IG is an excellent broker for UK traders thanks to its highly competitive pricing, especially on CFD accounts and spread betting. This is mainly due to its low margin requirements, averaging just 1.3% on EUR/USD and 0.8% on the FTSE 100. However, its fees do vary depending on the instrument and time of day you trade.Read more :theinvestorscentre.co.uk

The company was established in 1974 and has demonstrated nearly 50 years of responsible and honest conduct, as well as successfully surviving the 2008 financial crisis. It is also a publicly listed company and a member of the London Stock Exchange, which means that its financial health can be assessed with confidence.

Pros and Cons of Using IG as a Broker for UK Traders

As an authorised MiFID passport broker, clients are protected up to PS85,000 in case of a firm failure, while other EU and Swiss customers are covered up to EUR20,000 and CHF100,000 respectively. Moreover, IG provides its clients with various security measures to protect their money and data including 256-bit SSL encryption and two-factor authentication on the website.

IG Markets offers an extensive selection of instruments to trade. In addition to forex and shares, you can also trade CFDs on a wide range of commodities and indices. However, the number of assets available for trading may be limited in certain markets. In terms of fees, IG’s spreads are competitive when compared to the industry average and can be lower during periods of low liquidity. IG does charge a custody fee, which is capped at PS24 per quarter or PS96 per year if you make three or more trades.