The FCA-regulated broker IG review for UK traders, which was founded in 1974 under the name IG Index, is one of the largest CFD and forex brokers in Europe. It boasts an impressive range of trading assets, robust platforms, and extensive educational resources. However, its customer service could be improved and the fees can be quite high.
IG offers both spread betting and CFD trading, meaning you can speculate on price movements without ever owning the underlying asset. The broker also offers a range of IG Smart Portfolios, which are managed, diversified portfolios that adjust to your risk appetite and long-term investing strategy.
IG Review for UK Traders: A Detailed Platform Analysis
Opening an account with IG is easy enough. You can do so via IG’s website or mobile app, where you will be asked to provide basic contact details and proof of identity. You will also have to agree to the terms and conditions. Once you have done so, a short financial aptitude test will follow. This is designed to ensure that you are aware of the risks involved in trading and can understand the potential implications of your decisions.
IG is suitable for both beginner investors and experienced traders alike. Its platform is intuitive and easy to use, while a free demo account allows you to practice before investing real money. In addition, IG offers a variety of deposit methods, hedging is possible, and the MT4 and ProRealTime platforms are equipped for automated trading and strategy backtesting. Finally, IG puts client funds in segregated accounts, which gives you peace of mind knowing that your investments are safe.