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IC Markets , IG Broker Comparison

Do you want to know which is the better broker between IC Markets and IG ?

In the table below, you can compare the features of IC Markets , IG side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
IC Markets
8.92
Regulated
Under guarantee
--
--
10-15 years
ASIC,CYSEC
Credit and Debit Cards,PayPal,Neteller,Skrill,UnionPay,USDT,Wire Transfer,FasaPay
AA
A
438.6
7
7
7
1998
1997
1998
A

EURUSD: 0.2

XAUUSD: 0.4

29
-10
29
AAA
7.77 USD/Lot
16.04 USD/Lot
AA

Long: -6.25

Short: 2.56

Long: -32.95

Short: 20.78

C
0.1
406.1
Standard,Raw Spread,cTrader
--
$200
1:1000
--
50.00
--
--
--
IG
8.49
Domestic Regulation
Under guarantee
Above 20 years
ASIC,FCA,FSA,NFA,AMF,FMA,MAS,DFSA
--
AAA
AAA
306.1
80
93
80
1977
1977
1110
B
--
--
--
--
A
7.38 USD/Lot
34.45 USD/Lot
AAA

Long: -2.56

Short: -3.26

Long: -4.38

Short: 0.56

AAA
0.2
28.3
Standard account,DMA account
Foreign exchange, precious metals, CFD
no minimum deposit requirement
200:1
EURUSD 0.6 Gold 0.3
0.00
floating
0.1,0.01(MT4)
--

IC Markets 、 IG BrokersRelevant information

IG BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of ic-markets, ig lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

ic-markets

Let's start here

IC Markets is a respected and well-regulated broker, providing a wide range of trading instruments, including over 2250 options, with competitive spreads starting at 0.0 pips. You can start with a demo account to gain experience, and opening a live account only requires a $200 deposit. They offer advanced trading platforms like MT4, MT5, and cTrader. Let's now delve into this IC Markets review.

Quick IC Markets Review in 10 Key Points
Registered in Australia
Regulated by ASIC, CYSEC
Founded in 2007
Trading instruments Forex pairs, commodities, stocks, cryptocurrencies, indices, bonds, futures
Minimum Initial Deposit $200
Maximum Leverage 1:500
Minimum spread 0.0 pips onwards
Trading platform MetaTrader4, MetaTrader5, cTrader
Deposit and withdrawal method Neteller, skrill, bank transfer, VISA, Mastercard, paypal, credit card, debit card, unionpay, poli, wire transfer, rapidpay, klarna
Customer Service Email, phone number, address

What type of broker is IC Markets?

Pros Cons
IC Markets offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' trades, IC Markets has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

IC Markets is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, IC Markets acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that IC Markets has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients.

What is IC Markets

IC Markets is an Australian-based online forex and CFD broker that provides traders access to the global financial markets. The company was founded in 2007 and is regulated by the Australian Securities and Investments Commission (ASIC). IC Markets offers a range of trading instruments, including forex, indices, commodities, and cryptocurrencies, and provides traders with advanced trading platforms such as MetaTrader 4, MetaTrader 5, and cTrader. The company also offers 24/7 customer support and a variety of educational resources for traders of all levels.

In the IC Markets review, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

basic-info

Is IC Market legit?

IC Markets maintains regulatory compliance in both Australia and Cyprus, adhering to the respective financial regulatory standards in these jurisdictions. Regulatory oversight by ASIC and CYSEC helps ensure transparency and accountability in the broker's operations, contributing to a safer trading environment for clients.

Regulated Country Regulated Authority Regulated Entity License Type License Number
ASIC INTERNATIONAL CAPITAL MARKETS PTY. LTD. Market Making(MM) 335692
CYSEC IC Markets (EU) Ltd Market Making(MM) 362/18

IC Markets' Australian entity, INTERNATIONAL CAPITAL MARKETS PTY. LTD., regulated by ASIC under license number 335692, holding a license for Market Making (MM).

regulation

IC Markets' enropean entity, IC Markets (EU) Ltd, regulated by CYSEC under regulatory number 362/18, holding a license for Maket Making ( MM) as well.

regulation

WikiFX's investigation team personally visited the registered address located at Omonoias, 141, The Maritime Centre, Block B, 1st floor, 3045, Limassol, Cyprus. Notably, the IC Markets logo was prominently displayed on billboards in the vicinity of the building. Hence, their visit to the location confirmed that IC Markets was indeed operating from the officially designated regulatory address.

