A lot of IG reviews focus on the long-lasting tradition of this financial enterprise, but our review will cover all the other elements that you should know about this company. Our in-depth review will provide you with enough information so that you can decide for yourself if this broker house operates in a trustworthy and legitimate way.
IG broker overview
As we already mentioned, IG broker is a corporation that has been present in the global financial sky for a long time, ever since 1974! However, over the years, the organization has gone through several remodeling stages, and in 2000 the name of the enterprise was changed to IG Group Holdings. Three years later, in 2003, the company incorporated binary trading into its services, and nowadays – two sister companies are a part of the IG Group. Both of them are licensed and regulated by FCA in the UK (Financial Conduct Authority), and IG Markets LTD has the license number 195355 while IG Index LTD operates under the number of 114059. The estimated worth of the IG Group, which includes NADEX, is around £2.7 billion.
IG review – types of accounts
It seems for IG review that it is a company that has a lot of experience in the business, and that is why it may surprise some investors that there are only two types of accounts available on their platform. They are called Trader and Limited Risk account, and their names are pretty much self-explanatory. Also, IG is one of those broker houses which does not charge a fee when you want to register an account. This may be a sign of potentially fraudulent or malicious activity, and that is why our IG reviews are here to warn and possibly protect our readers.
IG opinions – trading conditions
The one thing where IG binary options broker excels is their broad set of assets and financial markets that are available for trading. Stocks and CFDs are also supported, and the minimum deposit amount is $215. IG has a rather serious and professional approach to trading, which means that there are no “risk-free” banners on the site or flashy promotions. Investors can choose between standard binary options, which last from 5 minutes up to a month, and Sprint Markets, which are essentially short-term options and they last from 60 seconds to five minutes.
IG review – trading platform
When it comes to software, IG broker takes a “different approach” here as well. They are offering two separate “versions” of their platform, and clients can use their MT4 (MetaTrader) or their L2 (Level2) software solution.
However, the biggest issue with it’s software from the point of view of the IG review is the fact that the abundance of options and trading types make the site overcrowded and confusing. In other words, traders can be overwhelmed by the mind-boggling sets of numbers and charts, and this particularly applies to newbies. Also, IG is using a specific form of the trading process, which can additionally confuse the wanna-be traders. The speed of execution is another frequent problem, and a lot of investors are complaining about this issue. Similarly, they claim that IG website often displays the following message “Sorry, this market is not dealable,” and it is evident that investors can hardly rely on a company that has these issue on a regular basis.
Deposits and withdrawals
Our IG Binary Options reviews typically cover all areas of a company’s activities and banking methods that IG offers are also under our “inspection.” They offer several ways by which you can transfer the money to and from your account, and the transfers usually take three business days to complete. All the main credit cards seem to be supported, such as VISA, Maestro, Electron, etc., and IG charges a 1.5% fee if you are withdrawing the funds to a card that was issued outside the UK. Wire transfers within the UK are completed on the same day.
It seems that IG offers a decent customer support, and it would be awkward and unprofessional if they haven’t realized the importance of this sector after so many years of being in the business. Educational material is also available, and the support teams can be reached 24/7 via phone, mail, or live chat. IG broker house allegedly has offices in 17 countries, including Singapore, Japan, China, Australia, and many others, and their customer support is also taking a global approach by offering services in 20 languages. With such a widespread network, IG should be able to cover all problems that their clients may have, which is usually not the case.
IG scam – conclusion
Our review has covered the most important elements of IG binary broker, and our IG opinion is that this company is not the best option for our readers. In other words, the binary world offers so many opportunities, and we believe that your funds would be safer elsewhere. IG does offer a broad range of markets to trade with, but their platform and customer support are not on the highest level.