IG Group Review 2022

Over 175k clients around the world use IG, which has won numerous awards for its forex and CFD trading. Spread betting and trading platforms, as well as customer service and account fees, are all included in our investigation. Everything can be found here, and you can start trading right away.

• Trading Platforms
• Payment Methods
• Trading Accounts
• Benefits
• Drawbacks
• Hours of Operation

Trading Platforms

With its own trading platform, as well as third-party alternatives, IG Markets ensures that everyone has a choice in the trading environment.

IG Trading Platform: In addition to receiving industry recognition, IG's proprietary platform has also received recognition from our own Awards for being the best in its category. Spread betting and CFD trading are both supported on this platform. In addition to being user-friendly, it allows for one-click trading, provides in-depth technical analysis, and includes risk management tools. Additionally, traders have access to the following resources:

• Streaming Reuters news
• A financial planning calendar
• IG analyst articles
• Trading signals
• IGTV (Instagram Video)

ProRealTime: A piece of charting software that is integrated into the IG Markets platform, ProRealTime is a time-based charting tool. Traders who want to conduct advanced technical analysis will find it useful because it includes nearly 100 volume and other indicators as well as a user interface that can be completely customized.

Additionally, ProRealTime is compatible with automated trading systems. Users can construct algorithms with the help of creation tools and then test them against thirty years of historical data using the data. Traders may also employ third-party strategies to their advantage.

MetaTrader: MetaTrader 4 is a trading platform that allows you to trade stocks, options, and futures. Clients of IG Index can also access the MetaTrader 4 trading platform, which is provided by a third party (MT4). With 18 bespoke app add-ons, the MT4 system is suitable for traders of all experience levels and can be used to trade forex, indices, and a variety of other financial instruments.

L2 Dealer: L2 Dealer is a free to download and use direct market access (DMA) share trading platform that allows you to trade stocks directly on the stock exchange. The software includes useful monitoring tools, such as watchlists and price alerts, that can be used to keep track of your investments. In addition to facilitating direct chart trading, the L2 Dealer system incorporates price improvement technology to improve the overall trading experience.

Payment Methods

1. Deposit: Making a deposit is simple, as it should be, and there are no fees. Investors may deposit funds using a variety of methods including credit cards (VISA, MasterCard, and debit), bank wire transfers, and PayPal, among other options. Credit card payments are processed immediately, whereas bank wire transfers can take up to three business days. The minimum required deposit is £250, with a daily maximum deposit of £20,000. The minimum required deposit is £250.
2. Withdrawal: Withdrawal methods that are accepted include credit cards, bank transfers, and PayPal. To withdraw funds, go to the 'live accounts' tab and then select 'withdraw funds' from the dropdown menu. Withdrawals from credit and debit cards take between two and five business days. The processing time for bank transfers varies depending on the bank and the details of the transaction. Withdrawals to PayPal are typically instantaneous, whereas bank transfers may take up to three days, depending on the bank's processing details. The minimum amount that can be withdrawn is £100.

Trading Accounts

IG Markets offers a number of different retail trading accounts, depending on the markets you wish to trade in:

• CFD trading account
• Spread betting account
• CFD trading and spread betting account
• Share trading and CFD trading account

IG Smart Portfolios give investors access to simplified managed funds through a single account. The smallest amount that can be traded or wagered is one dollar. Each account comes with complete access to trading platforms, free market data, educational resources, and round-the-clock customer service.

Additionally, there is a professional account that allows for greater leverage in exchange for less regulatory protection than the standard account.

For a professional account, you must have executed at least 10 highly leveraged trades per quarter for the previous four quarters, have a portfolio worth more than £50,000, and have at least one year of professional derivatives trading experience to qualify.

Benefits

There are a number of compelling reasons to trade with IG, including the following:

• Education: A variety of educational materials are available on the website, including an extensive library of training and support materials on how to engage in successful day trading. As a result, they are an excellent broker for first-time traders.
• Trading tools: Charts, market news, client sentiment, data, and analysis tools are all available to traders through a variety of trading platforms. Additional technical indicators, numbering in the hundreds, are also available to traders.
• Range of assets: There are over 17,000 assets to choose from, making this brokerage an excellent choice for both novice day traders and seasoned veterans.
• Established: This company has been in operation since its founding on the London Stock Exchange (LSE) in 2000. It has an open financial history and years of experience in providing premium trading services.

Drawbacks

While IG does not fall short in many areas, it does have a few drawbacks, which are as follows:

• The cost of inactivity
• There is no live chat support available.
• In the absence of a system for social copy trading