Founded in 1974 and headquartered in London, IG Group is one of the oldest and most established online trading brokers in the world. Over the past five decades, IG has grown from an early pioneer in financial spread betting into a globally recognised multi-asset brokerage, serving retail and professional clients across more than 100 countries. It is a publicly traded company on the London Stock Exchange (LSE: IGG), which adds a layer of corporate transparency and accountability.
IG's global reach is supported by multiple regulated entities, including authorisation from the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, the Monetary Authority of Singapore (MAS), Germany's BaFin, the Dubai Financial Services Authority (DFSA), and Japan's Financial Services Agency (FSA). This multi-jurisdictional footprint means IG can tailor its product offerings to local regulations while maintaining consistent execution quality globally.
What truly sets IG apart is the sheer breadth and depth of its product range. Traders can access over 17,000 instruments spanning forex pairs, indices, commodities, equities, cryptocurrencies, bonds, and even interest rates on a platform refined over decades. IG also stands out for its award-winning proprietary platform, which balances powerful charting with user-friendly navigation. Combined with competitive spreads, no minimum deposit, robust research tools, and a strong regulatory framework, IG remains a go-to broker for both beginner and advanced traders worldwide.
| Detail | Information |
|---|---|
| Founded | 1974 |
| Headquarters | London, United Kingdom |
| Regulated by | FCA,ASIC,MAS,BaFin,DFSA,FSA |
| Min Deposit | $0 |
| Max Leverage | 30 |
| Platforms | MT4, MT5, TradingView |
| Islamic Account | Available |
| Copy Trading | Not available |
| Demo Account | Available |
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|---|---|---|---|
| EUR/USD | 0.80 pips | $0 | 0.80 pips | 0.80 pips |
| XAU/USD | 0.30 pips | $0 | 0.30 pips | 0.30 pips |
| S&P500 | 0.40 | $0 | 0.40 | 0.40 |
| Feature | Available |
|---|---|
| Demo Account | Yes |
| ECN/Raw Account | Yes |
| Islamic (Swap-free) | Yes |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| Expert Advisors (EA) | Yes |
| Copy Trading | No |
IG offers a fully compliant Islamic (swap-free) account for Muslim traders. This account type applies no interest or swap charges on overnight positions, respecting Sharia law. To avoid hidden costs, IG manages the absence of swap by applying a slight adjustment to certain trades — primarily via a small administrative fee on positions held open for more than a few days, or by slightly widening the spread on select instruments. This is disclosed transparently in the account terms.
Eligibility is easy: simply contact IG support or request the swap-free feature during the onboarding process. The Islamic account is available on all platforms, including MT4 and MT5, and provides the same market access, execution, and education resources as the standard account. It is genuinely swap-free, not a marketing gimmick, and has been repeatedly tested by independent reviewers.
| Feature | Details |
|---|---|
| Islamic Account Available | Yes |
| Swap Fees | No swap fees |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
| Asset Class | Examples | Available | Typical Spread |
|---|---|---|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | 0.80 pips |
| Gold (XAU/USD) | Spot Gold | Available | 0.30 pips |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|---|---|---|---|---|
| IG (current) | $0 | 0.80 pips | Yes | Yes | 3.7 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
IG is one of the most comprehensive and reliable forex and CFD brokers available globally. For traders seeking a whole-of-market experience — whether that's FX, indices, shares, cryptos, or bonds — IG delivers a nearly unmatched product range backed by robust regulation and decades of execution expertise. The combination of low-cost spreads, powerful platforms, and excellent educational content makes it a strong default choice for both novice and intermediate traders.
More seasoned traders will find IG's professional account and raw spread options viable, although pure cost-focused scalpers using high-frequency strategies may find slightly cheaper pricing elsewhere, such as with dedicated ECN brokers. And residents of countries where IG does not hold a license, such as US retail clients, will need to look elsewhere.
Our overall score of 3.7 out of 5 reflects the fact that IG is excellent across nearly every category, but not quite perfect at any one. It lacks cTrader, imposes a $0 min deposit but effectively recommends a reasonable funding amount, and its share CFD commissions are standard. Still, as a global hub broker, IG earns top marks for trust, transparency and overall trading experience. For most traders, IG should be firmly at the top of a shortlist.