IG Broker Review 2023

IG is a global online broker established in 1974 by IG Group plc; a publicly-traded company, listed on the London Stock Exchange, and a constituent of the FTSE 250 Index.

IG offers spread betting, stockbroking, and CFD trading across a wide variety of asset classes including forex, shares, indices, commodities, cryptocurrencies, options, bonds, interest rates, sectors, and ETFs with over 17,000+ instruments available to trade.

IG offers an exceptional brokerage service, with trading solutions suitable for retail and institutional clients such as hedge funds, family offices, private investment vehicles, asset managers, brokers, banks, and introducing brokers.

With IG, traders can get access to an extensive list of exceptional brokerage services such as deep liquidity, superior trade execution, volume-based rebates, industry-standard trading platforms (proprietary & third-party), competitive spreads & low commissions, expert customer support service, and much more.

At a Glance

Head OfficeCannon Bridge House 25 Dowgate Hill London
RegulationsCFTC (U.S.), FCA (U.K.), ASIC (Australia), FCA (United Kingdom), FINMA (Switzerland), FMA (New Zealand), MAS (Singapore), FSA (Japan), FSCA (South Africa), DFSA (UAE), BMA (International)
Trading PlatformsProRealTime, L2 Dealer, MetaTrader 4
PC TradingAvailable
Mobile TradingAvailable
Available ProductsCFDs, Spreadbetting, Barriers and Vanilla Options
Asset ClassesForex, Indices, Shares, Commodities, Futures
Minimum Deposit$0
LeverageRetail – 1:30
US Traders – 1:50
Professional Traders – 1:222
Minimum Trade Size0.01
Demo AccountAvailable
Deposit & Withdrawal MethodsCard Payments and Bank Wire Transfer.
Account Base CurrenciesUSD, GBP, AUD, EUR, SGD, HKD

Pros & Cons


  • Fully licensed and regulated globally.
  • Access to industry-standard proprietary and third-party trading platforms.

License and Regulation.

IG is licensed and regulated by multiple top-tier financial regulatory bodies around the world, these include;

  • Financial Conduct Authority (FCA)
  • Monetary Authority of Singapore (MAS)
  • Autorité des Marchés Financiers and Autorité de Contrôle Prudentiel et de Resolution (Banque de France)
  • Australian Securities and Investments Commission (ASIC)
  • Financial Markets Authority (FMA)
  • Dubai Financial Services Authority (DFSA)
  • Financial Conduct Authority (FCA)
  • Japanese Financial Services Authority (JFSA)

Account Types

IG provides clients with separate account types for all products offered on their platform. The account types offered include;

  • CFD Trading Account
  • Spread Betting Account and
  • Share Dealing Account (Can be used to buy and sell actual shares of companies).

Product Offering

IG offers over 17,000+ markets that can be traded through the different financial products offered on the platform.

  • CFDs – Forex, Indices, Shares CFDs, Commodities, Cryptocurrencies CFDs.
  • Spread betting – Forex, Indices, Shares, Commodities, Cryptocurrencies.
  • Vanilla Options – Forex Indices, Commodities.
  • Barriers – Forex, Indices, Commodities, and Shares.

Spreads and Commissions

With IG, traders pay a spread on every non-share CFD and pay a commission on every share CFD trade. Below are examples of how spreads, commission and margins are charged by IG. For more information please refer to their website here.


per side from
Min charge
Margin required
Australia0.08%$7From 10%
US2 cents per shareUS$15From 10%
Euro0.10%€10From 10%
UK0.10%£10From 10%
HK0.18%HKD50from 10%
These are examples of how spreads, commission and margins are charged by IG. For more information please refer to their website here.


per pip
Min spreadAverage spreadMargin required
These are examples of how spreads, commission and margins are charged by IG. For more information please refer to their website here.


