* Tax law is subject to change or may differ if you pay tax in a jurisdiction other than the UK.
IG Spread Betting
Plus with IG you also get:
More than 12,000 markets - the IG Index platform offers more than 12,000 spread betting markets covering stock indices, equities, forex, sectors, commodities, bonds, interest rates and house prices. Also see IG Index markets
24 hour spread betting - investors can trade a number of popular markets like the FTSE 100, GBP/USD, gold and crude oil, 24 hours a day, from Sunday night to Friday night. IG Index quotes prices on leading stock indices even when the underlying markets are closed
A multi-award winning service - IG Index's web platform, PureDeal, has won numerous awards and offers a combination of high-speed execution, reliability and security. See below for details on IG Index awards
Limited risk trading - you can add Guaranteed Stop orders to your trades. These orders put a limit on your maximum possible loss without limiting your potential profits
Remember that financial spread betting is a leveraged product and can result in losses that exceed your initial deposit. Spread betting may not be suitable for everyone, so please ensure that you fully understand the risks involved.
Investment Trends, a leading independent research agency, conducted a survey in 2013 that found that just under 60% of 'active' UK financial spread bettors have an account with IG Index. This confirmed IG Index as the most popular UK spread betting company.
44% of spread bettors said they used IG as their primary account and 32% of UK CFD traders said they used IG as their primary account.
IG Index Awards
IG Index regularly wins awards for their spread betting service, more recent awards include:
2013, Investors Chronicle & Financial Times Investment Awards
2013, MoneyAM Awards
"Why Doesn’t Everyone Just Use IG?"
Editor’s comment (June 2015): A friend asked me this a few days ago. He reasoned with me, “Why doesn’t everyone just use IG? The pricing is fine, the platform stable and trustworthy, and they have all the markets you could ever want to trade and more.”
Well, a lot of people do have an IG account. Apparently 60% of the UK active spread bettors have one.
The IG platform is also available for a broad range of mobile devices.
The IG 'mobile dealing app' has been tailored for iPhone, Blackberry and Android based devices.
The result is that IG account holders can review the latest prices and charts, open and close trades and update trading orders from their mobile phone.
IG iPad App
The IG iPad app lets investors:
Check live prices and charts
Open and close trades
Add Limit Orders, Stop Orders and Guaranteed Stops
Create a Watchlist(s)
Review their P&L and aggregate trading position
Customise the layout
The IG Index service covers both basic and advanced technical analysis with their range of live charting options.
Dealing directly from charts - the IG Index 'DealThru' technology lets investors 'drag and drop' opening orders onto charts. Orders are displayed as lines on the charts and are activated when crossed
Autochartist - IG Index offers investors the powerful Autochartist pattern recognition tool which can monitor the markets for you. Autochartist will alert investors when the market patterns indicate potential trading opportunities in their chosen markets
Mobile charting - investors can also access live charts through mobile apps
Autochartist with IG
Autochartist is one of the fastest scanners of technical patterns and IG clients are eligible for a free Autochartist subscription.
The Autochartist tool scans more than 10,000 symbols every minute, across five different time frames, from 15-minute graphs to end-of-day graphs. The key benefits of Autochartist include:
Intraday Scanning: quick notifications regarding potential trade opportunities throughout the day.
Forecast Zones: once a pattern has been completed, Autochartist can automatically plot a forecast zone of the price level that is expected to be reached. According to the Autochartist website, this feature comes with a 70% success rate†.
Quality Indicators: automated visual analysis that combines four unique characteristics to assess the quality score of a pattern.
Pattern Recognition: Autochartist automatically detects predefined patterns and key levels.
Trade Style: the software automatically plots support and resistance levels in order to help both ‘breakout traders’ and ‘swing traders’.
‘PowerStats’: a feature which assesses the risk and volatility of the instruments that you trade.
Training: the service comes with training videos and guides to help investors maximise the use of the chart patterns and technical analysis.
† The 70% success rate is based on the previous 6 months of trading data although, as always, any indication of past performance is not a reliable indicator of future results. This information has been obtained from Autochartist. IG, Autochartist and CleanFinancial do not make any representations that any results will be achieved.
A Review of the Markets on the IG Platform
Below you will find a sample of the markets offered by IG Index along with their typical in-hours spread size and the minimum stake for that market. See IG Index for full details.
IG are very active on Twitter but less so on Youtube these days. A lot of their activity on Facebook and Google+ is identical.
If you’re following IG on Twitter, note that some accounts focus more on corporate Tweets and some give more trading updates and analysis, naturally we prefer the latter. To help we’ve separated the accounts below:
Follow IG on Twitter
@IGcom - official IG Twitter account for market updates, corporate updates etc.
"IG Index is Britain's leading financial spread betting firm, offering prices in a wide range of indices, FX, commodities and options markets as well as thousands of individual shares.
"Financial spread betting has grown rapidly over the last decade because it offers investors and traders a unique combination of flexibility and speed of execution.
"IG Index, the original IG Group company, was founded in 1974. It was the first financial spread betting company in Britain, and today is the leading spreads operation in the world.
"The group rapidly grew in the 1990s with the introduction of forex dealing, Contracts for Differences (CFDs) and sports spread betting. In 1998 IG Index became the first company to offer online financial spread betting.
"2000 saw IG Group float on the London Stock Exchange (LSE). In 2003 Stuart Whelan (the founder) decided sell his remaining interest in the company and compelled a management buyout led by Nat le Roux, then CEO, and backed by CVC Capital Partners.
"In May 2005, IG Group Holdings plc was floated on the main list of the LSE. Today they are a FTSE 250 company with over 120,000 clients worldwide."
2006 saw IG Group launch a browser-based trading platform as well as a website dedicated to clients in Russia.
In 2008, IG Group bought FXOnline, a leading provider of financial derivatives in Japan. IG also launched the UK's first dedicated iPhone spread betting software”
During 2009, IG launched Nadex in the US. A year later IG launched its iPhone app
In 2011, IG added DMA to its iPhone app, they also launched new Android and BlackBerry based apps. The IG platform sees around five million trades placed each month.
2012 saw the IG Index and IG Markets brands start trading as IG.
IG Index is authorised and regulated by the Financial Conduct Authority (FCA), FCA Register number 114059.
The following video looks at the deal ticket, where to get news, where to get more charts from third parties to help your trading etc.
Using the IG Charts
The following video gives a simple but useful overview of the IG charts including how to access charts, selecting different views and timeframes as well as adding technical indicators and trend lines.
'IG Index' edited by Jacob Wood, updated 03-Jan-17
For related articles also see:
IG Markets, updated 25-Jul-14
IG Markets review with user ratings and comments on the award winning platform from the UK's number one CFD provider. With an IG Markets Account you can trade thousands of markets from UK and International shares to forex, stock market indices, commodities and... » read review.
IG Group Profits for 2008, updated 25-Jul-08
IG provide a good service, they attract traders and they keep them trading. That is not Clean Financial's opinion. That is the IG results talking. Yes they are the oldest spread betting company but that does not mean they should be, by default, the biggest. Just ask... » read review.
IG Index review with user ratings and comments on the UK's largest spread betting company. The awarding winning IG platform, comes with 8,000 markets, mobile apps, 24 hour trading, 'Deal-Thru' charts and... » read from top.