IG
in Brokers / Spread Betting & CFDs
IG is the UK’s leading financial spread betting company. IG provides financial spread betting on a huge range of markets such as indices, currencies, commodities, shares and many more.
IG has versions of its award-winning trading platform on a wide variety of mobile devices from iPad to iPhone and Android smartphones.
- Full individual client fund segregation
- 99.5% of trades executed in 0.1 seconds
- Over 70 FX pairs from 0.8 pips
- Over 7000 global shares
- Free premium live Reuters news
- Trade on advanced charts
- Free custom IG apps for all smart phones and the iPad
- No re-quotes
- No obligation to fund or trade. Free to set up
- Open an account online in 3 minutes
Corporate history
IG Index, the original IG Group company, was founded by Stuart Wheeler in 1974 and was the world’s first spread betting company. In 2000 IG Group was floated on the London Stock Exchange and is now a member of the FTSE 250.
Regulation
IG is a trading name of IG Index Ltd and IG Markets Ltd; IG Index provides spread betting and IG Markets provides CFD trading. IG Index Ltd is authorised and regulated by the FSA (Financial Services Authority), FSA Register number 114059 and is a member of the London Stock Exchange. It is the largest single provider of spread betting and CFD accounts in the UK (Investment Trends UK Leveraged Trading Report October 2012).
Country: United Kingdom
Website: http://www.igindex.co.uk
Member reviews
Same tricks
Beware the small print '...prices are indicative only'
Gave IG another chance with their DFBs as execution is good (provided you don't go in at market it almost mimics DMA, that's obviously the aim) and the platform has always been v.nice. But it's a mirage, watch for old tricks.
e.g. Nice EUR gap Sunday night open gave a quick 11 points, but they turned a blind eye to that as presumably there weren't many traders... or if I let paranoia get the better of me maybe that was just my price. But I don't mean it was a flash move up/down, I mean it was up for 30 mins or so with IG quoting 10 points off the mark and with a wildly fluctuating spread. If they were that blatant at peak times they'd be out of business.
I don't trust spreadbet co's from past experience so watch for the tiniest impropriety, I'll not get mugged again. So now just left with Prospreads so if they do something daft guess I'll have to get a proper job.
One point might seem harsh given everything else seems fine but you can either trust someone with your livlihood or you can't.
Gave IG another chance with their DFBs as execution is good (provided you don't go in at market it almost mimics DMA, that's obviously the aim) and the platform has always been v.nice. But it's a mirage, watch for old tricks.
e.g. Nice EUR gap Sunday night open gave a quick 11 points, but they turned a blind eye to that as presumably there weren't many traders... or if I let paranoia get the better of me maybe that was just my price. But I don't mean it was a flash move up/down, I mean it was up for 30 mins or so with IG quoting 10 points off the mark and with a wildly fluctuating spread. If they were that blatant at peak times they'd be out of business.
I don't trust spreadbet co's from past experience so watch for the tiniest impropriety, I'll not get mugged again. So now just left with Prospreads so if they do something daft guess I'll have to get a proper job.
One point might seem harsh given everything else seems fine but you can either trust someone with your livlihood or you can't.
worst experience with IG
hii i am trading with IG and having a nightmare of an experience worst spread betting company in my opinion.. Initally they are good but once you start making money out of them then the real problem starts... trades get monitored and rejection rate increases .. especially binary and options trades... in binary trade even small size of 2 pound goes to the dealing desk and options trading is on dealer refferel...IG has all the products but when you start making money every trade is on a dealer refferel.. and every second trade gets rejected.. in my opinion one of the worst companies to spread bet with .. regards
New Low Spreads - until the market opens!
Noticed that IG Index increased their spreads on one US stock form 10 to 136 when the market opened. However, on 4th Jan they increased the spread on a large S&P500 stock from 13 to 517! Don't be conned by the low spreads statements!
THEY NEVER CHANGE!
THEY MOVE THE GOAL POSTS..THEY WILL NEVER CHANGE..
Much better nowadays than they used to be many years ago.
UPDATE: Spring 2013 - IG have recently & substantially increased their bet size minimums, for a great number of popular instruments; as a result of which, I would now recommend IG Index as being a far more appropriate choice for very well funded and experienced clients. Those new to spreadbetting, or with account sizes between a few hundred and a few thousand, really ought to open an account with at least one other spread bet company instead. Having said that, Please DYOR! & here follows my original review.
