IG Review 2026: Is This Forex Broker Safe?

IG is a forex and CFD broker established in 1974. According to WikiFX, IG has a WikiFX Score of 8.26 and an AAA influence rating, supported by several active regulatory licenses. However, the brokers profile is not risk-free: WikiFX also records revoked and unverified license statuses, one regulatory disclosure, and 43 user complaints in the past three months.

This review examines IGs regulation, user complaints, account conditions, platforms, and overall safety based strictly on the available WikiFX data.

Contents

01

Pros and Cons of IG

02

IG Regulation and License Safety

2.1

United Kingdom FCA Licenses

2.2

Singapore MAS License

2.3

Japan FSA License

2.4

United Arab Emirates DFSA License

2.5

Australia ASIC Licenses

2.6

New Zealand FMA Licenses

2.7

Germany BaFin License

2.8

United States NFA Record

2.9

South Africa FSCA Record

2.10

Regulatory Disclosure: Spain CNMV Warning

03

Real User Feedback and Complaints

04

IG Forex Trading Conditions and Fees

4.1

Leverage

4.2

Spreads

4.3

Platforms

4.4

Account Features

05

Final Verdict

Pros and Cons of IG

• ✅ Regulated by multiple financial authorities, including active licenses in the United Kingdom, Singapore, Japan, the United Arab Emirates, Australia, New Zealand, and Germany.
• ✅ Supports mainstream MT4 and MT5 trading platforms, plus a proprietary platform.
• ✅ Offers two account types: DMA account and Standard account.
• ✅ No minimum deposit requirement is listed.
• ✅ Allows EA trading, scalping, and hedging according to the account data.
• ❌ Some regulatory records are marked as revoked or unverified.
• ❌ WikiFX records one regulatory disclosure involving clone entities.
• ❌ User complaints are relatively high, with 43 complaints reported in the past three months.
• ❌ Several complaints describe withdrawal delays, account closure concerns, fund deductions, or added payment requirements.
• ❌ The reviewed platform experience is described as average, and the data notes missing safer login features such as two-step login and biometric authentication.

IG Regulation and License Safety

IG has a complex regulatory profile. On one hand, the broker has multiple licenses marked as “regulated.” On the other hand, WikiFX also lists several problematic statuses, including revoked and unverified records. This means traders should not judge IG only by the number of licenses; they should check which entity they are opening an account with and whether that entitys license is active.

United Kingdom FCA Licenses

WikiFX lists two active United Kingdom FCA records:

• IG MARKETS LIMITED — Regulation number: 195355, status: regulated.
• IG Index Limited — Regulation number: 114059, status: regulated.

The FCA is a major regulatory authority in the provided data. Active FCA supervision is a positive factor because it indicates that the listed entities are operating under a recognized financial regulatory framework.

Singapore MAS License

WikiFX lists IG ASIA PTE LTD under the Singapore MAS with the status regulated. The regulation number is marked as not disclosed in the data. This is still listed as an active regulatory record, but the absence of a published number in the dataset means traders should verify the exact licensed entity before opening an account.

Japan FSA License

WikiFX lists ＩＧ証券株式会社 under the Japan FSA with the status regulated. The regulation number is shown as 関東財務局長（金商）第255号. This active license is another positive part of IGs regulatory profile.

United Arab Emirates DFSA License

WikiFX lists IG Limited under the United Arab Emirates DFSA with the status regulated and regulation number F001780. This indicates an active regulatory record in the provided license data.

Australia ASIC Licenses

The ASIC records are mixed:

• IG MARKETS LIMITED — Regulation number: 000220440, status: revoked.
• IG AUSTRALIA PTY LTD — Regulation number: 515106, status: regulated.

This difference matters. A revoked record does not provide the same level of current regulatory assurance as an active license. Traders should therefore confirm that their account is opened under the actively regulated entity.

New Zealand FMA Licenses

The New Zealand FMA records are also mixed:

• IG MARKETS LIMITED — Regulation number: 18923, status: revoked.
• IG AUSTRALIA PTY LTD — Regulation number: 684191, status: regulated.

As with the Australia records, the active entity and the revoked entity should not be treated as equivalent.

Germany BaFin License

WikiFX lists IG Europe GmbH under Germany BaFin with the status regulated and regulation number 10148759. This is an active license in the provided data.

United States NFA Record

WikiFX lists TASTYFX LLC under the United States NFA with regulation number 0509630, but the status is unverified. An unverified status should be treated cautiously because it does not carry the same clarity as an active “regulated” status in the WikiFX dataset.

