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)
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.
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.
I've used IG Index for last 6 months. They old trading platform wasn't impressive at all. But they have launched a new java based platform since 7th January. It is very good. Apart from realtime execution, you can have access to DowJones news, a very good charting (unfortunatlly with 15 minutes delay) but it is still very useful for historical charts and for people who do not have access to other chartings like CQG, Reuters graph ...
They spread between popular stocks are very narrow and in a big size trades it is better than trading CFDs or stocks.
The trading platform is very easy to use, I have found it to be 100% reliable. If it has one drawback then it has to be the very limited amount of tick data shown in it's chart. Their quoted prices are pretty much in line with the actual market prices.
Orders are filled very quickly indeed and confirmations come through in an instant. However even if there is a delay of a few seconds the price you get is exactly the price where you pressed buy/sell, there is no re-quoting.
Control risk bets are available and the cost is included into the initial spread, the only drawback is I have not found a method of moving stops to protect profit.
Telephone support is polite, professional and prompt. As for training I have not attended any of their seminars but I intend to in the near future.
Value for money, all charges are taken on the opening position, therefore I know exactly what I must expect my trade to do before I make break eave/profit.
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.
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...
I have had an IG account for a few years. I do not invest huge sums, which is perhaps why I have not suffered from the same issues listed in the reviews here. I have traded without being 'spiked out' and have made deposits and withdrawals without issue. I recently traded using their binary options exchanges (not the sprint markets) and found them an interesting alternative - though not profitable for me! For info, I generally trade stocks, and have positions open for a couple of weeks / months. So again, possibly as a 'longer term' trader, I am less likely to be impacted by some of the problems noted above.
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was trading with and they are the biggest so fairly easy choice to go with. Pretty much everything meets expectations. Platform is stable enough and their spreads are pretty good. they have education online so can teach myself a few things. everything was going well then during the gbp flash crash in november I got stopped out of my trade pretty bad. I tried to complain about it but they refused point blank and no real customer service, just referred me to their terms and conditions, so I decided to look for a new provider and after a decent searchi think I have decided on XTB. All in all I think IG are ok, just didn't like they way they handled my complaint. Hopefully better luck with XTB.
I don't trade with them but others might find useful the Brokerchooser IG Review -> http://brokerchooser.com/broker-reviews/ig-review
They were pretty positive about IG although the company has it's weak points like the too overcrowded platform and only leveraged product availability.
I have been a user of IGIndex for just over a year and have become increasingly disillusioned with their service.
The dealing interface is simple to use and exceedingly easy to navigate. But the benfits this brings are simply outweighed by the wide spreads and the far too frequent refusal of bets; a disheartening proportion of which then proceed to move in your favour.
As far as I am concerned, if a company advertises that "the price you see is the price you get", then you should NEVER have a bet refused, far less having bets refused with the frequency I have experienced.
Combine this with index spreads which are uncompetitive and the absence of a rolling cash facility, then I would not be approaching IGIndex as my first port of call if I were starting out spread-betting today.
My experience with IG's spread bet platform is pretty limited. Have you guys considered giving Capital Spreads, Accendo Markets, Saxo a go? Check if they offer the bets you want. I've been pleased with their spread betting platform , however I have never placed binary bets with them.
I read some good stuff about these a couple of years ago, but I'm confused in the sense that if they can't provide even remotely close pricing what help is that. I want it to reflect what I'm seeing, anything feels like a guess.