IG review: What you need to know before signing up.

Comments

Introducing the broker IG

Undoubtedly one of the market leaders, IG — headquartered in England — was founded in 1974 and became one of the first to offer leveraged trading. Alongside IG’s technical and financial excellence, the company’s real strength lies in the large variety of assets available via derivative products, as well as offering (spread and overnight) fees among the most competitive on the market. Over time, IG has continued to innovate, adding cryptocurrencies to its instruments and also introducing 24/7 tradable Turbo24. IG has more than 313,000 clients across 17 countries and provides access to over 17,000 financial instruments across 20 stock exchanges. Its high-quality service and trading platforms have won multiple awards.

  • Head office:
    📍 London, UK
  • Founded:
    🗓 1974
  • Support:
    🇬🇧 English
  • Website:
    🔗 ig.com
  • Regulations:
    AMF, BaFin, FCA & ESMA
  • Execution type:
    Market maker
  • Spreads:
    Fixed or variable
  • Minimum deposit:
    0

Which financial instruments does IG offer?

IG provides derivative products, particularly CFDs, Turbos, and options. These cover several asset classes: shares, indices, commodities, cryptocurrencies. Such instruments allow investors to apply varying degrees of leverage, whether long or short, across numerous underlying markets.

Here’s a list of the financial instruments offered by IG:

  • Shares:
    12000 shares
  • Crypto:
    17 cryptocurrencies
  • Forex:
    80 pairs
  • CFDs:
    17000 CFDs
  • ETF:
    6000 ETFs

What CFD offering does IG provide?

IG is known for transparent fees (spreads and swaps) that are clearly displayed before each trade. Spreads start at 0.8 points on major indices, around 0.016% in fees, and from as low as 0.1 points on commodities. Overnight fees (swap) on major indices are around 0.0055%.

*Please note these fees are indicative only and may vary according to market conditions.

An overview of the main spreads at IG:

  • Spread EUR/USD:
    0.4 pip
  • Spread EUR/GBP:
    0.4 pip
  • Spread GBP/USD:
    0.4 pip
  • Spread USD/CHF:
    0.4 pip
  • Spread CAC40:
    1 pip
  • Spread STOXX50:
    1.5 pip
  • Spread FTSE100:
    1 pip
  • Spread SP500:
    0.5 pip

What are IG’s fees for shares and ETFs?

For shares, there is a 0.05% commission with a minimum fee per stock market order of £5 on European shares and $15 on American shares, plus around 0.0069% as overnight fees. In practice, IG is only really cost-effective for larger orders (several thousand pounds).
IG also offers 6,000 ETFs—around ten on gold and five on oil—available via CFDs.

Regarding Turbo24, IG charges no commissions for orders above £300. For orders below that threshold, a £3 commission applies.

  • European shares commission:
    0,05%
    (min. £5 per order)
  • US shares commission:
    $0.02/share
    (min. $15 per order)
  • Direct share purchase:
    Non
  • CFDs on shares:
    Oui
  • Number of ETFs:
    6000
  • Minimum ETF spread:
    0.2
  • CFDs on ETFs:
    Oui
  • Direct ETF purchase:
    Non

What are IG’s fees for cryptocurrencies?

When trading cryptocurrency CFDs, IG charges 0.25% per transaction, with an overnight fee of 0.0694%. IG offers 17 cryptocurrencies, including popular assets such as Bitcoin, Ether, Litecoin, and EOS. Spreads for Turbo24 are built into the contract price, adding extra simplicity and transparency for traders interested in these derivative products.

  • Number of cryptos:
    17
  • Minimum crypto spread:
    0.2
  • CFDs on crypto:
    Oui
  • Direct crypto purchase:
    Non

Which trading platforms does IG offer?

IG provides a clear, user-friendly platform with a focus on technical analysis, featuring a customisable workspace where you can choose your own windows and indicators. The platform is both fast and intuitive, making it easy to find the assets you’re looking for. The IG platform is specifically tailored to CFD trading and perfectly suited for options and Turbo24 trading. All the expected features are present: multiple order types (market, limit, stop loss, take profit), charts with 17 timeframes that can be split into four separate views, 33 technical indicators, plus news, analysis, alerts, and more.
In fact, there is one platform interface for Turbos, and another for CFDs and options, but they are quite similar to each other. For those preferring a different setup, MetaTrader 4, Pro Real Time, TradingView, and L2 Dealer are all compatible.

