IG
Rating: 4.5 / 5IG is a multi-asset broker that ranks as the leading CFD broker. It is also a liquidity provider for other brokers, writes CFDs based on client demand, and maintains a cutting-edge trading infrastructure with an average order execution time of 13 milliseconds and an order fill rate of 100% at the requested price or better. Therefore, I decided to review IG to determine if its commission-free trading environment offers the promised cost advantage. Does IG deserve the praise it gets?
IG is a multi-asset broker that ranks as the leading CFD broker. It is also a liquidity provider for other brokers, writes CFDs based on client demand, and maintains a cutting-edge trading infrastructure with an average order execution time of 13 milliseconds and an order fill rate of 100% at the requested price or better. Therefore, I decided to review IG to determine if its commission-free trading environment offers the promised cost advantage. Does IG deserve the praise it gets?
Broker Details
- Headquarters
- United Kingdom
- Established
- 1974
- Min Deposit
- €0
- Execution
- Market Maker
- Regulators
- ASIC, BaFin, CySEC, DFSA, FCA, FINMA, FMA, FSCA, JFSA, MAS
Trading Conditions
- Retail Loss Rate
- 70.00%
- Min Raw Spreads
- Not applicable
- Min Standard Spreads
- 0.6 pips
- Min Forex Commission
- Commission-free
- Trading Hours
- CryptocurrenciesSaturday 04:05 - Saturday 24:00CommoditiesMonday 00:00 - Friday 24:00
Accounts & Funding
- Funding Methods
- 3
- Deposit Options
- Credit CardsWire TransferDebit CardsOther
- Deposit Fees
- No
- Withdrawal Options
- Credit CardsWire TransferDebit CardsOther
- Withdrawal Fee
- No
Trading Costs & Spreads
- EUR/USD
- 0.9 pips
- GBP/USD
- 1.4 pip
- Gold
- $0.30
- Bitcoin
- $90
- WTI Crude
- $0.03
- Inactivity Fee
- true
Platform & Features
- Trading Platforms
- Other, MetaTrader 4, Proprietary platform, Trading View
- Regulators Detailed
- Financial Conduct AuthorityCountry: UKLicense: 195355Federal Financial Supervisory AuthorityCountry: GermanyLicense: 10148759Cyprus Securities and Exchange CommissionCountry: CyprusLicense: 378/19Swiss Financial Market Supervisory AuthorityCountry: SwitzerlandLicense: Confirmed, but no regulatory license numberDubai Financial Services AuthorityCountry: DubaiLicense: F001780Financial Sector Conduct AuthorityCountry: South AfricaLicense: 41393Monetary Authority of SingaporeCountry: SingaporeLicense: Confirmed, but no regulatory license numberJapanese Financial Services AgencyCountry: JapanLicense: UnconfirmedAustralian Securities & Investments CommissionCountry: AustraliaLicense: 220440, 515106Financial Markets AuthorityCountry: New ZealandLicense: FSP18923Bermuda Monetary AuthorityCountry: BermudaLicense: Unconfirmed
Pros
- Broad asset selection for Forex traders
- Quality choice of trading platforms, including MT4
- Autochartist signals integrated with the proprietary web-based platform
- No minimum deposit + free deposits and withdrawals
Cons
- Limited deposit and withdrawal methods
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