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Due to the vastly increased competition since just before the early 2000's when I first joined Ig Index, I do believe that they have in the past few years finally got their act together. That is, they are now a spread bet company which I would at last very much recommend. Over a decade ago, when I'd first joined, they were nowhere near as professional in their dealings with customers: All kinds of shenanigans occurred in earlier days as you can most surely read from the other reviews. In fact, because I despised the way they messed around in the late nineties and early 2000's, with stops etc., I used to be primarily a customer of CMC spreadbet; however, since CMC dropped futures bets in oil and gold, I've decided to re-try Ig Index again - a year or so ago, after a long break. And, I'm very pleased to say that in the past year they've been an excellent company with whom to spread bet. Indeed, they used to be scoundrels who'd fleece you on stops etc., but all that has seemed to change recently - again I'm sure that industry competition has forced them to clean up their act. They have quite possibly one of the widest range of instruments available. Their trading platform works wonderfully, and I particularly love their text message alerts for market prices - whereby you can set the prices you wish to be alerted of, and when they hit, your phone will tell you, courtesy of Ig Index. Brilliant - now that's something which is very useful that many other firms have yet to offer! Their spreads are, at last, often market leading. What's more, I've not experienced any issues with stop hunting - beyond that which ordinarily has occurred in the wider markets. Also they've recently introduced a 'price improvement' policy, which I can verify does work, of often giving clients a better fill price in a fast moving market. Now that's a very welcome policy! All in all, I am (at last!) a happy customer of Ig Index and I would most truthfully highly recommend them (but please do note that it's wise to have more than one spread betting account) whatever your experience of spread betting is. Lastly, I'm sorry to say that I can't say the same of CMC any more...
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Due to the vastly increased competition since just before the early 2000's when I first joined Ig Index, I do believe that they have in the past few years finally got their act together. That is, they are now a spread bet company which I would at last very much recommend. Over a decade ago, when I'd first joined, they were nowhere near as professional in their dealings with customers: All kinds of shenanigans occurred in earlier days as you can most surely read from the other reviews. In fact, because I despised the way they messed around in the late nineties and early 2000's, with stops etc., I used to be primarily a customer of CMC spreadbet; however, since CMC dropped futures bets in oil and gold, I've decided to re-try Ig Index again - a year or so ago, after a long break. And, I'm very pleased to say that in the past year they've been an excellent company with whom to spread bet. Indeed, they used to be scoundrels who'd fleece you on stops etc., but all that has seemed to change recently - again I'm sure that industry competition has forced them to clean up their act. They have quite possibly one of the widest range of instruments available. Their trading platform works wonderfully, and I particularly love their text message alerts for market prices - whereby you can set the prices you wish to be alerted of, and when they hit, your phone will tell you, courtesy of Ig Index. Brilliant - now that's something which is very useful that many other firms have yet to offer! Their spreads are, at last, often market leading. What's more, I've not experienced any issues with stop hunting - beyond that which ordinarily has occurred in the wider markets. Also they've recently introduced a 'price improvement' policy, which I can verify does work, of often giving clients a better fill price in a fast moving market. Now that's a very welcome policy! All in all, I am (at last!) a happy customer of Ig Index and I would most truthfully highly recommend them (but please do note that it's wise to have more than one spread betting account) whatever your experience of spread betting is. Lastly, I'm sorry to say that I can't say the same of CMC any more...
Ig...be careful
As others have stated I think IG's trading platform is excellent, in fact, probably the best. However watch these guys. I built my trading account up to £21,500. The markets have shown some srength in recent days and with confidence opened a £200pp position on the germany 30 at 5596. I imagine many traders would have opened similar positions on the euros strongets economy to show some strength after hitting a prior support. So....IG decided to push the price down to take out all the stops, even when my account was significantly down, the strength in the german index was sufficient to allow the rade to continue. Anyway, IG pushed the price down so much, it wiped out the account.....now look where the german index is. Needless to say the account would now be showing £50,000 plus at the time of writing. IG knew they would be paying out alot of money on this index, so took the price down to take out all the stops. Be careful with this company.
Great Selection of markets run by rookies.
I can't help it. Their platform is great to look at. Their range of products is extensive and generally their fills are great until now.