regulation
regulation

Market instruments

Pros Cons
Over 2250 instruments available None mentioned
Opportunity to diversify investment portfolio
Access to multiple markets and assets

IC Markets offers a wide range of over 2250 instruments to trade, including forex pairs, commodities, stocks, cryptocurrencies, indices, bonds, and futures. This provides traders with the opportunity to diversify their investment portfolio and access multiple markets and assets. The company offers competitive spreads and low commissions on all instruments, making it a popular choice among traders. With such a diverse range of trading instruments, IC Markets caters to a wide range of trading strategies and investment goals.

products

IC Markets Minimum Deposit

IC Markets, a well-known forex broker, requires a minimum deposit of $200 for traders to open an account. In the industry, many established brokers frequently impose minimum deposit requirements that surpass $500 or even reach $1,000. In contrast, certain major players such as Avatrade and Aixtrader only mandate minimum deposits of $100 and $0, respectively. So, IC Markets's minimum deposit requirement seems to be in the “middle”.

Here is the comparison of IC Markets minimum deposit with Avatrade, Exness, and Axitrader:

Broker Minimum Deposit
label
$200
label
$100
label
$1 USD
label
$100

IC Markets Account Types

Pros Cons
Wide range of account types High minimum deposit requirement
Demo account available Standard account has wider spreads
Islamic account available Commission charged on some accounts
Different trading platforms Limited information on account features
Competitive spreads on some accounts

C Markets offers traders a range of account types with different trading platforms, commissions, and spreads. The CTrader and Raw spread accounts charge a commission of $3 and $3.5 respectively but offer spreads from 0.0 pips, while the Standard account has no commission but wider spreads from 0.6 pips. A demo account and Islamic account are also available. Although the minimum deposit of $200 may be high for some traders, the variety of account types and competitive spreads on some accounts may make up for it. However, traders should note that commissions are charged on all other accounts apart from the Standard account, and there is limited information on account features.

IC Markets Demo Account

IC Markets offers a free advanced demo account for beginner traders to practice on, which lasts for 30 days.

Users who open a demo account can enjoy the following features:

  • Access to Raw Pricing

  • Spreads Starting at 0.0 Pips

  • Fast Order Execution

  • Available on MT4, MT5 and cTrader platforms

However, demo accounts aim to mimic real markets but function in a simulated environment. This means there are significant differences compared to real accounts, including not relying on real-time market liquidity, encountering price delays, and having access to certain products that may not be tradable on live accounts.

Opening a demo account is simple:

Step 1: click the “Try a Free DEMO” button on the homepage of IC Markets.

open-account

Step 2: Fill in your personal info, including your country of residence, name, email, phone number to get a verification code.

open-acoount

Step 3: Choose to demo accounts on your preferrable trading platform, MT4, MT5, or cTrader. Then choose your account currency, virtual funds, starting from $200 to $5,000,000, your desired leverage level.

Step 4: Log into your demo account and start trading.

Spreads and commissions

Pros Cons
Low spreads starting from 0.0 pips Commissions may be higher than other brokers
Variety of account types to choose from High spreads on some account types
Transparent commission structure Some accounts require higher minimum deposits
No hidden fees or charges Some withdrawal methods may have fees
Scalping and hedging allowed Inactivity fees after 12 months of no activity

IC Markets is known for its tight spreads and low commissions, making it a popular choice among traders. The broker offers a variety of account types to choose from, including the Raw Spread account with spreads starting from 0.0 pips and a $3.5 commission per lot traded, and the Standard account with spreads starting from 0.6 pips and no commission. The cTrader account also offers low spreads starting from 0.0 pips, with a $3 commission per lot traded. It's important to note that while some account types may have higher commissions, the broker is transparent about its commission structure and there are no hidden fees or charges. The broker also allows scalping and hedging strategies. However, there are inactivity fees after 12 months of no activity. Additionally, some withdrawal methods may have fees.

spread-commission

Trading platforms

Pros Cons
Support for popular platforms: MetaTrader4, MetaTrader5, cTrader Limited selection of platforms
Variety of trading tools and indicators Limited customization options for cTrader
Advanced charting capabilities Steep learning curve for cTrader
Ability to use EAs and automate trading strategies MetaTrader4 and MetaTrader5 are similar, which can be confusing for some traders
Mobile trading apps available for all platforms

