IG

Fees:

  • US Shares: £0 commission after 3+ trades/month, £10 otherwise.
  • UK Shares: £3 commission after 3+ trades/month, £8 otherwise.
  • European & Australian Shares: 0.1% commission.
  • Phone Dealing: £50 per trade (varies by market).
  • Foreign Exchange Fee: 0.5% on currency conversions.
  • Custody Fee: £24 per quarter, waived after 3+ trades or with £15,000 in Smart Portfolios.
  • Other Fees: Standard transfers and voting are free, but other services (e.g., share certificate transfers) may incur a £100 fee.
  • Account Minimum: £250 by card and £50 by bank transfer.

Offer:

Attractive Referral Bonus: A referral bonus is available, offering rewards for introducing new users to the platform.

Trading Platforms:

  • MetaTrader 4
  • ProRealTime
  • TradingView
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  • Extensive Market Access and Trading Options: IG provides access to over 17,000 global markets and supports diverse trading options, including spread betting, CFDs, share dealing, ISAs, and SIPPs.
  • Advanced Trading Platforms and Tools: Users can trade using cutting-edge platforms like MetaTrader 4, ProRealTime, and L2 Dealer, along with a user-friendly web platform and mobile app for trading on the go.
  • Educational Resources and Customer Support: IG Academy offers free courses and webinars for traders of all levels, while 24/5 customer support ensures assistance is available when needed.
Features
  • Wide Market Access: IG offers access to over 17,000 global markets, including forex, indices, shares, commodities, and more.
  • Spread Betting and CFD Trading: IG provides spread betting and CFD trading options, allowing traders to take advantage of both rising and falling prices.
  • Share Dealing and ISAs: In addition to spread betting and CFDs, IG offers share dealing accounts, stocks and shares ISAs, and SIPPs (Self-Invested Personal Pensions).
  • Trading Platforms: IG offers advanced trading platforms such as MetaTrader 4 (MT4), ProRealTime, and L2 Dealer. Users can also access a fast, easy-to-use web platform and mobile app for trading on the go.
  • Educational Resources: IG Academy provides free trading courses and webinars, helping traders of all levels improve their skills and knowledge.
  • 24/5 Customer Support: IG provides round-the-clock customer support from 8 am Saturday to 10 pm Friday, ensuring users can get help when they need it.
  • Smart Portfolios: IG also offers managed investment portfolios for those looking for a hands-off approach to investing.
Details

IG is a well-established UK-based online trading provider known for its broad range of financial instruments and markets. With a history spanning over 50 years, IG caters to both new and experienced traders, offering services like spread betting, CFD trading, share dealing, ISAs, and SIPPs. The platform emphasizes accessibility, providing an easy-to-use interface across devices, along with advanced tools for more seasoned traders. IG also places a strong focus on education through its IG Academy, helping users gain confidence in their trading and investing strategies.

Pros
  • Extensive Market Access: With over 17,000 markets available, IG provides a comprehensive range of options for traders and investors.
  • Educational Support: IG Academy offers free educational resources, including webinars and courses to help users improve their trading skills.
  • Flexible Trading Platforms: IG provides multiple platforms, including MetaTrader 4, ProRealTime, and a web-based platform, offering tools for beginners and advanced traders alike.
  • Low Commission on Investments: IG offers competitive commission rates on share dealing and other investments, especially for active traders.
  • Managed Portfolios: IG offers Smart Portfolios for hands-off investing, making it suitable for those looking for professional management.
Cons
  • High Risk for CFDs and Spread Betting: 69% of retail investor accounts lose money when trading spread bets and CFDs due to leverage, indicating high risks for novice traders.
  • Not Ideal for Small Investors: The platform’s advanced tools and complex features may be overwhelming for small-scale or new investors looking for a simple interface.
  • Margin Trading Risks: Trading on margin carries significant risk and can result in losses exceeding the initial investment.
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Disclosure

The information provided on this page, including product details, fees, and features, is sourced from providers and may not always reflect the most current updates. We recommend verifying all information directly with the respective brokerage account provider before making any decisions.

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Users are encouraged to carefully review the terms and conditions, fees, and features of any financial product to ensure it aligns with their individual financial goals and risk tolerance. Investing involves risks, and past performance does not guarantee future results.

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