South Africa FSCA Record

WikiFX lists IG MARKETS SOUTH AFRICA LIMITED under South Africa FSCA with regulation number 41393, but the status is revoked. This is a negative factor in the regulatory profile.

Regulatory Disclosure: Spain CNMV Warning

WikiFX records one regulatory disclosure from Spains CNMV. The disclosure warns about clone entities using names and domains similar to IG-related branding and states that these clone entities are unrelated to the legally registered IG Europe GmbH Spain branch. The disclosure category is marked as unauthorized.

This does not mean every IG entity in the dataset is unauthorized. Rather, the warning highlights the need to verify the exact brand, domain, and licensed entity before depositing funds.

Real User Feedback and Complaints

WikiFX reports 43 complaints about IG in the past three months, and the submitted cases show several recurring concerns.

One 2025 complaint states that the user could no longer trade or withdraw from any trading account after a period of normal deposits and withdrawals. The user later claimed that a large amount of account funds was deducted after IG cited agreement violations and transaction errors. This case involves account access restrictions and fund withdrawal concerns; users have reported difficulties around account access and the IG login environment when trying to manage trading and withdrawals.

Another 2025 complaint claims that withdrawals were delayed and that the account was going to be closed while the user still could not withdraw. A separate 2025 case also alleges inability to withdraw funds, with the user saying the platform gave multiple reasons for not processing the withdrawal.

Several 2024 complaints describe users being asked to make additional payments before withdrawals could proceed. These alleged requirements included VIP upgrades, extra payments, tax-related charges, green-channel fees, exchange-rate payments, or account-unfreezing fees. In multiple reports, users said they could withdraw small amounts at first but were later blocked when attempting a larger or later withdrawal.

Another case describes a debit-card verification issue, where the user said they could not withdraw because the bank statement did not show the account holders name, preventing verification.

Overall, the complaint pattern is concentrated around withdrawal failure, added payment requests, account restrictions, and fund deductions. These are material risk signals even though IG also has multiple active regulatory licenses.

IG Forex Trading Conditions and Fees

IG offers trading in forex, precious metals, and CFDs according to the account information. The broker provides two account types: DMA account and Standard account. Both list no minimum deposit requirement and maximum leverage of 1:200.

Leverage

Both the DMA account and Standard account show a maximum leverage of 1:200. This level of leverage can increase trading flexibility, but it also increases risk exposure. Traders should use leverage conservatively, especially when trading volatile instruments such as forex, precious metals, and CFDs.

Spreads

The account data lists floating spreads:

• DMA account: average EUR/USD spread of 0.142.
• Standard account: EUR/USD from 0.6 pips and gold from 0.3 pips.

The Standard account provides simpler spread information, while the DMA account lists a lower average EUR/USD spread in the provided data. However, the dataset does not provide a complete commission schedule, so the total trading cost cannot be fully assessed from spreads alone.

Platforms

IG supports MT5, MT4, and a proprietary platform. The software review used MT5 and describes it as highly customizable, multilingual, with good search functions and clear fee reports. The platform also supports features such as custom charts, signal charts, EA trading, copy trading, simulated trading, and trading tools.

Traders can access the markets through the IG login on the supported mobile app environment and via the available MT4/MT5 platform setup. However, the WikiFX platform review notes that the experience is only average and that safer login features such as two-step login and biometric authentication are missing.

The available software data also states that mobile platforms are supported, while Windows, MacOS, Web, and other application types are not supported in the listed review summary.

Account Features

Both listed accounts support:

• No minimum deposit requirement.
• Minimum trade size listed as 0.1, or 0.01 on MT4.
• Hedging.
• Scalping.
• EA trading.

Cryptocurrency trading is not listed as available in the provided data.

Final Verdict

IG presents a mixed but important profile. The broker has a strong WikiFX Score of 8.26, an AAA influence rating, long operating history from 2001, and several active regulatory licenses across major jurisdictions in the provided data. These are meaningful strengths.

At the same time, traders should not ignore the risk indicators. WikiFX records revoked and unverified regulatory statuses, one CNMV disclosure involving clone entities, and a notable number of recent complaints. The user cases focus heavily on withdrawal problems, account restrictions, added payment demands, and fund deductions.

For cautious traders, IG may be worth further verification because of its active licenses, but account entity checks are essential. Confirm the exact licensed company name before depositing funds, avoid clone platforms, and review any withdrawal or account-verification requirements carefully.

To stay safe and view the latest regulatory certificates, check IG on the WikiFX App.