Hint: Have a look at the CFD Broker Comparison – there some brokers did better than IG!
Internationally the broker IG Markets is now in the absolute upper class. Not only the trade with CFDs and binary options is offered, but also the Forex Trading. By the way: for some time the broker markets itself no longer under the name IG Markets, but calls itself simply IG. In our empirical report we did not only examine the seriosity and reliability of the enterprise, but compared also achievements and conditions.
Background: so seriös is IG Markets
IG definitely one of the oldest offerers for trading with foreign exchange, CFDs, shares and other financial products. The main enterprise IG Group Holding can look back meanwhile on an experience of over 40 years. The successful company was founded in London in 1974. This is still the location of IG Group’s head office, which has been used for decouplings such as IG Markets. The IG project is available in over ten different languages, including, of course, German. A German branch is located in Düsseldorf. The friendly service staff are there to help you in word and deed.
The world’s largest broker convinces with his trustworthiness. IG Markets is reputable, as can be seen from the fact that it is regulated by official supervisory authorities in various countries. For example, there is a registration with the British Financial Conduct Authority (FCA). In addition, there is also German regulation by BaFin. These regulatory authorities look closely over the broker’s shoulder and keep an eye on him. This virtually excludes the possibility of fraudulent behaviour.
The IG Group Holding employs over 1,000 people worldwide. IG Holdings plc, the company’s UK limited liability company, is listed in the TFSE 250 share index with the 250 largest companies in England. In addition, the German IG Ableger has received various awards such as that of the best CFD broker 2013 from the magazine Euro am Sonntag.
IG is proud of the fact that the broker is the world’s largest operating service provider for trading Forex, CFDs and binary options. IG Markets’ offering is regularly updated and expanded. Also thereby we attained an extraordinarily professional impression of the offerer in the test. With regard to reliability and trustworthiness we can only give IG top marks.
Video preview of IG Markets
In the following video you will find our experiences with IG Markets in the summary. We’ll also show you how to register and show you the first steps with the provider.
You can now take a look at the video to get a preview of IG:
What customers say
First of all: there are critical voices on the Internet for every broker trading foreign exchange. However, there is usually more excitement about the general principle of trading currencies than constructive criticism of the broker. This is also the case with IG. In the comparison to other Forex brokers shows with IG Markets however also that a clearly higher number at users and users is very content with the offer of IG. Traders know that IG is a reliable broker they can trust at any time. This also becomes clear in the steadily rising user numbers.
Customers also say that IG Markets would probably not have been their first choice without prior Internet research. Other providers advertise with fast deposits and excessively high deposit bonuses. These again conceal not rarely that the actual offer of the broker is not particularly attractively equipped. IG does not attach any importance to such an external effect. Therefore among the customers above all experienced and professional Trader are to be found, which know gladly a reliable partner at its side.
The support in test
The support possibilities at IG are broadly graded. Thus, a distinction is made between customers and non-customers when making contact. For both there are telephone numbers and email addresses, over which the traders can announce themselves, in order to step directly into contact and get all questions answered. Some telephone numbers like for example those of the technical support lead however to England, so that you should be powerful with such a request of the English language.
In addition IG has a live Chat, over which you can chat simply and fast with the coworkers. In our test this possibility was unfortunately not available, although we tried it between the available times (Monday to Friday, 8:15 to 22:15 clock). Telephone support is also not available 24 hours a day for questions. Our IG Markt experience report comes to the conclusion that the employees are generally very competent and friendly, but seem to be under a certain time pressure. Questions are answered correctly and quickly. Perhaps IG Markets in Germany should slightly increase the number of employees here in order to relieve the current service personnel.
Our experience with IG
The huge experience of the parent company IG Group Holding is convincing. Also meanwhile over 17 addresses world-wide and the general attitude on international public are indicator for the fact that with IG Markets for higher one strives. IG is completely serious and reliable due to the double regulation in Great Britain and Germany. Further countries will follow with security.
In view of the respectability we can give IG only a very best result. Here you don’t need to be afraid of being ripped off or cheated.
The IG Markets offer
In order to be able to compare Forex brokers better with each other, there are overviews that compare different conditions and services as well as important indicators such as the maximum leverage and the spread with each other. In our field report we have taken a close look at these points and compared them in a short overview, structured according to thematic aspects.
How to trade on IG Markets?
IG’s offering is based on trading different currency pairs. The Forex trade stands therefore in the focus and was the first division, in which the enterprise specialized itself. In the course of the years the offer pallet increased however clearly at potential. In the meantime, traders can also trade other financial products with experts in this field. One of these is trading CFDs, which works with a leverage similar to Forex trading. This gives you the opportunity to increase your actual stake and deposit per position and generate profits more quickly. In addition, IG also offers binary options positions. This financial sector is rapidly gaining popularity on the Internet as binary options trading is very simple and easy to understand. In binary options, there are different types of trading.
