IG Review and User Ratings

Broker
Key Spreads
Key Spreads and Commissions and Margin Requirements
FTSE100 DailySpread: 1Margin: 25
Dow Jones DailySpread: 2Margin: 50
GBP/USD SpotSpread: 1Margin: 80
EUR/USD SpotSpread: 0.8Margin: 65
UK Shares Daily Spread: 0.10%Margin: 10%
US Shares DailySpread: 0.10%Margin: 10%
* - spreads are variable and can be considerably wider.
Trading Options
    • Financial Spread Betting
    • CFDs
    • Forex
    • Binary Betting
Noteable Benefits
  • Wide range of markets
  • DMA and MT4 platforms
  • FX spreads are variable and can be considerably wider even during market hours
Incentives

No offers available at this time.

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About IG

IG is a global leader in online trading, providing fast and flexible access to over 10,000 financial markets - including shares, indices, forex, commodities and binaries.

In early 2015, IG came under a lot of criticism after numerous complaints on how it handled EUR/CHF trading on 15 January 2015 (after Swiss National Bank intervention triggered sizeable volatilities on the forex markets).

Notable Benefits

Established in 1974 as the world's first financial spread betting firm, its aim is to become the default choice for active traders globally. It is already an award-winning multi-platform trading company, the world's No.1 provider of CFDs* and a global leader in forex, and will be launching its new execution-only stockbroking service in late 2014.

It is a member of the FTSE 250, with offices across Europe, Africa, Asia-Pacific and the US, where it offers limited risk derivatives contracts via the Nadex brand.
*Based on revenue excluding FX, published financial statements, August 2013.

On 24 April 2015, IG will be one of the first brokers to launch an app for Apple Watch, holding the leading position whe it comes to mobile trading.

Incentives & Bonuses

No offers available at this time.

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IG Customer Reviews

There are 11 customer review(s).


Rating: 0.5Review by: DDate: 2017-02-07

In one word Scam

IG claims to be one of the leading brokers and surely they are scam. I've been trading with them for more than 2 years, they always change the settlement prices and then claim that their charts are not accurate. If the charts on their website are not correct how do they expect clients to trade, for example if you place a trade and the market settles at 10091.55 on their live chart, they will say ooh sorry the correct settlement price was 10094.66 They would claim this price to be on third party platform. They will steal your money be warned!!!!!!!!!!!!!!!

Rating: 0.5Review by: retroatyouDate: 2015-09-19

Ig alleged Bucket shop there illegal in US for a reason!.

Latest updates on Ig, Ig group, Ig Index, former Ig Markets. A lot has come out in the media over the recent decision by ,the Swiss National Bank on January 15, 2015 to remove it's cap on its exchange rate. When the cap was unexpectedly removed, the franc appreciated by 30 per cent in an instant against the euro. IG did nothing for over 10 minutes and stopped all accounts from trading, and failed to fill there stop-loss orders and may have even adjusted trades many hours later . And gave the worst fill possible to all clients. I think these links are very important as they tell the story that the worlds media is finally starting to catch on to these alleged "Bucket shops" CFD Providers. They use there false and misleading advertisements to fool people and pretend the Over the counter products to be something they are not (Shares listed on stock Markets). They are guilty in my opinion, but now read these links and I will let you be your own judge. https://www.youtube.com/watch?v=VAVPQEASnkA&app=desktop Hitler used IG Index for his Euro/CHF Stop loss . https://www.youtube.com/watch?v=X3pcYcSawws&feature=youtu.be IG Markets CEO Tim Howkins who lies that their clients are making money on live TV Squawkbox CNBC! .http://uk.reuters.com/article/2015/03/05/markets-franc-ig-idUKL5N0W63U120150305 (Ig got it wrong read comments). http://www.reuters.com/article/2015/03/17/iggroup-forex-idUSL6N0WJ2KZ20150317(17.3.2015 IG being investigated by FCA and ombudsman). http://moneyweek.com/ig-index-50-percent-profit-margins/ IG profit from customers up to 65%. http://www.abc.net.au/news/2015-02-12/foreign-exchange-traders-fight-to-save-millions/6087976 IG Markets named here in Australia. http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/17940-ig-index-fraud-failing-disclose-information-spread-betting-company.html (90% Cfd traders loose money). http://hotcopper.com.au/threads/how-to-play-and-win-against-ig-ig-markets.2398483/page-12?post_id=15114784#.VU2pqY6qqkp (Australia's biggest online forum about IG Markets). http://www.forexfactory.com/showthread.php?p=8047127 (Many brokers forgave accounts in minus but not IG). http://www.forexfactory.com/showthread.php?t=522242&page=34 ( IG gave the worst fill in the world against the swiss/euro 0.9250 to it's customers . http://www.iggroup.com/corporate/fair-client-treatment.html . http://www.forexpeacearmy.com/public/review/www.ig.com (Great forum about traders opinions about IG) http://docdro.id/WGE1Zzo - PDF of Financial Review Smartinvestor magazine on sale 21st April 2011 showing the false advertisement that IG, Ig, Markets, IG Index use to deceive customers in to trading with an alleged " Bucket Shop". Quote" Trade anytime, anywhere". And in there legalese they can reject any order if they choose. ASIC, ACCC, Ombusdman will do nothing because they are protected!. Join the fight like me sign up to these two petitions against IG links: https://www.change.org/p/tracey-mcdermott-uk-financial-conduct-authority-we-urge-the-fca-to-investigate-the-misleading-advertising-and-unfair-business-practices-of-spread-betting-companies . https://secure.avaaz.org/en/petition/IG_Markets_Ltd_Call_for_compensation_a_fair_and_transparent_trading_system_and_practices/?nLPupib Media links about the mistreatment from IG Group over the Swiss cap removal. http://www.independent.co.uk/news/business/analysis-and-features/how-could-a-teacher-on-18000pa-lose-280000-spread-betting-10115157.html . http://www.fxweek.com/fx-week/news/2400581/ig-under-fire-from-clients-with-huge-negative-balances (Note fxweek reporter quote: Call the Dealer if you have any problems). http://www.reuters.com/article/2015/01/29/retail-forex-ig-idUSL6N0V74D720150129 (German engineer with debt of 280,000 euros after betting just 8,300 on the euro against the Swiss franc). http://uk.reuters.com/article/2015/03/05/markets-franc-ig-idUKL5N0W63U120150305 Retribution hates IG Markets as they cheated me out of a lot of money and in my opinion they are a "Bucket Shop". They as in all CFD, Spread-betters OTC products need to be stopped to all retail investors. I hope this information will be useful to you. Thank you to this forum. Good luck: retribution2u@gmail.com

