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
Very good platform. No means...
Very good platform. No means of comparison with others.
Expensive does not put customer...
Expensive does not put customer first
Decent value
Decent value
Good
Good
Good platform, easy to use
Good platform, easy to use
Very intuitive platform - easy...
Very intuitive platform - easy to use
Not good customer service
Not good customer service
excellent
excellent
good
good
No comment
No comment
Easy to use and good...
Easy to use and good coverage of stocks / indicies / currencies to trade
Comprehensive and easy to use
Comprehensive and easy to use
great choice of markets, easy...
great choice of markets, easy to use but quite expensive
Ok
Ok
Excellent
Excellent
Good all round
Good all round
Inconsistent and not particularly helpful
Inconsistent and not particularly helpful
Very good multi-account trading -...
Very good multi-account trading - Shares, ISA and Spread
No View
No View
Excellent educational material and tools...
Excellent educational material and tools available.
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.