Which mobile app does IG provide?

IG has designed a bespoke trading app that gives you access to financial markets and lets you trade at any time directly from your phone. Available on iOS or Android, this app features everything you need to manage your trades: full-screen charts, indicators, order books, alerts, and more. It’s an excellent, user-friendly mobile trading solution.

Is IG a trustworthy broker?

Yes. With over 50 years of experience, IG is one of the industry leaders and is listed on the FTSE 250. IG provides security, transparency, and efficient services for your investments. The customer service is knowledgeable and responsive, and IG safeguards your funds through segregated accounts. IG is authorised and supervised by BaFin (the German Federal Financial Supervisory Authority) and the Deutsche Bundesbank, among other regulators.

Our opinion 8/10

IG is undeniably a top-quality broker offering a vast selection of assets at highly competitive prices. Specialising in derivatives, IG mainly caters to knowledgeable traders interested in short and medium-term trades (intraday or swing trading). With its advanced platforms and sophisticated tools, IG provides an ideal environment for capitalising on rapid market moves. However, IG is not designed for passive investors seeking long-term, family-style holdings. Such investors would likely find a more suitable service elsewhere.

Positive points
  • Wide variety of assets
  • Leverage products
  • Educational content
  • Low commissions
  • Responsive customer support
Negative points
  • No direct ownership (derivatives only)
  • Higher share-dealing fees for small orders

FAQ about the broker IG

Yes. IG provides a free trading simulator that allows you to explore the platform with no obligation. Using this demo account, you have £10,000 in virtual funds to practise trading on Turbo24 and familiarise yourself with all the tools available.

Yes. IG offers a variety of high-quality, in-depth training programmes covering various aspects of trading. These include interactive courses and webinars via IG Academy, an excellent way to develop the necessary skills and knowledge to trade effectively.

IG gives you access to a wide range of financial products, including CFDs on shares, indices, gold, oil, and cryptocurrencies, as well as options and Turbo24. Thanks to this broad selection, investors can diversify their portfolios and seize opportunities across different markets.

IG has designed a high-performance, user-friendly platform tailored to its product range. Traders who prefer other setups can also use MetaTrader 4, Pro Real Time, or the L2 Dealer platform, all of which are compatible with IG. This flexibility accommodates each user’s preferences and trading style.

No. IG does not currently offer Islamic accounts. Investors seeking Sharia-compliant products will need to consider other brokers that provide this service.

IG does not offer a French Plan d’Épargne en Actions (PEA), which is a French-specific product. In the UK, for those looking for something like a stocks and shares ISA or a similar investment account, you would need to look for alternative solutions. IG focuses mainly on derivatives, share dealing, and spread betting, rather than a PEA equivalent.

Yes. IG is a trustworthy broker with extensive experience and full compliance with relevant regulatory authorities. IG offers cutting-edge solutions and ensures client fund security, making it a reliable intermediary for investors.

Opening an account with IG is quick and easy. Simply provide proof of identity and residency, choose which type of account you want (Turbo24, CFDs, Options, etc.), and make your initial deposit. The process is entirely online, so you can start trading swiftly and conveniently.

IG requires £0 as the minimum deposit. However, do keep in mind that traders may wish to deposit more to ensure sufficient funds for investing in the many markets IG offers.

Yes. IG enables trading via the TradingView platform. Through this partnership, users can access powerful charting tools, including more than 100 indicators and 12 chart types. Additionally, IG offers exclusive features such as guaranteed stops and fast order execution. You can trade 24 hours a day, 5 days a week, while also benefiting from robust risk management tools.

User reviews

Write a message

Rate from 1 to 5

Last updated on 21/02/25

IG

Latest offer from IG

Profitez de la puissance de Turbo24 et accédez à une gamme d’instruments financiers diversifiés. Rejoignez IG et bénéficiez de ressources éducatives complètes !