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
A great easy platform
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.
Straight Up
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.
Probably best CFD provider ...
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)
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)
Excellent Service
Had a small issue with closing a position, one quick phone call and a review of the recorded conversation and my complaint was upheld, you cannnt say fairer than that.
Price difference
Much differnce between the price shown and the price given after execution
not so great
have used ig intermittently, have a good platform but very poor service afterwards. they will change spreads always to your disadvantage, can often be up to 15 points diff between price shown and the one actually given to you when you have placed an order
A good outfit.
I actually rate IG. I think their platform makes for easy trading, customer service are competent and the spreads - while not the best in the world - do not suffer from requotes.
Aviod!! Sharks at work
Ruthless skulduggery will fleece the uninitiated and green traders quicker than you can learn to avoid the platform with delays in getting back to you, platform freezes, distracting binery bets which are incredible fun but dont belong in an environment where making money should be a serious goal.. You are trading against a bookie.. you are not gaining access to the markets through a broker so be on guard.. Ultimately I became so fed up with the descrepancies between prices shown and prices represented from solid dependable sources that the only option I had was to stop using spreadbetting firms altogether... add to all that lockups, lockouts, freezes and graphs that are frankly weak and inacurate and youll agree that they must make a lot of money.. question is are you the mug from whom they will make it?... PS & dont even consider day Trading using IG let alone any other spreadbetting firm.. step away from the download take yourself more seriously.. its your money..
Not a fan...
I have used IG on and off for 7 years but will not continue to do so.
Their service has always been shoddy when I have had a problem and they recently did me out of a large sum on a non-guaranteed stop.
I had a stop on cable and the market moved about 50 points in approx 2 mins. My stop was hit but I was taken out 40 points below the stop level. There was no gap (cable rarely gaps that far) and there were over a dozen ticks between the points.
When I called to point out that the difference between my stop and the level they took me out at was several grand apart I got some dopey dealer offering to put me through to the FX desk. The FX desk just said 'well, that is where we got out'.
I fail to see why their slow, and presumably manual, hedging should cost me so much money.
I think that the new management must be letting things slip.
Poor show - have emptied my account and spread it across a few competitors.
Their service has always been shoddy when I have had a problem and they recently did me out of a large sum on a non-guaranteed stop.
I had a stop on cable and the market moved about 50 points in approx 2 mins. My stop was hit but I was taken out 40 points below the stop level. There was no gap (cable rarely gaps that far) and there were over a dozen ticks between the points.
When I called to point out that the difference between my stop and the level they took me out at was several grand apart I got some dopey dealer offering to put me through to the FX desk. The FX desk just said 'well, that is where we got out'.
I fail to see why their slow, and presumably manual, hedging should cost me so much money.
I think that the new management must be letting things slip.
Poor show - have emptied my account and spread it across a few competitors.
Not good
There are better firms such as findspreads, wordspreads, and capitalspreads, avoid deal4free.com igindex.com
igindex sales team actually know the difficulties of first time traders and shortfalls of their system, they refused to open me an account in order to protect me, they did reveal the real risks of spread betting and that it can make me broke. They don't allow you to open an account unless you are working full time, good advice on one hand. I suggest finspreads.com betting as little as 1p for all first timers.
Bad fills are a reallity not only with igindex but with deal4free.com too, bad fills, slipage, unexecuted orders, all become apparent on big stakes. deal4free also move the spread to your disadvantage for stakes over £20! These facts become apparent on big stakes only!
Don't be ready to give a broker a good rating based on trading with stakes under a few £££.
igindex sales team actually know the difficulties of first time traders and shortfalls of their system, they refused to open me an account in order to protect me, they did reveal the real risks of spread betting and that it can make me broke. They don't allow you to open an account unless you are working full time, good advice on one hand. I suggest finspreads.com betting as little as 1p for all first timers.
Bad fills are a reallity not only with igindex but with deal4free.com too, bad fills, slipage, unexecuted orders, all become apparent on big stakes. deal4free also move the spread to your disadvantage for stakes over £20! These facts become apparent on big stakes only!
Don't be ready to give a broker a good rating based on trading with stakes under a few £££.
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