IG Index Review 2024

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4.4

IG Index is #19 in our rankings of CFD brokers.

IG Index Facts & Figures

Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

Pros
  • IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, providing ample diversification opportunities
  • The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for trading
  • The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our Best Trading App award
  • As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust
  • IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis
  • The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met
Cons
  • Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges
  • While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients
  • IG has discontinued its swap-free account, reducing its appeal to Islamic traders
  • Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests
  • IG applies an inactivity fee of $12 per month after 2 years, deterring casual investors
Awards
  • Best Customer Service 2022 - Online Money Awards
  • Best Spread Betting Provider 2022 - Online Money Awards
  • Best Platform for the Active Trader 2022 - ADVFN International Financial Awards
  • Best Multi Platform Provider 2022 - ADVFN International Financial Awards
  • Best Finance App 2022 - ADVFN International Financial Awards
Instruments CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
Demo Account Yes
Min. Deposit $0
Mobile Apps iOS & Android
Trading App

IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user-friendly layout, access to full charting and a stable and reliable application. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested.

iOS App Rating
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4.6
Android App Rating
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4
Payments
Min. Trade 0.01 Lots
Regulated By FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB
MetaTrader 4 Yes
MetaTrader 5 No
cTrader No
DMA Account Yes
ECN Account No
Social Trading No
Copy Trading No
Auto Trading Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime
Signals Service Yes
Islamic Account No
Commodities
  • Gold
  • Copper
  • Oil
  • Palladium
  • Silver
  • Sugar
  • Coffee
  • Wheat
  • Natural Gas
  • Soybeans
  • Orange Juice
  • Nickel
  • Steel
  • Iron
  • Precious Metals
  • Aluminium
  • Lithium
  • Cannabis
CFDs IG offers a huge selection of 17,000+ CFDs, providing more trading opportunities than most CFD brokers. Traders can go long or short on popular markets like stocks, currencies, commodities and cryptos, while custom price alerts and the IG Academy continue to enhance the trading experience.
Leverage 1:30 (Retail), 1:222 (Pro)
FTSE Spread 1.0
GBPUSD Spread 0.9
Oil Spread 2.8
Stocks Spread 0.02
Forex IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD.
GBPUSD Spread 0.9
EURUSD Spread 0.8
GBPEUR Spread 0.9
Assets 80+
Currency Indices
  • USD
Stocks IG offers 13,000+ shares to trade or invest in, with more listed firms than nearly every competitor. The broker also excels for its zero commissions on US shares, while out-of-hours trading provides access to 70+ shares, plus popular ETFs and trusts, when the markets are closed.
Spreadbetting IG offers spread betting on 17,000+ markets, including currencies, indices, shares and commodities - more than almost every alternative. Notably, IG also offers spread bets on less commonly offered assets like IPOs, allowing experienced traders to diversify their portfolios. For casual traders, IG also offers the opportunity to spread bet on weekend markets – a terrific feature that we don’t come across often.
Risk Warning – Your Capital is at risk

IG Index is a trustworthy, FCA-regulated brokerage, dealing in CFDs, forex and shares. As one of the leading UK brands, IG Index offers a wide range of trading instruments and investment vehicles including ISAs and Smart Portfolios. This IG Index review unpacks the different products available. We also assess IG’s trading platforms and apps, investing fees, research tools, accounts, and minimum deposits.

IG Index is a top-rated trading platform in the UK. The award-winning brand offers significantly more instruments than competitors, alongside low fees and 24-hour customer support. With an excellent reputation and an intuitive platform, IG Index is a great option for both beginner traders and experienced investors.

Accounts

IG Index offers two trading accounts (CFD and Spread Betting) and two investment accounts (Share Dealing and Smart Portfolios). Premium/VIP accounts are also available for high-volume traders.

Trading Accounts

The trading accounts give you access to over 18,000 derivative markets across forex, commodities, indices and stocks.

We liked that both accounts offer hedging capabilities, negative balance protection, and access to state-of-the-art platforms. We also rated that minimum spreads in both accounts start from 0.6 points on major forex pairs, which is competitive.

In addition, our team were pleased to see that IG Index offers round-the-clock support, from 8:00 am on Saturday to 10:00 pm on Friday. Another useful bonus is that traders get free access to IG’s Trading Academy, catering to all skill levels.