IC Markets offers its clients a variety of trading platforms, including the popular MetaTrader4 and MetaTrader5 platforms as well as the cTrader platform. Each platform offers unique advantages and disadvantages, and traders can choose the platform that best suits their needs. The MetaTrader4 and MetaTrader5 platforms are similar and offer a range of trading tools and indicators, as well as the ability to use Expert Advisors (EAs) and automate trading strategies. The cTrader platform, on the other hand, offers advanced charting capabilities and a variety of order types. However, it has a steeper learning curve and limited customization options compared to the MetaTrader4 and MetaTrader5 platforms. Additionally, traders should note that IC Markets has a limited selection of platforms compared to some other brokers in the industry. Overall, IC Markets offers a solid selection of trading platforms that should satisfy the needs of most traders.

trading-platform

Maximum leverage of IC Markets

Pros Cons
Allows for high potential profits with small capital Increases the potential for high losses with small capital
Provides traders with flexibility in trading Can lead to traders taking on more risk than they can handle
Can amplify the effectiveness of trading strategies Requires careful risk management to avoid excessive losses
Allows traders to access larger positions in the market May not be suitable for inexperienced traders
Enables diversification of investment opportunities High leverage may be restricted in certain jurisdictions due to regulatory restrictions.

IC Markets' maximum leverage offering of up to 1:500 can be beneficial for experienced traders who know how to manage their risks well. The high leverage can potentially magnify the profits of a successful trade, enabling traders to take advantage of larger positions in the market. However, it is crucial for traders to exercise caution when using high leverage as it also increases the potential for significant losses. Inexperienced traders may not be suited for high leverage as it requires a thorough understanding of risk management. It is important to note that certain jurisdictions may have regulatory restrictions on high leverage, and traders should comply with the relevant regulations.

Deposit and Withdrawal: methods and fees

Pros Cons
Various deposit options Intermediary and beneficiary fees for international bank wire transfers
Withdrawals are free of charge Withdrawal cut off time at 12:00 AEST/AEDT
Credit/debit card withdrawals are processed free of charge Withdrawal time may take up to 10 business days depending on bank
Instant withdrawal processing for Paypal/Neteller/Skrill Credit card withdrawals may not be available for all countries
Withdrawals must be made from same account as deposits
No additional fees charged by IC Markets for deposits and withdrawals

IC Markets offers a variety of deposit and withdrawal options, including neteller, skrill, bank transfer, VISA, Mastercard, paypal, credit card, debit card, unionpay, poli, wire transfer, rapidpay, and klarna. IC Markets does not charge any additional fees for deposits and withdrawals, however, additional fees may occur at some banking institutions. Withdrawal requests have a cut off time at 12:00 AEST/AEDT, and may take up to 10 business days to process depending on the bank. International bank wire transfers may take up to 14 days and incur additional intermediary and/or beneficiary fees. Credit/debit card withdrawals are processed free of charge and may take 3-5 business days to reach your credit card. Paypal/Neteller/Skrill withdrawals are processed instantly and free of charge, but must be made from the same account as the initial funds were sent from.

deposit-withdrawal

Educational resources in IC Markets

Pros Cons
Wide range of educational resources available, including economic calendar, market reports, video tutorials, and calculators. Some of the educational resources may not be suitable for beginners.
IC Markets' educational resources are updated regularly to ensure the information is relevant and up-to-date. The resources may be overwhelming for beginners due to the large amount of information available.
The glossary is useful for understanding forex terms and concepts. Some of the educational resources may require prior knowledge of forex trading.
The video tutorials cover a wide range of topics, from basic concepts to advanced strategies. IC Markets' educational resources may not be as comprehensive as some other brokers.
IC Markets' blogs provide insights into the forex market, which can be useful for making informed trading decisions. The educational resources may not be tailored to individual traders' needs.
The calculators are helpful tools for calculating risk, margin, and position size. The educational resources may not be as interactive as some other brokers.

IC Markets offers a comprehensive range of educational resources that cater to traders of all levels. These resources include an economic calendar, market reports, video tutorials, a glossary, blogs, and calculators. The educational resources are updated regularly to ensure the information is relevant and up-to-date. The glossary is particularly useful for understanding forex terms and concepts, while the video tutorials cover a wide range of topics, from basic concepts to advanced strategies. The blogs provide insights into the forex market, which can be useful for making informed trading decisions. The calculators are also helpful tools for calculating risk, margin, and position size. However, some of the educational resources may not be suitable for beginners and may require prior knowledge of forex trading. Additionally, the educational resources may not be as comprehensive or interactive as those offered by some other brokers.

