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IG Review 2022
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IG Review 2022
In 1974, IG was founded in the UK, and it is considered one of the largest CFD brokers around the world. IG has been regulated by several top-tier regulators globally, like the UK’s FCA (financial conduct authority) and Germans BaFin (federal financial supervisory authority). Moreover, the IG group has been listed on the London stock exchange, and it is considered one of the most popular platforms for trading with CFDs in Europe. Besides, this company expanded its operations recently in the United States, and it offers a wide choice of foreign exchange assets for users who are looking for FX trading. Given its popularity and ability to fulfill traders’ needs, we decided to conduct the IG review to find if it is the right fit for online trading. Let us understand the IG broker review in detail.To get more news about IG Pros and Cons, you can visit wikifx.com official website.
What is IG?
IG trading is a leader in European foreign exchange trading. After gaining a reputation as being one of the best UK forex brokers also, this broker offers users access to industry-standard platforms with margin and cost accounts. This will help the traders leverage their deposits to earn a much bigger profit when executing the trades.
This online broker offers its users a quick search feature, which allows them to look for a specific currency by a symbol or name. IG supports various order types that range from market orders to trailing stop orders. It also offers a wide choice of several charting tools and indicators for intermediate traders; the traders can place several annotations and indicators in a single chart.
IG broker has been awarded several awards, which includes Forex brokers annual review 2020, Investopedia online brokers award 2019, and it is ranked as one of the best overall forex brokers and ranked best in overall futures broker in several categories.
Risk Warning – CFDs are complex instruments and come with a high risk of losing money because of leverage; 76% of the retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how this works, and you can afford to take the high risk of losing your money.
IG comes with an array of several features, and the traders can use it at their convenience. It also offers several trading and research tools, which include risk management models that are directly integrated. The only requirement is you need to take around 20 minutes to set up the layout, and the user can save the custom layouts for easy access.
By accessing the IG website, the trader can find information on the IG Twitter feed, news, market signals, webinars, and IG economic calendar. Besides, IG also owns a free online forex news website called DailyFX, offered to the traders. They can access the sites and find webinars, educational resources, and articles to learn more about trading in Forex.
As per our IG reviews, we can say that it provides an award-winning mobile application for iPad, iPod touch, iPhone, and Android app for devices with an operating system of 5.0 and above. Trade management can be possible from the mobile app, which offers several drawing tools, technical indicators, an economic calendar, and charting tools. Traders can also set up signals and price alerts using SMS and create personalized watchlists.
IG’s mobile apps are loaded with drawing tools, technical indicators, and timeframes, and they can also select from five different chart types, which include tick charts. The trader can access the menu and can set up the charts very easily. One of the major drawbacks is that the chart indicators that are added on the web do not sync with the mobile automatically, even though they can be saved.
As per our IG review, the educational section of this broker is known as IG academy. This course is broken down as per the broker’s experience, such as beginner, intermediate, and advanced level topics. Moreover, there are a total of eight courses, and the first course starts with an introduction to the financial markets. Some of the other topics include fundamental analysis, understanding risks, trading psychology, and several more. Although find more about various best forex brokers in detail to know their services and features, and if you are looking for country-specific you can visit our best trading platform Malaysia where we have it covered.
IG is the best broker for any user who wants to trade CFDs globally. In the United States, we can use this platform to trade Forex and Shares. It offers low spread costs, great customer service and educational tools, and a functional user interface that makes IG an established broker in the online trading market. Also, it is holding a good position in other countries; if you want the list of best forex broker Australia and the list of best forex broker in USA for more details, you can check it out.
This broker offers a wide range of assets for cryptocurrency markets, where the trader can trade by using CFDs. This removes the need for traders for setting up special wallets or accounts at a cryptocurrency exchange. It offers various unique features, and cryptocurrency instruments, which implies that it can be speculated just like any other financial asset.
This broker offers two-factor authentication for enhanced security. Besides, traders can enable alert notifications for price movements on their desktop. It also offers a wide range of platform tools, workspace tools, and cutting tools. This broker tops the charts for easy usability.
Risk Warning – CFDs are complex instruments and come with a high risk of losing money because of leverage; 76% of the retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how this works, and you can afford to take the high risk of losing your money.