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IG

IG is a globally established broker founded in 1974 and headquartered in London, United Kingdom. With decades of experience, it has built a strong reputation as a leading provider of forex and CFD trading services. IG is known for its extensive range of tradable instruments, including indices, commodities, gold, oil, crypto CFDs, real crypto, stocks, and ETFs.

The broker offers a versatile trading environment with support for MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, and its own proprietary platform. IG provides multiple account types to cater to different trader needs, including Standard, ECN/Raw, Islamic/swap-free, and Demo accounts. With a $0 minimum deposit and a maximum leverage of 1:1, IG aims to be accessible to a wide audience while prioritizing a secure trading environment.

4.3/5
Overall Score
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1974
Founded
London, United Kingdom
Headquarters
$0
Min Deposit
1:1
Max Leverage
90
Forex Pairs

About IG

What Is IG?

IG is a globally established broker founded in 1974 and headquartered in London, United Kingdom. With decades of experience, it has built a strong reputation as a leading provider of forex and CFD trading services. IG is known for its extensive range of tradable instruments, including indices, commodities, gold, oil, crypto CFDs, real crypto, stocks, and ETFs.

The broker offers a versatile trading environment with support for MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, and its own proprietary platform. IG provides multiple account types to cater to different trader needs, including Standard, ECN/Raw, Islamic/swap-free, and Demo accounts. With a $0 minimum deposit and a maximum leverage of 1:1, IG aims to be accessible to a wide audience while prioritizing a secure trading environment.

Who Is IG Best For?

IG is well-suited for traders who value regulatory security, a wide range of instruments, and flexible platform choices. The broker’s low entry barrier ($0 minimum deposit) and support for scalping, hedging, and EA/algo trading make it attractive for active traders and those who use automated strategies.

This broker is a strong fit for:

  • Forex traders seeking access to 90 currency pairs
  • Investors interested in trading both CFDs and real cryptocurrencies
  • Algorithmic traders who need EA support on MT4/MT5
  • Those who prefer to trade on multiple platforms, including TradingView
  • Islamic traders requiring swap-free accounts

However, IG may be less suitable for traders looking for copy trading or micro accounts, as these are not offered.

Is IG Safe and Regulated?

IG holds regulatory licenses from several major financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Monetary Authority of Singapore (MAS), the German Federal Financial Supervisory Authority (BaFin), the Dubai Financial Services Authority (DFSA), and the Financial Supervisory Authority (FSA) in Sweden. This multi-jurisdictional oversight underscores IG’s commitment to high regulatory standards.

For traders, this means a high level of safety and transparency. IG adheres to strict client fund segregation rules, ensuring that client funds are kept separate from the company’s operational funds. Additionally, negative balance protection is provided, which can prevent traders from losing more than their deposited balance.

Primary regulator
All licenses heldFCA,ASIC,MAS,BaFin,DFSA,FSA
Segregated client fundsYes
Negative balance protectionYes

Trading with IG

Account Types

Standard AccountECN AccountIslamic (swap-free)Demo AccountPAMM AccountMicro AccountCopy Trading

Trading Platforms

MetaTrader 4MetaTrader 5cTraderTradingViewProprietary Platform

Markets You Can Trade

90 Forex PairsIndicesCommoditiesGold & OilCrypto CFDsReal CryptoStocks & ETFs

Fees and Costs Explained

IG offers a transparent cost structure, though specific spread and commission details are not provided here. The broker provides both Standard and ECN/Raw account types, which typically cater to different trading styles and fee preferences. Traders should review the specific terms on IG’s website for precise spread and commission information.

Regarding deposits and withdrawals, IG has a $0 minimum deposit, making it easy to start. Withdrawal times range from 1 to 5 business days, and IG generally charges no internal fees for standard online withdrawals via bank transfer or debit card. However, some regional entities or methods may incur costs, such as a potential $25 fee. It is advisable to check the relevant terms for your account jurisdiction.

Deposits and withdrawals

Deposit methodsbank wire transfers, debit cards, and credit cards
Withdrawal time1 to 5 business days
Withdrawal feesIG generally charges no internal fees for standard online withdrawals via bank transfer or debit card, though specific regional entities or methods may incur costs like a $25
Inactivity feeNone charged

Trust and verdict

Pros and Cons

Pros
  • Strong regulatory oversight from multiple top-tier authorities (FCA, ASIC, MAS, BaFin, DFSA, FSA)
  • Low entry barrier with a $0 minimum deposit
  • Wide range of tradable instruments including forex, indices, commodities, crypto, stocks, and ETFs
  • Supports popular platforms: MT4, MT5, TradingView, and proprietary platform
  • Allows scalping, hedging, and EA/algo trading
  • Offers Islamic/swap-free accounts
Cons
  • No copy trading services available
  • No micro accounts offered
  • Maximum leverage is limited to 1:1, which may not suit high-leverage traders
  • Withdrawal times can take up to 5 business days, which may be slower than some competitors
  • Specific regional withdrawal methods may incur fees (e.g., $25)

Trust Signals

9,000
Trustpilot reviews
active
Trustpilot status
52 yrs
Operating since 1974

Frequently Asked Questions

Is IG regulated?

Yes, IG is regulated by multiple financial authorities, including the FCA (UK), ASIC (Australia), MAS (Singapore), BaFin (Germany), DFSA (Dubai), and FSA (Sweden). This ensures a high level of oversight and client protection.

What is the minimum deposit for IG?

The minimum deposit for IG is $0. This means you can open an account without making an initial deposit, making it accessible for traders with any budget.

Does IG offer an Islamic account?

Yes, IG offers Islamic/swap-free accounts, which are designed for traders who follow Sharia law and cannot earn or pay interest. These accounts are available alongside Standard, ECN/Raw, and Demo accounts.

What platforms does IG support?

IG supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, and its own proprietary platform. This variety allows traders to choose the interface that best suits their trading style.

Does IG allow scalping and algorithmic trading?

Yes, IG allows scalping, hedging, and EA/algo trading. This makes it suitable for active traders who use short-term strategies or automated trading systems.

Verdict

IG is a reputable and well-regulated broker that offers a comprehensive trading experience for a wide range of traders. Its strengths lie in its regulatory safety, diverse instrument selection, and flexible platform support. The $0 minimum deposit and the ability to trade with EAs and scalping strategies make it a solid choice for both new and experienced traders. However, the lack of copy trading and micro accounts, along with a maximum leverage of 1:1, may be limiting for those seeking those specific features. Overall, IG is a reliable choice for traders who prioritize security, variety, and advanced trading capabilities.

Quick Facts
RegulationFCA,ASIC,MAS,BaFin,DFSA,FSA
Min Deposit$0
Max Leverage1:1
Founded1974
Islamic AccountYes
Copy TradingNo
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Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
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