🔥 IG Test 2021: Broker Experience & Rating

The broker IG Markets - abbreviated as IG - may already belong to the upper class internationally. That means, if you start looking for an online broker, you will most likely come across IG. Trading in binary options and CFDs, as well as trading in foreign exchange - i.e. forex trading - is offered.

IG website and logo

But is IG even a recommendable broker? In order to get an answer to this question, it is important to consider the advantages and disadvantages. And it's also about clarifying for yourself what is important to you personally - only then is it possible to find the best provider for you.

IG Brief Overview - The most important facts about IG

  • IG was founded in 1974
  • Lots of trading instruments
  • Very fair fee model
  • Is regulated by the FCA and BaFin
  • The broker is based in London

Registration with the broker IG: Our step by step guide

If you want to use the broker's services, you first have to open an account. It should be noted here that IG does not put any obstacles in the way: The online broker tries to make it as easy as possible for traders - and with this simplicity indicates that it is also a broker for beginners.

IG Broker account opening and registration

1. Registration with IG 

In order to open an account, it is necessary to provide private data at the beginning. This includes the first and last name. It is also necessary to provide an email address. Finally, a password has to be generated. It is important that you use a rather strong and therefore secure password - i.e. a password that is composed of letters such as numbers and special characters.

2. Verification

To confirm your identity, it is important to upload photo ID. This could be your identity card, passport or driver's license. If it is a question of confirmation or proof of the address of residence, a consumer invoice must be attached. The name and address must be clearly legible on the invoice; ideally, you take the bill from an electricity and gas supplier. It is important that the invoice is not older than six months.

3. deposit

IG only accepts deposits by bank transfer and / or credit card. If the trader decides to deposit with the credit card, the money is available immediately, but a deposit fee of 1,5 percent of the selected amount must be paid. There are no fees for bank transfers, but it takes two to four working days for the amount to be available in the IG account.

4. Trading on the platform

IG account registration completed and account login

Once the deposit has been made, it is then possible to use the broker's services.

What is the IG Broker? The history of the broker

IG may well be one of the oldest providers on the market who offer trading in CFDs, forex such as stocks and other financial products. IG Group Holding is behind IG and was founded more than four decades ago - more precisely in 1974 in London, Great Britain. The company's headquarters are also located in London.

IG is available in more than ten languages ​​- and since there is also a German-language version, IG is particularly popular in German-speaking countries. The German branch of the online broker is also located in Düsseldorf. That means that IG is also represented in Germany.

But what is the online broker's secret of success? First and foremost, it's trustworthiness. IG scores with a serious demeanor and is regulated by several supervisory authorities. This means that IG is not only regulated by the Financial Conduct Authority (short: FCA, Great Britain), but also by the Federal Financial Supervisory Authority (short: BaFin, Germany): This means that it can already be ruled out at this point that it is is a fraudulent (or untrustworthy) provider.

More than 1.000 people work for IG Group Holding. In addition, IG Holdings plc, the company's limited liability company, is represented in the TFSE 250 stock index - this index includes the 250 largest English companies.

Our IG experiences: The IG conditions in the test

IG Handel advantages and experiences at a glance

At IG you can not only trade currencies and CFDs on very attractive trading platforms, but also work with different types of trading. These include, for example

  • ladder
  • Hi-lo
  • Tunnel
  • One Touch
  • High Low
  • Target

Such an offer has so far only been made available by relatively few online brokers. And IG also scores with CFDs such as Forex. There are more than 7.000 underlyings here. That means, you will probably find the right assets here.

Trading at IG: The range of individual trading instruments being tested

IG trading options and markets at a glance

The offer of the online broker is primarily based on trading with different currency pairs. This is also the reason why the focus is on Forex trading - after all, it was the very first line of business that IG specialized in. Over time, however, the range of products and services grew - today there are many other financial products that can be used. There is trading with CFDs, which can be compared to leverage-based Forex trading. Thus, the trader has the chance to achieve high profits with a small investment. Of course, there is a risk here that it can also go in the other direction - that is, high losses are of course possible. The risk of leveraged financial products should never be underestimated.

The range presented by IG is extensive and offers many interesting possibilities. So it is no surprise that IG is one of the market leaders in the industry.

It should be noted that leverage is probably the most important indicator when comparing the various online brokers with one another. The maximum leverage at IG is 200 to 1. That means, with an investment that is 50 euros, you can set 10.000 euros in motion on the market. In this case, even changes in the penultimate or last decimal place have an enormous effect on further profit and loss.

IG also scores with other features that will appeal to both experienced traders and professionals.

  • Barriers

Here, control is taken over the leverage and the risk is distributed across a large number of markets - in this case the prices then move 1 to 1 to the base value.

