IG Reviews Read Customer Service Reviews of ig com

The fifth step seeks to know a bit more about your experience trading in the financial markets, along with your knowledge about risky assets. The DMA account offers direct market access trading using lot sizes, where traders’ orders are passed directly to the liquidity pool. Of course, the immediate benefits of such an account are the reduced spreads, raw market quotes, and no conflict of interest. However, on the downside, IG Forex broker charges a commission for trading, which is charged above and beyond the spreads prevalent in the market. Such an arrangement ensures that slippages are kept low, spreads remain stable, and orders are filled at the quoted price. Nevertheless, if you are worried about the CFD trading conditions, the broker also offers a DMA account, or Direct Market Access account.

You’ll have access to price alerts, watchlists and technical charting, though they are not customizable. It’s well laid out and a convenient option when you just want to stay on top of things, or develop your trading skills (which we’ll get to in a bit), but it does lack complex conditional orders. The sheer amount of tradable assets offered by IG really is worth highlighting. While IG is available globally; regulations, protections, services, and products offered vary from country to country. On the downside, the company does charge a high stock CFD fee and a steep monthly fee after two years of inactivity, but all fees are clear and transparent.

IG Guide – Read our In Depth 2023 IG Review

What IG lacks in offerings, it more than makes up for with its easy-to-use and welcoming platform. As an online broker, IG goes above and beyond to offer a rich experience with many options for investing in financial markets. IG also offers a stunning number of tradeable CFDs; IG’s nearly 20,000 tradeable CFDs put it at the top of our list for brokers that offer CFDs. If you’d like to learn more about CFDs, check out our full-length CFD guide.

IG’s commitment to providing clients with timely and informative research is noteworthy. There is something for both those that like to read and those that prefer to listen or watch. The one criticism is that the links on the U.S. site direct to the U.K. Site which provides information that is not accurate for the U.S. client, such as advertising “guaranteed stop losses.” A stop-loss will automatically close out of trading if you reach a predetermined amount of losses. You can also put a stop-limit on a single currency you’re holding to tell your trader to sell if the currency ever reaches below a predetermined price.

Swap free option on IG

IG offers its customers a huge number of trading pairs, non-standard types of commodity assets, many stock indices and more. You can practice trading risk free by using your IG Academy login to access a demo account, and trade on live markets with $10,000 of virtual funds. Practice accounts can provide a convenient way to try the different platforms available and test your trading strategies.

• It should be noticed that leverage products can result in losses that exceed your initial deposit.
• However, the most impressive fact is the company’s US licences are issued by the NFA since it is registered with CFTC under the NADEX brand name.
• The table below outlines all the regulatory bodies that supervise IG trading activities.
• It is also impossible to use cryptocurrencies as a base currency.

IG provides excellent customer support via phone, email and live chat. They also run responsive social media accounts, allowing new and existing customers to easily reach out to them in a variety of ways. To try to set a firm foundation they offer every new customer a personalised walk through the trading platform https://forex-reviews.org/just2trade/ and going forward provide support in several languages. Standard market practice appears to be for brokers to align most of their educational courses towards beginners. IG follow the crowd here and there is not too much in the way of educational tools designed to benefit more advanced and experienced traders.

What is IG Canada?

IG also offers access to precious metals, including gold and silver, and soft commodities, including soybeans, coffee, and live cattle. Compared to other brokers, IG offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

Each course is delivered via a framework of modules with a quiz at the end to test your knowledge. The modules are usually under ten minutes and feature a range of resources including text, video and charts. The later courses provide more challenging material, dealing with strategy and understanding risk. As our IG Broker review has already noted, the platform is primarily focused on the forex market and does not offer a full brokerage service per se.

Progressive Web App

We learned that IG provides help through Live chats, and social media, as well as it is available on the Phone 24/5 and supports clients with reliable and quality answers. Trading automation is not available on the IG proprietary platform. However, if you use trading robots, you can use MetaTrader 4, which offers extensive opportunities for trading automation. The number of deposit and withdrawal methods available on IG is average.

These long-term trading strategies include overnight financing fees in the spread. That makes it easier to determine your break-even point on your trades. IG’s share dealing service allows you to invest in major stocks to sell them at a profit at a later date. In addition, you own the underlying asset when you invest in shares without leverage, which means you will earn dividend payments and stakeholder rights as well as earn profits. 71% of retail investor accounts lose money when trading CFDs with this provider.