Forums » Off-Topic Discussions

Back To Topics

IG Group Review

  • freeamfva jack
    • 3250 posts
     
    February 16, 2023 1:03 AM EST

    IG Group Review

    IG Group was founded in 1974 by an investor named Stuart Wheeler. At the time, Wheeler named his company “IG Index,” short for “Investors Gold Index.” IG Index was originally a company that let investors trade gold indices, as opposed to physically buying the gold itself. In 2000, IG was renamed, and it has grown to become quite a trading powerhouse, bringing in nearly $650 million in revenue a year.To get more news about ig review, you can visit wikifx.com official website.

    IG Group is headquartered in London, England. It allows traders to trade derivatives—namely, CFDs. According to IG Group, it is the number-one provider of CFDs in the world, operating in more than seventeen countries. Investors can access more than 17,000 financial markets.

    IG has a market capitalization of over $3 billion. There are 239,600 clients worldwide, and it counts 1,921 staff members across the world. IG has its pros, cons, and quirks, just like every investor. The benefits and drawbacks are discussed briefly below, and in depth further throughout this review.
    A lot of brokers, particularly those who trade CFDs, don’t accept American clients, but IG Group does. American clients do not get account protection, nor do they get guaranteed stop losses, but they can trade with IG, so that’s a big “pro.”

    Another positive feature of IG is the fact that it has a well-reputed global presence. The company has won awards for its quality, and it is a sponsor of events such as the Santos Tour Down Under, and teams like the Getafe CF football club, Team Sky cycling team, and Harlequin rugby team. Trading CFDs is a risky business, but having a reputable, well-known broker like IG makes it easier.

    Thirdly, IG offers a lot of trading products to interested buyers. It is a CFD broker, so that asset category is limited, but the products within the category are not. IG Group has over sixteen-thousand tradable assets.
    Why These Cons

    Though IG labels its fees “competitive,” a few are on the higher end. Trade spreads start from 0.4 points on pairs like EUR/USD. The minimum fees for stock CFD trading are $15 (10GBP). Other than the stock fees, the CFD fees are about average with other brokers. Thirdly, there is a $250 account minimum, which is high compared to certain other companies. At other brokers, like Finq.com and AvaTrade, the account minimum is $100.

    Trading CFDs is not for the inexperienced, but, if you are new to the game, don’t worry, as IG Group has a lot of educational resources for you, including the “IG Academy.” It is suitable for advanced traders as well, though novices will likely find its educational videos, trading platform tutorial, and demo account most helpful.
    IG Group knows that American traders are use its platform solely for the Forex. So, it has made that category as wide-ranging as possible, the selection is unparalleled by other trading platforms in the industry. You can trade more than eighty currency pairs with IG. The currency pairs are sorted under six different categories: Minors, Majors, Emerging Markets, Exotic, Australasian, and Scandinavian.

    The trading platform, in addition to its extensive Forex market, also offers more than 16,000 assets to trade, including interest rates, options, ETFs, industry sectors, bonds, commodities, Crypto, shares, and indices. The product range is one of IG’s most well-liked features.

    Educational Tools
    One review site said that IG Group’s educational tools far surpassed anything that they had seen before. These tools include a trader’s library and the aforementioned IG Academy. IG Academy aims to teach beginners all they need to know. While advanced traders likely won’t click on IG Academy, they will find IG Group’s advanced trading strategy articles helpful. There are webinars on the site that cover everything from upcoming trade opportunities to a basic platform walk-through.

    Platform Choices
    Speaking of platforms, there are several available with this broker, including: MetaTrader 4 (MT4), Mobile Apps, APIs, and ProRealTime. Within these platforms, you can also access algorithmic trading and trading signals.