Welcome to our comprehensive review of IG account types. As a leading online brokerage firm, IG offers a diverse range of account options designed to meet the unique needs and preferences of traders and investors.
Whether you are a beginner, an experienced professional, an active trader, or a long-term investor, IG has an account type tailored to your requirements. Join us as we explore the features, benefits, and suitability of each account type offered by IG.
Table of Contents
IG Account Types Overview
IG offers various account types for different trading and investment needs. The account types offered by IG include;
- IG CFD Trading Account
- IG Professional Account
- Spread Betting Account
- IG Turbo24 Trading Account
- IG Options Trading Account
- IG Limited Risk Account
- IG Share Dealing Account
- IG Smart Portfolio Account
- IG Share Dealing ISA Account
- IG SIPP Account
- IG Demo Account
IG CFD Account
The IG CFD account is a comprehensive trading solution designed to cater to the needs of both novice and experienced forex and CFD traders. As one of the world’s leading providers of Contracts for Differences (CFDs), the IG CFD account offers a vast selection of over 18,000 global markets, ranging from forex, stocks, commodities, cryptocurrencies, and more.
The account also provides traders with access to multiple industry-standard trading platforms, competitive pricing, and high leverage. However, retail traders in certain regions are subject to lower leverage, due to IG’s compliance with regulatory laws. Overall, the IG CFD account is suitable for traders seeking diverse market exposure with low trading costs and access to industry trading platforms.
IG CFD Account Features
Here is a breakdown of IG CFD account key features;
| Account Features | Specifications |
|---|---|
| Product | Contract For Differences (CFDs). |
| Minimum Deposit | $300 (or currency equivalent). |
| Availability | FCA (UK), ASIC (Australia), BaFin (Germany), CFTC (U.S.), NFA (U.S.), MAS (Singapore), FMA (New Zealand), FSCA (South Africa), DFSA (UAE), JFSA (Japan), FINMA (Switzerland), and BMA (Bermuda). |
| Business Account | Yes |
| Trading Platforms | IG web trading platform, IG mobile trading platform, ProRealTime, L2 Dealer, and MetaTrader 4. |
| Markets & Assets | 18,000+ forex, stock indices, commodities, metals, energies, spot metals, Shares, cryptocurrencies, DMA forex, DMA shares, ETFs and ETCs, options, interest rates, futures, bonds, IPOs, Thematic and Basket, sectors, and stock index futures. |
| Fees | Spreads, Commission, Overnight Financing Fee. Spreads are charged on all markets except stocks (Shares CFD) where commissions are charged. |
| Pricing | Low |
| Minimum Trade Size | 1 Micro Lot (0.01) |
| Margin (Forex) | BMA, FSCA – 0.45% BaFin, FCA, ASIC, DFSA – 3.33% MAS – 5% CFTC, NFA -2% |
| Maximum Leverage (Forex) | BMA, FSCA – 1:222 BaFin, FCA, ASIC, DFSA – 1:30 MAS – Up to 1:20 CFTC, NFA – 1:50 |
Note: Only Forex trading is offered to clients in the United States.
IG Professional Account
The IG Professional account is a tailored trading solution designed for experienced and high-volume traders. This account offers enhanced features and benefits, catering to the specific needs of professional traders.
One of the key advantages of the IG Professional account is its eligibility for higher leverage levels than standard retail accounts. Accountholders can also access a vast selection of over 18,000 global markets, professional-grade trading platforms, advanced trading tools, competitive pricing, dedicated customer support, exclusive market analysis, and much more.
It is important to note that, access to the IG Professional account is subject to qualification. In order to be eligible for the Professional account, traders must meet specific criteria, which include demonstrating a significant trading history and meeting certain financial thresholds.
In summary, the IG Professional account is a premium offering tailored to experienced traders seeking advanced trading features and higher leverage levels. With its extensive market access and personalized service, this account caters to the needs of professional traders, providing them with the tools and support necessary to execute sophisticated trading strategies effectively.
