IG guaranteed stop margin

• Accepts US Clients
• Well-Reputed Global Presence
• Extensive Offerings

• High Forex Fees
• High Stock CFD Trading Fees
• $250 Account Minimum

Why These Pros

A lot of brokers, particularly those who trade CFDs, dont accept American clients, but IG Group does. American clients do not get account protection, nor do they get guaranteed stop losses, but they can trade with IG, so thats a big pro.

Another positive feature of IG is the fact that it has a well-reputed global presence. The company has won awards for its quality, and it is a sponsor of events such as the Santos Tour Down Under, and teams like the Getafe CF football club, Team Sky cycling team, and Harlequin rugby team. Trading CFDs is a risky business, but having a reputable, well-known broker like IG makes it easier.

Thirdly, IG offers a lot of trading products to interested buyers. It is a CFD broker, so that asset category is limited, but the products within the category are not. IG Group has over sixteen-thousand tradable assets.

Why These Cons

Though IG labels its fees competitive, a few are on the higher end. Trade spreads start from 0.4 points on pairs like EUR/USD. The minimum fees for stock CFD trading are $15 [10GBP]. Other than the stock fees, the CFD fees are about average with other brokers. Thirdly, there is a $250 account minimum, which is high compared to certain other companies. At other brokers, like Finq.com and AvaTrade, the account minimum is $100.

Trading CFDs is not for the inexperienced, but, if you are new to the game, dont worry, as IG Group has a lot of educational resources for you, including the IG Academy. It is suitable for advanced traders as well, though novices will likely find its educational videos, trading platform tutorial, and demo account most helpful.

Excellent Forex Range

IG Group knows that American traders are use its platform solely for the Forex. So, it has made that category as wide-ranging as possible, the selection is unparalleled by other trading platforms in the industry. You can trade more than eighty currency pairs with IG. The currency pairs are sorted under six different categories: Minors, Majors, Emerging Markets, Exotic, Australasian, and Scandinavian.

The trading platform, in addition to its extensive Forex market, also offers more than 16,000 assets to trade, including interest rates, options, ETFs, industry sectors, bonds, commodities, Crypto, shares, and indices. The product range is one of IGs most well-liked features.

Educational Tools

One review site said that IG Groups educational tools far surpassed anything that they had seen before. These tools include a traders library and the aforementioned IG Academy. IG Academy aims to teach beginners all they need to know. While advanced traders likely wont click on IG Academy, they will find IG Groups advanced trading strategy articles helpful. There are webinars on the site that cover everything from upcoming trade opportunities to a basic platform walk-through.

Platform Choices

Speaking of platforms, there are several available with this broker, including: MetaTrader 4 [MT4], Mobile Apps, APIs, and ProRealTime. Within these platforms, you can also access algorithmic trading and trading signals.

MetaTrader 4

Unfortunately, it appears that IG Group does not offer MetaTrader 5, which is the upgraded version of MT4. Luckily, MT4 is still a fine client, and this downloadable platform has been an industry standard since 2002, so youre not losing out on much. MT4 is an industry leader when it comes to its 99% server uptime. There are no third-party bridges. You can access low spreads [0.86] and go short or long on thousands of markets.

Mobile

IG Group calls its app the UKs Best, and, judging from its features and accolades, it might be on to something. The app has full-dealing functionality, and you can open, edit, and monitor your positions no matter where you are. You can also access trailing and guaranteed stops for risk management. The app even has advanced features, such as points through current, partial fills, and tailored orders. The IG App, which works on iOS and Android, has won several awards, such as:

• Investment and Wealth Management Award [2018]: Best Trading App
• ADVFN International Financial Awards [2019]: Best Finance App
• Professional Trader Awards [2019]: Best Trading App

APIs

API means Application Programming Interface. API isnt a platform in and of itself; it is a program that connects applicationsfor example, you can connect your platform to your IG trading account. When you trade with APIs, you can access the IG Group ecosystem, which is a fancy way of saying that youll have more control and order execution will be faster.

ProRealTime

Like APIs, ProRealTime isnt a platform on its ownits actually a web-based charting package. This online charting software is integrated with IG Groups trading platform, and it is best for experienced traders who will employ the technical indicators. There are over 100 indicators, which enable analysis of everything from volatility to price. With ProRealTime, you have the ability to build your own trade algorithms, which you can set to run 24/7.

Negative Balance Protection [EU/UK Only]

This benefit is only for citizens of the European Union and the U.K. If your CFD balance drops below zero, IG will bring it back to zero ASAP without costing you a dime. This protection doesnt apply to corporate traders, and they can still lose more than their balance.

There are three account types: live, demo, and corporate. The live account requires a $250 deposit, with a maximum leverage of 30:1. The minimum spread is 0.6. For the first two weeks of trading, youll get reduced commissions.

The demo account is an account with fake moneyIG lets you use $10,000 in virtual cash to test out the site before you commit your $250 deposit. Youll be able to access the online platform, all without spending any money.

Corporate accounts are the third type, Institutional corporate accounts include regulated entities, banks, brokerage firms, investment managers, private investment vehicles or family offices, proprietary trading houses, and hedge funds. Retail corporate accounts are certified as corporations; they just dont fall into the institutional category. With a corporate account, you still get access to over 16,000 markets.

IG Group is regulated by two main bodies in America: the Commodity Futures Trading Commission [CFTC] and the National Futures Association [NFA]. With the CFTC, IG is registered as a Retail Foreign Exchange Dealer under the subsidiary name IG US LLC. In the UK, IGs regulatory body is the Financial Conduct Authority [FCA].

While there are high fees for certain trades, such as CFD stock trading, the rest of the fees are about average. IG makes money through the Bid/Ask spread. There is a commission charge for trading CFDs, but those commission charges are added to either market side. IG does charge a premium for guaranteed stop-loss orders, but youll incur that fee only if the order is triggered.

Its often helpful to look at aggregate consumer review sites when judging user experience. Investopedia ranked IG a 4.3/5, while BrokerNotes.co gave it a perfect five-star rating. Benzinga gave IG a 4/5, LearnBonds.com a 5/5, 55Brokers a 5/5, and TradingBrokers.com a 4.9/5, indicating all around positive reviews. TrustPilot rated it a 3.5/5. Lastly, ForexBrokers.com gave IG a Trust Score of 99/99, which means that it is low-risk.

Overall, this is a high-quality broker. IG Group has been around for decades, and it is a globally-recognized presence. It even accepts American traders, which is not something you see everyday from firms like IG. If you want a tried-and-true company with a lot of offerings and education tools, IG Group is for you. Though the minimum account deposit isnt as low as it could be, it pays off when you look at all the other featuresparticularly APIs and the IG Academythat you get.

Q: What is IG Groups contact number?

A: +312 981 0498

Q: How long do deposits take?

A: Expect deposit to take up to three business days. At a minimum, your deposit will take one business day.

Q: How long do withdrawals take?

A: Withdrawing money to a credit or debit card generally takes between two and five bank days. However, withdrawing money to Paypal is much faster, usually clearing within 24 hours.
Q: Why is negative account balance protection only for non-American traders?

A: IG has not listed the reasoning, but it likely has to do with government regulation. Forex trading is the only IG Group trading available to Americans right now, and IG is only able to offer so many features while still complying with the law.