Good Money Guide Review
Product Name: IG Trading Platform
Product Description: IG remains at the forefront of the online trading industry and has one of the best online trading platforms for new and experienced traders. I really like trading on IG’s platform and have done so for over 20 years now. As an experienced trader I find it very intuitive, but for new traders, it offers a simple layout with lots of news, research, and technical analysis indicators. For experienced traders, it offers deep liquidity, the largest market range, and DMA execution through L2 dealer.
69% of retail investor accounts lose money when trading CFDs and spread bets with this provider.
Is IG's trading platform any good?
Yes, IG’s main web-based trading platform is used by CFD and Spread Betting clients, although clients can also download MT4, ProRealtime and L2 Dealer. The platform is developed in-house and is suitable for most traders where you can access 17,000 markets to trade as a CFD or financial spread bet. The trading platform also provides access to none leveraged trading accounts for physical shares dealing and ETF investing with SIPP and ISA options.
There are a few limitations to the main platform though, for example, there is no facility for automated trading strategies. However, IG offers two alternative platforms (MT4 & 5) for those clients who use Algos and trading bots. However, for most users, IG’s in-house platform will be more than sufficient for their needs.
Some stand-out features of the trading platform are how Autochartist and PIA trading signals are copied straight to order tickets and their ability to constantly innovate features such as adding logarithmic charting and creating news and research around what traders are looking at on the platform.
Compared to other online trading platforms IG’s pricing is always competitive, they are by no means the cheapest broker, but they are not expensive. IG tends to win business based on market range, service, and liquidity and keeps spreads to the lower end of the industry standard. Whilst pricing is an important factor when choosing a trading platform, with IG, you get what you pay for and that is a fairly priced excellent all-round service.
Overall IG has one of the most comprehensive trading platforms around. And after 46 years of offering margin products to retail customers, IG knows what works and what customers expect from their broker, namely reliable pricing, technology and customer service.
Pros
- Excellent market range
- Deep liquidity
- DMA & level-2 pricing
Cons
- Some pricing is not competitive
- Very big so customer service can be a little slow
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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
Overall
5Richard 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