IG Forex Review
IG is one of the reliable and most respected names in online trading. The platform brings all the tools you need to trade stocks, commodities, and currencies at the very best prices. With its educational and support programs, it arms traders with the know-how to trade successfully.
As a global leader in CFD trading and one of the fastest-growing brokers in the industry, its research team, highly trained analysts and respected technology platform put IG at the forefront of global trading.
IG Forex Review Contents
Is IG Safe?
IG is a British multinational financial services firm offering financial products such as foreign exchange, contracts for difference (CFDs), spread betting, and online trading in shares, currencies, indices, funds and commodities. It is a leading global provider of foreign exchange and CFD trading and has offices in different countries worldwide.
IG is among the most trusted names in trading, currently operating under a license granted by six tier-1 regulators (high trust), three tier-2 regulators (average trust), and one tier-3 regulator (low trust). Consistently ranked among the safest and most secure exchanges in the world, IG Group has been authorised by several regulatory bodies. Of particular note are the authorisations from ASIC, MAS, FINMA, FCA, and CFTC.
Who can use IG?
IG is one of the world’s leading providers of CFDs to retail investors, and as a result, IG has become synonymous with CFDs. In the U.S. If you’re ready to trade with one of the world’s largest CFD providers, IG will help you make smart, secure trades. They will also help you learn how to use their platform, so your trades are successful. As a fully regulated and authorized financial institution in the EU, IG empowers clients to trade global financial markets.
The exchange of global currencies is available to anyone with an internet connection from the comfort of their own home or mobile device. With tight spreads, free trading tools, live chat, and educational resources, this broker offers a full-service brokerage experience online.
IG Group is a leading provider of online brokerage, CFD trading as well as derivatives trading services. The company offers a variety of platforms for its clients in major financial centres worldwide. In addition to its web-based service, IG is accessible on mobile and tablet devices through smartphone browsers.
IG provides user-friendly online platforms, along with powerful desktop and mobile applications that help you stay on top of the markets. IG’s user interface is extremely intuitive and simple for beginners to pick up. Instead of incorporating more features, the team has focused on ensuring that every feature is accurate and easy to use. No confusing layout or design elements.
IG’s powerful trading platform features a variety of chart types and drawing tools. It’s also compatible with Bloomberg, Reuters, eSignal, Extra-Time and many more. With ProRealTime’s advanced charting features, traders can see a visual representation of their trades and market activity to aid long-term planning.
With advanced trading features and tools, including price alerts, stop losses, and charting with multiple time frames, IG trading platform enables you to stream real-time news and research content for free.
IG Range of offerings
IG offers a comprehensive catalogue of markets globally. Its futures and options trading is open on a variety of instruments, and its lively global trading platform makes it easy to execute trades. In the UK, IG offer: Forex, Bonds, ETFs, Options, Industry sectors, interest rates, Indices, Shares, Commodities, and Cryptocurrencies.
IG Markets provides spot forex financial services that enable customers to speculate, hedge and trade in the global financial markets. Categories include Majors, Minors, Australasian, Scandinavian, Exotic, and Emerging Markets.
IG offers a variety of professional and institutional services. Their high-end service products provide clients with unrestricted power to make investment decisions for savings, retirement, and other assets. Clients can select from a wide array of professionally managed accounts, funds, and insurance based investment solutions.
Commissions and Fees
The global growth of financial markets combined with an all-time high number of retail traders has created more market participants than ever before. Using its market-leading size, IG is able to offer its active trader customers competitive pricing than most other providers in the industry. From stocks, futures, precious metals and indices, to foreign exchange and CFDs, IG’s competitive pricing provides the best execution on the market.
For IG’s CFD accounts, spread averages during the main trading session from Midnight – 9 pm (GMT+1 time) averaged 0.745 pips in August 2020. It should be noted, however, that as is the case with other brokers, spreads during low-liquid times are higher than normal, averaging 1.39 pips at IG in August 2020 during the 2100 – 0000 (GMT+1) session.
IG’s Customer Service department can be reached at any time through a toll-free number 8 AM to 6 PM. Available to customers via email, social media, and the comprehensive customer service centre, IG’s customer service is an easy way to get started investing. If you have any questions or concerns, their team is committed to resolving them in a timely manner.