IG Professional Account Features
Here is a breakdown of IG Professional account key features;
| Account Features | Specifications |
|---|---|
| Minimum Deposit | $250 (or currency equivalent), might differ, depending on your country of residence. |
| Availability | FCA (UK), BaFin (Germany), ASIC (Australia), DFSA (UAE). |
| Business Account | Yes |
| Trading Platforms | IG web trading platform, IG mobile trading platform, ProRealTime, and MetaTrader 4. |
| Markets & Assets | 18,000+ forex, stock indices, commodities, metals, energies, spot metals, Shares, cryptocurrencies, DMA forex, DMA shares, ETFs and ETCs, options, interest rates, futures, bonds, IPOs, Thematic and Basket, sectors, and stock index futures. |
| Direct Market Access (DMA) | Yes (for forex and stocks) |
| Pricing model | Spreads |
| Pricing | Low |
| Minimum Trade Size | 1 Micro Lot (0.01) |
| Maximum Leverage | FCA, BaFin, DFSA – 1:222 ASIC – 1:250 |
IG Spread Betting Account
The IG spread betting account is a versatile trading option that offers traders the opportunity to speculate on price movements across a wide range of financial markets. With spread betting, traders can take advantage of both rising and falling markets, providing flexibility and potential profit opportunities in various market conditions.
One of the key advantages of the IG spread betting account is its tax-efficient nature. In the UK, spread betting profits are exempt from capital gains tax and stamp duty. This tax advantage makes spread betting an attractive choice for traders seeking to optimize their returns.
IG spread betting account holders can enjoy a wide array of benefits, including access to over 18,000 global markets, covering indices, currencies, commodities, shares, and more. The account also offers access to leverage, industry-standard trading platforms, and competitive pricing, providing traders with a comprehensive and low-cost trading experience.
IG Spread Betting Account Features
Here is a breakdown of IG Spread Betting account key features;
| Account Features | Specifications |
|---|---|
| Minimum Deposit | £250 |
| Availability | FCA (United Kingdom) |
| Business Account | Yes |
| Trading Platforms | IG web trading platform, IG mobile trading platform, ProRealTime, and MetaTrader 4. |
| Markets & Assets | 18,000+ including Forex, shares, indices, commodities, Options, cryptocurrencies, ETFs, Futures, Spots, IPOs, Thematic and Basket, Bonds, Interest rates, and Sectors. |
| Pricing model | Spreads |
| Pricing | Low |
| Minimum Trade Size | 1 Micro Lot (0.01) |
| Maximum Leverage | 1:30 |
IG Turbo 24 Account
IG Turbo24 account is a specialized trading account for traders seeking short-term trading opportunities and controlled risk. With its one-to-one price replication and customizable knockout level, the Turbo24 account balances potential gains with controlled risk.
One of the key benefits of the IG Turbo 24 account is its unique feature of offering 24-hour trading access on select major indices and forex pairs. This extended trading window allows traders to take advantage of market movements at any time, even outside traditional trading hours, providing increased flexibility for those with busy schedules.
With Turbo24, traders can speculate on the price movements of various instruments, including indices, currencies, stocks, and commodities, with the advantage of tight spreads and rapid execution. Traders are also provided with industry-standard trading platforms, competitive pricing, and leverage of up to 1:100.
IG Turbo24 Account Features
Here is a breakdown of IG Turbo24 account key features;
| Account Features | Specifications |
|---|---|
| Products | Turbo24 |
| Minimum Deposit | $300 (or currency equivalent) |
| Availability | BaFin (Germany) |
| Business Account | Yes |
| Trading Platforms | IG web trading platform, IG mobile trading platform |
| Markets | Forex, stocks, indices, and commodities. |
| Direct Market Access (DMA) | Yes |
| Pricing model | Spreads |
| Fees | Low |
| Minimum Trade Size | 1 Micro Lot (0.01) |
| Maximum Leverage | 1:100 |
IG Options Trading Account
The IG Options Trading account is a valuable offering from IG that provides traders with the opportunity to engage in options trading. Options are financial derivatives that give traders the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified timeframe.
On the IG Options Trading account, traders are offered both Barrier options and Vanilla options across a wide range of markets including forex, shares indices, and commodities. Traders are also provided with industry-standard trading platforms, low trading fees, and leverage of up to 1:100 and 1:30 for Barriers and Vanilla options respectively.
IG Options Trading Account Features
Here is a breakdown of IG Option Trading account key features;
| Account Features | Specifications |
|---|---|
| Products | Barriers and Vanilla Options |
| Minimum Deposit | $300 (or currency equivalent) |
| Availability | BaFin (Germany) |
| Business Account | Yes |
| Trading Platforms | IG web trading platform, IG mobile trading platform |
| Markets | Forex, shares, indices, and commodities. |
| Direct Market Access (DMA) | No |
| Pricing model | Spreads and Commission. |
| Fees | Low |
| Minimum Trade Size | 1 Micro Lot (0.01) |
| Maximum Leverage | Barriers – 1:100 Vanilla Options – 1:30 |
IG Limited Risk Account
The IG Limited Risk account is a unique trading account that provides traders with enhanced risk management features and protections. One of the primary advantages of the IG Limited Risk account is its ability to safeguard traders from excessive risk. This is achieved by mandating the addition of a guaranteed stop to each position before it can be opened.