You may also watch videos on their official YouTube channel. For example, this is a video named 7 Common Mistakes New Traders Make, which would be useful for newbies.

educational-resources

Customer service of IC Markets

Pros Cons
24/7 customer support available No live chat option for immediate assistance
Multiple ways to contact support (phone, email) Phone support may have international charges
Prompt response times to email inquiries

IC Markets provides a strong customer care dimension with 24/7 availability for customer support. Clients can reach out to the support team via phone or email, and can expect prompt response times to email inquiries. However, there is no live chat option available for immediate assistance, and phone support may have international charges, which could be a disadvantage for some clients. Overall, IC Markets provides a reliable and responsive customer support experience.

educational-resources

Conclusion

IC Markets is a reputable forex broker that offers traders a wide range of instruments, account types, and trading platforms to choose from. With low spreads, competitive commissions, and high leverage options of up to 1:500, traders can enjoy a flexible and customizable trading experience. The company's educational resources, including market reports, video tutorials, and a glossary, are extensive and informative, providing traders with valuable insights into the forex market. Additionally, IC Markets' customer support is available 24/7, ensuring that traders can always receive timely assistance. The company's variety of deposit and withdrawal methods also makes it easy for traders to manage their accounts efficiently. Overall, IC Markets is a reliable and trustworthy broker for both novice and experienced traders alike.

Frequently asked questions about IC Markets

  • Q1. What is the minimum deposit required to open an account with IC Markets?

  • A1. The minimum deposit required to open an account with IC Markets is $200.

  • Q2. What are the available deposit and withdrawal methods on IC Markets?

  • A2. IC Markets offers various deposit and withdrawal methods, including neteller, skrill, bank transfer, VISA, Mastercard, paypal, credit card, debit card, unionpay, poli, wire transfer, rapidpay, and klarna.

  • Q3. What trading platforms are available on IC Markets?

  • A3. IC Markets offers three trading platforms: MetaTrader4, MetaTrader5, and cTrader.

  • Q4. What is the maximum leverage offered by IC Markets?

  • A4. IC Markets offers a maximum leverage of up to 1:500.

  • Q5. Does IC Markets charge any additional fees for deposits and withdrawals?

  • A5. IC Markets does not charge any additional fees for deposits and withdrawals. However, additional fees may occur at some banking institutions.

  • Q6. What educational resources are available on IC Markets?

  • A6. IC Markets offers various educational resources, including an economic calendar, market reports, video tutorials, glossary, blogs, and calculators.

  • Q7. What is the customer support available on IC Markets?

  • A7. IC Markets offers 24/7 customer support via phone and email, and they have an online chat feature available during trading hours.

ig
Registered in United Kingdom
Regulatory status FCA, ASIC, FSA, NFA, FMA, MAS and DFSA
Year(s) of incorporation More than 20 years
Market instruments Currency pairs, indices, cryptocurrencies, stocks and commodities
Minimum initial deposit $0
Maximum leverage 1:200
Minimum spread 1 pips for EURUSD
Trading platform intuitive web platform, MetaTrader 4, L2 dealer and mobile apps
Deposit and withdrawal methods Credit/debit cards, bank transfer
Customer Service E-mail/phone number/address/live chat
Fraud allegations Yes

Here is an official video from the company.

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of IG

Pros:

  • Wide variety of markets and instrument options.

  • Intuitive and customizable trading platforms.

  • Access to advanced technical analysis and charting tools.

  • Multilingual, multi-channel customer service.

  • Demo account with virtual financing of $20,000.

  • There is no minimum deposit requirement for real accounts.

  • It offers leverage of up to 1:200.

Cons:

  • Fees and costs may not be clearly specified on the website.

  • Information on account types is limited.

  • There are not many educational resources available on the website.

  • The withdrawal of funds is not clearly specified.

  • The minimum transaction amount may be high for some markets.

  • No welcome bonuses or promotions are offered.

  • Credit card deposit fees can be high compared to other brokers.

What type of broker is IG?

Dimension Advantages Disadvantages
Broker Model IG offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' operations, IG has a potential conflict of interest that may lead to decisions that are not in the best interest of the clients.

IG is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, IG acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that IG has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with IG or any other MM broker.

