Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.
- Good Money Guide experts rate IG Forex Trading highly, noting its excellent range of forex pairs and robust trading platform. They highlight the platform's deep liquidity, which benefits both small and large traders, while also mentioning the lack of forex futures as a limitation. Overall, IG receives a total rating of 4.6/5, with particularly strong scores in market access and research.
- Across 746 user reviews on Good Money Guide, averaging 4/5, customers frequently commend IG for its user-friendly platform, reliability, and extensive range of trading products. Many users appreciate the seamless integration of various investment options, including crypto, and highlight the competitive pricing and educational resources available. However, some users express concerns about occasional trading issues, indicating that while the platform is generally efficient, there are moments when it may not function as expected.
IG Forex Trading Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.- Pricing4.0
- Market Access5.0
- App & Platform5.0
- Customer Service4.0
- Research & Analysis5.0
Pros
- Excellent range of forex pairs
- Good forex news, analysis and signals
- Deep FX liquidity
Cons
- No forex futures
- Forex options only available as a CFD or spread bet
See full expert review
Our verdict
Due to its size, IG offers some of the best liquidity for forex trading, meaning that smaller clients get tight pricing and high-volume forex traders won’t find it hard to execute larger orders. IG’s forex trading offering is one of the best around with a wide-ranging and competitive margin FX service across several dealing platforms which will comfortably meet most retail traders’ needs.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.
Is IG a good forex broker?
Yes, you can trade forex as either a spread bet or CFD in the UK, and on the IG platform forex pairs are grouped by, major, minor, exotic and emerging crosses, which are rankable by the popularity of an FX pair.
Forex Signals
You can also hunt out upcoming trading signals, which are directly linked to a trading ticket (with corresponding stops and limits) for quick execution. These stops can be guaranteed stops (which will always be filled at your price no matter is the market gaps below) or trailing stops that move based on how profitable your position is).
Forex Options
You can trade forex options on a daily, weekly or quarterly basis for major pairs from £1 per point, if you want to take limited-risk forex positions. One of the lesser used but most helpful features through is the ability to trade forex when others can’t over the weekend. IG provides a weekend market for EURUSD, GBPUSD and USDJPY on Saturday and Sunday. Pricing is obviously wider, it does help provide some more control over your positions.
IG Forex Trading Platform
To trade an individual forex pair, the platform “workspace” gives a good overview with quick access to news, analysis, and integrated trading signals (from Autochartists and PIA). The market data page also gives some good indicators of IG client sentiment, how much a forex pair has been traded within the last hour and month, what excepted price ranges are and what volatility has been like.
Customer reviews for IG
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 746 reviews
- Excellent38%
- Very good36%
- Basic18%
- Poor5%
- Bad3%
Read customer reviews
Excellent. Could have wider range...
Excellent. Could have wider range of fixed income products
low cost and good platform
low cost and good platform
Nil
Nil
Love using this company for...
Love using this company for currencies and commodities, haven't gone into great detail in the more advanced chargeable services, but don't need that for what I do. Charting platform is live don't subscribe to and advanced charting or news platform provided but IG. The only thing I don't like about it is that when using the phone service for charting, when the software is updated it loses all your saved settings.
Easy to lose money trading.
Easy to lose money trading.
Good interface
Good interface
No view
No view
Really easy to use
Really easy to use
Fast and efficient trading platform
Fast and efficient trading platform
Complex, but reflective of the...
Complex, but reflective of the range of trading options
IG
Good, efficient and does the...
Good, efficient and does the job
Not overly useful presentation
Not overly useful presentation
Good. used for shorting
Good. used for shorting
Not used for a while
Not used for a while
Nothing
Nothing
-
-
sweet
sweet
I like it use 90%...
I like it use 90% of the time - low cost trading
Good
Good
Despite IG’s original name being IG Index and before that Investors Gold Index, you can trade forex on their platform. Unlike most other forex brokers, which see the largest percentage of their volumes in the forex markets, IG’s most popular asset class is indices, followed closely in second by currency trading.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.
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.
