IG Broker Review

IG gives traders access to more than 10,000 global markets with thousands of tradable assets available. This makes it a leader within the binary options industry. while they do not offer any bonuses, they offer refer a friend reward schemes and they offer cutting edge software which is among the top performing in the industry, offering both web and mobile based platforms. Their customer service is also impressive, available 24 hours for clients’ convenience.

Intro

IG is one of the global leaders in the financial markets and offers spread betting as well as CFD trading across a wide range of markets. They offer an extensive range of additional investment products together with binary options trading. This huge brokerage company has plenty to offer, such as extensive an educational resource collection, impressive analytical data resources and a wide choice of trading platforms. Their client support service is available seven days per week in order to respond to any queries or problems. This binary options broker has over 150,000 clients worldwide and therefore they can be considered to be trustworthy and reputable.

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Company Information

IG has been part of the financial industry for more than 40 years and is an large brokerage service boasting over 150,000 clients around the world. Owned and operated by IG Markets Ltd, this company is based in the United Kingdom. With their truly global presence, IG boasts offices across fifteen different countries and has a net trading revenue of more than $400 million. This broker is FCA regulated for peace of mind and all client funds are kept in segregated accounts for even greater security. All of the transactions on their website are well protected using the latest SSL encryption technology and therefore clients are able to feel safe and secure when it comes to sharing their personal and financial data.

Assets Available

IG offer a large range of assets for trading across extensive markets including:

Currencies: 87

Commodities: 5

Indices: 26

Stocks: 6000+

When you opt to trade with IG you can access more than 10,000 worldwide markets.

Bonuses & VIP Programmes

IG offers no welcome bonuses, however they offer a refer a friend scheme which awards credits to clients which can be exchanged later for a cash reward. They have a premium level trading account too that offers more favourable trading conditions and this is aimed at higher volume investors.

Mobile

IG strongly focuses on allowing clients to trade in their preferred way, and as a lot of people now prefer to execute trades from mobile devices and do not want to be tied to their PC, they have developed a convenient platform that is entirely web based and which requires no installations or downloads in order to function. It can be accessed from all devices with an internet connection from anywhere in the world. The platform functions seamlessly and is very rapid for even faster trade execution. IG also offers mobile apps for both iOS and Android devices and these allow clients to access their account immediately from the palm of their hand, executing trades from their tablet or phone while on the go.

Deposits and Withdrawals

IG offers a surprisingly limited choice of payment options for depositing and withdrawing funds. These include:

• Visa
• MasterCard
• Bank transfer
• Maestro
• Prepaid Card

They do not offer e-Wallet options for any withdrawals or deposits, and this is quite unusual for a brokerage of such as large size.

Withdrawals are able to be actioned rapidly online and can either be made to a credit card or using bank transfer. Credit card withdrawals take about 3 days to process as do BACS payments. CHAPS payments generally are received within the same business day. Same day CHAPS sterling payments for amounts over £100 have no fee levied and neither do three day BACS withdrawals. Same day CHAPS sterling payments for less than £100 will attract a £15 fee as do all international payments.

Customer Support

The IG customer support team is able to be contacted in a number of ways including by:

• Live Chat
• Telephone helpline

Clients can contact the IG support team 24 hours a day between 8 am on a Sunday morning and 10 pm on a Friday evening. They can also be contacted between 9 am and 5 pm on Saturdays for the clients’ convenience.

The IG website also offers a comprehensive, helpful Frequently Asked Questions section so clients who have a simple query are not required to speak to a customer support representative but can instead search for a speedy response to their issue online.

Extra Features and Resources

IG has many resources and features which make them stand out from their competition. The educational resources section is impressive, with an introduction programme, webinars, seminars, glossaries and guides for clients to use to improve trading skills. IG offers a number of analytical tools too including market analysis, economic calendar, and a trading diary as well as the IG Live service.

Verdict

If you are considering opting for IG as your binary options broker of choice, there are several positive factors to consider, but there are also some disadvantages:

Pros

• Cutting edge trading software that is suitable for use by both experienced and novice traders
• 100% online trading interface requiring no installations or downloads
• Mobile trading app for both Android and iOS devices
• Instant customer support via the live chat facility
• 24 hour support from Sunday morning to Friday night
• Free educational resources for clients at all levels of experience
• Strong SSL encryption across the website
• FCA licensed and authorised for peace of mind
• Segregated client funds
• Fast withdrawals and deposits
• Market analysis and economic calendar
• Refer a friend bonuses are available
• Huge selection of assets
• 40 years of experience in the industry for extra reliability

Cons

• Does not accept clients from the USA
• No e-Wallets accepted
• No 24 hour support on Saturdays

FAQ

Can I trade with IG using my mobile device?

IG accommodates the needs of investors who want to use mobile devices such as smartphones and tablets for trading. As well as offering an innovate 100% internet based trading platform allowing for fast trade execution and rapid account access, IG also offer a mobile application for both Android and iOS gadgets and devices which enables excellent access from all locations worldwide to client trading accounts, which enables clients to take advantage of the existing market conditions at any time and from any location in the world.

Does IG offer demo accounts?

Demo accounts are a one of the best ways for potential clients to try out a broker’s trading platform and to see if they are making a good decision by choosing to use their service. IG offers a free demo account facility so potential;l clients can try their service. This is very useful, especially for those who are newcomers to binary options trading since they are able to get hands on trading experience, learning more about the basic skills of binary options without using their own money. More advanced investors are also able to benefit since they are able to experiment with using new strategies and techniques without any risk to their own funds.

Does it cost anything to register with IG?

The client does not have to pay a fee to register with IG, and there are no hidden charges to worry about.

Are my funds safe with IG?

When you opt for IG as your chosen binary options broker you are able to rest assured that your personal and financial data is in safe hands. IG is a licensed and regulated broker with the FCA so they are compliant with all current regulations. All client funds are segregated in separate accounts for additional security purposes in the event of financial crises, and their website is well protected by advanced SSL data encryption to effectively guard it against hacking and cyber crime.

Will IG help me to learn more about the financial markets?

IG offer a useful online educational resources centre which boasts an extensive selection of tutorials, glossaries, webinars, information and seminars which are geared towards new and advanced investors. The resources are able to help traders at all levels to expand their skills and knowledge and to develop their abilities so they can maximise their chances of their success in the financial market.

Does IG have a social media presence?

IG knows the importance of accessibility to clients and therefore they have a social media presence on several platforms including Facebook, Twitter, YouTube and Google+.

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