IG Index Review
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IG Index

IG Index Account
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Losses can exceed deposits

Here at CleanFinancial.com we want you to select the trading option that is right for you. One option is IG (was IG Index), the most popular UK spread betting company.

IG
Although the trading platform is fairly intuitive, we have also added a series of videos to help you use the IG website.

IG Review


With IG you get all the normal advantages of spread betting:
  • Tax Free Investments*
    • No Capital Gains Tax
    • No Income Tax
    • No Stamp Duty
  • You can buy or sell indices, shares, forex and commodities
  • No commission fees
  • No brokers' fees
  • A wide range of global markets - for more details see markets on the IG platform
* 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

  • Mobile spread betting - see below for details on IG Index Mobile spread betting

  • Narrow spreads - during market hours IG Index offer spreads of 1pt for the Daily FTSE 100 and EUR/USD markets, and 2pts for the Daily Wall Street and GBP/USD markets

  • Advanced charting - with IG Index's DealThru charts investors can trade directly from the charts, see below for more details on IG Index charts

  • Research data and reports - investors are provided with a range of research and analytical studies. The studies include a technical analysis service from independent experts

  • Reuters - live streams from the news agency

  • Custom trading - you can create your own trades, for details see Custom Spread Bets

  • 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.

IG Index Account / Website


Go to » IG Index
IG Index Account


Screenshot of the customisable IG platform:
IG Index Platform

IG Index Number One Spread Betting Company


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.

IG - Best Spread Betting Provider 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:

Best Spread Betting Provider
  • 2013 - 2010, 2008 Investors Chronicle & Financial Times Investment Awards
  • 2013 MoneyAM Awards - Best Investor Education
  • 2012, 2009, 2008, 2007 Shares Magazine Awards
  • 2011, 2010, 2009 What Investment Magazine Awards
  • 2010 Trade2Win Members' Choice Awards
Best Online Trading Service/Platform/Tools
  • 2013, 2012 Shares Magazine Awards Best Online Trading Service
  • 2013 MoneyAM Awards - Best Investor Education
  • 2012 UK Forex Awards - Best Forex Trading Tools
  • 2010 MoneyAM Online Finance Awards - Best Online Service & Best Online Charts
  • 2009 MoneyAM Online Finance Awards - Best Online Provider & Best Online Product Innovation)
Best Mobile Spread Betting App
  • 2012, 2011 Investors Chronicle & Financial Times Investment Awards
  • 2010 World Finance Telecoms Awards
  • 2010 Sunday Times App List, the spread betting app was described as 'indispensable'
Best CFD Service / Provider
  • 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.

But there are a few downsides:
  1. If you want a really simple platform then you might prefer Capital Spreads or Financial Spreads.

  2. If you want really tight spreads, you could use the above firms. GFT, InterTrader and Tradefair are also more competitive than IG on many of their markets.

  3. IG does have often impose a minimum £2 stake. The above firms are typically £1 and ETX has a £0.50 stake.

I do like the IG platform and overall service, they are strong across the board. But I will certainly use other platforms depending upon what I am trading.

I guess that’s why some investors haven’t signed up yet.

Jacob Wood


User Ratings & Comments on IG


Please rate the IG latform/service:


(The above is a user generated rating and does not represent the view of CleanFinancial.com. If you can't see the company rating above this line, please refresh your page.)


Add Your View - please add any comments and/or questions on IG here.

Readers can leave comments by logging in securely to their Facebook, Twitter or Intense Debate accounts (CleanFinancial does not see, or keep a record of, your login details).

IG Account


Below, an overview of the IG spread betting account.

IG Index Services

Average User Rating 7.3
New Account OfferIG Index
24 Hour Trading IG Index
Live ChartsIG Index Live Charts
iPhone AppIG Index iPhone App
iPad AppIG Index iPad App
Android AppsIG Index Android Apps
Web PlatformIG Index Web Platformne
Stop Loss Available IG Index
Automatic Stop Loss IG Index
Credit Account IG Index
Deposit Account IG Index
FCA Authorised and Regulated IG Index


IG Index Mobile

IG Mobile Apps


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

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

IG Charts


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.

Typical In-Hours Index Spread Sizes with IG Index

FTSE 100 (UK 100) Daily1
Dow Jones (Wall St) Daily1.8
DAX 30 (Germany 30) Daily1
S&P 500 (SPX 500) Daily4
NASDAQ 100 (US Tech 100) Daily1
CAC 40 (France 40) Daily1
ASX 200 (Australia 200) Daily2
Japan 225 Daily6
Hong Kong Daily8
Stock market indices minimum stake£1-5

Other indices include: Germany 40, Germany Mid-cap, Belgian 20, Switzerland Blue Chip, South African 40 and more


Typical In-Hours Forex Spread Sizes with IG Index

EUR / USD Daily0.8
GBP / USD Daily1
EUR / GBP Daily1
USD / JPY Daily0.8
Forex minimum stake£1

Other FX morex markets include:
  • Major FX: EUR/CHF, EUR/JPY, AUD/USD and more
  • Minor FX: CHF/JPY, EUR/SEK, GBP/JPY and more
  • Exotic FX: USD/HUF, GBP/MXN, EUR/CZK and more

