IG Reviews – Platforms, Performance, Reliability, …
IG offers an excellent fit for both small traders and market professionals
As we have done on previous occasions with other online brokers, in this article we will analyze the Reviews about the IG Markets broker . We have collected both positive and negative Reviews in various media such as investment forums, blogs and specialized websites, … and we have joined them to our own experience working with this broker.
If you want to know the characteristics of IG Markets you can see this article: Analysis of IG Markets . In summary, IG Markets is one of the most recognized online brokers and the world leader in the CFD market . It allows trading in more than 12,000 different financial instruments such as indices, stocks, Forex market currencies, raw materials, futures, bonds, options, … It is a broker with a long history of more than 40 years , its main headquarters is in London , is regulated by the United Kingdom’s FCA (Financial Conduct Authority) and has offices in 17 countries, including Spain whose headquarters is in the Paseo de la Castellana in Madrid and from there offers its support to clients in Spanish .
We have classified the Reviews on IG Markets into 3 main groups and this is the result:
Reviews about IG Markets trading platforms
One of IG Markets’ strengths is its wide offer of trading platforms . There are several options suitable for traders of all levels (from beginners to more advanced) but it also has some specific platforms for professional traders, something that does not happen in many of its competitors.
Its main platform is developed in web format so it does not need to be downloaded or installed on your computer. You can access it from any web browser with your username and password. This platform is quite good and the Reviews we have found from users are mostly positive . It has a fairly intuitive and flexible interface . It allows you to move and position the different windows of the work environment as you like, you can save templates and it has a wide assortment of customization options. Although this platform is accessible from any web browser, IG Markets offers maximum compatibility with Google Chrome.
IG Markets also offers MetaTrader 4 , the most widely used trading platform worldwide today. The Reviews about the use of MT4 with this broker are quite positive mainly due to the speed in the execution of the operations , the possibility of using automatic trading systems and being able to be executed from a VPS server offered by the broker that offers the maximum availability and lower latency.
Another positive point of IG Markets is that it offers the ProRealTime platform , especially indicated for technical analysis. It is one of the few brokers that offer it. It has numerous tools to help us make our trading decisions: more than 100 indicators, multiple time frames, a powerful charting system, a customizable interface, trend lines (ProRealTrend), the possibility of using automated trading systems (ProOrder), …
In addition to the above, IG offers the L2 platform aimed at professional traders seeking direct market access (DMA) with the utmost depth and liquidity from the world’s leading providers. Access to L2 is free but depending on the market you may have to pay a data provision fee in real time. IG Markets reimburses this fee to the most active traders, it is still a complex platform and it is not recommended for beginners or without a wide experience level.
Finally, you can also access a version of the IG trading platform designed specifically for mobile devices : iPhone, iPad, smartphones and tablets with Android system, Windows Phone,… IG Markets was one of the first brokers to bet on this type of mobile platforms and was the first to offer an online trading app for iPhone in 2008.
Reviews about the IG Markets service
We have found positive Reviews about the large number of financial instruments in which you can trade with IG Markets. They are more than 12,000 different as Indices (Spain 35, FTSE 100, US 500, Germany 30, Japan 225, USA Tech 100, EU Stocks 50, France 40, Italy 40, Holland 25, Portugal 20, Australia 200, …), Shares (more than 8,000 shares from Spain, France, Germany, Holland, Portugal, United Kingdom, USA, Switzerland, Australia, Japan, …), Forex (more than 90 major, minor and exotic currency pairs), Raw materials, Metals, Energies, Futures, Bitcoin, ETPs, Bonds, Interest rates, …
On the spreads we have found Reviews of all kinds , most Reviews indicate that it is not the cheapest broker but still the spreads are quite tight (for example from 0.80 pips in the EURUSD and AUDUSD pair). Some users contribute as a negative opinion that there are certain moments , generally coinciding with important economic news , that the spread increases significantly . This is quite common in most brokers as there are moments of high volatility in the markets, but several users point out that in IG Markets the spread remains high for longer. after these moments of high volatility.
As an advantage of IG Markets compared to other brokers, there are quite positive Reviews about the training tools in Spanish that they offer to their clients. It is one of the most complete brokers in this regard, offering online seminars, face-to-face seminars, trading guides, manuals, an exclusive video channel called IG TV with abundant material on technical analysis and investment instruments, …
Regarding the deposits and withdrawals of funds we have not found negative Reviews about delays or incidents. As an improvement point we find that it only offers the possibility of depositing or withdrawing by credit or debit card or by bank transfer. We miss some electronic payment method such as Paypal, Skrill, Neteller, …
A positive aspect is the possibility of opening a free demo account to familiarize yourself with the trading platforms, see the IG Markets trading conditions and test with a virtual balance without putting our money at risk.
Finally, Reviews about customer service are mostly positive . They serve you in Spanish during a fairly long time (Monday to Friday from 9:00 a.m. to 8:00 p.m.) via telephone (number 91 in Madrid), by email, on the Facebook discussion forum, via twitter at @IGResponde_ES and also through online chat.
Reviews on the reliability of IG Markets
IG Markets is regarded as a reliable broker and enjoys a fairly good reputation . It has one of the widest trajectories in the sector . It started its activity in the United Kingdom in 1974 under the name of IG Index, it offered at that time investments in gold, in fact IG are the initials of “Investment Gold”. With the passage of time, it expanded its services to today’s star product , CFDs (contracts for difference) . It began to market them in the United Kingdom in 2000 and since 2007 in the rest of Europe after the regulation of the MiFID directive.
Currently IG Markets (IG Markets Ltd) belongs to the group IG Group Holdings and its headquarters are in London . The company is listed on the FTSE 250 and has a market capitalization of over £ 2.9 trillion. It has offices spread across 17 countries around the world: Madrid, Milan, Paris, Geneva, Amsterdam, Stockholm, Oslo, Dusseldorf, Chicago, Toki, Dubai, Singapore, … The Madrid office is located at Paseo Castellana 13, 1- D and has about 40 employees.
Is IG market regulated?
Regarding broker regulation, IG Markets is authorized and regulated by the British FCA (Financial Conduct Authority) with license number 195355. Here in Spain it is registered with the CNMV (National Securities Market Commission) with number 37, being one of the first companies to register with this body.
The views on this regulation are good because the FCA is one of the most stringent agencies for the protection of investors that currently exists. In addition, the funds of IG clients are stored in bank accounts of first level entities and separated entirely from the company accounts so they cannot be affected or seized by any creditor. Additionally IG belongs to the UK Financial Services Compensation Scheme (FSCS) which guarantees up to a maximum of £ 50,000 per investor.
The Reviews on broker IG Markets are mostly positive and consistent with our own experience working with this broker. As main strengths we have the wide offer of trading platforms , the number of financial instruments available to invest, the good customer service available in Spanish from its office in Madrid and the reliability provided by both the long history of more than 40 years of experience such as FCA regulation from the United Kingdom (one of the most rigorous in the sector compared to other brokers that opt for softer regulations such as those of the CySEC in Cyprus, …).
As a weak point we can point out that IG Markets, due to its trading conditions, does not seem to us to be a particularly recommended broker for beginning traders . It is mainly focused on traders with certain experience or professionals .
I hope this article helps you. You can freely share it on Facebook, Twitter, Google Plus, … And if you have worked with IG Markets and want to send us your own opinion, you can do so at the bottom of this page from the comments section. Thank you.
Real Experience: Withdrawing Money at IG Markets Broker