General Information and Regulation

IG is a UK-registered company and regulated by multiple international financial bodies, including the FCA, ASIC, FSA, NFA, FMA, MAS and DFSA. It offers access to a wide variety of financial instruments, including currencies, indices, cryptocurrencies, stocks and commodities, with over 18,000 markets available. The company provides multiple trading platforms, including an intuitive web platform, MetaTrader 4, L2 dealer and mobile apps. It also offers multilingual customer support through various channels, including telephone, email, social media and online chat.

In the following article, we will analyze the characteristics of this broker in all its dimensions, offering you easy and well-organized information. If you are interested, read on.

Market instruments

Advantages Disadvantages
Wide variety of trading instruments Too many instruments can be overwhelming for some
Possibility to diversify the investment portfolio Increased knowledge and skill is required to operate
Opportunities to take advantage of different conditions There may be more risk due to exposure to different markets
Access to a wide range of international markets Increased complexity in position and risk management

IG offers access to more than 17,000 markets, including currencies, indices, cryptocurrencies, stocks and commodities. This dimension is an advantage for traders as it provides them with a wide variety of instruments to trade and allows them to diversify their investment portfolio. In addition, this wide selection of instruments allows traders to take advantage of different market conditions and opportunities. However, a possible disadvantage of this dimension is that it can be overwhelming for some traders, as it requires greater knowledge and skill to trade in different markets. In addition, exposure to different markets can increase the risk of a portfolio, requiring more complex position and risk management.

market instruments

Spreads and commissions for IG trading

Advantages Disadvantages
- Spreads are quite competitive. - Spreads can be viewed on the website. - There is not much information available on commissions. - Costs may be higher in less liquid markets or with lower trading volume.

In terms of costs, IG offers competitive and transparent spreads, with the average spread for EUR/USD being one pip. However, there is not much information available on commissions, which may create uncertainty for some traders. In addition, it is important to note that costs may be higher in less liquid markets or with lower trading volume. Overall, IG appears to offer a reasonable and competitive cost structure compared to other brokers.

trading costs

Trading accounts available at IG

IG's demo account is a very useful tool for beginner traders, as it allows them to trade in a safe and risk-free environment. With IG's virtual funding of $20,000, traders can practice and hone their trading skills without risking their capital. In addition, the IG demo account provides access to the trading platform and all the instruments and tools available in the live account, allowing traders to familiarize themselves with the platform and test different trading strategies. Overall, the IG demo account is an excellent tool for beginner traders to gain experience and confidence in trading before investing their own capital.

Advantages Disadvantages
No minimum deposit requirement Lack of detailed information on account types on the website
Single account for all customers It can be difficult for new customers to choose a suitable account without detailed information.
Access to all of IG's financial instruments

IG offers a single live account for its clients without a minimum deposit requirement. However, there is not much information available on their website about account details such as spreads, commissions and margin requirements. This can make it difficult for new clients to choose the account that best suits their needs and preferences.

account types

Operating platform offered by IG

Advantages Disadvantages
Easy-to-use intuitive web platform Web platform may be less customizable than other platforms
Offering MetaTrader 4, a popular and well-known platform MetaTrader 5, the latest version of the platform, is not offered.
L2 Dealer offers a wide range of advanced tools and functionalities for experienced traders. L2 Dealer can be more complicated for beginner traders
Mobile apps available for iOS and Android Mobile apps may be less customizable than the web platform
Wide selection of platforms to meet the needs of different types of traders No proprietary trading platform exclusive to IG is offered.

IG offers a variety of trading platforms to meet the needs of different types of traders. The web-based platform is intuitive and easy to use, although it may be less customizable than other platforms. They also offer MetaTrader 4, a popular and well-known platform in the forex industry. For experienced traders, L2 Dealer offers a wide range of advanced tools and functionalities. However, this platform can be more complicated for beginner traders. Mobile apps are available for iOS and Android, allowing traders to trade on the go. Overall, the selection of platforms offered by IG is an advantage for traders, although some may find the lack of an IG-exclusive trading platform a disadvantage.

trading platform

Maximum IG leverage

Advantages Disadvantages
Allows traders to increase their earning potential with limited capital Leverage also increases the risk of significant losses
Possibility of accessing larger markets without having to deposit large amounts of capital Novice traders may have difficulty understanding and managing leverage properly.
Opportunity to diversify the investment portfolio by trading in several markets with different levels of leverage Leverage can increase psychological pressure on traders, which can affect their decision making.
Facilitates the possibility of profiting from small market movements Traders can lose more than what they initially invested if they do not properly manage leverage and the associated risks.