It's a great platform and i will always have an account with them and it is my main broker for trading currently, but recently i don't know whether they changed their dealing system, but recently i've been rejected quite alot more when the market moves as little as 0.1 of a tick on £10 a point even on FX. It's just frustrating, because most of the time i don't care what the price is and i just want to be filled.
I think i am blacklisted though with them, so i don't know if everyone is experiencing this. It's still a great platform.
The problem with IG is that, there are like the clever kid in class who doesn't work hard and always gets C for effort but A for attainment. They are still the best and theres no real reason for them to reject trades.
Had a trade deleted today. No call, no email, no nothing. Shocking service. You can't expect much from them, given their terrible overpaid staff.
It's a great platform and i will always have an account with them and it is my main broker for trading currently, but recently i don't know whether they changed their dealing system, but recently i've been rejected quite alot more when the market moves as little as 0.1 of a tick on £10 a point even on FX. It's just frustrating, because most of the time i don't care what the price is and i just want to be filled.
I think i am blacklisted though with them, so i don't know if everyone is experiencing this. It's still a great platform.
The problem with IG is that, there are like the clever kid in class who doesn't work hard and always gets C for effort but A for attainment. They are still the best and theres no real reason for them to reject trades.
Had a trade deleted today. No call, no email, no nothing. Shocking service. You can't expect much from them, given their terrible overpaid staff.
Leading edge Spread Betting platform
Most reliable platform I have used.
Widest selection of markets.
Great execution.
Facilities and features available leading edge and more than other brokers.
Good service & support.
Widest selection of markets.
Great execution.
Facilities and features available leading edge and more than other brokers.
Good service & support.
IG Index is SCAM
When you join IG index, you make profits only until you reach 200 - 300% of your initial deposit. After this time, they start shafting you big time to get back all you made. If IG index is a woman, i'd stick a huge rod in her a-hole till she screams dead beech!
Beware all you rookies!
Beware all you rookies!
Very Good
Pros:
wide range of markets , thousands of shares , indices , commodities , forex , LME metals (phone) and options .
Fast execution .
Stable platform plus mobile trading and phone dealing is available
.Excellent customer service
Recently lowered their spreads .
Innovative : always there is new products and upgrades .
Better fills : if price moved against you when you use market order you get filled at the new improved price , and if price went your way your market order get rejected and you dont get slippage ( although this could be a problem at some point ) .
IG is a FTSE250 comapny with a strong cash and great performance .
Good advanced charts and dealing on charts are available .
Guaranteed stops .
Flexible "bet per point" , ie : could bet 1.25 AUD per point or 1.1 pounds per point "depends on which market you trade " .
Low minimum size for betting on US stocks , 0.25 pounds /point .
Cons :
IG add to market spread 1-4 cents per side for US stock , which could be good for expensive stocks like GOOG , could also be expensive for stocks like MSFT . And 0.1% per side for Ftse100 shares , 0.25% per side for Ftse250 shares which could be considered a little bit expensive .
Real automated trading is not available .
High leverage offered by IG and binaries could be a distraction for the new trader .
Charges 1.5% for credit card deposits and refunds .
If you open "limited account" they add guaranteed stop to every trade which will cost you more .
No demo accounts .
wide range of markets , thousands of shares , indices , commodities , forex , LME metals (phone) and options .
Fast execution .
Stable platform plus mobile trading and phone dealing is available
.Excellent customer service
Recently lowered their spreads .
Innovative : always there is new products and upgrades .
Better fills : if price moved against you when you use market order you get filled at the new improved price , and if price went your way your market order get rejected and you dont get slippage ( although this could be a problem at some point ) .
IG is a FTSE250 comapny with a strong cash and great performance .
Good advanced charts and dealing on charts are available .
Guaranteed stops .
Flexible "bet per point" , ie : could bet 1.25 AUD per point or 1.1 pounds per point "depends on which market you trade " .
Low minimum size for betting on US stocks , 0.25 pounds /point .
Cons :
IG add to market spread 1-4 cents per side for US stock , which could be good for expensive stocks like GOOG , could also be expensive for stocks like MSFT . And 0.1% per side for Ftse100 shares , 0.25% per side for Ftse250 shares which could be considered a little bit expensive .
Real automated trading is not available .
High leverage offered by IG and binaries could be a distraction for the new trader .
Charges 1.5% for credit card deposits and refunds .
If you open "limited account" they add guaranteed stop to every trade which will cost you more .
No demo accounts .
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