We have broken down the key features and differences between the accounts below:

CFD Account

  • No stamp duty, but may be liable for capital gains tax
  • Direct Market Access (DMA) on shares
  • Hedge other assets in your portfolio
  • Commissions only on shares

Spread Betting Account

  • No capital gains tax or stamp duty
  • Out-of-hours trading available
  • Bet in chosen currency
  • Commission-free

Note, joint accounts are also available.

Investment Accounts

Investment accounts at IG Index offer an impressive list of 12,000+ shares, ETFs and investment trusts with the benefit of dividend adjustment payments on certain stocks. IG’s share dealing account and Smart Portfolios are available via the broker’s proprietary platform or dealing software.

Both accounts also give you the option to open an Individual Savings Account (ISA), which means you can benefit from tax-free investment gains of up to £20,000 per year. The best part is that you can open both an IG Index Smart Portfolio and a share dealing ISA, allowing you to move money freely between each account. Alternatively, set up a Self-Invested Personal Pension (SIPP) and save for retirement.

We also like that, unlike other competitors, you are permitted to withdraw money at any time for free.

One downside is that IG Markets does not offer Junior ISAs, unlike Interactive Investor or Bestinvest. With that said, our team were still pleased to see that each investment account comes with access to 24-hour support and IG’s team of investment experts.

Share Dealing Account

  • Self-directed investing in 12,000+ shares, ETFs and trusts
  • Proprietary platform and mobile app, and L2 Dealer
  • Out-of-hours trading available
  • £3 commission per UK share

Smart Portfolios Account

  • Fully managed investing in diverse portfolios (iShares ETFs from BlackRock)
  • Markets include government bonds, emerging markets and property
  • Average total fees of 0.72% (free for portfolios over £50,000)
  • Proprietary platform and mobile app

How To Open An IG Index Account

We found it quick and easy to open an IG Index account:

  1. Open the account registration form at IG Index
  2. Fill out your basic profile information and verify your nationality
  3. Choose which account/s you wish to open
  4. Complete the personal and financial details sections (you won’t need your bank details until after account creation)
  5. Fill out your current trading experience
  6. Agree to the terms and conditions and submit
  7. After receiving a confirmation email, you can access your live account and use your Windows app, desktop or mobile to login to your dashboard

Our team also appreciated that opening an account is free and there is no pressure to deposit funds until you are ready to trade.

How to register for an IG Group account

Payment Methods

Deposits

Deposits at IG Index can be made via a personal debit/credit card, PayPal or bank transfer. Non-UK cards will incur a charge of 1.5%. Deposits can also be made via the same options over the mobile apps.

Successful card payments are deposited immediately, whilst bank transfers can take up to 3 working days to process.

We were disappointed to see that there is a minimum deposit of £250 if you use bank cards and PayPal, which is quite steep when compared to CMC Markets which do not require a minimum. With that said, there is no minimum deposit for bank transfers at IG Index.

Maximum deposit limits depend on the method but start at £25,000 for PayPal.

Withdrawals

Withdrawals at IG Index are free and available via the same methods as deposits. Our experts found that there is a minimum withdrawal amount of £100 per day.

Withdrawals to cards are typically processed between 2 to 5 working days, whilst bank transfers have a turnaround time of up to 3 days. PayPal is usually processed immediately, or within 1 working day.

Note that withdrawals requiring a currency conversion will be subject to a 0.5% conversion charge. There is also a £15 fee for any same-day withdrawals less than £100.

Market Access

IG Index’s selection of markets is vast, with over 18,000 forex, commodities, shares, bonds, ETFs, IPOs and more. The offering is impressive vs other major players including CMC Markets (11,000+) and City Index (13,500+). In fact, it is difficult to match IG Index in terms of market access.

