IG.com Review: Is Ig.com a Trustworthy Brokerage Company?
Finding a reputable broker is not as easy as it sounds. That is why, thanks to our IG.com review, you don’t have to go through the hassle of evaluating the broker head-to-toe because we do it for you. If you want to start trading and you come across the name IG, read this review.
The IG.com forex broker is a well-known and reputable company established in 1974. They have many branches, but are they all regulated? Keep reading and learn everything you need to know before you make an informed decision.
Who Is IG.com?
By visiting the IG.com login page you can choose a language you wish before accessing the website. The website is well-designed and information-rich, so traders have no problem navigating it. They offer over 17,000 financial instruments and various trading platforms to trade on.
While the IG Group was established in 1974, the branch we are reviewing was established in 2003. Either way, there are years of experience behind this broker, making them one of the oldest in the market.
|IG.com||Reliable Broker Must Have|
|Legal name||IG Group||Transparently displayed in the disclaimer or legal documents|
||Within your legal jurisdiction – local regulator|
||Your country or the country whose license applies in your legal jurisdiction|
|Established||1974||The older the domain – the higher the possibility the company is trustworthy|
|Website||www.ig.com||Domain should be from local or international zones, no .xyz, etc.|
|Financial Authorities Warnings||
|Contacts||+44 (20) 7633 5430||Phone, email, social media, web form|
|If a withdrawal is possible||Potential issues||Yes|
||Transparent fees – list of spread and commissions|
|If Active on Social Media||Yes||Often present on social media|
|Investor Protection||Compensation fund and segregated bank account for deposits||Compensation fund|
Both Trade Markets and IG.com keep their client’s funds in segregated accounts. Various financial authorities regulate IG Group in each jurisdiction they operate in, including:
- UK: IG Markets Limited and IG Index Limited are separately licensed as investment firms by the FCA.
- EU: The broker claims to be regulated by BaFin, however, this article states otherwise, proving that they are not under BaFin’s supervision. Quite a worrisome fact.
- Switzerland: IG Bank SA is authorized as a bank and securities dealer by FINMA.
- Dubai: IG Limited is licensed by DFSA.
- South Africa: IG Markets Ltd has a branch regulated by the FSCA.
- Singapore: IG Asia Pte Ltd is regulated by the Monetary Authority of Singapore.
- Japan: IG Securities Ltd. is regulated by the Japanese Financial Services Agency (JFSA).
- Australia and New Zealand: Like FP Markets, IGM is regulated in Australia by ASIC under an Australian Financial Services Licence.
- In New Zealand, IGM is regulated by the Financial Markets Authority (FMA).
- US: IG US LLC is registered as a retail foreign exchange dealer and introducing broker with the CFTC and is a member of the National Futures Association (NFA ID 0509630).
- Bermuda: IG International Limited is licensed by the Bermuda Monetary Authority.
IG.com Broker Profile
At the IG.com sign-up page, you can either make a live account right away or test out their services on the demo account. You will get the IG MT4 login credentials by creating a live account.
Various account types are presented, and you can choose one that suits you the most. In addition to providing several account types and a variety of trading instruments, they also offer numerous trading platforms.
IG.com weekend trading gives users access to specific marketplaces. However, it’s important to note that trading over the weekend is riskier than during regular market hours.
|Trading Platform||IG trading platform, ProRealTime, MT4, L2 Dealer|
|Account Types||Conservative, Balanced, Growth and Aggressive|
|Financial Instruments On Offer||
|Commissions/Bonuses||Shown on the website for each account|
|Education or Extra tools||IG Academy, Trading Tutorials, Trade Analytics Tool, Seminars and Webinars, Economic Calendar, Glossary|
Is IG.com Safe To Trade With?
Considering the broker’s reputation, the IG.com trading fees that are transparently shown on their website, the variety of platforms and instruments, and many other advantages, including regulation and reviews, this broker is a great choice for traders of all kinds.
However, it is important to note that the BaFin regulation they claim to have is a lie, there are reported withdrawal issues, and the slow response from customer support will drive you nuts if you have a problem with the account or platform. If IG.com trading isn’t for you, reach out to us for better alternatives.
Traders Share Their Experiences
On Trustpilot, IG has an overall score of 3.9, based on 6,297 reviews. Considering the broker is as old as time, their reputation precedes them. Many traders praise the broker, however, there are still more than 20% that think they are unreliable.
People complain about a slow withdrawal process and how taking your funds back from the broker can become a real hassle and the slow response from customer support won’t benefit you either. Pay attention to that if you start trading with IG Group.
Who Are the Traders They Cater To?
Considering the years of experience behind this broker and their long-lasting reputation, it’s no wonder they attract so many traders. Not to mention that they are regulated in each jurisdiction, which is not something we see every day.
Nations including India, Brazil, Indonesia, the UK, and the US make up the majority of their traders. Each country has its own rules, so it’s important to check the requirements in your country before trading with a broker.
Deposits and Withdrawal Methods
Visit the IG broker login page and click ‘add funds’ to deposit funds with a credit card, debit card, HK FPS, or via bank transfer. The quickest way to fund your account is by credit or debit card, as successful payments are deposited immediately.
You’re able to withdraw funds as a bank transfer or back to your card as a refund. Some additional verification is required before the withdrawal is processed, which matches what the traders said. Withdrawals can take between one and five working days.
Weighing the Pros and Cons
Can I Make Money While Trading Online?
Making money while trading online is possible, however, it is not guaranteed. While trading sounds easy and achievable, it’s vital to note that trading poses a greater risk than usual without proper education, strategy, and research.
However, with our amazing AI bot, trading can be much easier. Its ability to analyze historical prices and chart data can help you make more informed decisions. It can also suggest buying or selling, taking the stress off your back. Whether you’re a seasoned trader or just starting, our AI bot can be your trusted companion in the world of online trading.
If you are ready to step into the future of trading and you are in the first 100 traders to reach out, you can win a 20-day trial for our bot, without any commitment. Reach out now and start trading profitably!
What is IG.com?
IG.com is a leading online trading platform that provides access to financial instruments, including forex, stocks, indices, commodities, and more.
Is IG.com Safe To Use?
IG.com is considered safe to use as it is a well-established and regulated online trading platform with a strong reputation for security and reliability in the financial industry.
What Is The Minimum Deposit For IG.com?
The minimum amount for a card payment is $50, and there is no minimum for a bank transfer.