IG Review: IG offer around 15,000 through their spread betting, CFD trading and share dealing services as well as cryptocurrency trading, where you can trade Bitcoin and Ethereum (Ether) as a spread bet or CFD. IG recently launched a stockbroking service which allows you to invest in stocks via an ISA or SIPP account and ETF's through their Smart Portfolio service. IG are listed on the London Stock Exchange, see the IG share price on Google Finance here. Over 185,000 active clients as of May 2017 (source: iggroup.com)

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

IG Good Points:

  • Largest CFD & spread betting broker
  • Widest range of markets to trade
  • Public company listed on the London Stock Exchange

IG Bad Points:

  • Competitive spreads, but sometimes not the cheapest

IG Key Features


Founded in 1974 by Stuart Wheeler as IG Index, IG are a publicly listed broker headquartered on Cannon Street in London. As of November 2017 IG was valued at over £2.4bn with an active client base (as of May 2017) of over 195,000. IG has offices in Frankfurt, Geneva, Madrid, Milan, Paris, Stockholm, Melbourne, Singapore, Tokyo, Chicago, Johannesburg and Dubai. Visit IG

IG ReviewsIG Client Reviews
IG Expert Review
Exclusive InterviewNo - see other broker CEO interviews
PlatformsIG Trading PlatformMT4, L2 Dealer & APIs
IG UpdatesLatest IG News, Views, Reviews & Guides
Min Deposit£250
Account TypesSpread betting, CFDs, ForexStocks, ISA & SIPP, Prime Brokerage
Spread TypesFixed or variable
Funding MethodsCards, PayPal, Bank transfer
Customer SupportPhone, email, livechat
Execution TypeSTP, Hedged, DMA, Internally matched
FTSE 100 Pricing1 point
Germany 30 Pricing1 point
Wall Street Pricing1.6 points
Bitcoin Pricing30 points
Ether Pricing5 points
EURGBP Pricing0.9 points
EURUSD Pricing0.6 points
GBPUSD Pricing0.9 points
Gold Pricing0.3 points
Oil Pricing3 points
Stock Pricing0.10%
FCA RegulatedYes - See status
Year Established1974
Active Clients195,000
Markets available16,000+
Retail AccountsYes
Professional AccountsYes
Listed PLCYes (LSE) See IG share price
Country FoundedUK
Inactivity Fee£12 per month after 24 months
Overnight Funding Rates2.5% +/- Libor
Educational MaterialYes
Office Locations14
IG AlternativesIG Versus ETX Capital
IG Versus Core Spreads
IG Versus Plus 500
IG Versus Spreadex
IG Versus Saxo Capital Markets
IG Versus City Index
IG Versus Forex.com
IG Versus Pepperstone
IG Versus XTB
IG Versus eToro
IG Versus ayondo
IG Versus CMC Markets

IG Customer Reviews

Here's what users have to say about them. If you've used them leave a review to vote in our Awards for a chance to win £1,000 in Amazon Vouchers.

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Average rating:  
 9 reviews
by Mr Smith on IG
It is misleading to describe this as an options broker
Online Platform (out of 5 stars): 4
Customer Service (out of 5 stars): 3
Fees & Pricing (out of 5 stars): 4

IG is NOT an options trading platform. It is a spreadbetting / CFD platform. You can only take out CFDs or place spread bets with IG. You never actually own the options that the CFD or spread bet is based on. You are basically just betting on variations in the price of the option.

There are very few advantages to doing this. As option prices vary with the underlying, you may as well just bet on the underlying instead. Betting on the option instead just introduces another layer of complexity.

by Saleem Akbar on IG
Its got worse - the spreads have to go down
Online Platform (out of 5 stars): 5
Customer Service (out of 5 stars): 3
Fees & Pricing (out of 5 stars): UK

I have been with IG for many years, the main reason being I really like their charting software. However, since they have reduced leverage, after the European directive, their spreads have become even wider, probably to make up for the fact that one is forced to use smaller trade sizes. The worse thing currently about IG is the spreads that they apply to Indices and Equities. If they can reduce their spreads then I think it would be the best online broker for sure.

by Nicos Dem on IG
Wonderful expirience
Online Platform (out of 5 stars): 5
Customer Service (out of 5 stars): 5
Fees & Pricing (out of 5 stars): 5

Super satisfied from IG

by Pawel on IG
Online Platform (out of 5 stars): 5/5
Customer Service (out of 5 stars): 5/5
Fees & Pricing (out of 5 stars): 5/5


by Jacky on IG
on IG
Online Platform (out of 5 stars): 5
Customer Service (out of 5 stars): 5
Fees & Pricing (out of 5 stars): 4

the platform is easy to use, with many useful features, probably one of the best if not the best CFDs provider