Popular instruments include:

  • Forex – Trade major forex pairs with IG Index’s CFD or spread betting accounts, including EUR/USD and USD/JPY, plus minors and exotics including EUR/CHF and USD/MXN.
  • Indices – Over 80 world indices, plus weekend trading available on key indices including FTSE100, Dow Jones and Nikkei 225. You can also gain exposure to IG Index’s volatile markets, including the Volatility Index (VIX) and EU Volatility Index (VSTOXX)
  • Commodities – Speculate on 35 commodities across precious metals, energies and agricultural markets such as Gold, Silver, Brent crude oil and sugar prices
  • Shares – Short-term trading or long-term investment on thousands of UK, US and international stocks including Apple and Tesla. Out-of-hours trading is also available
  • ETFs – Diversify your portfolio with over 5,000 ETF markets spanning indices, currencies, commodities and industry sectors. Popular ETFs include the iShares Core S&P 500 ETF and the Vanguard FTSE 100 UCTIS ETF. Thematic baskets are also available, including ESG stocks or cannabis stocks
  • Futures – Trade futures prices on indices, commodities and bonds via IG Index’s CFD or spread betting accounts
  • Options – Explore CFDs and spread bets on flexible forex, index and equity online options with daily, weekly, monthly or quarterly timeframes
  • IPOs – IG Index lets you trade pre-IPO, as well as during and after the IPO, with exposure via IG’s ‘grey market’, primary market, or secondary market. Interesting opportunities include ByteDance (TikTok) IPO and BrewDog IPO
  • Bonds – Trade on leveraged derivatives such as government bonds futures, or invest in bond ETFs tracking government or corporate bonds
  • Spot – IG Index offers almost all markets on the spot, including spot forex and commodities such as EUR/GBP, gold and natural gas, as well as cash indices such as Wall Street (DJI) and S&P 500 (SPX)

IG Index UK shares

IG Index Fees

IG are transparent about its trading fees, with all market information fully accessible on the website. All CFD and spread betting fees are reflected in the spreads, except for share CFDs where you only pay a commission.

You can expect minimum CFD spreads from 0.6 pips on major forex pairs and 1 point on major indices. When we used the platform, we were offered a spread of 0.9 points on EUR/USD. This is competitive since the minimum spread for the same pair at XTB is 0.8 pips, for example.

IG Index commissions on share CFDs are typically from 0.10% per side on UK and EU shares, and 2 cents per side on US shares. Again, this compares well with alternatives. Standard and mini lot sizes are also available on all CFD trades.

For spread bets, minimum bet sizes depend on the asset traded but range from 50p to £1 for currency pairs.

Our experts did find that a £12 monthly inactivity fee applies to accounts left inactive for 2 years or more, which is reasonable compared to other brands.

Other potential charges to be aware of at IG Index include overnight rollover charges, currency conversion fees, guaranteed stop premiums, and borrowing fees on shorting stocks.

Spreads at IG Index

Trading Platforms

Our team were impressed with IG’s wide selection of tools, making the broker more beginner-friendly vs similar brands such as Interactive Brokers and Plus500.

IG Index offers two proprietary platforms (a core online trading platform and the Progressive web app) and three specialist third-party platforms (ProRealTime, MetaTrader 4 and L2 Dealer).

IG Online Trading Platform

IG’s core web-based trading platform offers impressive customisation and analysis features, comparable with market leaders such as MetaTrader 4. When testing the platform, we found the interface clean, stable and easy to navigate. We like that you can use multiple workspaces whilst also carrying out actions easily in just a few clicks.

Compared to other proprietary platforms we use, the analysis tools within IG Index’s core platform are excellent. The platform comes with news and market analysis integrated from Twitter, Reuters and in-house analysts. The unique ‘IG Live’ feature is also a bonus for us, offering exclusive coverage of major events, live and on-demand.

Other key technical features include:

  • 32 technical indicators and 19 drawing tools
  • Trade directly from charts using Deal Ticket
  • Access spread bets, CFDs and share dealing
  • Four timeframes and five chart types
  • Custom automatic price alerts

IG Index online trading platform

Progressive Web App (PWA)

IG’s PWA platform is another browser-based system with additional access via a mobile app. The app allows global investors to trade seamlessly, while still offering the intuitive features found in the web platforms.

Like the web platform, IG Index’s PWA app is user-friendly with good functionality. The charting package is also comprehensive and customisable. The only downside is the lack of an integrated newsfeed and signals.

MetaTrader 4 (MT4)

IG Markets also offers the renowned MeTaTrader 4 platform, available to download for free, or as a web and mobile app. The platform’s charting capabilities are largely unmatched, with advanced custom technical indicators plus thousands of additional tools and robots within the online marketplace.

