21/2/ · I like the trading experience at IG Markets US for pure Forex traders. With 87 currency pairs, it offers a broad choice with plenty of trading opportunities. Trading costs News and analysis are provided on the website and IG trading platforms. Free trading signals are available. IG has a community or forum where traders can learn and exchange ideas. A 21/2/ · I like the trading experience at IG Markets US for pure Forex traders. With 87 currency pairs, it offers a broad choice with plenty of trading opportunities. Trading costs News and analysis are provided on the website and IG trading platforms. Free trading signals are available. IG has a community or forum where traders can learn and exchange ideas. A ... read more
IG boasts of over , clients who are given access to trade over 17, financial markets. If you wish to trade with IG, the first step is to create a live trading account. Enter your name, email, choose a user name and password. Next, choose the country of residence, account type, employment status, net worth, source of funds, trading frequency, etc. After that, you are required to verify your identity and nationality. Then, wait for account approval after which you can make a deposit, choose a trading platform and trading can start.
The minimum deposit is about £ or its equivalence in other currencies. The fees charged on deposits and withdrawals mostly depend on the country and currency. Wire transfers: This is accepted in multiple currencies. Paypal: This e-wallet is accepted in the UK and some other countries. It is free and can be used for both deposits and withdrawals. The country of residence determines the account currency and account types available to a client. Accounts can be opened in USD, EUR, SGD, HKD, AUD, and GBP.
This is the major account used to trade contracts for differences CFDs on major asset classes like forex, indices, stocks, cryptocurrencies, commodities, ETFs, etc. This account is for clients who wish to buy and own shares of different companies from the stock market. This account is available to experienced traders who have a huge portfolio of assets.
It is only available to European clients. Professional traders. This account is perfect for practicing spread betting and CFDs on trading platforms. Once you create a demo account, you can add virtual money to it at will. But, it comes preloaded with £10, each for the spread bet and CFD demo accounts. During account opening, you can choose all account types or any of the account types that you need.
The minimum spread for the EURUSD is 0. For indices, FTSE is 1 pip, spot gold is 0. The guaranteed stop is charged at 0. If you trade in a currency that is not your account currency, IG automatically converts your profits or losses to your account currency at the prevailing rates but adds a commission of 0. IG has a number of platforms that are compatible with multiple devices.
Below are the platforms available:. IG packaged its MT4 desktop application with 18 free add-on apps that have expanded the platform features. Below are some of the features of the MT This is a web-based charting package that is integrated into the IG trading platform which expands its capabilities. It is free for the first month after which you pay £30 monthly or trade at least 4 times in a month to use it at no cost. IG has proprietary trading apps specifically designed for android and iOS devices.
The apps support analysis and trading on the go. You can easily access thousands of instruments, view and analyze charts, open and close trade positions while on the move. The apps can be downloaded from the respective android and Apple stores. Here are some of its features:. IG in-house experts frequently organize live webinars on the website.
To join a live session; check the schedule, find a live webinar of choice, and register to attend it at the right time. This academy is well structured and arranged. There are 8 courses grouped into beginner, intermediate and advanced levels. Only registered clients can gain access to the academy.
Each course is made up of lessons with each of their estimated running times. You can leave and continue a lesson at a later time. The lessons are presented with illustrations, videos, written explanations, lesson summary, questions, and answers.
It is made up of 10 lessons with a total running time of 85 minutes. A quiz of 10 questions is also part of the course. The IG glossary is easy to access as it is presented alphabetically on a single page.
It contains the definitions of over terminologies that are associated with financial markets and trading. This section has a lot of articles on the news in various markets such as forex, stocks, indices, cryptocurrencies, and commodities.
Also, there are articles on risk management, technical analysis, volatility, fundamental analysis, and other information that a trader will find useful. For cryptos, the underlying market is open on weekends but for the selected indices and forex instruments, weekend markets run separately from the normal weekday markets. So, all open weekday positions are not affected by the weekend positions. IG Markets US Main Features Retail Loss Rate Undisclosed Regulation Yes Minimum Raw Spreads Not applicable Minimum Standard Spreads 0.
I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. IG Markets presents clients with one regulated entity for US traders, which is also the only necessary regulation for Forex brokers operating out of the United States. IG Markets US officially launched in , and the Commodity Futures Trading Commission CFTC regulates this broker.
It is also a member of the National Futures Association NFA , created by the CFTC. IG Markets US follows the industry standard for US regulations but has faced criticism in In January , a spike in market volatility caused outages at IG Markers US, and traders could not manage their positions, leading to avoidable trading losses.
Reports from two sources indicated that IG Markets US failed to provide customer support and did not answer phone calls.
