Yes, you can trade options online on IG, but you are limited to the most popular forex pairs indices, commodities and shares. If you want a wider range of options, particularly on shares, a full-service futures and options broker like Saxo Markets or Interactive Brokers will give you better access.
But, one of the key advantages of IG, is that you can trade options as a spread bet and not pay capital gains tax on your profits. IG are one of the best brokers to offer this exclusively to UK customers.
IG Options Trading Review
Name: IG Options Trading
Description: IG offers options trading via financial spread betting or CFDs as daily, weekly, monthly and quarterly markets. If you have a professional account, you can trade short-term limited-risk options as well, with time-frames as low as 1 minute.
70% of retail investor accounts lose money when trading CFDs and spread bets with this provider.
Summary
- Options markets available: 50+
- Options costs: OTC (built into the spread)
- Minimum deposit: £250
- Account types: CFDs, spread betting, DMA, investing
Pros
- Options spread betting
- Wide range of other markets
- Publically listed company
Cons
- Limited equity options online
- No DMA options trading
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Pricing
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Market Access
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Online Platform
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Customer Service
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Research & Analysis
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Overall
4- Expert opinion: IG reviewed & rated
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.