In addition to the standard package of MT4 indicators, IG Index provides six free indicators, including pivot points, as well as 12 add-ons including stealth orders and sentiment trader. An MT4 VPS is also available for those who meet minimum capital requirements. We would recommend this for active traders deploying intraday strategies.

The main downside is that you don’t get access to the Reuters live news feed or an economic calendar, which are only available on the other platforms at IG Index.

  • 30 built-in technical indicators, a range of drawing tools, plus 18 free add-ons from IG
  • Automated trading capability with Expert Advisors (EAs)
  • 9 chart timeframes, from 1 minute to 1 month
  • Analysis and alerts from Autochartist
  • Historical price data

ProRealTime

The ProRealTime platform at IG Index is ideal for technical, high-volume traders and is available to download onto PCs. The platform offers advanced automation capabilities where you can build your own algorithms. We also like that you can trade based on automatic trend lines, which are updated every 5 minutes with the ProRealTrend feature.

The platform also boasts an intuitive Options trading function which allows you to sort call and put options by specific criteria and compare scenarios across different prices.

Note that the platform is only free if you transact at least four times per month. Otherwise, there is a monthly charge of £30.

  • Integrates with IG Index’s trading platform
  • Fully customisable layout and chart views
  • 100+ technical indicators
  • Strategy backtesting
  • Pro-screener tool

L2 Dealer

The L2 Dealer downloadable platform is designed for advanced share dealing and CFDs. Traders get Direct Market Access and deep liquidity on forex and shares, plus OTC deals on a range of other markets including indices and commodities.

Automated trading is not facilitated, but you do get algorithmic orders, plus a vast range of professional order types including ‘Algo trades’, ‘tranche orders’ and ‘good till cancel’.

Note that this is a professional trader account with a £1,000 minimum balance requirement, so beginners are advised to use the IG core platform or MT4.

  • Smart order routing from Tier 1 banks
  • Access to cryptocurrencies
  • Watchlists and price alerts
  • Full market visibility
  • Bloomberg add-on

IG Index Mobile App

IG Index’s award-winning platform is also available as a free mobile app, available on iOS and Android devices including iPads and tablets. The app offers one-click dealing capabilities so you can open, monitor and close positions directly from charts. You can also edit positions including stops and limit orders in a few taps.

Overall, we found IG Index’s mobile interface clean and refined, with all major functions and markets easily accessible using the widgets. The broker has also received generally positive ratings on the iPhone App Store with customers noting the app’s ease of use, though there are some complaints regarding app glitches.

  • Trailing and guaranteed stops and advanced order types
  • Set push notifications for price alerts
  • Real-time pricing and market data
  • Integrated economic calendar

IG Index mobile app

UK Regulation

IG Group is regulated in all jurisdictions in which it operates. As a result, our experts are comfortable that the firm is legitimate and trustworthy.

IG Markets Ltd and IG Index Ltd are authorised and regulated by the UK’s Financial Conduct Authority (FCA) under license numbers 195355 and 114059, respectively. The FCA have strict requirements regarding client money and assets. This means client funds are strictly ring-fenced from creditors and held in segregated custodian bank accounts such as Barclays and Lloyds.

In the unlikely event that the company goes into liquidation, traders are entitled to up to £85,000 in compensation, as per the Financial Services Compensation Scheme (FSCS).

The broker is also legally required to offer negative balance protection to all retail traders, which means your IG account can never fall below zero.

Overall, our team are confident that IG clients receive the highest standards of financial protection.

Leverage

IG Index’s spread bets, CFDs and options are leveraged derivatives, meaning you can open a position worth more than what you deposit. The broker uses tiered margin levels, which differ per asset. Your platform will factor this in when you open a position.

Investors should note that gaining exposure to the markets in this manner can magnify your profits but can also lead to significant losses.

As per regulations set by the FCA, leverage ratios at IG Index are limited to 1:30 for retail traders or a 3.33% margin.

  • Commodities – 1:20
  • Indices – 1:20
  • Forex – 1:30
  • Shares – 1:5

Demo Account

We were pleased to see that free demo accounts are available on all IG Index retail platforms. You can sign up and login within minutes.

Demo accounts essentially simulate real market environments and allow you to practice trading without risking any capital. IG Index demos come with a pre-loaded virtual balance of £10,000.

