IG Markets Review and Information 2023

	IG Markets
Voting Rating	IG Markets does not participate in the Forex Rating Submit Forex Broker
Reviews Rating
Regulation	FSA
Trading software	Meta Trader 4
Headquartered	157-168 Blackfriars Road, London SE1 8EZ

Launched in 1999, IG Markets is a leader in Contracts for Difference (CFDs), delivering an unparalleled customer service alongside innovative trading technology. With almost 1 in 3 UK CFD accounts, clients cite the ease and reliability of our trading platform, reputation as a market leader and low commissions as reasons for opening an account with us.

Our extensive range of markets offers you the ability to trade CFDs on thousands of leading UK and international stocks; together with round the clock trading on forex, commodities and the widest selection of 24-hour stock indices from any CFD provider. IG Markets Ltd is part of IG Group, which has several operating companies in the UK, offering a variety of speculative products to a retail and professional client base.

IG Markets is a market-maker in financial derivatives, principally Contracts for Difference (CFDs) on shares and indices, as well as a leading dealer in margined foreign exchange. Clients include brokers, fund managers and trading companies as well as private investors. IG Index and IG Markets are authorised and regulated by the Financial Services Authority (FSA). IG Markets is a member of the London Stock Exchange (LSE). The Group's Australian operations are regulated by the Australian Securities and Investments Commission (ASIC).

IG Markets Trading Information 2023

WWW	https://www.ig.com/
Address
Headquarters	311 South Wacker Drive, Suite 2650, Chicago, IL 60606, United States
Free phone	866 748 1341
Free education
Mobile trading
24/5 trading
Scalping
Digits after the dot in quotes
Minimum position size
Spread Type
Pip spread on majors	2-4
Maximum Leverage	700:1
STP, $
ECN, $
Standard account, $	1
Mini account, $	1
Popular payment methods	Credit Card, Wire Transfer, ACH Transfer, Check
Account currencies
Available assets	no
Languages	English, Spanish, Chinese, Japanese, Italian, German, Portugese, Russian, French
Platforms	Pure Deal (Web Based), L2 powered by Currenex (DW)
Broker type
Regulation	NFA, CFTC, ASIC, FSA(UK), MAS
Foundation	1995

IG Markets Reviews and Comments

I have funded my account few years back with IG very easily. Since then I have changed my banking account. I have been trying to withdraw my funds for over a month now. I have verified my initial funds transfer and the new bank account by providing statements. I have been calling the Help Desk twice a week and sending multiple emails. As of today, IG has not released my funds. Lesson learned: don't judge a financial institution by how easy it is to transfer funds to them but by how quick they are to transfer your money back to you.
Evgenia 3 Aug 2022 Reply

IG pays for Pazien, a 3rd party record keeping cloud platform that negligently deposited my $1,000 withdrawal back onto IG but not into my IG account. Talk about scammy. No proof from IG that the $1,000 is missing of course because Pazien negligently failed to record the error. My bank statement serves as proof. My bank teller can serve as witness to IG's error however there is literally nothing I can do to get my missing $1,000 besides wasting my time and more money on a civil lawsuit. My time and energy is worth more than the $1,000 IG stole from me. So think twice before choosing this broker! I'm sticking with Oanda. Say what you'd like about their shitty cuatomer service, I've never had any issues withdrawing funds.
Withdrawal errors 16 Jun 2022 Reply

The worst broker, end of story. If you want to make money forget this broker, if you value your money avoid this broker. First at the end of '20 when crypto started moving they stopped us from buying. Then there was the incident in early '21 when "certain" stocks were rallying and they stopped anyone from buying. Now lets get to spread-betting, when you're losing money or it's going sideways they're happy for you to trade on their platform and keep adding money, as soon as you start to become profitable they close your account and tell you they have to protect their clients wealth due to regulations. This is the case for many people, don't believe me? Try for yourself or save yourself time and go elsewhere. And don't bother trying to email them if they block you which they will if you win consistently, because it will be easier communicating with someone on Mars via pigeon post.

TT 2 Jun 2022 Reply

IG froze my funds for several days. I will never use IG again. Be very careful.
Sami 9 Nov 2021 Reply

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Don't drop money into IG, if you ever want it back! Before signing up to IG I read some reviews, noting concerns mentioned about how hard it is to get your money out of IG. Regrettably, I thought those folks were just a bit unlucky. Well, weeks and weeks later. And here I am still trying to get my money back from IG. Their business model is (more or less) to take your money. And keep onto it. It borders on criminal. They take your money (given in good faith) and in return they act in bad faith by using any and all tactics to keep your money as long as possible. So far they have: a) Blamed a mysterious intermediary who apparently manages credit card payments / refunds. The payment part is instant. The refund part doesn't happen. b) Delayed response times to emailed correspondence (normally about 24 hours). When they do respond they typically send an 'off the shelf' general response that doesn't address the actual problem. c) They do not allow email trails to develop, rather they respond on a new email to every one sent. As different operators respond, your original 'problem' has to be repeated over and over again. And it takes 24 hours on average to receive a response.d) 'Customer Service' is more in name rather than actual service. Wait times by phone are very long - that is to say around 15 minutes before the phone is even answered. Then another department needs to be contacted, but they are unresponsive. And so on and so forth. e) Days are becoming weeks and all the while IG benefits by holding onto your money, reaping the rewards of ready cash on hand, whilst the client is out of pocket and heavy on emails, phones calls and now, reviews. Next it'll be the Australian Financial Complaints Authority (AFCA). Avoid IG.
Dan 30 Mar 2021 Reply

I have had a very similar experience. Have been trying to withdraw my funds for over a month now. Terrible.
Evgenia 3 Aug 2022

Had some problems with their system hanging and closing out trades that didn't even have stops when I was trading the demo account. raised tickets but they wouldn't investigate beyond a cursory triage because they said the demo system was 'prone to this kind of thing happening but it's ok as the live system is specced up so that it would never happen', which is probably fair comment but it should've raised a red flag for me, I'm a systems engineer. Well 3 months into live trading and it's happened 3 times where the system hangs for almost 2 minutes and when it comes back your trades have been closed out. Once again, their investigation was cursory and suggestive of user error - Trading View and all other internet applications were up and running and there was no outage on my ISP and no other dropped packets according to wireshark. I cannot recommend using IG's platform at all, if you're going to trade with them make sure it's on MT4/5 as their bespoke platform has some fundamental serious issues in my opinion.
Smudger 29 Oct 2020 Reply

What's up everybody. I want to make some notes to existing comments. In addition to good brokerage service and variety of trading accounts, you can see that there is no ECN account available. At first glance, this is an inconvenience, but in fact, it is not an obstacle. All conditions stated by the company are real without double standards. A live trading account can be registered quickly, the same with deposit and withdrawal of funds. They have an access to all other markets + Bitcoins!
Gill Paul 27 Apr 2017 Reply

They have 0.26 average spread on eur/usd through DMA liquidity feed. I have access to web and advanced platforms. MT4, external platform through API, or order book with L2 dealer platform. No problem with back office support. I would say 24/7 instead of classic 24/5 working hours. Execution is really reliable and fast. In addition, IG offers seminars, market analysis and broad range of services on website.
garryth 1 Aug 2016 Reply

Definately a scam platform hangs all day until cannot load
Dun Trade 22 Mar 2011 Reply

I like that IG Markets now offers Nadex binary and spread contracts to US traders - fixed risk, high leverage trading even with the NFA/CFTC rules.
TradeFX 11 Oct 2010 Reply

well im not sure why they on the top spot today but well IG have lost of problem wt its platform
sam 18 Feb 2010 Reply

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