IG Index Review 2018
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IG Index began in 1974, and boast the title of the world's first spread betting company. They began as a way for investors to trade and speculate on the price of gold. Now they have grown to become a member of the FTSE 250 and have offices across 17 different countries. They are authorised by the FCA and have been established as a market leader across the globe for more than 40 years now.
Over 136,000 clients across five contents depend on IG Index to provide safe, secure and exciting trading options. If looking for a trading platform that has a proven track record of longevity, then this one is an excellent and reliable choice. Thanks to a long history of taking security and financial safety seriously, they are a proven leader in their field and well regarded by a large community.
The company boasts access to over 10,000 different financial markets for traders of all account types. It's this impressive spread, combined with a variety of trade types and sprint markets that keep traders interested and coming back for more.
What makes IG Index a wise trading choice? This deep dive guide will reveal:
- Everything about the two main trading account types offered to you today
- Why IG Index prides itself on such a large number of financial market choices
- The extensive history of this company and what makes it safe and secure
The broker offers a straight forward selection of just two account basic types, removing the potential confusion that an array of choices can often cause. Both accounts are very similar in nature, with the only main difference being the limited risk offered by the limited risk account. IG also deliver with their IG Index demo account with a fully featured offering available to all users with a simple click in the user interface upon signing up.
The Trader Account is more suited for those who consider themselves more experienced and professional traders. Due to the nature of this account, the trader is required to meet the MiFID regulation stated standards.
Limited Risk Account
This account is more suited to less experienced traders, or perhaps those just starting out. Much like the Trader Account it still offers access to a ton of assets and a majority of the same features, however, it offers limited risk for the trader.
Corporate and Premium Accounts are available under certain circumstances, and encourage potential traders who fall into these categories to get in touch with customer support to find the account solution that fits best.
Trade Types And Payouts
IG Index offers an impressive variety of binary trade type options. By combining the different trade options with the huge selection of financial markets on offer, the combinations available to traders are seemingly limitless.
One Touch Options
With the one touch trade type, the trader selects a touch point and then decides whether the asset will "touch" on it or not. This means once the touch point is reached, it does not matter how the asset continues to change before expiration.
Ladder trading is a new type to enter the market recently. For traders seeking different and innovative ways to trade, ladder is a good one to try. Ladder is more complex to understand than some other types, but can be rewarding for those looking for something more interesting than standard hi-lo. Based around intervals, as the asset moves through the strike prices, the trader receives a partial percentage payout.
High/Low is the most common standard option, and is almost always offered by brokers. A great place to start out, High/Low provides traders with the straight forward task of selecting either a call or a put option, depending on whether the trader believes the asset will expire above, or below, the initial price at the beginning of the trade.
In the boundary trading type, also known as the tunnel type, the trader selects a boundary range with an upper and lower price level, and then needs to predict whether the asset will remain within the range, or if they will move beyond the boundary.
For those who like it fast, IG Index's sprint markets offer 60 seconds, 2, 5, 20 and 60 minute trading options. Providing quick turnarounds and a rush that some traders prefer.
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Bonuses And Promotions
IGIndex offers a free trial account for new traders to get started on the platform, as well as a "refer a friend" scheme to encourage and reward traders to bring new friends on board with them.
Aside from these incentives, there isn't an IG Index bonus offered to lure traders, rather they rely on their solid reputation and excellent margins to entice new traders into the program.
This can be considered a bonus for traders who find themselves locked into sign up bonus agreements that prevent them from withdrawing any funds until certain milestones being reached.
In 2008 they became the first to allow trading through the iPhone and iPad devices. Since then, the company has gone from strength to strength in providing mobile app trading on the go.
Since pioneering online trading, IG Index has made it their mission to provide seamless and secure trading across numerous platforms and devices with the unveiling of an Android app to complement the iPhone version.
As is consistent with the computer based platforms, keeping on top of security updates is a priority, with customer security and satisfaction being of the utmost importance.
Both the iOS and Android mobile apps are easily downloaded from either the Apple App Store or Google Play Store depending on your device.
Deposits And Withdrawals
Making deposits is as simple as it should be. Traders can use internet bank transfer, debit or credit card deposit, DBS/POSB bill payments, telegraphic transfer or standard chartered bill payment to make a deposit. The minimum deposit you can make is just $200.
