Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.
- Good Money Guide experts highlight IG UAE Forex Trading as a strong choice for forex trading in the UAE, noting its regulation by the DFSA and a local office in Dubai. The platform is praised for its deep liquidity and extensive market range, although some concerns were raised about slow customer service and the absence of DMA futures trading. Overall, it received a solid rating of 4.0/5 across various criteria including pricing and market access.
- Across 746 user reviews on Good Money Guide, averaging 4/5, customers frequently commend IG for its user-friendly platform, reliable service, and extensive range of trading products. Many users appreciate the seamless integration of crypto trading with other investments, while some express concerns about occasional technical issues affecting trade execution. Overall, the platform is viewed as trustworthy and efficient, with competitive fees and strong educational resources.
IG UAE Forex Trading 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 UAE Forex Trading across five key areas of our review framework.
- Pricing4.0
- Market Access4.0
- Online Platform4.0
- Customer Service4.0
- Research & Analysis4.0
Pros
- Wide market range
- Excellent liquidity & DMA equities
- Listed on the London Stock Exchange
Cons
- Customer service can be slow
- No DMA futures trading
See full expert review
Our verdict
IG is one of the largest global forex brokers operating in the UAE with a vast selection of markets to trade with great liquidity.
Can you trade forex with IG in the UAE?
Yes, you can trade forex in the UAE with IG as they are regulated by the DFSA and have a local office in Dubai.
IG is a good choice as IG stands out through deep liquidity, high market range and excellent added value such as trading tools and analysis.
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
1/5
Pros:
brand
Cons:
fee
5/5
Pros:
Range of securities
Cons:
Can't think of anything
2/5
Pros:
None
Cons:
Fees
3/5
3/5
5/5
Pros:
Great execution
Cons:
Lower FX fees
3/5
5/5
Pros:
Charts
Cons:
Nothing
4/5
Pros:
Wide range of financial instruments, useful mobile app
Cons:
Reduce bid/offer spreads
4/5
Pros:
Broad tange
Cons:
None
2/5
5/5
Pros:
Easy to understand charts
Cons:
Showing company financial reports/information in application
4/5
Pros:
Accurate pricing
Cons:
Spreads
3/5
Pros:
Brand and events
Cons:
Mobile app
chris barker @ 08/21/2021 11:01
I've treated with IG UK for some years now and have found the level of service excellent and the site easy to navigate. Some of the criticism on here seems to come novice traders and is unwarranted. a) You've always had to pay a commission on buying a stock and then again selling it, they are two separate transactions and that it whichever firm you use, especially traditional stockbrokers. b) Spread widen in volatile trading, because they always do all over, regardless of firm and it's the underlying market that does that; not the CFD provider. c) during the pandemic (depending on where you live), all service standards for pretty much all organisations has suffered. Anyone moaning about this may themselves have been forced to work from home and people say the same things their own organisation! Just be realistic that's all, market conditions change rapidly and at times can be untradeable, even for the institutions.
Florin @ 02/09/2021 08:37
I had a share dealing account with them since April 2020 together with demmo accounts. I have attempted for 1 week now to open a live spread betting account but is absolutley impossible. First of all the option was not given on the platform to add a spread betting account, I contacted the webchat service, I have been advised to close the share dealing account and try to re-apply. After they closed my share dealing account, I tried to re-apply but they would not let me do so (as the system recognises my name, address etc) and it sends me to log in into an account which is suspended now !!!! I e-mailed them, but just going in circle not being given an explanation why I cannot open a Spread Account or any support to fix the issue. I also tried to call them but after 2 hours being on hold I just gave up. Absolutely shocking customer service. I will be definetly looking to go somewhere else as the level of customer service is very poor !!!
Emis @ 06/12/2020 09:14
They charge their commission two times on the same trade! You buy lets say 1 stock worth 1000$ they charge 15$, you sell it- again 15$. Are you crazy? I have not checked so lost some money until noticed.
4/5
Pros:
Easy to use app
Cons:
Provide more awareness on education tools
4/5
Pros:
research
Cons:
Continue to invest more in technical aspects i.e. app/website etc
4/5
Pros:
Futures trading
Cons:
Better UI
- 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.
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.