With the IG Limited Risk account, traders can access a broad range of markets including Forex, shares, indices, commodities, cryptocurrencies, ETFs, and more. Traders who choose this account can also access industry-standard trading platforms and low trading fees.
IG Limited Risk Account Features
Here is a breakdown of IG Limited Risk account key features;
| Account Features | Specifications |
|---|---|
| Products | Limited Risk |
| Minimum Deposit | $300 (or currency equivalent) |
| Availability | ASIC (Australia), MAS (Singapore), FMA (New Zealand), FSCA (South Africa), DFSA (UAE), JFSA (Japan), FINMA (Switzerland), and BMA (Bermuda). |
| Business Account | Yes |
| Trading Platforms | IG web trading platform, IG mobile trading platform, ProRealTime, and MetaTrader 4. |
| Markets | 18,000+ including Forex, shares, indices, commodities, Options, cryptocurrencies, ETFs, Futures, Spots, IPOs, Thematic and Basket, Bonds, Interest rates, and Sectors. |
| Pricing model | Spreads. |
| Fees | Low |
| Minimum Trade Size | 1 Micro Lot (0.01) |
| Maximum Leverage | MAS – 1:20 ASIC, DFSA – 1:30 |
IG Share Dealing Account
The IG Share Dealing Account is a top-notch investment account that caters to both seasoned investors and newcomers in the stock market. This account provides access to a wide range of shares from major global stock exchanges, offering investors a diverse selection of companies to build a well-rounded portfolio.
With the IG Share Dealing account, investors can access over 13,000+ shares, 2000+ exchange-traded funds (ETFs), and a number of investment trusts. The account also features transparent pricing, competitive commission rates, and a range of research and analysis tools to help investors make informed investment decisions.
One of the key advantages of this account is its user-friendly platform, which offers real-time market data, research tools, and analytical resources to assist investors in making informed decisions. The platform’s state-of-the-art trading tools and features empower investors to track their investments efficiently and respond to market developments promptly.
In summary, the IG Share Dealing Account is particularly suitable for individuals who prefer a hands-on approach to managing their investments and those with a long-term investment horizon. The account also makes a perfect match for stock investors looking for access to a wide range of assets, low fees, and a user-friendly platform.
IG Share Dealing Account Features
Here is a breakdown of IG Share Dealing account key features;
| Account Features | Specifications |
|---|---|
| Minimum Deposit | $300 (or currency equivalent). Might vary based on country. |
| Availability | FCA (United Kingdom), ASIC (Australia), DFSA (UAE), and JFSA (Japan). |
| Business Account | Yes |
| Assets | 13,000+ Individual stocks, international exchanges, 2000+ exchange-traded funds (ETFs), and investment trusts. |
| Markets | UK, US, European, and Asian exchanges. |
| Share Transfer | Yes |
| Platforms | IG web platform, IG mobile platform |
| Dividends | Yes |
| Commission | Low. From $0 commission on US stocks. |
| Custody Fee | $0 |
IG Share Dealing ISA Account
The IG Share Dealing ISA account is an attractive IG account type for UK investors looking to maximize their returns while benefiting from tax advantages. As a tax-efficient Individual Savings Account (ISA), this account type allows UK residents to invest in a wide range of shares and other eligible assets without paying capital gains tax or income tax on any profits earned within the ISA wrapper.
The IG Share Dealing ISA account provides access to over 13,000 global markets including individual shares, investment trusts, and exchange-traded funds (ETFs). Clients are also provided with user-friendly platforms, transparent pricing, competitive commission rates, and a range of research and analysis tools to help investors make informed investment decisions.
Overall, the IG Share Dealing ISA account offers a straightforward and tax-efficient investment platform for UK investors seeking to build a long-term share portfolio. With its tax advantages, a wide range of assets, user-friendly platform, and competitive pricing, this account is well-suited for UK investors looking to embrace the opportunities of the stock market IG Share Dealing ISA Account Features
Here is a breakdown of the IG Share Dealing ISA account key features;
| Account Features | Specifications |
|---|---|
| Minimum Deposit | $300 (or currency equivalent) |
| Availability | FCA (United Kingdom) |
| Business Account | Yes |
| Assets | 13,000+ Individual stocks, international exchanges, 2000+ exchange-traded funds (ETFs), and investment trusts. |
| Markets | UK, US, European, and Asian exchanges. |
| Platforms | IG web platform, IG mobile platform |
| Dividends | Yes |
| Commission | Low. From $0 commission on US stocks. |
| Custody Fee | $0 |
IG Smart Portfolio Account
The IG Smart Portfolio account is an innovative and hassle-free investment account designed to cater to investors seeking a professional and fully managed portfolio. Powered by BlackRock, the world’s largest asset manager, these portfolios offer broad diversification across global markets, including fixed income, equity, gold, and property.