When it comes to withdrawing funds, you need to use internet bank transfers or credit/debit card to make your withdrawals. We made 2 full withdrawals to test this area and on both occasions we had no withdrawal problems to report.
Providing a range of special features, one of the most impressive is the financial market options. With over 10,000 to choose from, IG Index provides a truly flexible and versatile range of trading options that even more experienced traders will find impressive.
This trading platform is known for innovation, with new technologies often being provided first. The mobile platforms boast a variety of special features including access to their ProRealTime charts.
In addition to such a varied range of financial options traders are provided with a high level of customer service throughout the night and day via phone, email and live chat services with a real person to guide you through any problem.
The long-standing history of this trading platform paired with their dedication to innovation and progression mean that new and unique special features are constantly being developed and delivered.
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Customer support is available to traders 24 hours a day, with live support alternative options offered at various hours as well. Having an extensive history in the industry means they have plenty of time to practice and refine their customer service contact experience, and strive to excel in providing support to traders.
As a broker regulated by the financial conduct authority, there are strict guidelines to adhere to, creating a secure, safe and reliable trading platform that is consistently evaluated, updated and reviewed and audited in order to provide premium customer support and service at all times.
As well as friendly and supportive 24/7 customer contact, this broker provides training and educational materials through their IG Academy app, as well as live support. These are available to traders through both iOS and Android platforms.
Here we're going to wrap up our IG Index review. During our long and meticulous review process we went to the depths of the web and also performed our own user testing, we couldn't find any serious concerns about a IG Index scam, this broker has been around the block and is totally legit. No major complaints exist and we are happy to recommend them to you.
IG Index is a long established, reliable and innovative platform that is used, trusted and highly regarded by traders all across the world. Thanks to it's straight forward approach to account options it is an accessible and easy to use choice for traders who are just starting out binary or forex trading.
This platform is equally suited to beginners as it is to professionals, with it's professional accounts and large selection of potential markets appealing to experienced traders.
Although the web interface can be a little complex to adjust to, the mobile application makes up for it with many options and innovations available to the end user. Thanks to such a variety of interfaces and platforms both new and experienced traders can have access to trading any time, anywhere.
A number of forms of educational material are provided by IGIndex, who understand that providing quality training to traders is as important as providing the trading platform itself. Through their selection of online learning materials, as well as mobile app learning center, traders can learn about a wide variety of trading styles and strategies.
IG Index provides friendly and accessible customer service solutions catering to a wide variety of skill and understanding levels. It is a secure and innovative choice for both new and professional traders as well as corporations and professional groups.
With a focus on innovation and security, combined with a host of extensive features and a history of providing top-notch service and high quality features, this is an excellent option for traders of all backgrounds, skill levels and trading experience.
Reviewed by: BinaryOptionsExpert.net
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Frequently Asked Questions
Is IG Index legit, will they scam me?
Having been around since 1974 and also the world's first recognised spread betting company. They are regulated by the FCA and are a member of the FTSE 250. With this much history and regulation they are not going to scam you, in fact you should feel secure when you place your trust and money with them. We are certainly happy to put our name to them and have tried them out for ourselves to bring you only the best recommendations.
Do they have a decent mobile or tablet app?
You don't get to the dizzy heights of the FTSE 250 without investing in the future of your company and the technological offering of IG Index is what you would expect from such a reputable broker. Not only do they have a mobile responsive website but they also have an App for iOS and Android and it also states that the app is specifically suitable for Apple Watches. They offer everything for the trader on the go.
What bonus do they offer new traders?
There are no bonuses offered to new traders. No welcome bonus, no deposit match and no frills. They prefer to rely on their solid platform and reputation rather than enticing new account holders on board with bonuses. There is a free trial account and the "refer a friend" scheme to encourage more account holders to come on board.
Can I start trading on a free demo account?
When you land on the website you are encourage to open a free demo account to practise trading right away. By signing up to the free demo account you will receive $10,000 of virtual funds to practise with. The idea is to get used to the platform, try a few different assets and feel confident with trading before you invest your own money and start trading.
What's the minimum deposit and trade amount?
The minimum funding amount when opening an account with IG Index is $200 although there is no obligation to trade. There are 2 values for a minimum trade. Firstly most assets require a $1 minimum trade although gold is $5. This rises to $20 for sprint bets. Whilst there is no obligation to trade if there is a period of inactivity for 2 years you will incur a charge to your account.
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