Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.
- Experts highlight that IG MT4/MT5 Trading provides access to a limited range of markets when using MT4, but benefits from IG's strong support and resources for traders. The platform is well-rated for pricing, market access, and customer service, each scoring 4.0/5, with an overall rating of 4.0/5.
- Across 746 user reviews on Good Money Guide, averaging 4/5, customers frequently commend the platform's ease of use, reliability, and comprehensive range of products. Many users appreciate the seamless integration of crypto trading with other investments, while some mention the platform's educational resources and customer support as significant advantages. However, a few users express concerns about occasional technical issues affecting trading performance.
Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated IG MT4/MT5 Trading across five key areas of our review framework.
- Pricing4.0
- Market Access4.0
- Online Platform4.0
- Customer Service4.0
- Research & Analysis4.0
Pros
- Backed by IG
- Spread betting in the UK
Cons
- Limited market range
See full expert review
Our verdict
IG’s MT4 package gives instant access to 18 free add-ons and indicators. Trade in sizes as small as 0.01 lots as a CFD or spread bet and get minimum spreads from just 0.6 pips on a host of forex pairs.
70% of retail investor accounts lose money when trading CFDs and spread bets with this provider.
Does IG work with MT4?
Yes, you can use MT4 with IG, but you are limited to only a few markets. If you are going to use MT4 as your main trading platform specialist MT4 brokers like Pepperstone give you access to more markets. However, one of the key advantages to trading on MT4 with IG is their experienced development team for helping implement strategies and how well-capitalised IG are as a business.
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
OK
OK
poor currency exchange rates
poor currency exchange rates
Professional
Professional
A bit clunky in places....
A bit clunky in places. Phone app and computer web page do not share watchlists
No comment
No comment
Good value for money and...
Good value for money and app is easy to use
OK
OK
Easy to use
Easy to use
Works well for the limited...
Works well for the limited spreadbets that I do
Easy to use excellent quality...
Easy to use excellent quality trading platform.
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.
Easy to use and navigate
Easy to use and navigate
need to be bit user...
need to be bit user frindly
Slick website design and app
Slick website design and app
Responsive platform has everything
Responsive platform has everything
Very good
Very good
Easy navigation
Easy navigation
All round ok
All round ok
Takes a bit of getting...
Takes a bit of getting used to
Good
Good
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.
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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.
