Quick Facts — Updated January 2024
Regulation
FCA, ASIC, MAS, CFTC/NFA
Platforms
IG Web, IG App, MT4, ProRealTime
Max Leverage
Up to 1:30 (UK/EU)
Overview
Is IG Group a Good Broker?
IG Group was founded in 1974 — half a century of operating history — and is listed on the London Stock Exchange (FTSE 250). It is regulated by the FCA, ASIC, MAS, CFTC and NFA. In terms of institutional credibility, no other retail broker comes close.
The platform quality reflects this heritage: the proprietary IG Web platform with ProRealTime advanced charting is genuinely best-in-class. Spread betting availability for UK/Irish clients offers potential CGT exemption. Weekend trading on selected instruments and 24/7 crypto CFDs are useful differentiators. The 0.6 pip EUR/USD spread is competitive for a no-commission model.
✓ Advantages
✓50 years operating history — unmatched track record
✓LSE listed (FTSE 250) — full financial transparency
✓FCA, ASIC, MAS, CFTC/NFA regulated
✓ProRealTime advanced charting included
✓Spread betting for UK/Irish tax benefits
✓No minimum deposit
✗ Disadvantages
✗Spreads not ECN-competitive for scalpers
✗No raw/commission account option
✗US clients have restricted forex offering
✗Platform complex for beginners
Scoring Breakdown
How IG Group Scored (out of 10)
Deposits & Withdrawals8.5
Our Verdict
Should You Open a IG Group Account?
Best for: UK/Irish traders wanting spread betting tax benefits. Experienced traders wanting premium platforms and research. Anyone prioritising trust and regulatory heritage above tight ECN spreads.
Common Questions
IG Group FAQ
Is IG Group publicly listed?+
Yes — IG Group Holdings plc trades on the LSE under ticker IGG and is a FTSE 250 constituent.
What is spread betting and is it tax-free?+
Spread betting on IG lets UK/Irish residents speculate on price movements. Profits are generally exempt from UK Capital Gains Tax and Stamp Duty. Individual tax treatment varies.
Does IG offer MT4?+
Yes — MT4 is available alongside the proprietary IG platform and ProRealTime. Request it during onboarding.
Can US residents use IG?+
IG US (regulated by CFTC/NFA) offers forex to US clients but with restricted leverage (1:50 max) and FIFO trade rules as required by US regulation.
⚠ Risk Warning: Trading forex and CFDs involves significant risk of loss. 68–89% of retail investor accounts lose money. This review is for informational purposes only and does not constitute financial advice.