Rating: 0.5Review by: brittDate: 2015-05-10

read the fine print

anyone trading with IG during the swiss franc debacle has nightmare stories. unbelievably slow, manual processes which cost valuable time and decimated clients. IG's response? "sorry, you signed the Terms and Conditions..." and clamming up when asking for any information. very clearly the system melted down and they are hiding behind "illiquidity". would never ever use them.

Rating: 0.5Review by: Max TreyDate: 2015-03-15

Ok provider but not in Volatile markets

Don't for a moment think that as IG is a 40 years established company and FTSE listed that their platform's are robust. Due to the SNB news on 15th January, over 300 clients were hit with large negative balances averaging over £53k. Their slow reaction to a large event meant that even a bet around £18 per point (for which the deposit would be a few thousand pounds) resulted in over £50 in negative balance for the client. Over 65 brokers who were in a similar situation stepped up and forgave negative balances. IG and nine others did not. They are now chasing customers - most of which are now expected to lose their life savings, and even worse their homes due to potential bankruptcy. You have been warned. It can happen to anyone.

Rating: 0.5Review by: SebDate: 2015-02-23

Claiming negative accounts

IG has been one the few brokers chasing individual clients after EURCHF crash due to SNS decision whereas almost all others forgave negative balance, you can loose all your savings with IG...

Rating: 0.5Review by: Max TreyDate: 2015-02-18

Lose Everything in Volatile Times - 2600+ point slippage

Take a recent example.... EURCHF move. They did not react for ten minutes. They missed all volume at semidecent levels and filled clients with a 2600 point slippage. Unlike some competitors, they are chasing negative balances.

Rating: 1Review by: SergDate: 2014-08-09

Customer service is far from the best

As IG customers know, they send out plenty of emails with market updates and such. I got really tired of those emails so I asked them to remove me from the mailing list. I received auto-reply saying that I'd hear from customer service within 24 hours but never got a reply from them. Then I contacted customer service again and asked them to close my account, this time I got a reply within 1 hour advising that my account has been closed. I guess their customer service staff are very good with closing accounts :D

Rating: 5Review by: MarionDate: 2013-05-31

The Maestro

The IG platform is very well conceived and intuitive indeed, as advertised. That said, you have to be very smart, knowledgeable and disciplined to profit from this activity. In the end you either make tons of money or you lose it all (get destroyed, as the saying goes). Two, three profitable trades per day - whenever the opportunity arises. Also bear in mind that you don't have to trade every day. That's it, good luck! Ciao! :-)

Rating: 3.5Review by: JohnnyDate: 2012-02-05

IG

Very easy to use and a great choice of markets.

Rating: 0.5Review by: TimDate: 2011-01-12

IroGantIndex

I am a seasoned gambler (private account manager at Betfair etc), key account at Ladbrokes. I used IG to have a bet on the stock market. Very easy to use but when I went away for a few days they reduced my position weithout so much as an e-mail stating that they had done so nor a phone call. City Index when I last used them would always phone for a margin call. When writing to ask for an explanation my account manager did not even reply. Arrogance and incompetence rolled in to one (5 stars for that). Do not touch them with a barge-pole.

Rating: 4.5Review by: RogerDate: 2010-12-09

Very Professional

A very professional company providing fast and accurate execution of orders. Their platform is elaborate and friendly to use.