Looking for a reliable online trading platform can be a daunting task, especially with a plethora of options available in the market. IG, formerly known as IG Index, is one such platform that has been around for over 45 years and has been consistently evolving with the changing times. IG offers a wide range of trading options, including forex, stocks, indices, and commodities, with an easy-to-use platform and powerful analysis tools. In this review, we’ll take a closer look at what IG has to offer and whether it’s worth considering for your trading needs.
- Wide range of markets: IG offers access to over 17,000 markets, including forex, shares, indices, commodities, and more.
- User-friendly platform: IG has a user-friendly platform interface that is easy to navigate, even for beginners.
- Advanced charting and analysis tools: IG provides advanced charting and analysis tools, including multiple indicators and drawing tools.
- Mobile apps: IG offers mobile trading apps for both iOS and Android devices.
- Customer support: IG has a 24/7 customer support team that users can contact via email, phone, or live chat.
- Education and research: IG provides educational resources, including webinars, courses, and a market analysis section to help traders stay informed.
- Multiple account types: IG offers different account types, including a demo account for beginners to practice trading without risking real money and a professional account for experienced traders.
Wide range of markets
IG provides access to over 17,000 markets, making it one of the most diverse trading platforms in the market. Users can trade on forex, shares, indices, commodities, cryptocurrencies, and more. IG offers competitive spreads on these markets, which makes it an attractive option for traders. Additionally, traders can use leverage to amplify their trading position, giving them greater control over their investments. This wide range of markets also means that traders can diversify their portfolios and minimize risk by investing in multiple markets.
IG’s platform is designed to be user-friendly, making it accessible and easy to use for both beginners and experienced traders. The platform offers a clean and organized layout, making it simple to locate the necessary information needed to make informed trading decisions. Charts, analysis tools, and customizable watchlists are all available at a glance, so traders can easily monitor their positions and track their performance. The platform also includes a range of trading tools, including order types, alerts, and risk management utilities. Overall, IG’s user-friendly platform makes it easy for traders to execute trades efficiently and effectively.
Advanced charting and analysis tools
IG offers advanced charting and analysis tools, allowing traders to conduct in-depth technical analyses. The platform offers over 28 technical indicators, drawing tools, and a range of other analytical functions. One of its standout features is the ProRealTime charting software, which provides advanced charting options to traders. This tool includes customizable alerts, multiple timeframes, and access to a vast range of technical studies. Traders can use this tool to create charts to suit their trading strategies, and the ability to backtest their strategies using historical data. Additionally, IG’s offering of news and economic calendars allows for fundamental analysis, giving traders a well-rounded approach to trading.
IG offers mobile trading apps for both iOS and Android devices, providing traders with the flexibility to trade on the go. The app allows users to trade on all their accounts, monitor their positions, and view live prices of markets. The app also includes essential features like customizable watchlists, price alerts, and a range of charting tools. Traders can also access news articles, analyses, and research from the app. The app’s simple design and easy-to-use interface make it an excellent choice for traders who prefer to trade on their mobile devices.
IG has a 24/7 customer support team available to assist users with any issues or questions they may have. Users can contact the support team via email, phone, or live chat. IG also provides a comprehensive help and support section on its website that includes frequently asked questions, platform tutorials, and educational resources. The support team is knowledgeable and responsive, providing prompt and professional assistance to users. Overall, IG’s customer support is top-notch, ensuring that users have a seamless trading experience and the help they need when they need it.
Education and research
IG provides educational resources and research tools to help traders make informed decisions. The platform offers a range of webinars, online courses, and articles covering topics like trading strategies, technical analysis, market updates, and more. In addition, IG provides a market analysis section that includes daily market briefs, price action guides, and an economic calendar to help traders stay informed on current market conditions. These resources are useful for traders of all experience levels and can help them improve their trading skills.
Multiple account types
IG offers multiple account types to cater to the needs of different types of traders.
- The demo account is an ideal option for beginners who want to practice trading without risking their real money. Traders can use the demo account to learn how the markets work, test their strategies, and familiarize themselves with the platform’s features.
- The standard account is suitable for most traders, offering access to a broad range of markets. The account offers competitive spreads and allows traders to use leverage to amplify their positions.
- The professional account is designed for experienced traders and offers additional benefits, including lower margin requirements, higher leverage, and access to exclusive features like a personal account manager.