IG REVIEW

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IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.To get more news about ig pros and cons, you can visit wikifx.com official website.

A trusted multi-asset broker, IG is publicly traded and regulated across the globe. Its fantastic all-around experience has us ranking IG as the best overall broker in 2022.
Is IG safe?
IG is considered low-risk, with an overall Trust Score of 99 out of 99. IG is publicly traded, does operate a regulated bank, and is authorised by seven tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). IG is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA) - New Zealand, and the Commodity Futures Trading Commission (CFTC). Learn more about Trust Score.
Offering of investments
The range of markets available to you may vary depending on which of IG’s regulatory entities holds your account. Residents of the U.K., New Zealand, Japan, and the U.S. must choose their respective local IG entity.
Alongside nearly 20,000 CFDs, IG offers exchange-traded securities (non-CFDs) for residents of the U.K. (see our IG U.K. share dealing review), Germany, and Australia to access international stock exchanges. In addition to forex options, IG offers exchange-traded Turbo warrants as part of Spectrum, its Multilateral Trading Facility (MTF) in Europe, and listed derivatives in the U.S. via tastytrade. IG Bank in Switzerland is also an option for eligible clients.
Commissions and fees

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Trading forex carries a high level of risk. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
IG’s size allows it to provide scalable execution across the board – regardless of the product being traded. While IG can’t be considered a discount broker, it shines for the active trader pricing available through its Forex Direct accounts, and its ability to execute large orders. Spreads on its main account offering are closer to the industry average in 2021, with spreads averaging 0.828 the majority of the time (23 hours a day) during September 2021.

CFD account average spreads: For both mini and standard-size contracts, typical spreads during the main trading session (22 hours each day from 0000 – 2200 GMT) averaged 0.768 pips for the month of September 2021 – which is slightly better than the industry average. It is worth noting that – just like with most forex brokers – IG’s spreads during low-liquid times can be higher than normal, averaging 0.994 pips when including the remaining hours in the trading day (2100 to 0000 GMT) during the same timeframe as the above September 2021 data.

CFD account active trader rebates: For volume traders who qualify as professionals under EU rules, IG offers pricing discounts via its three-tier active-trader rebate program. In tier one, you can earn a 10% spread rebate if you transact over £50 million worth of forex volume per month. Meanwhile, if you trade over £300 million per month, the rebate jumps to as much as 20%. To put this into a different context, 20% off of 0.76 pips is 0.17 pips, which would result in an all-in cost of just 0.60 pips – a very competitive spread.

DMA account (Forex Direct): For the savviest traders seeking more significant discounts than what is offered in the CFD account, the DMA account is an even better option than the active trader rebates on IG's spread-only pricing. This commission-based offering, Forex Direct, is available via the DMA account and provides traders access to the L2 Dealer platform. The DMA account requires just a £1,000 minimum and uses a tiered pricing scale based on the trader's previous month's trading volume.

DMA account average spreads: With average spreads of 0.165 on the EUR/USD for the 12 weeks ending March 19th, 2019, the all-in spread is 1.3 pips using the base tier of $60 per million for traders that do less than $100 million per month. Traders that do over 1.5 yards (one yard = $1 billion in volume) see their per-side commission drop to $10 per million ($20 round-turn), resulting in an effective spread of 0.365 pips – using the 2019 data.