IG is betting big on options at the moment, particularly after their acquisition of TastyTrade in the US. IG has even taken over the advertising spots on The Drain (the Waterloo & City Tube Line) that ushers finance types to a square mile every morning, with the hope, I assume of enticing sophisticated traders to take a position on the US election.
Can you trade options on IG?
Yes, you can trade options with IG as a CFD or spread bet. IG has one of the widest ranges of index, forex, and commodities options and if you want to trade options on stocks, you can, although you have to do it over the phone in the UK, you’ll be able to do it online soon, they say.
It’ll interesting to see if the UK starts to trade options more, although I don’t think they will. Options trading is very popular in America, but as we have spread betting and CFDs over here, there is already the capability to place leveraged bets on stocks and indices. UK traders have never really traded options becuase they are seen as quite complicated. But only time will tell…
If you have a professional accountwith, you can still trade binary options with IG, which are now called Digital 100s.
I’m actually a big fan of binary options as they give you the ability to take a short-term limited risk bet on how the market is going to move. Unfortunately, as with bonuses they were abused by off-shore hoodlums and banned for retail traders.
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.
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.
How can you trade options with IG?
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.
- Options markets available:Â 50+
- Options costs:Â OTCÂ (built into the spread)
- Minimum deposit: £250
- Account types:Â CFDs, spread betting, DMA, investing
- Expert opinion: IG reviewed & rated
Compare IG to other options trading platforms below:
| Options Trading Platform | Options Available | DMA or OTC | Minimum Deposit | GMG Rating | More Info | Risk Warning |
|---|---|---|---|---|---|---|
 | 40+ | OTC | £100 | See Platform | 69% of retail investor accounts lose money when trading CFDs with this provider | |
 | 10,000 | DMA | £1 | See Platform | 62.5% of retail investor accounts lose money when trading CFDs with this provider | |
 | 5+ | OTC | £1 | See Platform | 64% of retail investor accounts lose money when trading CFDs with this provider | |
 | 100+ | CFD | £100 | See Platform | 80% of retail investor accounts lose money when trading CFDs with this provider. | |
 | 50+ | OTC | £250 | See Platform | 70% of retail investor accounts lose money when trading CFDs and spread bets with this provider. | |
 | 1,200 | DMA | £1 | See Platform | 65% of retail investor accounts lose money when trading CFDs with this provider | |
 | 40+ | OTC | £1 | See Platform | 69% of retail investor accounts lose money when trading CFDs with this provider. | |
 | 6 | OTC | £1 | See Platform | 69% of retail investor accounts lose money when trading CFDs with this provider |
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