You can now take part in IPOs with IG

IG, who have recently moved into the investment space with the launch of their share dealing and ISA accounts have now made it possible to buy into IPOs.

This puts them in direct competition with established stock brokers like Barclays, TD Direct, Interactive Investors and Hargreaves Lansdown (compare stock brokers here)

Although it does put IG in a rather odd position as they provide the white label for HL Markets the spread betting and CFD brand for Hargreaves Lansdown.

Current IPOs available to IG clients are Global Ports Holding and PRS REIT and as with most brokers IG don’t charge a commission for taking part.

Brokers are usually paid a percentage of the money they raise by the corporate finance house on behalf of the listing company.

IG clients taking part in IPOs can split allocations between their share dealing account and ISA accounts.

For more information on IG IPO’s see here

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Richard started the Good Broker Guide in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.