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IG Markets Broker Review

FX Scouts By Jeffrey Cammack Updated: February 25, 2020
Overall Rating
4.63 / 5
Min. DepositUSD 250
Max. Leverage200:1
Min. Spread0.6 pips
RegulatorsFCA,ASIC,FSCA
Regulator Origin FCA ASIC FSCA
Broker TypeMarket Maker

Summary

If you're a beginner Forex trader, you can't find a much better broker than IG Markets. Despite being a market-maker with a single account, IG is one of our highest rated brokers for good reason. Spreads are very tight considering the low minimum deposit and the educational support and market analysis are probably the best in the industry. A wide choice of platform (including MT4) is also available and customer service is world-class.

All of this is coupled with regulation from the FCA and ASIC and a long history of satisfied clients. As the winner of the Broker of the Year 2018 (UK Forex Awards) and Best CFD Provider 2017 (Investment and Wealth Management Awards), IG Markets is an attractive choice for both beginner and experienced traders.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum DepositUSD 250
Base currenciesAUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD
Number of FX Pairs93
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts No

Average Spreads

EUR / USD0.6
GBP / USD0.9
USD / JPY0.7

Company Details

Company nameIG Markets Ltd
Founded1974
Website Visit Website
TypeMarket Maker
RegulatorsFCA,ASIC,FSCA
Office locations South Africa, UK

Deposit & Withdrawal Methods

Supported Platforms for IG Markets

Most retail CFD accounts lose money. Your capital is at risk.

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IG Markets

IG Markets

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Pepperstone

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Tickmill

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Overall Rating 4.63 / 5 4.56 / 5 4.54 / 5
Minimum DepositUSD 250AUD 100USD 100
Regulation
FCA FCA
ASIC ASIC
FSCA FSCA
FCA FCA
ASIC ASIC
CySEC CySEC
FCA FCA
FSA-Seychelles FSA-Seychelles
Broker TypeMarket MakerECN/STPSTP
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Equities, Bonds, Interest Rates, Digital 100s, IPOsCommodities, Cryptocurrencies, Forex, Indicies, Metals, EnergiesCryptocurrencies, Forex, Indicies, Metals, Equities, Bonds, WTIs
Forex Pairs9380+60+
Crypto Pairs851
Read Full Review Read Full Review
Trust Rating 5 / 5 5 / 5 5 / 5
Trading Conditions 4.5 / 5 4.5 / 5 5 / 5
Trading Platforms 4.5 / 5 5 / 5 4 / 5
Deposit & Withdrawal 5 / 5 4 / 5 4.5 / 5
Education & Research 5 / 5 4.5 / 5 4.5 / 5
Assets Available 4.5 / 5 4.5 / 5 4.5 / 5
Customer Service 4 / 5 4 / 5 4 / 5
% Lose with this broker 68% of retail investor accounts lose money when trading CFDs with this provider 73.6% of retail investor accounts lose money when trading CFDs with this provider 73% of retail investor accounts lose money when trading CFDs with this provider
Leverage200:1500:1500:1
Spread0.6 pips0.0 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Live Account (Standard)
  • Spread Betting (Standard)
  • Razor (Standard)
  • Standard (Standard)
  • Swap-free
  • Classic (Standard)
  • Pro (Standard)
  • VIP (Vip)
Swap-Free Accounts No Yes Yes
Trading Platforms MT4, MT5 MT4, MT5, cTrader MT4
Funding Methods Bank Transfer, Visa, Mastercard, Paypal Bank Transfer, Visa, Mastercard, Skrill, Paypal, Unionpay, POLi, BPay Bank Transfer, Visa, Mastercard, Skrill, Neteller, SticPay, Unionpay, Fasapay
Trading Commission Fees Included in Spread From 7 USD / lot - Razor Account 4 USD / lot - Pro Account
Clear all brokers

IG Markets

Visit Website

Pepperstone

Visit Website

Tickmill

Visit Website
Overall Rating 4.63 / 5 4.56 / 5 4.54 / 5
Minimum DepositUSD 250AUD 100USD 100
Regulation
FCA FCA
ASIC ASIC
FSCA FSCA
FCA FCA
ASIC ASIC
CySEC CySEC
FCA FCA
FSA-Seychelles FSA-Seychelles
Broker TypeMarket MakerECN/STPSTP
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Equities, Bonds, Interest Rates, Digital 100s, IPOsCommodities, Cryptocurrencies, Forex, Indicies, Metals, EnergiesCryptocurrencies, Forex, Indicies, Metals, Equities, Bonds, WTIs
Forex Pairs9380+60+
Crypto Pairs851
Read Full Review Read Full Review
Trust Rating 5 / 5 5 / 5 5 / 5
Trading Conditions 4.5 / 5 4.5 / 5 5 / 5
Trading Platforms 4.5 / 5 5 / 5 4 / 5
Deposit & Withdrawal 5 / 5 4 / 5 4.5 / 5
Education & Research 5 / 5 4.5 / 5 4.5 / 5
Assets Available 4.5 / 5 4.5 / 5 4.5 / 5
Customer Service 4 / 5 4 / 5 4 / 5
% Lose with this broker 68% of retail investor accounts lose money when trading CFDs with this provider 73.6% of retail investor accounts lose money when trading CFDs with this provider 73% of retail investor accounts lose money when trading CFDs with this provider
Leverage200:1500:1500:1
Spread0.6 pips0.0 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Live Account (Standard)
  • Spread Betting (Standard)
  • Razor (Standard)
  • Standard (Standard)
  • Swap-free
  • Classic (Standard)
  • Pro (Standard)
  • VIP (Vip)
Swap-Free Accounts No Yes Yes
Trading Platforms MT4, MT5 MT4, MT5, cTrader MT4
Funding Methods Bank Transfer, Visa, Mastercard, Paypal Bank Transfer, Visa, Mastercard, Skrill, Paypal, Unionpay, POLi, BPay Bank Transfer, Visa, Mastercard, Skrill, Neteller, SticPay, Unionpay, Fasapay
Trading Commission Fees Included in Spread From 7 USD / lot - Razor Account 4 USD / lot - Pro Account

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.

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