At the same time, it was quick to react to commentary to protect its image and deny accusations made by clients. Since IG Markets US is a Forex broker, it does not offer traders Securities Investor Protection Corporation SIPC protection, which does not cover currencies. However, since IG Markets US is part of IG Group, publicly listed in the UK on the London Stock Exchange LSE , and a member of the FTSE index, I do not consider this an issue.
Traders can confidently trade with IG Markets US and trust this broker with deposits and portfolios. The minimum mark-up of 0. While the minimum spread is 0. For a US-based broker, this ranks at the top. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
Usually, MT4 traders can easily access swap rates from their platform by following these steps, but IG Markets does not provide this information: 1. Right-click on the desired symbol in the Market Watch window and select Specification. Scroll down until you see Swap Long and Swap Short.
While IG Markets US provides two examples of trading costs and how swap rates apply, I dislike the lack of complete transparency. The document available on the IG Markets US websites shows a 0. IG Markets US also charges a £12 monthly inactivity fee after twelve months of dormancy. It is more of a nuisance than a cost most traders will face.
What Can I Trade on IG Markets IG Markets US is a pure Forex broker, providing traders with 87 currency pairs, an excellent choice, but no other assets. I like the selection for Forex traders, but cross-asset portfolio diversification is impossible at IG Markets US. Asset List and Leverage Overview.
Currency Pairs 87 Cryptocurrency Pairs 0 Commodities Metals: Indices Stocks Index CFDs 0 Stock CFDs 0 CFDs Oil Gold Bonds 0 ETFs Maximum Retail Leverage IG Markets US Leverage The maximum leverage available at IG Markets US is , but it only applies to a few currency pairs, with and the most frequent ones.
This is not as generous as leverage offered in other jurisdictions, but is standard in the US to protect traders from extreme losses.
IG Markets US Trading Hours Asset Class From To Forex Monday Friday I recommend the following step for MT4 traders to access trading hours: 1. Scroll down until you see Sessions. IG Markets Account Types Since IG Markets US only offers Forex trading, it maintains the same account type for all clients. I appreciate a broker that does not upsell better trading conditions for more substantial deposits.
I like the unlimited duration but prefer a flexible account balance, allowing traders to select one similar to their initial deposit. Demo trading lacks real-life trading experiences, and an excessive amount makes it that much more unrealistic.
IG Markets Trading Platforms Besides the competitive proprietary web-based trading platform at IG Markets US, traders can use ProRealTime, one of the best trading platforms available for committed traders. IG Markets US also maintains MT4 and upgrades it with 18 add-ons plus Autochartist.
I like that IG Markets US supports algorithmic trading via MT4 and ProRealTime. MT4 also comes with an integrated copy trading service. I want to note that traders must place a minimum of four trades per month for free access to ProRealTime.
Research and Education Traders get a quality selection of in-house research and trading ideas on the IG Markets US blog. I think it makes a thought-provoking read and grants a different market perspective. IG Markets US also provides trading signals generated by Autochartist and PIA-First, embedded in the proprietary trading platform. One of the best features at IG Markets US is the IG Academy, which I rank among the best industry wide. The step-by-step courses feature video content, videos, and quizzes, and I highly recommend beginner traders to take full advantage of the IG Academy.
Webinars, seminars, and other educational material complement the superb educational offering at IG Markets US. IG Markets US only lists two phone numbers at the bottom of most web pages, one for new clients and one for existing ones. An e-mail address is available only for marketing partnerships. IG Markets US does not provide operating hours and relies on its FAQ section for the bulk of support.
Bonuses and Promotions Active traders can reduce spreads via a three-tier volume-based rebate program. While I appreciate the program, as any reduction in trading costs makes a notable difference, the compensation ranks towards the bottom compared to other brokers. Terms and conditions apply, and I recommend traders read them before participating. Opening an Account The online application at IG Markets US remains swift, but I dislike two sections that collect unnecessary information.
While regulators often require them, traders may fill them out at will without verification. New traders must submit a copy of their ID. It is higher than most brokers but within a reasonable demand.
Payment Methods IG Markets US offers bank wires, automated clearing house ACH , and debit cards, a limited selection typical for US-based brokers. I find the choices unacceptable and prefer third-party payment processors.
They remain superior and allow traders to keep trading activities and day-to-day transactions separate. Accepted Countries IG Markets US only accepts traders from the US except from the state of Ohio.
There is no explanation provided for this exclusion. IG Markets Deposits and Withdrawals The back office, also known as My IG, handles all financial transactions. IG Markets US does not levy internal fees but passes on third-party processor costs. The process itself remains straightforward, but I cannot ignore the absence of choices, which is frustrating, but not uncommon for US-based brokers. Traders can only withdraw the amount they deposited via debit card. The rest must go via bank wire, the most expensive method to transact today.
