IG Trading Account – Review, Types, Process, Benefits, Charges & more
Check out everything related to IG Trading Account here.
In trading stocks, CFDs, currencies, bonds, or any other asset for that matter, one of the common things you require is a trading account.
Without a trading account, no one can trade in the markets. However, choosing the right trading account is essential for optimizing your profits and also helps you in your trading.
In this article, we will talk about the IG online trading, its benefits, and its features. We will also guide you about how you can open this account.
Then the process of setting it up and finally trading using the account will all be covered in this article.
IG Trading Account and Benefits
IG was established in 1974 which makes it one of the experienced brokers across the world who deal in currencies, forex, and CFDs apart from other assets.
It is headquartered in the United Kingdom and follows the regulations of CFTC and NFA.
The number of employees it has is around 200 and above across the globe in different branches.
The brokerage house was incorporated by John Stuart Wheeler and it is one of the publicly traded brokerage houses as well.
Benefits of IG Market trading account includes –
- IG has more than 4 decades of experience with which they deal with its clients.
- They have a huge variety of assets which range from forex, commodities, currencies, CFDs, stocks, indices, and others.
- You get multiple types of trading facilities like knock-out trading, weekend trading, and volatility trading as well.
- The highly advanced trading platforms are there to make your trading experience way better.
- Exceptionally well-curated learning resources are available with IG which you can get full access to when you are their client.
- The withdrawal and deposit options with IG are really easy and secure.
Fill up the Form – Open Forex Trading Account Now!
Find Trading Account Services of other Forex Brokers
|Moneta Markets Trading Account||Just2Trade Trading Account||LQDFX Trading Account|
|IQ Option Trading Account||Libertex Trading Account||Markets.com Trading Account|
|IronFX Trading Account||Liteforex Trading Account|
IG Trading Account Charges
|Trading Account Charges|
|Account Type||CFD Trading Account|
The trading charges are one of the most important criteria in choosing the trading accounts.
It is important to thoroughly evaluate and compare the charges which you need to pay for available services of the trading account of the brokerage house.
The initial deposit of the CFD trading account of IG is really low and that is only $1.
Moreover, there is no commission you need to pay for the transactions/ trade you do with the trading account.
Types of IG Markets Trading Account
|Types of Trading Account|
|Trading Desk Type||Dealing Desk|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
IG provides only one kind of trading account that is the CFD trading account.
However, you can trade all the asset classes with this account.
Whether you want to trade shares, or commodities, or currencies, everything is tradable using this account.
The spread available with this account type is only 3 pips and the leverage you get is 200 times which is huge.
IG Account Opening and Trading Process
The account opening and trading process for IG online trading are really simple. The steps are as follows –
IG Account opening process
- For account opening, you need to first click on the open account
- Then fill up the form that appears on the screen of your mobile or desktop/ tablet/ laptop
- Enter all the details – name, occupation, age, address and contact details, bank details, and others
- Submit the form
- The IG associates will call you and guide you about the rest of the process to open the account.
- Once the account is open, you will receive the login id and password
- The KYC needs to be done properly. You need to upload the required documents for verification. Accounts will be approved only after the verification of the documents.
IG Login process
Once you have the account approval, and the login id and password, logging into the account is easy –
- Just download the trading platforms from the website and Google Playstore, APP store, and others.
- Then click on the login button
- Enter the log id and password that you have received in the email of approval of the trading account.
- Then you need to click on submit.
- You can then see the dashboard and your trading account with the information.
Once you enter the trading platform, you can customize it according to your preference.
- You can check everything on the dashboard
- You can set up different alerts
- Add stocks/ currencies/ other assets on the market watchlist
The trading process is pretty simple with the IG Market trading account. All you need to do is –
- Click on the asset you want to trade
- You will find buy, sell, modify, cancel, details, and other similar options
- If you want to buy, click on the buy, similarly, if you want to sell, click on sell.
- Enter the units you want to buy or sell
- Check the price, enter a bid
- Click on enter and your order will be submitted
- It will take a few seconds to execute your order and then you see the updated holdings on your dashboard.