  • Online Platform 5/5

  • Customer Service 5/5

  • Fees & Pricing 4/5

by scott on IG
IG's gone downhill
Online Platform (out of 5 stars): 4
Customer Service (out of 5 stars): 2
Fees & Pricing (out of 5 stars): 2

I have been with IG now for over 20 years. In the early years they provided excellent customer service. All were well mannered whenever I called up and all issues resolved promptly. However, over the last couple of years their customer services have really gone downhill. I was frequently kept on hold for long time. When there was an issue and I needed to close out my trades they took literally hours to close - hours seemed like eternity in trading, but yet this continued to happen again and again. When I asked for compensation it involved arguing over many emails with different people before I got my compensation. Their ordering system kept making errors and this meant I often had to call up. Their spreads weren't the best in the markets, so when combined with poor customer service it definitely is not worth staying with them.


  • Trading Platform 4/5

  • Customer Service 2/5

  • Spreads & Pricing 2/5

by Abdul Khan on IG

  • Trading Platform 5/5

  • Customer Service 4/5: slow

  • Mobile Apps N/A

  • Spreads & Pricing 3/5: very expensive

  • Market Range 5/5

  • Trade Execution Speed 5/5

  • Added Value 3/5: expensive

IG is a good broker but it is very expensive for the new trader, it ok for the rich they should have more concern for the newcomer. Trading forex, indices, stocks and indices with IG for 1-2 years on a daily basis)

by Tosho on IG

  • Trading Platform 5/5

  • Customer Service 5/5

  • Mobile Apps 5/5

  • Spreads & Pricing 5/5

  • Market Range 5/5

  • Trade Execution Speed 5/5

  • Added Value 5/5

Overall high standard software,c. service, low spread,acceptable leverage/margin notification before margin call /add funds/ quick charts, news page on the chart. Recommended. (Trading forex and indices with IG for 2-5 years on a daily basis)


  • Trading Platform 5/5

  • Customer Service 5/5

  • Mobile Apps 5/5

  • Spreads & Pricing 5/5

  • Market Range 5/5

  • Trade Execution Speed 5/5

  • Added Value 5/5

At this time I found the best broker in all purpose of trading market. IG is the best for me.  (Trading forex, commodities and indices with IG for 1-2 years on a daily basis)

IG Example Spreads (screenshot from IG.com 28.11.17)

Key Products:

  • Financial Spread Betting
  • CFDs (Contracts For Difference)
  • Cryptocurrencies
  • Stock Broking
  • Mini Prime Brokerage
  • Private Client and Institutional Accounts
  • DMA (Direct Market Access with Level 2 Pricing)
  • Weekend Trading (some indices and FX pairs are available on Saturday and Sunday)

Payment methods:

  • Cards: Visa, Mastercard & Maestro
  • Paypal: no additional cost
  • Bank Transfer

Research & Analysis

IG offer a wide range of sentiment tools for clients, especially in the Index and FX market after the purchase of DailyFX.com, which incorporates a lot of educational material and tools for clients.

The news and analysis portal covers the major news wires and also provides exclusive content such as:

  • Trade of the week - a weekly video highlighting significant moves
  • IG client sentiment data (what percentage of the client base is long or short)
  • The week ahead section - covering upcoming potential market moving economic announcements
  • IG community - where clients can share ideas, discuss the market and new products
  • Technical analysis and trading signals - these are provided by PIA-First once logged in and on the main market data section of the website by Autochartist

PIA-First trading signal example (screenshot taken form trading platform on 28/11/17)

Limited Risk Accounts

IG limited-risk account can protect clients from taking on too much risk, by ensuring that all the positions opened will not lose more than the initial deposit required to open the trade.

All positions through limited risk accounts will need to have a guaranteed stop, to put an absolute limit on the potential loss and give watertight protection against slippage. There is no additional charge for this extra protection unless the guaranteed stop is triggered.

The following features are not available on a limited-risk account:

  • ProOrder automated trading
  • Some risk-management tools, such as trailing stops

View more info on IG limited risk accounts here

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FCA regulation

CFD, share dealing and stocks and shares ISA accounts provided by IG Markets Ltd, spread betting provided by IG Index Ltd. IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. Both IG Markets Ltd (Register number 195355) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority. Excludes binary bets, where IG Index Ltd is licensed and regulated by the Gambling Commission, reference number 2628. IG Index supports responsible gambling, for information and advice please visit www.gambleaware.co.uk.

View more on IG's regulatory status here

IG Trading Platforms

IG offers their own in-house developed web based trading platform, as well as smart phone apps, although they have recently stopped supporting the Apple watch. MT4 is also available.

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