IG Account Opening | How to Open IG Account

 

Pros

Cons

  • Islamic account option
  • Demo account option
  • Fully digital account opening process
  • No minimum deposits for bank transfers
  • Pro account option
  • None

Introduction

IG is one of the biggest forex and CFD brokers in the industry with over 45 years of experience since 1974 and about 239,000 clients worldwide. It has a long tracking record and is regulated by top-tier financial authorities like FCA, the Financial Conduct Authority in the UK. It also has over 17,000 products for trading including forex, CFDs, ETFs, commodities, and more. With free withdrawals and deposits, IG becomes one of the best choices for you to start trading on.

Countries Available

IG is available in over 70 countries around the world including the USA, UK, and Australia.

There are some limitations on some countries. For example, you can not open an IG account if you’re resident in North Korea.

IG (Not) Available Countries

Albania

Algeria

American Sama

Andrra

Anguilla

Antarctica

Antigua And Barbuda

Argentina

Armenia

Aruba

Australia

Austria

Azerbaijan

Bahamas

Bahrain

Bangladesh

Barbados

Belarus

Belgium

Belize

Benin

Bhutan

Bolivia

Bosnia And Herzegovina

Botswana

Brazil

British Indian ocean Territory

British Virgin Islands

Brunei

Burkina

Burundi

Cameron

Cape Verde

Cayman Islands

Chile

Christmas Island

Ccs Islands

Clmbia

Ck Islands

Costa Rica

Croatia

Cyprus

Czech Republic

Denmark

Djibouti

Dominica

Dminican Republic

East Timor

Ecuador

Egypt

El Salvador

Estonia

Faroe Islands

Falkland Islands

Fiji

Finland

France

French Guiana

French Plynesia

French

Southern

Territories

Gabn

Gambia

Georgia

Germany

Ghana

Gibraltar

Greece

Greenland

Grenada

Guadalupe

Guam

Guatemala

Guernsey

Guinea-Bissau

 

Account Types

IG only provides one account option for all traders. This account has the following features as the table shows below.

IG CFD Account

 

CFD Account

Demo Account

Yes

Spread

Tight spreads

Commissions

For certain markets only

Min deposit

$0

Negative Balance Protection

No

Base Currencies

GBP, EUR, AUD, CAD, CHF,

USD, NZD, SGD, PLN, DKK,

NOK, SEK, HKD, ZAR, JPY

Islamic account option

Yes

Dormancy Fees

Yes

Note:

  • In addition to the previous types, there’s an islamic account option for those who live in amuslim country.

IG – Account comparison

IG also provides a demo account with 0 fees if you want to experience the trading platform with no risk.

There’s an option to join the IG affiliate partner program if you want as well.

Min Deposit

IG offers a minimum deposit of $0 for its accounts when using bank transfers. For credit/ debit cards and PayPal, the minimum deposit is $300/€300/£250 according to your account base currency.

How to Open Account

IG will confirm a time convenient for you and the whole process should not take more than 10 minutes.

Please note that this service is only available to clients who can provide a passport or an identity card which is machine-readable.

You can open an IG account in minutes through these steps:

  1. Enter your name, email, and country of residence.
  2. Add your phone number and other contact information like your address.
  3. Add you financial information (i.e., employment, income, savant, etc.)
  4. Answer some questions about your trading experience.
  5. Provide proof of your identity and the country of residence.
  6. Fund your account and start trading.

IG – Account opening

IG Account Opening | How to Open IG Account

Notes:

  • Due also to the requirements of the regulatory bodies that supervise IG, it is necessary that in order to operate with your account you send them a proof that proves your identity and another proof that proves your current address :
  • Identity document : You must send a copy of your ID, your passport or driving license . It has to be an official document that clearly shows your identity and that it is valid (the document you send cannot be expired). You can scan any of these documents and send it in PDF, JPG, GIF, or take a photo with your mobile if it is more comfortable for you. In any case, the image must have good quality and be completely readable, otherwise it may give you problems to verify it.
  • Proof of address : This is to send a document that shows your current address . You will have to send a recent utility bill (not exceeding 3 months) for electricity, water, gas, landline or Internet (many brokers do not accept, for example, mobile phone bills). You can scan and send it in PDF, JPG, GIF, or take a photo with your mobile. Like the previous document, all the data must be legible and have sufficient quality.

FAQs

  1. How long does it take to verify my account?
  • It takes about 2 to 3 business days to verify your IG account.
  1. Does IG give cash rebates?
  • Yes. For pro traders only.
  1. Can I open more than one trading account?
  • Yes. You can open another account by Simply logging in to My IG. Click one of the ‘add an account’ links on the dashboard and then choose the account you want from the pop-up.
  1. Does IG allow bot trading?
  • Yes, IG allows you to use trading bots in order to trade on behalf of you.
  1. Does IG provide a mini account?
  • Yes, it does provide a mini account with lower values for trading.
  1. Does IG give a bonus?
  • Unfortunately, IG does not provide any bonuses or promotions.
  1. Does IG allow scalping and hedging?
  • IG does allow scalping, but on the other hand it does not allow hedging.
  1. Can someone else trade on my behalf on IG?
  • Yes. You can allow someone else to trade on your CFD account by granting them power of attorney (POA).
  • The person you nominate must also hold an account with us. If they don’t already, they can apply online.
  • You can email the completed form to helpdesk.en@ig.com. IG aims to have the POA set up on the same day as received it, however it can take longer. Ensure all information has been filled out on the form, as this will help prevent delays.
  1. How to enable the swap-free option in my account?
  • By emailing IG at helpdesk.ae@ig.com with instructions to do so. IG will email you back once this has been done.
  1. How do I login using the MT4 mobile platform?
  • Steps:

1. Go to ‘Settings’

2. Click on ‘Manage Accounts’ or ‘Settings’

3. Then click on the small plus sign or select ‘New Account’

4. Then select ‘Log in to an existing account’

5. Search for the broker name

6. Select the server your account was set up on

7. Enter your login credentials and password

8. Click on ‘Sign In’

  1. Why can’t I see all IG markets on MT4?
  • MT4 is limited as to how many markets it can show. Currently, IG shows forex, indices and some commodities, with a view to expand on these soon. To make sure you have the most up to date product offering, all you need to do is right click in the ‘marketwatch’ window and then select ‘show all.’
  1. When will my demo account expire?
  • After 2 months.
  1. When trading forex, will you lose more than your initial deposit?
  • Yes. All trading involves risk. Losses can exceed deposits.
  1. Can I login to more than one account from the same computer?
  • Yes, you can do such a thing by using the MT4 Multi Terminal.
  1. Can I login to the same account through different devices?
  • Yes, you can login to the MetaTrader 4 platform using the same password and username through different devices.

 



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