IG US also charges a £12 monthly inactivity fee after twelve months of dormancy. As far as US-based Forex brokers go, I believe IG US presents one of the best choices, if not THE BEST choices on the market. However, clients are not accepted from FATF blacklist countries North Korea, Iran and Myanmar.

Available assets

IG Group also provides multiple phone numbers for customer support, and clients are advised to verify the appropriate number based on their region and query type. IG caters to professional and institutional clients with services that exceed industry standards. All account levels can engage in long-term investments through IG Smart Portfolios, which include savings and retirement programs, as well as low-fee ETFs. IG branches in this region provide turbo warrants, which are venue-traded (not over-the-counter) leveraged securities. The price of a turbo is tracked against an underlying financial asset on a one-for-one basis, and traders can use a turbo to go long or short. Leverage and margin are two tools in the trader’s arsenal that, if misused, can lead to heavy losses for the trader.

The broker’s commitment to transparency, security, and customer satisfaction strengthens its place https://traderoom.info/is-ig-a-truly-reliable-brokerage/ as one of the leading brokers in the financial industry. ProRealTime is an online software for technical analysis and trading, integrated with the IG trading platform. It includes powerful charting with over 100 indicators, real-time data, and access to ProScreener, which helps traders scan for opportunities based on custom criteria.

IG stands head and shoulders above the competition in multiple categories. The Standard Account offers rock-bottom trading costs, with spreads as low as 0.6 pips in pairs like EUR/USD and 30 cents in gold. IG (UK) also offers a variety of professional and institutional services, well above the industry average. Accounts at all levels can invest for the long term through IG Smart Portfolios, an account basket that includes savings and retirement programs, as well as low-fee ETFs. Clients have access to FOREX, indices, shares, commodities, cryptocurrencies, bonds, ETFs, options, industry sectors and interest rates. IG Academy’s course is designed to cover material for people at different levels of the trading spectrum, and it succeeds in delivering on this ambition.

IG US has a $10,000 demo account, and there appears no time limit. I like the unlimited duration but prefer a flexible account balance, allowing traders to select one similar to their initial deposit. Demo trading lacks real-life trading experiences, and an excessive amount makes it that much more unrealistic.

ForexBrokers.com 2024 Annual Awards

One of the reasons that traders are attracted to the forex market is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. In the table below, I cover the leverage available at tastyfx across a range of currency pairs.

1. It does not have a slick interface and requires some time and effort to learn, but that is typical of advanced platforms.
2. Articles and videos are insightful and reflect a depth of experience.
3. Traders can set up personalized alerts and notifications to stay informed about market movements and account activities.
4. Additionally, IG offers negative balance protection in certain regions, ensuring that traders cannot lose more than their account balance in volatile markets.
5. They have their own section called “news and trade ideas” where they write their own articles about forex, shares, indices, bitcoin, and commodities.
6. For share trading through its Share Dealing account, IG applies a commission-based fee structure for UK traders, with fees as low as £3 per trade.

Had to repeat my question 3 times while being passed to 3 separate agents. And the 3rd agent eventually stopped responding (not before answering a different question entirely). I then tried again for a different t question just in case that experience was a one off but alas the same thing. For a moment I was IG’s employee, for a shorter moment I was even a client.

1. IG US only lists two phone numbers at the bottom of most web pages, one for new clients and one for existing ones.
2. After you log in, you’re presented with a default watchlist of popular markets — this is one of the three primary tabs at the bottom of your trading app.
3. For indices, such as the FTSE 100, spreads can be as low as 1 pip, while commodities like gold have spreads starting around 0.3 pips.
4. In addition to two-factor and biometric authentication, the user will be logged out of both the Web-based and mobile applications for inactivity.
5. The sheer volume of tradable instruments available at IG is staggering.
6. This industry-wide approach underscores traders’ importance in understanding their chosen platform’s fee structure and ensuring it aligns with their trading style and strategy.

Overnight Funding Fees

Bitcoin trades lower at $97,400 (-3.76%) as more signs emerge that investors have called time on its one-month post-US election rally. As noted yesterday, the modest gains that followed Trump’s appointments of the pro-crypto Paul Atkins as SEC head and David Sacks as his “AI and Crypto Czar” were warning signs the rally was faltering. If you are a US trader looking to try out the spot forex market, I rate tastyfx as a strong choice. Tastyfx can be considered trustworthy due to its status as an NFA and CFTC-regulated broker, its high level of financial stability, and first-class transparency. The articles provide a well-crafted introduction including topics like the advantages of the forex market and risk management. The education section of the tastyfx website includes articles covering the basics of forex trading.

I found the tastyfx Mobile App intuitive and beginner-friendly while offering a powerful range of features. You can monitor your market positions, place trades, and stay updated with the latest market news and analysis. This well-designed app can accommodate most trading functions while you are on the move. With its clean and uncluttered interface, this platform can cater to beginners. Overall, IG is an ideal option for traders seeking a reliable, well-regulated broker with extensive trading tools, platforms, and educational resources.

Social trading offering

Spread betting is entirely exempted from taxes or stamp duties in the UK, which is perfect for investors looking for cost-effective trading solutions. Apart from the traditional markets, IG also provides binary options trading that enables traders to make fixed profits by betting on the direction of a trend. IG accounts can be accessed by making an initial deposit of $200, which can be paid either through a credit/debit card, wire transfer, or other e-payment processors. IG’s fees are highly competitive in the Forex trading market, appealing to many traders. The broker provides tight spreads for Forex and CFD trading, starting at 0.6 pips on major currency pairs, with no additional commissions on most products. For share trading, IG’s commission structure is attractive too, especially for UK traders who enjoy fees of as little as £3 per trade.

During this time it has been providing different trading options and services like binary options, CFDs, Spreads, and, of course, Forex trading instruments. Last, but not least, currently, IG headquarters are situated in London, UK, but the broker has offices among the entire world. IG offers MT4 on a mobile trading platform, available for both Android and iOS. Founded in 1974, IG has established itself as one of the foremost brokerages in the world. Trading costs are low, with IG’s standard CFD account featuring commission-free spreads as low as 0.75 pips on the EUR/USD. IG’s mobile app reveals a smooth and responsive experience with a well-organized performance that makes trading on the go easy and efficient.