What sets the IG Smart Portfolio account apart is its simplicity and user-friendly approach. Investors only need to answer a few questions about their financial needs and risk appetite, and the account’s intelligent algorithms create a personalized portfolio tailored to their goals.
With expert management, low costs, and a user-friendly platform, the IG Smart Portfolio account empowers investors with the ability to invest in a managed portfolio easily and efficiently. Whether you’re a seasoned investor or a newcomer, this account offers a straightforward and effective way to access professionally managed portfolios and embark on a path to wealth-building.
IG Smart Portfolio Account Features
Here is a breakdown of the IG Smart Portfolio account’s key features;
| Account Features | Specifications |
|---|---|
| Account Currency | British Pound (£) |
| Minimum Deposit | £250 |
| Minimum Investment Amount | £500 |
| Availability | FCA (United Kingdom) |
| Dividends | No |
| Platform | IG web platform, IG mobile platform |
| Entrance Fee | £0 |
| Exit Fee | £0 |
| Withdrawal Fee | £0 |
| Inactivity Fee | £0 |
| Management Fee | 0.50% |
| Average Fund Costs | 0.13% |
| Transaction Costs | 0.09 |
| Avg. Total Annual Costs | 0.72% |
IG SIPP Account
The IG SIPP account is an excellent choice for individuals looking to take control of their retirement savings and make the most of their pension investments. As a Self-Invested Personal Pension (SIPP), this account offers a high level of flexibility and control, allowing investors to choose from a wide range of investment options to build a diversified and personalized retirement portfolio.
With the IG SIPP account, clients can access over 13,000+ global markets including individual stocks, exchange-traded funds (ETFs), investment trusts, and more. Clients are also provided with low and transparent pricing, user-friendly platforms, analytic tools, research tools, and more.
Furthermore, the IG SIPP account offers the potential for tax benefits. Investors can benefit from tax relief on their contributions, and any capital gains or income earned within the SIPP are tax-free, making it a tax-efficient vehicle to build wealth for retirement.
IG Demo Account
The IG Demo account is a risk-free resource designed to help traders of all levels refine their trading skills and strategies. Operating with virtual funds, users can explore the IG platform and experience real market conditions, including access to real-time data, charts, and pricing across various global markets, without risking their own capital.
One of the standout features of the IG Demo account is its unlimited account duration capabilities. Unlike some demo accounts with time restrictions, traders can use the IG Demo accounts for as long as needed, to practice and perfect their trading techniques before transitioning to live trading.
IG Demo Account Features
Here is a breakdown of the IG Demo account’s key features;
| Account Features | Specifications |
|---|---|
| Product | Contract For Differences (CFDs), Spread Betting, Turbo 24, Options, Share Dealing |
| Minimum Deposit | $0 |
| Account Duration | Unlimited |
| Availability | FCA (UK), ASIC (Australia), BaFin (Germany), CFTC (U.S.), NFA (U.S.), MAS (Singapore), FMA (New Zealand), FSCA (South Africa), DFSA (UAE), JFSA (Japan), FINMA (Switzerland), and BMA (Bermuda). |
| Trading Platforms | IG web trading platform, IG mobile trading platform, and MetaTrader 4. |
| Markets | 18,000+ forex, stock indices, commodities, metals, energies, spot metals, Shares, cryptocurrencies, DMA forex, DMA shares, ETFs and ETCs, options, interest rates, futures, bonds, IPOs, Thematic and Basket, sectors, and stock index futures. |
| Minimum Trade Size | 1 Micro Lot (0.01) |
IG Account Types Pros and Cons
Here, we explore the pros and cons of the account types offered by IG, providing valuable insights to help you make informed decisions for your trading or investment journey.
IG Accounts Pros
- A diverse range of account types to suit different trading preferences and goals.
- Extensive market access with thousands of global instruments 18,000+ available for trading and investing.
- Low fees compared to competitors.
