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IG Markets Review

FX Author By Jeffrey Cammack Author Information Updated: June 11, 2020
Overall Rating
4.63 4.63 / 5
Min. DepositUSD 250
Max. Leverage200:1
Min. Spread0.6 pips
Regulators FCA,ASIC,FSCA
Regulator Origin FCA ASIC FSCA
Trading Desk Type

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

Regulation 11111
Trading Conditions 11110.5
Trading Platforms 11110.5
Deposit & Withdrawal 11111
Education & Research 11111
Assets Available 11110.5
Customer Service 11110
Beginner Friendly Good
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
Islamic Account Yes

Average Spreads

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

Company Details

Company nameIG Markets Ltd
Founded1974
Website www.ig.com
Type Market Maker
Regulators FCA,ASIC,FSCA
Office locations South Africa, United Kingdom

Deposit & Withdrawal Methods

Supported Platforms for IG Markets

Alert 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

Tickmill

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Overall Rating 11110.5 4.63 / 5 11110.5 4.61 / 5 11110.5 4.54 / 5
Minimum DepositUSD 250AUD 100USD 100
Regulation
FCA FCA
ASIC ASIC
FSCA FSCA
FCA FCA
ASIC ASIC
DFSA DFSA
CySEC CySEC
FCA FCA
FSA-Seychelles FSA-Seychelles
Trading Desk Type
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
Pros
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Excellent education
  • Excellent market analysis
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
  • Tight spreads
  • Well regulated
  • Fast and free withdrawals
  • Wide range of assets
Cons
  • High minimum deposit
  • High minimum deposit
  • Limited market analysis
  • MT4 only
Read Full Review Read Full Review
Regulation 11111 5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11110.5 4.5 / 5 11110.5 4.5 / 5 11111 5 / 5
Trading Platforms 11110.5 4.5 / 5 11111 5 / 5 11110 4 / 5
Deposit & Withdrawal 11111 5 / 5 11110 4 / 5 11110.5 4.5 / 5
Education & Research 11111 5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11110.5 4.5 / 5 11110 4 / 5
% Lose with this broker 76% of retail investor accounts lose money when trading CFDs with this provider 78.6% 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
  • Spread Betting (Standard)
  • Swap-free
  • VIP (Vip)
Islamic Account Yes Yes Yes
Trading Platforms MT4 cTrader , MT4 , MT5 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 Clear all brokers

IG Markets

Visit Website

Pepperstone

Visit Website

Tickmill

Visit Website
Overall Rating 11110.5 4.63 / 5 11110.5 4.61 / 5 11110.5 4.54 / 5
Minimum DepositUSD 250AUD 100USD 100
Regulation
FCA FCA
ASIC ASIC
FSCA FSCA
FCA FCA
ASIC ASIC
DFSA DFSA
CySEC CySEC
FCA FCA
FSA-Seychelles FSA-Seychelles
Trading Desk Type
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
Pros
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Excellent education
  • Excellent market analysis
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
  • Tight spreads
  • Well regulated
  • Fast and free withdrawals
  • Wide range of assets
Cons
  • High minimum deposit
  • High minimum deposit
  • Limited market analysis
  • MT4 only
Read Full Review Read Full Review
Regulation 11111 5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11110.5 4.5 / 5 11110.5 4.5 / 5 11111 5 / 5
Trading Platforms 11110.5 4.5 / 5 11111 5 / 5 11110 4 / 5
Deposit & Withdrawal 11111 5 / 5 11110 4 / 5 11110.5 4.5 / 5
Education & Research 11111 5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11110.5 4.5 / 5 11110 4 / 5
% Lose with this broker 76% of retail investor accounts lose money when trading CFDs with this provider 78.6% 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
  • Spread Betting (Standard)
  • Swap-free
  • VIP (Vip)
Islamic Account Yes Yes Yes
Trading Platforms MT4 cTrader , MT4 , MT5 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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