Typical In-Hours Commodities Spread Sizes with IG Index

Gold Daily5
Gold Futures6
Brent Crude Oil Daily4
Brent Crude Oil Futures6
US Crude Oil Daily4
US Crude Oil Futures6
Commodities minimum stake£1-2

Further commodities markets including:
  • Energies: Natural Gas, Heating Oil, Carbon Emissions and more
  • Metals: Silver, Copper, Platinum and more
  • Softs: Robusta Coffee, London Sugar No.5, London Wheat, Lean Hogs, Live Cattle and more

Typical In-Hours Interest Rate Spread Sizes with IG Index

Euribor1
Euroswiss1
Short Sterling1
Treasuries minimum stake£2


Typical In-Hours Bonds Spread Sizes with IG Index

BOBL2
Bund2
Gilt2
Schatz1
US T Bond 10 Year4
US T Bond 30 Year-
Treasuries minimum stake£2

More IG Markets

IG Index also offers prices on a range of other markets and variations such as: Please also read our company prices and notes on the above.


IG on Social Media


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

(more corporate)
  • @IGcom - official IG Twitter account for market updates, corporate updates etc.

Follow IG on Twitter

(more market updates and analysis)
  • @AMcCaig_IG - Alastair McCaig, Market Analyst
  • @DavidMadden_IG - David Madden, Market Analyst
  • @ChrisB_IG Chris - Chris Beauchamp, Market Analyst
  • @IGSquawk - IG Squawk – also useful for following the markets, a 24 hour twitter account that covers live share news and client sentiment
  • @WillHedden_IG - Will Hedden, more trading chat / part of the @IGSquawk team

IG on other Social Media

Contact IG


And if you don’t like our review of IG, or if this review doesn’t give you what you are looking for then try contacting IG directly:

IG Customer Support: 0800 409 6789 / +44 (0) 20 7896 0079 / 1800 995 364 (Ireland)
IG Customer Support: helpdesk.uk@ig.com
Dealing desk: +44 20 7896 0000 / +44 20 7633 5323
Address: Cannon Bridge House, 25 Dowgate Hill, London, EC4R 2YA, UK
Official Site: www.IG.com


About IG Index


Here's what they say:

"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.

IG Index Spread Betting Platforms "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.

IG Index Account / Website


Go to » IG Index
IG Index Account


Spread Betting on the IG Group Share Price


Note that IG Group Holdings plc is a FTSE 250 company and so you can spread bet on IG itself, ticker code IGG. See below for broker ratings on IG Group.

At the moment, you can spread on IG Group, via:

IG Index
Broker Ratings - Sponsored by IG

IG Group Broker Ratings


A look at the latest IG Group broker ratings:

DateBroker Rating Broker Last Price Target Price Potential Upside / Downside
26-Feb-16Brokers Tips - HoldHoldNumis766735-4.00%
23-Feb-16Brokers Tips - Sector PerformSector PerformRBC Capital Markets728.58009.80%
16-Feb-16Brokers Tips - HoldHoldLiberum7317360.70%
01-Feb-16Brokers Tips - HoldHoldLiberum731709-3.00%
19-Jan-16Brokers Tips - Sector PerformSector PerformRBC Capital Markets739.585014.90%
30-Nov-15Brokers Tips - BuyBuyNomura776.58509.50%
07-Oct-15Brokers Tips - HoldHoldNumis759.5735-3.20%
22-Sep-15Brokers Tips - AddAddNumis Securities Ltd760.5735-3.40%
21-Jul-15Brokers Tips - HoldHoldNumis Securities Ltd754735-2.50%
30-Jun-15Brokers Tips - HoldHoldNumis Securities745.5707-5.20%
29-Jun-15Brokers Tips - HoldHoldNumis Securities Ltd745.5707-5.20%
16-Mar-15Brokers Tips - HoldHoldNumis Securities Ltd733.5707-3.60%
26-Jan-15Brokers Tips - HoldHoldLiberum739.5670-9.40%
21-Jan-15Brokers Tips - NeutralNeutralUBS7447602.20%
20-Jan-15Brokers Tips - HoldHoldCanaccord Genuity Corp733.5650-11.40%
25-Nov-14Brokers Tips - BuyBuyCanaccord Genuity Corp668.57004.70%
18-Nov-14Brokers Tips - AddAddNumis Securities Ltd627.56656.00%
17-Sep-14Brokers Tips - AddAddNumis Securities57866515.10%
22-Aug-14Brokers Tips - OverweightOverweightBarclays60771918.50%
11-Aug-14Brokers Tips - HoldHoldLiberum6246504.20%
16-Jun-14Brokers Tips - BuyBuyCanaccord Genuity Corp574.565914.70%
22-May-14Brokers Tips - BuyBuyCanaccord Genuity Corp58471121.70%
19-Mar-14Brokers Tips - HoldHoldLiberum634.56502.40%
18-Mar-14Brokers Tips - BuyBuyCanaccord Genuity Corp640.571111.00%
14-Jan-14Brokers Tips - BuyBuyInvestec63470010.40%

For the latest UK broker ratings see Daily Trading Tips.

This is Not Investment Advice


Advert: IG Index, sponsored by FinancialSpreads.com.
You can spread bet on IG Group with Financial Spreads.

Using the IG Trading Platform


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.





Trading Risk Warning
'IG Index' edited by Jacob Wood, updated 03-Jan-17

For related articles also see:




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