In total, IG’s offering is very rich and offers interesting opportunities for all financial traders to use their money. This is where IG Markets fully lives up to its reputation as a market leader.
Maximum leverage of 200:1
The lever is one of the important indicators used to compare different Forex brokers with each other. With IG Markets the lever lies with 200:1. That means that with a transaction employment of 50 euro equal with 10.000 euro at the market can be traded. Thus, changes in the last decimal place of the exchange rates of the currency pairs also have an effect on profit and loss. With a maximum leverage of 200:1, however, IG is in our experience rather in the lower range of Forex brokers. Other providers offer significantly higher leverage, which increases the chances of profit, but also the risk for the trader.
The spread, i.e. the costs per transaction that are deducted directly, is at IG values from 0.8 pips. Compared to the competition, this benchmark is very low, but only applies to a few currency pairs. Some other pairs have a spread of up to 200.
Trading with IG Markets mobile
The range of different trading software on offer at IG is very broad. In our test we could not only use external programs like the popular MateTrader4 and ProRealTime. L2Dealer for professional traders and an own trading platform, which convinced by functionality and stability, were also available. Mobile Trading Apps for Blackberry, Android, Windows and iOS are also available. In our experience, this was a rich offer that definitely convinced us.
Deposit and Withdrawal
IG Markets is less positive in the area of deposits and withdrawals. Although the latter is done dutifully and the money is on the account within a few days, deposits and withdrawals are only available by bank transfer and credit card. In addition, 1.5% transaction costs are added as fees for deposits via credit card. In general these two transaction possibilities are safe, but in today’s time simply too little.
Bonus and special offers
Leider IG completely renounces deposit bonuses and other special offers, which promise you more money to trade. Only the “customer recruits customer” area can lead to a slight increase of the account in the form of a bonus.
No minimum deposit – directly traden
A full account can be opened from one euro. While the competition requires minimum deposits of at least 50 euros, IG Markets is very customer-friendly here. Beyond that there is also no minimum transaction size, so that prospective customers can already enter with 5 euro and begin with the trade.
77 currency pairs, over 7.000 CFDs
The number of tradable underlyings is impressing: Among the altogether 77 currency pairs, which are available for the Forexhandel, virtual and exotic pairs are also. More than 7,000 CFDs add an important component to IG Markets’ offering, which is also only available in a slimmed-down form from other brokers.
Rich Education Center
Additional functions such as a live message field are built into the trading platform. In addition, the Education Center offers interesting video courses, webinars, seminars in German and actually everything that beginners and professional traders can use for further training. Market data are given, analyses and news are called and an economic calendar is likewise part of the offer.
As a special addition, all customers are provided with a 14-day free demo account. With the IG demo account you can become acquainted with the market with 10.000 virtual euro and try out strategies at a demo.
Overall evaluation: So well is IG Markets
The enormous respectability and reliability of IG is in connection with the stable trading system and a rich educational offer as well as the small Spread one of the main arguments, why you should register yourselves with IG Markets. We can overlook here over the low lever of 200:1 and would like to recommend the offerer to all, which would like to trade really seriously and professionally with foreign exchange.
For the trade with finances I looked for a genuine Allrounder and found this in my opinion with the market leader IG Markets also. CFD trading, Forex trading and binary options trading are the possibilities that are offered to me by the expert. Up-to-date I use still all trade chances, would like me however in the next time to specialize, in order to have better chances on a profit.
written before 48 months
At this point I would like to thank the support of IG once again! The employees really help with every problem that occurs in connection with their software. In terms of content, too, most of the customer service staff have been able to help me in a simple and straightforward way to make a direct profit. I fully praise the customer service and would like to point out that unlike the article mentioned, I always have a live chat available for all kinds of questions. Also there the employees are very friendly. IG has managed to create a certain customer loyalty for me. I will probably not change my Forex broker again. The market leader has somewhat higher fees, it is worthwhile itself however perfectly.
written 46 months ago
outside I can only to the Forex Trading with IG Markets. Further experiences with CFD trading and binary options I haven’t made yet. But Forex trading offers me very good levers, which are not too risky but also not too low. There are now over 80 currency pairs on which I can bet at IG. If I don’t know what to do at a certain rate, I just take a look at the Education Center. All the necessary information is served directly to me there. Unfortunately I made the mistake of not appreciating the free demo account enough at the beginning. Now the 14 day trial period is over and I can’t simply test my strategies and tactics at IG without problems and risks. I think IG should make this demo account available for even longer.
written 43 months ago
Many brokers seem to pursue education only as an alibi. Not so with IG. Here this topic is taken absolutely seriously and the investor has access to numerous contents.
written before 38 months