal with, and it is not difficult to see why.