Find Different Trading Account Types of Forex Brokers
|Ninjatrader Trading Account||OctaFX Trading Account||Spectre AI Trading Account|
|NordFX Trading Account||Olymp Trade Trading Account||Spreadex Trading Account|
|Oanda Trading Account||PrimeXBT Trading Account||Thinkmarkets Trading Account|
IG Markets Trading Account – Features
|Social Trading / Copy Trading||No|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||Yes|
|Trading From Chart||Yes|
|Interest On Margin||No|
|Other Trading Features||No|
There are hundreds of features that you can avail yourself of with an IG Markets trading account. These features can strengthen your trading.
IG Online Trading features are like –
- IG provide multiple trading indicators, charts, alerts, and signals. These trading tools are extremely important for trading any of the asset classes. These tools help in analyzing the markets easily. You can check the real-time charts and take quick decisions.
- There are different types of orders which you can place using the trading account offered by IG Markets. They include OCO orders, trailing stop-loss orders, and others.
- Volatility trading is one of the unique features that are available with IG Markets. You can take advantage of the volatility in the market for trading.
- You can trade on the weekends using the Weekend trading feature of IG Markets.
- When you are unsure of the strategy you should apply for a certain instrument or asset class trading, then you can use the Copy-trading feature. It helps you check and apply the strategies used by popular traders. You can copy the trade and apply the same in your account with the units that you want to purchase or sell.
- You can apply Guaranteed stop-loss which ensures that your order gets canceled or triggered when a certain price which is set by you is reached.
- With lots of Educational and learning resources, you can learn new things about the market every day. There are a lot of learning resources for each of the markets.
Check out Online Trading Services of FOREX Brokers
|Trading 212 Trading Account||Avatrade Trading Account||iForex Trading Account|
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|XM Trading Account||FBS Trading Account||Alpari Trading Account|
IG Trading Account – Conclusion
IG Markets trading account helps you explore different asset classes with just one trading account. You do not have to open multiple accounts to trade different assets.
The CFD trading account has all the assets which you can trade. The charges are pretty nominal which helps you optimize your profits.
To choose the right trading account, you need to compare multiple accounts and then pick the one that suits you the best.
IG Online Trading – FAQs
Here is the list of FAQs related to the IG Online Trading:
Do IG provide Online Trading?
Yes, IG Market online trading facility is there. You can access all the markets, assets using the trading account.
You can trade online using any of the trading platforms.
What are the Commission Charges in IG Markets?
There is no commission that IG charges from its customers.
The initial deposit is also too little to be bothered about.
You can easily trade multiple assets without any hassle of paying hefty commissions.
Do IG provide Demo account Trading?
Yes, IG provide a demo account.
You can practice trading using the demo account of IG.
This is a great feature as it doesn’t involve real cash.
You can practice trading using virtual cash. Once you are ready, you can open a real account and start trading in the real markets.
Is trading Free at IG Markets?
Yes, since there is no commission on the trading, it can be said that the trading is free with the IG Market trading account.
However, there are initial deposits that you need to keep in the trading account.
Do IG provide Spot Metals Trading?
Yes, IG provide a trading facility in metals.
There is an option for spot metals trading as well. You can trade metals at their market price with this feature.
This gives the chance to explore and use the benefits of the real-time market price of the metals.
What are Spot Metals Trading Charges at IG Markets?
There are no different charges for spot metal trading.
Since there are no charges or commissions on any asset trading, similar for the spot metals as well. You can trade spot metals without any commission.
Do IG provide Stock Trading?
Yes, with IG, you can easily trade stocks, indices, and other assets.
With a CFD trading account only, you can trade all the assets. You can trade all these assets using trading accounts.
What is spread at IG Markets?
The spread that you get with the IG Market trading account is 3 pips.
It is one of the highest spreads that is offered by any other brokerage house at this moment.
Is IG safe for trading?
With IG Markets, you can be completely tension-free about the security and safety of your trades, information, and transactions.
All data and trades are secured and encrypted with high-end security measures.
Do IG provide Trading Tips?
With the IG Market trading account you can get multiple day trading tips, weekly tips, and other trading suggestions and tips.
It is one of the most popular CFD brokerage houses in the UK and across the globe for its research and advisory as well.
Fill up the Form – Open Forex Trading Account Now!
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