It is typical for US brokers, who lack the options their international counterparts provide. Bottom Line I like the trading experience at IG Markets US for pure Forex traders. With 87 currency pairs, it offers a broad choice with plenty of trading opportunities. com, Oanda, and TD Ameritrade.
IG is a comprehensive forex broker that offers full access to the currency market and support for over 80 currency pairs. The broker only offers forex trading to its U. Though IG could work on its customer service and fees, the broker is an asset to new forex traders and those who prefer a more streamlined interface. Why use IG over competing forex brokers?
It offers:. As a forex brokerage firm, IG charges commissions a little differently than brokers that focus on stock and ETF trading. Instead of charging a flat-rate commission, IG follows the spread pricing model like most other brokers focused on forex. The bid price is the highest price that a buyer is currently willing to pay for the currency listed.
The ask price is the lowest price that a seller is willing to sell a unit of his or her currency for. IG institutes a minimum spread for all its transactions, but its spreads are, on average, on par with competitors.
The difference between the bid and ask price is called the spread. The spread goes to your broker in exchange for executing your trades. IG also offers margin trading for forex accounts. Margin availability is high, like with most forex brokers. Instead of requiring a set dollar amount in your account to access margin trading, IG requires traders to maintain at least a certain percentage of their margin power in their account.
Percentage margin requirements vary depending on base currency and traded currency, with the highest margin requirements on currencies that frequently fluctuate in value. However, IG loses points for its high hidden fees. What happens if you forget to fill out a valid W-9 form?
Creating an account with IG is fast and simple, even for those who have never opened a brokerage account before. Most users will be able to open an account in a few minutes, and the process is simple enough that you can complete it on a phone or tablet. Bid and ask prices are clearly laid out side-by-side for faster comparisons. You can open, close and edit your positions with just a few clicks and you can even set automatic stop-loss and profit-taking orders to further streamline your trading.
If you trade more than 1 currency pair, you can also create multiple workspaces and flip through tabs with just a few clicks.
The platform currently supports a variety of order types, ranging from market orders to trailing stop orders. You can enable price alert notifications from your desktop as well. IG earns top marks for usability. IG provides account holders with a few different educational resources to learn more about trading forex.
Fees are straightforward and clear. IG continues its commitment to simple and streamlined design with a comprehensive mobile offering.
Easy to use and quick to master, the mobile platform mirrors desktop compatibilities. The IG app is available as a free download for both Apple and Android users. What IG lacks in offerings, it more than makes up for with its easy-to-use and welcoming platform.
So, should you open an account with IG? A stop-loss will automatically close out of trading if you reach a predetermined amount of losses. Forex traders rely on charts in order to make calculated guesses about how a currency value will change by observing historical fluctuation patterns. Most charts have personalized setting options so you can view a variety of technical indicators to analyze price movements. The 3 most common forex charts are bar charts , line charts and candlestick charts.
The advantages of IG include an easy-to-use platform, access to 80 currency pairs and low margin rates. No need for long speeches, Mrs Harley James trading platform is simply a life saver, and I will keep trading with her cause she has cleared all my doubts about forex market. U can try it out and see for yourself, just contact her E-mail: harleyjames gm. To whom it may concern This is my experience with the fake binary options broker, I traded with fx binary options.
AM GLAD ABOUT THE SUCCESS STORY I GAINNED FROM FINANCE CHARGE BACK,A bunch of scammers. Stay away. They got my funds and were playing games for days. Until, I got some people involved Finance charge back via google. Customer service non existent. com , registered with the Commodity Futures Trading Commission CFTC , lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade.
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News and analysis are provided on the website and IG trading platforms. Free trading signals are available. IG has a community or forum where traders can learn and exchange ideas. A 21/2/ · I like the trading experience at IG Markets US for pure Forex traders. With 87 currency pairs, it offers a broad choice with plenty of trading opportunities. Trading costs News and analysis are provided on the website and IG trading platforms. Free trading signals are available. IG has a community or forum where traders can learn and exchange ideas. A 21/2/ · I like the trading experience at IG Markets US for pure Forex traders. With 87 currency pairs, it offers a broad choice with plenty of trading opportunities. Trading costs ... read more
Our 1 Top rated Forex Trading Platform. Largest Decrease. At IG, most educational material is broken down into 3 levels: Beginner, Intermediate and Advanced. IG offers an excellent fit for both small traders and market professionals, with competitive spreads, thousands of trading instruments, and a state-of-the-art news, research, and educational portal. Friday and 8 a.Why use IG over competing forex brokers? With a product catalog of around 70 key stocks, IG provides spot forex trading in major, minor, exotic, and emerging forex pairs through its division called IG US. For beginners. Global Economics. A faster, clearer and smarter way to trade. He heads research for all U, ig forex trading reviews.