  • CFDs

The trader can trade the difference between the opening and closing price here - for stocks like Forex, you get direct market access. Using Stops and other tools can reduce the risk.

  • Vanilla options

Even in sideways-moving markets, you can book correspondingly attractive profits here - the exercise price, the due date and the premium of the leverage are checked when buying. In addition, there is any due date - either daily, weekly or even monthly or quarterly.

Trading stocks & ETFs

IG trading stocks and ETFs

IG offers more than 16.000 stocks. The advantage of choosing IG? You can acquire shares in public companies, i.e. invest directly in the company, or speculate with the price movement.

IG Handel index markets at a glance

Trading Forex

IG Forex Trading - Overview

Not only the classic majors are offered here, but also secondary currencies and exotic currencies. Forex traders will get their money's worth here because IG has specialized in forex trading for years.

Trading in raw materials

IG trade in raw materials

But raw materials are also offered. For example gold, oil and silver. This means that anyone who wants to trade with raw materials and / or precious metals is at the right address with IG.

Trading in cryptocurrencies

IG cryptocurrency trading

Whether Bitcoin, Litecoin or Ether - anyone who wants to work with digital currencies, so-called crypto currencies, will be presented with a corresponding selection at IG. It is important that you make yourself aware from the outset that it is of course not safe to speculate with crypto currencies - this is an extremely volatile market.

The functions of the IG trading platform

IG functions of the online trading platform

The user-friendly trading platform made available by the online broker should be positively emphasized. The trading platform can be accessed via the browser - that is, there is no need to download your own software and install it on the PC. Different languages ​​are available - such as German, French and English. The trading platform also scores with some additional functions - the live news feed is particularly popular here.

Various trading platforms, all of which are provided by IG, can be used in parallel. For example, there is the option of working with Meta Trader 4 (MT 4 for short). With ProRealTime and L2 Dealer, there are two other platforms that can be used via IG.

The advantage of choosing IG? Trading platforms are provided that even beginners can easily use. This clearly shows that it is very important to IG to also attract inexperienced traders, who can then gain experience through the online broker IG.

IG account types

If you don't want to risk your savings immediately, you should look for an online broker that provides a demo account. This is often the case in the industry, but it is by no means a matter of course. IG has decided to set up a demo area so that the various features of the broker can be tried out completely safely. So you can test your trading strategies and clarify for yourself whether you are ready for the market or whether you still need some practice.

It should be noted that a credit of 10.000 euros is available - and that the demo account can only be used for two weeks. While some providers do not include a deadline, but leave the demo area open indefinitely, IG has decided to “force” traders after two weeks to now have to work with the live account.

IG Trading Demo Account Opening

In the 14 days, however, the demo account should not only be tried out by beginners - it is also possible as a professional to try out certain strategies in order to then clarify for yourself whether the chosen or favored strategy has the desired effect or not whether one should still work on it.

The IG app

The IG app was developed for Android and iOS and can be used on mobile devices. iOS users have to download the corresponding app from the Apple Play Store, which can then be used on the iPad, iPod Touch or iPhone. With Android devices, make sure that the operating system version 5.0 (or higher) has been installed.

So if you want to trade anywhere, you should definitely take a look at the app from IG.

Of course, there is also the option of installing MT 4 as an app on your mobile device.

The deposit methods at IG

An advantage that must be mentioned: IG waives a minimum deposit - while an amount of 250 euros can be seen as customary in the industry, there are no guidelines from IG as to how much money must end up in the account at the beginning in order to then participate in trading can. And that's exactly what is very beginner-friendly. Because you can top up your account with one euro - of course, whether it makes sense is questionable here, but it is possible to work with the smallest amounts.

Furthermore, the account can be managed in different currencies - for example in

  • Euro
  • British pound
  • US Dollar

IG has also been around for more than four decades, i.e. over 40 years - and that can be taken as an “excuse”, so to speak, why there are no online payment services on offer for the deposit methods. Deposits and withdrawals are only possible by credit card or bank transfer. Please note that a deposit fee is also charged if you decide to use the credit card - here there is a deduction of 1,5 percent of the transferred amount.

Security at IG

If you are interested in IG, you should of course pay attention to whether it is a trustworthy provider or whether there are occasional indications that the online broker is pursuing fraudulent activities.

So much can be revealed at this point: If a provider has been in the market for more than 40 years, you do not have to be afraid that it is a dubious broker - and anyone who deals with regulation can be sure that IG is a highly recommended provider, especially in terms of security.

Regulation of IG

IG is one of the largest brokers on the market - especially when it comes to Forex such as CFDs, there are only a few brokers who can keep up with IG. Due to the fact that the online broker is based in London (Great Britain), it is regulated by the Financial Conduct Authority. This is the UK Financial Regulator.