Much of the functionality is the same, such as real-time quotes and advanced charts. With that said, trades made through demo mode are not subject to slippage, interest adjustments or out-of-hours pricing.

We liked that with the MT4 demo, you also get access to the same technical indicators and customisable add-ons that you would get in a live account.

IG Index simulator account dashboard

Research & Education

Trading education and market research resources are substantial. While using IG Index, we were impressed with the volume of training tools available for beginners, as well as experienced traders.

Notably, the IG Academy is an excellent resource centre, offering free online courses and a library of tutorial videos, webinars and seminars. Courses cover anything from financial market basics to trading options with CFDs. I also like that you can book free live sessions via the IG Index website.

The news section is vast and updated daily, with articles offering a good level of detail and analysis of the markets. Social media-savvy traders can also follow the broker’s market insights on Twitter, or sign up to ‘The Week Ahead’, a weekly calendar and expert analysis of upcoming events and price levels to watch. There are also special reports and guides on interesting or topical subjects, such as the psychology of trading.

For traders who want to learn on the go, IG Index offers a series of podcasts covering a range of topics, from common trading mistakes to investing in cannabis stocks.

Analysis Tools

IG Index’s classic platform comes with a trading analytics tool, where you can get a personalised trading report of your trades, including a breakdown of profit/loss ratios, win rates and costs of adjustments. I was impressed by the useful profit and loss chart summary, which helps you identify trading mistakes.

Our team was also pleased to see free trading signals on IG’s platform, which identifies buy and sell suggestions based on emerging chart patterns. Signals originate from two reputable third parties, Autochartist and PIA-First. The best part is that signals are accessible on both the mobile app and web platform, so you can get seamless trade insights from wherever you are.

In addition, we liked the selection of calendars, including economic, company reports, and dividends.  Overall, our team find that IG Index’s resources and trading analysis is superior vs competitors such as FXCM.

Company earnings calendar at IG Index

Company Details

Founded in 1974, IG Index Limited and IG Markets Limited are the brand names of IG Group Holdings PLC. The company’s headquarters is in London, though it also has 15 other locations around the world, including South Africa, Singapore, Australia and Germany.

IG Index has a strong presence and reputation as a financial services provider in the UK, being a FTSE 250 company with robust licensing from the FCA. The company is listed on the London Stock Exchange (ticker symbol: IGG).

The brand’s number of employees exceeds 2,500, who provide services to over 300,000 clients worldwide. The CEO is June Felix.

Trading Hours

IG Index offers some of the most accessible trading hours for major assets, with out-of-hours trading and weekend hours available on certain markets including EUR/USD and Germany 40 (DAX).

Specific trading hours for certain markets depend on the relevant exchange. The good news is, some forex trading is available around the clock since currencies can be traded in multiple locations.

For example, forex market opening times are 9:00 pm on Sunday to 9:59 pm on Friday (UK time). For indices, 24-hour dealing is available from 11:00 pm on Sundays to 10:00 pm on Fridays (UK time) for major indices such as FTSE 100 and NASDAQ.

IG Index will publish market holiday hours on the website.

Customer Support

Our team are always satisfied with the reliability of IG Index’s customer support and other reviews are also generally positive online. Problems are dealt with promptly via telephone, email, and live chat. When we test the live chat feature at IG Index, responses are typically received in 1 minute. The broker is available from 8:00 am to 6:00 pm (UK time) Monday to Friday.

IG Group’s UK contact details are:

  • Telephone number – 0800 195 3100
  • Email address– newaccountenquiries.uk@ig.com
  • Live chat – Located in the bottom right of the home page
  • IG Index social media accounts – Facebook, LinkedIn, Twitter, YouTube and Instagram
  • London office address – IG Group, Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA

Another excellent feature is the broker’s community forums, where you can find relevant support from other traders and IG Index staff. There is also a comprehensive FAQ section covering topics including how to withdraw funds, how to close an account or how to set rollover rules.

Safety

We are confident that traders will receive top-quality security protections on their client dashboards and trading accounts. IG Index uses industry-standard web security, including 256-bit SSL encryption on all transactions between servers and client accounts, and two-factor authentication upon login.

The broker also segregates client funds in Tier 1 custodian banks, so you can be assured that your funds are kept separate from the broker’s assets.

Should You Trade With IG Index?

