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I.G. Trading Review: Is I.G. Trading Right For You?
This I.G. trading review covers several aspects that make this broker a good choice for traders. It offers a variety of trading platforms, a clear fee structure, and negative balance protection. Despite the numerous benefits that I.G. offers, it is not for everyone. Many brokers are available, and I.G. is not the right choice for everyone. It is important to research the benefits of a broker before signing up. If you are new to online trading, this review will be helpful for you.
I.G. trading is a good broker
If you’re new to the world of trading, you might wonder if I.G. trading is a good choice for your needs. I.G. offers competitive spreads, thousands of trading instruments, and state-of-the-art research and educational portal. They also offer various platform options, and you can upgrade as your equity grows. One of I.G.’s unique selling points is that you can bypass the dealing desk and access the market directly. I.G. is also globally regulated, though it does not offer guaranteed stop losses and negative balance protection, which can be essential in volatile market conditions.
The best part about I.G. is its order management system. The company never fills an order below the requested level, and the firm automatically adjusts for changes in the market, which can occur in milliseconds. The company also rejects orders that would have a disadvantageous effect on its clients. This means that I.G. trading is a good choice if you want to minimize the risk of losing money on your trades.
I.G.’s trading terminal is very convenient, too. Besides the traditional trading terminal, you can also access news, economic calendars, videos, and educational materials on their website. The platform also has a mobile application for your mobile device. This makes it easier to monitor your trades anytime, anywhere. You can also learn from their blog, which features articles and deeper analysis outlooks. Once you’ve mastered the basics of trading, you’ll be on your way to becoming a successful trader!
I.G. trading is a great choice for those looking for an introductory forex trading account. You can open an account online and deposit with a credit card. You can also access options, futures trading, spot trading, and weekend trading. I.G.’s website is fully digital, so starting with the platform is very easy. Besides, the process is seamless and fast, and you can easily set up your account in a few minutes.
It offers a wide range of trading platforms.
Ig Trading provides a variety of trading platforms that can be customized to fit your trading style. You can use the Market Screener to screen stocks based on 34 fundamental data points, 26 countries, 28 indexes, and ten sectors. DailyFX content doubles as I.G. research. I.G. also integrates Autochartist and PIA First to generate advanced technical and fundamental analysis. The I.G. Community provides live chat forums where you can discuss the markets with other live account holders.
I.G. Trading offers the MetaTrader4 and L2 Dealer platforms. The MT4 platform is the most popular among these two. It offers access to the Forex and the shares market and has a high minimum deposit requirement. L2 Dealer, on the other hand, offers a variety of advanced algorithmic order types and does not have a predefined layout. In addition, I.G. offers a discount program for active traders and allows you to trade with a minimum deposit of $1,000.
I.G. is also well-regulated and has a toll-free number of customer support agents. In case of technical issues, customers can contact customer support through live chat, social media, and email. They also have a FAQ section. You can speak to a live agent in several languages and even sign up for a demo account. If you’re unsure about which trading platform you should choose, you can always try a demo account for free to see if it fits your needs.
I.G. offers CFDs in various markets and a variety of Forex pairs. They also offer spread betting, a tax-free derivative, which allows traders to trade across multiple markets. Furthermore, I.G. also offers cryptocurrency trading. The I.G. website provides a variety of trading platforms that suit your needs and preferences. In addition to offering trading platforms for CFDs and Forex, the company offers several other financial instruments, including binary options.
It has a clear fee structure.
Ig Trading has a transparent fee structure that clearly defines what you’ll pay for your trading services. I.G. charges a 0.8 pips minimum spread on the majors on its U.S. platforms. The average spread ranges from 0.9 (EUR/USD) to 5.4 (USD/JPY). All overnight positions will incur currency conversion charges and a 1% swap fee. The inactivity fee for 24 months is $12, while wire withdrawals cost $15. In addition to commissions, I.G. also charges a 0.5% markup on all foreign exchange trades.