IG is also regulated by the German Federal Financial Supervisory Authority.

In order to get a license from a supervisory authority, not only must various requirements be met, but the rules must also be strictly followed. There are always controls, so that it is (probably) impossible to be able to pursue fraudulent machinations here.

The online broker IG can very well be described as a safe and trustworthy provider.

Deposit insurance from IG

A requirement that a regulated provider must meet: customer funds must be kept separate from business assets - that is, if IG were to file for bankruptcy, the customers' deposits would remain in their possession and would not become part of the bankruptcy estate. The deposit protection is also 20.000 euros.

IG customer service

In addition to the question of whether it is a reputable broker, the next question is which contact options are available. Because even if it is a very user-friendly interface and IG has taken care to create a simple registration process, problems such as questions can of course always arise. And if you have comments or ideas to improve IG, you would also like to be able to contact the broker's staff.

The establishment of contact works in different ways. Telephone support is one possibility. It is important that you are aware from the start that the majority of the employees only speak English - this is due to the headquarters of the online broker and the fact that the telephone number is to England leads.

But you can also easily enter the live chat and then ask your questions. There are also German-speaking employees in the live chat. They are very competent and friendly and try to present solutions within the shortest possible time.

Of course, contact can also be established by email. Usually emails are answered within 24 hours.

IG conditions: Fees & costs

Another point that must not be ignored is the fees.

IG Conditions and Fees - Margins and Spreads Overview

spreads

The broker makes his money with spreads. The future spreads are around 0,6 for gold and 3 for silver. Due to the fact that variable spreads are used, it is necessary to check in advance how high they are. However, this much can be said at this point: The spreads are within the industry average - IG does not stand out here.

fees

IG does not charge a depository fee. An inactivity fee of 14 euros / month will only be charged if the trader does not set any more activity. This fee is only due after the trader has been inactive for over two years.

The clearing account is also available free of charge.

Experiences and user opinions about IG on the Internet

In order to find out whether it is a reputable and recommendable provider, it may be advisable to take a look at the reports that can be found on the Internet. Here, experience reports from traders who have already used or are still using the offer are particularly helpful. It is important not to be disturbed by individual negative reports - there are always disappointed traders who are of the opinion that it was not their strategy that was wrong, but ultimately the broker is responsible for the misery.

Only when the negative testimonials actually predominate or there are no or very few positive comments, you should keep your hands off the provider.

This is not the case with IG. Here the positive experience reports predominate.

IG Broker customer reviews and experiences
IG Broker user opinions and ratings

Is IG a scam or serious? Our IG rating

If you take into account, on the one hand, the fact that IG has been on the market for more than 40 years and is regulated by several supervisory authorities, the question of whether this could be fraud cannot arise. IG is a serious provider who can certainly be trusted.

Cons of IG: What didn't we like?

The demo version that is made available ends after 14 days. In addition, there are only very few deposit options available - and those who opt for the credit card have to pay a deposit fee of 1,5 percent of the transferred amount.

Advantages of IG: What we liked

First and foremost, the regulation speaks for the broker. As a result, the fact that the offer has been around for more than 40 years. In addition, IG pursues a very fair fee model - the deposit and the clearing account are free of charge. IG also scores with a wide range of trading instruments.

IG Experiences: Frequently asked questions about the broker

What is IG?

IG is an online broker that offers Forex trading such as CFDs. The online broker is based in London. Regulation is carried out by the British FCA and the German BaFin.

Is IG a Recommended Broker?

Due to the fact that it is a reputable broker who offers a wide range of trading options, it can very well be spoken of as a recommendable provider.

Will I be able to trade successfully with IG?

Yes - the broker will definitely not put any obstacles in the way. That is, with the appropriate strategy, it is possible to become successful.

How is the test and the experience of Bitcoin-news.one about IG?

If a broker has been on the market for more than 40 years, that clearly speaks for them. IG is very much a highly recommended broker - regardless of whether you are a beginner, advanced or professional.

Frequently asked Questions: 

IG is an online broker that offers Forex trading such as CFDs. The online broker is based in London. Regulation is carried out by the British FCA and the German BaFin.

Due to the fact that it is a reputable broker who offers a wide range of trading options, it can very well be spoken of as a recommendable provider.

Yes - the broker will definitely not put any obstacles in the way. That is, with the appropriate strategy, it is possible to become successful.

If a broker has been on the market for more than 40 years, that clearly speaks for them. IG is very much a highly recommended broker - regardless of whether you are a beginner, advanced or professional.

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Rebecca Tilden

There is no doubt that cryptocurrencies and the technology behind them are our future. Rebecca Tilden strives to make the transition easier for everyone by providing useful information to be part of the revolution.

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