What makes IG’s trading platform one of the best is that has stood the test of time and in the 20 years I’ve been using it I’ve seen it evolve from just a messaging board to a fully interactive macro information and execution portal. What makes IG’s trading platform so good is its range of markets, liquidity and research.
IG Trading Platform Review
Name: IG Trading Platform
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.
70% of retail investor accounts lose money when trading CFDs and spread bets with this provider.
- Markets available: 17,000
- Minimum deposit: £250
- Account types: CFDs, spread betting, DMA, investing
- Equity overnight financing: 2.5% +/- SONIA
- Pricing: Shares 0.1%, FTSE 1, GBPUSD 0.6
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.
- Excellent market range
- Deep liquidity
- DMA & level-2 pricing
- Some pricing is not competitive
- Very big so customer service can be a little slow
Research & Analysis
- Expert opinion: IG reviewed & rated