I.G. has a hybrid fee structure for its brokerage services, with some fees being quite high and others low. Before choosing the right brokerage, you must know what each I.G. trading fee will cover. The non-trading fees at I.G. Trading include various brokerage fees unrelated to buying and selling assets. Typical non-trading fees include deposit, account maintenance, and withdrawal fees.
The fee structure is also easy to understand. I.G.’s web-based U.S. platform features basic risk management tools, including streaming Reuters news. It also integrates third-party signals provider Autochartist. The order interface offers three basic order types and the option to attach a stop-loss or take-profit amount. Although I.G. doesn’t offer guaranteed stop-loss orders, the U.K. website includes a list of third-party charges.
I.G. offers a comprehensive range of online investment options, including the industry-standard MT4 platform. In addition, the firm accepts U.S. clients for Forex and has a significant global footprint. These factors make I.G. Trading an excellent choice for investors looking for an online broker. However, if you’re looking for an online broker with a transparent fee structure and a broad range of services, you’ll have difficulty choosing a better option.
It offers negative balance protection.
I.G. Trading offers negative balance protection to U.S. clients, but not every retail forex broker does. This new industry buzzword may be a good way to attract newcomers to the trading world, but it’s not enough to ensure your security. Negative balance protection provides peace of mind and is a viable risk management tool for investors in volatile market conditions. Learn how this protection works with this comprehensive review. It’s worth the price of admission because negative balance protection is a vital risk management tool in volatile market conditions.
The I.G. trading platform is highly customizable so that traders can set their preferences. It also offers a variety of risk management tools, such as guaranteed stop loss orders and alerts. European and the United Kingdom traders are provided negative balance protection by default, but all users can opt for this option. If they’re not actively trading, they will be logged out automatically. I.G. also offers free, high-quality software. Users can set up alerts and notifications to notify them of pending trades and manage risk through their trading.
I.G. offers the largest range of trading products, including Forex, digital options, and stock indices. It also offers competitive leverage on shares and indices. I.G. offers leverage as high as 1:30 for retail clients, 1:20 for commodities, and 1:2 for cryptocurrency. In addition, its website offers margin calculators that allow traders to calculate margins. If they lose money, I.G. will restore the balance to zero. These negative balance protection options are particularly helpful for beginners.
I.G. offers multiple withdrawal options if you choose to withdraw your money. Withdrawals via Paypal are instant. Bank transfers take up to 3 working days. I.G. offers both swap-free and traditional trading accounts. Unfortunately, the website does not accept applications from residents of Canada or Japan. These two countries are particularly difficult to navigate for forex trading. So, we recommend using a broker with experience in the foreign exchange market before you begin trading.
It charges an inactivity fee.
Ig Trading has a low inactivity fee, but you’ll have to pay it after two years. This fee is around $12/PS12/EUR14 per month and is not ideal for buy and hold investors. You can read more about this fee on the I.G. Trading website. The fee also depends on your location. For example, if you live outside the U.S., you might not have to pay the fee.
I.G. Trading charges an inactivity fee of PS12. It’s good to know, as this is a common fee associated with dormant accounts. In addition, I.G. Markets U.S. charges a 0.5% currency conversion fee for all transactions. In contrast, CMC Markets doesn’t charge an inactivity fee. And because the fee isn’t related to buying and selling assets, you can use it to purchase and sell cryptocurrency. However, this fee can quickly add up if you don’t trade.
Another thing to remember is that the inactivity fee is applied on a user level. If you regularly trade in the primary account, you won’t be charged an inactivity fee. But if you have sub-accounts, the fee will be applied to one of them each month. You can request a rebate if you decide to resume trading. Likewise, the fee will be refunded if you decide to resume trading after a period of inactivity.
I.G. has a toll-free customer support line, live chat, and email. Customers can also reach customer service by using social media. The website also has a FAQ section where you can find answers to commonly asked questions. There are also satellite offices in many countries. It offers support in different languages, and it is recommended to talk to a live person before you make a decision. It does have some perks, but the downsides outweigh these.
