Overview of IG's Online Trading Platform
IG is a global leader in online trading, providing access to thousands of financial markets worldwide. IG offers a wide range of features and services on its trading platform, including powerful charting tools, advanced analytics, portfolio management, and even copy-trading. Clients at IG can trade stocks, forex, options, futures, derivatives, and more with tight spreads and low commissions. Their award-winning web platform provides traders with real-time account data and market news updates as well as full account management capabilities.
Features and Benefits of Trading on IG
| User-friendly interface: | IG's platform is designed to be intuitive and easy to use, whether you're a beginner or an experienced trader. The platform features a comprehensive range of order types, charting tools, advanced analytics, and customizable watchlists. |
| Market breadth: | With access to over 17,000 markets across the globe, clients at IG can trade the major asset classes from one account. This includes stocks from around the world as well as forex pairs and other derivatives. |
| Low commissions: | IG offers some of the lowest commissions in the industry for both stock trading and options trading. For traders who want even lower fees, they offer an active trader program that reduces commission costs further. |
| Flexible platforms: | Whether you prefer web-based trading or mobile trading, IG allows you to access its platform from any device. They also provide the ability for clients to customize their platform with more than 80 add-ons. |
| Professional support: | IG provides personalized customer service and 24/7 technical support to its clients. Their dedicated team of experts is on call to help with any questions traders may have about the platform or markets. |
Account Opening Process
Signing up for an IG account is quick and easy. New clients will be able to choose between individual or joint accounts depending on their needs. All accounts come preloaded with $50 in virtual funds to practice trading, and the process is completed within minutes. Clients can also select their preferred asset classes as well as leverage levels.
Trading Platform Usability
The IG web platform has a modern design and intuitive interface that is easy to navigate for both novice and experienced traders. The platform’s advanced charting capabilities include indicators, drawing tools, and customizable templates. Additionally, clients have access to live market news streams from Reuters as well as real-time account data on the same screen.
Tutorials and Support Offered by IG
Clients at IG can access an extensive library of educational videos, tutorials, and articles to help them become more proficient traders. Additionally, the broker offers customer support services 24 hours a day, 5 days a week.
Fees and Commission Rates on IG Trades
The commissions charged by IG vary depending on the asset class being traded. For stock trading, clients can expect to pay a minimum commission of 0.10% per trade or USD 5, whichever is greater. Meanwhile, options traders will be charged a base fee of USD 1 per contract plus an additional fee based on the option premium.
Security and Safety Considerations When Using the IG Platform
IG takes several measures to ensure the safety of their client’s funds and personal information. All client information is encrypted using state-of-the-art encryption technologies, and all deposits are held in segregated accounts in trusted financial institutions. The broker is also regulated by the Financial Conduct Authority (FCA) in the UK and other regulatory bodies around the world.
Tips for successful trading on IG Platform
- Utilize the educational resources provided by IG to become more familiar with the markets and trading strategies.
- Make sure to set realistic expectations for potential returns when trading on the platform.
- Take advantage of risk management tools like stop losses and limit orders to help manage your trades.
- Monitor the markets closely and have a plan in place before placing any trades.
- Stay up to date on market news and events that may affect the prices of assets you are trading.
- Don’t be afraid to take calculated risks when trading, but always make sure to do your research first!
How to Make Deposits and Withdrawals on the IG Online Trading Platform?
Deposits and withdrawals on the IG online trading platform can be made via credit/debit card, bank wire transfer, or ACH for US clients. All deposits are credited to the client’s account instantly and withdrawals are processed within 24 hours. For more information regarding deposit methods and withdrawal times, please refer to the broker’s website.
Review Summary
| Pros | Cons |
|---|---|
| • Advanced charting capabilities | • Limited range of markets available |
| • Comprehensive market news and analysis | • High margin requirements for certain products |
| • Risk management tools | |
| • Multiple trading platforms | |
| • Extensive educational resources | |
| • Fast and reliable order execution |
Summary
IG offers a comprehensive online trading experience that can meet the needs of both novice and professional traders alike. The robust features, low commissions, and global market breadth make it an attractive option for those looking to trade a wide variety of financial instruments. Furthermore, IG's customer service and technical support are top notch ensuring that all clients have a positive experience with the platform. With that said, it is important for traders to understand the risks associated with trading and to make sure they are following sound risk management principles when using IG's services.