IG Markets is a broker that caters to traders at all levels of proficiency with a range of tools and educational resources. Its platform and educational materials receive a high score in our comparison, while its fee structure is competitive compared to peers. Is IG Good for Day Trading?
In my hands-on tests, IG excelled in forex major pairs and indices, with better-than-average spreads, while commodities and Bitcoin were closer to average. The broker also offers a wide range of CFDs on shares, though these are more expensive due to their complexity and leverage.
Its web-based platform is intuitive and easy to use, with useful charting features like watchlists, price alerts, and direct chart investing. Advanced investors can also trade through a REST and web API or with the powerful third-party software IG ProRealTime, available exclusively to UK clients.
Is IG Good for Day Trading? A Complete Guide
IG has a robust community that is active across various platforms, including blogs and forums. It also holds regular webinars, where experts discuss a range of topics from macroeconomic data to trading strategies.
IG is regulated by top-tier financial regulators in several countries, including the FCA in the UK, BaFin in Germany, and ASIC in Australia. This shows that the broker adheres to the highest standards of the industry. The broker is also a member of the Investor Compensation Scheme, which protects traders from losing more than they invest. However, the scheme does not cover all losses incurred when trading spread bets and CFDs.