CFD/FX Options Brokers 

IG Broker Trading Platforms Review

About IG is the self-proclaimed “world’s #1 spread betting and CFD provider” and that may indeed well be true. These guys have been around for so long, one will find it hard to believe at first glance. The parent-company, from which IG has sprung forth, was founded way back in 1974, as a provider of financial instruments aimed at speculating on the price of gold. The online component of the operation has been launched in 1998, and it has since grown into the UK’s top retail Forex and Contracts for Difference provider. IG feature an impressive selection of trading platforms and financial instruments, among them leveraged trading as well as binary options based on the exchange model. Leveraged trading is indeed one of their most-advertised products, but on our end, we only recommend it to experienced traders who do indeed know what they’re doing. The reason is that the risks as well as the potential rewards involved in leveraged trading are increased. The other problem is that the public feedback concerning this side of the operation isn’t exactly stellar. There have been complaints about the leverage, which in some cases is apparently non-existent. Leverage is a bit of an issue with regulators too, who view it as an abusive feature, rather than an opportunity for traders. CFD trading is another issue. In some of the reports posted by the FCA, it’s been made clear that 82% of CFD customers have lost money. Obviously, the focus here should be on binary option trading.


IG are regulated and licensed by the FCA and they maintain offices in 17 countries. They keep their traders’ funds in specially set-up segregated accounts, and they always have enough money on hand to offer their traders proper and legally required bankruptcy protection. IG is also a FTSE 250 member and it is a globally recognized brand in the realm of online financial trading.

IG Trading Platforms

IG offer their traders a wide selection of trading platforms, meant to cover every need and every possible device. They have a browser-based trading platform which requires no downloading, a selection of mobile trading apps, as well as Metatrader4 and advanced trading platforms for those who really know their technical analysis.

The web-based platform allows traders to create and edit watch-lists, to access the FX and equity CFD markets with DMA, to access Reuters news in a streaming format, and to launch various charts directly from the tracked markets. The layout is customizable, and traders have access to one-click dealing, as well as to dealing straight from the charts. A cozy selection of monitoring tools lets traders keep an eye on the action without actually having to stare at the screen all day. Trading alerts can be set, as well as stops and limits. The watch-list feature is fully customizable, and it comes with preloaded watch-lists. The two charting packages available for this platform are the IG charts and the ProRealTime charting packages, which come packed with technical indicators and dedicated features, some of which are paid.


The Reuters newsfeed is integrated into the trading platform and Autochartist keeps an eye on the developing chart patterns, alerting traders whenever opportunities arise.

The Mobile trading apps offered by IG cover every possible device out there, beginning with Android phones, iPhones, iPads and even Windows tablets. The mobile apps are updated regularly, giving traders secure, 256-bit SSL access to exclusive market data and analysis, as well as to pre-login live prices.

The Advanced Platforms section is home to the L2 dealer and to various terminals and APIs, which can be connected to the core IG services. The L2 dealer makes it possible for traders to drag and drop trades into order books. Charts and various news feeds can be linked to the main window too.

It’s obvious that platform-wise, IGs game is extremely strong indeed. Still, there have been some trader complaints in this regard as well, concerning mainly their MT4 platform. Most of these complaints are apparently about the all-too-frequent re-quotes.

IG Services/Trade Types

Spread Betting is at the core of the selection of financial services that IG offer. Forex, commodities, shares and indices are all supported in this regard, and no commissions are charged outside the dealing spreads. Traders have a range of stops at their disposal to manage risk the way they see fit. It is important to understand that spread betting is a leveraged financial product, and therefore it may carry massive risks, coupled with massive potential rewards.

CFD trading provides an additional dimension to trading the up- and downward swings of the market. It too is a leveraged product, and thus it too features massive potential variance.

Share dealing is about the purchasing and selling of shares. IG offer attractive commissions on this product, coupled with a number of other perks, such as the possibility to transfer shares from other providers, and the use of shareholdings as collateral for CFD trading and spread betting.