- User-friendly and industry trading platforms available in desktop, web, and mobile versions.
- Professional-grade trading platforms for advanced and seasoned traders.
- Risk-free practice with the IG Demo Account.
- Tax benefits for pension planning with the IG SIPP Account.
- Tax-efficient investing with the IG Share Dealing ISA account and Spread Betting account.
- Flexibility for short-term opportunities with the IG Turbo 24 Trading Account, offering 24/7 market access.
- Potential for various trading strategies with a diverse range of products and account types.
- Expertly managed portfolios with the IG Smart Portfolio Account, suitable for hands-off investors.
IG Accounts Cons
- Some account types are limited to certain regions and jurisdictions.
- Traders must meet qualifications for the IG Professional Account, limiting access for certain individuals.
- Limited payment options.
Conclusion
In conclusion, IG offers a diverse range of account types tailored to meet the needs of traders and investors at every level of experience and expertise. From leveraged trading with the IG CFD trading account, Spread Betting account, and Options trading account, to long-term investing with the Share Dealing account and other investment account options, traders and investors have a wide selection of account types to choose from.
Also, for clients who want to get a feel for the platform and explore trading strategies risk-free, the IG Demo Account is a free and valuable resource. It allows traders to practice with virtual funds and experience real market conditions, with unlimited account duration.
Overall, IG’s wide array of account types, coupled with its user-friendly platform, extensive market access, and competitive pricing, make it a compelling choice for traders and investors seeking a reliable and cost-effective broker.
By now, readers should have gained insight into the different account types offered by IG, helping you identify the one(s) that best suits your preferences and goals. To gain more insights on IG, you can read our comprehensive IG broker review.
Frequently Asked Questions
What are the different account types offered by IG Markets?
IG Markets offers different account types, including the IG CFD Trading account, IG Spread Betting account, IG Professional account, IG Turbo24 Trading Account, IG Options Trading account, IG Limited Risk account, IG Share Dealing account, IG Smart Portfolio account, IG Share Dealing ISA account, and IG SIPP account.
How do I add funds to my IG Markets account?
To add funds to your IG Markets account, you can use various payment methods, such as bank transfers, credit/debit cards, or electronic wallets like PayPal.
How can I withdraw funds from my IG Markets account?
To withdraw funds from your IG Markets account, you can submit a withdrawal request through the online platform, specifying your preferred withdrawal method, such as bank transfer or electronic wallet.
Can I open different account types on IG Markets?
Yes, you can open different account types on IG Markets.
Can I hold both leveraged and non-leveraged investments within the same account?
On IG Markets, you would need to create separate accounts for holding leveraged and non-leveraged investments.
Can I switch between account types on IG Markets?
Yes, you can switch between different account types on IG Markets.
Is the IG Demo Account available for all account types?
Yes, the IG Demo Account is available for all account types on IG Markets.
Is there a trial period for the IG Demo Account?
There is no trial period for the IG Demo Account; it offers unlimited duration for practice and exploration with virtual funds.
Are there any fees associated with opening an IG account?
There are no fees associated with opening an IG Markets account.
Are there any IG account types designed specifically for day trading?
Yes, the IG CFD Trading Account, Spread Betting Account, Turbo24 Trading Account, Options Trading Account, and Limited Risk Account, are suitable for day trading as they offer leveraged opportunities and access to a wide range of global markets.
What is the main difference between the IG CFD Trading Account and the Spread Betting Account?
The main difference between the IG CFD Trading Account and the Spread Betting Account is the way they are taxed; CFD trading is subject to capital gains tax, while spread betting is exempt from capital gains tax in the UK.
What is the difference between the IG Professional Account and the retail account?
The main difference between the IG Professional Account and the retail account lies in the eligibility criteria, where the Professional Account is designed for experienced traders who meet specific requirements, offering higher leverage levels and access to certain benefits not available to retail clients.
Is the IG Markets platform available for mobile devices?
Yes, the IG Markets platform is available for mobile devices, allowing traders to access their accounts and trade on the go through the IG mobile app.
Can I transfer funds between different IG Markets accounts?
Yes, you can transfer funds between different IG Markets accounts, allowing you to manage your finances and trading activities more efficiently.
Are there any IG Market account type restrictions based on my trading experience?
Yes, certain account types like the IG Professional Account may have restrictions based on your trading experience, as they are designed for experienced traders who meet specific eligibility criteria.
Can I open a joint account with someone else on IG Markets?
Yes, you can open a joint account with someone else on IG Markets, allowing both account holders to trade and manage the account together.