IG, who have recently moved into the investment space with the launch of their share dealing and ISA accounts have now made it possible to buy into IPOs.
For what we think of here’s our IG trading platform review.
This puts them in direct competition with established stock brokers like Barclays, TD Direct, Interactive Investors and Hargreaves Lansdown (compare stock brokers here)
Although it does put IG in a rather odd position as they provide the white label for HL Markets the spread betting and CFD brand for Hargreaves Lansdown.
Current IPOs available to IG clients are Global Ports Holding and PRS REIT and as with most brokers IG don’t charge a commission for taking part.
Brokers are usually paid a percentage of the money they raise by the corporate finance house on behalf of the listing company.
IG clients taking part in IPOs can split allocations between their share dealing account and ISA accounts.
- Further reading: How to invest in IPOs
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com
