IG is a Clear Global Leader in the CFD Trading Market | Tech Behind It (2024)

In Short:

1. Diverse Market Coverage: IG offers CFD trading across various financial instruments, including shares, commodities, forex, and indices, allowing for portfolio diversification.
2. Stringent Regulation: With regulation by 17 national authorities, including FCA, ASIC, CFTC, and FSCA, IG ensures compliance and protection of investors’ funds.
3. Comprehensive Support and Tools: IG provides transparent pricing, multiple trading platforms, educational resources through IG Academy, and round-the-clock customer support, making it a top choice for CFD trading.

The Contract for Difference (CFD) trading market is a financial market where traders speculate on the price movements of various financial instruments without actually owning the underlying assets. CFDs are derivative products that enable traders to profit from asset price fluctuations such as stocks, indices, currencies, commodities, and cryptocurrencies.

7 Points To show that IG is Global leader in CFD trading market

Here are a few points that show that IG is a clear global leader in the CFD trading market.

Multiple Financial Instruments

A good broker offers trading with CFDs with multiple financial instruments like currencies, shares, indices, commodities, and more. This allows traders to diversify their portfolios and not just profit from a single financial instrument or market.

IG offers CFD trading in the following markets: shares, commodities, forex, indices and more.

Regulation and Compliance

A good broker operates under the regulations of a reputable financial authority such as the Financial Sector Conduct Authority (FSCA) in South Africa. Regulation ensures that the broker follows strict guidelines to protect investors’ funds and maintain market integrity.

IG is regulated by 17 national authorities, including the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC), the Monetary Authority of Singapore (MAS), the Financial Sector Conduct Authority (FSCA), and many more.

Security of Funds

A reputable broker segregates their clients’ funds from its operational capital. This separation protects clients’ funds, even during the broker’s insolvency.

IG secures its clients’ funds in several ways. The money is held in segregated client bank accounts at registered banks and never merged with IG’s money. The money is ring-fenced from creditors in the unlikely event that IG is liquidated and a custodian in segregated client asset accounts holds the client’s assets.

Transparent Pricing and Fees

A good broker provides transparent pricing and clearly outlines all associated fees. Traders should have access to competitive spreads and minimal commissions.

IG offers free accounts with no minimum deposit requirements and has low trading fees. They are upfront about the costs, and their CFD trading account is commission-free.

Trading Platforms and Tools

A good broker provides multiple trading platforms with advanced charting tools, technical indicators, and risk management features. User-friendly platforms enable traders to execute trades efficiently and analyse market trends effectively.

IG offers trading on several platforms, including Mobile Trading, ProRealTime, MetaTrader4, and their platforms, IG Trading Signals and Trading Alerts.

Educational Resources

A good broker provides educational resources to help traders enhance their trading knowledge and skills. Educational materials may include webinars, tutorials, trading guides, and demo accounts.

The IG Academy has an extensive range of resources to assist traders in improving their trading skills. They offer an IG Academy mobile app, a free demo trading account, and over 45 years of experience. They have online courses, live sessions, articles, and webinars.

Customer Support

A good broker offers responsive customer support services to promptly address traders’ inquiries and concerns. Support channels should be easily accessible via email, phone, or live chat.

IG offers client support 24 hours a day by phone, email, and live chat. They also have a Help & Support section on their website to assist with queries, including a Peer Support platform for assistance from other traders and IG staff in a forum.

Overview

Overall, it is clear that IG is a global leader in the CFD trading market. They are sufficiently regulated, offer CFD trading in several markets, are transparent in pricing and fees, have multiple trading platforms, and have excellent customer support. If you are looking for a great broker, IG is worth considering, however if you are looking for more information about IG and their offerings, we recommend you look at another great IG broker review.

FAQs:

Is IG regulated?

Yes, IG is regulated by 17 national authorities, including FCA, ASIC, CFTC, and FSCA, ensuring compliance with strict financial regulations.

How does IG ensure the security of funds?

IG segregates clients’ funds from its operational capital, keeping them in segregated client bank accounts at registered banks, and uses custodians for segregated client asset accounts.

What are IG’s trading fees?

IG offers commission-free CFD trading with competitive spreads and minimal fees, clearly outlined to traders.

What trading platforms does IG offer?

IG provides various platforms including Mobile Trading, ProRealTime, MetaTrader4, IG Trading Signals, and Trading Alerts.

Does IG offer educational resources?

Yes, IG offers the IG Academy with a range of resources including webinars, tutorials, demo accounts, and over 45 years of trading experience.

How can I contact IG’s customer support?

IG offers 24/7 support via phone, email, live chat, and a Help & Support section on their website, including a Peer Support platform for assistance.

Is there a minimum deposit requirement for IG accounts?

IG offers free accounts with no minimum deposit requirement, making it accessible to traders of all levels.

How long has IG been in the trading industry?

IG has over 45 years of experience in the trading industry, providing a wealth of expertise to its clients.