IG Broker Review – best broker for forex?

IG is a broker that offers CFDs on stocks, indices, commodities, bonds and cryptocurrencies in addition to currency pairs. The company is licensed in Europe by the UK regulatory authority FCA and in Germany by the regulatory authority BaFin, thanks to the German regulation the broker can legally offer its services to citizens from the Czech Republic and Slovakia. The minimum deposit for IG broker is set at $250.

IG Broker Overiew

Minimum deposit	250 USD
Regulated broker	Yes
Regulation	ASIC, BaFin, FCA
Trading platform	MT4, own
Demo account	Yes

IG Review – Trading Platform

IG offers its clients a total of 2 trading platforms – MT4 and IG. The MT4 platform is very popular among traders and serves very well not only for opening and closing trades but also for analyzing the markets. It can also be used for automated trading systems (EAs). The second platform, which comes straight from the broker’s workshop, looks modern and its operation is very intuitive.

IG fees and spreads

Like any other CFD broker, IG charges a spread fee. For the current value of this fee, please visit IG’s website. We have prepared a small comparison table for you to see the amount of IG spread fees on popular currency pairs compared to 2 other popular CFD brokers.

Plus500** 0.6 0.7 1.1 0.6 XTB** 0.8 1.4 2.0 1.7

	EUR/USD	USD/JPY	GBP/USD	AUD/USD
IG*	0.7	0.79	1.52	0.76

*Average spreads for a standard account. Spread data was taken from the broker’s website on 06.10.2019 at 20:00 GMT.
**Spread data was taken from the broker’s trading platform on 26.09.2019 at 12:26.

Pros:

• free demo account
• own platform

Cons:

• no Czech language support

IG Review – Summary

IG must adhere to strict regulatory guidelines from the BaFin regulatory authority. The broker offers 2 trading platforms and a limited time free demo account. The range of assets on offer here is very nice, especially when it comes to CFDs on stocks. According to the broker’s website, over 12,000 stock titles are available here. Spreads at the broker look fair. Despite the fact that IG broker is an international company, there is no Czech language support.

You can read more about other brokers on our website.