IG Index is a solid spread betting, CFD and share dealing broker with a strong reputation and robust FCA licensing. With thousands of markets across forex, indices, commodities and shares, as well as Smart Portfolios and ISAs, our team are confident that investors will have no shortage of opportunities. In addition, beginners and experts alike can take advantage of the IG Academy and the vast range of market analysis tools.

FAQ

Who Are The IG Group?

IG Markets Ltd, IG Index Ltd and IG Trading and Investments Ltd are trade names of IG Group, a UK-based financial services provider offering spread betting, CFDs, share dealing and investment products. The company offers over 18,000 products across forex, indices, commodities, stocks, ETFs and more. The company’s head office is located in London.

Are IG Group Regulated?

IG Group and its associated trading names are regulated by the UK’s Financial Conduct Authority (FCA). This means the broker must adhere to strict client money and asset rules to protect customers, which includes using segregated accounts. Additionally, traders receive negative balance protection in all retail accounts and are entitled to compensation under the FSCS.

What Investment Products Are Available At IG?

IG offers two investment accounts: Share Dealing and Smart Portfolios. Share dealing is self-directed investing where you can buy and sell stocks outright, whilst Smart Portfolios are fully managed portfolios of ETFs. Both accounts give you the option to invest in an Individual Savings Account (ISA).

Is IG Index Good For Beginners?

IG Index’s vast asset selection, good choice of investment products and user-friendly platforms make the broker a best pick for beginners. There are plenty of educational resources within the IG Academy, including podcasts, live seminars, webinars, trading courses and a glossary with key trading terms explained.

Does IG Index Offer Low Trading Fees?

In most cases, IG Index’s fees are included in the spread. These charges apply to all CFD markets except shares. For example, average spreads for major currency pairs such as EUR/USD are around 1.04 pips. UK share CFDs are charged a 0.10% commission per side, whilst US shares cost 2 cents per share. Other applicable charges may include inactivity fees, guaranteed stop costs, or fees for rolling over positions. Overall though, IG Index offers relatively low fees compared to alternative brokers.

What Does DFB Mean At IG Index?

A Daily Funded Bed (DFB) is a term used in spread betting referring to an open position that remains open until you decide to close it. Interest adjustments are applied every day that the position remains open. A DFB has a long expiry date and therefore differs from a forward spread bet, which expires after a set time.

Is IG A Market Maker?

Yes, IG Index is a market maker brokerage, which means you deal directly with IG when you place trades over a dealing desk. This also means spreads are typically wider than at ECN brokers. With that said, access to deep liquidity pools and zero commission on most assets keeps spreads competitive at IG Index.

Article Sources

IG Website

IG Index FCA License

Compare IG Index with Other Brokers

These brokers are the most similar to IG Index:

  1. CMC Markets - Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage.
  2. Pepperstone - Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for traders at all levels.
  3. AvaTrade - AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

IG Index Feature Comparison

IG Index Compared With Similar Brokers
IG Index CMC Markets Pepperstone AvaTrade
Rating 4.4 4.7 4.8 4.9
Markets Forex, Stocks, Commodities Forex, Stocks, Commodities Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities
Minimum Deposit $0 $0 $0 $100
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Demo Account Yes Yes Yes Yes
Regulators FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM
Bonus - - - -
Education Yes Yes Yes Yes
Platforms MT4 MT4 MT4, MT5, cTrader MT4, MT5
Leverage 1:30 (Retail), 1:222 (Pro) 1:30 (Retail), 1:500 (Pro) 1:30 (Retail), 1:500 (Pro) 1:30 (Retail) 1:400 (Pro)
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Review IG Index
Review
CMC Markets
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Pepperstone
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AvaTrade
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Trading Instruments Comparison

Comparison of IG Index Trading Instruments
IG Index CMC Markets Pepperstone AvaTrade
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Crypto No No Yes No
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper Yes Yes Yes Yes
Silver Yes Yes Yes Yes
Corn No No Yes Yes
Futures Yes No No Yes
Options Yes No No Yes
ETFs Yes Yes Yes Yes
Bonds Yes Yes No Yes
Warrants Yes No No No
Spreadbetting Yes Yes Yes Yes
Volatility Index Yes Yes Yes Yes

IG Index vs Other Brokers

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Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.