Not only does IG provide support in several languages, but it also offers licensed operations and satellite offices across the globe. This draws interest from a broader client base and better supports IG’s online customer base. U.S. based telephone, email, and Twitter support is available 24/5. Additionally, IG (U.S.)’s FAQs and Support Pages are always up-to-date with the latest info.
IG Markets Trading Platforms
For traders that want to trade using their computer, mobile device, or tablet, IG markets offer a fully customizable trading platform available on all of these devices. IG Markets provides a trading platform that recognizes the importance of simplicity, efficiency, and customization. The platform comes equipped with hundreds of technical indicators and features, making your trading experience with IG Markets even better.
The current platform includes a vast selection of features designed to help traders take full advantage of the IG Trading environment. All the tools needed for day trading, including charts that update in real-time as markets open or close, are included within an intuitive web-based platform available 24 hours a day.
IG’s advanced web platform provides the trader with a wide variety of research and trading tools, including risk management modules integrated directly. More advanced traders may have to take a few minutes to set up IG’s customizable layouts, as the default view is mostly empty.
IG Client Sentiment
IG offers one of the best trading platforms in the industry, and their Client Sentiment Indicator displays long and short positions from IG traders across assets. By using this indicator, traders can review long and short positions on a specific asset before taking trades. This can provide valuable insight into pending trend changes if traders understand how to interpret them.
When used in conjunction with other technical indicators, the IG Client Sentiment indicator can help traders determine short-term directional changes. Considered by many traders to be a contrarian tool, it has the ability to detect and identify divergences between customer sentiment and current price action. By identifying a neutral or negative outlook, it can help confirm and validate a current trend or identify opportunities for potential reversals.
When the asset trades in a corrective phase but market sentiment supports long positions, it may suggest that a trend reversal is pending. Another example would be a drop in net short trades with the (stock, currency pair) trending higher. It’s important to remember that the majority of the IG Client Sentiment is a result of retail activity, and so it may not always serve as an accurate indicator.
The IG Client Sentiment allows the trader to get an insight into retail sentiment within the market. By allowing for an understanding of trends through a balance of buying and selling, one is able to gauge approaches that may lead to success in the market.
Education and Research
IG Markets is committed to creating education and research materials that are well-informed, timely, accurate, and unbiased. All of their material is independently reviewed in-house to ensure accuracy. IG provides insights from the pros in order to help you make better trading decisions.
With a world-class research team of analysts, as well as contributors from over a dozen markets across the globe, IG covers anything and everything you need to stay ahead of the markets. Research from IG Markets has a strong educational focus, making it helpful for both professional and private investors looking to get started in the world of trading.
Integrating Autochartist and PIA First into its platform, IG provides traders with the trading signals generated by automated pattern-recognition and technical analysis. Moreover, traders can copy these ideas by simply clicking a button, saving their time and efforts. Research and insight from Real Vision TV are available to IG traders through an exclusive partnership.
IG Education and Research provides fundamental and technical trading signals through their trading platforms. The broker also sends clients trading alerts via email, SMS, or push notification to help them reach their long-term goals faster.
IG Markets is one of the more advanced stockbrokers in today’s market and has been around since 1974. Although its pricing is average, it enables traders to choose from the best assets. The overall experience of using their services is professional and would appeal to new and experienced investors alike. It’s the industry standard for forex and CFD traders. IG is also well known for providing high-quality educational resources to help you learn about trading strategies.
Get the trading tools you need – futures, forex, equities, commodities and indices. Daily market commentary keeps you informed about major developments. The IG Academy is an excellent training platform. IG Markets offers a trading platform with integrated charting capabilities and access to trading signals. The company claims to offer some of the most advanced charting features available to traders. They also offer an upgrade option for traders to access MT4, which is considered by users to be more user-friendly than their default platform.
IG’s competitive pricing and quality of its customer service, research, tools, and education make it a top choice for active traders. With a powerful trading environment, IG Broker is well-designed to suit beginners and experienced traders alike.
Overall, the trading environment on IG is excellent, with everything you need from a broker. It’s a solid offering with very good in-depth research and education tools. The platform is superb, and there are plenty of opportunities to learn.