IG Journal

Journal status: live
IG joined in | not yet
IG Profile
Website
Year
1974
Country
Bermuda
Branches
14
Regulation
BMA Bermuda
Investor protection
Fund protection
no
Publicly traded
LON:IGG
Restricted countries
Not serving
х Belgium, US
Broker type
MM, DMA
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
...
LPs total
12
LPs quality
Tier-1 Banks, MTFs, other
LPs names
...

IG Accounts
MM
DMA
Minimum Deposit
1 £
1000 £
Leverage
30 : 1
30 : 1
Minimum Lot
...
...
EURUSD spread
0.6 pips
0 pips
Commission
0 $/lotRT
6 $/lotRT
Volume
...
...
Margin Call
99 %
99 %
Stop Out
50 %
50 %
Execution
Market
Market
Spread
floating
floating
Scalping
no
no
Update broker

Is IG safe?

  • Investor protection: no
  • Regulation: BMA Bermuda
  • Registration: ...
  • Publicly traded: LON:IGG
  • Segregated account: yes
  • Guaranteed Stop Loss: yes
  • Negative Balance Protection: yes

Is IG trusted?

  • Information transparency: sufficient ★★★
  • Customer service: ...
  • IG website: semi-detailed, updated ★★★
  • IG popularity (by visitor count): top visited ★★★★★

How IG works

(2) We will act as principal (and market maker) and not as agent on your behalf.

https://www.ig.com/usermanagement/customeragreements?igCompany=igintl&agreementType=customer_agreement&productCode=IGCFD&locale=en_GB

We hedge only when overall client exposure is skewed in one direction.

..we do not typically benefit from trading losses that an unsuccessful client may experience. Mostly, our clients offset each other’s positions. or example if client A buys one lot of the DAX and client B sells one lot of the DAX, both sides of the trade are covered. This means IG is not exposed to the profit or loss of either client. Instead, we make our money via the spread (i.e. the transaction fee) that each client pays to trade.

Sometimes, a large majority of clients will trade in one direction. When this happens, we will protect our exposure to risk by hedging in the underlying market. For example, if client A and client B buy the DAX, we may buy actual DAX futures. This then covers the amount we will pay out if both clients are successful.

https://www.ig.com/en/how-does-ig-make-money

The minimum funding amount for card payments is $300 USD, but there is no obligation to trade. There is no minimum funding amount for bank transfers.

https://www.ig.com/en/fund-your-account

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