Let’s take a closer look at the trading features and accommodations made by IG Markets for their traders.
IG Markets is DMA (Direct Market Access) broker. This means they provide access in the most direct form to the market and liquidity providers. This is a favored execution style for many traders who can have access to some of the most competitive rates in the industry thanks to this execution style.
When trading with IG Markets you will find the minimum trading size available is 1 micro lot or 0.01 standard lots. This is equal to a cash value of $1,000 and means you can open a position for this amount, or less if you are trading on leverage.
Scalping and hedging are both allowed by IG Markets. Spread betting is also made available to UK and Ireland based traders. Due to the availability of MetaTrader trading platforms you can also engage in autotrading through their EAs feature and other tools such as the FIX API are also available to be utilized. The availability of turbo warrant contracts to EU traders in certain areas as well as vanilla and barrier options also provides for another popular type of trading at IG.
Risk management can of course be crucial to your success as a trader. IG Markets in partnership with their available trading platforms provide a standard number of tools and order types to help you succeed in this regard. You can employ stop losses, trailing stops, and take profits to manage active positions. A guaranteed stop loss is also available in some cases. Limit orders also help you to manage entry into new positions while the broker provides margin calls to help you maintain a certain balance of equity if you are trading on leverage.
The trading hours are when an asset is available for trading. With IG Markets this is depending on the individual market, but the broker generally facilitates trading 24 hours a day from 11am Saturday to 5am Saturday (SGT.) if the markets are open. Forex markets operate on a 24/5 basis, Monday to Friday.
The leverage available with IG Markets depends on both the regulation you are trading under, and the asset itself. When it comes to trading major forex pairs though, you will find that a 20:1 leverage is available in Singapore, 30:1 in Australia (ASIC), the UK and EU, and 222:1 if you are an approved professional account trader in the UK or EU.
Platforms & Mobile
Here is a comprehensive look at the IG Markets trading platforms you will have to choose from as well as the tools that will be available to assist you.
Charting and Trading tools
The broker provides for extensive charting capability with a variety of useful tools and indicators in place to ensure a customizable experience for you as a trader. This means you will have access to a range of 22 charting indicators and 17 additional drawing tools as standard with the broker on every platform. Up to date pricing alerts are also available as is the ability to trade with just one click direct from the charts.
IG Markets Webtrader
The IG Markets webtrader is a very well-established trading platform that is a proprietary trading platform for the broker and provides an excellent trading capability and usability to all traders. From here you can also cover all of the account management functions you may need as well as engaging in analysis if required. All round, this is a very attractive and intuitive trading platform the broker provides and it is popular among all types of trader.
IG Markets Mobile app
Another proprietary trading platform is the IG mobile app which is available on both your smartphone and other smart devices through iOS and Android. The platform itself is very powerful for a mobile app and provides for many of the same functions you can access if using the webtrader. You will also have access to autochartist and a range of tools to facilitate an ease of trading on the move.
MetaTrader 4 is available to IG Markets traders and is one of the most powerful and highly trusted trading platforms in the industry. It provides the ability to trade forex, indices, and commodities in the most user-friendly of ways and with a very high degree of customizability. The MT4 trading platform is available on Windows or Mac and is also compatible with both Autochartist and TradingCentral services. The MT4 webtrader is not offered through IG Markets.
IG Markets L2 Dealer
The L2 Dealer platform is primarily designed for the purpose of stockbroking though it does offer trading in every asset at IG. Again it is a popular, user-friendly choice for trading although algo-trading through this platform is not permitted. Additional add-on premium services can be purchased for this trading platform though that can help you further enhance your trading experience.
Again as with the MT4 platform, a webtrader is not available. The platform is however available for both Windows and Mac.
IG Markets ProRealTime Platform
The final trading platform available is the IG Markets ProRealTime platform. This is available as a webtrader only and is actually an advanced chart analysis software that can provide you with precision market data and charting analysis. It is provided free for the first month of use, but is $30 for each month thereafter. If you are an active trader at IG Markets though, this fee will be refunded.
Moving on to the markets provided for trading are extensive with a huge number of assets typically available although this depends on where you are located. In the US only forex pairs are available to trade, while in Dubai, and Japan over 10,000 markets are available. This is extended to 17,000 markets in the rest of the world.
While not every asset may be available in every location, here is a rundown of exactly which markets to expect.
There are over 80 forex pairs available for trading with IG markets. This includes a wide range of major, minor, and exotic currency pairs. The IG Markets spread on forex pairs starts at a competitive 0.6 pips on forex.
IG Markets provides for trading in a total of 14 commodities. This includes a collection of 4 energies such as oil, gas, and non-lead gasoline, 5 metals including gold, as well as mini contracts on several assets for lower-risk traders. 5 agricultural assets are offered including corn, lumber, sugar, and cocoa.
IG Markets offers trading in more than 80 indices from all over the world. The spread here starts from an excellent 0.1 pips and markets from around the EU, Asia, and the US are available to trade.
WARNING: IG Markets Crypto CFD service is now temporary unavailable. This decison was taken on February 21st 2021, and IG will make the service available again at a later date.
A total of 8 CFD cryptoassets are available to trade with IG Markets. This includes Bitcoin, Ethereum, Ripple, Litecoin and more. The Crypto 10 index is also available to trade.
There are a huge number of stocks available to trade. This includes over 12,000 different stocks from all around the world and across major markets. Commission here on shares trading starts from $3 on US shares.
Two bonds are available at IG Markets for trading. These are the German Bund with spreads from 1.5 points and €10 per 1 index point variation, and the US Dollar Basket with spreads from 5 points and €10 per 1 index point variation.
You can also trade interest rates at IG Markets. There are 7 assets available here. In UK Interest rates you can trade the Euribor, FES, and Sterling deposit rates. In the US you can trade the 30-day Fed Funds Rate, and the EUR/USD 3-months. In other markets you can trade the Australian 30-day interbank rate, and the SEY in Singapore.
There are again thousands of ETFs available for trading at IG Markets. These can also be traded on margin and you can trade both long and short on these ETFs.
Sectors at IG Markets refers to a pool of assets from a specific sector. Here you can invest in the pools from more than 44 sectors including banking, financial services, energy, tech, retail, and many more.
Options trading is available to EU traders only and here you can choose to trade in barrier, or vanilla options on forex, indices, and commodities markets. Barrier options are a great choice for lower risk trading.
Turbo warrants are available for trading but only in Germany, France, Spain, Italy, Sweden, Netherlands, and Norway. These assets are similar in nature to barrier options
This is a type of binary option that is composed of more than 30 assets and is available for trading by professional customers only.
IG Markets, despite the massive products offering, do not have a very large amount of proprietary services. The only proprietary service it offers are the IG Markets Proprietary Platforms. These include the webtrader, desktop, and mobile variations and it is worth noting that the broker platforms are both award-winning and very user-friendly across each variety. This may be particularly suited to newer traders in the industry.
Social Trading – Copy Trading
There are no IG Markets social trading or copy trading services directly offered. The only choice you have here to engage in a form of copy trading would be to utilize the EAs through your MT4 trading platform where you can import trading strategies from the community for your own use as a form of copy trading.