Choosing the right broker is one of the first steps that every trader consider in their career. You may be a good trader but if you secret a bad broker then you can end up by losing lots of money in this financial industry. There are many different brokers out there in the world who are promising to give the best possible service to their retail customers. But in reality, very few of them are providing quality service to their customers. IG is one of the oldest brokers in the forex history which provides quality trading service to its retail clients. They are also the one who first brought the financial market live in the IOS environment. It’s true that they have a very special team who are truly dedicated to building the reputation of them in the finance world. Traders among the different parts of the world are constantly opening the account with the IG and trading different financial instrument in their top class trading environment.
Since 2008 this broker has been proving top quality trading support internationally to its retail and commercial client. Now the existing number of traders in the IG group has surpluses 152600.They have established their working office around 15 different countries in the world who are commit in ensuring their client’s requirements. Trading environment is very crucial for a full-time professional trader. Different traders tend to have different trading style and strategy. So it’s enormously important that your broker rules and regulations perfectly complies with your trading strategy and you feel comfortable with their provided trading support. Let’s see how the IG group differs from other brokers and what benefit does it provides to their customers.
Establishment date: 1970 online since 2003
Regulations: FCA, UK Listed
Bonus: Varies depending upon promotion
Minimum Deposit: $200
Max leverage: 1:200
Spread: as low as0.8 pips
No of assets: 100+
Minimum lot size: 0.1
Order type: Market order, limit and stop orders, entry order and once cancel the other orders
Currencies: USD, EUR
Trading Platform: Meta Trader (Support Android and IOS), web platform
Countries: Accept all countries except the USA
- They trading platform is well versatile and equipped with advanced trading tools
- Their customer support team is highly knowledgeable and prompt in their action
- They provide free demo account
- They are well reputed and regulated broker since 1970(Online 2003)
- Offers wide range of markets to the traders
- Their web setup is much more complicated
- Designed for professional traders
Setting up a live trading account with IG broker is extremely easy. Their professional team has done a superb job in designing the signup form for the retail traders. In order to access to live features of all trading instrument, the retail trader needs to fill up a simple form with their personal details. Once the signup form is filled up, traders are required to verify their trading account by using valid photo id and utility bill. Though you can make a deposit before verifying your account but it’s highly recommended that you get your account verified before you deposit. The verification process usually gets completed within 24 hours but if the requirement is not filled then you need to re-upload your documents and resubmit your trading profile for the verification process.
Deposit and withdrawal
IG group has been very flexible with the deposit and withdrawal section from the very beginning .They have a number of ways to make account deposit. Profit can easily be withdrawn by a trader by following simple withdrawal process. The withdrawal process generally takes 2-3 business days. The most popular deposit option offered by them are:
- Credit Cards
- Wire Transfer
Trading account type is very important in successful forex trading. As a full-time professional trader, you need to make sure that the broker you are working with provides enough support and perfect trading account for you. IG market is lagging behind in this sectors to a great extent compared to other relevant brokers. The first account type is trader account. This is the most advanced and versatile trading account offered by the IG. Professional traders use this trading account since all sort of trading tools and account control parameters are solely in the hand of traders. To be precise they can create modify and amend their trading environment according to their needs. The second account is the limited risk account. These accounts are for the retail traders who are comparatively new in this industry. The IG take care many of the trading parameters and offers a default trading environment to the traders to execute orders in the market.
Customer support is considered to be prime judging scale of the financial company performance and service. The IG market has done an extraordinary job in creating a versatile customer service representative. All the queries made by the clients are taken into a log by the customer service representatives. They are well educated and knows every bit of details about the broker and their offered service. They are available 24/5 days a week through telephone. If you have any problem and you are not comfortable with telephone conversation then you are most welcome to mail the support team of the IG. Usually, the support team takes up to 2 business days to answer your queries and solve your ongoing problem.
By this time you are well familiarized with the IG. You now know the key strength of the IG and their offered service to the point. We have highlighted the key parameters for you and now its choice whether you go for the IG or not. Considering all the parameters the IG is definitely not for the rookie trader. If you are a professional trader then you might feel comfortable with the IG.