IG Markets Review

$210
Minimum Deposit
200:1
Maximum Leverage
0.6
Minimum Spread

 At this time IG Markets is not taking new customers from TradeForexSA. For a full list of broker options, click here

6.5 TradeForexSA
Pros
  • IG Markets has its own proprietary award-winning web-based trading platform.
  • Trading various instruments: spread betting, CFD, Forex, Binary Options, Bitcoin.
  • Reach learning resource and round the clock support.
Cons
  • No negative account balance protection.
  • Deposit and withdrawal fee.
  • Can only deposit via Bank Account and credit/debit card.
Summary
IG Markets is a UK-based financial spread betting and CFD provider. IG is one of the oldest financial UK brokers having a rich history dating back to 1974. With more than 40 years of experience, IG Markets has become the world’s largest financial spread betting and CFD broker.

IG Markets is regulated by the Financial Conduct Authority in the UK but has a strong global presence with offices across 17 countries including South Africa. Creating an account with IG Markets is hassle free and you can have your free trading account instantly.
Account Types7.5
Client Support & Onboarding4
Free Services7.5
Deposit & Withdrawal7

IG Markets is a Market Maker (MM) type of broker and a DMA (Direct Market Access) type of broker. You can trade the forex products through IG Markets DMA service which ensures full trading transparency. In a DMA environment, you trade directly with the liquidity providers which means you’ll always trade on the best bid and offer price available.

Regulatory/Reputation Background

In terms of regulations and reputation, IG Markets is licensed and well-regulated by the major regulatory bodies around the globe, including the UK’s Financial Conduct Authority (FCA) which has strict regulatory requirements. But IG Markets have its own office in South Africa dedicated primarily to the South African traders and it is also licensed by the licensed by the South Africa’s Financial Services Board (FSB) which gives them a strong presence across the globe

Account Types Available to Traders

Firstly, IG Markets offers you the flexibility to choose among three different types of trading platforms (RealProTime web-based platform; MetaTrader4 and Mobile trading platform) that can suit all your trading needs.

The account opening process is as easy as possible as you only need to complete an online application form and fund your account. With an IG Markets account, you can have access to both Live and a Demo trading environment. The main IG Markets trading accounts are as follows:

  1. Spread Betting Account: There is no minimum deposit to open a spread betting trading account. This is the easiest way to take advantage of both rising and falling markets. The Trading costs are quite low you only pay 0.6 spread on EUR/USD; 1 point on FTSE100, and only 0.1% for individual shares.
  2. CFD Trading Account: This is a flexible way to trade CFD instruments across a variety of markets, including Forex currency pairs, indices, and commodities. With this type of account, you get reduced commissions for the first 2-weeks of trading.
  3. Share dealing, ISA, SIPP and IG Investments Smart Portfolios: These are non-leverage account types that let you trade stocks and shares.

Other Highlights

You can have your binary option account all in one with your FX and CFD trading account. IG Markets offers binary options trading with time scale ranging from as short as 60 seconds up to 30-days expiration.

  • Access to over 15,000 global markets you can trade.
  • Spread betting profits are exempt from capital gains tax in the UK and other countries.

Conclusion

The number one priority when choosing a broker is to make sure it’s regulated and licensed by major regulatory bodies. This will add an extra layer of protection for your funds. IG Markets is well-regulated and has a strong reputation among traders.

IG Markets is a well-established and reliable broker. If you’re looking for a broker that offers a variety of markets and instruments, then IG Markets is one of the better brokers out there.


 At this time IG Markets is not taking new customers from TradeForexSA. For a full list of broker options, click here