IG Index (IG Markets Group)

You are here

Risk Warning

 

Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss. Your capital may be at risk. The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.

Top Brokers by Trading Level

 
Regulation: FSA
Min Deposit: £10
Leverage: 700:1
Platform: Web Dealing, Mobile Dealing, Pure Deal
First Deposit Bonus: No
Other Bonuses: No

Company Information
Broker's Name
IG Index (IG Markets Group)
Website
http://www.igindex.co.uk/
Headquartered in
London, England
Year Founded
1974
Regulating Authority
FSA
US Clients Accepted
No
Telephone Number
44 207 633 5300
Fax Number
44 20 7896 0010
E-Mail Address
helpdesk@igindex.co.uk
Account Options
Type of Broker
Dealing Desk
Commission
Mini Account
Yes
VIP Account
No
Segregated Account
Islamic Account (Swap Free)
No
Demo Account
No
Institutional Accounts
No
Managed Accounts
No
Maximum Leverage
700:1
Minimum Deposit
£10
Deposit Options
Credit Cards, Debit Cards, Bank Transfer
Withdrawal Options
Credit Cards, Debit Cards, Bank Transfer
More Instruments
Metals
Oil
Yes
Gold
Yes
Indices
Yes
Stocks
Yes
Commodities
Yes
ETFs
CFDs
Trading Platform
Platform Type
Web Dealing, Mobile Dealing, Pure Deal
Platform Languages
OS Compatibility
Palm OS, Microsoft Windows for Mobile, Microsoft Windows XP, Microsoft Windows Vista, mac OS X, Linux
Streaming News Feed
Charting Package
Trading Signals
Yes
Automated Trading
No
Trade From Charts
Yes
Market Commentary
Yes
E-mail Alerts
Yes
Mobile Alerts
Yes
Scalping
Yes
Hedging
Yes
Trailing Stops
Yes
Guaranteed Stop Loss
No
Guaranteed Limit Orders
Yes
Guaranteed Fills
Yes
Interest on Margin
One-Click Execution
OCO Orders
Mobile Trading
Yes
Web-Based Trading
Yes
Customer Service
Customer Support Languages
English, Spanish, French, German, Portugese, German, Italian, Greek, Chinese Mandarin, Chinese Cantonese, Japanese, Korean, Thai, Vietnamese, Polish, Hungarian, Czech, Danish, Dutch, Russian, Hebrew,
Customer Service Hours
24 Hours per Day
Place Trades Over the Phone?
Yes
Bonuses & Rewards
No Deposit Bonus
No
Bonus for First Deposit
No
Is the Bonus Based on the Volume of the Transaction?
No
Other Bonuses
No

IG Index (IG Markets Group)
Company Overview
IG Index is part of the IG Group Holdings Plc, a UK financial derivatives trade exchange offering contracts for difference (CFD) and spread betting services to retail brokers. Responsible for generating a global net trading revenue of £361.9 million in 2013, the company has trading advisory offices in 16 countries.

With 140,000 active clients globally, IG Group has been a leader in financial spread betting since 1974. Listed on the London Stock Exchange (LSE), IG Group UK is listed on the FTSE 250 Index with a £2.1 billion market cap. IG has operations through its IG Index and IG Markets services in Amsterdam, Beijing, Chicago, Dublin, Düsseldorf, Johannesburg, London, Luxembourg, Madrid, Melbourne, Milan, Oslo, Paris, Tokyo, Singapore, and Stockholm.

Account Types
IG Index subscribers have access to over 10,000 international markets, IG Index is a reliable trading platform offering some of the lowest margins, and competitive rates in the sector. Account holders have access to expert analysis and insights, as well as skills training and continuous financial trading advisory and help desk assistance.

Traders have access to thousands of contracts to choose from binaries, commodities, Indices, IPOs, Options, and Sprint markets. Consistent stability and better prices on IG Index offer traders a competitive edge on any trade. Fixed-expiry stock indices and commodities futures contracts are available on IG Index. Forward spread betting is offered on fixed-expiry shares and Forex currency trading.

IG Index premium account services include:
• Direct Market Access (DMA) technology for pricing on Forex and shares.
• Guaranteed stops to control for hidden exposure in underlying transaction value.
• Low inactivity fee of £12 fee the 1st of each month, post an extended period of 2+ years of no trading activity on an account.
• Live exchange prices on CFDs
• Advanced real-time charts at a cost of £30 a month, or free with four or more deals in the same period.
• Currency conversion on CFDs so that foreign-currency profits are converted to the base currency and funding of the account.

IG Index account holders are supported by the most in execution and pricing technology that gives traders an edge. IG Index contracts are subject to Real-time market and indices price. Daily funded bets and CFDs charge 2.5% above the interbank rate (i.e. LIBOR). Short positions are 2.5% on top of the interbank rate. Interest adjustment on short positions can be made to a credit or debit card. When the interbank rate exceeds or drops below 2.5% a credit or debit is made to an account.

Commissions & Spreads
Traders pay a spread on spread bet or non-share CFDs. Commissions are accrued on each share CFD trade.

Trading Software
The Group’s MetaTrader 4, DMA trading platform and L2 dealer software are compatible for integration to localized APIs and terminals via the web-based exchange portal.

Online dealing platforms
The IG virtual exchange platform is web-based and mobile app accessible. The browser-based direct market access (DMA) IG trading can also be accessed from Android, iOS iPad and iPhone, as well as Windows mobile apps and tablets. The company’s award winning exchange platform offers Pro Real-Time charts.

Deposits & Withdrawals
IG Index account deposits can be made by major credit card, debit card, or bank transfer from the ‘My Account’ platform dashboard. Withdrawals are the full amount of earnings on a trade. Commission and dividend charges are taken into account prior to credit. IG Index account subscribers have the option of daily, weekly or monthly conversion settings for transfer of funds to a foreign, base currency at a standard charge of 0.3%. Client funds are segregated and secured.

Customer Support
IG Group customer support is offered via the ‘My Queries’ section on the Help and Support page of the company website, and directly from an account.

Regulators & Safety
IG Group, IG Index, and IG Markets are regulated by the United Kingdom’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) in Australia, as well as the Monetary Authority of Singapore (MAS).

Leverage
On IG Index traders benefit from using leverage to take advantage of exposure on commodities, ETPs, Forex, Indices, and shares markets. Leverage frees up capital so as to commit funds to other investments.