What Type Of Broker Is IG? Reviews & Fees

Operating since 1974, IG is a recognized CFD and forex broker. It has been operating for a long time, regulated by many financial authorities, and publicly available. This makes the broker one of the safest alternatives. In this sense, IG is a broker that stands out with its high-trust features.

Founded in London, IG is a global company today. And it is regulated by different authorities in different jurisdictions. It also offers its customers a wide range of products for CFD, user-friendly platforms, adequate research and training tools and advantageous rates. Also, there is a demo account service for new customers.

Here, withdrawals and deposits are practical, there are different alternatives for this. In contrast, there are high fees for stock CFD trading. But in general, trading fees are average. Although it offers wide alternatives in terms of CFDs, the product portfolio, in general, is limited.

Is IG A Safe Broker?

IG is regulated by different authorities for many jurisdictions. There are also 6 top-tier authorities among these financial authorities. These give the broker high trust:

  • Financial Conduct Authority (FCA)
  • Australian Securities & Investment Commission (ASIC)
  • Japanese Financial Services Authority (JFSA)
  • Monetary Authority of Singapore (MAS)
  • Commodity Futures Trading Commission (CFTC)
  • Swiss Financial Market Supervisory Authority (FINMA)

The broker is listed on the London Stock Exchange and publicly discloses its financial information. It also runs a bank. All these features make it among the most trusted brokers. On the other hand, EU customers of IG benefit from the negative balance protection feature. UK, Switzerland and European customers have guarantees in varying amounts depending on location if the company goes bankrupt.

IG Broker’s Fees

Customers trading over IG pays high fees for stock CFD, while pays low fees for stock index CFD. Forex fees and options fees are lower than other alternatives. So, it can be said that trading fees are average.

Apart from that, non-trading fees are advantageous. The broker charges inactivity fees, but that means you start paying if you don’t trade for 24 months. Also, there is no withdrawal fee, account fee and minimum deposit in IG. Customers can choose ways such as bank transfers, PayPal and credit cards when depositing money.

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