IG is an online trading platform or a forex broker with approximately 290 000 active traders. Established in 1974, IG allows CFD trading and spread betting in nearly 17000 markets. That means investors do not need to own underlying assets to bet on the currencies and bonds. The Forex and Indices Trading Market allows IG traders to use CFDs to trade indices, meaning they can speculate on the indices with increasing or decreasing value. Several factors make IG an ideal trading platform. Want to know some? Let’s jump right in.
User-friendliness
IG’s web and mobile trading platform have multiple features excellent for beginner and experienced investors. IG has two trading applications; MetaTrader 4 (MT4) and IG Trading, also called IG Forex. The trading app is well-designed with desirable features like alerts and advanced charts. These tools offer traders a wide range of benefits. Besides the tools, IG trading platforms are easy to use. They have all the necessary functions that make navigation easy. You can access news headlines, market analysis reports, or trading signals on the IG app. However, the platform does not have a predefined screener, making it hard to peruse IG’s products.
Security
Reviews reveal IG’s trust score as 99 out of 99. The platform has multiple regulatory licenses, including the Australian Securities & Investment Commission (ASIC) and Financial Conduct Authority (FCA). The organization is also publicly traded and operates a regulated bank. Plus, it holds clients’ funds in multiple banks. Experts recommend using a well-capitalized broker like IG to minimize counterparty risks. The company’s market capitalization in 2021 was about 3.19 billion pounds. Furthermore, the company has a great reputation after decades of existence. All these factors guarantee clients that their funds are safe with IG.
Learning Environment
One of the most attractive features of IG is its commitment to education. The platform is a leading educational content maker offering materials in formats like videos, articles, and webinars. It offers a variety of educational materials on its YouTube channel and DailyFX. In addition to the YouTube videos, you will enjoy IGTV videos featuring weekly podcasts. The educators also offer live sessions. IG Academy offers multiple courses with a dozen chapters for beginners and experienced traders. The courses incorporate researched articles, lesson summaries, and quizzes. Plus, they are interactive to ensure learners understand the coursework in-depth. The good thing is that IG has organized the content by experience level, making it easier to pinpoint what you want. Moreover, you can download IG’s user-friendly educational app for the best experience.
Trade Execution
With IG, you can perform a scalable execution regardless of your trading products. The platform’s Forex Direct accounts allow users to execute large orders. IG also offers tighter spreads. It is worth noting that CFDs are complex, and you take on high risks of losing your funds. Therefore, you need to consider your risk tolerance before trading on IG.
Conclusion
Overall, IG is an excellent broker offering an incredible experience to traders. The platform offers users a comprehensive trading package with brilliant features. It is also a safe choice as it holds multiple regulatory licenses. In addition, you will find numerous educational content on IG’s site to help you understand CFDs and Forex trading.
