- يونيو 27, 2021
- Posted by: ForexTradeOn
- Category: IG forex Broker review
Pros |
Cons |
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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.
Trading Products
IG Markets provides a variety of trading options with over 17,000 trading instruments including forex, CFDs, ETFs, bonds, commodities, cryptocurrencies, futures, metals, and energies.
IG Markets also supports Bot Trading which you can use in case you want a robot which can trade on your behalf.
Forex
IG has about 206 currency pairs including pairs like AUD/ USD.
Indices
IG has about 78 indices including instruments like FTSE 100.
Metals
IG has about 6 metals including instruments like Gold and Silver.
Softs
IG has about 21 softs options including instruments like Cocoa London.
Energies
IG has about 7 cryptocurrency options including energies like Oil – Brent Crude.
Disclaimer: CFDs have a high risk of losing money rapidly. 79% of retail investor accounts lose money due to leverage when trading CFDs with this provider. CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules.
Learn more about CFDs for muslims.
IG Offering of Investments
Product |
Number of Products |
Currency Pairs |
205 |
Stock Index CFDs |
78 |
Metals |
6 |
Softs |
21 |
Commodities |
47 |
Bond CFDs |
13 |
Stock CFDs |
10,500 |
ETFs |
2,000 |
Energies |
7 |
On the negative side, IG does not offer all of the trading options for all users. As you see in the table below, for the USA clients, only forex is available for trading while other countries can trade on forex and CFDs.
IG – Countries VS Products
Countries |
Products |
All countries, except below |
Forex, CFD |
Austria, Denmark, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Romania, Sweden |
Forex, CFD, Options |
UK*, Ireland, Malta, Cyprus, Australia + some smaller countries, like Gibraltar, the British Virgin Islands, etc. |
Forex, CFDs, Stocks |
USA |
Forex |
Note:
The FCA bans crypto trading for the UK retail customers from 6th of Jan 2021.
FAQs
- Does IG allow bot trading?
- Yes, IG allows you to use trading bots in order to trade on behalf of you.
- Does IG allow scalping and hedging?
- IG does allow scalping, but on the other hand it does not allow hedging.
- 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.’
- When trading forex, will you lose more than your initial deposit?
- Yes. All trading involves risk. Losses can exceed deposits.