As for the maximum leverage dimension at IG, the company offers a maximum leverage of up to 1:200. This means that traders can open positions that are 200 times larger than their available capital. Leverage can be a powerful tool for experienced traders, as it allows them to earn higher profits with limited capital. However, it can also significantly increase the risk of loss and it is important that traders fully understand the risks and limitations of leverage before using it. Overall, IG's maximum leverage is comparable to that of other online brokers and may be suitable for those seeking greater buying power in the market.

maximum leverage

Deposit and Withdrawal: methods and fees

Advantages Disadvantages
Wide variety of deposit methods No detailed information on withdrawals is provided
No minimum deposit required Commissions on credit card deposits
Free deposits with Visa and Mastercard debit cards There are no other methods such as skrill, neteller, perfect money, etcetera.
Bank transfers accepted

IG offers several methods for depositing funds, including debit and credit cards, as well as wire transfers to your HSBC and Standard Chartered Bank accounts. No minimum deposit is required and debit card deposits are free of charge. However, fees of 1% are charged on Visa deposits and 0.5% on Mastercard deposits. Unfortunately, there is no detailed information on withdrawal of funds, which may be a drawback for some customers. Overall, the variety of deposit options is positive, although the costs associated with credit card deposits should be carefully considered.

deposit and withdrawal

IG Education

Unlike other online brokers, IG seems to offer a limited amount of educational resources on its website. Although a news and analysis section can be found, as well as an economic calendar, there are not many online resources to help traders learn and improve their trading skills. It is important to note that despite this, IG has a long history and experience in the financial market, which can be of great help to experienced traders looking for a reliable and solid platform to conduct their trades. However, for new and inexperienced traders, they may need to seek additional educational resources elsewhere to enhance their understanding of the financial markets and develop effective trading skills.

IG Customer Service

Customer service is an important dimension for any business and in the case of IG, this company offers a variety of options for contacting them. Customers can communicate via phone, email, social media and online chat, which offers great flexibility and convenience for users. In addition, customer service is available in multiple languages, which is a great advantage for international customers. Overall, IG seems to have placed adequate emphasis on customer service, which is important to ensure customer satisfaction and maintain a good reputation in the financial market.

Conclusion

In conclusion, IG is a well-established and regulated trading platform that offers a wide variety of financial instruments, an intuitive web platform and access to MetaTrader 4 and L2 Dealer. Although its demo account offers generous virtual funding, information on live accounts is limited. Multilingual customer service is available through multiple channels. However, the lack of educational resources and limited information on withdrawals are areas where they could improve. Overall, IG is a solid choice for traders looking for a regulated platform with a wide selection of instruments and a reliable trading platform.

Frequently asked questions about IG

  • Question: What is the minimum deposit required to open an account with IG?

  • Answer: There is no minimum deposit requirement to open an account with IG.

  • Question: What deposit methods are accepted on IG?

  • Answer: IG accepts deposits through debit cards, credit cards and bank transfers.

  • Question: What is the maximum leverage offered by IG?

  • Answer: IG offers a maximum leverage of up to 1:200 on certain financial instruments.

  • Question: How can I contact IG customer service?

  • Answer: You can contact IG customer service by phone, email, online chat or social media.

  • Question: What trading platforms does IG offer?

  • Answer: IG offers an intuitive web platform, MetaTrader 4, L2 Dealer and mobile applications.

  • Question: What is the average spread for EUR/USD at IG?

  • Answer: The average spread for EUR/USD is one pip.

  • Question: Does IG offer educational resources for traders?

  • Answer: Although information on educational resources on IG's website is limited, they offer a variety of live webinars and educational content on their YouTube channel.

Are the transaction costs and expenses of ic-markets, ig lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive ic-markets and ig are, we first considered common fees for standard accounts. On ic-markets, the average spread for the EUR/USD currency pair is -- pips, while on ig the spread is EURUSD 0.6 Gold 0.3.

Which broker between ic-markets, ig is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

ic-markets is regulated by ASIC,CYSEC. ig is regulated by ASIC,FCA,FSA,NFA,AMF,FMA,MAS,DFSA.

Which broker between ic-markets, ig provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

ic-markets provides trading platform including Standard,Raw Spread,cTrader and trading variety including --. ig provides trading platform including Standard account,DMA account and trading variety including Foreign exchange, precious metals, CFD.

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