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IG Markets Broker Review

FX Author By Jeffrey Cammack Author Information Updated: July 4, 2020
Overall Rating
4.63 4.63 / 5
Min. DepositUSD 250
Max. Leverage200:1
Min. Spread0.6 pips
Regulators FCA,ASIC,FSCA
Regulator Origin FCA ASIC FSCA
Trading Desk Type

Summary

The world's number one broker, and our highest-ranked broker, IG Markets have a very impressive product offering. A market-maker broker, IG Markets only offers the single account for Forex trading (also available as an Islamic account), but spreads are tight and educational and analytical materials are excellent. A wide choice of platform - including MT4 - is also available and customer service is world-class. 

With regulation from the FCA and ASIC, and winner of the Broker of the Year 2018 (UK Forex Awards) and Best CFD Provider 2017 (Investment and Wealth Management Awards), IG Markets is an easy choice for both beginner and experienced traders.

Reviews

Regulation 11111
Trading Conditions 11110.5
Trading Platforms 11110.5
Deposit & Withdrawal 11111
Education & Research 11111
Assets Available 11110.5
Customer Service 11110
Beginner Friendly Good
Bonuses
Our Review Process

Trading Conditions

Minimum DepositUSD 250
Base currenciesAUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD
Number of FX Pairs93
Hedging Allowed Yes
Scalping Yes
Islamic Account Yes

Average Spreads

EUR / USD0.6
GBP / USD0.9
USD / JPY0.7

Company Details

Company nameIG Markets Ltd
Founded1974
Website www.ig.com
Type Market Maker
Regulators FCA,ASIC,FSCA
Office locations South Africa, United Kingdom

Deposit & Withdrawal Methods

Supported Platforms for IG Markets

Alert Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 11110.5 4.63 / 5 11110.5 4.58 / 5 11110.5 4.46 / 5
Minimum DepositUSD 250USD 5USD 200
Regulation
FCA FCA
ASIC ASIC
FSCA FSCA
CySEC CySEC
FCA FCA
IFSC IFSC
CySEC CySEC
ASIC ASIC
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Equities, Bonds, Interest Rates, Digital 100s, IPOsCommodities, Forex, Indicies, MetalsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Bonds, Futures
Forex Pairs934960
Crypto Pairs81610
Pros
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Excellent education
  • Excellent market analysis
  • Well regulated
  • Tight spreads
  • Low minimum deposit
  • Good for beginners
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Great platform choice
Cons
  • High minimum deposit
  • Limited platform choice
  • High minimum deposit
  • Limited market analysis
Read Full Review Read Full Review
Regulation 11111 5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11110.5 4.5 / 5 11110.5 4.5 / 5 11111 5 / 5
Deposit & Withdrawal 11111 5 / 5 11111 5 / 5 11110 4 / 5
Education & Research 11111 5 / 5 11110.5 4.5 / 5 11100 3 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11110 4 / 5 11110.5 4.5 / 5
% Lose with this broker 76% of retail investor accounts lose money when trading CFDs with this provider 79% of retail investor accounts lose money when trading CFDs with this provider N/A
Leverage200:1500:1500:1
Spread0.6 pips0.1 pips0.1 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Spread Betting (Standard)
  • Standard (Mini)
  • Standard - MetaTrader (Standard)
Islamic Account Yes Yes Yes
Trading Platforms MT4 MT4 , xStation5 cTrader , MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard, Paypal Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Unionpay
Trading Commission Fees Included in Spread 7 USD / lot - Pro Account 7 USD / lot - True ECN account
Clear all brokers Clear all brokers

IG Markets

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XTB

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IC Markets

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Overall Rating 11110.5 4.63 / 5 11110.5 4.58 / 5 11110.5 4.46 / 5
Minimum DepositUSD 250USD 5USD 200
Regulation
FCA FCA
ASIC ASIC
FSCA FSCA
CySEC CySEC
FCA FCA
IFSC IFSC
CySEC CySEC
ASIC ASIC
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Equities, Bonds, Interest Rates, Digital 100s, IPOsCommodities, Forex, Indicies, MetalsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Bonds, Futures
Forex Pairs934960
Crypto Pairs81610
Pros
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Excellent education
  • Excellent market analysis
  • Well regulated
  • Tight spreads
  • Low minimum deposit
  • Good for beginners
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Great platform choice
Cons
  • High minimum deposit
  • Limited platform choice
  • High minimum deposit
  • Limited market analysis
Read Full Review Read Full Review
Regulation 11111 5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Trading Platforms 11110.5 4.5 / 5 11110.5 4.5 / 5 11111 5 / 5
Deposit & Withdrawal 11111 5 / 5 11111 5 / 5 11110 4 / 5
Education & Research 11111 5 / 5 11110.5 4.5 / 5 11100 3 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11110 4 / 5 11110.5 4.5 / 5
% Lose with this broker 76% of retail investor accounts lose money when trading CFDs with this provider 79% of retail investor accounts lose money when trading CFDs with this provider N/A
Leverage200:1500:1500:1
Spread0.6 pips0.1 pips0.1 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Spread Betting (Standard)
  • Standard (Mini)
  • Standard - MetaTrader (Standard)
Islamic Account Yes Yes Yes
Trading Platforms MT4 MT4 , xStation5 cTrader , MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard, Paypal Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Unionpay
Trading Commission Fees Included in Spread 7 USD / lot - Pro Account 7 USD / lot - True ECN account

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Alert Most retail CFD accounts lose money. Your capital is at risk.

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