FBRForex Broker Rating
ET
Written by Editorial Team
Updated
IG logo

IG Review

Overall Rating
4.7 / 5
Fees
4.6 / 5
Safety
4.7 / 5
Platforms
4.6 / 5
Education
4.7 / 5
Min. deposit
$0

IG — At a Glance

Regulation
FCA (United Kingdom), CFTC (United States), NFA (United States), BaFIN (Germany), Deutsche Bundesbank (Germany), ASIC (Australia), FINMA (Switzerland), FSCA (South Africa), MAS (Singapore), FMA (New Zealand), DFSA (UAE), JFSA (Japan), BMA (Bermuda)
Broker Type
Market Maker, DMA
Minimum Deposit
$0
Payment Methods
Bank Transfer, Credit/ Debit Card, Paypal
Account Currencies
USD, GBP, EUR, AUD, SGD, HKD
Assets Offered
Forex, CFDs, Spread Betting
Trading Platforms
Web, Mobile, TradingView, MetaTrader 4, MetaTrader 5, ProRealTime, L2 Dealer
Demo Account
Yes
Maximum Leverage
1:200
Spread Type
Variable
Spread From
0.9 PIPS
Commission
0
Decimal Pricing
5 decimals
Minimum Lot Size
0.01
Maximum Lot Size
100
Swap Free Account
Yes
Managed Account
Yes
PAMM / MAM Trading
Yes
Joint Account
Yes
Social / Copy Trading
No
Hedging
Yes
Scalping
Yes
One Click Trading
Yes
OCO Orders
Yes
Trailing Stop Loss
Yes
API Access
Yes
VPS Hosting
Yes
Bonuses
No
Contests
No
Headquarters
Cannon Bridge House, 25 Dowgate Hill, London, EC4R 2YA, United Kingdom.
International Offices
United Kingdom, United States, Australia, Germany, Switzerland, Spain, Italy, France, Sweden, Poland, Singapore, Japan, India, Bermuda, South Africa, UAE
Languages
English, Spanish, Arabic, French, German, Italian, Mandarin, Chinese, Japanese, Dutch, Swedish, Portuguese
Customer Support
Email, Phone, Live Chat

Pros & Cons

Pros

  • +Strong global regulation and security
  • +Fast and easy account opening and onboarding process
  • +Demo account for practice trading
  • +Extensive market access
  • +Fast and secure payment methods
  • +low trading costs
  • +Fast execution
  • +User-friendly mobile and web platforms
  • +Supports TradingView, MT4, ProRealTime, and L2 Dealer
  • +Solid support for algorithmic trading

Cons

  • Limited product range

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.