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IG Markets Broker Review

FX Scouts By Jeffrey Cammack Updated: March 9, 2020
Overall Rating
4.63 / 5
Min. DepositGBP 250
Max. Leverage30:1
Min. Spread0.6 pips
RegulatorsFCA,ASIC,FSCA
Regulator Origin FCA ASIC FSCA
Broker TypeMarket Maker

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

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum DepositGBP 250
Base currenciesAUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD
Number of FX Pairs93
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts No

Average Spreads

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

Company Details

Company nameIG Markets Ltd
Founded1974
Website Visit Website
TypeMarket Maker
RegulatorsFCA,ASIC,FSCA
Office locations South Africa, UK

Deposit & Withdrawal Methods

Supported Platforms for IG Markets

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

Compare CFD Brokers

Overall Rating 4.63 / 5 4.52 / 5 4.46 / 5
Minimum DepositGBP 250USD 5GBP 200
Regulation
FCA FCA
ASIC ASIC
FSCA FSCA
CySEC CySEC
FCA FCA
IFSC IFSC
CySEC CySEC
ASIC ASIC
Broker TypeMarket MakerNDD Intervention Market MakerECN
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Equities, Bonds, Interest Rates, Digital 100s, IPOsCommodities, Forex, Indicies, MetalsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Bonds, Futures
Forex Pairs934960
Crypto Pairs81610
Read Full Review Read Full Review
Trust Rating 5 / 5 5 / 5 5 / 5
Trading Conditions 4.5 / 5 4.5 / 5 4.5 / 5
Trading Platforms 4.5 / 5 4.5 / 5 5 / 5
Deposit & Withdrawal 5 / 5 5 / 5 4 / 5
Education & Research 5 / 5 4.5 / 5 3 / 5
Assets Available 4.5 / 5 4 / 5 4.5 / 5
Customer Service 4 / 5 4 / 5 4.5 / 5
% Lose with this broker 68% 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
Leverage30:1500:130:1
Spread0.6 pips0.1 pips0.1 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Live Account (Standard)
  • Spread Betting (Standard)
  • Islamic (Mini)
  • Pro (Mini)
  • Standard (Mini)
  • RAW - cTrader (Standard)
  • RAW - MetaTrader (Standard)
  • Standard - MetaTrader (Standard)
Swap-Free Accounts No Yes Yes
Trading Platforms MT4, MT5 MT4, xStation5 MT4, MT5, cTrader
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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IG Markets

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XTB

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IC Markets

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Overall Rating 4.63 / 5 4.52 / 5 4.46 / 5
Minimum DepositGBP 250USD 5GBP 200
Regulation
FCA FCA
ASIC ASIC
FSCA FSCA
CySEC CySEC
FCA FCA
IFSC IFSC
CySEC CySEC
ASIC ASIC
Broker TypeMarket MakerNDD Intervention Market MakerECN
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Equities, Bonds, Interest Rates, Digital 100s, IPOsCommodities, Forex, Indicies, MetalsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Bonds, Futures
Forex Pairs934960
Crypto Pairs81610
Read Full Review Read Full Review
Trust Rating 5 / 5 5 / 5 5 / 5
Trading Conditions 4.5 / 5 4.5 / 5 4.5 / 5
Trading Platforms 4.5 / 5 4.5 / 5 5 / 5
Deposit & Withdrawal 5 / 5 5 / 5 4 / 5
Education & Research 5 / 5 4.5 / 5 3 / 5
Assets Available 4.5 / 5 4 / 5 4.5 / 5
Customer Service 4 / 5 4 / 5 4.5 / 5
% Lose with this broker 68% 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
Leverage30:1500:130:1
Spread0.6 pips0.1 pips0.1 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Live Account (Standard)
  • Spread Betting (Standard)
  • Islamic (Mini)
  • Pro (Mini)
  • Standard (Mini)
  • RAW - cTrader (Standard)
  • RAW - MetaTrader (Standard)
  • Standard - MetaTrader (Standard)
Swap-Free Accounts No Yes Yes
Trading Platforms MT4, MT5 MT4, xStation5 MT4, MT5, cTrader
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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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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

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