IG’s Binary product is what we recommend over the above detailed trade types, for obvious reasons. Their Digital 100 binaries let traders tackle market direction, as well as volatility in general, with fixed odds and with all variables of the trading equation known before the actual trade is placed. The Digital 100s cover Up/Down, One Touch, Target, High/Low, Tunnel and Ladder options, giving traders the opportunity to put a wide range of strategies to use. Trading directly from the chart is possible with the Digital 100 binaries too.

The range of markets available for trading through the Digital 100s is truly impressive. Scores of indices, commodities and currency pairs are covered, together with a special category of events, which features elections, politics and various economic indicators, like the US jobless claims and non-farm payrolls.

As in the case of NADEX, the Digital 100 options offered by IG will always settle at 0 or at 100.

Markets-wise, IG are particularly strong. They have made more than 10,000 markets accessible through their various products. Besides the above mentioned tradable asset categories, they also cover bonds, bitcoin, sprints, interest rates, various industry sectors and Sunday trading.

IG Education

IG offer a complete education suite for their traders, including a full analysis section destined to take the pulse of the markets through a variety of tools. The news and analysis section has a team of professionals making heads and tails of the market moves, helping out immensely with fundamental analysis. There’s an economic calendar included here too, as well as a weekly look-ahead segment. The financial outlook for 2017 has already been published and it will be updated continuously as the year progresses.

The actual education section starts out with an introduction to trading in general. This part covers trading basics, pricing, markets and risk management concepts. There’s a special chapter dedicated to explaining how the numerous IG platforms work, and how one can trade through them. Spread betting, CFD trading and share dealing are all covered as well.

The trading strategy section covers technical analysis, various trading strategies, and it takes a look at the advanced platforms detailed above.

A number of webinars are also on offer, delivered on a strict schedule. IGTV features video analysis, delivered by the in-house experts of the operator, twice a day, 5 days a week.

Those looking for interactive education will find the IG Academy app especially useful. The app is available for Android as well as iOS-based devices and it teaches traders everything, from the basics of trading to risk management, leverage and the development of trading plans. The app is suitable to all experience levels and it does in fact help one become a better trader.

The education section is rounded out by a special Introduction Program, which allows traders to use the real money trading features of the site with reduced risk, for up to 6 weeks. This way, one can ease into the flow of trading action, without crashing and burning his/her initial balance.

IG Account Types

Besides the above described reduced-risk introductory account, IG features a regular “Trader” account, aimed at those who are experienced or who trade professionally. There’s also an execution-only stock-broking account offered to those only interested in trading the equity market. A special, premium package has also been created for those who qualify. Exactly who qualifies is something of a mystery though. Only active traders should ever consider applying for this package. At the IG website, such traders are encouraged to contact IG support to find out whether they do indeed qualify or not.

IG Commissions and Spreads

The commissions and spreads charged on the various financial instruments offered by IG vary widely. One can only aim for a rough estimate in this sense, as the actual fees are calculated separately for each operation. Forex spread betting costs start from a minimum of 0.8 pips. The same goes for Forex CFDs. Forex MT4 costs start from 1.2 pips, while the Forex DMA costs average around 1.8 pips, plus the minimum commission (which is usually $10).

IG Support

The experienced IG support crew can be reached 24/5 through live chat. There’s an email address available as well:, and traders can use an intricate contact form to ask for assistance. The phone number through which IG support can be contacted is 0800 409 6789 or 0207 896 0079.


As said above, IG is a viable NADEX alternative for traders who reside outside the US. In the “plus” column, they have a dedicated and experienced support staff, a massive selection of advanced trading tools, an exhaustive education section and quite a bouquet of trading platforms. They cover a massive range of markets and they offer a free demo account too. On the downside: their website is a clutter of poorly organized but plentiful information, and there are trader complaints in regards to several of the services they offer.

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