Market nameValue of one contractBest available spreadMargin per contract
Australia 200
24 hours
Wall Street
24 hours
24 hours
24 hours
These are examples of how spreads, commission and margins are charged by IG. For more information please refer to their website here.


Market nameValue of one contractSpreadMargin per contract
Spot GoldUS$1000.30.5%
Spot SilverUS$5022.0%
Oil – US CrudeUS$102.81.5%
Oil – Brent CrudeUS$102.81.5%
These are examples of how spreads, commission and margins are charged by IG. For more information please refer to their website here.

Trading Fees

When picking a broker, it is important to know what fees are charged by the broker in order to avoid paying unnecessary fees. IG offers a very transparent fee structure with no hidden fees charged. Fees charged by the broker can be seen in the table below.

Fee TypeDetails
Direct Market Access (DMA)IG does not charge for using DMA to trade forex, CFDs and shares, although in order to access live DMA prices for certain shares you’ll need to pay a monthly exchange fee.
Live Price Data FeedsTo obtain live share prices from an exchange via a share dealing account incurs a monthly fee.
ProRealTime ChartsSubscribing to the broker ProReal-time charts costs $40 per month which is refunded if you place four or more trades a month.
Inactivity FeeAn inactivity fee of $18 is charged if there is no trading activity performed on the trader account in the space of two years or more.
Account Documentation FeeIG Charges a $50 (US) fee on accounts that have not supplied a mandatory W-8 or W-9 form prior to the dividend ex-date of a qualifying trade on a US-incorporated stock.

Account Deposit and Withdrawals

IG provides traders with fast deposits and withdrawals at no cost, as there are no fees charged for deposit and withdrawal conditions.

It offers flexible deposit and withdrawal options as traders have the options to process payment through a variety of popular funding methods which includes debit cards, credit cards, Paypal and Bank transfers.

In addition, the minimum initial deposit required by IG is £250 or the equivalent in other currencies.

Also, if funding by a credit card, a maximum of £30,000 can be deposited per day and up to £99,999, if funding is done with a debit card and larger payments can be processed via bank transfers.

Trading Platforms

IG offers three advanced trading platform which consists of their proprietary trading platforms and a third-party trading platform. Trading platforms available on IG include;

  • ProRealTime
  • L2 Dealer
  • MetaTrader 4


IG ProRealTime Trading Platform
IG ProRealTime Trading Platform

The ProRealTime (PRT) trading platform offered by IG is an advanced web-based charting package offering powerful monitoring tools, flexible access and advanced analysis resources. The trading platform is suitable for technical chart traders. Also, it comes with a $40 monthly fee, but if you trade CFDs at least four times a month then you would be refunded.

L2 Dealer

IG L2 Dealer Trading Platform
IG L2 Dealer Trading Platform

The L2 Dealer trading platform offered by IG is a free downloadable platform that offers direct market access (DMA) with access to trade forex and share CFDs. The trading platform comes with great trading features including helpful monitoring tools such as watchlists, price alerts, orders, and more.

IG Trading Platforms At a Glance

Proprietary Trading PlatformYes
PC Platform Yes
Mobile PlatformYes
Web Platform Yes
Social TradingYes
Copy TradingNo
MetaTrader 4Yes
MetaTrader 5 Yes

Customer Support

IG provides their traders with a multi-lingual customer support team, available 24 hours from 8 am on Saturday to 10 pm on Friday.

The customer support team can be reached via live chat, e-mail and telephone and has a fairly average response rate when compared to other industry-standard brokers, as they are room for improvements, especially with their response rate.


IG has been around for more than four decades and has maintained a wonderful reputation in the trading industry, which is evident from the number of worldwide active traders they’ve amassed over the years. The broker is suitable for all types of traders (beginner, intermediate and professional) due to its advanced but easy to use interface.

IG is also considered safe and reliable as it is fully licensed and regulated by top-tier regulatory bodies across the globe. They are also listed on a stock exchange which means they disclose their financials, making them a very transparent broker to work with.