IG Index Reviews

THEY MOVE THE GOAL POSTS..THEY WILL NEVER CHANGE..

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...

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.

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.

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.

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!

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 .

I have used IGIndex for years now and they have made some chages for the better. There charts are the best and I use their charts for my technical analysis (although you should have a seperate software for in depth analysis like metastock) as the are presented quickly and without crashing or slowing things down. One of the easiest yet complete (not babyish or primative... still looks professional and sophisticated) platforms out there... and one of the bigges and longest running.

IG are absolutely superb, good range of markets, smart platform with good charts and a lot of good research, but most importantly excellent customer service. Any problems I've ever had (including a gross error on rolling a position) have been resolved promptly and without question. Big thumbs up.

If you use L2, know what you are doing, and trade in decent size, IG is the place to be.

You can negotiate commissions - even at small trade size levels (I did).

Largest universe of US stocks for CFD provider.

Decent customer service.

When you trade with IG(DMA) you are trading in the market, buying and selling for their account, but IG is writing you a CFD contract. They are not trading against you as a quote driven provide would be doing(CMC)